Talk of hotel oversupply in Perth has been exaggerated, with new higher quality projects to be a welcome alternative to older and potentially obsolete hotels in the city, an industry analyst says.
Perth dwelling prices fell 1.7 per cent in the three months to March, while the average dwelling price across Australia's capital cities also fell for the first time in over three years.
WESTERN Australian property players are ramping up the rhetoric on negative gearing, warning that investors in this state would be among the hardest hit if tax breaks for making a loss on an investmen
The cities of Armadale and Cockburn are renewing a push for federal funding of a $160 million new bridge linking Armadale and North Lake roads, with local jobs and a near-$300 million expansion of Cockburn Gateway Shopping Centre hinging on the commitment.
Perth's land developers have stirred debate over the merits of urban infill by questioning the findings of a report commissioned by the Property Council of Australia and the Australian Greens.
Landowners are capitalising on developer interest in the City of Melville, with neighbours joining forces to amalgamate lots and create medium-density residential opportunities close to Garden City Booragoon.
The cost to developers of connecting a subdivision or development to water supply infrastructure will be reduced by nearly 50 per cent from next month.
Growth in Perth’s housing market within the next six months has been foreshadowed in a report compiled by CoreLogic RP Data and ratings agency Moody’s.
This week, Reiwa members reported a decrease in weekly sales to 490. The overall 18 per cent decrease in sales over the week is attributed to a 19 per cent decrease in sales for houses and 34 per cent for vacant land.
Aldi has opened its first four Perth stores to much fanfare across the city, ending a three-year-plus wait for the German supermarket chain to touch down in Western Australia.
Property investment company Aspen Group has announced a senior management and board shake-up, while seeking to gain more value from its Western Australian assets.
Perth-based boutique investment and development firm, GM Property Group, has made its fourth interstate asset acquisition in the last 12 months, buying an industrial property in Sydney’s Blacktown for