TRG Properties will develop 170 apartments at Claremont Oval, after becoming LandCorp’s fourth private sector partner at its Claremont on the Park renewal project.
The offshore owners of Hyatt Regency Perth are planning a mammoth redevelopment of the East Perth hotel, with plans lodged for approval for the first stage of a three-tower residential and commercial precinct.
Office tenants are favouring properties owned by listed trusts and superannuation funds over private owners, as competition to fill vacant buildings along the terrace intensifies.
National construction contractor Probuild has added another big-ticket contract to its growing portfolio in Western Australia, having been appointed to build the $200 million NV Apartments development on Murray Street.
Perth median home values rose 1 per cent in March, according to the latest data from CoreLogic, but the Western Australian capital remains Australia’s worst-performing residential property market on an annual basis.
There may have been little growth in new home sales last month Australia wide, but Western Australia helped keep the national figures in positive territory, with an industry figure foreshadowing a bottoming-out in the state over the year.
The Real Estate Institute of Western Australia has revealed 10 Perth suburbs where properties are selling faster now than during the mining boom, with four of the top 10 in the western suburbs.
Five years ago, modular building manufacturer McNally Group was riding the crest of the giant investment wave that was Western Australia’s resources construction boom.
A recent flurry of leasing deals by oil and gas-related firms has provided hope that Perth’s CBD office market has hit the bottom, despite further downsizing expected in the energy sector throughout 2017.
Weakness in Western Australia’s residential construction sector is throwing up significant challenges for building product manufacturers, weighing on the profits of ASX-listed outfits Brickworks and Boral.
MSP Engineering has established a new headquarters in West Perth to cater for a bigger workforce as it builds a $400 million lithium processing plant in Kwinana.
The Reserve Bank of Australia says there is reason to believe commodity prices could rise higher than expected but is concerned about increasing risks in the housing market.
QV1 co-owners Investa Property Group and Eureka Real Assets have unveiled the look of Perth CBD’s newest food precinct, the $6.5 million first phase of nearly $150 million worth of redevelopment works at the 43-level office tower.
Oil and gas giant Inpex will hang its logo 24 storeys above the Perth CBD, after confirming it will stay put at 100 St Georges Terrace, one of two new leases covering 20,000 square metres in the ISPT-owned building.
Office landlord Hawaiian’s refurbishment program at London House has paid dividends, with three new tenants taking space in the 18-level St Georges Terrace building in the past three weeks.
The University of Western Australia’s proposed $600 million engineering zone at its Crawley campus has taken a major step towards construction, with plans lodged to build the development’s $80 million first stage.
Banking giant Westpac has been confirmed as the newest tenant for Brookfield Place Tower 2, as one of the city’s newest office towers moves towards full occupancy.
One of Western Australia’s 10 biggest homebuilders has denied any wrongdoing, after the corporate regulator claimed it created and manipulated review websites to spread favourable information about the company.
Resource Development Group is continuing its push into residential construction, winning a $27 million contract to build a 24-townhouse project just south of Fremantle’s South Beach, on an apartments site abandoned by Stockland following the GFC.
The University of Notre Dame has hit a roadblock for its plans to develop a new building in Fremantle, with council officers recommending the proposal be rejected because it is too tall for the port city’s historic West End.
Perth-based Fleetwood Corporation has won an $8.7 million contract to build new educational program buildings at several custodial centres for the NSW government.
ANALYSIS: The Labor Party has no intention of backing down on its planned 4 per cent stamp duty surcharge on foreign buyers of residential properties if it wins the general election on March 11.
