NATIONAL property developer Stockland has joined rival developers Peet and Delfin Lend Lease as a key investor in the Alkimos-Eglinton area, north of Joondalup.
AS the shutdown of the Raine Square development site in central Perth enters its third week, speculation continues over the possible fallout from the dispute that prompted the lead building contractor to close the site.
PERTH’S industrial property market is showing signs of renewed strength and confidence, although that could be undermined by supply constraints, according to the latest market analysis from Colliers International.
Aspen Group has returned to the black with the property developer and funds manager today reporting a net profit of $12.9 million for the first half of the 2010 financial year.
Property developer Cedar Woods Properties has reiterated its full-year profit guidance of $15 million after it today reported a profit turnaround to $9.9 million.
The Western Australian housing industry is eagerly awaiting the state government's release of a discussion paper to determine its direction over builder's warranty insurance.
The lock-down of one of Perth’s largest construction projects has focused attention on developer Luke Saraceni and his contractor, Salta Constructions.
The Town of Port Hedland says its long-running partnership with BHP Billiton Iron Ore could be used as a model for local governments and the private sector to boost revitalisation efforts in the regions.
AFFORDABLE housing provider Bethanie Group has signed a new partnership with the state government to deliver 200 new community housing units for the aged.
Property developer Finbar Group says it is confident of meeting its full-year profit forecast of more than $21 million after it today delivered an interim net profit after tax of $18.2 million.
Diploma Group has increased its first-half net profit after tax by 462 per cent as re-emerging confidence in the property sector paints a robust outlook for the property developer.
SOUTH Perth-based Jaxon Construction’s announcement that it had bought into the North Fremantle Rivershores project is the company’s first step in refocusing its operations following a year-long strategic review.
A GLUT of new commercial developments to come on line in Perth’s CBD this year will result in backfill vacancies in older stock, according to a leading office leasing agent.
Home loan approvals in Western Australia retreated for a third straight month in December after a reduction in government subsidies and interest rate rises dampened enthusiasm for mortages, economists say.
Saracen Properties says its $550 million Raine Square project will resume construction within a fortnight, after Salta Constructions told 250 workers to walk off the Murray Street site yesterday over a pay dispute.
Shares in listed property developer Finbar have fallen slightly after announcing it had purchased a 1.58 hectare site in East Victoria Park for almost $10 million which the company plans to develop into 95 apartments.
The Master Builders Association has warned the state's largest home indemnity insurance provider's decision to withdraw from the market could bring the residential building sector to a halt without urgent action from the state government.
The state government has signed a $42 million deal with a property development consortium to develop a 10-hectare site in Newman for urgently needed residential and short-term tourism accommodation in the Pilbara.
Perth's office vacancy rate has increased slightly to 8.2 per cent and will continue to rise this year as further supply is added to the market, new figures show.
