Mustera mulling options after Applecross knock-back

Mustera Property Group is considering whether to lodge an appeal with the State Administrative Tribunal after its $105 million Forbes Residences proposal in Applecross was rejected by planning authorities.

Wormall wins $7.3m in contracts at LandCorp project

Wormall Civil has been awarded two contracts totaling $7.3 million for works at Peel Business Park.

New plan approved for old synagogue

Fremantle’s idle synagogue will be transformed into a restaurant and hospitality venue after Fremantle Council’s planning committee approved the proposal last night, the latest of a string of approved plans to repurpose heritage buildings in the area.

WACA reveals $75m upgrade bid

The Western Australian Cricket Association has announced a proposal to redevelop the WACA Ground into a multi-purpose venue and is seeking $60 million from the government to fund it.

CCIWA places headquarters up for sale

The Chamber of Commerce and Industry of WA has put its Hay Street headquarters on the market, appointing CBRE and Knight Frank to sell the 7-storey, 5,240 square metre office building.

Reiwa calls for stimulus shift

Western Australia’s peak residential real estate body is urging the state government to provide a stimulus boost for first-time buyers of established homes to address oversupply of properties across the metropolitan area.

Perth property to ride out slump on economic cycle

Perth’s property sector appears poised for gradual recovery after one of its most challenging downturns in recent history.

Resilient developers await market rebound

SPECIAL REPORT: Battered by the biggest downturn to hit the property sector in decades, WA land developers remain in survival mode as they await an expected recovery.

Amex rebrand the latest in shifting landscape

SPECIAL REPORT: After operating for more than 30 years as Amex Corporation, Okeland Communities has embraced its family history by rebranding.

Choice drives LandCorp infill push

SPECIAL REPORT: LandCorp has a busy 2019 ahead of it as it pursues precinct development in some of Perth’s most desirable suburbs.

Sub-$500,000 sales drive median house price dip

Perth home values dipped again in February, with increasing activity in transactions under $500,000 putting downwards pressure on the city’s median price.

Residential construction outlook gets gloomier

The Housing Industry Association has significantly downgraded its forecast for new house builds in Western Australia for 2019, tipping a decrease of 0.9 per cent, compared to its previous estimate in May of an 11.8 per cent rise.

BGC changes sale plans, seeks new CEO

BGC Australia has deferred indefinitely the sale of its core building materials and construction business because of weak market conditions but is pressing ahead with the sale of its contracting business and property assets.

Consortium launches Roe Highway Logistics Park

A consortium of leading property developers and investors, including Fini Group, Minderoo Group and Linc Property, has today launched a major new industrial estate in Perth, the Roe Highway Logistics Park (RHLP).

Primewest lands first major Perth office buy of 2019

Primewest has added seven-storey CBD office building ENI House to its portfolio for $86 million, amid fierce competition from local and overseas investors.

Cedar Woods, Peet post strong first-half profits

Western Australia-based land developers Cedar Woods Properties and Peet have booked solid half-year profit lifts, with both companies’ diversified portfolios placing them on solid foundations for future earnings growth.

Ocean Reef Marina proposal gets EPA tick

Western Australia’s Environmental Protection Authority has given conditional approval to LandCorp’s long-awaited 750-pen Ocean Reef Marina, with the project a step closer to starting construction by the end of next year.

Subi markets redevelopment approved at DAP

Apartment developer Blackburne’s $235 million plan to redevelop Subiaco’s Pavilion Markets site has received final approval from planning authorities, paving the way for a formal marketing launch next month and a potential construction start by early next year.

Action urged on housing pain

Pressure is mounting in WA’s residential construction sector, with insolvencies piling up amid sustained falls in building activity.

Finbar upbeat as Vue, Palmyra near completion

Apartments developer Finbar Group is poised for a strong performance in the second half of the 2019 financial year, forecasting a solid uplift on its first-half net profit of $1.89 million with the expected completion of its Vue Tower and the first stage of the Palmyra Apartment Estate.

M/Group buys Queensland shops for $36m

Diversified property company M/Group has expanded its portfolio into Queensland through the $36 million, off-market acquisition of Pialba Place Shopping Centre in Hervey Bay.