Property

West Perth-based property developer Cedar Woods Properties Ltd has reported a 67 per cent fall in net profit for the half year to December 31 2007, although the company maintains it is on track to meet a full year net profit of $20 million.

From the satellite imagery it looks almost as big as the town it takes its name from, but the proponents of the 264 hectare Margaret River Estate insist the development will be in keeping with the area.

The Town of Cambridge will become the latest western suburbs council to propose high-density residential development close to a main commercial strip, as it prepares a review of its town planning scheme intended to revitalise Cambridge Street.

As Tiffany & Co prepares to take up residence on King Street in the city and a number of other luxury brands sign leases along the retail strip, several projects under construction in the CBD are attracting national and international brands.

It may be some time before a green-star building rating is mandatory for developers, but a number of businesses are getting ahead of the game and refurbishing their offices using green design principl

Degustation diners who frequent Jackson’s and Star Anise can add a new name to the list of must-go venues on Perth’s fine dining scene, with Restaurant Amusé receiving plaudits from the industry at a recent awards ceremony.

Premier Alan Carpenter has announced that land at Allenswood Primary School in Greenwood is not for sale and will remain as open space.

Subiaco-based Wolf Minerals Ltd has confirmed a previous JORC resource estimate at its wholly owned Hemerdon Ball tungsten and tin deposit in Devon, United Kingdom.

New home sales in Western Australia have started strongly in 2008, rising by 47.1 per cent in January from the previous month their highest level since March 2006, according to the Housing Industry Association.