House prices in Perth have dropped more than 3 per cent in the March quarter, suggesting activity in the housing sector may not be as strong as anecdotal evidence implies, economists say.
LAST year's boost to the first home owners grant and cuts to interest rates have given rise to a two-tiered property market, with the first home buyer and sub-$500,000 market firing while the middle to upper end of the market languishes.
EARLY analysis of the property market for 2009 is showing signs of revival, as the effects of the increased first homeowners grant, lower interest rates and stamp duty concessions for first homebuyers start filtering through.
THE first stage of the transition of Fremantle storage facility Fort Knox into warehouse apartments is taking shape, with major upgrades of the facility recently finalised.
THE rural townsite of Gidgegannup to the north east of Perth is perched for significant expansion if the master plan from property developer, Port Bouvard, lodged last week with the City of Swan and the Western Australian Planning Commission, receives app
Acquisitive national facilities manager Spotless Group has completed the acquisition of the business assets of Riley Shelley, a company founded through a joint venture of a Perth and Brisbane-based painting businesses.
Port Bouvard has lodged its master plan for the Gidgegannup townsite with the City of Swan and the Western Australian Planning Commission following 18 months of planning and environmental investigations.
AFTER causing a stir in the 1990s with his ANREPS business, real estate veteran Tony Wiles is aiming to shake up the industry again with a new venture, online auction site geewhizauctions.
THE size of Western Australia's legal practices has fluctuated only mildly during the past 12 months despite the sector's changing dynamics as a result of the economic slowdown.
THE property industry has called on the government to offer further tax relief to stimulate the market, despite forecasts of a decline in property tax revenue as a result of the housing market downturn.
Two major Perth CBD commercial sales in recent weeks have given early indications of where values could be headed, after months without a major commercial office sale.
Osborne Park-based Cell Aquaculture has entered a joint venture deal to establish a $20 million land-based seafood production facility in South Africa.
Property taxes remain one of the biggest revenue earners for government, with the state and local governments in Western Australia raking in more than $4 billion from property taxes last financial year.
Stockland has secured Shell Development Australia, a subsidiary of global energy company Royal Dutch Shell, as a major tenant at its new 2 Victoria Avenue office building in Perth.
THE state government is progressing with its plan to relocate social housing stock from high-end Perth suburbs into lower-cost suburbs In October, Treasurer Troy Buswell announced a review into Homeswest housing in wealthier suburbs, ordering the Departme
QUESTIONS are being raised within the housing industry about the federal government's ability to meet its commitment to supply 3,000 new social housing dwellings in Western Australia through its housing stimulus package.
