Perth unit sales during the March 2021 quarter reached the highest volume recorded since 2013, according to the latest data from the Real Estate Institute of Western Australia.
Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.
Western Australia’s property market has come out on top for having the most positive outlook in the country, but industry says tax reform is needed to underpin growth.
The Metro-Inner Development Assessment Panel has deferred a decision on an $18 million development in Shenton Park the local government recommended it refuse.
The Real Estate Institute of Western Australia has revised its predictions for house price growth in 2021, forecasting a 15 per cent increase by the end of this year.
Gary Dempsey Developments has reduced the height of its $22 million beachfront development proposed along Marine Parade in Cottesloe, as part of revised project plans.
The Reserve Bank knows it is fueling cheap finance for home buyers, as property prices surge in cities and the regions, but is not worried about undue risk to financial stability.
Michael Henderson has announced he will leave Perth-based architects Carabiner (formerly Sandover Pinder) after two decades as executive chair and chief executive.
A $107 million plan to transform several Como lots into a 10 to 15-storey mixed-use development has surfaced this week, the latest to be lodged with the state’s new assessment body.
Perth’s Local Development Assessment Panel has given the green light to major changes to a $122 million plan to refurbish the ageing Elizabeth Quay bus station and surrounding precinct.
Western Australian Planning Commission chair David Caddy will spend another two years in the top job after the state government extended his appointment until 2023.
Perth house prices rose 1.8 per cent in March, lower than almost all capitals, while selling times are the fastest since 2006, according to recent property data.
Australia’s homebuilding sector smashed another record last month, with detached building approvals in February reaching their highest level since 1983.
Benchmark Projects Australasia founder Chris Carman plans to wind down the company, following his appointment at global professional services firm Turner & Townsend.
Perth was one of the fastest growing capital cities in Australia last year, with its population reaching 2.1 million, but the rest of the state lagged well behind.
Spending patterns in WA have changed since the early days of the COVID-19 pandemic, with the state unexpectedly entering a housing boom after years of slowdown.
