Property

Rechabites Hall in Northbridge was officially relaunched as a 1,500-capacity, multi-use venue earlier this month, with the overhaul driven by former Artrage chief executive Marcus Canning.

House values rose last month in every major Australian city except for Perth, according to the latest home value report from CoreLogic.

Investors across Australia have backed Primewest’s ambitions to expand its offering via an ASX listing, with the company confirming it has raised its targeted $100 million.

Cedar Woods Properties has acquired a 43-hectare site in Melbourne’s north for $56.65 million to accommodate a master planned community of more than 500 lots.

The state government’s stimulus of the apartments sector has been welcomed by industry, but project eligibility and its likely effect on new home builds are being questioned.

Surveying firm Veris Australia has announced the appointment of Michael Shirley as its new chief executive, replacing Brian Elton who led the company in an interim role since October last year.

About 1,500 housing lots will be developed under a deal between the Department of Communities and LWP Property Group announced today, in Casuarina, Forrestdale and Treeby.

House values in Perth are expected to hit a trough next year according to the latest report from CoreLogic-Moody’s Analytics, which has pushed out its predicted recovery to 2021.

A broad suite of asset sales is high on Daniel Cooper’s agenda, but radically changing the way BGC operates is not on the priority list for the company’s new chief executive.

Finbar Group has signed a joint venture agreement with a Singapore-based developer to purchase 1,697 square metres of land in the CBD for $6.5 million, which Finbar estimates will have an end value of $71 million once developed.

Surveying services business Veris recorded a 27.8 per cent rise in underlying earnings for the September quarter, underpinned by a substantial cost cutting strategy, which has been welcomed by investors.

Thomas Building has secured works at the $17 million Tambrey Shopping Centre - the first major retail development in Karratha in two decades - and been contracted to build the $6 million Kalgoorlie Renal Hostel.

DoricJaxon Consolidated maintained a modest profit for the 2019 fiscal year, despite sluggish conditions in Western Australia's commercial construction sector.

Changing market conditions are driving a shift in strategy for WA greenfields land developers.

WA’s newest government agency has a clear mandate to deliver maximum community benefit through urban and regional regeneration.

The Real Estate Institute of Western Australia’s latest data has confirmed the dire market for Perth’s homeowners, but Floreat, Karrinyup and Mindarie were among the handful of suburbs to record a positive median price shift.

The City of Swan’s urban regeneration efforts have attracted a growing round of investment in Midland’s town centre.

A new co-working space has been launched 18 storeys above Adelaide Terrace, with Quest East Perth establishing a flexible office facility in joint venture with business networking forum The CEO Institute.

Hanssen has been fined $47,500, after a tilt-up panel fell from a Finbar Group development onto parked cars, with the construction work being supervised by someone without adequate qualifications.

Redevelopment plans for The Como Hotel are a step closer to reality, with property developer and Woolworths subsidiary ALH Group having been granted a variation on its existing liquor licence.

National developer Mirvac is spearheading a push for more affordable housing product in Western Australia, with initiatives designed to provide a stepping stone to home ownership and reduce ongoing living costs.

The Real Estate Institute of Western Australia has renewed its push to increase the stamp duty exemption threshold for first homebuyers, as part of a six-point plan it unveiled to help breathe new life into the state’s weak residential construction and property markets.

SPECIAL REPORT: Western Australia’s record housing downturn has shaken up the hierarchy of the state’s biggest builders, with ABN Group now topping the list and two new entrants making their way into the market’s top five since industry activity peaked midway through the decade.

SPECIAL REPORT: Forecasts are finally turning positive for WA residential construction, as the industry continues to evolve its offering in a new era of increased housing diversity.

AMP Capital has secured tenants for four whole floors of 140 St Georges Terrace, which has pushed the vacancy rate at the office tower to below 1 per cent.

Building and development firm Northerly Group is adding retirement living to its suite of services with its latest Perth project.

A swag of industry awards is providing a platform for Stirling Capital to demonstrate its capabilities in Perth’s challenging apartments market.

The median price of a house in Perth recorded the largest decline among all state capitals for September, with the slump over the past five years now surpassing 20 per cent, according to the latest CoreLogic data.

The proprietors of the Rose Hotel in Bunbury and the Exchange Hotel in Kalgoorlie have purchased the iconic Subiaco Hotel.

Canning Bridge is shaping up as Perth’s newest billion-dollar precinct, with a suite of new projects collectively worth $595 million adding to more than $400 million worth of development under construction or recently completed.

Gary Dempsey has Cottesloe and Scarborough in his sights as he prepares to launch a development pipeline worth more than $200 million.

Consistency across local governments and clear guidelines for decision makers are top priorities for the state government’s comprehensive suite of planning reforms.