Property

The Urban Development Institute of Western Australia is calling on the state government to commit to significant property tax reform in its upcoming budget.

Aspen Group plans to spend $52 million buying and refurbishing a portfolio of Perth apartments with an extraordinarily high 59 per cent vacancy rate.

A lengthy reform process has created uncertainty in the retirement living sector.

Blackoak Capital Ventures has launched a $40 million investment fund targeting opportunities in the Specialist Disability Accommodation sector.

Hardware giant Bunnings’ plan to relocate from Subiaco to Jolimont is another step closer, after City of Subiaco planning officers recommended council endorse the $28 million proposal.

Edith Cowan University has released the first designs of its 11-storey city campus along William Street.

GPT Group has confirmed it is in talks with Western Australia-based Ascot Capital to acquire its portfolio of commercial assets for circa $800 million.

Jaxon’s Forrest Hall project was nearly empty today despite the company's hopes earlier this week that contractors would be back to work within days.

Finbar Group has lodged plans for a two-tower apartment building on the site of the heritage-listed chemical labs in East Perth.

Far East Consortium’s plan for a 15-storey mixed-use development on the corner of Roe Street and King Street has been given the green light.

Mirvac Group has announced its intentions to sell its 31-storey Allendale Square office building along St Georges Terrace.

Property giant Goodman Group has improved full-year profit by more than 53 per cent but shareholders will not see more in dividends.

ASIC has launched another lawsuit against Morley real estate developer MKS Property and Monica Kaur over allegations they helped raise $11 million as part of an unregistered investment scheme.

How has the state government’s streamlined development assessment pathway performed in the year since its establishment?

Jaxon Construction says it has paid a majority of the subcontractors on its Forrest Hall project, after days of speculation about the future of the company.

The state government awarded Pindan two multi-million dollar contracts despite having assessed the company as a financial risk because of its failure to meet several financial thresholds.

Build-to-rent apartment projects could solve the state’s housing challenges, but red tape remains a major issue.

Developers are pushing ahead with apartment projects, despite uncertainty clouding construction costs.

More than $951 million worth of Perth office assets have transacted so far in 2021, trending close to pre-pandemic volumes, according to the latest report from CBRE.

Contractors and creditors of Jaxon Construction are continuing to await an outcome of the company’s funding application, after a meeting today delivered no resolution.

An application to build a multi-tower mixed-use development on Brighton Road is the latest in a series of towers proposed for the Scarborough area.

Fortescue Metals Group has leased more than 3,000 square metres of space at an office building close to its headquarters in East Perth.

The Town of Cottesloe is lobbying for tighter control over the significant development assessment pathway, following the approval of an apartment building last week.

Perth property development firm Stirling Capital's $20 million Marine Village Apartments proposal has been given the green light.

An opening date has been set for the final stage of the $800 million Karrinyup Shopping Centre redevelopment, which will include a new dining and entertainment precinct.

Western Australia-based property syndicates Baron Property Group and Vanilla Property Investments have made a $10 million play for an aged-care facility as part of a new joint venture.

Gary Dempsey Development's contentious plan for an apartment building along Cottesloe's popular beachfront strip has been approved by the Western Australian Planning Commission.

Herbert Smith Freehills has signed a deal to relocate its offices from QV1 along St Georges Terrace to One The Esplanade at Elizabeth Quay, once construction is complete.

Perth’s office markets may be starting to turn the corner, with both the CBD and West Perth recording a drop in vacancies for the six months to July 2021.

Former UDIA president Darren Cooper will take over as chair of DevelopmentWA following George McCullagh’s resignation at the end of this month.

The state government has confirmed its $35 million per year social housing maintenance contract will continue following the approved sale of Pindan Group’s asset management arm.

The Town of Cottesloe says it’s disappointed with the state government’s streamlined development assessment process, after it was left in the dark over revised apartment plans for Marine Parade.