Automotive Holdings Group has announced a partnership with Australasian Property Investments to launch a $66 million unlisted property trust.
The trust involves five car dealer sites located in Perth and Sydney, AHG managing director Bronte Howson said.
New home sales in Western Australia posted their second consecutive month of growth in December, but transactions are still significantly lower than where they were 12 months ago, according to new data released today.
A SIGNIFICANT parcel of inner-city land is being put up for sale by the Water Corporation as part of big changes taking place on the north-west fringe of the central city.
FEELING a bit down as a result of the subdued Western Australian property market?
Well, local homeowners ought to be thankful their assets are not in the US, where sellers have experienced the horrors of the lowest number of new homes sold in the 48 years since records have been kept.
DESPITE the national 2.1 per cent fall in home prices in the December quarter painting an unflattering picture for the sector, property industry leaders remain optimistic about the year ahead.
Official data showing further falls in house prices have lent fuel to the case for another interest rate cut, economists say.
Capital city house prices fell 1.0 per cent in December quarter, the Australian Bureau of Statistics (ABS) said on Wednesday.
A 4.1 hectare site surrounding the Water Corporation’s headquarters in Leederville has just hit the market, with Knight Frank calling for expressions of interest from developers.
Two-thirds of Australians are expecting an interest rate cut when the Reserve Bank of Australia board meets on February 7, with some anticipating a large 50 basis points reduction.
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