Brickworks boost in WA

An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.

The Agency confirms Top Level buy, $13m equity deal

Perth-based The Agency Group Australia has executed an option to acquire east coast real estate group Top Level for $5.5 million, while also announcing an $8.4 million capital raising and a $5 million debt conversion deal.

Carmel, Aegis win Joondalup project

Property developer Carmel Group and Aegis Aged Care Group have been chosen to build a $100 million multigenerational development at the former Joondalup Basketball Stadium.

ABS house price data at odds with CoreLogic

New data from the Australian Bureau of Statistics shows a less severe annual decline in Perth house prices than other sources.

House values forecast to decrease to 2020

New research from Moody's Analytics has forecast Perth house values to fall slightly in 2018, and again in 2019, before a slow recovery in 2020.

All Earth Group into administration

Maddington-based civil contractor All Earth Group, which held contracts on two state government projects, has gone into voluntary administration.

Hibernian Place tops UDIA awards

BGC Development’s Westin Hotel and Hibernian Place development was picked as the top project in Western Australia in this year’s Urban Development Institute Australia WA awards.

Georgiou wins $70m project

Apartment developer Blackburne is proceeding with its Marina East project on the Ascot marina, with a construction contract awarded to local builder Georgiou Group.

Devwest directors, Sincap dispute settled

Singapore company Sincap Group has announced a settlement of its long-running commercial dispute with three directors of Perth property developer Devwest Group.

Regus takes space at new Raine Square office

International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group.

Albany hotel development stalls

The state government has failed to attract a hotel developer at Albany’s Middleton Beach, with a recent expression of interest process bringing no suitable submissions.

Finbar buys out Harmony partner

Apartment developer Finbar Group has bought the final stage of the Symphony City development site in East Perth from its joint venture partner Ventrade Australia for $4.5 million.

Access key at Linc industrial estate

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

Car park deals for Parkd, NRW

Perth company Parkd has struck a deal with property developer Vector Management to evaluate construction of a $9 million car park in the inner city, while the state government has announced plans for a $32 million car park at Forrestfield.

Airport precinct a major player

Jobs growth at Perth Airport was three times that of the CBD between 2011 and 2016 as property development in the area expands.

Jaxon targets growth at 60 years

Jaxon has re-emerged as a major contractor in the Perth market with big plans for the near term after six decades in the business.

Perth housing affordability improves: CoreLogic

Housing affordability in Perth continues to improve, according to a report from CoreLogic.

Landowner, WAPC in valuation fight

The Western Australian Planning Commission is weighing its options after losing a recent appeal against a Board of Valuers’ decision.

Perth rental vacancy rate improves

The Perth residential rental market continues to show signs of improvement, with the vacancy rate falling to 4.5 per cent in August, according to the Real Estate Institute of Western Australia.

The Village Margaret River on the market

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

Cockburn terraces at Mojo a go go

The first stage of the Mojo Urban Living estate in Cockburn Central North was launched last week, offering the first terrace-style homes in the area.