Property

Property company Finbar Group has been named by the state government as the preferred developer of a new housing project, including a 10-storey high-rise, in Karratha, valued on completion at $225 million.

A LOCAL syndicate at Ellenbrook has put forward its case for turning 2,000 hectares of vacant land north of the suburb into a light industrial and commercial hub.

Western Australia has dominated a property list of the top 50 best performing council areas in the country, with the median house price in the Roebourne shire of $840,000 the highest in the nation.

Western Australia needs to brace itself for a housing shortfall of more than 72,500 by 2020 with Wanneroo and Rockingham to suffer the greatest shortages, according to a new report.

METROPOLITAN land developers are predicting a significant shortage of housing lots later this year, as tight bank finance and the slow approvals process cause roadblocks in the development pipeline.

The strongest quarterly increase in new home starts in eight years has highlighted the effectiveness of the federal government's stimulus package, but economists warn that not enough new homes are being built to accomodate a rapidly growing population.

Property developers Georgiou Group, Match Group and Australand are among the shortlist the state government has today revealed to transform the disused Knutsford industrial site near Fremantle into a residential precinct.

In a move demonstrating confidence in Western Australia's commercial property sector, Georgiou Capital will commence construction on a Nedlands office development without pre-sales or tenant commitments.

HOUSING Minister Troy Buswell’s commitment to build 20,000 new affordable dwellings by 2020 is providing a lift for the sector, but the growing waiting list for public housing needs to be tackled by the private sector, according to social housing provider