Rental rates for residential properties in Perth have fallen by 23 per cent over the past three years, the largest fall for any major capital city since World War II, while the vacancy rate has hit a new high.
Listed Perth company Fastbrick Robotics is moving a step towards disruption in the construction industry, with the company building a commercial prototype of its truck-mounted bricklaying robot.
One of Perth’s newest office precincts is in line to get a fresh face, with Charter Hall seeking to build a second tower at Raine Square, part of a $150 million redevelopment plan.
House prices are expected to continue falling in Western Australia, with a survey of property professionals showing sentiment in WA is by far the worst of any state.
LandCorp has released design guidelines for the redevelopment of Bassendean Oval, flagging development of up to eight storeys around the Swan Districts Football Club home ground.
The state government has flagged the possibility of a broad inquiry into the use of imported building materials after confirming today that roofing panels supplied by Chinese company Yuanda to Perth Children’s Hospital contained asbestos.
The rejection by planning authorities of a 44-storey apartment proposal on Mill Point Road in South Perth is unlikely to be the last word in the battle over the contentious project.
Cedar Woods Properties has won its second big job for South Australian government agency Renewal SA, having been appointed to redevelop 40 hectares of land at Port Adelaide.The Perth-based developer w
Governments, including local councils, and schools appear to be the biggest clients of building, construction and maintenance firm CPD Group which collapsed in May.
Building will start next year on a $600 million redevelopment of Karrinyup Shopping Centre, with construction giant Brookfield Multiplex adding the big ticket job to its portfolio of works.
Perth-based apartment developer Finbar Group has flagged a near-70 per cent fall in net profit for FY16, on the back of investment property impairments.
Quest Serviced Apartments is continuing its aggressive march on Perth, anchoring a hotel and new retail development at the Millstream Arcade in South Perth.Plans for a seven storey, 90-apartment Quest
Fresh evidence of post mining boom malaise in Western Australia’s property sector has emerged, with listed mortgage provider Australian Finance Group reporting a 13.4 per cent fall in the number of home loans in WA over the 2016 financial year.
Chinese property developer and investment group Zone Q Investments has added a CBD office tower to its growing Perth portfolio, buying Westralia Plaza for $87 million.
The Shire of Peppermint Grove expects to have Pankaj and Radhika Oswal’s Taj on the Swan torn down by October, after sending out tenders for demolition of the unfinished structure today.
Building contractors Aurora Project Group and TR Homes have won a combined $12.6 million worth of work in rural Western Australia for the state government.
