BELMONT-BASED construction firm Pindan has responded to a spike in demand for transportable housing by creating a new transportable housing company, Formas Australia.
Property developer Aspen Group has secured a new $20.5 million banking facility which will allow it to pay back its short-term debt and create more headroom under an existing senior facility.
The rental market is expected to come under pressure as new data out today shows the median house price in Perth has climbed 6 per cent in the year to October while sales of new homes fell.
Following the global financial crisis, Western Australia's confidence in property investment, as opposed to investing the stock market, is greater than all other states, a survey has found.
HOUSING groups may differ on when the recovery in housing starts will take effect in Western Australia, but they seem to agree that supply side constraints will continue to present problems for the industry.
THE Master Builders Association has forecast a major downturn in commercial building, with little new private sector work being undertaken, according to its survey of building industry conditions.
NEW developments along the northern metropolitan coast have passed some significant milestones, with the official launch of property developer Peet's residential project, Shorehaven, and the passage through parliament of the Jindee Metropolitan Region Sch
Land Minister Brendon Grylls has called for expressions of interest from potential redevelopment partners to be part of the revitalisation of the disused Knutsford industrial site near Fremantle, that would create 450 dwellings across 11 hectares.
THE Rottnest Island Authority has launched a new tender for the development of a premium hotel on the Mount Herschel site overlooking Longreach Bay, following the failure of its initial efforts in previous years.
THE City of Perth has approved a final concept plan for a revamp of St Georges Terrace between William and Barrack streets that focuses on pedestrian traffic rather than vehicles.
EAST Perth's status as a prime high-density residential precinct has been further enhanced with the opening of two large apartment complexes on Adelaide Terrace.
THE City of Cockburn's planning division has won three awards in three categories at the Planning Institute of Australia's Western Australian awards for planning excellence.
THE State Administrative Tribunal has upheld a decision of the Building Disputes Tribunal for BGC Construction to pay compensation for a breach of contract over a concrete slab.
Projects funded through the federal government's stimulus packages will be able to sidestep the state's planning approvals process so entitlements will not be lost, Planning Minister John Day says.
The Housing Industry Association has forecast that a significant recovery in housing starts in Western Australia is not expected until financial year 2010/2011.
The expansive property investment group built up by West Perth-based SAS Global has collapsed, with four more entities being placed in administration this week following the recent failure of SAS Global Baldivis.
INVESTORS in the SAS Global group’s property companies face a dire outlook after at least one company was placed in administration last week and two others were forced to cancel restructuring plans.
HERITAGE-LISTED residential properties have proved to be just as valuable as an asset as similar non-listed properties, according to new research undertaken by the Australian Property Institute.
The impact of the federal government's roll back of the first home owners boost has affected Western Australia the most, where mortgage volumes slumped 35.5 per cent in October, new figures show.
An increased flow of credit into the housing sector, apparently due to a last minute rush by first home buyers to secure the full benefit of a more generous housing grant, looks likely to generate a boost to the economy.
The state's median land price has surged 11 per cent in the September quarter, while house prices rose 2.2 per cent to a median of $460,000, new final figures from the Real Estate Institute of WA show.
Cedar Woods Properties says it will restart its interim dividend next year after it tipped a $12.5 million full year profit for 2009/10 on the back of a strengthening residential property market.
THE owners of two Perth office buildings have been awarded grants under the federal government's Green Building Fund for upgrades to make them more environmentally efficient.
