Property

WA’s Westbridge Funds Management has divested one of its industrial assets in Victoria, pocketing $30 million from the transaction.

Embroiled home builder Nicheliving’s tax bill has surpassed $7 million, the tribunal was told, with lawyers set to meet again next week.

The developer’s plan to demolish several dilapidated shop fronts in Subiaco has been rejected by planning authorities, eight months on from its deferral.

The construction industry has welcomed an extension of a subsidy program that attracts skilled workers to the sector.

Perdaman will funnel $122 million into construction of 100 new homes in Karratha as part of a broader push to ease a crippling housing shortage in the Pilbara city.

The property developer’s proposed precinct structure plan proposes seven towers of up to 20 storeys.

Records show that an entity owned by Regent Motors boss Tyson Sutton bought the Osborne Park property for $19 million this year.

The Agency Group Australia is on the hunt for a boss, following the company terminating Geoff Lucas’ contract, effective immediately.

A shadow has been cast over the $8.5 million project, with the developer citing “commercial challenges" around the tourism industry.

Place Development Australia’s $13 million plan for a tavern, microbrewery and short-stay accommodation has been approved.

The peak body for the construction industry in WA has echoed calls for a dedicated building and construction visa pathway nationally.

Industry has welcomed the state government’s changes to the metropolitan region scheme, which aim to lessen the approvals burden on projects.

The price of a new block of land in Perth has hit $305,177, as a lack of supply continues to impact the market.

Woolworths’ development arm, Fabcot, is set to build the state’s first online Woolworths warehouse, following planning approval.

The company at the centre of a long-running dispute with Perth home builder BGC over responsibility for thousands of burst pipes has been hit with a class action.

Tuan Sing Holdings is launching its Residence brand into Perth, bringing serviced apartments and short-stay accommodation to the former Hyatt site.

The $16 million, 10-storey proposal was assessed by a development panel today following its deferral in May.

Brett Mason spent 20 years at the helm of the construction giant.

The Nedlands property fund is raising capital to fund the transaction, estimated to be $35 million.

A CIMIC subsidiary has proposed a 1,311-room, six-storey accommodation village, valued at approximately $550 million.

The transaction brings the Subiaco-based syndicator’s funds under management to $960 million.

The city has continued to rise at a faster rate than any other capital, with a 2 per cent increase in CoreLogic’s index to a $773,335 median.

The city was one of three capitals to record an increase in office vacancy, with a 0.8 per cent rise in the last six months.

Saracen Properties will tweak its $27 million Ocean Reef Shopping Centre design after receiving the green light from an assessment panel.

The property giant has leased 300,000sqm in FY24, including 120,000sqm in WA, via its industrial fund.

Nicheliving’s building registration renewal has been refused due to financial concerns, as more than 230 homes sit incomplete across the state.

Hanssen has failed to appeal a long-running strata dispute over a Victoria Park property, which left the builder with a $7.6 million bill.

Prime Minister Anthony Albanese has dodged questions on property tax reforms, and conceded newly minted housing Minister Clare O’Neil could “have other measures”.

Experienced property executive Dean Mudford has been appointed to the helm of DevelopmentWA for a five-year term.

Sterling Property looks back on its decision to form an independent agency a year on from the move.

The development includes 247 apartments across two towers and a retail and hospitality component.

The WA syndicator has purchased a Subiaco office building from two separate owners.