Property

Port Bouvard is set to receive a much needed lifeline from Queensland's FKP Property Group, which has agreed to chip in nearly $23 million to a planned $60.2 million capital raising.

A RIPPLE effect from the federal government’s proposed super profits tax on mining is creating uncertainty in a transportable and modular building sector that is just tracking back to normal after the damaging impact of the global financial crisis.

A CONSORTIUM of local government councils is taking the final steps to develop 170 hectares of land at Tamala Park in Perth’s northern suburbs.

Herdsman Business Park has emerged as the big winner in a state government shakeup of office leasing commitments.

The Real Estate Institute of Western Australia plans to merge its website with aussiehome.com, with the latter's founder, Charlie Gunningham, to manage the combined product.

Regional Western Australia has recorded one of the largest declines in housing affordability in the March quarter, a new report shows.

The Floreat Tavern has been sold to publican Geoff Hayward, the man behind the development of The Brisbane Hotel, Cino to Go and Luxe Bar.

Cedar Woods Properties has bought the former Bushmead Rifle Range site located at Hazelmere from the Department of Defence for $18 million.

A Singaporean development company is proposing to build three 12-storey apartment buildings on the White Sands Tavern site in Scarborough.

THE City of Perth is poised to inject new life into the Hay and Murray street malls by launching a strategy to re-utilise forgotten upper level space.

LAUNCHING an emergency breakdown service for houses instead of cars may seem to many to be a novel application of ‘roadside’ assist.

A HOST of ambitious plans to improve the city’s central business district is set to be unveiled for public discussion by the City of Perth.

The Housing Industry Forecasting Group has tipped housing starts will increase by 20 per cent over the next year, followed by a 5 per cent fall in 2011.

Property developer Port Bouvard says it has sold its Melros asset for $4 million, taking the total of non-core assets sold to nearly $14 million.

Perth CBD occupancy costs remain the most expensive in Australia, despite falling 27 per cent in the past twelve months, according to a new Global Office Rents report from CB Richard Ellis.

IN A milestone week for underground tunnel projects in Perth, the Northbridge Link reached its first landmark with the launch of the tender process to sink the rail line, and the Graham Farmer Freeway turned ten.

A LIBRARY in Mosman Park and a small home in the Swan Valley have been launched as showcase projects to illustrate the effectiveness and affordability of environmentally sustainable design.

Developer Axiom Properties has agreed to a standstill arrangement with its financier over its half-owned Gepps Cross Bulky Goods Centre in Adelaide.

PRIVATELY owned property developer and investment firm, The Lester Group, has backed its positive view of the commercial property market by agreeing to buy an $8.5 million Subiaco office building.

THE Master Builders Association has backed Western Australian builders’ handling of the $16.2 billion Building the Education Revolution schools program, following claims of price gouging by builders in other states.

WESTERN Australia’s town planners have shifted their focus from metropolitan residential planning to infrastructure and regional projects as a result of lingering effects of the financial crisis.

Salta Constructions has commenced court action against Saracen Properties over the Raine Square dispute.

WESTERN Australia’s top interior designers are looking to diversify their focus away from commercial office fit-outs to government, leisure and hospitality work as the number of new office buildings coming to market peaks.

With a potential boom looming, industry is questioning the state government’s industrial land priorities.

THE Town of Cambridge has introduced a priority building approvals process, which will allow residential applications to be assessed within five days.

Saracen Properties is expected to announce a replacement builder for the $500 million retail and office development Raine Square within the next two weeks.

The Pilbara town at the centre of the state's resources surge, Karratha, has seen its median rent jump to $1,600 a week in the March quarter.

The vacancy rate for rental properties in metropolitan Perth has eased in March due to diminished stock rather than increased demand.

Property researcher RP Data says Perth's house prices are cause for concern as Armadale, Parmelia and Brookdale are found to be the cheapest suburbs in the metropolitan area.

THE Hyatt Regency Perth has launched its most extensive redevelopment program in 20 years, with the hotel’s owners investing $9 million for renovations.

INNER-CITY apartment owners have been forced to cut rents and improve dwelling presentation in order to attract tenants in a competitive market.

THE Asbestos Diseases Society of Australia has welcomed the strengthening of Western Australia’s occupational health and safety laws aimed at ensuring only licensed workers with the proper skills can remove asbestos.