Perth house prices have risen for the second straight month, according to new data from the Real Estate Institute of Western Australia, which released its monthly figures today ahead of market analyst CoreLogic.
Saracen Properties will reassess plans for a redevelopment of the historic Royal George Hotel in East Fremantle, after Planning Minister Rita Saffioti backed a proposal to limit building height on the site to seven storeys.
The number of new homes being built in Western Australia has fallen to its lowest level since records started in 1984, with little signs of improvement predicted in the next few years, according to the latest report from the Housing Industry Forecasting Group.
Shares in robotics company FBR have fallen nearly 13 per cent today, after more than 40 per cent of shares were voted against both the remuneration report and performance rights plan at the Perth-based company’s annual meeting.
A crackdown on lending by Australian banking regulators has placed further pressure on Western Australian homebuilders, with a decline in housing finance in the state extending to a sixth consecutive year.
Property group Blackburne has released further details of its planned development of the Pavilion Markets site in Subiaco, with its plans including a reduced number of apartments spread across three buildings.
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