Property

Stan Perron’s vast private business group has reported a solid lift in revenue and profit, with strong returns from land development projects and international equities offsetting write-downs on the Central Park office tower and its iron ore royalties.

The recent approval for an estimated $450 million expansion of Westfield Whitford City has added to a long line of shopping centre redevelopments proposed in Perth, although ongoing economic uncertainty is casting doubt on how many will actually go ahead.

DEXUS Property Group has made a conditional, non-binding $2.5 billion cash and scrip bid to merge with the ASX-listed Investa Office Fund, which has a nationwide portfolio of assets that includes t

Houses in Perth are at their most affordable level since 2002, with less than 24 per cent of income required to meet loan repayments.

A recent office leasing deal at Exchange Tower has illustrated the lengths to which landlords are going to attract tenants, as vacancies continue to rise across the CBD.

Western Australians won’t get their long-awaited access to Elizabeth Quay until the end of January, with the state government today confirming the project won’t be finished in time for Christmas.

Apartment developer Finbar Group will launch sales early next year for a $162 million, 247-dwelling project at 63 Adelaide Terrace, after receiving planning approval for the project yesterday.

Perth venture capital firms have welcomed government measures today that will allow small businesses to raise money by crowd-sourcing, but criticised them for not going far enough.

Australia could face a sharp decline in home construction that may lead to an easing in prices, a HIA report says.

Western Australia has experienced a complete recovery in confidence following a year of damper sentiment, given strong optimism on household spending and long term economic conditions (up 32.2 per cent and 15.7 per cent respectively).

The state government is stepping up efforts to deliver affordable housing options near transport links by seeking to partner with developers on seven sites across the city worth about $20 million.

Home values in Perth rose by 0.3 per cent in November to a median of $499,000, while the combined capitals index dropped 1.5 per cent.

One of Perth’s most successful small builders is gearing up to move into the commercial construction space, part of a comprehensive rebrand amid slowing housing demand and a restrictive insurance r

Construction on a 22-storey tower near Canning Bridge will start in March next year, after developer Norup + Wilson was given the green light to proceed by planning authorities.

Satterley Property Group has made its second acquisition in Perth’s eastern suburbs in less than a week, paying $90 million for a 140-hectare tract of land in the Swan Valley.

Caravan and accommodation manufacturer Fleetwood Corporation has foreshadowed a first-half loss of $5 million, while also announcing that its chairman and one of its long-serving directors intend to leave the board.

Western Australia’s first micro-lots will be built at Ellenbrook, with a concept expected to be ready for the public in the second half of next year.

Developers say the extension of a buffer around industrial areas near Kwinana has the potential to set a dangerous precedent over the erosion of the rights to develop land.

Diploma Group has won a $52 million contract to build the Riverwood Apartments in Burswood, with work already underway.

LandCorp has named a shortlist of three developers for the construction of a fourth lot at Claremont on the Park, while the City of Swan has approved a master plan for the Midland Oval redevelopment.

Apartment developer Finbar Group says it has completed its $75.6 million Arbor North project in Rivervale on time and budget, with $54.6 million in sales received to date.

Vicinity Centres has paid $319 million for The Shops At Ellenbrook and Livingston Marketplace, two suburban shopping centres put up for sale by the Insurance Commission of Western Australia earlier

Satterley Property Group is planning to build up to 420 homes in Forrestfield, after buying the old Western Power site on Hawtin Road from the state government for $30 million.

Building products manufacturer Brickworks is gearing up to sell one of its Western Australian facilities, while also planning to restart its Cardup plant to maintain its production capacity in the state.

Aspen Group's separately-owned holiday parks fund has backed rival suitor Discovery Holiday Parks' increased offer for the portfolio.

Local builders Pindan and Pact Construction have won contracts with the state government, worth a combined $23.1 million.

Some of the state's biggest home builders have joined a government panel to deliver design and construction work on the $560 million Social Housing Investment Package.

Major progress is being made at one of the flagship sites at Elizabeth Quay.

Aspen Group is facing more competition to acquire its separately-owned holiday parks fund, with rival suitor Discovery Holiday Parks increasing its bid to purchase the portfolio.

Planning Minister John Day has moved to allow up to five storeys of apartments to be built at the Guildford Hotel, gazumping the City of Swan which had moved to impose a two-storey limit on the sit

Perth-based Fastbrick Robotics has wrapped up its first day of trading on the ASX after completing a $5.75 million capital raising.

Perth's biggest ASX-listed land developers are increasingly incorporating apartment developments into their plans, as the shift to smaller dwellings gains prominence in the outer suburbs as well as