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Residential building approvals rise in WA

The number of dwellings approved in Western Australia have bucked the national trend and risen by 3.8 per cent in trend terms to reach its highest point since July, according to the Australian Bureau of Statistics’ latest data.

Perth's largest construction jobs

Our gallery of Perth's biggest construction jobs and who is doing the work, click through to view.

Sharper focus on shielding subbies

Security of payments has been a hot topic of debate in WA construction, as the state government considers options to protect subcontractors.

Mirvac plans rent-to-buy at Claremont

Mirvac is trialling a rent-to-buy initiative at its Claremont by Mirvac development, joining a handful of other developers in Australia to adopt an arrangement that is common in the US and Europe.

Perth apartment approvals down 68%

There were 666 apartment approvals in inner Perth for the 12 months to February, a sharp fall from 2,069 in the prior corresponding period, which could driven by high supply in a weak market, according to a new report.

Mirvac shakes off challenges

National developer Mirvac is seeking to leverage the strength of its balance sheet to pursue new opportunities, at a time much of its competition is stifled by a lack of available finance.

Perth house prices down again

Property analyst CoreLogic has suggested the worst of the residential market downturn across Australia has passed after releasing new data showing Perth dwelling prices fell by 0.4 per cent in April, taking the total decline since the market peaked to 18.4 per cent.

2,000-lot Moore River site hits market again

The Plunkett family is seeking to sell a major landholding just south of the coastal town of Guilderton, after updating development approvals to address issues that adversely affected an earlier sales campaign.

Worley moving to 240 St Georges

Engineering firm Worley is set to consolidate all its Perth offices at 240 St Georges Terrace, including the recently acquired energy chemical and resources (ECR) division of Jacobs.

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.

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.

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