DESPITE the national 2.1 per cent fall in home prices in the December quarter painting an unflattering picture for the sector, property industry leaders remain optimistic about the year ahead.
A 4.1 hectare site surrounding the Water Corporation’s headquarters in Leederville has just hit the market, with Knight Frank calling for expressions of interest from developers.
Two-thirds of Australians are expecting an interest rate cut when the Reserve Bank of Australia board meets on February 7, with some anticipating a large 50 basis points reduction.
Talk of a turnaround in Perth’s property sector after prices rose slightly in November has been all but quashed by new data out today, with home values falling 2.1 per cent over the December quarte
Former Perth company director Peter Hickey has been convicted of three counts of stealing more than $200,000, after using investors’ money to pay off personal debts, including his wife’s credit car
Building industry groups have reiterated concerns about a Gillard government proposal to replace the commercial construction industry watchdog, warning the alternative to the Australian Building an
A LACK of supply will be the big issue for Perth’s office market in 2012, with record-high office take-up figures sending the CBD vacancy rate spiralling to its lowest level in three years.
QUEENSLAND-BASED Oaks Hotels and Resorts has expanded its portfolio in Western Australia with the acquisition of a second property in Broome, naming the Kimberley location as one of its investment
The state government has named a consortium between Brookfield Multiplex and Georgiou Group and another between Leighton and Broad alongside construction heavyweight John Holland on its shortlist f
PERTH’S residential property market is poised for an upturn in coming months, with median prices and housing finance commitments on the rise, and rapidly increasing rents pointing to a bright 2012
WITH construction of its hotel due for completion this year and $93 million of apartments pre-sold in its QIII development, Singaporean property group Frasers is moving ahead with the next st
CBD sales top $1bnProperty group Stockland capped off a busy 2011 for office sales in Perth, with the sale of a 50 per cent interest in Exchange Plaza for $157.7 million.
A MODULAR construction facility being set up by Hutchinson Builders in Northam is set to establish the Queensland company as a high-capacity producer of transportable buildings in Western Australia
Ten Western Australian suburbs have been ranked in the nation’s top 50 for potential capital growth, as the state’s resources boom intensifies demand for residential property.
Perth’s house prices jumped by 0.5 per cent in the month of November, leading the first seasonally-adjusted increase in capital city house prices since December 2010.
Property group Stockland capped off a busy year for office sales in Perth, with the sale of a 50 per cent interest in Exchange Plaza for $157.7 million, taking the total value of CBD office sa
The multi-million dollar bill for the Barnett government’s commitment to a slew of transformational projects in and around the city has dominated media coverage of these once-in-a-generation ventur
Veteran developer Luke Saraceni is looking beyond his legal and financial battles, lining up new projects for what he sees as the next ‘historic’ property boom.
Investor interest in Perth’s office market is set to intensify in the new year after city sales hit fresh highs in 2011 on a rapidly declining vacancy rate.
GLOBAL energy behemoth Shell plans to more than double its office footprint in the city as it ramps up its operation to support projects such as the $12.5 billion Prelude floating LNG plant.
THE heritage buildings at the base of Brookfield Multiplex’s imposing City Square office development are set to bustle with new life as work begins on transforming the long-neglected properties int
Australian dwelling commencements in the September quarter fell 6.8 per cent from the June quarter to 35,672 units, seasonally adjusted, official figures show.
Perth real estate agency Blackburne Property Group has been fined $15,000 and ordered to pay court costs of $272 in the Perth Magistrates Court for delays in lodging tenants’ bond money with the bo
The Australian Securities and Investments Commission announced today it has reached a settlement with the founder of the failed Westpoint property investment group, Norm Carey.
Perth's increasingly tight office market is likely to result in gross rents exceeding $1,000 per square metre per annum next year, Jones Lang LaSalle has predicted.
THE property development arm of national construction giant Leighton has established a Western Australian beachhead with a deal to develop the strategic Perth Entertainment Centre site as part of t
PERTH-BASED private equity investor Centauri has teamed up with Peter Bartlett’s FMR Investments for an innovative $150 million building development in Port Hedland.
