The Australian stock market failed to follow Wall Street's higher lead overnight, with the benchmark index falling below the 6,000 mark, leaving investors nursing the weakest start to new year trading for 17 years.
Marine engineering services group Neptune Marine Services Ltd has gone ahead with a share purchase plan seeking more than $23 million to primarily fund the recent acquisition of the Sea-Struct business.
Funds associated with New York commodities hedge fund player Ospraie Management LLC have emerged with substantial stakes in two major Western Australia companies, both outside the group's previous purely mining focus in the state.
New figures reveal that the median Perth house prices rose 1.1 per cent to a record $466,000 in the December quarter, slightly higher than the previous peak recorded in the March quarter last year.
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Mount Magnet South NL has acquired the Curara Well gold mine and other tenements in the Mt Magnet region of Western Australia for $5 million from Equigold NL.
Perth-based iron ore exploration and development company Australasian Resources Ltd has strengthened its management team with the appointment of Stephen Abbott to the newly created position of general manager.
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Patersons Securities posted a record $1.26 billion dollars in capital raisings last year, up more than 50 per cent on the previous year and a result that has returned the Perth-based stockbroker to the top position for equity capital raisings during 2007.
Western Australia’s commercial office market notched up almost $1 billion in sales last year, and while some analysts predict the same heights may not be reached in 2008, market fundamentals indicate that strong growth is likely to continue.
The performance of WA's industrial property market during the past 12 months has more than matched the commercial sector, with record sales and rents being generated, although prices are tipped to level out as more supply comes on to the market in 2008.
PEET Ltd has launched its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.
The Melbourne-based builder behind Perth’s iconic $1.3 billion Capital Square apartment development on the former Emu Brewery site, Contexx Pty Ltd, has pulled out of the project, leaving developer Saville Australia to negotiate a new contract.
The crisis in the US housing market has led to mounting concerns about the global economic outlook, but recent analyses have concluded that Western Australian exporters have little to worry about.
VICTORIA Park-based property group Tasica Developments Ltd has launched a prospectus to raise up to $5.5 million to help fund the development of a 75-lot residential subdivision in Baldivis.
Former Evans & Tate executive chairman Franklin Tate is poised to make a comeback to the wine sector this year with the launch of a wine distribution business.
The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of I
BankWest Kewdale Business Centre has appointed Eddie Bencic as regional manager. Mr Bencic has worked for BankWest for the past two years and was previously with Commonwealth Bank for 26 years.
It is fitting that the life and legacy of Sir Charles Court, the trade unionist’s son who became Western Australian Liberal premier, be celebrated when the state is in the midst of an unprecedented time of economic prosperity.
With only 7,000 square metres of office space remaining in the CBD and West Perth, and rents already passing $800 per square metre this year, property analysts expect developers will head for Perth’s fringe suburbs to boost office stock
Atomic Resources Ltd - Thomas Neff and Patrick Michaels have been appointed as directors. Azumah Resources Ltd - - Non-executive chairman Stephen Stone has been appointed as executive chairman.
Wine pioneer Dr John Lagan was a hard-working wine enthusiast rather than a businessman, according to his son, Conor, who joined members of the wine industry, former patients and friends at a memorial service for his father last week.
As popular commercial suburbs put up the ‘no vacancy’ signs, many businesses have been forced to look to neighbouring areas to find space to accommodate their growing enterprises.
The Australian Property Institute, in conjunction with Finsia, is holding its fifth annual residential property outlook breakfast, January 31 at the Perth Convention & Exhibition Centre.
An up-market wine bar planned for Leederville’s Oxford Street has been stopped in its tracks after the Town of Vincent rejected planning approval, leaving its developer nursing $30,000 in costs and considering taking the business to Melbourne or overseas.
Western Australia’s robust non-residential property market has delivered a tax windfall to the state government, although rising costs have partially offset the gains, according to the government’s mid-year budget review.
