Today marks the first step in Albany's quest towards constructing two much-needed hotels with the state government calling on developers to build a new luxury hotel overlooking the Southern Ocean.
Landlords are more prepared to pass rising costs from interest rate rises on to renters after the average rental growth across capital cities in the March quarter rebounded to 1.5 per cent, according to Australian Property Monitors.
Property developer Port Bouvard has again pushed back the release of its capital management strategy as the suspension on the trading of its shares enters its sixth month.
Diploma Group is set to expand its presence in the eastern end of the Perth CBD, today announcing its fourth high-rise apartment building on Adelaide Terrace, valued at $50 million.
COASTAL developments in the south-western metropolitan corridor will establish the region as Western Australia’s premium aquatic playground, according to a local MP.
A BELMONT-BASED builder is staking its claim to a niche in the competitive Western Australian homebuilding market, by doing things a little bit differently.
Despite Western Australia bucking the national trend, posting an eight per cent increase in residential dwelling approvals, seasonally adjusted, the nation's building industry bodies have warned a housing recovery can't be guaranteed.
Two separate property research organisations have released data on the value of houses in Perth, with one stating house prices dipped in the past few months while the other is forecasting the median price to pass the $500,000 mark in the March quarter.
Publicly listed agricultural property investment company, The Ark Fund, has announced a $55 million capital raising and an implementation agreement to effect its merger with private managed investment scheme player Rewards Group.
Property developer Aspen Group says it is reviewing a Perth CBD commercial development site, but stopped short on confirming whether the property has links to embattled WA tycoon Rick Stowe.
The global financial crisis (GFC) did not stop the flow of credit to consumers looking to buy houses, despite the rising cost of funding those loans and tighter lending standards, the Reserve Bank of Australia says.
New housing starts in Western Australia are forecast to grow 24 per cent this financial year but then flat-line in 2011-12, a new outlook report shows.
Fresh concerns have been raised over the sustainability of the residential property sector after new home sales in Western Australia dropped 5.1 per cent last month, a turnaround from January's figures.
Property developer Finbar Group has raised nearly $21 million which will be applied to its expansion plans in the Pilbara and continued growth opportunities in Perth.
Property investment company SAS Global Forrestdale Pty Ltd is facing further pressure after the corporate regulator cancelled the financial services licence of its responsible entity, Teys Property Funds Ltd.
Property company Finbar Group has been named by the state government as the preferred developer of a new housing project, including a 10-storey high-rise, in Karratha, valued on completion at $225 million.
A LOCAL syndicate at Ellenbrook has put forward its case for turning 2,000 hectares of vacant land north of the suburb into a light industrial and commercial hub.
THE Master Builders Association has endorsed a recommendation to create a residential land bank and restructure LandCorp to alleviate housing shortages in Western Australia.
Western Australia has dominated a property list of the top 50 best performing council areas in the country, with the median house price in the Roebourne shire of $840,000 the highest in the nation.
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.
