New home completions in WA have slipped to their lowest level in almost two years, magnifying calls for the state to pause major infrastructure projects and focus on boosting housing supply.
The Reserve Bank of Australia has kept the cash rate unchanged at 3.85 per cent, shocking markets which predicted a 90 per cent chance of a 25 basis point cut.
Perth had the highest annual growth in the median price of residential land among Australian capital cities in 2023, according to a property industry report.
Australia's construction industry suffered a slump over December and January due to the impact of the Omicron variant, continuing the sector's volatile run over the past six months.
