Perth's rental prices grew by 11 per cent in 2022, reflecting the trend across the country, but rental growth and residential listings slowed in the December quarter.
Jordan Murray covers the latest from Hancock Prospecting's bid for Warrego Energy and fresh data from the Australian Bureau of Statistics and CoreLogic.
Senior editor Mark Beyer explains how the founders of Avicena Systems are defying the popular image of young, plucky entrepreneurs and chalking up wins on the back of their experience.
The state continues to defy national trends and set new house price records, with median home values lifting 0.2 per cent as national prices track south.
House prices in Perth have risen by one per cent in March, above the national increase of 0.7 per cent, as home values in Melbourne and Sydney dropped.
Perth home values lifted 0.6 per cent in the first month of 2022, marking the highest monthly increase since May last year to take the average median house price to $531,243.
WA's strong residential property market is expected to continue, with house prices predicted to increase a further 10 per cent into 2022, Real Estate of Institute Western Australia predicts.
Western Australia has recorded the second largest spike in construction costs nationally amid a surge in new builds and material supply shortages, according to CoreLogic.
The latest housing data has demonstrated the impact the resurgence in mining activity has had on home values across Western Australia's resource-rich regional centres.
More than two-thirds of suburbs in the Perth metropolitan area experienced house sale price growth over the past quarter, according to the latest data from the state's peak real estate body.
Australia has recorded its highest annual rate of house price growth since 2004, however Perth has continued to underperform, according to the latest data from CoreLogic.
ANALYSIS: The WA economy is the envy of the nation yet the residential property market in Perth is the weakest in the country. There appear to be two key reasons.
Perth recorded another increase in house prices during May, but failed to keep pace with the growth recorded in Australia's other major housing markets.
