Property

Failed property investment company Westpoint Group and its director Norm Carey have been ordered to pay fines and costs totalling $133,000 for making false or misleading representations regarding a residential property development in Rivervale.

EXCLUSIVE: Construction giant Brookfield Multiplex has taken the inside rail from rival Probuild to win the main construction contract for Woodside Petroleum’s new headquarters at the Old Emu Brewery site on Mounts Bay Road.

A Singaporean beef producer has bought the Pardoo Station in the Pilbara, including 5,800 head of cattle, with plans to increase the herd by 10,000 and develop further tourism facilities.

There was a healthy 26 per cent rebound in reported sales activity last week which has taken volumes back to mid-February levels.

Buyers have rushed to grab a slice of one of South Perth’s planned residential towers, with more than 60 per cent of the apartments on offer at Finbar Group’s Aurelia selling in the first weekend o

Tony Abbott says his government has no plans to allow young people to use superannuation to buy their first home - but is happy for the idea to be debated.

South Perth apartment tower proposals rivalling CBD heights are coming thick and fast through the approvals process.

Builders and land developers are increasing the roll out of ready-built homes to boost affordability and reduce the time between the purchase of a house and land package and the build’s readiness for occupation.

Not unexpectedly due to the long weekend, there was a 13% fall in reported activity with house and multi-residential sales down 14% and 19% respectively.

Developers and builders are offering incentives over and above the state government’s first home buyers grant to stoke the market, as the number of grants paid falls to its lowest level in nearly two and a half years.

Proposed new fees for foreign buyers of real estate are looming as a potential impediment to offshore investment in Perth’s apartments sector, at the same time local developers are shifting their f

The City of Rockingham’s push for higher-density development along its coastal and CBD precincts is starting to pay dividends, with more than $100 million in residential projects under construction or approved to be built, which will collectively add more than 600 apartments, as well as two hotels.

There was a further easing in reported sales last week as more stock flowed into the market, with all components contributing to the softening.

Demand for Western Australian agricultural property assets is expected to run hot throughout 2015, with offshore buyers not expected to be deterred by new rules for foreign investment in farmland.

Joondalup’s CBD is set to be transformed by a pair of major projects, including the suburb’s first high-rise building.

The housing boom will continue to drive earnings in the medium term, says global construction group Lend Lease, which lifted half-year profit by 25 per cent to $315.6 million on the back of strong demand for apartments.

Construction and development company Diploma Group will develop a four-level 24-apartment building in Subiaco, with a combined value on completion of $16 million.

Two major projects considered vital to the revitalisation of Subiaco are closer to reality, with a 16-storey tower at the Pavilion Markets site to win planning approval and construction immin

After last week’s 9% increase in reported activity, sales have retreated 7% this week back to a similar level reported a fortnight ago.

Shares in Perth-based construction and development company Diploma Group have surged on news it will sell its Quest Serviced Apartments in Rockingham and Adelaide Terrace to undisclosed buyers for a combined value of $63.5 million.

Perth’s small bar revolution is expected to extend into the east end of the CBD, driven by a wave of major commercial and hotel developments.

Food and beverage operators are leading a revival for high street retail property, with Beaufort Street, Oxford Street and Albany Highway buzzing, and depressed centres Rokeby Road and Bay View Ter

Development at Springs Rivervale is moving into overdrive, despite widespread debate over whether the area already has too many apartments.

Councils won't get a single cent of compensation for the Western Australian government's failed amalgamation plans.

Mirvac Group is on track to achieve the upper end of its earnings guidance as low interest rates fire up the housing sector.

A 12% increase in house sales reported last week lifted overall activity to its highest level since early July 2014 which is a welcome sign given the market has been on a general downward trend since that time.

Property investor BWP Trust has purchased a Bunnings Warehouse in Melbourne from Bunnings Group for about $32 million.

The state government has introduced a new rebate scheme for people who purchase a block of land in one of 40 land estates across regional Western Australia.

Home owners enjoyed another good year in 2014, with home prices rising on average almost $11,000 across the eight capital cities, however Perth prices were largely flat.

Premier Colin Barnett says the state government will turn its attention to expanding the boundaries of the City of Perth, after he conceded his plan to halve the number of local governments in the

Landscape architects are seeking to take advantage of a long-standing business model operating in the building sector to broaden their service offering and boost their bottom line.