Property

The state government has flagged the possibility of a broad inquiry into the use of imported building materials after confirming today that roofing panels supplied by Chinese company Yuanda to Perth Children’s Hospital contained asbestos.

Reiwa members reported a decrease in weekly sales to 528 this week.

Cedar Woods Properties has won its second big job for South Australian government agency Renewal SA, having been appointed to redevelop 40 hectares of land at Port Adelaide.

Governments, including local councils, and schools appear to be the biggest clients of building, construction and maintenance firm CPD Group which collapsed in May.

Building will start next year on a $600 million redevelopment of Karrinyup Shopping Centre, with construction giant Brookfield Multiplex adding the big ticket job to its portfolio of works.

Perth-based apartment developer Finbar Group has flagged a near-70 per cent fall in net profit for FY16, on the back of investment property impairments.

The City of Fremantle has announced not-for-profit organisation DADAA as the new tenant for Fremantle’s historic Old Boys’ School. 

Reiwa members reported an unchanged value in sales this week to remain at 640.

Quest Serviced Apartments is continuing its aggressive march on Perth, anchoring a hotel and new retail development at the Millstream Arcade in South Perth.

Fresh evidence of post mining boom malaise in Western Australia’s property sector has emerged, with listed mortgage provider Australian Finance Group reporting a 13.4 per cent fall in the number of home loans in WA over the 2016 financial year.

Chinese property developer and investment group Zone Q Investments has added a CBD office tower to its growing Perth portfolio, buying Westralia Plaza for $87 million.

The Shire of Peppermint Grove expects to have Pankaj and Radhika Oswal’s Taj on the Swan torn down by October, after sending out tenders for demolition of the unfinished structure today.

Building contractors Aurora Project Group and TR Homes have won a combined $12.6 million worth of work in rural Western Australia for the state government.

The City of Perth Library and Public Plaza and the State Buildings have shared the George Temple Poole award at the WA Architecture Awards held on July 1.

Proponents of two proposed buildings adjoining QV1 are confident of a positive response from the market.

Perth house prices have fallen 7.4 per cent over the past 18 months, making it the worst-performing housing market in the country.

The controversial Subiaco Pavilion site has been put up for sale, six years after the present owners bought the former markets and fought an extended battle to develop a high-rise apartment block.

Ross North has been awarded the Master Builders’ Association’s Robert Law Award after nearly 50 years’ in the industry in Western Australia.

State Development Minister Bill Marmion has told protestors outside parliament that the environmental watchdog would review the government’s plan to extend the buffer zone around the Kwinana industrial area.

This week, Reiwa members reported a decrease in weekly sales to 595.

Fleetwood Corporation has boosted its manufactured housing portfolio after facing pressure from activist investor and substantial shareholder Sandon Capital Investments to bolster its performance.

Talk of hotel oversupply in Perth has been exaggerated, with new higher quality projects to be a welcome alternative to older and potentially obsolete hotels in the city, an industry analyst says.

Perth dwelling prices fell 1.7 per cent in the three months to March, while the average dwelling price across Australia's capital cities also fell for the first time in over three years.

WESTERN Australian property players are ramping up the rhetoric on negative gearing, warning that investors in this state would be among the hardest hit if tax breaks for making a loss on an invest

SPECIAL REPORT: International players with big balance sheets are set to change the dynamics of Perth’s apartment market.

SPECIAL REPORT: Developers are banking on a change in sentiment later this year in Perth’s challenging apartments market.

The cities of Armadale and Cockburn are renewing a push for federal funding of a $160 million new bridge linking Armadale and North Lake roads, with local jobs and a near-$300 million expansion of Cockburn Gateway Shopping Centre hinging on the commitment.

Perth's land developers have stirred debate over the merits of urban infill by questioning the findings of a report commissioned by the Property Council of Australia and the Australian Greens.

Landowners are capitalising on developer interest in the City of Melville, with neighbours joining forces to amalgamate lots and create medium-density residential opportunities close to Garden City Booragoon.

The cost to developers of connecting a subdivision or development to water supply infrastructure will be reduced by nearly 50 per cent from next month.

St John Ambulance WA will open a new training facility in the CBD, after signing a three-year lease on a Milligan Street property.

Local property bodies have come together to oppose federal Labor’s plans to make changes to negative gearing.