The Real Estate Institute of Western Australia has renewed its push to increase the stamp duty exemption threshold for first homebuyers, as part of a six-point plan it unveiled to help breathe new life into the state's weak residential construction and property markets.
SPECIAL REPORT: Western Australia's record housing downturn has shaken up the hierarchy of the state's biggest builders, with ABN Group now topping the list and two new entrants making their way into the market's top five since industry activity peaked midway through the decade.
SPECIAL REPORT: Forecasts are finally turning positive for WA residential construction, as the industry continues to evolve its offering in a new era of increased housing diversity.
AMP Capital has secured tenants for four whole floors of 140 St Georges Terrace, which has pushed the vacancy rate at the office tower to below 1 per cent.
The median price of a house in Perth recorded the largest decline among all state capitals for September, with the slump over the past five years now surpassing 20 per cent, according to the latest CoreLogic data.
Canning Bridge is shaping up as Perth's newest billion-dollar precinct, with a suite of new projects collectively worth $595 million adding to more than $400 million worth of development under construction or recently completed.
Consistency across local governments and clear guidelines for decision makers are top priorities for the state government's comprehensive suite of planning reforms.
Commercial and residential developer MGroup is confident it can avoid any scandals around building defects, largely because of its decision almost a decade ago to establish a construction division to carry out its own works.
SPECIAL REPORT: Landlords unwilling to budge on rents have been blamed for exacerbating Perth's retail downturn, but leading leasing agents say the sector's problems are substantially more complicated than the cost of tenancies.
The McGowan government has inked its biggest privatisation deal yet, with Landgate's titles register to be operated by a consortium including industry superannuation funds and a Macquarie Group fund, in a deal worth $1.4 billion.
Lending to investors and first homebuyers in Western Australia is showing early signs of a rebound from its record slump, according to the latest seasonally adjusted data from the Australian Bureau of Statistics.
The $270 million redevelopment of Fremantle's Kings Square is indicative of the experiential emphasis retail property owners are embracing across the city.
The median price of a house in Perth decreased by 0.5 per cent for August, recording the largest fall of all state capitals, according to the latest CoreLogic data.
Perth-based Perron Group has bolstered its management team with the recruitment of a dedicated chief financial officer, while also appointing a general manager of governance, taxation and risk in a
Buildings are still not coming out of the ground at one of Perth's premium pieces of riverside real estate, despite $83 million of investment by the state government in the nearly eight years after a developer was appointed.
International property group LOGOS has announced the development of two state of the art facilities for Fisher & Paykel and Toll Transport at its Hazelmere Logistics Estate in Perth.
Perth's largest home builder has shone a rare light on its financial performance, with annual accounts for BGC Australia revealing big investment write-downs and large bottom-line losses over two years.
Shopping centre giant Vicinity Centres has felt the full force of WA's weak retail climate, after it recorded a $227 million write-down, largely due to the performance of its WA portfolio, which had $191 million wiped off its value.
Construction has started on a new aged care centre at LandCorp's Claremont on the Park redevelopment, with Oryx Communities today breaking ground on The Queenslea project.
An initiative being rolled out in Perth's northern suburbs promises to reduce the costs of installing residential solar panels while also creating a new asset class for institutional investors.
Neighbourhood shopping centres and supermarkets are drawing significant investor interest, with more than $140 million worth of transactions occurring in 2019.
Privately owned property group Canute Investments has launched a $140 million national asset sell-off, including a shopping centre in Perth's northern suburbs, commercial properties in West Perth and Ellenbrook, and a large residential portfolio.