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Chinese investor buys Vasse Coles for $20m

An unnamed Chinese private investor has purchased a Coles supermarket in the state’s South West for $19.6 million, part of a $50 million asset sell-off by the retail chain.

Aegis, Juniper lead aged care growth

SPECIAL REPORT: WA is continuing to boast a strong aged care development pipeline, and the completion of multiple major developments has meant an increase in bed numbers for some providers.

Property slump playing role in retirement plans

SPECIAL REPORT: WA is not matching the national rate for retirement apartment and home builds.

WA home loans up 2.4%

The total number of home loans rose by 2.4 per cent in Western Australia last November, against a 0.9 per cent fall nationally, according to the Australian Bureau of Statistics.

Court rules against land developer

The Supreme Court has found prominent land developer and real estate agent Colin Heath breached his fiduciary duties in regard to his role in long-running land development ventures with the Godecke family.

Survey reveals shared concerns over Airbnb users

Property owners using websites such as Airbnb to rent out their homes share similar concerns to their neighbours over short-stay users, with a new survey indicating both groups support tighter regulat

Father-and-son builders fined $20,000

Jason Burns Homes has been fined $20,000 by the State Administrative Tribunal after the father-and-son building partnership failed to rectify defects at three new homes.

Strata changes offer premium potential

Western Australia’s revamped strata regulations have made it easier for property owners to sell together and realise a higher premium than if they sold individually, particularly in strategic locations.

Perth property recovery a slow road: Riskwise

Property investors in Perth are facing a bleak outlook, according to new research, which showed a combination of oversupply of units and apartments, lending restrictions and low rental returns would result in 15 per cent negative growth over the next five years.

Strong growth for Perth’s luxury suburbs

Seven out of the 10 Perth suburbs to have achieved the largest median house price increase in 2018 have at least a 37 per cent higher sale price than the overall Perth median of $505,000, according to the latest Reiwa data.

Finbar plans share buy-back

Finbar Group has announced an on-market share buy-back program under which the company could spend about $16 million repurchasing 7 per cent of its own shares.

Quantify moves on manufacturing plans

Shares in Bentley-based Quantify Technology were up as much as 14.3 per cent today after the business signed a deal with Taiwanese company Foxconn Technology to progress towards manufacturing of its intelligent building management gadgets.

Reports offer contrasting outlook for Perth home prices

Fresh forecasts have delivered a mixed outlook for Perth residential property in 2019, with CoreLogic-Moody’s Analytics predicting another year of median house price declines, while Domain expects the Western Australian capital to be Australia’s best-performing city.

Thomas continues metro shift with Booragoon apartments

Construction has started on Thomas Building’s latest contract win, a $9 million, 25-apartment complex in Booragoon, as the formerly Pilbara-focused builder continues to grow its Perth operations.

Credit access top barrier to 2019 house price growth

Access to credit will remain the most significant barrier to house price growth in 2018, in Perth and across the nation, according to market analysts CoreLogic.

Puma pulls out of Dunsborough

Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.

Kewdale property sells for $45m

Charter Hall Group has acquired Coca-Cola Amatil’s principal Western Australian production facility for $45.25 million.

Brookfield gets green light for $480m in Perth office projects

Perth’s next wave of CBD developments is taking shape, with Brookfield Property Partners’ plans to add an 8-storey office tower to a redeveloped Elizabeth Quay busport approved this week, and its $360 million riverside headquarters for Chevron also understood to have gotten the nod from planning authorities.

NXT Tec raises bar for sustainable builds

A WA-based construction industry disruptor has delivered a world-first in environmentally sustainable building.

Sheffield turns focus to asset sales as office interest grows

Commercial property agency Sheffield Property Group has established an asset management division in anticipation of increased transactional activity in Perth’s office market in 2019.

Finbar facing stinky situation at Palmyra apartments

Finbar Group is embroiled in a court battle over whether it has to tell potential buyers of apartments at its $50 million Palmyra project that the D’Orsogna factory across the road may produce bad smells.

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