Former WA state MP Vince Catania has taken the chief executive role at Hastings Technology Metals. Mr Catania joined Hastings in 2023 as general manager of corporate.
A low deposit loan program to buy modular homes starts today, as the state government announced changes to the Keystart board and a suite of investments to boost housing supply.
Buyers earning up to $180,000 on a single income will be able to access a new home loan as part of the state government's bid to have more people living in apartments closer to the Perth CBD.
Integrated energy company UON has taken out the top prize at Business News's inaugural RISE Business Awards as the Western Australian Business of the Year.
A 12-month housing affordability experiment has been launched at Mirvac's Iluma Private Estate in Bennett Springs, to better understand the potential cost savings of energy-efficient homes.
P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government's first home loan deposit scheme, aimed at low and middle income earners.
Western Australia's property sector has welcomed the state government's announcement of a $150 million housing investment package for first home buyers and low income earners.
Australia's annual population growth rate increased to 1.63 per cent in 2018, and while WA's growth rate has improved, it continues to be one of the slowest growing states.
The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.
Acting Premier Liza Harvey has spruiked the government's recent move to relax the eligibility criteria for Keystart and increase the first homebuyers grant, saying it had received more than 1,100 enquiries.
Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power's Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.
SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.
Investment banking giant Credit Suisse has dealt a blow to the state government's hopes of a big windfall from the privatisation of Western Australia's TAB, revising its value estimate down by at least 65 per cent to under $250 million.
The state government expects to sell 40 per cent of the loan book for low-income finance provider Keystart in the second half of the year, with an expressions of interest campaign officially launched today.
The state government has completed the first in a series of planned asset sales, announcing that it has concluded negotiations with an industry consortium to purchase the Perth Market Authority's Market City.
There is little immediate prospect of the state government expanding its current $5 billion asset sales program, despite Premier Colin Barnett seeming to flirt with the possibility this week.
The state government's asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart's loan book.
An industry consortium led by members of the Chamber of Fruit and Vegetable Industries in WA has been selected as the preferred bidder for Market City, putting the state government a step closer to its first major asset sale.
The state government has begun the tender process to find a lead financial adviser as it plans to move ahead with divesting a portion of Keystart's loan book to the private sector.
The state government is aiming to collect up to $5 billion from a vastly expanded privatisation program that includes Fremantle Ports, the TAB, office buildings, residential land estates, Keystart loans, houses, plantations and power stations.
UPDATE: The state government says it will not consider privatising low-deposit home loan scheme Keystart, despite the recommendation to do so by the Economic Regulation Authority.
BGC Residential has launched 10 modular homes in Peet's Shorehaven estate in Alkimos as a demonstration of what it can achieve through alternative building techniques.
