PERTH’S residential property market is in a state of oversupply and in the midst of a price correction with industry experts warning the market has been overstimulated.
PERTH’S property markets are proving attractive to overseas investors, with new research showing office, retail and industrial sectors in Western Australia are undervalued amid rising enquiry levels from offshore investors.
PLANS to develop a major ‘city centre’ at Innaloo have been given a boost after Planning Minister John Day took the rare step of intervening in a long-running dispute between Georgiou Capital and the City of Stirling.
A RECENT decision by the State Administrative Tribunal will allow nickel miner Panoramic Resources to construct a workers’ accommodation camp at one of its mines sites despite objections from the Shire of Coolgardie.
THE Master Builders Association has identified industry driven training schemes and employer bond systems as new strategies to address anticipated skills shortages over the next two years at its annual Skills Summit.
THE firm behind the overarching plan that will help guide Perth’s suburban residential, retail and commercial development over the next 20 years has received a national Planning Institute of Australia Award for planning excellence.
HAZELMERE is emerging as a major site in Perth’s industrial land market, after Coca-Cola Amatil signed a 10-year lease to join blue-chip tenants Toll IPEC and MTU Detroit Diesel at Goodman International’s Stockyards Industrial Estate.
Centro Properties Group, which owns 19 shopping centres in WA, says the competitive market process it's initiated to determine the group's future might result in any of a range of results, ranging from asset sales to change of control of the group.
Marilynne Paspaley's Pinctada Hotels and Resorts has been named the preferred proponent to build a new hotel on Rottnest Island, beating a rival proposal from Karma Resorts.
ROBUST economic conditions and pricing opportunities have seen Western Australia’s commercial and industrial property sectors at the forefront of a global property recovery, according to industry research.
NATIONAL affordable housing provider Community Housing Limited has pledged to improve the service and maintenance of 273 state-owned dwellings in the East Kimberley, and ultimately provide permanent employment for indigenous locals through the expansion o
A SURGE in demand for short stay accommodation in York has given investors the opportunity to buy into heritage property Settlers House, which has recently undergone a $7 million expansion, taking it from 18 to 88 units.
Home loan approvals in Western Australia bucked the national trend in September increasing 5.5 per cent compared to the national figure of 1.3 per cent.
JULIAN Walter might be best known in Western Australia for his building empire but his latest commercial initiative is the agriculture sector, where he wants to build a paddock-to-plate empire under the Cherylton brand.
INDUSTRIAL estates across the metropolitan area are evolving into highly specialised industry-specific precincts, with an increased focus on office space and general amenity, according to state government agency LandCorp.
OFFICE property analysts have noted a two-speed market emerging in Perth’s central business district, with vacancy rates spiking in the city’s eastern end and supply becoming tight along St Georges Terrace.
THE continued reticence of Australia’s major financial institutions to lend on property is providing opportunities for the syndicated funds sector to become a source of capital, fund managers and developers say.
PERTH’S rapidly developing north eastern corridor has been officially recognised, with new industry research revealing Australia’s fastest growing suburb is the Swan Valley’s Aveley.
THE state government’s plans to consolidate its office space and create a justice precinct at St Georges Terrace will underpin the redevelopment of the heritage-listed Old Treasury Building into a boutique hotel, according to Premier Colin Barnett.
THE Housing Industry Association has revised its forecast for WA’s residential construction sector, with its latest statistics showing new home construction will be down by 15 per cent this financial year.
NEW population growth statistics have bolstered calls from the Urban Development Institute of Australia for the state government’s planning framework, Directions 2031 and Beyond, to have an infrastructure investment plan in place to avoid a looming land s
INDUSTRY has called for the creation of an industrial lands redevelopment authority and a $2-3 billion infrastructure fund to facilitate the planning and delivery of industrial land in the metropolitan area.
REALMARK was last week named as the most successful real estate agency in Western Australia, when it received awards in four categories at the Real Estate Institute of Western Australia’s annual awards.
BANKWEST is looking for a new sub-tenant for the top three floors of city office tower, Raine Square, with international gold miner Barrick Gold understood to have cancelled its sub-lease agreement to take up the space.
AN industrial site in Canning Vale tenanted by supermarket giant Coles Group is set to become a record transaction for the Perth market, with an expected price tag upwards of $80 million.
