The Australian Institute of Architects is calling on governments to drive targeted initiatives that could stimulate the property sector, helping to accelerate economic recovery from COVID-19.
Two court rulings this month have paved the way for the continued investigation of property developers Allen Caratti and Tina Bazzo, who are being pursued by the Australian Tax Office, the Federal Police, and liquidators.
Lendlease aims to raise about $1.15 billion to guard against market uncertainty brought about by the coronavirus outbreak and has withdrawn all forecasts provided with its first-half results.
Apartments in central Perth are maintaining resale values, with a vast majority of transactions in the past three years occurring at or above the median price for all dwellings, new research has fo
The number of Development Assessment Panels will be reduced from nine to five this week, as plans to streamline Western Australia’s planning system come into effect.
The Australian Bureau of Statistics (ABS) today released its ‘Characteristics of New Residential Dwellings’ report, detailing building costs and floorspace movement over the past 15 years nationall
Michelle Prater (nee Wheatley) brings a unique perspective to the natural tension between landlords and tenants in the current market - she is a director of the country's largest car dealer and one of their largest landlords.
The value of Perth’s houses increased 0.5 per cent in the month of March, strengthening the recovery underway for the past six months, but the onset of COVID-19 means the recent gains are unlikely to continue.
Planning is again under way to determine the best use of Cape Peron, two years after Planning Minister Rita Saffioti put the kibosh on DevelopmentWA and Cedar Woods Properties’ contentious Mangles Bay Marina joint venture proposal.
Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.
Robotic bricklaying company FBR has slashed its workforce, saving $10 million per year, and postponed the construction of its first display home, which was due to commence in a matter of days.
National construction company Built has won its second major project in Western Australia this month, after entering an early works agreement with aged care operator Curtin Heritage Living.
SPECIAL REPORT: Flashpoints over increased density are reaching the urban fringe, with local community groups in outer suburbs resisting change as much as their inner-city counterparts.
SPECIAL REPORT: WA’s residential land developers are cautiously positive the market is rebounding, but likely economic disruption from the COVID-19 pandemic could press pause on the recovery.
Primewest has postponed the spin-out of a new $285 million commercial property trust, citing market volatility, with Macquarie Bank and rent.com.au among other listed companies to change their capital raising plans.
Home loans in Western Australia have reduced in value by 6.4 per cent in January, while the national figure increased by its fastest rate since mid-2019.
Western Australia’s planning system is at risk of delivering vanilla precincts that are replicas of one another if it continues its focus on policies and processes.
Perth’s residential rental market is tightening significantly, with prospective tenants offering lease terms above the listed price in some locations as supply continues to fall.
The Housing Industry Association is projecting an improvement in Western Australia’s home building market by the end of this year, citing an increase in population, building approvals and private house sales as cause for optimism.
SRG Global has secured a major portion of construction works at Chevron’s new headquarters, currently being built at Elizabeth Quay, under a $72 million contract with Multiplex.
Perth-based contractor Decmil has disclosed that its $185 million contract with New Zealand’s prisons department has ended early, with the client halting payments and seeking to apply liquidated damages.
ASX-listed developer Mirvac is shifting its focus to the Burswood Peninsula as its $350 million Beachside Leighton precinct reaches the final stages, with the company’s fourth residential building at the coastal enclave having recently topped out.
A focus on the emerging downsizers market and collaboration with some established firms has proved a successful strategy for one of Perth’s newest developers.
Property investors believe Perth has the strongest potential for growth of any capital city in Australia during the next three years, according to a new national survey.
Planning Minister Rita Saffioti’s decision to allow for higher density around Daglish and Shenton Park train stations has been described by the state opposition as chaotic and erratic, but the minister says any new development will be at an appropriate scale and respect the local character and context.
New housing finance data is painting a positive picture for Western Australia’s residential property sector, with both the value and the number of loans increasing in the last three months of 2019.
Primewest is diversifying its portfolio into agricultural assets, fresh from announcing it would spin-out five office properties in Perth and Brisbane into a new ASX-listed trust.
