Property

Five bidders have been shortlisted to build the state’s first Medihotel at the planned Murdoch Health and Knowledge Precinct, with the successful tenderer to be announced mid-year.

Adrian Fini’s development firm FJM Property is gearing up to launch the third stage of its Knutsford Precinct, near Fremantle, which was last year named as one of the best infill projects in the nation by the Australian Institute of Architects. 

Pindan Capital has booked a near-$9 million profit after selling an office building in Sydney for $22 million.

A foray into the mid-level market is paying dividends for luxury homebuilder Brian Burke Homes. 

UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities today.

Perth-based property investment group Metro Invest has created a new class of asset, tapping into the increasing demand for space as backyard sheds and workshops disappear from the suburbs.

Aldi, JB Hi-fi and Harris Scarfe will anchor a $100 million extension of Midland Gate Shopping Centre, with construction to begin later this month.

OPINION: Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 555. The overall 14 per cent fall in weekly sales is attributed to a 17 per cent decrease in sales for houses and a 23 per cent decrease in unit sales, despite a 17 per cent increase in vacant land sales over the week.

Local builders say they’re disappointed by the state government’s decision to axe a $5,000 boost to the first home owner’s grant, with one of Western Australia’s peak housing bodies describing the

A slight improvement in economic conditions helped regional Western Australia’s regional median house price improve in the previous quarter, Real Estate Institute of Western Australia president Hayden Groves says.

Construction will start on Sirona Capital’s $270 million Kings Square Fremantle revitalisation project in August, with national construction contractor Probuild signed to carry out the works.

ANALYSIS: The fortunes of an iconic residential property developer are a pointer to the health of WA’s economy.

Engineering and construction contractor Decmil Group has sold its Osborne Park headquarters to Primewest Funds for $27.5 million.

Diploma Group has been granted a two-week lifeline to finalise its plan to provide a return to creditors of the collapsed building and development firm.

A move towards larger holdings in well-serviced industrial estates is bringing optimism to the sector.

Perth's upcoming development pipeline has a distinctly international flavour.

Prendiville Group has completed the fourth major redevelopment of a property in its portfolio in as many years, with East Fremantle’s historic Tradewinds Hotel having undergone a significant facelift.

WA’s property sector is keenly awaiting the new state government’s public transport works program. 

Scarborough’s sand dunes have gotten an 11th hour reprieve after the state government honoured an election commitment to rework planned road extensions, while businesses disrupted by a $75 million redevelopment program along the beachfront have been given a lifeline.

The cost of developing land needs to be reduced to properly address housing affordability, according to the new national chief executive of the Master Builders Association.

OPINION: Sales activity was up over the week, with Reiwa members reporting an increase in weekly sales to 725.

A third student accommodation project has been proposed for Perth’s CBD, while a Hong Kong-based developer has been enlisted to build a residential, retail and entertainment complex as part of the Metropolitan Redevelopment Authority’s latest efforts to get things moving at the Perth City Link.

Multiple public holidays in April are considered a likely contributer to a soft housing market for the month, with Perth house prices slipping into negative territory again amid a slowdown across the country.

Brookfield Property Partners has used the vacant level four at 108 St Georges Terrace to showcase the latest in international office design.

Property players are recalibrating their executive teams across the city, with a series of high-profile moves punctuating new strategies in 2017.

SPECIAL REPORT: Two home-grown WA building companies are celebrating four decades in the business this year.

SPECIAL REPORT: Competition is ramping up among the state’s commercial builders, as different strategies emerge to fill order books.

A major Malaysian property developer is eyeing Perth as a launchpad for an entry into the Australian market, off the back of a $14 million acquisition of a development site in Leederville.

Fresh research shows apartment residents are increasingly moving towards larger dwellings, but one of the city’s top sales executives says there remains a market for all apartment types.

A Perth real estate agent who forged signatures on fake contracts to pocket $30,000 has been banned from working in the industry for 15 years.

National Storage REIT intends to acquire two properties in Perth for a combined $17 million while confirming plans to develop two further sites, believed to be at Yanchep and Martin.

The evolution of The Western Australian Club’s former premises at 101 St Georges Terrace is continuing, with Guylian Belgian Chocolates to open a cafe in the historic building next month.