Property

Construction activity has fallen, after enjoying four months of expansion, due to weakness in mining-related engineering construction, as well as commercial construction.

Home building approvals have suffered their biggest slide in three and a half years in November, with Western Australia’s residential construction sector expected to take a hit over 2016.

The local property market is beginning to show signs of stability as the rental market gains strength, according to the latest Real Estate Institute of Western Australia figures.

Perth dwelling values took a surprise positive turn in the last month of 2015, but a property analyst predicts growth in the local housing market is still at least a year away.

A major figure in the local building industry has been elected the 2016 national president of Master Builders Australia.

Listed sandalwood producer TFS Corporation and China-backed Kimberley Agricultural Investment have been selected as the preferred proponents to develop 5,000 hectares in the Ord River irrigation area.

The proportion of Perth homes sold at a loss hit a three-year high in the September quarter, with owners of CBD apartments the most likely to incur a loss

Another major player has jumped into Perth’s hotels boom, as competition to deliver new lodgings goes into overdrive.

Cedar Woods Properties has purchased a 3.8 hectare infill site in Queensland for $24.6 million, while also announcing the extension of a $135 million loan.

Billionaire casino mogul James Packer has resigned as a director of Crown Resorts, fuelling speculation that he wants to completely take over Crown.

Andrew Forrest has finalised the purchase of a $16 million oceanfront house in Cottesloe from an elderly man who has apologised for implying the billionaire pressured him into the sale.

Liquidators have been called in to recover what they can from the assets of Scho Homes, with the builder’s collapse expected to put more pressure on Western Australia’s homebuilding insurance scheme.

One of Australia’s most-recognisable hospitality operators is expanding west, with up to three Ettamogah-branded venues in the works in Western Australia.

AMP Capital says it will kick off construction in 2017 on a $400 million redevelopment of Garden City Booragoon, following the proposal receiving planning approval.

The Shire of Kalamunda has moved to facilitate more infill development around transport infrastructure, but its proposed planning changes are restrictive and won’t achieve the desired results, according to a prominent industry player.

Western Australians are falling behind on their mortgage repayments at a higher rate than borrowers in any other state, according to new Reserve Bank of Australia data.

Billionaire James Packer's private investment firm, Consolidated Press Holdings, has downplayed speculation that he is seeking to privatise casinos operator Crown Resorts.

reiwa.com listings for sale data for the overall market for the week ending 15 December 2015 totalled 15,980.

Energy analytics firm Greensense is set to be acquired by Brisbane-based energy provider ERM Power in an all-cash deal worth $5.25 million.

BGC Development has done the almost unthinkable in current office market conditions, finding an anchor tenant for its under-construction building at 25 Rowe Avenue in Rivervale despite widespread c

The building industry watchdog is taking 23 workers to the Federal Court for allegedly unlawfully laying down the tools while working on a new waste treatment plant for the Water Corporation in February.

Property syndicator Primewest has added to its retail portfolio, buying a homemaker centre in Brisbane for $34.75 million.

Perth residential property prices fell 2.4 per cent in the September quarter, as the Real Estate Institute of Western Australia tipped eight suburbs to watch next year.

LandCorp is close to releasing prime land in the inner western suburbs, with its Shenton Park Hospital site one of 30 redevelopment opportunities across the state expected to deliver more than 14,000 homes.

Doubleview-based Ausnet Real Estate Services, which is backed by mortgage aggregator Finsure and led by chief executive Paul Niardone, is seeking an ASX listing through a reverse takeover of Namibian Copper, which saw its share price crash by more than 50 per cent after the deal was announced.

Alternative construction techniques are gathering momentum in Western Australia, but not all builders are convinced that double brick’s dominance is about to end.

Challenging conditions loom for homebuilders in WA, as demand for new housing slows after record-breaking peaks of activity last year.

A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.

Woodside Petroleum’s impending exit from its namesake office tower on St Georges Terrace has already affected the building’s value, with its owner, DEXUS Property Group, saying it was now worth $80

Perth-based construction contractor Doric has been appointed to deliver the showpiece public plaza at the Perth City Link, Yagan Square.

Property Council of Australia’s long-serving Western Australian executive director Joe Lenzo has announced he will retire next March, with the search for a successor to begin immediately.

The number of residential lots created in November in Western Australia was the lowest monthly result in nearly four years, with state government agency Landgate also recording its lowest levels of monthly activity since the beginning of this year across every type of land transaction.