Western Australia needs to brace itself for a housing shortfall of more than 72,500 by 2020 with Wanneroo and Rockingham to suffer the greatest shortages, according to a new report.
METROPOLITAN land developers are predicting a significant shortage of housing lots later this year, as tight bank finance and the slow approvals process cause roadblocks in the development pipeline.
THE developer behind the contentious Smiths Beach resort proposal says it is pleased with Environment Minister Donna Faragher’s decision to give a scaled-back development the green light.
The strongest quarterly increase in new home starts in eight years has highlighted the effectiveness of the federal government's stimulus package, but economists warn that not enough new homes are being built to accomodate a rapidly growing population.
Aspen Group says the Australian Taxation Office has signed up for an initial 15-year lease at its planned $200 million office tower in the Adelaide CBD area.
Property developers Georgiou Group, Match Group and Australand are among the shortlist the state government has today revealed to transform the disused Knutsford industrial site near Fremantle into a residential precinct.
Salta Constructions has commenced winding down its operations at Raine Square after spending the past three weeks trying in vain to negotiate a settlement with project developer Saracen Properties.
In a move demonstrating confidence in Western Australia's commercial property sector, Georgiou Capital will commence construction on a Nedlands office development without pre-sales or tenant commitments.
HOUSING Minister Troy Buswell’s commitment to build 20,000 new affordable dwellings by 2020 is providing a lift for the sector, but the growing waiting list for public housing needs to be tackled by the private sector, according to social housing provider
Detached new home sales in WA surged 12.2 per cent in January in a sign that upgrading owner occupiers and investors may be coming back in to the market, a leading industry body says.
AS the shutdown of the Raine Square development site in central Perth enters its third week, speculation continues over the possible fallout from the dispute that prompted the lead building contractor to close the site.
PERTH’S industrial property market is showing signs of renewed strength and confidence, although that could be undermined by supply constraints, according to the latest market analysis from Colliers International.
NATIONAL property developer Stockland has joined rival developers Peet and Delfin Lend Lease as a key investor in the Alkimos-Eglinton area, north of Joondalup.
Aspen Group has returned to the black with the property developer and funds manager today reporting a net profit of $12.9 million for the first half of the 2010 financial year.
Property developer Cedar Woods Properties has reiterated its full-year profit guidance of $15 million after it today reported a profit turnaround to $9.9 million.
The Western Australian housing industry is eagerly awaiting the state government's release of a discussion paper to determine its direction over builder's warranty insurance.
The Town of Port Hedland says its long-running partnership with BHP Billiton Iron Ore could be used as a model for local governments and the private sector to boost revitalisation efforts in the regions.
AFFORDABLE housing provider Bethanie Group has signed a new partnership with the state government to deliver 200 new community housing units for the aged.
The lock-down of one of Perth’s largest construction projects has focused attention on developer Luke Saraceni and his contractor, Salta Constructions.
Property developer Finbar Group says it is confident of meeting its full-year profit forecast of more than $21 million after it today delivered an interim net profit after tax of $18.2 million.
Diploma Group has increased its first-half net profit after tax by 462 per cent as re-emerging confidence in the property sector paints a robust outlook for the property developer.
SOUTH Perth-based Jaxon Construction’s announcement that it had bought into the North Fremantle Rivershores project is the company’s first step in refocusing its operations following a year-long strategic review.
A GLUT of new commercial developments to come on line in Perth’s CBD this year will result in backfill vacancies in older stock, according to a leading office leasing agent.
Home loan approvals in Western Australia retreated for a third straight month in December after a reduction in government subsidies and interest rate rises dampened enthusiasm for mortages, economists say.
Saracen Properties says its $550 million Raine Square project will resume construction within a fortnight, after Salta Constructions told 250 workers to walk off the Murray Street site yesterday over a pay dispute.
Shares in listed property developer Finbar have fallen slightly after announcing it had purchased a 1.58 hectare site in East Victoria Park for almost $10 million which the company plans to develop into 95 apartments.
