Property
Unsold Stowe estate resorts to auction
AFTER failing to sell privately, Ric Stowe's 2700ha country estate on the outskirts of Perth goes up for auction on May 18.
CBD office yields on the rise
SYDNEY and Melbourne CBD office yields should improve by 25 basis points across all property grades this year with stable yields predicted for Perth.
Barnett urged to act on city hotel drought
THE West Australian government is being warned it must provide major incentives if a luxury hotel envisaged for Perth's waterfront development.
WA buildings approvals fall in January
BUILDING approvals in WA fell 4.67 per cent in January, new data from the Australian Bureau of Statistics show.
Time for Lowy boys to step up
PETER Lowy and brother Steven will take greater control of the Westfield Group after Frank Lowy moves to a non-executive chairman's role.
Karratha on the grow with developers
KARRATHA'S long-term transition into a regional city of 50,000 people has been assisted by recent deals secured with local and national property developers.
New home sales in WA grew in January
NEW home sales in WA rose in January, outshining modest rises nationwide, says the Housing Industry Association.
Centro's $4bn centre refit
A NEW Australian shopping centre owner is expected to emerge from the ashes of Centro Properties Group.
Lowy hands over reins to sons
ONE of Australia's richest men, Frank Lowy, will take a step back from his Westfield Group empire and hand over the reins to two of his three sons.
WA is pessimistic about property - survey
SOME of the nation's most pessimistic property watchers are from WA, a national home finance survey has revealed.
John Holland to sink Perth railway
A CONSORTIUM involving John Holland and GHD have won the tender to sink part of the railway that will underpin the Perth City Link project.
Affordability improving in Perth - HIA
PERTH bucked the national trend in terms of housing affordability and improved modestly in the December 2010 quarter, a housing lobby group says.
Aspen posts 40pc fall in interim profit
PROPERTY developer Aspen Group has booked a 40 per cent profit fall due primarily to property revaluations and reductions in the company’s capital.
Perth home values fall in sluggish January
THE value of capital city homes nationwide, Perth included, fell 1.6 per cent in the traditionally quiet month of January, new data shows.
Centro in trading halt pending deals
SECURITIES in Centro Properties Group and Centro Retail Group have been placed in trading halts ahead of expected transactions.
Floods hit building approvals
BUILDING approvals were very weak in January, but the significance of the slide won't be apparent until the recovery from the floods is well under way.
Chi-X set for approval as rival ASX
NOMURA-owned Chi-X Global will today be granted formal permission to start up a rival stockmarket to ASX Ltd later this year.
All-stars eclipse strugglers
LIKE a well-rehearsed Broadway performance, this year's interim reporting season went to script.
Kevin Reynolds to quit as CFMEU boss
CFMEU boss Kevin Reynolds has announced retirement plans, calling time on his 40 year union career.
Business Breaking News
WA workers keen to exit Australia - survey
ALMOST every WA worker is willing to move overseas to pursue their career, a new survey from an international recruiter has found.
Centro unveils restructure
CENTRO Properties Group says it plans to merge all its properties into one fund as part of a restructure aimed at returning value to shareholders.
Centro sells US malls for $9.2bn
TROUBLED shopping centre owner Centro Properties Group has agreed to sell its 588 US shopping malls to Blackstone Group for $9.2 billion.
Firepower boss sells $3m mansion
FAILED Firepower boss Tim Johnston sells his Gold Coast mansion for $3 million, but investors out of pocket from his fuel pill scandal will not receive a cent.
Diploma plunges on profit drop
LOCAL construction company Diploma Group took a shellacking on the market today after announcing poor half-year profit results.
More Saraceni-related properties seized
LUKE Saraceni's empire has been dealt a further blow amid the ongoing Raine Square saga with receivers appointed to two more Perth properties.
Happy? You must be a homeowner
COMMENT: DESPITE all the political rhetoric surrounding banking competition and interest rates, many new homebuyers appear to be happy with their lot.
GPT swings back into profit
PROPERTY investor GPT Group has returned to profitability due to higher asset values, and forecast earnings growth in 2011.
Group of four surges ahead of the pack
FOUR big national firms with a strong presence in Perth have opened up a performance gap over the rest of the profession.
Peet lifts profit, upbeat on outlook
PEET Ltd has increased first half profit by 2 per cent as the residential property developer says population growth and strong employment will underpin the sector.
Dollar lifts Centro H1 profit to $553m
A stronger Australian dollar saw Centro Properties Group's first half net profit surge to $553 million, but underlying profit plunged 42 per cent and the company will now restructure due to its debt burden.
Charter Hall books $46.8m profit
CHARTER Hall Group posted an interim net profit of $46.8 million and said it expects full year distribution to be 25 per cent higher than for 2010.
Saraceni's $1.3m remains in trust, for now
THE disputed $1.33 million currently at the centre of Luke Saraceni's Raine Square saga will remain in his solicitor's trust account, for now.
PwC signs up for City Square
ACCOUNTING firm PricewaterhouseCoopers has signed a 10-year lease at City Square, soon to be one of Perth’s tallest skyscrapers.
Stimulus drags economy lower
UPDATE: THE fall in construction work done in the December quarter shows the government's fiscal stimulus package is now acting as a drag on economic growth
Next step for Perth Waterfront project
BEFORE the first sod can be turned on Perth's $440 million Waterfront development the public have been given the opportunity to comment on the proposal.
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Mint thieves pocket $2m in gold
POLICE are hunting the masterminds of a sophisticated fraud that netted thieves 75 kangaroo-stamped gold bars from Perth Mint.
David Hussey urges selectors to pick Mike
BATSMAN David Hussey says his brother Mike should be the man picked to replace Doug Bollinger in Australia's World Cup squad.
Hill hath no Fury like a movie scorned
NOT even a flood of biblical proportions in Broken Hill is enough to halt Mad Max's relentless quest for vengeance.
