Property

Property group Mirvac has suffered a 66 per cent drop in net profit following a massive writedown of its development projects, including a $74 million hit to the value of its developments in Wester

Global accounting giant Ernst & Young is running the numbers on a new CBD address amid the growing likelihood it will quit its Mounts Bay Road address in favour of a new office tower.

Outlet shopping centre Harbour Town has been put up for sale, with the campaign to be managed by Jones Lang LaSalle.

Doric chief executive Peter Iancov has resigned after the diversified contractor decided to defer some of its growth strategies.

Property development group Cedar Woods says it expects to grow its profits further in 2014, after recording a record net profit for the year to June 30.

WESTERN Australia's high construction costs threaten to constrict the new project pipeline, according to Perth's leading architecture firms.

The managing director of collapsed Perth building firm Gavin Construction made an unsuccessful last-ditch bid to recover a failed Karratha laundry project just weeks before appointing administrator

Millionaire Perth property developer Nigel Satterley has snapped up a $17.5 million bargain, buying one of Western Australia's most historic and prestigious homes for well below

New home building in Western Australia is set for a strong recovery, driven by the recent increase in first home owner grants and record low interest rates, a housing industry lobby group says.

Development and construction firm Diploma Group has gone to the market with a discounted placement and rights issue, to raise $9.1 million to pay down debts and increase working capital.

Property developer Stockland has seen its net profit fall almost 80 per cent due in part to weakness in the housing market and a major writedown.

Efforts to boost residential and commercial development in Port Hedland have hit a hurdle, with the state environmental regulator rejecting a proposal to re-zone industrial land over concerns regar

Building products maker James Hardie expects profit to be steady as housing conditions in the US and Australia improve.

UGL will split its shrinking engineering business from its growing property arm to reflect the property division's greater global focus.

Hardware giant Bunnings has sold a suite of its warehouse properties and a bulky goods centre to the listed BWP Trust for more than $312 million, under a sale and lease-back arrangement.

A Perth property consultant has secured a major contract in China, indicating ample opportunities for WA service providers willing to embrace the Chinese way of doing business.

The state government’s proposed council amalgamations were framed in terms of increasing efficiency, but could make life more difficult for developers.

Home loan approvals continue to rise, showing that low interest rates are working their way into the housing sector.

Global commercial real estate giant Brookfield Office Properties has officially started construction of the second office tower at Brookfield Place.

Labour costs are putting pressure on builders as they try to keep up with demand for new homes.

Perth house prices have been confirmed as the fastest rising in Australia despite the widespread slowdown across the state’s resources sector, according to official figures released by the Australi

Apartment developer Finbar Group plans to establish a regional office in Karratha as it works to lift sales of its Pelago projects.

Record low interest rates are contributing to the surprising increase in Perth’s property prices.

Two property groups – Real Estate Institute of Western Australia and RP Data, working with Rismark International – have produced widely different estimates about housing prices in Perth.

Office vacancy rates in Perth’s central business district have edged higher while the West Perth rate has jumped sharply, and both sectors face the prospect of even higher vacancy rates as demand r

The state government has released new guidelines for coastal development, with conservationists hailing the move as a critical policy change, while an industry group labelled the policy change

Plans to build an apartment development at the historic Dalgety Wool Stores building in Fremantle are a step closer with the signing of a $97 million funding deal.

The property industry has welcomed the state government’s plan to halve the number of metropolitan local government areas, saying larger councils would result in a more robust planning and approval

Approvals for the construction of new homes fell 6.9 per cent across Australia in June, official figures show.

Health insurer HBF has completed a deal, foreshadowed earlier this year, to purchase and move into one of the new Kings Square office towers, relocating its 600-strong staff from its existing offic

Cooper & Oxley Builders has won a contract worth more than $14 million to build the Osborne Park Hospital surgical centre development and outpatient department.

Rental growth for Perth housing outstripped gains in home values by a whopping 45.5 percentage points over the past six years, according to new research released today.