News Articles for Nicheliving

Creditors of collapsed Nicheliving face a further 10-month wait before they can recover the balance of their debts, after the directors gained another extension to their buy-back deal.

The corporate watchdog and the Australian Federal Police have raided three residential premises as part of an ongoing investigation into fallen homebuilder Nicheliving.

Nicheliving's directors' bid to regain full control of the entities is in limbo after they missed a deadline to sell their Northbridge office - a crucial condition of their buy-back plan.

Former Nicheliving customers have so far been paid out more than $30 million worth of taxpayer-underwritten insurance claims, as new builders take on the unfinished work.

An assetless Nicheliving entity will be wound up by liquidators after directors Ronnie Michel-Elhaj and Paul Bitdorf moved to reclaim the other outfits.

Premier Roger Cook has insisted under-fire Nicheliving still can't lay a brick after the directors cleared a vote to regain control of the building company yesterday.

Nicheliving directors Ronnie Michel-Elhaj and Paul Bitdorf have proposed to take back the embattled builder, with creditors recommended to approve the pair's $2.7 million plan.

Suitors have entered the data room for more than a dozen property developments of embattled builder Nicheliving, as administrators look to sell-off assets.

The bottleneck in housing construction in recent years was worse in WA than any other state but the increase in construction costs was lowest in WA, a new report has found.

There were 39 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Nicheliving directors have fronted a $200,000 indemnity to cover operating costs and ensure the administrators get paid in the "likely" event the construction entities are too strapped for cash.

National Storage has snapped up the asset for $8.45 million.

KordaMentha administrators have taken control of Nicheliving's construction division, less than a month after the company's directors agreed to a decade-long ban on building homes.

Nicheliving and its directors will be banned from operating for a decade and the state government will fork out up to $40 million to finish the hundreds of incomplete homes.

An arrangement to help complete more than 200 unfinished homes signed by Nicheliving could be imminent, while some aggrieved customers are concerned about a 'secret deal'.

The head of the state's building sector watchdog says there's still some pain ahead, but the wheels aren't falling off despite some tough years.

Nicheliving has convinced a judge to stay a decision not to renew its builder's registration, after appealing to the State Administrative Tribunal.

Nicheliving's residential building arm signed four years' worth of work in a two-year period, the State Administrative Tribunal was told, as its debts total $76 million.

The embattled builder is looking to offload nine properties across Perth, under various stages of development.

Mark Beyer and Jack McGinn discuss the major findings from the domestic gas inquiry; Collgar's wind farm plan; Western Power's nuclear stance; Pilbara energy enablers; Perdaman's Karratha plan; the price of iron ore; Nicheliving's woes and Sanur's Subi battle; Vern Wheatley's legacy, and preview the upcoming edition of the Business News magazine.

Embroiled home builder Nicheliving's tax bill has surpassed $7 million, the tribunal was told, with lawyers set to meet again next week.

Mark Beyer and Mark Pownall discuss the week in lithium; construction issues; Fortescue's share price tumble; inflationary data; interest rates; house prices; CFMEU action; and Rex's plight.

Nicheliving's building registration renewal has been refused due to financial concerns, as more than 230 homes sit incomplete across the state.

A consultancy firm says it has partnered with Nicheliving to "rebuild public trust" for the home building brand amid heightened scrutiny.

Records show the newly appointed supervisor for Nicheliving's building arm had a run-in with the Building Commissioner eight years ago over negligent and misleading conduct.

Nicheliving has temporarily lost its ability to build homes or enter into new contracts after the supervisor nominated for its building contractor division left the role.

Prominent property development group Nicheliving has hit back at media reports about a disgruntled buyer and a Fair Work investigation.

The Fair Work Ombudsman has launched an investigation into Perth builder Nicheliving Real Estate, which claims not to be the subject of an open matter.

The Coast Road development sites fetched $2.4 million.

Plans for a mid-tier public transport network connecting infill suburbs is gaining traction with industry.

National property group Cedar Woods will release more land at its Harrisdale Green estate, located south of Perth, with the launch of the Greenlink Mews precinct.

Nicheliving is among a growing number of players spending up big on properties across the western suburbs.

More than $100 million worth of residential projects are emerging in and around the city fringe location.

Property groups fear today's announcement of timeframe extensions for COVID-19 rent assistance measures could harm further economic recovery.

Perth's residential rental market vacancy rate has dropped to 1.6 per cent - the lowest vacancy rate since March 2008, according to the Real Estate Institute of Western Australia.

Power Ledger's energy trading technology is set to be rolled out across a range of residential projects developed by Nicheliving, under a three-year deal unveiled this week.

The state government is making a major push for more medium-density housing, but market conditions and community sentiment loom as major hurdles for developers.

Investors across Australia have backed Primewest's ambitions to expand its offering via an ASX listing, with the company confirming it has raised its targeted $100 million.

Prominent real estate agent and City of Joondalup Deputy Mayor Russell Poliwka has been ordered to pay $2 million to Perth investor Sherif Girgis after a Supreme Court judgement this week.

Property developer Nicheliving has hit the restart button on its planned ASX listing, after making several major changes to the business, including announcing plans to appoint a new corporate adviser and auditor.