Axiom Properties has launched its first Western Australian project since it exited the Port Geographe canals subdivision near Busselton in 2011, acquiring a three-hectare retail site in Butler for $9.6 million.
Western Australia’s building downturn and increased take-up of smaller dwellings is providing impetus for the adoption of alternative construction techniques, with builders seeking to pass cost and time savings on to homebuyers as they battle to maintain market share.
The state’s land developers are rolling out stock at a much higher capacity than needed, with the excess product hitting the market resulting in median land prices falling to around $5,000 under fair value.
The Australian Securities and Investments Commission has banned Western Australian company director Richard Philip Lambe from providing financial services for three years, the latest ban from its investigation into Veronica Macpherson's Macro Group.
Fresh supermarket proposals are emerging across a range of near-city suburbs, including Highgate, West Perth, Nedlands, Inglewood and Como, as retail groups respond to community demand for modern shopping facilities.
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.
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.
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.