Property

A development assessment panel has approved a six-storey public ward and a two-storey theatre expansion at Joondalup Health Campus, estimated to cost $67.2 million.

The state’s peak planning body has approved a contentious $75.7 million apartment development in Mosman Park, dubbed Mos Lane, after a three-hour meeting.

Wembley-based boutique residential builder Royal Construction and Design has appointed a liquidator from SV Partners to wind up the company.

A catch in migration numbers since borders reopened after COVID-19 shouldn't be used as a scapegoat for Australia's failure to build enough homes, a key business group has warned.

The state government has flagged a reversal of recently announced medium density planning reforms, with many single dwellings to be excluded and other changes to be deferred.

Industry experts are calling for an overhaul of construction contracting to attract more builders, as rumours of more tier one builders entering the market gain momentum.

Two apartment projects in Nedlands will have to go through a fresh approval process after the developer found it was no longer feasible to build the original plans.

Quadrant Investments bought the three-level building from the Christie family.

The Rokeby Road building was sold to two Westminster National directors by owner occupiers Lateral Capital Ventures.

A development assessment panel has given the green light to Willing Property’s $32 million apartment proposal on Lake Street, with construction slated to start next year.

The residential rental vacancy rate has increased to 0.9 per cent, the first rise in six months recorded by REIWA.

Perth office owners are downgrading the value of their assets as sales dry up and buyers sit tight.

The Southport Street office sold to Relationships Australia for $3.6 million.

A series of developments is set to change the face of the coastal suburb, after years of stagnation.

Property Council figures show a 0.2 per cent lift in Perth’s office vacancy to 15.9 per cent, the second highest in the country but amid an influx of new supply.

A Sydney-based fund manager has bought the coastal accommodation facility, in the first time the asset has changed hands in 17 years.

Melbourne-based Australian Venue Co and Scotland-based global brewery chain BrewDog have partnered up to open the first BrewDog venue in Perth.

A five-storey luxury apartment complex is planned for the site.

Approvals for private sector houses in Western Australia recorded the sharpest fall of 5.5 per cent nationwide as total dwelling rubber stamps dwindled in June.

The capital city outpaced national home price growth to hit a new high in median value.

Real estate consultancy firm boss Jeremy Robotham says greater population growth could translate into a significant boost for the state's commercial property sector.

The Town of Cambridge is set to sell Ocean Village Shopping Centre car park to developer Blackburne for $8.9 million after councillors approved the transaction during a volatile meeting.

The $12 million sale of a beachfront property at Siesta Park on Geographe Bay shows the holiday region remains a prize destination for the conversion of equity fortunes into land.

Victorian investors have snapped up the Central Avenue complex for $2.64 million.

The $33 million facility has been given the green light by the state’s planning body after local council backlash.

A JDAP has given the green light to the 33-apartment complex, which was met with some community opposition.

Malaysian developer Victor Goh has commenced works on a 54-storey glass tower on the last remaining lot in Elizabeth Quay.

The sale was split between Westbridge Funds Management and an east coast investor.

Hall & Prior has relodged its proposal to build a $90 million aged care facility in East Fremantle, months after withdrawing the application from a development assessment panel.

The state government sign-off will allow for up to 1,000 apartments to be built on the historic Subiaco precinct.

Recent data from REIWA shows a record average sale time for houses of 10 days, as well as record rental yields and vacancy rates.

Perth’s planning landscape has evolved to capture greater nuance and emphasise community concerns, leaders at Taylor Burrell Barnett say.