Construction and development company Diploma Group has blamed a $3.9 million first half loss on delays at one of its city apartment developments and a downturn in sales across its completed project
National non-bank lender Homeloans Ltd will continue eyeing acquisition opportunities and cutting costs to protect earnings after reporting a 13 per cent drop in first half profit.
Residential developer Peet has experienced a 61 per cent dip in profit for the half-year ended December 31, illustrating the difficult conditions prevalent in the residential property market.
Developer and funds manager Aspen Group has reported a solid rise in interim profit, saying the company’s strategy of re-weighting its portfolio towards Western Australia was proving sound.
BLACKBURNE Property Group is stepping up its development activities, with the launch this month of a $44 million apartment project in East Perth and a further two projects in the inner suburbs on t
New research shows suburban office vacancies are nearly three times higher than in Perth’s inner city, potentially opening the door for local property owners to capitalise on the hot demand for off
Continued investment in resources projects will drive a recovery in the Western Australian and Queensland residential property markets in 2012, property developer Mirvac says.
The state’s peak real estate body has scoffed at claims of a rental crisis in Perth, with its latest research showing the vacancy rate for rental properties steady at 2.5 per cent.
Shopping centre giant Westfield is upbeat about the future of retail sales in Australia despite overriding consumer caution and economic uncertainty abroad.
THE challenging residential property market has been stuck at or below the long-term average turnover for the past four years, according to the Real Estate Institute of Western Australia.
BHP Billiton has become a property player in the Pilbara with plans to develop more than 2.5 hectares of land in the centre of South Hedland, including a five-storey residential complex.
Two long-awaited and much-debated marina proposals have inched closer to becoming reality, with Cedar Woods’ Mangles Bay getting an environmental thumbs-up, and the state government committing to a
Expectations of a strengthening housing sector have been helped by new figures showing a rise in the value of new home loan commitments to a two-year high, economists say.
The state government has unveiled four new land redevelopment committees that will advise the Metropolitan Redevelopment Authority on urban redevelopment.
Property group Stockland's first-half net profit has fallen by 28 per cent due to tough economic conditions, but the company expects a better performance in the remainder of the financial year.
AUSTRALASIAN Property Investments and Automotive Holdings Group say they have created a new class of investment property with the establishment of a $66 million property syndicate involving five ca
Service and logistics companies looking to muscle in on Western Australia’s multi-billion dollar oil and gas sector are driving strong demand for industrial space in Perth.
Perth company NLV Group, best known for its National Lifestyle Villages, has added a fourth division to its business with the acquisition of Velocity Villages.
New home sales in Western Australia posted their second consecutive month of growth in December, but transactions are still significantly lower than where they were 12 months ago, according to new
A SIGNIFICANT parcel of inner-city land is being put up for sale by the Water Corporation as part of big changes taking place on the north-west fringe of the central city.
DESPITE the national 2.1 per cent fall in home prices in the December quarter painting an unflattering picture for the sector, property industry leaders remain optimistic about the year ahead.
