CoreLogic's national home value index recorded positive growth for October, with Perth's housing values up 0.6 per cent amid a tightening rental market.
Sumitomo Forestry has taken a controlling stake in Scott Park Group, becoming the first Japan-owned company to enter Western Australia's residential construction market.
Prominent building identity Craig Gemmill has called time on 15 years at his namesake company, selling his stake to co-founder John Wilson, but the Gemmill Homes brand will remain active in Western Australian homebuilding.
Three months after announcing an option to purchase Western Australia's eighth-biggest homebuilder, ASX-listed Simonds Group said today it would not proceed with the acquisition of Gemmill Homes.
ASX-listed building company Simonds Group is set to pay $6 million to acquire Western Australia's eighth-biggest homebuilder Gemmill Homes, in a deal foreshadowed in September by Business News.
BGC has returned to its traditional position as Australia's largest home builder, with the latest data from the Housing Industry Association showing six Perth-based builders among Australia's top 20.