A Wanneroo building tenanted by manufacturing company Klen International has sold for $5.2 million, following a private treaty campaign run by Ray White Commercial.
The state's property market was on the cusp of recovery pre COVID-19 according to CoreLogic, which recorded four consecutive months of Perth dwelling value increases in early 2020 – the longest stretch of capital growth since 2014.
ASX-listed apartment developer Finbar Group has established a new business division, appointing an in-house sales team led by former Knight Frank head of residential Western Australia Neil Kay.
The state government has introduced a package of planning reform measures that include streamlining approvals for 'significant' developments, with the aim to boost economic recovery.
Aged care and retirement living service providers are pushing ahead with property developments, but say COVID-19 could have a lasting impact on the sector.
Australia Post has leased 11,000 square meters across two industrial properties in Perth off the back of increased demand for essential goods, with the deals brokered by JLL.
Revised plans for two new towers at the old Emu Brewery site in Perth have officially been given the green light, following the City of Perth Local Development Assessment Panel's recommendation for approval by absolute majority last week.
Brookfield Properties has filled its last vacancy at 123 St Georges Terrace welcoming global recruitment firm Robert Walters on a seven-year lease, the deal settling at a time when Perth's commercial market faces some uncertainty.
BGC Australia has taken its second major step to consolidate its residential businesses, announcing the merger of the BGC Housing Group and Ventura Home Group.
Architects are hoping the government will consider a series of targeted initiatives to stimulate the economy as attention shifts to COVID-19 recovery plans.
An expected pick-up in commercial construction activity in Western Australia has been wiped out by COVID-19 restrictions, with Master Builders Association now tipping a small decline over the next two years. The outlook is worse at a national level,
As shops across WA begin to reopen as social distancing restrictions ease, retail property owners are starting to reflect on the health of their assets.
Western Australia-based Mair Property Funds has bought a West Perth property and an office in Victoria, for $10.6 million and $13.9 million respectively.
The Housing Industry Forecast Group (HIFG) has downgraded its estimate on the number of dwellings to be built in Western Australia for the current financial year, with the updated figure almost 20 per cent lower than FY19.
The number of homes being built in Western Australia has fallen by 25.2 per cent since coronavirus-related restrictions were implemented in late March, according to Housing Industry Association (WA), which has predicted the state will be the first to experience a homebuilding downturn.
Stirling Capital's Cirque Mount Pleasant and Armadale Fitness and Aquatic Centre by the City of Armadale were recognised at today's UDIA National Awards for Excellence 2020.
Activate Perth chair and mayoral hopeful Di Bain has penned an open letter to the state government lobbying it to spend up to $130 million raised through Perth CBD's parking levy as stimulus for the city's commercial tenants.
Tian An Australia says it's committed to progressing its 300-berth marina after the Shire of Murray knocked back its proposal late last month, with the developer claiming the Shire has taken “unorthodox action” in regards to a planning amendment.
Major commercial construction jobs have been derailed by the novel coronavirus crisis, with neither the public nor the private sector stepping up to provide certainty for contractors.
The Australian Institute of Architects is calling on governments to drive targeted initiatives that could stimulate the property sector, helping to accelerate economic recovery from COVID-19.
Two court rulings this month have paved the way for the continued investigation of property developers Allen Caratti and Tina Bazzo, who are being pursued by the Australian Tax Office, the Federal Police, and liquidators.
Lendlease aims to raise about $1.15 billion to guard against market uncertainty brought about by the coronavirus outbreak and has withdrawn all forecasts provided with its first-half results.
