Property

Perth house prices recorded the biggest decrease amongst state capitals for June, continuing the long-term slump, according to CoreLogic data released on the same day the state government's Keystart stimulus began.

The state government has fined BGC Residential and nominated supervisor Thomas Edmund Starkey $22,000 and $10,000 for breaching building registration laws after roof defects were found in two Perth homes.

A $55 million development in West Leederville and a $27 million development in Mount Lawley have been approved this past week, with more than one hundred residential spaces to be completed in Perth's north within in the next three years.

WorkSafe is prosecuting four parties over the death of 17-year-old Wesley Ballantine, who fell through a void in the roof during a construction project at the old General Post Office building in Forrest Place in 2017.

A real estate sales representative who stole money from an agency's trust account has been banned for life from holding a certificate of registration in the industry in WA.

Primewest has struck a deal with international engineering firm Fugro to lease more 3,000 square metres at one of its West Perth buildings.

Locally-based Real IQ Real Estate Company has joined the member network of international company TCN Worldwide Real Estate Services.

A report commissioned by the Property Council of Australia has found many Perth residents value the benefits of density.

An internal investigation is under way at the corporate watchdog over the collapse of investment company Sterling First, which Business News first revealed had entered administration last month.

Yolk Property Group is developing a 161-lot lakeside residential estate at Champion Lakes that will feature innovative housing products, a recreational and hospitality precinct and an aged care facility, in partnership with Southern Cross Care on behalf of the Metropolitan Redevelopment Authority.

JWH Group is refining its offering for first homebuyers who favour location over size.

Andrew Forrest has invested $15 million on Fremantle property assets in the past 15 months, as the biggest regenerative project in local history nears completion

FIRM Construction has begun work this week on the redevelopment and expansion of Prendiville Group's Hotel Rottnest.

One of the US's biggest players in commercial property is using Perth as a launchpad to building a presence across Australia and the Asia-Pacific, establishing an alliance with local agency Vicus Property Group to underpin its plan.

The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.

Opening four venues in a heritage building in Fremantle is the latest venture from the team responsible for taking Oktoberfest national.

The state government has taken a first step to protect subcontractors by introducing a bill to establish a specialist investigations unit within the Small Business Development Commission.

Apartment investors are increasingly buying for the same reasons as owner-occupiers, with larger dwellings and proximity to public transport, shops and other amenities the major determining factors.

Housing affordability improved slightly in the March quarter in Western Australia, while the number of first home buyers and approved loans decreased.

Perth-based fund manager Lester Group has bought two off market industrial properties in Forrestfield and Bibra Lake, for a combined $19.15 million.

The Reserve Bank of Australia has cut the cash rate to 1.25 per cent, a day after CoreLogic data revealed Perth house prices continue to fall more sharply than other state capitals.

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

A major east coast homebuilder led by the former boss of BGC Residential is planning to expand its national footprint, and WA is in its sights.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

Apartment developer Edge Visionary Living has added an 82-dwelling project in Subiaco to its burgeoning pipeline of works, with the firm continuing to find opportunities in a difficult multi-residential market.

OPINION: The economic pressure simmering away below the surface in many households was a key factor in the surprise federal election outcome.

Mirvac has launched a $750 million placement, with the property group eyeing the top end of its FY19 guidance and planning to lay the foundations for more success.

The Housing Industry Forecasting Group has downgraded its forecast for new house builds in Western Australia for this year financial year to a record low, tipping a 13.9 per cent decrease from its previous forecast.

The inaugural State Design Review Panel has been appointed to oversee the design quality of major new development proposals in Western Australia.

Two Perth property companies have helped shift perceptions around apartment living, with a long-running commitment to design innovation.

A handful of big, integrated, high-rise projects with a combined value of $2.2 billion will reshape the waterfront site.

Privately-owned Perth company Perron Group has added to its vast property portfolio by purchasing a 50 per cent stake in Sydney's Westfield Burwood shopping centre for $575 million.