THE slowdown in mining project development last year has affected the Perth office market, with the vacancy rate for CBD offices recording a modest increase to 5.7 per cent in January.
PERTH’S property market has had a busy start to the year, with offshore investors and local syndicators negotiating five purchases worth about $230 million.
Lend Lease will start construction at its $1 billion Waterbank precinct at East Perth late next year after finalising an agreement with the Metropolitan Redevelopment Authority today.
Commercial property development firm Lester Group says it is looking interstate for acquisition opportunities after completing the $19.1 million purchase of a Belmont office complex.
Four Perth property sales worth $210 million have been announced in the past fortnight, including Herdsman’s largest office building, an iconic city shopping arcade and two industrial properties.
The Western Australian housing market has been confirmed as one of the hottest in the nation, with median home values in Perth rising 1.7 per cent in January, according to new research released tod
Perth's residential property market has cemented itself as the standout performer across capital cities, prompting calls for government intervention to make housing affordability a priority as pric
Housing industry experts have predicted Western Australia’s property turnover will return to its long-term average in 2013 but warned the rental market would remain tight, and called on the state g
APARTMENT developer Finbar Group and land developer Cedar Woods Properties have foreshadowed strong half-year profit results, continuing their lead over their listed property company peers.
The state government has committed to spend $70 million upgrading the beachfront at Scarborough and realigning the coastal road near Leighton and Port beaches.
The Metropolitan Redevelopment Authority and the Department of Housing will collaborate on a series of new housing projects in a bid to add to the state's affordable housing supply.
Perth has defied a national downturn in residential land sales, recording a 12 per cent increase in sales in the metropolitan region for the September quarter.
Property developer Adrian Fini is among a group of investors who have acquired the Sebel Hotel in Mandurah , five months after his old company Mirvac Group sold the property.
LEIGHTON Properties has stolen a march on rival developers, including Brookfield Properties, aiming to start work on Perth’s next large office buildings.
Centro Retail shareholders have overwhelmingly agreed to change the shopping centre company's name to Federation Centres as it attempts to put past problems behind it.
Perth-based apartment developer Finbar Group has forecast an after-tax profit of about $14 million for the half year to December 2012 and reaffirmed its expectation of a record full-year result.
An Osborne Park-based construction company has been awarded more than $31 million in contracts by the state government for work at two new primary schools.
Increased first home buyer activity and a lift in turnover of higher priced properties have bolstered Perth’s median house price, which rose 3 per cent in the December quarter.
The state of the Perth rental market has been muddied, with two sets of research showing a small increase in rental rates for houses but producing conflicting results for apartments.
Leighton Properties is close to locking in plans for a second office tower in its Kings Square development in central Perth, with WA health insurer HBF in talks to buy one of the proposed buildings
WESTERN Australia’s high overseas migration rates, ageing population, and shortage of skilled workers have been identified as major planning challenges in the government’s new State Planning Strate
Less than 10 per cent of jobs Boral will slash will come from Western Australia as the building products maker targets reduced costs and increasing competitiveness in a company-wide restructure.
