Property

The latest capital raising for Peet's residential land syndicate, the Peet Point Cook Kingsford Syndicate has closed oversubscribed with investors applying for more than 22 million units.

Satterley Property Group has secured a $36 million contract from the state government to build 231 affordable new homes as part of the Nation Building Economic Stimulus Package.

The direction of Perth's property market may not be quite so clear cut with latest data from the Australian Bureau of Statistics over house prices putting it at odds with figures released last week.

Shares in property developer Port Bouvard have been placed in a trading halt on a request from the company in order to complete the refinancing of its existing loan facilitites with St George bank.

Home values in Perth have bucked the national growth trend, falling more than 1 per cent in the September quarter, according to data released today which counter other reports' suggestions that median home values in Perth have increased in recent months.

The number of new home sales in Western Australia fell by 11.1 per cent in September, the country's second biggest drop and nearly three times national decline, following a strong surge in August, according to a Housing Industry Association (HIA) survey.

THE City of Bunbury has called for a more detailed planning strategy for the region after the release of a broad planning framework for the South West.

Perth’s industrial land values have reached a low point and are tipped to rise as the economy recovers.

SOUTH Hedland is set to get a major revamp, with approval for the development of a new town centre and plans for new worker accommodation that breaks with the Pilbara’s traditional approach.

Perth real estate developer Port Bouvard has called for the trading of its shares to be halted ahead of a critical refinancing deadline on Sunday night.

Treasurer Troy Buswell says the state government will partner with the private sector to develop new subdivision opportunities to avoid a second big spike in Perth land prices.

The median land price in Perth has risen 4.8 per cent in the June quarter as the land price in the South West was among the 10 most expensive areas in the country, a new report shows.

The retail property space in Perth city is tightening up with vacancies in the CBD malls falling by more than 7 per cent while rents are pushed to an all-time high of close to $5,000 per square metres, a new report shows.

Property funds manager Aspen Group has started the first stage of construction at its 900-lot St Leonard's Estate in the Swan Valley, as it halves its debt following the completion of a recapitalisation process.

THE developers planning to turn land around Jandakot Airport into a major commercial and industrial precinct have shifted their focus to industrial tenants as the project nears a final environmental approval decision.

THE Real Estate Institute of Western Australia is predicting Perth's median house price to remain steady over the next 12 months, while the rental vacancy rate is tipped to decrease slightly over the next quarter.

TIMBER industry group Forest and Wood Products Australia predicts the structural use of manufactured timber products will be an important future growth area for the Western Australian timber industry.

Nomad Building Solutions has forecast a $12 million second half profit for 2009/10 but has warned of a first half loss of $1 million due to a downturn in orders.

The state government has taken the next step in the revitalisation of the South Hedland town centre with planning approval for the development of up to 130 townhouses and apartments plus commercial, medical and retail space.

The state government has announced plans for a development of more than 70 lots straddling the Bluff Point and Beresford suburbs, less than four kilometres north of Geraldton's central business district.

The City of Cockburn has been awarded $150,000 by the Fremantle Magistrate's Court following legal proceedings against Swan Bay Holdings for unlawful development of a roadway and concrete container yard operation.

An Applecross real estate agent, who had his licence cancelled due to misconduct, has failed in a bid to appeal against the cancellation.

Canning Vale has emerged as the preferred suburb among first home buyers in the September quarter, as the median house price for first time buyers edged up to $380,000.

THE revitalisation of former industrial land at South Beach in South Fremantle has passed a key milestone, as national property developer Stockland expects residents to move into its Islands apartment complex by year's end.

HOUSING Minister Troy Buswell's reform proposals for public housing announced last week could not have come at a better time for national social housing provider Community Housing, which recently announced its intention to move into the Western Australian

PLANS for an 18-storey retail and office building opposite the Parmelia Hilton on Mill Street have been approved by the City of Perth.

IF you spend more than a few moments with David Hohnen you'll soon hear the words 'second generation'.

WA land valuer Michael McKenna has been stripped of his licence for two years after he was found guilty of bribing public officers.

Alan Bourke has been elected as the new president of the Real Estate Institute of Western Australia, following the retirement of Rob Druitt.

THREE Western Australian builders have been ranked in the top 20 in the Housing Industry Association's annual Housing 100 survey.

NORTHBRIDGE-BASED Copraxis Architects says winning two out of three categories in LandCorp's regional affordable living challenge will allow it to shift its strategy and establish a larger presence in regional Western Australia.

BURSWOOD-BASED Aegis Aged Care Group has strengthened its ranking as the largest operator in the sector by taking over six facilities, despite financial pressures besetting the industry.