UNDERLYING demand in Perth’s CBD office market is set to be boosted by the return of institutional investors in 2010, while supply constraints will ensure the office vacancy rate does not reach its forecast levels of 15 per cent, according to a leading ma
Shares in real estate and property development outift Cedar Woods Properties climbed more than 7 per cent today after announcing a stronger than expected first half result and a full year profit forecast of approximately $15 million.
Residential land in the South West region of the state is among the 10 most expensive regions across the country as land prices in Perth dipped 0.7 per cent in the September quarter, a new report shows.
Housing groups and mortgage brokers have been joined by the federal government in welcoming the central bank's decision to leave the official interest rate unchanged, the former saying it is an opportunity to see the effect of previous increases.
Listed property developer Finbar has been drawn into the collapse of a Japanese-owned language college GEOS, which was a big commercial tenant of the group.
Perth-based PRM Property Holdings has been chosen to partner with LandCorp to construct 100 homes at the Bluff Point suburb within Geraldton in preparation for the $4 billion Oakajee deepwater port and rail project.
The residential property sector in Perth appears to be on the cusp of another boom with a housing group forecasting a recovery in detached housing starts this year while a new house price gauge surged 11.5 per cent over the past year.
A new set of figures by RP Data and Rismark International has shown Perth's median house price has risen 6.5 per cent to $490,000 during the month of December.
The median price of a house in Perth has surged 8.7 per cent over the past year with Churchlands and Guildford some of the fastest growing suburbs in Perth, while the median unit price has hit an all-time high.
A FLURRY of activity in the prestige property sector is a sign of the overall strength of the Western Australian economy, according to a leading western suburbs-based high-end property specialist.
THE nationally based developer for stage one of the Alkimos regional city project says it will use the project as a catalyst to launch its Western Australian expansion.
Land Minister Brendon Grylls has called for expressions of interest from Kimberley builders to build house and land packages at the award-winning Januburu Six Seasons residential estate in Broome.
SUBIACO’S Australian Fine China redevelopment will set new standards for environmentally friendly and sustainable design, according to the Subiaco Redevelopment Authority.
PERTH’S median house price is expected to break all records in 2010, as last year’s shortage of available finance for developers puts the squeeze on metropolitan housing stocks.
Residential building activity is picking up as latest final figures for construction activity in the residential sector showed Western Australia lagging behind every other state and territory.
The recovery in the state's housing market is expected to boost sales of Viento Group's property developments in Southern River and Henley Brook, which hold a combined 855 lots.
Lend Lease Group has won a bid to become the preferred proponent for the first stage of the $400 million new Alkimos residential development, north of Perth, while Mirvac and the Satterley Alkimos Consortium have been named as reserve proponents.
Modular builder Nomad Building Solutions has today announced the appointment of Brett McDonald for the newly created chief executive role for the eastern states.
The City of Perth's planning committee has proposed inviting various local design firms to develop ideas to change the city's image, picking 12 spots, including Jacobs Ladder and Langley Park, as areas that could be enhanced.
PLANNING Minister John Day has released new inner-city development guidelines that will shape the city’s major projects, including the Northbridge Link and the Riverside developments.
WESTERN Australia’s residential property sector will experience a period of modest growth in 2010, but despite a shortfall between construction starts and underlying demand, industry groups are not expecting a return to boom conditions.
INTERNATIONAL architecture studio Woods Bagot has credited a year of global success to the international opportunities taken by its Western Australian architects.
Buyers will this year be able to start reserving blocks at the Perry Lakes Stadium site, where preliminary works to transform the area into a housing estate is about to begin.
The state government has released the East Perth Redevelopment Authority's new guidelines designed to meet the needs of inner-city development for six project areas including The Link, the Perth Cultural Centre and Riverside.
Port Bouvard has refinanced its existing bank facilities with St George Bank to the tune of $167.6 million, renewed until the end of 2011, allowing the property developer to focus on progressing the development of its flagship assets in Western Australia.
As 2009 comes to a close, major construction companies are exploring new opportunities in the public sector to offset the expected downturn in commercial building.
COMING off the boom levels of residential construction experienced from 2006 until 2008, the past 12 months has been a slow period for the building sector, according to industry analysis.
Latest data from the state's real estate institute indicates Perth's median house price is heading back to the peak level it achieved in December, 2007 on the back of strong sales turnover among more expensive homes.
Port Bouvard joint chief executive Matthew Perrott has resigned less than a year after his appointment, as the property developer continues to hold talks with St George over its debt funding.
The state government has used $17.8 million from stage two of the federal government's Nation Building Economic Stimulus package to build 50 new affordable homes in Mirrabooka, Housing Minister Troy Buswell said today.
Home buyers looking to enter the market are being told houses in Perth and Brisbane will offer 'bang for your buck' as the roll back of the first home owners grant boost has had little effect on the lower-end of the market.
