Buyers at Finbar Group's $400 million Civic Heart project are being refunded their deposits, after the state's largest apartment developer announced it would scale back the size of the tower because of uncertainty regarding planning rules in South Perth.
Disruptive technologies continue to gain traction in the property market, with more than 400 Western Australian agents expected to use online advertising portal HumblAbode by the middle of this year, while a Perth-based firm is taking a software platform designed to simplify back-office transactions to the ASX.
Property industry bodies have entered the state election fray, with both the Urban Development Institute of Australia and the Property Council of Australia lobbying for stamp duty concessions and planning reform to boost housing affordability.
Sydney-based property fund manager and investment group CorVal has made a big acquisition in Western Australia, buying Northbridge office building WorkZone East from Charter Hall in a $68.2 million deal.
A company associated with Builton appears to be manoeuvring to complete two of the biggest jobs of the failed development and construction company - the Quattro on Burswood and Vue Maylands apartment projects.
SPECIAL REPORT: Developers are working more closely than ever with Western Australian builders to provide a diverse range of housing options to cater for changing lifestyles in a rapidly evolving market.