Property

The building housing the wine store has sold to local investors in an off-market deal.

It might seem ambitious for a new business to promise to build homes for 84 customers. But that’s exactly what one salesperson did in a single month in 2020.

A major WA homebuilder has had significant sales caps in place since June 2022, while the state government says it will consult on reform options for the construction industry.

The city’s home values tracked in line with the national average in February, with a modest drop of 0.1 per cent.

Former IMP Automation Group managing director Boyne Hohenstein has had a win in the State Administrative Tribunal after a planning decision was overturned.

Changing worker requirements are driving growth in Perth’s flexible workspace realm.

The land developer has recorded a 70 per cent profit boost, but says sales have been hampered by interest rate rises and construction delays.

Another planning policy to boost infill in the housing market has been introduced with the state government set to implement quality controls for medium density developments.

Developers will face even fewer hurdles when seeking approval for multi-million dollar builds as a result of the state government’s latest overhaul of planning laws.

West Perth-based Cedar Woods Properties has reported a decline in both presales and revenue in its half-year results, but is still expecting a strong end to the year.

Perth’s office market is showing signs of strengthening.

Andrew and Nicola Forrest-led Tattarang has acquired prime Sydney land for more than $500 million, with plans to construct Australia’s first Waldorf Astoria Hotel.

Sydney-based steakhouse 6HEAD has committed to a 10-year lease at Brookfield Properties' One the Esplanade development, being the first hospitality tenant to sign up.

ASX-listed developer GDI Property Group is planning to convert the six-storey car park into apartments with a 12-storey office tower above.

Housing Minister John Carey has doubled down on his call for industry to provide more affordable housing, as the state’s housing supply shortage worsens.

GURNER Group has submitted further changes to the controversial Stirling Highway development, following a State Administrative Tribunal mediation.

Australian Unity has bought two childcare centres for a combined $13.5 million, including one of the single largest childcare centre transactions in the state.

Business News gauges the impact of rising interest rates in part one of a series revealing the pressures on borrowers and builders.

Victorian private equity group Quintessential Equity no longer intends to buy the seven-building complex from the Kuwait government.

Andrew Forrest’s private company is expected to proceed with the redevelopment of the East Perth Power Station, after Kerry Stokes’ Australian Capital Equity backed out.

A proposed apartment complex at the former Ford Motors and Matilda Bay brewery site has been revised after a panel was unable to decide on its fate last year.

More details have emerged about the causes behind the administration of Metro Homes WA (Hamlen Homes), which collapsed yesterday owing $1.4 million.

Another Perth builder has gone under, with administrators appointed to Metro Homes WA Pty Ltd, which also trades as Hamlen Homes.

The state government is working with local councils to plan for a mid-tier transport network, but its focus lies in upgrading the bus network.

A well-known Perth publican group is behind the acquisition of more than a hectare of beachfront land and its commercial buildings.

Recent moves in the industrial property sector show the market should continue to outperform this year.

As many as 300 Western Australians could fall behind on mortgage payments for each 25 basis point rise in interest rates. Click through for Perth’s mortgage map.

A $25 million revamp of the Captain Stirling Hotel site in Nedlands, including a multi-storey supermarket, has been given the green light after more than two years in limbo.

A $792 million expansion of Westfield Booragoon, which would make it the state’s largest shopping centre, has been approved by WA’s peak planning body.

The flexible workplace provider is broadening its commercial real estate expertise.

Collapsed builder Jaxon Construction is suing a Subiaco-based engineer for alleged negligence they claim led to severe cracking in a slab during construction of the Enclave Apartments in East Perth.

GDI managing director Steve Gillard has called on Australian industry to “get its act together” when it comes to addressing climate change.