Capital shift to east coast assets

Uncertainty in Perth's commercial property market has resulted in a sustained flow of capital into east coast assets, according to a local syndicator.

Contentious tower wins DAP approval

Developer Edge Visionary Living has welcomed the end of an 18-month battle to win approval for an apartment project at 74 Mill Point Road in South Perth.

This week's property round-up

Reiwa members reported an increase in weekly sales to 626 this week. The overall 14 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses.

Court ruling exposes Nicheliving rift

The co-founders of property developer Nicheliving are mired in a legal dispute after plans to buy out key executive Danne Forte were halted when other directors questioned his financial projections.

Bob Day quits parliament as Collier Homes parent goes under

A key supporter of the federal government in the Senate, Family First's Bob Day, is quitting parliament because of financial problems with the housing group he founded, which trades as Collier Homes in Western Australia.

1,000 houses in new social package

The state government has committed to build, buy, or lease 1,000 homes for low-income earners and seniors, with a new social housing initiative announced today.

DAPs tweaked for more transparency

The state government has moved to make the development assessment process more transparent, unveiling a raft of changes to the system in response to feedback from local governments and resident gro

No house price gains for 3 years: QBE

House prices in Perth are expected to fall by 10 per cent from their 2014 peak by June 2019, according to a new report commissioned by QBE.

Asic cancels Macro's financial services licence

Veronica Macpherson's Macro Realty Developments has had its Australian financial services licence torn up by the corporate regulator.

LandCorp offers industrial sales bonus

LandCorp is offering to pay stamp duty of up to $100,000 to purchasers of land at 23 of its industrial estates across Western Australia, in its latest effort to stoke sales.

Goh for growth at Elizabeth Quay

Elizabeth's Quay's newest project is a big step forward for one of Malaysia's most prolific developers.

Boutique builds a package deal

SPECIAL REPORT: Boutique builders are finding their bespoke approach is helping insulate them from the widespread slowdown of activity.

Scramble to keep starts up

SPECIAL REPORT: Divergent strategies are emerging as builders struggle to maintain relevance in WA's hard-hit housing construction sector.

Building in design flexibility

SPECIAL REPORT: WA builders are responding to the industry's slowdown by giving potential homebuyers unprecedented choice.

Wilkins highlights new direction for Lease Equity

Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.

Federal funds for Mends Street

South Perth's Mends Street precinct is in line for an overhaul, after the federal government committed $2.5 million towards a $7.5 million redevelopment.

Construction activity expands in September

Engineering construction helped overall building activity return to expansion in September.

Construction contracts and tenders September 22 to October 5, 2016

The Housing Authority has awarded three contracts totalling $6.5 million.

This week's property round-up

Reiwa members reported an increase in weekly sales to 600. The overall 24 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses, 36 per cent for units and 44 per cent for vacant land.

Perth home prices retreat to ‘07 lows

Perth dwelling values tumbled by 2.5 per cent last month to their lowest level in nine years as weak demand continued to cripple the housing sector in Western Australia.