A further rise in interest rates next week, coupled with increasing housing prices and slow residential land releases in Western Australia, has industry analysts predicting a significant fall in housing starts in 2006-07.
BankWest’s plan to move its head office out of the iconic St Georges Terrace tower, and the subsequent decision by the half-owners to sell their share, have fuelled speculation about the building’s future.
The Master Builders Association of Western Australia has awarded the 2006 Ric New medal for excellence to Pindan director of group dwellings, Chris Lillis.
The arena at the former El Caballo Blanco will echo to the clattering hooves of a new generation of Andalusian stallions from next year, as the resort’s new owners embark on a multi-million dollar upgrade.
Momentum is building in support of Western Australia’s first indoor ski park, while the entrepreneurial pair behind the ambitious $45 million project seeks formal designs and narrows the search for a location.
Perth’s hotel market is showing encouraging signs amid a surge in new bookings, as hotel groups rush to complete refurbishments and share in the state’s boom economy.
Once considered a commercial blind spot in the heart of the city’s west end, Shafto Lane is now sharing in the spoils of a tight office market, boasting almost full occupancy and a growing lunch-time crowd.
Perth Airport lease-holder Westralia Airports Corporation is to face court in December, accused by the state government of damaging an Aboriginal heritage site during land clearing in preparation for the new $100 million Coles Myer Distribution Centre.
Developer Saville Australia is about to unveil plans for its Emu Brewery site. which is likely to feature a total of 1,000 apartments housed in three of the city’s tallest residential towers.
PRIVATE developer Pivot Group Pty Ltd has signed a strategic alliance with Axiom Properties Ltd, which will provide Axiom with the first right to acquire each Pivot development project throughout A
Perth architects Sandover Pinder are leaving Subiaco for the city’s East End after buying the historic Cremorne Arcade Buildings on Hay Street for $2.6 million in April, with plans to extensively renovate.
A decision made in March by the Town of Victoria Park to refuse a controversial proposal for a 12-story mixed-use development near the Causeway may soon come back to haunt it, according to chief executive John Bonker.
Wholesale property syndicate operator Primewest Management Ltd has bold plans for Perth’s sole Lexus dealership after buying the East Victoria Park business from New Town Toyota managing director, Joe Zito, for an undisclosed sum last week.
Litigation funder IMF (Australia) Ltd has announced the funding of the first class action on behalf of investors in the various "mezzanine" schemes promoted by Norm Carey's failed property developer Westpoint Corporation Pty Ltd.
Online real estate sites are logging on to the opportunities provided by Google Maps technology as national and local providers race to get connected to the world’s leading search engine.
Two former executive directors of local property group Clarke & Hawkins Management have split from the business to form boutique development and investment vehicle Qube Property Group Pty Ltd, taking more than $1 billion of projects with them.
Perth-based national retail advisory group Retail Pace is under new management, after former director Darryll Askworth sold it for an undisclosed sum last month.
The WA Commission for Occupational Safety and Health is proposing a tightening of regulations concerning the removal of asbestos by lowering the amount of asbestos that can be removed from a site without a licence.
Aspen Group has joined the chorus of listed property investment and funds management groups to post strong profit results, this week announcing its net profit increased 248 per cent this financial year to $34.5 million.
The City of Mandurah has delivered a record capital works budget of $29.2 million for 2006-07, out of a total budget of $75 million, to fund an unprecedented level of building activity in the growing region.
Executives from Melbourne-based Cbus Property, which is short-listed for the 140 William Street development, made the most of a recent whirlwind trip west by meeting with consortium stakeholders and gauging potential opportunities in the Perth market.
The Building and Construction Industry Training Fund is considering a boost to its industry levy to keep apprentices and trainees in jobs, following a forecast 9 per cent drop in housing approvals this financial year.
The burgeoning commercial and retail area of Myaree is fast becoming an attractive proposition for developers, with boutique residential property developer Match choosing it as the location for its first foray into commercial projects.
Norma Road in Myaree is set for a significant change if the City of Melville’s proposed re-zoning for the area is given the go ahead by the Western Australian Planning Commission.
Satterley Property Group is looking at its next big Busselton development, earmarking 260 hectares adjacent to the region’s airport for a mixed use project.
A former Wesfarmers Premier Coal mine near Collie will reportedly be the first in Australia to be rehabilitated and transformed into a freshwater lake and premiere recreation area.
Developers are making moves in the laid-back fishing town of Lancelin in the lead up to the state government’s planned extension of the coast road between Lancelin and Cervantes, scheduled to begin next year.
Landowners in the South West with property lying in the path of the Water Corporation’s proposed 110-kilometre Yarragadee water pipeline received notice this month of the corporation’s intention to clear a 20-metre wide corridor through paddocks.
Perth’s industrial sales agents are being forced to ride out a land supply shortage across the metropolitan area as several factors combine to put further pressure on already diminishing stocks of three- and four hectare lots.
