Property

The weekly median for rentals reached $575 last month, reflecting the ongoing changes in Western Australia's realty sector.

Former AFL players Will Schofield and Chris Masten alongside hotel operators and wine distributors are seeking to establish an ‘urban winery’ and restaurant in the heart of Fremantle.

Fremantle property developer Yolk Property Group is seeking approval to build a four-storey townhouse and accommodation complex valued at $9 million.

Perth will deliver 43,000 square meters of retail space over the next three years, limiting options for renters but raising profits for retail landlords.

A hotel, retail precinct and more than 300 dwellings could be on the cards for a 16-hectare waterfront site situated on the state’s south coast.

Gary Dempsey has submitted a proposal for a 12-storey apartment building in Scarborough, with an expected end value of $80 million.

The city’s home value index has grown by 0.9 per cent, exceeding national growth of 0.8 per cent in August.

Another debt-laden Chinese property developer is on the brink, with potential repercussions for Australia and the world.

A rise in failed builders has led to more indemnity claims, but taking on the stalled work can be fraught.

Booming interest in a big box Pilbara business park has spurred a new land release which could net ratepayers $1.75 million.

Angela Bennett’s private company AMB Holdings has cleared a planning hurdle for its $20 million office move to another western suburb.

A proposal to house 152 workers near Kalgoorlie has been deferred for a second time, as authorities consider legal advice.

Celsius Property Group has again scaled down its North Perth apartment project following community opposition to its earlier designs.

More affordable housing is flagged for Gosnells after QUBE Property Group acquires a 4.22-hectare site from a Nedlands couple.

The buyers of the Seasons of Perth Hotel have revealed plans to extensively renovate and rebrand the asset ahead of reopening in 2024.

Construction of a sorely-needed workers village in Kalbarri is back to square one, with the state government ending negotiations with the Perth firm penciled in to build it.

A $4.5 million loss incurred on the sale of the El Caballo lifestyle village has triggered a dispute between the South West Aboriginal Land and Sea Council and Equity Trustees.

As issues of housing stress intensify, developers are finding ways to help in a constrained market.

Strong settlements have led to a 34 per cent rise in the land developer’s profit to $70.1 million in FY23, but a drop in lot sales this year could hit its future bottom line.

The building industry watchdog will pursue the cancellation of Modco Residential’s builders’ registration following liquidators being appointed to wind up the failed building business.

The property developer posted a $31.6 million profit for FY23, down from $37.4 million last year, but is seeing promising signs of growth into the next financial year.

Mining heiress Angela Bennett’s private company AMB Holdings is eyeing an expansion, proposing to build a $20 million office and apartment development in Swanbourne.

The property developer is set to develop a residential estate on 491 hectares in the area.

The mining giant is believed to be planning to exit its East Perth headquarters to move to a St Georges Terrace building.

A nine-storey apartment block a stone’s throw from Subi Strand has been endorsed again after the developer initially failed to get a time extension for a lapsed approval.

Scope Property Group has bought an Australian Marine Complex site for $4.35 million.

The property fund says its agricultural assets and credit arm have helped the company grow its assets under management to $21 billion.

Failed building business Modco Residential’s glamorous co-founder Cynthia Lu is claiming she is owed $2.5 million from the collapsed residential building company.

Perth architect Barry Baltinas has added another Cottesloe project to his portfolio, a seven-storey development next door to another one of his Marine Parade build.

The state government’s Building and Energy department has released its findings from an investigation over pipe leaks across Perth homes, with the results welcomed by builder BGC.

Embattled builder Modco Residential could allegedly owe about $5 million to up to 50 creditors as its co-founder spruiks interest in reviving the collapsed residential building business.

The property fund’s WA assets account for $18 million of the reduction in book value.