Property

In a sign that Perth's commercial property market may be warming up, Wesfarmers House has sold to Jandakot-based Ascot Capital Ltd for almost $85 million, although the price represents a significant discount on the property's 2007 value.

With three Liberal leaders - Matt Birney, Paul Omodei, and Troy Buswell - humiliatingly dumped since Colin Barnett's resignation after his failed bid to oust Labor's Geoff Gallop in 2005 - the Liberals have Mr Barnett again leading them.

The vision of creating one of the Asia-Pacific region's best airports - with 45 aerobridges and costing just $1 billion - has become a major challenge for Perth Airport.

Ascot Capital Ltd has bought the Wesfarmers House from Orchard Funds Management for $85 million in one of Perth's biggest property sales this year.

Higher production costs have hit Frankland River Olive Company Ltd which is looking to offload its Parmelia Olive Grove property.

West Perth-based ipernica Ltd will lend its knowledge to a Melbourne company caught in legal proceedings in the United States over its intellectual property rights.

Market volatility is likely to impact Bunnings Warehouse Property Trust's earnings in the 2009 financial year as it reported a $39.3 million fall in the fair value of investment property portfolio, in contrast to a $167.9 million rise the previous year.

Diploma Properties has joined the ranks of WA developers capitalising on the demand for apartments along Rockingham's waterfront, with plans to launch a new project later this year.

Many Western Australians, myself included, consider Ralph Sarich a household name, so I was surprised last week to discover that many people in Perth have little or no awareness of how he built his $1 billion fortune.

PROPERTY developer Marchmont has placed its Bushmead Road industrial site in Hazelmere on the market.

THE office vacancy rate in Perth’s CBD has hit another record low, falling to 0.3 per cent over the past six months, while West Perth is officially a full house, according to figures released by the P

A wave of new office projects in West Perth and the western end of the city will provide some much-needed supply to the area, which has the tightest office market in the country and a vacancy rate of zero, according to the Property Council of Australia (WA)'s office market report.

Increased building activity in Perth's suburbs will create more than 400,000 square metres of new office space over the coming years, as more tenants are pushed out of the traditional CBD and West Perth markets by record low vacancy rates.

LAST week’s decision by smallgoods manufacturer Don KRC to close its Spearwood operations next year has paved the way for a redevelopment of the site and about 60 surrounding properties.

It's hardly news that business is under-represented in the City of Perth; we've run a number of stories to that effect in recent years.

CITY Beach-based property developer Mount Lawley Pty Ltd has lost a Supreme Court appeal to revalue its 309-hectare site in Ellenbrook.

PERTH has suffered the biggest drop in house prices, falling 2.4 per cent in the June quarter, as capital city house prices across Australia decline by the sharpest rate in nearly three years.

West Perth-based Polaris Metals NL Has signed a memorandum of understanding with the Fremantle Ports that will focus on finalising the best option to export ore from its Yilgarn iron ore project at the bulk berths at Kwinana.

The Real Estate Institute of WA has quashed claims by a leading property forecaster that Perth's house prices are set to fall 15 per cent over the coming year, saying past predictions have been proven wrong.

A draft policy to reform the way contributions for social infrastructure are sourced from residential property developers has generated mixed responses from the industry, with submissions from the Property Council of Australia (WA) and Satterley Property

As the slowdown in Western Australia's housing sector continues, the number of properties for sale in the South West is rising, along with lead times on sales.

Perth's planned new sporting stadium at Subiaco could include innovative venues for the presentation of theatre and music to sports fans attending big games.

The state's aged care sector has echoed calls by the Australian Council of Trade Unions for urgent action to avoid a work-care collision as the nation's population ages.

It's a matter of debate among those in the building industry as to how far construction costs will rise during the next year, but the consensus is that the double digit increases of the past few years will continue.

The development of Coral Bay has been stalled for the past few decades, but the wheels of change have now started to turn, with site works for a village housing up to 400 people due to start in the near future.

Belmont-based solar panel distributor Solar Sales has been bought by US company SunPower Corporation, marking the Silicon Valley-based company's first entry into the Australian solar market.

Silicon Valley-based solar panel manufacturer SunPower Corporation has entered the Australian market following its acquisition of Belmont-based Solar Sales Pty Ltd.

Design guidelines for high-density housing in Western Australia are in the process of being overhauled by the state government, with a new residential design code in the pipeline and a review of the R-codes scheme due to commence.

JONES Lang LaSalle’s Perth office has made a number of new appointments in its leasing, sales and property management divisions.Jason Ridge (pictured) joins the firm as a director in the property, ass

High density development may be top of the state government's planning agenda, but the target for infill in Perth is overly ambitious and needs to be significantly downgraded, with the city likely to fall short 131,000 dwellings, according to a report fro

JONES Lang LaSalle’s Perth office has made a number of new appointments in its leasing, sales and property management divisions.Jason Ridge (pictured) joins the firm as a director in the property, ass

Tourism Western Australia has welcomed a preliminary decision opposing plans to convert Rendezvous Observation City Hotel into residential apartments.