The state government is making a major push for more medium-density housing, but market conditions and community sentiment loom as major hurdles for developers.
Perth-based property group Australian Development Capital (ADC) has acquired the Belmont headquarters of international rail solutions group Hitachi Rail in an $18 million transaction.
Iris Residential is preparing to launch a $130 million apartment project overlooking Claremont oval after the State Administrative Tribunal overturned objections raised by the development assessment panel and the local council.
House values are predicted to rise next year in every Australian city except for Perth, which could experience a further 5 per cent decrease, according to an economics report from HSBC.
Public art plays a key role in efforts to increase vibrancy and liveability across Perth, with developers willing to contribute if it makes sense for their projects.
A new land and house development is set to revitalise the former Kinlock Primary School site in Ferndale, with Yolk Property Group and Ventura Home Group appointed as project managers.
Western Australians have built smaller homes over the past year, with the average house size falling 6.9 per cent, according to a recent report from CommSec.
A focus on safety and efficiency has helped Tensa Equipment spin-off Roborigger win an unprecedented three of four sponsored platinum awards at this year’s Innovator of the Year ceremony, including the Business News ‘Great for the State’ award.
Subiaco’s apartments market is running hot, with Blackburne racking up rapid sales success at its $280 million One Subiaco development and boutique developer Celtic Properties launching an 82-dwelling development on Roydhouse Street.
Building surveying company Resolve Group and its two directors have been fined a total $35,000 for negligence after signing off on three buildings that failed to meet fire safety requirements.
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.
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.
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.
