Property

Property development firm Devwest Group has been given the green light for an $85 million, two-tower commercial and residential project in South Perth.

Retail property in Kalgoorlie-Boulder is reeling from the flow-on effects of the mining services slowdown, with empty shops in the city's historic heart of Hannan Street reaching decades-high level

Karratha is undergoing a transition as more families move to town, attracted by the improved infrastructure and new housing developments.

Perth-based Cedar Woods Properties has purchased a 6.5 hectare infill site in Melbourne's south east for $23.5 million.

GDI Property Group and Charter Hall have formally launched investment offers this week, giving wholesale investors an opportunity to buy a stake in two major Perth office buildings.

Contractor Brierty has secured a new residential land development contract in the Northern Territory worth up to $100 million.

Perkins Builders has announced a pair of significant new contract wins, collectively worth more than $50 million.

Boutique developer Match Group has announced a shift into property funds management, with a $4 million Bunbury town centre site its first acquisition to be placed into a trust.

Perth median home prices have risen to record levels, a trend confirmed by two sets of data released today.

Higher demand for new housing is placing further pressure on the state's land supply, as a new report finds land sales are tracking at more than 40 per cent above the 10-year average.

An ample supply of industrial land coupled with softening conditions in the resources sector could lead to downwards pressure on rents, new research has found.

Proposed changes to planning regulations in the City of Stirling threaten to derail the state government's efforts to boost affordable housing.

Diploma Group has developed a new remuneration package for managing director Nick Di Latte with a lower base pay but new performance incentives as it prepares to face shareholders at its annual general meeting next week.

Plans for a six-storey, $4.5 million office development at the old Stockade Building on the corner of Barrack and Wellington streets have been approved by the City of Perth.

The state government's boost to the first home owner's grant for new houses has resulted in applications for new dwellings rising 17 per cent in October.

The Australian Securities and Investments Commission has permanently banned a former broker from engaging in any financial services activities, following her jailing for defrauding 24 investors of more than $4 million.

The average floor area of new houses in Western Australia has fallen to 234.5 square metres, after peaking at 244.5sqm in 2009-10.

Emco Building has won an $11.1 million contract from the Department of Education to build additional teaching facilities at Ashdale College in Darch.

Apartment developer Psaros has substantially expanded its operations after gaining financial backing from private equity investment groups Dorado and Alceon.

Luxury apartment projects have been a risky business in Perth and not many developers are willing to venture there; but there are a few exceptions.

Development activity in the Perth apartment market has risen to its highest level since the GFC, with national players getting more active in WA.

The Sebel Residence East Perth has been sold to an offshore investor for $19.2 million.

After a record-breaking 2012, the past 12 months have been pretty quiet for new office construction in Perth, with little significant space to be added until 2015.

Persistence is starting to pay off on the government's quest for local council reform.

Charter Hall has secured an industrial site in Bibra Lake for $22.6 million, in the largest industrial land deal of the financial year to date.

A five-storey, 204-apartment proposal by Blackburne Property Group has been refused planning approval by the Metro West Joint Development Assessment Panel.

AFG Property is set to proceed with construction of its $87 million Richmond Quarter apartment development in East Fremantle after appointing Pindan this week as the builder.

A jump in the number of new home loans during September is another sign that interest rate cuts take time to boost the economy, an economist says.

Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.

Hotel franchisor Choice Hotels says it is keen to double its number of hotel rooms in Western Australia over the next five years.

The state's housing construction market is tipped to remain at its strongest level in years on the back of a 34 per cent increase in dwelling starts in 2012-13.

Finbar Group is on the lookout for new opportunities in the Pilbara, despite selling less than half the apartments in its most recent project in Karratha.