Property

The $2.7 million acquisition paves the way for a 22-townhouse project.

Property giant Mirvac has partnered with Pacific Equity Partners to buy land lease provider Serenitas, which has 10 lifestyle villages across WA.

Single homes will be able to be built and modified without the approval of councils under fresh measures introduced as part of the state government’s major planning shake-up.

The homebuilding sector has a strong outlook, but there are still challenges to overcome.

Richard Pappas has stepped up to the helm of the organisation in WA as outgoing state president Col Dutton assumes a national role.

Pan Pacific Perth will undertake a $50 million refurbishment of its more than 400-room luxury hotel and convention spaces on Adelaide Terrace.

Murdoch University has outlined a plan to build a health-related mixed-use development on vacant land neighbouring Hesperia’s latest project near the Murdoch hospital precinct.

A proposal to build a two-storey petrol station and convenience store in East Perth has been deferred after a development panel found the $3 million plan inconsistent with local use.

Rita Saffioti said planning reform was akin to cutting taxes, when drawn on whether the government would abolish the foreign buyer surcharge.

Local investor and business owner Arul Samy bought the 4,538sqm property on a 5.85 per cent yield.

WA-headquartered national building and engineering group says market conditions are improving for the sector.

The Building Services Board has refused to renew a Joondalup-based builder Intellibuild Constructions’ registration over financial concerns.

Perth builder Opus Homes has been ordered to pay more than half a million dollars in compensation to one of its customers over a building services dispute escalated to the State Administrative Tribunal.

The liquidators in control of collapsed builder Modco Residential have warned a return to creditors is “uncertain” as they continue to wind up the failed company.

Owner Nic Trimboli expects more than $30 million for the Perth property, which was developed by a joint venture that included Adrian Fini.

Fletcher Building says the mass failure of plumbing pipes it manufactured are confined to the Perth market and asserted the problem lies with defective installation.

Hesperia is no longer pursuing the redevelopment of the Fremantle Italian Club after opting to not renew a non-binding deal to develop the site with proposed residential and hotel components.

A 30-storey student accommodation project for the site on the corner of Pier and Wellington streets has been revived, to be delivered by Sirona Urban by 2026.

Developers including Paul Blackburne have spoken out about the state’s planning system in light of low housing supply.

BGC Australia has estimated it will cost more than $700 million to fix burst pipes that were installed across thousands of homes in Western Australia.

The state government has expanded the stamp duty rebate to apartments under construction, in a bid to bolster supply.

Major property developer Silverleaf has quietly commenced construction of a hotel and hospitality precinct at its historic convict foothold in Fremantle.

Property funds are navigating economic headwinds to deliver returns to their investors.

An $87 million, four-storey police complex in Fremantle has been approved despite a high level of community opposition over the lack of consultation and site selection.

A recent transaction has made Randal Humich the single largest private landholder of Perth’s malls.

New data from CoreLogic shows the city’s rental vacancies are the second lowest in the nation, at a record 0.5 per cent.

GDI Property group has listed its 10-level carpark on the market after the ASX-listed property fund bought the asset in 2021.

The Damian Collins-led developer hopes to start building the homes early next year.

Primewest spin-off PWD acquired the large format retail asset from HomeCo Daily Needs REIT.

Rate hikes, large fines and development approvals will be implemented in Broome to crack down on the proliferation of AirBnBs.

Malaysian developer Victor Goh has proposed to increase the number of hotel rooms at a $400 million Elizabeth Quay tower currently under construction.

Frank Marra has pocketed more than $1.5 million from the state government land developer.