Property

Business News understands Saudi Agricultural and Livestock Investment Company and PenAgri have offloaded the 80,000-hectare Merredin Farms to a host of Wheatbelt farmers.

Backers of a $35 million race track planned on Perth’s south-eastern fringe are a step closer to getting the long-mooted course off the ground.

Scentre Group has sought a four-year extension to start the $792 million Westfield Booragoon redevelopment, citing “extenuating circumstances”.

Fiveight has submitted its $400 million-plus proposal to redevelop Perth’s Carillon City, two and a half years on from purchasing the building.

A $5 million plan by tourism identity Paul King has been mothballed, with the developer citing “unworkable conditions”.

The Indonesian-backed investment group has added to its portfolio of CBD properties, buying the asset from Jeff Leach.

A proposal to build a seven-storey apartment block in Wembley, estimated to cost $24 million, has been lodged with the state’s peak planning body.

Almost 100 home builds left stranded for more than two years have been completed after struggling builders gained access to the state government’s $15 million loan package.

A development assessment panel has unanimously backed a $15 million art and technology block plan at a private school south of Perth.

The developer plans to start construction of the nine-storey North Perth apartment project in mid-2025.

The ASX-listed developer has been given the green light to build a 12-storey apartment project in the suburb.

ABS data shows new home approvals in WA defied national trends in November.

Data from CoreLogic indicates that the capital may not experience the same rapid rate of growth in 2025.

The Nedlands property fund manager says it has not proceeded with recent major construction projects because build costs have been pushed too high.

A dispute between Satterley Property Group and the state’s peak planning body is set to enter its fifth year with a hearing to be held in the later part of 2025.

WA’s large-format retail sector is growing amid positive demographic and economic trends.

Perth-headquartered property developer Peet has extended its reach on the eastern seaboard after acquiring a large tract of residential land for $56 million.

A proposal to build an Aldi in Nedlands is in limbo after a development assessment panel was unable to decide on the $12 million plan.

The $74 million deal represents the biggest large format retail transaction nationally this year.

The Subiaco-based fund manager has sold an 809sqm block to a local developer for $2.13 million.

A Good Grocer IGA, Hungry Jacks and new child care centre could move into South Hedland by late 2026 if the plans are approved.

The long-vacant Fremantle building was purchased for $4.5 million by an entity wholly owned by Nicola Forrest.

The city’s industrial vacancy rates have increased by 0.2 per cent to 1.4 per cent, CBRE data shows.

The City of Cockburn has failed another bid to knock back a multi-million-dollar commercial centre from being constructed.

The move represents a relocation of the ASX-listed gold miner’s Perth supply base.

Subiaco-based Arise Developments has proposed to build a $170 million shopping complex in Busselton, touted as the biggest large-format retail project outside the metropolitan area.

The EPA has referred Adrian Fini's Smiths Beach plan for a public review, in what could be the community's last chance to provide feedback on the $280 million proposal.

An assetless Nicheliving entity will be wound up by liquidators after directors Ronnie Michel-Elhaj and Paul Bitdorf moved to reclaim the other outfits.

The real estate investment trust will acquire 50 per cent shares in Belmont Forum and Cockburn Gateway shopping centres, in the largest WA property transaction in three years.

The Western Australian Planning Commission has approved a $30 million student accommodation project in Crawley, in the final meeting for chair David Caddy.

A recent report has highlighted that construction costs in WA rose by 11.1 per cent this year, which was well above forecasts and higher than other states.

Premier Roger Cook has insisted under-fire Nicheliving still can’t lay a brick after the directors cleared a vote to regain control of the building company yesterday.