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LandCorp, Power Ledger in 100% renewable development

LandCorp and energy trading platform Power Ledger have unveiled a 100 per cent renewable energy residential development at East Village at Knutsford near Fremantle.

Serneke brings Swedish build to Freo

A Swedish construction giant will focus on the health and wellbeing of future residents as it rolls out its first development in WA.

Apartment owners upbeat on values

Western Australian apartment investors are overwhelmingly confident of capital growth over the medium to long term, according to fresh research.

3 Oceans scraps Scarborough project, seeking JV

Developer 3 Oceans Property is looking for joint venture partners for a redesigned Iconic Scarborough project, after it announced the $450 million project is officially on hold due to the current market making the development financially unviable.

Mirvac starts building last stage at Leighton

Mirvac Group will start construction on the final stage of its Leighton Beach precinct this week, with a $40 million, 104-apartment complex expected to take around 18 months to complete.

Liquidators appointed to Handle Property Group

The developer behind the Red Castle and Bottleyard apartments complexes has been forced into liquidation, the latest victim of difficult conditions in Western Australian property.

WA building hotspots dominated by outer suburbs

Perth City was the only inner city area to be classed as a building hotspot in Western Australia, with most building approvals occurring in the outer suburbs, according to a Housing Industry Association report.

Podcast: Office Hours with Damian Stone

Office Hours host Damian Stone sits down with Real Estate Institute of Western Australia president and managing director of Momentum Wealth Damian Collins to discuss Perth’s residential property market, the genesis of Mr Collins’ buyers agency and property syndicator and the potential ramifications of regulatory changes in the industry.

Assetowl shares soar 225% on The Agency deal

Shares in the Simon Trevisan-chaired startup, Assetowl, more than doubled today, after it signed a trial agreement with The Agency Group Australia for its property management software.

Mortgage lending hits record low in WA

Housing finance provider Australian Finance Group says lending for homes in the first three months of 2019 in Western Australia has plunged to the lowest level since it began tracking mortgage values in mid-2012.

Demolition works mark start of Subi revitalisation

Demolition work has started at Subiaco’s Pavilion Markets, as developer Blackburne gears up for a marketing launch of its $235 million apartments project later this year.

Strong growth for The Agency

Perth-based real estate agent The Agency Group Australia has recorded a bumper March quarter, including its second highest commission revenue for a quarter on record.

Developer seeks input on Trigg apartments

Apartments developer Momentum Wealth will work closely with the Trigg community to shape the design of its boutique project at the Yelo Café site on West Coast Highway, with retention of a hospitality tenancy on the ground floor a top priority.

Higher density approved in Nedlands

Planning Minister Rita Saffioti has approved new guidelines allowing for higher-density development in Nedlands, despite continued opposition from local government.

Industry opposes negative gearing change

Housing industry players have identified some key issues facing the housing sector, while criticising Labor’s plan for negative gearing.

Building thieves on notice as PACT tracks crime

A former police officer is spearheading a new campaign to reduce the effects of crime on building sites.

Office vacancies down but confidence fails to rebound

A decreasing office vacancy rate and improving fundamentals in the wider economy have failed to halt the slide in confidence in Western Australia’s commercial property sector.

Perth house prices to fall 7.6%

Perth’s housing market is expected to continue its decline in 2019, with a trough not likely until 2020, according to the latest CoreLogic-Moody’s Analytics house price forecasts, which are substantially more negative than the previous report six months ago.

Perth on institutional investors’ radar

Commercial property in Perth is emerging as a value proposition for national investors as east coast markets pass their peak.

Perth property primed for investment: JLL

Perth’s residential market will be challenging in the short term, but fresh research shows the city is ripe for investment as the Western Australian economy continues to improve, new housing supply continues to slow, and dwellings remain affordable compared to other markets.

Saudi group settles Nicoletti farmland deal

Saudi Agricultural and Livestock Investment Company is expected to invest heavily in a livestock and grain production operation in Western Australia’s Wheatbelt, after settling on its acquisition of a 200,000-hectare parcel of land bought from the Nicoletti family.

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