LandCorp is offering to pay stamp duty of up to $100,000 to purchasers of land at 23 of its industrial estates across Western Australia, in its latest effort to stoke sales.
South Perth's Mends Street precinct is in line for an overhaul, after the federal government committed $2.5 million towards a $7.5 million redevelopment.
Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.
Reiwa members reported an increase in weekly sales to 600. The overall 24 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses, 36 per cent for units and 44 per cent for vacant land.
A Karratha-focused property developer that was jointly established by Boom Logistics director Terence (Jack) Hebiton has been placed into voluntary administration.
Perth dwelling values tumbled by 2.5 per cent last month to their lowest level in nine years as weak demand continued to cripple the housing sector in Western Australia.
Malaysian property group Seri Mutiara Development is planning a $100 million residential project in Perth's southern suburbs, having bought three plots of land at Cockburn Central West.
A public art gallery and viewing platform 45 storeys above the ground will create a new tourist drawcard at Elizabeth Quay, with the latest development at the state government's flagship redevelopment project unveiled today.
Japanese fashion retailer Uniqlo will open its first Western Australian store in Perth's Murray Street Mall, with a flagship two-level shop anchoring a $6 million redevelopment of Plaza Arcade.
Buyers' agency and developer Momentum Wealth has braved Perth's patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.
BGC has relinquished its spot as Australia's most prolific home builder, but it is still the biggest builder in Western Australia, as the downturn in housing construction continues to be felt.
Perth home prices fell 1.2 per cent in the three months to June, official figures released today have shown, while the average price across Australia's capital cities rose 2 per cent.
The biggest single user of Fremantle Ports, Mediterranean Shipping Company, has unveiled a new headquarters for its Australian and New Zealand operations in a heritage building in Fremantle's historic West End.
Osborne Park-based builder Quattro Homes has been placed into administration, the fourth residential builder in Western Australia to collapse in the past three months.
Housing investment and construction in Australia are likely to wane in coming years, with an accompanying drop in their contribution to the strength of the economy, the Reserve Bank says.