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$350m land development project for LWP

About 1,500 housing lots will be developed under a deal between the Department of Communities and LWP Property Group announced today, in Casuarina, Forrestdale and Treeby.

Veris appoints chief executive

Surveying firm Veris Australia has announced the appointment of Michael Shirley as its new chief executive, replacing Brian Elton who led the company in an interim role since October last year.

Perth house prices to fall further in 2020

House values in Perth are expected to hit a trough next year according to the latest report from CoreLogic-Moody’s Analytics, which has pushed out its predicted recovery to 2021.

Evolution, not revolution for new-look BGC

A broad suite of asset sales is high on Daniel Cooper’s agenda, but radically changing the way BGC operates is not on the priority list for the company’s new chief executive.

Finbar strikes JV for CBD apartments

Finbar Group has signed a joint venture agreement with a Singapore-based developer to purchase 1,697 square metres of land in the CBD for $6.5 million, which Finbar estimates will have an end value of $71 million once developed.

Minister weighing South Perth planning intervention

Planning Minister Rita Saffioti says the state government is assessing whether it needs to intervene following the rejection of Finbar Group’s $365 million Civic Heart proposal in South Perth by planning authorities.

Industry welcomes stamp duty relief for apartments

Off-the-plan apartment buyers in Western Australia will receive a 75 per cent rebate on stamp duty for the next two years, capped at $50,000, under a stimulus package unveiled by the state government today that has been roundly welcomed by the development industry.

Veris bounces back after cutting costs

Surveying services business Veris recorded a 27.8 per cent rise in underlying earnings for the September quarter, underpinned by a substantial cost cutting strategy, which has been welcomed by investors.

Thomas awarded Kalgoorlie and Karratha contracts

Thomas Building has secured works at the $17 million Tambrey Shopping Centre - the first major retail development in Karratha in two decades - and been contracted to build the $6 million Kalgoorlie Renal Hostel.

DoricJaxon posts $5.4m profit

DoricJaxon Consolidated maintained a modest profit for the 2019 fiscal year, despite sluggish conditions in Western Australia's commercial construction sector.

BGC boss urges bold moves to boost Perth growth

The new chief executive of one of Western Australia’s most iconic companies says the state government needs to adopt a bold vision to help shake-off the state’s population growth woes and kickstart residential construction, with the establishment of Perth as the world leader in autonomous vehicles the type of initiative that should be embraced.

Land developers on board with infill

Changing market conditions are driving a shift in strategy for WA greenfields land developers.

One shot for Marra and the A-team at DevelopmentWA

WA’s newest government agency has a clear mandate to deliver maximum community benefit through urban and regional regeneration.

Few bright spots as house price woes linger

The Real Estate Institute of Western Australia’s latest data has confirmed the dire market for Perth’s homeowners, but Floreat, Karrinyup and Mindarie were among the handful of suburbs to record a positive median price shift.

Midland ripe for residential revival

The City of Swan’s urban regeneration efforts have attracted a growing round of investment in Midland’s town centre.

Co-working space launched at Quest

A new co-working space has been launched 18 storeys above Adelaide Terrace, with Quest East Perth establishing a flexible office facility in joint venture with business networking forum The CEO Institute.

Finbar rails against Civic Heart rejection

Western Australia’s biggest apartments developer has blasted planning authorities’ rejection of its Civic Heart proposal in South Perth, saying the process appeared to be “superficial and subjective” as it gears up for a State Administrative Tribunal appeal.

Hanssen fined for Vue accident

Hanssen has been fined $47,500, after a tilt-up panel fell from a Finbar Group development onto parked cars, with the construction work being supervised by someone without adequate qualifications.

ALH Group granted key approval in Como Hotel redevelopment

Redevelopment plans for The Como Hotel are a step closer to reality, with property developer and Woolworths subsidiary ALH Group having been granted a variation on its existing liquor licence.

Mirvac steps up affordability

National developer Mirvac is spearheading a push for more affordable housing product in Western Australia, with initiatives designed to provide a stepping stone to home ownership and reduce ongoing living costs.

REIWA outlines industry recovery plan

The Real Estate Institute of Western Australia has renewed its push to increase the stamp duty exemption threshold for first homebuyers, as part of a six-point plan it unveiled to help breathe new life into the state’s weak residential construction and property markets.

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