Property

The developer behind East Perth’s $23 million Ibis Styles hotel is suing one of its subcontractors for damages after a water leak forced the closure of several rooms within months of it opening.

Occupancy rates are at their highest level since COVID restrictions eased, Property Council figures show.

Developer Megara's $73.7 million vision to revitalise the Sorrento Plaza precinct is being advertised for community feedback.

A recent report shows Perth's housing market was off to a strong start this winter despite a decline of new property listings.

Colliers’ research shows Perth’s industrial market is the tightest in the country, with vacancy rates at new lows and rents growing at record levels.

New home builds in Western Australia have plunged 32.2 per cent in the latest quarterly data, the most significant drop in almost four decades, as rising costs slow the construction boom.

Buyers earning up to $180,000 on a single income will be able to access a new home loan as part of the state government's bid to have more people living in apartments closer to the Perth CBD.

Hesperia, led by Adrian Fini and Ben Lisle, has flagged a $35 million plan to develop a retail centre on a 87,812 square metre piece of land in Mirrabooka.

The Adrian Fini, Ben Lisle and Kyle Jeavons-led developer bought the heritage-listed Fremantle site for $6.86m from Midland Brick heiress Marylyn New.

Andrew Forrest’s Tattarang will part with a portion of its stake in the Roe Highway Industrial Park in a deal believed to be worth up to $300 million.

Researchers have warned 10,000 Australian workers could develop lung cancer from silica dust, mostly males, from industries including mining and construction.

The fine dining institution’s head chef has agreed to purchase the business for less than $400,000, but the show will go on for Clyde Bevan.

The WA property investment group plans to develop a 25,000sqm logistics facility at the Welshpool site.

Liontown Resources chair Tim Goyder has paid $17 million for a home overlooking the water in Peppermint Grove.

Greens MP Brad Pettitt has lashed the state government for its utility’s “opaque” South Fremantle Power Station sale process, amid news the buyer could be media mogul Kerry Stokes.

Survey results from Property Council members found Western Australia reported the highest confidence in the property industry compared to the rest of the country.

Several leading girls’ schools are buying tracts of land in the South West with backing from their foundations.

Apartment developer Finbar Group has forecast a net profit of $11 million for the financial year, which would be a 15 per cent increase from the previous period.

Roger Cook has conceded the state government may have changed tack on infrastructure spend had it had the benefit of hindsight.

Retirement home operator Arcadia Waters has purchased the 194-unit Lattitude Lakelands village for close to $5.5 million.

Rental demand in Perth continue to rise but with vacancy rates plummeting, experts say more investors are needed to increase supply.

Vulcan Engineering bought the 1.5-hectare asset from a Queensland glass and aluminium manufacturer.

WA building companies are learning from the collapse of competitors over the past 12 months.

Hancock Prospecting has paid what is believed to be a record price for the six-storey building currently occupied by Santos.

Border-related labour shortages, government stimulus, persistent supply chain issues and a lengthy construction pipeline have made Perth the most expensive place to build in the country.

A $40 million plan to expand an aged care facility and make use of a vacant prominent street corner in Maylands has been given the green light.

An application has been lodged to increase the height and number of apartments of a development on the Chellingworth Motors site in Nedlands.

Fremantle’s Silverleaf Investments bought the eight-storey building at 186 St Georges Terrace for $16.1 million.

An 11,170-hectare parcel of land that belonged to Texan entrepreneur Joseph Matthews has sold to VIMG for about $40 million.

A former contractor of a failed Pindan entity has been brought out of liquidation to allow the construction company to pursue an insurance payout over alleged building defects.

An attempt to revive a rejected 18-storey office building proposal opposite Crown Towers has failed.

Optic Property will focus on off-the-plan project sales, and area director Luke Parker says there’s a shortage of it in WA.