The national average shopping centre vacancy rate reached 5.1 per cent in June, up from 3.8 per cent in December, according to the latest figures from JLL.
More than 87 per cent of houses across Australia resold for a profit over the March 2020 quarter, with only a minor portion affected by COVID-19 according to CoreLogic.
Peet has announced a major restructure to cut costs, including the divestment of $75 million of non-core projects and annual savings of up to $7 million.
Perth CBD office vacancies increased during the second quarter of 2020 according to JLL, however the state is tipped to fare better than the east coast in the coming months.
The developer behind the $425 million Port Kennedy estate has appointed EMCO Building and Graham Marsh Golf Design to progress the first phase of the development.
Aussie Home Loans recorded a 90 per cent year-on-year increase in Western Australian home loan inquiries in June, following federal and state government housing stimulus packages.
The state government will provide up to $6,000 in financial support to employers that take on an apprentice or trainee previously displaced due to COVID-19.
Property developers Adrian Fini and Ben Lisle have merged their operations under the name Hesperia, with the new entity having nearly $1 billion of projects under development and a busy pipeline of future opportunities.
A $17.6 million five-storey residential development on Louise Street in Nedlands has been recommended for approval, following initial community and council opposition.
An analysis of more than 500 apartment sales over the past three years has shown apartments located in Claremont have maintained premium price points in comparison to neighbouring suburbs Subiaco, Floreat, Jolimont and Shenton Park.
The Pingelly Recreation and Cultural Centre has received the highest honours at this year’s Australian Institute of Architects WA Architecture Awards, receiving the George Temple Poole Award.
Recent research on the recycling of building materials in Western Australia has highlighted a pressing need to help facilitate behavioural change across the state’s construction sector, which is estimated to produce more than 1.5 million tonnes of waste each year.
A slate of planning reforms announced by the state government in May have now passed both houses of parliament, after negotiations with minor parties led to notable changes in how the legislation defines ‘significant’ developments.
More than 6,400 rental assistance agreements for retailers have been processed nationally in recent weeks, with Western Australia accounting for just 6 per cent of that rent relief.
Primewest has unveiled the second stage of its $100 million plan for the City of Joondalup, pushing ahead with an $80 million proposal for a 12,000 square metre office building, with parking for 150 vehicles.
Developers are pushing ahead with plans for new projects, hoping recent government initiatives aimed at stimulating the sector will help cushion any further COVID and economic blows.
As the state government focuses on streamlining approvals for large-scale apartment projects, some property developers are hoping the ‘missing middle’ won’t be overlooked.
The Housing Industry Association of Australia has forecast a recovery for Western Australia’s home building sector over the next 12 months, following a series of stimulus schemes announced by state and federal governments in recent weeks.
Australia's competition regulator says it will not oppose a planned merger between mortgage aggregators Australian Finance Group and Connective, despite holding previous concerns around competition.
Perth’s real estate leaders say the residential property market is shaping up to be more resilient to pandemic-induced fluctuations than initially anticipated.
Grange Development Consulting has unveiled plans to transform a site on Stirling Highway into an 80-apartment project, the group's second proposal on the highway following its controversial application for the Chellingworth Motors site in Nedlands.
