Property

THE Master Builders Association has endorsed a recommendation to create a residential land bank and restructure LandCorp to alleviate housing shortages in Western Australia.

A shortage of large industrial lots is looming as a crucial issue for industry in WA.

A LOCAL syndicate at Ellenbrook has put forward its case for turning 2,000 hectares of vacant land north of the suburb into a light industrial and commercial hub.

Western Australia has dominated a property list of the top 50 best performing council areas in the country, with the median house price in the Roebourne shire of $840,000 the highest in the nation.

Mining and engineering services company ORH will boost its cash reserves by $2 million following the sale of a Port Hedland property.

Western Australia needs to brace itself for a housing shortfall of more than 72,500 by 2020 with Wanneroo and Rockingham to suffer the greatest shortages, according to a new report.

METROPOLITAN land developers are predicting a significant shortage of housing lots later this year, as tight bank finance and the slow approvals process cause roadblocks in the development pipeline.

THE developer behind the contentious Smiths Beach resort proposal says it is pleased with Environment Minister Donna Faragher’s decision to give a scaled-back development the green light.

PLANS for a commercial hub at Canning Bridge include proposals for up to 10 storeys along Canning Highway in Applecross and Como.

The strongest quarterly increase in new home starts in eight years has highlighted the effectiveness of the federal government's stimulus package, but economists warn that not enough new homes are being built to accomodate a rapidly growing population.

Aspen Group says the Australian Taxation Office has signed up for an initial 15-year lease at its planned $200 million office tower in the Adelaide CBD area.

Property developers Georgiou Group, Match Group and Australand are among the shortlist the state government has today revealed to transform the disused Knutsford industrial site near Fremantle into a residential precinct.

Salta Constructions has commenced winding down its operations at Raine Square after spending the past three weeks trying in vain to negotiate a settlement with project developer Saracen Properties.

In a move demonstrating confidence in Western Australia's commercial property sector, Georgiou Capital will commence construction on a Nedlands office development without pre-sales or tenant commitments.

Multiplex Living and Mirvac are pursuing apartment developments at Leighton Beach.

HOUSING Minister Troy Buswell’s commitment to build 20,000 new affordable dwellings by 2020 is providing a lift for the sector, but the growing waiting list for public housing needs to be tackled by the private sector, according to social housing provider

Detached new home sales in WA surged 12.2 per cent in January in a sign that upgrading owner occupiers and investors may be coming back in to the market, a leading industry body says.

Embattled property developer Port Bouvard has posted an interim operational loss of $14.1 million on the back of hefty write downs.

Property values in Perth slipped in January with latest figures from RP Data showing the median price of a home dipped to $472,500.

Salta Constructions has terminated its lead builders' contract at Raine Square, claiming Saracen Properties has not attempted to resolve the dispute.

An active first homeowners market and improving market conditions has drive property developer Peet's first half operating profit up 50 per cent.

PERTH’S industrial property market is showing signs of renewed strength and confidence, although that could be undermined by supply constraints, according to the latest market analysis from Colliers International.

NATIONAL property developer Stockland has joined rival developers Peet and Delfin Lend Lease as a key investor in the Alkimos-Eglinton area, north of Joondalup.

AS the shutdown of the Raine Square development site in central Perth enters its third week, speculation continues over the possible fallout from the dispute that prompted the lead building contractor to close the site.

Aspen Group has returned to the black with the property developer and funds manager today reporting a net profit of $12.9 million for the first half of the 2010 financial year.

Property developer Cedar Woods Properties has reiterated its full-year profit guidance of $15 million after it today reported a profit turnaround to $9.9 million.

The Western Australian housing industry is eagerly awaiting the state government's release of a discussion paper to determine its direction over builder's warranty insurance.

AFFORDABLE housing provider Bethanie Group has signed a new partnership with the state government to deliver 200 new community housing units for the aged.

The lock-down of one of Perth’s largest construction projects has focused attention on developer Luke Saraceni and his contractor, Salta Constructions.

The Town of Port Hedland says its long-running partnership with BHP Billiton Iron Ore could be used as a model for local governments and the private sector to boost revitalisation efforts in the regions.

Property developer Finbar Group says it is confident of meeting its full-year profit forecast of more than $21 million after it today delivered an interim net profit after tax of $18.2 million.

Diploma Group has increased its first-half net profit after tax by 462 per cent as re-emerging confidence in the property sector paints a robust outlook for the property developer.