SPECIAL REPORT: WA is continuing to boast a strong aged care development pipeline, and the completion of multiple major developments has meant an increase in bed numbers for some providers.
The total number of home loans rose by 2.4 per cent in Western Australia last November, against a 0.9 per cent fall nationally, according to the Australian Bureau of Statistics.
The Supreme Court has found prominent land developer and real estate agent Colin Heath breached his fiduciary duties in regard to his role in long-running land development ventures with the Godecke family.
Jason Burns Homes has been fined $20,000 by the State Administrative Tribunal after the father-and-son building partnership failed to rectify defects at three new homes.
Western Australia’s revamped strata regulations have made it easier for property owners to sell together and realise a higher premium than if they sold individually, particularly in strategic locations.
The property industry is more confident in Western Australia than many other parts of the country, but some in the sector are warning that major policy changes could damage this outlook.
Seven out of the 10 Perth suburbs to have achieved the largest median house price increase in 2018 have at least a 37 per cent higher sale price than the overall Perth median of $505,000, according to the latest Reiwa data.
Finbar Group has announced an on-market share buy-back program under which the company could spend about $16 million repurchasing 7 per cent of its own shares.
Shares in Bentley-based Quantify Technology were up as much as 14.3 per cent today after the business signed a deal with Taiwanese company Foxconn Technology to progress towards manufacturing of its intelligent building management gadgets.
Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.
SPECIAL REPORT: Paul, Nathan and John Blackburne are proving that they don’t have to work for the same company to leave a family legacy in Perth’s property industry.
Engineering contractor Westforce Construction has purchased two adjoining properties in Welshpool for $4.2 million, as the company plans to expand its business.
Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.
Georgiou Group has been awarded a $42 million contract to build new facilities at Hollywood Private Hospital while Pindan has been appointed as builder for a housing project in Manjimup.
The federal government has forced the sale of 30 properties in Western Australia worth nearly $50 million, which were illegally acquired by foreign nationals since 2015.
The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.
Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.
Having sat vacant for the better part of a decade, the 111-year-old North Perth police station is again a place where lessons are learned, with EMCO Building having converted the site into an early learning centre.
FBR and Caterpillar have terminated their memorandum of understanding for Caterpillar to build and distribute FBR’s robot bricklaying machines worldwide.
Subcontractors WA chair Louise Stewart has welcomed the state government’s decision to expand the use of project bank accounts (PBAs) to protect subcontractors, but is pushing for the introduction of legally binding statutory trusts.
The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.
