Property

Western Australia's declining residential building sector will bottom out by next year, however the state government's official forecaster says the speed of any potential recovery beyond 2016-17 would be difficult to predict.

Local developer Australian Development Capital is taking on one of the industry’s biggest challenges – redeveloping a historically significant property in Fremantle’s West End.

The state government has used its latest cabinet meeting in Midland today to announce four deals worth $67 million to support future medical, university and residential projects in the former railway workshops area.

Members reported a decrease in weekly sales to 564 this week. The overall 16 per cent decrease in sales over the week is attributed to a 17 per cent decrease in sales for both houses and units.

Long-running homebuilding brand Collier Homes will continue to operate in Western Australia, after the business was sold to local entrepreneur Dario Amara.

Rural house prices in Western Australia were stable in the three months to September, however Karratha and Broome had little to celebrate.

Construction has started on the University of Western Australia’s Forrest Hall, a $16 million accommodation facility designed to attract the world’s best researchers to the state.

One of Australia’s best known winemaking families, the Oatley Wine Group, will open a cellar door in the Margaret River region, part of what’s believed to be the largest value sale ever for a winery in Western Australia.

Plans for an eight-storey apartment development at one of Fremantle's biggest eyesores have been knocked back because the proposal was considered too tall, despite a nine-storey building being located directly across the road.