Perth’s hotels market has been tipped to be one of the weakest in the country in 2019, with average room rates, occupancy and revenue per room all forecast to fall during the next 12 months.
PODCAST: Mark Pownall and Mark Beyer discuss 40under40, EPA carbon shift, biotech, KPMG buys Ferrier Hodgson, Optus stadium, executive remuneration, and our special report on oil and gas.
Perth recorded 1,609 lot sales for the September 2018 quarter, up by 8.5 per cent for the quarter and 2 per cent from a year prior, according to the latest Housing Industry Association–CoreLogic 'Residential Land Report'.
Plans for the first stage of Golden Group’s $3.8 Belmont Park development precinct have been lodged for approval, with the first two buildings comprising residential towers of 32 and 27 storeys.
Residential property values in Perth are likely to continue to fall throughout 2019 before bottoming out in 2020, according to CoreLogic analyst Cameron Kusher, continuing the longest and largest price correction in the city’s history.
Oil prices were mixed overnight, lifted by solid demand and output cuts led by the Organisation of the Petroleum Exporting Countries though gains were capped by an ongoing surge in US supply.
Gold fell more than one per cent overnight, slipping below $US1,300 for a second time this month, as fears of a "no-deal" Brexit faded and the US dollar gained versus the pound ahead of a vote to extend the deadline for Britain's exit from the European Union.
The S&P 500 has slipped, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge.
David Flanagan has moved to a new executive chairman role at Battery Minerals, making way for former Atlas Iron chief operating officer Jeremy Sinclair to become managing director, among several board changes at the graphite company.
40under40: Building a pharmacy empire in the north of the state is simply a by-product of Hannah Mann’s determination to make a positive impact in remote health.
Online LNG marketplace GLX has announced a partnership with US-based information service OPIS to create LNG indices, a week after Woodside announced it had invested in the platform.
Emissions guidelines for a series of Western Australian energy mega projects are still unclear after the Environmental Protection Authority announced it would withdraw its net zero carbon policy, released last week, and head into months of consultation.
Commonwealth Bank of Australia is suspending the demerger of its mortgage broking and wealth management businesses to focus on customer remediation and implementing the recommendations of the royal commission.
AMP Capital has acquired a 50 per cent ownership stake in the private company that developed Optus Stadium, adding to several other infrastructure assets it has purchased in Western Australia including Kalgoorlie prison and Port Hedland airport.
Perth-based Matthew Woods will be the joint leader of KPMG's greatly expanded insolvency practice after the 'Big 4' accounting firm finalised a deal to acquire Ferrier Hodgson. The merged entity will have 27 partners nationally and be the largest practice in WA.
The consumer watchdog is calling for an overhaul of Australia's product safety laws to help reduce the two deaths and 145 injuries it says are caused each day by unsafe products.
The head of the Australian Taxation Office has declared "integrity is everything" after the organisation was cleared of allegations it had executed a widespread cash grab on small businesses.
Oil futures rallied more than 1 per cent overnight as an unexpected drop in US crude inventory and a forecast of slower than expected supply growth from the world's top crude producer boosted prices.
Gold hit nearly a two-week high overnight as tepid US economic data reinforced views the US Federal Reserve would be patient on monetary policy, with bullion's appeal also bolstered by uncertainty over a Brexit deal ahead of a key vote.
Kimberley Pharmacy Services director and remote area pharmacist Hannah Mann has received the highest honour at this year’s Business News 40under40 Awards, being named First Amongst Equals in a diverse pool of young business and community leaders.
Western Gas is continuing planning work on a project to produce gas from the Equus field at a near-shore floating LNG facility, with a probable price tag of $US3.5 billion.
The Australian sharemarket has closed lower for a fourth straight day, after a vote in the British House of Commons cast the Brexit process into disarray.
