Office vacancies in Perth’s CBD have peaked, according to some in the commercial property sector, with markets expected to stabilise as construction of new offices slows.
The worst could soon be over for Perth’s troubled housing market, with new data hinting at a bottoming of the downturn while warning that any recovery will likely be slow.
German supermarkets giant Aldi says it will open 14 more stores in Western Australia this year, after the debut of 19 of its outlets in Western Australia in 2016.
National Storage has spent $30 million in Perth, buying the freehold interests of two of its facilities in Rockingham and Guildford, acquiring two industrial plots, and renegotiating a lease on a S
SPECIAL REPORT: The head of a new boutique land developer believes difficult market conditions provide the perfect opportunity for the business to make a splash in the market.
SPECIAL REPORT: Developers are working more closely than ever with Western Australian builders to provide a diverse range of housing options to cater for changing lifestyles in a rapidly evolving market.
SPECIAL REPORT: Last year couldn’t end soon enough for the state’s land developers, who are banking on a break from adverse conditions. Click through to see our BNiQ list of land developers.
The state government says it expects to reap about $300 million from the sale of all nine lots at Elizabeth Quay, with three offers being considered for the last vacant site.
Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.
The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.
Perth's hotel development boom is spilling out of the CBD and into the City of Belmont, but developers are encountering issues in providing enough parking to support their proposals.
Woodside Petroleum’s impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company’s logo appearing on two prominent Perth CBD skyscrapers.
One of state’s biggest residential construction firms, Builton Group, has succumbed to the financial stresses engulfing the sector, appointing an external administrator earlier today after reports of the company’s financial troubles emerged last week.
The parent company of self-storage business KeepSafe Storage has announced plans to open its third facility in Western Australia, committing $10 million towards the purchase of land in Welshpool and construction of the new site.
UPDATED: Residential construction outfit Builton Group is closing its doors, after staff were told not to come to work on Monday, while an announcement that the company has been placed into administration expected later today or over the weekend.
Outback Western Australia is the worst-performing property market in the nation, according to a new report by ratings agency Moody’s, which also found housing prices in Perth have fallen by 8 per cent since peaking in December 2014.
The state government has received a proposal for a $1.85 billion World Trade Centre in the Perth CBD from a Middle Eastern-backed private group that includes former Perth Airport manager Neil Kidd.
The Building Commission's Building Services Board has imposed conditions on two Diploma Group subsidiaries, limiting their ability to carry out work, after the parent company fell into the hands of administrators just before Christmas.
Aged care provider Rosewood is responding to increasing demand for its services by booking $105 million in developments for its West Perth and Leederville facilities.
An Osborne Park-based building company and its nominated supervisor have been fined a combined $45,000 for negligent work that led to the roof of one house blowing off and another being badly damaged during a storm.
Satterley Property Group is closing its long-time South Perth headquarters, taking advantage of historically high levels of vacant office space to move across the river to West Perth.
OPINION: Reiwa members reported an increase in weekly sales to 418 this week. The overall 104 per cent increase in sales is attributed to a 121 per cent increase in sales for houses, 106 per cent for units and 11 per cent for vacant land.
A now de-registered Perth-based builder has been fined $15,000 and ordered to pay $3,200 in costs after he was found to have engaged in deceptive conduct.
A new code of conduct for the state’s construction sector has been hailed as a game-changer for the industry, with the potential to reduce costs across the board by 20 per cent.
