Two commercial sites on West Coast Drive in Sorrento were sold to Megara for $9.75 million last month, and are set to be developed into luxury residential apartments.
Central Park management has confirmed plans to refurbish the office tower's lobby and forecourt, and has said the integrity of Brian McKay's artworks will be maintained.
Commonwealth Bank-owned Bankwest is slashing its three-year owner-occupier mortgage rate as lenders chase an ever decreasing number of suitable home loan customers.
Perth's hotel construction boom is entering its final phases, as existing and new operators adjust to a market transformed by the largest pipeline of development in Western Australian history.
Ferrier Hodgson has launched a quickfire sale of Rental Management Australia, one of 12 businesses associated with fund manager Sterling First that went into administration earlier this month.
Administrators have been called in to 12 companies under the umbrella of South Perth-based Sterling First, which claims to have a residential property portfolio of $900 million.
WA's commercial construction bosses remain cautiously optimistic, even as the industry reels from the longest and largest contraction of activity ever recorded.
Construction of Perth's next premium grade office tower will commence in the middle of next year at Elizabeth Quay after Brookfield Properties and Chevron signed a 15-year sale-and-leaseback deal today.
FBR, formerly known as Fastbrick Robotics, has commenced a 50/50 joint venture with Brickworks, called Fastbrick Australia, to provide a ‘Wall as a Service' offering to the Australian market.
The number of dwellings approved in Western Australia have bucked the national trend and risen by 3.8 per cent in trend terms to reach its highest point since July, according to the Australian Bureau of Statistics' latest data.
There were 666 apartment approvals in inner Perth for the 12 months to February, a sharp fall from 2,069 in the prior corresponding period, which could driven by high supply in a weak market, according to a new report.
Mirvac is trialling a rent-to-buy initiative at its Claremont by Mirvac development, joining a handful of other developers in Australia to adopt an arrangement that is common in the US and Europe.
National developer Mirvac is seeking to leverage the strength of its balance sheet to pursue new opportunities, at a time much of its competition is stifled by a lack of available finance.
Property analyst CoreLogic has suggested the worst of the residential market downturn across Australia has passed after releasing new data showing Perth dwelling prices fell by 0.4 per cent in April, taking the total decline since the market peaked to 18.4 per cent.
The Plunkett family is seeking to sell a major landholding just south of the coastal town of Guilderton, after updating development approvals to address issues that adversely affected an earlier sales campaign.
LandCorp and energy trading platform Power Ledger have unveiled a 100 per cent renewable energy residential development at East Village at Knutsford near Fremantle.
Engineering firm Worley is set to consolidate all its Perth offices at 240 St Georges Terrace, including the recently acquired energy chemical and resources (ECR) division of Jacobs.
Developer 3 Oceans Property is looking for joint venture partners for a redesigned Iconic Scarborough project, after it announced the $450 million project is officially on hold due to the current market making the development financially unviable.
Perth City was the only inner city area to be classed as a building hotspot in Western Australia, with most building approvals occurring in the outer suburbs, according to a Housing Industry Association report.
Shares in the Simon Trevisan-chaired startup, Assetowl, more than doubled today, after it signed a trial agreement with The Agency Group Australia for its property management software.
Housing finance provider Australian Finance Group says lending for homes in the first three months of 2019 in Western Australia has plunged to the lowest level since it began tracking mortgage values in mid-2012.
Apartments developer Momentum Wealth will work closely with the Trigg community to shape the design of its boutique project at the Yelo Café site on West Coast Highway, with retention of a hospitality tenancy on the ground floor a top priority.
Perth-based real estate agent The Agency Group Australia has recorded a bumper March quarter, including its second highest commission revenue for a quarter on record.
