Signs of recovery across Perth's property market continue to emerge, with the latest figures from the Urban Development Institute of Australia showing land sales were up 4 per cent for the December 2017 quarter.
Perth's CBD office market vacancy is improving, but there's a growing gap between different market segments, with premium product luring tenants at the expense of lower-grade stock.
Singaporean-listed OKP Holdings has made its first foray into Australia, via the purchase of an East Perth property for $43.5 million from BGC directors Andrew and Sam Buckeridge.
The state government has endorsed findings by the Environmental Protection Authority that will allow for urban development on a portion of land near an Alcoa waste dump in Perth's southern suburbs.
Matteo Tirapelle is a keen advocate of high-rise construction in Perth, taking a resourceful approach to structural engineering that promotes the use of alternative materials such as timber.
Cooper & Oxley Builders has today gone into voluntary administration, but only after taking legal action to try and retrieve a $5 million investment in the Kings Square project in Fremantle.
Tech firm Servtech Global Holdings has announced the resignation of chief executive Brett Quinn, while appointing company secretary Derek Hall as a non-executive director and Simon Ingleson as general manager.
Singapore-based developer Dradgin Pte disclosed today it had offered financial assistance to Cooper & Oxley Builders, which has suspended work on all its construction sites this week.
Cooper & Oxley Builders, which is one of the 10 largest construction companies in Perth, has suspended work on its projects while it reviews its financial viability.
The state government has selected investment bank Investec as its commercial adviser on land registry agency Landgate, adding to speculation it is a likely privatisation target.
North Fremantle-based Mustera Property Group has announced the launch of a new fund, with its first purchase being a $16.5 million shopping centre in Perth's southern suburbs.
Three building companies with strong indigenous links have been appointed to a panel that will handle at least $25 million of state government housing work in the Pilbara and Kimberley regions.
Perth house prices fell 0.4 per cent in January, according to the latest data from CoreLogic, though its figures have disguised big gains in some of Perth's more affluent suburbs.
Early signs of recovery are starting to emerge across Perth's CBD office market, with vacancy rates falling below 20 per cent for the first time in two years, according to the Property Council of Australia.
Perth-based building systems manufacturer Pro9 Global has completed an $8 million capital raising that will fund the construction of a manufacturing plant in Sydney.
Perth-based GM Property Group has sold its 4.1-hectare industrial site in Blackburn Victoria to east coast investment group Forza Capital for $31.5 million, on a passing yield of 6.6 per cent.
Western Australian builder Choiceliving (WA), which trades as Choice Living Homes, has been placed into administration less than one week after its building contractor registration was suspended.
Building approvals in Western Australia have dropped to the lowest levels in 16 years, according to the latest figures from the Australian Bureau of Statistics, while a new housing affordability survey has labelled the Perth housing market ‘severely unaffordable'.
SPECIAL REPORT: LandCorp is boosting land supply across Perth's established suburbs, but it's just a small step towards achieving long-standing goals for urban infill.
SPECIAL REPORT: Urban Quarter has taken a counter-cyclical approach in building its project pipeline, securing more than $70 million worth of freehold land developments in the past four years.
SPECIAL REPORT: Another tough year has failed to dampen the spirits of many in WA's land development sector, with key players gearing up for a brighter 2018.
Foreign investors are making their mark on Perth, accounting for more than half of the purchases in the CBD office market in the past two years, according to Savills Australia.
Domain's shares have plummeted following the surprise resignation of its chief executive, Antony Catalano, which comes less than four months after the real estate classifieds business listed on the Australian Securities Exchange.
ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.
