Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.
Builders could soon face tougher penalties for not paying subcontractors on time, but the Master Builders Association has warned several reforms proposed to solve recurring payment issues could increase construction costs and result in more company collapses.
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.
Housing affordability is improving in Western Australia, but the number of first homebuyers active in the market has continued to decline, according to new research by the Real Estate Institute of Australia and Adelaide Bank.
Having sat vacant for the better part of a decade, the 111-year-old North Perth police station is again a place where lessons are learned, with EMCO Building having converted the site into an early learning centre.
Subcontractors WA chair Louise Stewart has welcomed the state government’s decision to expand the use of project bank accounts (PBAs) to protect subcontractors, but is pushing for the introduction of legally binding statutory trusts.
The developer behind a long-running bid to build a 24-hour Puma service station in Dunsborough faces an uphill battle to get the project approved, after Western Australia’s Court of Appeal overturned a Supreme Court ruling that gave it the go-ahead last year.