Property

The capital city outpaced national home price growth to hit a new high in median value.

Real estate consultancy firm boss Jeremy Robotham says greater population growth could translate into a significant boost for the state's commercial property sector.

The Town of Cambridge is set to sell Ocean Village Shopping Centre car park to developer Blackburne for $8.9 million after councillors approved the transaction during a volatile meeting.

The $12 million sale of a beachfront property at Siesta Park on Geographe Bay shows the holiday region remains a prize destination for the conversion of equity fortunes into land.

Victorian investors have snapped up the Central Avenue complex for $2.64 million.

The $33 million facility has been given the green light by the state’s planning body after local council backlash.

A JDAP has given the green light to the 33-apartment complex, which was met with some community opposition.

Malaysian developer Victor Goh has commenced works on a 54-storey glass tower on the last remaining lot in Elizabeth Quay.

The sale was split between Westbridge Funds Management and an east coast investor.

Hall & Prior has relodged its proposal to build a $90 million aged care facility in East Fremantle, months after withdrawing the application from a development assessment panel.

The state government sign-off will allow for up to 1,000 apartments to be built on the historic Subiaco precinct.

Recent data from REIWA shows a record average sale time for houses of 10 days, as well as record rental yields and vacancy rates.

Perth’s planning landscape has evolved to capture greater nuance and emphasise community concerns, leaders at Taylor Burrell Barnett say.

The building company is set to close its doors, following months of speculation about its potential collapse.

The state government says it will change legislation to address a planning issue at the centre of a dispute involving a proposed Shalom House rehabilitation facility in Craigie.

Rothelowman boss Nigel Hobart says the property industry needs to innovate and at times seek solutions outside local planning regulations.

While legal action over redevelopment approval for the Ocean Beach Hotel has been ruled out, the Town of Cottesloe has affirmed a continued contest over the state government’s assessment pathway.

The Quinlivan family, behind Skippers Transport, has bought the 1.8-hectare property, which changed hands for the first time in 25 years.

Architects and interior designers are adjusting their approach in response to the unstable construction environment.

A $20 million plan to restore the heritage-listed Edward Millen Reserve in Victoria Park is back on track after "lengthy negotiations" over the lease.

Hesperia has emerged as the leading proponent to redevelop two major car parks, which covers more than 12,800 square metres of land in Leederville.

A 43,489 square metre lot in Dalkeith has been earmarked to build a three-storey centre, estimated to cost $42 million, to cater for the lack of medical services in the area.

Construction for a $27 million primary school at Newman College is on track as part of a goal to house the entire student body in one site by 2025.

Workers have been told to stay away from the 40-storey St Georges Terrace building until a water leak impacting the lifts is fixed.

New research from CBRE has shown a 0.2 per cent increase in available space in Perth’s industrial properties, but it is still the second lowest nationally.

The Town of Claremont plans to acquire the former police station site on Stirling Highway, which has been on the state government’s sale list for years.

Perth builder City Residence has become the latest building company to fail, amid a tight construction market.

Warning bells are ringing louder in the commercial property sector as access to easy money dries up and rates keep rising.

A contentious apartment plan at the Chellingworth Motors site in Nedlands, estimated at $500 million, has been green lit almost a year after it was knocked back by the same panel.

Recent data shows a 5 per cent increase in the number of homes completed in WA in the March quarter.

The local buyers, who are brothers and dermatologists, intend to transform the vacant site into a warehouse and logistics facility.

The pressure on residential construction costs has subsided in Western Australia with the state recording the lowest quarterly increase across the country, according to CoreLogic.