Property

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.

The Elizabeth Quay and Melbourne hotels are expected to fetch $500 million.

Western Australian house and rental prices are expected to continue rising with properties selling at their fastest since 1998, new data has shown.

Billionaire Kerry Stokes is set to acquire a laneway behind his company's Australian Capital Equity building, which has been public access for decades.

Listings for Perth property has hit a record low with numbers dwindling amid sky-high demand, a buyer's agent claims.

The real estate group's head of capital markets and managing director of the company for a decade is moving on after 27 years on the job.

A shed and patio business affiliated with former West Coast Eagles player Andrew Donnelly has attracted 60 complaints from customers since March 2022, according to Consumer Protection.

The volume of houses and units approved reached 994 in WA last month, as approvals fall to levels not seen since the 1980s.

UWA student accommodation provider St George's College has launched legal action against Palassis Architects and other defendants over allegations of building damages.

The property industry expects WA to have the highest volume of forward works and house price growth in the next 12 months, a recent survey revealed.

A transport and logistics company has bought the industrial site with a view to relocate there.

An east coast family has purchased a medical centre in Cockburn Central from a local investor.

Perth entrepreneur Steve Tobin has sold his prized Aravina Estate six years after he first put it on the market.

The Supreme Court of Western Australia has ruled over a dispute on the $21.5 million sale of a Perth CBD site that was formerly earmarked for the first Holiday Inn Express in Australia.

Civil West Construction, linked to MGroup's construction arm Marawar, has entered voluntary administration this week.

Perth's home value index has risen for the fourth consecutive month driven by an undersupply of new listings and record fast sales.

A $65 million proposal to expand to BHP's Port Haven Village accommodation in a bid to house more than 450 workers in Port Hedland has been approved.

There's growing interest in alternative building practices and methods during the state's housing shortage.

A 21-storey apartment development aimed to activate the West Perth precinct has been green lit by a development assessment panel.

Another luxury retail store will make itself home in Perth's CBD after Lease Equity brokered a deal for Christian Dior to open its first boutique in WA.

Fini Group has set its sights on a 3,463 square metre site in Margaret River to build a hybrid hotel, estimated to cost $8.5 million.

Industry watchdog Building and Energy says it has been investigating concerns regarding residential builder Flexible Homes, which went into liquidation this week.

The move marks the second major leasing deal in a month for the 43-storey tower, and follows the departure of oil and gas giant Chevron.

New independent business Sterling Property will work across commercial, retail, subdivisions, social infrastructure and industrial real estate in WA.

The Tim Willing-led property developer plans to build its $80 million pipeline of work via its new construction division.

The WA Supreme Court has dismissed claims that the voting process on the Gloucester Park land sale was breached but the trial has caused months of delay on the project.

Industry groups have welcomed the state government's interim measures to reduce inconsistent public open space policies across local governments in Western Australia.

The ABN Group-owned company says it expects to make some redundancies.