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57 Perth suburbs record price gain

Despite a fall in Perth’s median house price in the September quarter, nearly 60 suburbs bucked the trend to record a price increase, according to the latest data from Real Estate Institute of Western Australia.

High mortgage delinquency in Perth

New data from Moody’s shows Perth mortgage delinquency rates are the highest in Australia, despite the capital city also holding one of the highest average incomes in the country.

Property buyers levy coming in 2019

The McGowan government will introduce its levy on foreign buyers of residential property after the WA Greens and One Nation parties supported the plan.

Rooftop bar growth a blue-sky opportunity

Growing investment in rooftop bars across Perth reflects a need to offer a point of difference in what has been a tough market, publicans say.

HIA tips WA house building recovery

The Housing Industry Australia has forecast an 8.6 per cent increase in WA’s house building starts in 2019 after four years of declining activity, on the back of positive house building and sales numbers.

Collins elected Reiwa president

The Real Estate Institute of Western Australia council has elected Damian Collins as its new president.

Chevron turns the quay on new building plans

Chevron Australia has given the green light to a purpose-built tower at Elizabeth Quay, lodging a development application for a 30-level building for lot seven of the precinct.

SCA in $270m Perth shopping spree

Sydney-based SCA Property Group has purchased four Perth shopping centres for a combined $269.4 million as part of a larger deal with ASX-listed Vicinity Centres.

Vicinity opens Perth DFO

Vicinity Centres’ first direct factory outlet in WA features 24,000sqm of retail across 113 tenancies and a 1,600-bay car park.

Macquarie Bank and Wood plc commit to former Woodside HQ

Real estate investment trust Dexus has filled more than half of 240 St Georges Terrace – the Woodside Petroleum building – with Macquarie Bank and engineering group Wood plc committing to about 22,870 square metres of space at the tower.

Builders feel pinch as home starts fall

SPECIAL REPORT: The WA residential builder market remains well down from its 2013 highs, despite homes becoming more affordable.

Technology links homebuyers with developers, builders

SPECIAL REPORT: New technology now available in WA uses an algorithm to match appropriate builders to specific blocks of land.

Passion, advocacy key for Gelavis

SPECIAL REPORT: Appointed to lead the MBA in WA just last month, John Gelavis brings a focus on effective communication to the role.

Groves to exit Reiwa

Real Estate Institute of Western Australia president Hayden Groves has announced that he will be finishing his three-year term on October 4.

Perth homes win Greensmart awards

Two properties in WA have received HIA Greensmart awards, recognising the best in environmentally responsible housing.

Scarborough site sold for $25m

Singaporean group Chip Eng Seng Corporation has struck a deal to sell the White Sands Tavern development site near Scarborough beach for $24.5 million.

WA housing starts fall 8%

A depressed Western Australian housing market has hit residential builders, with the number of housing starts dropping by more than 1,500 in the 12 months to June 30, according to figures released by the Housing Industry Association.

Metronet to connect with urban amenity

The state government will leverage its Metronet program to drive development of urban density in Perth.

Private builds for foreign students

SPECIAL REPORT: Accommodation groups are betting on international students returning to Perth.

Room choice here to stay

SPECIAL REPORT: Perth’s hotel capacity has increased by about 30 per cent since 2012 and Business News has identified a further 3,150 rooms that are either under construction or committed, as the city’s hotel sector is transformed.

Property Council cautiously backs noise reforms

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

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