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Green light for student living in the city

A University of Western Australia-backed plan to build a major student accommodation facility in Perth's CBD has made major progress, with a Stirling Street proposal by developer Stirling Capital getting the nod from planning authorities.

This week's property round-up

This week, Reiwa members reported an increase in weekly sales to 579. The overall 3 per cent increase in sales over the week is attributed to a 7 per cent increase in sales for houses and 1 per cent for units.

Builders adjust to market plunge

The state's residential building sector is in line for the biggest single-year decline in building activity in its history.

Watchdog to shut down property agency

A Pilbara-focused real estate agency in Victoria Park has had a supervisor appointed to its financial operations and will be wound up under orders from the Department of Consumer Protection.

Mirvac, MRA terminate City Link agreement

The Metropolitan Redevelopment Authority has been forced to reassess its development strategy for the remaining lots of the Perth City Link, with a long-term agreement with Mirvac Group terminated today.

Point Fraser a coup for riverside dining

A 33-year wait for a major hospitality development on the Swan is almost over.

Ready-made for downsizer market

Boutique developer Baltinas Made has responded to demand for larger apartments at its latest Mount Street development, giving buyers the opportunity to custom-build dwellings.

Investors target CBD offices

Interest in commercial property in Perth's CBD is on the rise, with interstate institutional groups and syndicators eyeing Perth as an alternative to crowded and competitive eastern states markets.

Pricing key at the top end

Green shoots are beginning to emerge for high-end property transactions in Perth, but sellers need to meet the market to ensure inquiry turns into sales.

Retailers needed to fill expanded malls

Shopping centre owners will need to fill 1,784 new shops by 2020, if an estimated $4.5 billion wave of mall development in Perth comes to fruition.

Aldi ready for big June opening

Aldi continues to gear up for the June opening of its first four Perth stores, with its $60 million distribution centre in Jandakot receiving stock and Western Australian producers lining up to sup

Charter Hall in $82m land buy

A newly-established trust managed by Charter Hall has purchased four properties leased by Perth-based Automotive Holdings Group in a deal worth $82 million.

The Local sells for $2.5m

Leederville-based syndicator Scope Property Group has added The Local Hotel in South Fremantle to its portfolio, buying the freehold of the historic watering hole in a deal worth $2.5 million.

Asset investment slows to $23bn

The state government expects lower contracting and construction rates will deliver savings of more than $1 billion on its asset investment program over the next four years, but has not committed to any major new infrastructure projects.

Diploma denies insolvency claims

Diploma Group chief executive Nick Di Latte has strongly denied claims by subcontractors that the ASX-listed company was behind on paying its bills, saying recent activity by the company had placed

This week's property round-up

Reiwa members reported a decrease in weekly sales to 549 this week. The overall 19 per cent decrease in sales over the week is attributed to an 18 per cent decrease in sales for houses, 15 per cent for units and 33 per cent for land.

App an agent of change

More than 800 Western Australian real estate agents have signed up to join followit, an app designed to bring a social media-style interface to property advertising.

Singaporeans plan 52-storey tower

Plans for another apartment tower of more than 50 storeys in the Perth CBD have emerged, with Singaporean developer Fragrance Group's $200 million Milligan Street proposal to vie for the title of Perth's tallest residential building.

Landlords pave way for global shops

Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.

Built to build new CBD hotel

A construction start is imminent on yet another CBD hotel, while Western Australia's tourism sector is in line for a $30 million marketing boost as the state government moves to the next phase of i

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