The Barnett government is understood to have picked a winner for the first two lots at Elizabeth Quay, pushing the button for the second land sale at the 10-hectare riverside precinct.
The average house price in Perth fell by about $14,000 in the September quarter, and rental prices have also eased, the Real Estate Institute of Western Australia says.
Australian capital city house values hit a record high in September, with Sydney and Melbourne leading the charge while Perth's house values fell slightly.
Australia needs to build many more houses and apartments if it wants to put the brakes on price rises and improve affordability, according to one of the country's top bankers.
ALDI's imminent arrival in WA and continuing competition between the retail majors has sidelined many retail developers who just can't pay the big prices Coles and Woolworths will shell out for new sites.
The arrival of a clutch of new international brands in coming years has the potential to rejuvenate the city retail sector, which has been hit by softer spending and the extended shopping hours at suburban centres.
The state government has unveiled its second phase of planning reforms, with the initiatives being hailed as a positive step forward for the development sector.
Former Compass Hotel Group chief executive Bryan Northcote has been convicted on breaches of director's duties and submitting false information to the corporate regulator.
The Master Builders Association says proposed changes to the state's home warranty insurance scheme do not address the industry's fundamental concerns and have the potential to lead to higher costs
One of Western Australia's largest builders says the delayed increase to the first home owner grant is unfair on buyers waiting to sign contracts, while the Real Estate Institute of Western Austral
Property investment company Aspen Group has continued off-loading residential development assets, announcing today the sale of its 45-per cent-owned Fern Bay Seaside Village syndicate in New South
New houses in Australia's capital cities are being built on plots of land that are up to one third smaller than 10 years ago, says industry analyst BIS Shrapnel.
The long-running and contentious extension of Roe Highway has taken a major step towards becoming reality, after the state's environmental regulator endorsed an improved plan, subject to a strict s
A 17-storey office development near the Old Treasury Building redevelopment has received building plan approval and will finish construction within two years of securing an anchor tenant.
Perth property syndication business Primewest has secured a 20.42 per cent stake in the South Central retail centre from a group of the property's founding investors, including John Poynton and Lin
Westfield Group looks set to offload its stake in two major shopping centres in suburban Perth just days after it was given the green light to increase ownership of the Karrinyup centre.
The Barnett government's move to integrate year seven students at the state's high schools is paying dividends for WA builders, with Emco Building the recent beneficiary of a $10.8 million construc
Construction of health insurance provider HBF's new home has begun, with Planning Minister John Day on hand to launch the fourth office tower at the Kings Square precinct.
