Property

Property developers Cedar Woods and Peet have posted their full year results, with both disclosing the impacts of COVID-19 on sales and construction starts.

Westgem Investments, the property developer behind the $500 million Raine Square project, has lost its battle over damages claims relating to the project, with the Supreme Court ruling in favour of the Commonwealth Bank.

Liberty Flexible Workspaces has launched a new location in West Perth, as well as expanding its footprint in the CBD.

Westfield shopping centres operator Scentre Group and property company Stockland have both reported write downs on the values of their assets, pointing to the impacts of COVID-19.

Perth-based developer Okeland Communities has launched an expressions of interest campaign for the sale of its 700-hectare masterplanned community in Queensland.

Little Creatures co-founder Howard Cearns told Business News he had teamed up with property developer Adrian Fini to establish a film hub in Western Australia.

A three-storey vertical garden was just one of the features Stirling Capital and MJA Studio hoped would challenge perceptions of apartment living at its Verdant project.

Property group Vicinity Centres has reported a net loss of $1.8 billion amid retail closures and declining visitor numbers at its shopping centres.

Rebecca Moore will have the opportunity to shape the future design of Perth, after being appointed the state’s new government architect today.

Perth’s residential rental market vacancy rate has dropped to 1.6 per cent - the lowest vacancy rate since March 2008, according to the Real Estate Institute of Western Australia.

Reaching an ambitious 90,000-resident target by 2050 for the City of Perth requires rate cuts and a city deal, according to the Property Council of Australia WA Division.

Appetite for childcare centre properties is increasing in WA, but some players warn sector maturity won’t come without growing pains.

A proposal to develop 262 apartments and a new 113-room hotel spread across several towers at Cockburn Central has been given the green light.

A renewed focus on Hay Street Mall’s heritage-listed upper floors could unlock more investment and redevelopment opportunities.

Blackburne has appointed Multiplex to build its One Subiaco development on the former Pavilion Markets site, with 80 per cent of apartments already sold.

Perth’s latest office vacancy rate increased marginally since February, but the state's CBD and West Perth markets took out the top spots for most vacancies in the country.

The country town of Bindoon could be home to a new $100 million country club that features a Formula One-inspired race track, with Sotheby’s International Realty on the hunt for a joint venture partner.

DevelopmentWA has recorded a surge in regional lot sales within the first week of the state government’s $116 million land package.

The developers behind the $320 million apartment project planned for the Chellingworth Motors site in Nedlands have lodged an application with the State Administrative Tribunal.

Mineral Resources will pay $60.5 million for its new headquarters at Walters Drive, Herdsman.

PACT Construction has been awarded the building contract for Edge Visionary Living’s Eden East apartment project in Floreat.

Apartment developer Finbar has halved its profit guidance for FY20, citing high construction costs of low-rise projects and the effects of COVID-19 on fourth quarter sales.

A desire to improve the lot of fly-in, fly-out workers on site was the catalyst for Terry Mulligan’s new business venture, Eco Cosy Cabins.

COVID does not appear to have dampened investor appetite for the state’s neighbourhood retail centres in 2020, achieving $110 million worth of sales to date.

Housing minister Peter Tinley shut down hopes of a potential stamp duty substitute in the near future at a property industry event earlier this week.

The Carramar Village shopping centre in Perth’s northern suburbs has been sold for $33.5 million; a move CBRE says represents the largest Perth shopping centre sale for 2020.

Birchmead Property Group has purchased 16 hectares of industrial land in Rockingham from DevelopmentWA for $22 million.

Mineral Resources' move to Subiaco appears doomed after the mining services company agreed to terms this week with construction giant BGC on a property in Walters Drive, Herdsman.

A funding shift for Western Australians living with disability has given rise to a new asset class.

Nearly half of Western Australia’s major shopping centre retailers are operating on reduced hours despite relaxed COVID-19 restrictions, according to a study conducted by Y Research.

Housing loan commitments rose in June, as coronavirus restrictions eased and normality returned to auction markets.

Perth achieved 3,322 new lot sales during the June 2020 quarter – the most land sales the Urban Development Institute of Australia WA has ever recorded for a quarter.