SOUTH Perth-based Jaxon Construction’s announcement that it had bought into the North Fremantle Rivershores project is the company’s first step in refocusing its operations following a year-long strategic review.
A GLUT of new commercial developments to come on line in Perth’s CBD this year will result in backfill vacancies in older stock, according to a leading office leasing agent.
Home loan approvals in Western Australia retreated for a third straight month in December after a reduction in government subsidies and interest rate rises dampened enthusiasm for mortages, economists say.
Saracen Properties says its $550 million Raine Square project will resume construction within a fortnight, after Salta Constructions told 250 workers to walk off the Murray Street site yesterday over a pay dispute.
Shares in listed property developer Finbar have fallen slightly after announcing it had purchased a 1.58 hectare site in East Victoria Park for almost $10 million which the company plans to develop into 95 apartments.
The Master Builders Association has warned the state's largest home indemnity insurance provider's decision to withdraw from the market could bring the residential building sector to a halt without urgent action from the state government.
The state government has signed a $42 million deal with a property development consortium to develop a 10-hectare site in Newman for urgently needed residential and short-term tourism accommodation in the Pilbara.
Perth's office vacancy rate has increased slightly to 8.2 per cent and will continue to rise this year as further supply is added to the market, new figures show.
UNDERLYING demand in Perth’s CBD office market is set to be boosted by the return of institutional investors in 2010, while supply constraints will ensure the office vacancy rate does not reach its forecast levels of 15 per cent, according to a leading ma
Shares in real estate and property development outift Cedar Woods Properties climbed more than 7 per cent today after announcing a stronger than expected first half result and a full year profit forecast of approximately $15 million.
Residential land in the South West region of the state is among the 10 most expensive regions across the country as land prices in Perth dipped 0.7 per cent in the September quarter, a new report shows.
Housing groups and mortgage brokers have been joined by the federal government in welcoming the central bank's decision to leave the official interest rate unchanged, the former saying it is an opportunity to see the effect of previous increases.
Listed property developer Finbar has been drawn into the collapse of a Japanese-owned language college GEOS, which was a big commercial tenant of the group.
Perth-based PRM Property Holdings has been chosen to partner with LandCorp to construct 100 homes at the Bluff Point suburb within Geraldton in preparation for the $4 billion Oakajee deepwater port and rail project.
The residential property sector in Perth appears to be on the cusp of another boom with a housing group forecasting a recovery in detached housing starts this year while a new house price gauge surged 11.5 per cent over the past year.
A new set of figures by RP Data and Rismark International has shown Perth's median house price has risen 6.5 per cent to $490,000 during the month of December.
The median price of a house in Perth has surged 8.7 per cent over the past year with Churchlands and Guildford some of the fastest growing suburbs in Perth, while the median unit price has hit an all-time high.
THE nationally based developer for stage one of the Alkimos regional city project says it will use the project as a catalyst to launch its Western Australian expansion.
A FLURRY of activity in the prestige property sector is a sign of the overall strength of the Western Australian economy, according to a leading western suburbs-based high-end property specialist.
Land Minister Brendon Grylls has called for expressions of interest from Kimberley builders to build house and land packages at the award-winning Januburu Six Seasons residential estate in Broome.
PERTH’S median house price is expected to break all records in 2010, as last year’s shortage of available finance for developers puts the squeeze on metropolitan housing stocks.
SUBIACO’S Australian Fine China redevelopment will set new standards for environmentally friendly and sustainable design, according to the Subiaco Redevelopment Authority.
Residential building activity is picking up as latest final figures for construction activity in the residential sector showed Western Australia lagging behind every other state and territory.
The recovery in the state's housing market is expected to boost sales of Viento Group's property developments in Southern River and Henley Brook, which hold a combined 855 lots.
Lend Lease Group has won a bid to become the preferred proponent for the first stage of the $400 million new Alkimos residential development, north of Perth, while Mirvac and the Satterley Alkimos Consortium have been named as reserve proponents.
Modular builder Nomad Building Solutions has today announced the appointment of Brett McDonald for the newly created chief executive role for the eastern states.
The City of Perth's planning committee has proposed inviting various local design firms to develop ideas to change the city's image, picking 12 spots, including Jacobs Ladder and Langley Park, as areas that could be enhanced.
PLANNING Minister John Day has released new inner-city development guidelines that will shape the city’s major projects, including the Northbridge Link and the Riverside developments.
WESTERN Australia’s residential property sector will experience a period of modest growth in 2010, but despite a shortfall between construction starts and underlying demand, industry groups are not expecting a return to boom conditions.
INTERNATIONAL architecture studio Woods Bagot has credited a year of global success to the international opportunities taken by its Western Australian architects.
Buyers will this year be able to start reserving blocks at the Perry Lakes Stadium site, where preliminary works to transform the area into a housing estate is about to begin.
