Property

EXCLUSIVE: Aldi is continuing to stake its territory in Perth, with Wattle Grove the next frontier for the supermarket giant.

Despite last weekend’s inclement weather, REIWA members reported a 9% increase in sales for the week ending 23 June which may also reflect a small flurry of end of financial year activity.

Perth-based firm Fastbrick Robotics is bringing its bricklaying robots, which have been backed by Dale Alcock, to the ASX, lining up an all-scrip acquisition deal with DMY Capital.

The state government plans to invite the private sector to bid for state-owned properties that aren’t listed for sale under a proposed unsolicited bids process, while also announcing the listing of 40 extra assets in the second wave of its land sales program.

The average home price dropped 0.3 per cent, to $545,000, in Perth in the 12 months to March, against a national average gain of 6.9 per cent, to $576,100.

Online property rental company rent.com.au has commenced its first day of trading on the ASX, after being acquired by Select Exploration in a backdoor listing.

Demand for apartment living is rising in the western suburbs, but a lack of suitable sites and community opposition to large-scale projects is hampering developers’ efforts to meet buyers’ needs.

Retail and office landlords are building on the City of Perth’s initiative to focus on Forrest Place, which is emerging as the next precinct of the CBD to undergo a significant transformation.

Building Commission head Peter Gow has called for more checks and balances in Western Australia’s housing construction sector to ensure there is no repeat of the collapse of Capital Works Constructions.

The big number this week is the impending breakthrough of the 8,000 barrier for property listed for lease. Since the beginning of March when seasonal demand tailed off, rental listings have been rising at an average of 118 per week which compares with the average of 44 per week since the same time last year.

Fresh from unveiling a $7.3 million revamp of Broome’s Mangrove Hotel, hotelier Prendiville Group is turning its attention to a redevelopment of the Tradewinds Hotel in Fremantle to keep up with ne

Average stamp duty costs have surged by up to a staggering 800 per cent in the past 20 years, a new analysis shows.

Western Australia’s neighbourhood shopping centres are among the standout performers for retail asset sales across Australia, with six transactions this year totalling at least $112 million.

As one $85.7 million project hits its final stages of construction, another begins to come out of the ground; such is the life of Perth’s leading apartments developer, Finbar Group.

The average house price in Perth dropped 2.7 per cent in the March quarter to $535,000, while the national average climbed to almost $660,000.

Two new co-working spaces are coming to St Georges Terrace, with Liberty Executive Offices establishing a space designed for professionals and St George Bank offering free space to small businesses.

Pessimism in Perth’s commercial property sector and the alarming office vacancy rate won’t stop development at Elizabeth Quay, according to the Metropolitan Redevelopment Authority.

Contractor Central Systems, which is best known for its civil construction works, has taken on the work in progress of collapsed builder Capital Works Constructions.

Home loan approvals were surprisingly strong in April, up 1 per cent, as low interest rates sparked demand for new houses, according to new figures released by the Australian Bureau of Statistics.

Treasurer Joe Hockey has offered two pieces of advice to solve Australia's housing affordability problem - build more homes and get a good job that pays well.

The $70 million redevelopment of Cloisters Square is complete, with the opening of heralded American-style steak restaurant Chophouse the culmination of a three-year transformation that has repositioned the property from an ageing building to a go-to destination.

RESIDENTIAL investment adviser Momentum Wealth is broadening its offering, unveiling a merger agreement with long-standing commercial real estate agency Mair & Co.

Michael Wright’s Voyager Estate winery is looking to upgrade its Perth office, with a $5 million proposal in Cottesloe in the planning pipeline.

CBD hotel owners are mobilising plans to ensure their properties remain competitive with the flood of new builds coming to market, with nearly $50 million in redevelopment applications across three

Developer Golden Group and the Town of Victoria Park are making significant progress at Belmont Park, taking steps towards marketing the first apartments at the racecourse by late this year or early next year.

Developers are expected to compete strongly for a prime slice of riverfront land in East Fremantle, with the federal government putting the Leeuwin Barracks up for sale.

Developers are meeting the state government’s goals for high-density residential projects around major transport routes and infrastructure, new research has revealed.

New housing developments in Perth and the state’s regional centres will increase the potential for future outbreaks of mosquito-borne diseases, a leading entomologist says.

Property Exchange Australia has launched its new electronic conveyancing platform in Western Australia, which aims to modernise paper-based transfers with its online model.

About 40 per cent of Western Australians are stressed about maintaining and managing their mortgage, yet home buyers remain bullish about the property industry, according to new research by Domain and Nielsen.

The popularity of Busselton as a residential base for FIFO workers has contributed to solid growth in house prices in the South West city, which is now a more expensive place to buy a home than Karratha, where property values continue to plummet.

Dramatic structural changes have driven strong shifts in the types of deals being made by Chinese investors in Australia.