Property

The family that holds a majority interest in Diploma Group has formally launched a takeover offer for all shares it doesn’t own in the business, at a bargain basement price of 1.5 cents per share.

An inquiry into Western Australia’s development assessment panels has recommended a more transparent process to deal with complaints regarding decisions, but has ruled out allowing third-party appeals.

Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.

This week REIWA members reported the total number of sales have declined to 615, a decrease of 9 per cent on the previous week.

The number of home loans approved in July was unchanged in Western Australia, while the national rate rose 0.3 per cent according to seasonally adjusted Australian Bureau of Statistics data.

Land developer Cedar Woods was the standout performer at last month’s Urban Development Institute of Australia’s annual awards for Western Australia, while Finbar Group and Lendlease also featured

Interest in apartments is again on the rise, with developers across Perth unveiling new projects as the market emerges from a significant slowdown in sales and new product launches through much of calendar 2015.

The riverside suburb of Shelley has been given the ignominious title as the second worst suburb for rental problems in Australia.

Baltinas Made has unveiled plans for a new $26 million luxury apartment project on Mount Street, in close proximity to its recently completed Halo apartments.

This week REIWA members reported the total number of sales are up again to 708, an increase of 5 per cent on the previous week.

Dwelling prices rose by an average of just 0.3 per cent in Australia’s capital cities in August, with Perth being one of the poorer performers, with prices down by 1.3 per cent.

Property developer and construction contractor Diploma Group has incurred a loss for the year to June 30, reflecting a gross loss on its operating activities rather than write-downs.

Softening conditions in residential land sales are providing a mixed bag for the industry, with some of Western Australia’s biggest players bolstering earnings via increased exposure in other markets, while others are holding course and pushing on in Perth.

Award-winning Pemberton winery Salitage has returned to market, but this time the vendors are receivers at Ferrier Hodgson.

Prominent developer Luke Saraceni says his development vehicle Saracen Properties is poised to unveil a wide range of new projects in coming months, on the heels of strong early sales success at its latest joint venture, a $25 million apartment building in North Perth.

reiwa.com rental listing data for the overall market for the week ending 25 August 2015 totalled 8,178.

Property developer Cedar Woods Properties expects to maintain its record profit after shrugging off disappointing sales in key mining town projects.

More apartment developments are coming to the Burswood Peninsula, with the Town of Victoria Park formally adopting guidelines to pave the way for the first stage of Belmont Park, while Finbar Group

Construction contractor Badge has raised questions over the onerous process of bidding for public private partnerships, saying the cost of tendering for the contracts are often disproportionate to the benefit of winning the works.

New apartments in Scarborough are proving popular with buyers, with a quarter of the 100 apartments on offer at Psaros’s Sundance development sold in the first week of marketing.

Oil and gas producer Inpex has emerged as the last potential anchor for a significant new commercial development in the CBD, following Rio Tinto’s decision to remain at Central Park.

International hotelier Hilton is continuing its march on Perth, with plans approved for a 3.5-star Hampton Inn by Hilton at Cockburn Central.

Property giant Stockland is betting on Brisbane being the place to be for the next few years, as Sydney and Melbourne's booming markets finally come off the boil and the Perth market continues to slow.

Perth-based vehicle retailer Automotive Holdings Group has sold three of its east coast properties to trusts managed by Charter Hall, for $50.5 million.

Accounting firm KPMG has followed rivals EY and PwC into the real estate arena, setting up a property advisory division to service its existing clients and provide advice to other corporates and go

East Perth’s enclave of Claisebrook has emerged as a model for suburban rejuvenation, with sales figures over the 20-plus years since the redevelopment was launched indicating strong demand and solid returns for investors.

One of Perth’s most exclusive home builders says double-brick construction is no longer in vogue at the top end of the market, with clients becoming increasingly willing to explore alternative building techniques such as timber framing and cladding to achieve a specific look for their home.

This week REIWA members reported the total number of sales are up to 632 an increase of 1 per cent on the previous week.

A Perth developer and builder recent campaign to attract investors has drawn the ire of the corporate regulator, with the Australian Securities and Investments Commission imposing a fine of more th

Construction industry groups say a code of conduct is urgently required to avoid a repeat of the widespread cost blowouts and disruptive industrial action that has plagued major projects in recent years.

Surveying group MNG has acquired Giudice Surveys, with the tie-up the next step in MNG’s growth strategy following a comprehensive rebrand earlier this year.

Land sales activity in the fast-growing suburb of Baldivis is a lot more than just single residential lots.