Property

Property developer Mirvac Group has lifted half-year profit 69 per cent, helped by revaluation gains in its portfolio, but expects conditions to remain challenging in Western Australia into FY18.

Consumers in Western Australia have continued to benefit from affordable prices, with record low petrol prices weighing down on national inflation (the headline annual inflation rate is currently at 1.7 per cent).

National developer Stockland is expecting another year of solid growth after booking a 50 per cent rise in net profit for the first half of the 2016 financial year, but it’s not likely any of that

Some of Western Australia’s lowest income residents may soon be able to access solar panels and other energy efficient devices following the announcement of a $250 million national package aimed at improving existing and helping build greener community housing.

The state government’s asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart’s loan book.

Global investment giant Credit Suisse has added a Perth office tower to its portfolio, buying 190 St Georges Terrace for $64.2 million.

The owners of egg producer Golden Egg Farms are set to reap a big profit after striking a deal with apartment developer Finbar Group for a $109 million project in Palmyra.

Perth house prices are likely to fall by 3-5 per cent this year as the mining-dependent economy teeters on the verge of recession.

Property developer Diploma Group has been selected to build the new Quest Hotel Midland and the Yanchep Surf Life Saving Club, with the two contracts worth a combined $22 million.

reiwa.com property sales data for the overall market for the week ending February 2 totalled 723, which represents a 36 per cent increase in total sales over the week.

Perth's office vacancy rate is nudging 20 per cent but demand is turning to the positive side, according to the Property Council of Australia.

Apartment developer Finbar Group has won approval to go ahead with its third major new project in South Perth, amid continuing debate over the appropriateness of high-density projects for the subur

The number of new homes approved for construction in Western Australia fell for a 15th consecutive month in December, with the industry flagging a downturn in national activity.

International hotel group Sheraton is plotting a return to Perth, with plans lodged to build a new hotel on The New Esplanade Hotel site in the CBD.

Perth dwelling values fell 1 per cent in January as Australia’s combined capital cities showed a 0.9 per cent rise, with the local market expected to remain soft this year.

Salitage Winery in Pemberton has been sold to an unnamed local investor for $2.85 million after more than three years on the market.

SPECIAL REPORT: The planned redevelopment of the Shenton Park hospital site will add to a string of LandCorp projects boosting residential land supply in the western suburbs.

SPECIAL REPORT: Slowing population growth and a stalling economy are producing significant headwinds in the residential land sector.

An intriguing institutional form of musical chairs took place last year involving the Catholic Archdiocese of Perth, the Freemasons’ state branch, and union United Voice.

Construction is set to start on a boutique property development in Craigie that will deliver independent, accessible accommodation villas to people with disabilities.

A collaboration between Victor Goh’s AAIG and Adrian Fini’s private development firm, Fini Group, plans to develop apartments and a hotel at Elizabeth Quay, after offering $85 million for two lots.

The state government has pressed on with its red tape cuts initiative by removing a cap on fees charged by settlement agents and land valuers, while amending the codes of conduct.

Western Australia’s regional rental market was the weakest performer in the country in the last three months of 2015, with the Pilbara area taking a large share of the blame.

The state government has unveiled guidelines it will use to assess unsolicited bids from the private sector for state-owned land.

Apartment developer Finbar Group has been given the go-ahead for a $77 million, 194-dwelling project in Belmont, with construction set to begin next year.

The state government is targeting construction of at least 1,100 new dwellings on the Shenton Park hospital site, with developments ranging from two-storey townhouses to nine-storey apartment buildings.

Property experts have flagged the possibility of a market revival in 2016, warning buyers not to be passive and wait until prices bottom out.

It wasn’t that long ago that a 30-storey apartment proposal was considered a bit of a stretch in Perth, but a spate of new projects is changing that.

Apartment development at the northern gateway to Fremantle is gathering momentum, with listed player Mustera Property Group joining the fray, more progress for projects along Queen Victoria Street, and a $20 million, 71-apartment development application being lodged for a project on Beach Street.

reiwa.com property sales data for the overall market for the week ending 12 January 2016 totalled 482 which represents a 73 per cent increase in total sales over the week.

Architecture firm Woods Bagot will shift its Perth studio to the Palace Hotel on St Georges Terrace in May, after overseeing a comprehensive restoration of the historic building that will also inco

SPECIAL REPORT: Up to 5,000 delegates from more than 60 countries will descend on Perth in a few months for the 18th International Conference and Exhibition on Liquefied Natural Gas.