Property

SPECIAL REPORT: Divergent strategies are emerging as builders struggle to maintain relevance in WA’s hard-hit housing construction sector.

South Perth’s Mends Street precinct is in line for an overhaul, after the federal government committed $2.5 million towards a $7.5 million redevelopment.

Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.

Engineering construction helped overall building activity return to expansion in September.

The Housing Authority has awarded three contracts totalling $6.5 million.

Reiwa members reported an increase in weekly sales to 600. The overall 24 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses, 36 per cent for units and 44 per cent for vacant land.

A Karratha-focused property developer that was jointly established by Boom Logistics director Terence (Jack) Hebiton has been placed into voluntary administration.

Perth dwelling values tumbled by 2.5 per cent last month to their lowest level in nine years as weak demand continued to cripple the housing sector in Western Australia.

Malaysian property group Seri Mutiara Development is planning a $100 million residential project in Perth’s southern suburbs, having bought three plots of land at Cockburn Central West.

A public art gallery and viewing platform 45 storeys above the ground will create a new tourist drawcard at Elizabeth Quay, with the latest development at the state government’s flagship redevelopment project unveiled today.

The state government has sold $1.35 billion of Keystart housing loans to Bendigo and Adelaide Bank, but the divestment wasn’t as big as it had hoped.

About one in five homes resold in Perth are done so at a loss, new data has revealed, with the city’s western suburbs among the hardest hit.

Perth-based Broad Construction Services has shared in $10.5 million worth of contracts awarded by the state government.

Japanese fashion retailer Uniqlo will open its first Western Australian store in Perth’s Murray Street Mall, with a flagship two-level shop anchoring a $6 million redevelopment of Plaza Arcade.

CBD landlords are continuing to invest in their assets to ensure they remain relevant in an increasingly competitive office market.

There are glimmers of hope emerging for beleaguered apartment developers, despite slugglish sales across Perth.

Reiwa members reported an increase in weekly sales to 554 this week.

Buyers’ agency and developer Momentum Wealth has braved Perth’s patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.

Top WA land survey firm MNG is branching out to explore opportunities in the greenfields land development market on the east coast.

BGC has relinquished its spot as Australia’s most prolific home builder, but it is still the biggest builder in Western Australia, as the downturn in housing construction continues to be felt.

Perth home prices fell 1.2 per cent in the three months to June, official figures released today have shown, while the average price across Australia’s capital cities rose 2 per cent.

Perth-controlled motor vehicle stacking business Car Parking Solutions has gone into liquidation.

Leasing across Perth's rental market increased by 17 per cent in August, according to new data from the Real Estate Institute of Western Australia.

Osborne Park-based builder Quattro Homes has been placed into administration, the fourth residential builder in Western Australia to collapse in the past three months.

Housing investment and construction in Australia are likely to wane in coming years, with an accompanying drop in their contribution to the strength of the economy, the Reserve Bank says.

Land developers are predicting further pain as finance changes put a damper on the industry.

Consulting and advisory group Urbis is preparing to add property valuation to its suite of services, following its move to customised new premises at The Quadrant on William Street.

Work is expected to start later this year on Western Australia's first dedicated health and knowledge precinct in Murdoch, with developers sought to deliver up to 400 homes, 33,000 square metres of office space and more than 80 short-stay apartments.

A new group of property professionals promises to bring balance to Perth’s debate over density.

The bulk of Perth’s local governments are missing the mark on long-term strategic planning, according to a new Property Council report into the sector.

This week, Reiwa members reported an increase in weekly sales to 585.

Six years of surveys, community consultation and planning have come to naught in the Town of Cambridge, after Planning Minister Donna Faragher rejected proposed changes to the area’s town planning