It’s the latest change to hit Subiaco since football packed up and took off for Optus Stadium.
A cash rate cut tomorrow could be just the start, with most economists and the futures market expecting one more cut before the end of 2019.
Perth has been ranked among the top global cities for growth in the luxury homes market, according to an international real estate agency.
The Perth-based lender will drop its principal and interest rate for owner-occupiers, bringing it down to the lowest on the market.
Scott Morrison said it would give Australians wanting to buy a home “the first leg up on the first rung of the ladder”.
It means Australia’s major interest rate will remain on hold for another month, pushing its record out to 31 consecutive months in the same position.
The East Perth Power Station turned coal and oil into electricity for almost 70 years but since 1981 it has stood still and become a haunt for squatters and vandals.
A WA apartment-living advocacy group is turning to micro-influencers to try and sell Perth people on the Claremont Oval development.
The big X factor in any turnaround is the effect of Labor’s plans, if it wins the election, to halve the capital gains tax discount on investments.
The number of homeowners in Western Australia who are struggling to repay their mortgage is still rising, and the Reserve Bank is monitoring the situation for threats to the financial system.
The grim figures make Perth one of the toughest property markets in the country for property owners.
Subi’s Vic Hotel appears to have been the first casualty of Perth’s much-hyped ‘beer wars’, with its $3.50 pints failing to stop owners from putting the historic pub on the market.
Construction of a $120 million marina at Ocean Reef in Perth’s northern suburbs could start next year after WA’s environment watchdog gave the project the all clear.
Blackburne Property Group has won development approval for its $235 million Subiaco Pavilion Market redevelopment, which includes a 24-storey tower at the rear of the site.
Like many young couples, David Houston and Rita Simpson found their ideal home was tantalisingly out of reach. So they decided to take a different approach.
Council rates could be put to work building shopping malls and high-rise apartments if lobbying from the WA Local Government Association is successful.
It took several hours but the City of Subiaco endorsed a $235m redevelopment of the Subiaco Pavilion Markets amid opposition to its proposed height.
Real estate in Perth is at its most affordable in more than a decade. But does that mean now is the time to jump in?
The Reserve Bank says banks are approving most home loan applications and are competing vigorously to attract lower-risk borrowers as fewer people apply for mortgages.
A property research firm has released its top 10 investment danger zones. Two Perth suburbs are among the areas most at risk with a large stock of off-the-plan units and potential oversupply.