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Westforce in $4.2m property spend

Engineering contractor Westforce Construction has purchased two adjoining properties in Welshpool for $4.2 million, as the company plans to expand its business.

WA housing lags nation: HIA

Western Australia has the worst residential building conditions in the country, according to a new report from the Housing Industry Association.

South West servos sell for $34m

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.

MBA says subbie protections could increase costs

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.

Georgiou, Pindan win new contracts

Georgiou Group has been awarded a $42 million contract to build new facilities at Hollywood Private Hospital while Pindan has been appointed as builder for a housing project in Manjimup.

Planning failures drive DAP woes

Property industry bodies say it is local governments, not development assessment panels, which need to eliminate uncertainty in the planning process.

Govt sells $48m of foreign-owned property in WA

The federal government has forced the sale of 30 properties in Western Australia worth nearly $50 million, which were illegally acquired by foreign nationals since 2015.

Housing, red tape focus as state budget lifts

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.

Applecross apartment proposal knocked back by JDAP

Boutique developer Norup + Wilson is headed to the State Administrative Tribunal to appeal the rejection of its latest proposal, a $39 million, 16-level apartment building near Canning Bridge.

Gearing up for a credit crunch

Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.

First homebuyers fall despite improving affordability

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.

Heritage build fits Emco niche

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.

Centuria in $24m WA buy

ASX-listed property investment fund Centuria has acquired two adjacent industrial properties in Perth’s eastern suburbs for $23.8 million.

FBR and Caterpillar cancel agreement

FBR and Caterpillar have terminated their memorandum of understanding for Caterpillar to build and distribute FBR’s robot bricklaying machines worldwide.

WA govt ups subbies' protection

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.

Early settlement boosts Cedar Woods’ first-half earnings

Cedar Woods Property has received an unexpected first-half earnings boost, after the $58 million sale of a commercial building in Victoria settled ahead of schedule.

Cott, Claremont show up Subi

Two retail strips in the heart of the western suburbs have reduced their vacancy rates during the past 15 months despite the rise of online shopping.

BGC appoints Macquarie Capital

The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.

CoreLogic reveals house prices fall

CoreLogic has revealed a decline in Perth house prices for November, which is at odds with the Real Estate Institute of Western Australia’s data suggesting prices increased last month.

IGA owner loses Woolies appeal

The Supreme Court has dismissed a review application from the owner of the Canning Bridge IGA regarding a new Woolworths development in Mt Pleasant.

Court overturns approval for Dunsborough petrol proposal

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.

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