Belmont-based property developer Diploma Group has booked an interim net profit of $941,000, a dramatic fall from the previous corresponding period's profit of $4.8 million.
NEW research by the Urban Development Institute of Australia WA suggests the federal government's first home owner grant (FHOG) needs to remain in place for 18 months in order to effectively stimulate the market for the long term.
THE long-awaited opening of the new Bishops See office building at 235 St Georges Terrace could set the tone for the move towards greener, more sustainable office buildings in Perth.
The state government will create a new director position to oversee the expansion of the Ord River irrigation scheme and associated community and social infrastructure in the east Kimberley.
The unwinding of the commodity and mining investment boom will take the lustre out of the Western Australian, Northern Territory and Queensland economies over the next few years, according to Access Economics, as the nation's economic backdrop continues t
Navitas has formed a new partnership with software companies Oracle and Delexian to implement applications for its financial services platform across the entire group.
South Hedland is set for a revamp after the government announced it has allocated $23 million from the royalties for regions fund for a redevelopment plan.
Building approvals in Western Australia have nearly halved over the past year as the latest January figures solidifies the property slump in the state.
Sales activity in the Perth CBD commercial market is gathering pace, as some real estate investment trusts look to sell assets and private investors scour for bargains.
THE Chamber of Commerce and Industry WA has denied its pre-budget submission to the state government includes a hit list of agencies it wants split or privatised.
TFS Corporation says it is on track to achieve at least 15 per cent growth in net cash earnings for the 2009 financial year as it today booked a $5.2 million half-year net profit after tax.
CHANGING market conditions have fuelled a trend towards strata property in the commercial sector, as owners respond by offering floors for sale as strata-titled stock to entice a growing number of financially constrained potential buyers.
THE Chamber of Commerce and Industry WA has named the Small Business Development Corporation, LandCorp and the state's eight port authorities as prime candidates for privatisation or review.
Aspen Group has reported an interim net loss of $42.8 million, taking a big hit from investment property revaluations and fair value adjustments for the reporting period.
Updated figures from the Real Estate Institute of Western Australia confirm that Perth's housing prices underwent four consecutive quarterly falls in median price in 2008 - something not experienced since 1982.
A PH.D project at the University of Western Australia hopes to change the way houses in bushfire-prone areas are designed by developing a structure that can survive a fire without human intervention.
The falling Australian dollar has impacted Schaffer Corporation's bottom line with the industrial company today reporting a 42 per cent drop in its interim net profit.
THREE of Perth's major sporting facilities - Belmont Park, Gloucester Park and the WACA ground - are considering major property developments to fund upgrades and secure the financial viability of their various sports.
INDUSTRIAL leasing activity held strong amidst a dramatic fall in sales through 2008, with the lack of supply of larger warehouse-style premises supporting rental values.
BC Iron has secured its first offtake agreement for its Nullagine project in the Pilbara, with the contract starting from 2010 over a minimum five-year period.
More good news for the state's property sector as new analysis reveals first home buyers in WA receive more in government incentives than any other state or territory, while quarter-on-quarter land sales in Perth jump 29 per cent.
IT might be just a small tweak to the left, but the state government's decision to go ahead with an extension to the northern rail line is likely to change the face of future suburbs all the way to Two Rocks.
CARBON credits have been a major growth area in the forestry sector, as companies move to exploit the market created by the federal government's Carbon Pollution Reduction Scheme, due for introduction in mid 2010.
THE Perth CBD is among the nation's most energy efficient business districts, with buildings in the precinct performing at levels above the Australian average in a number of key areas.
HAMES Sharley director and newly appointed member of the Order of Australia, Warren Kerr, has called for more research to be undertaken in complex building design, particularly in the area of health.
CONSULTING engineers have joined the Western Australian business community in calling on the state government to implement a long-term strategic infrastructure plan.
Great Southern says it will pursue other interested parties for the sale of a Queensland forestry estate after a private international timber fund pulled out of a $23 million deal.
