New data has shown Western Australia's total residential real estate value has increased by 8.8 per cent over the past year, the third highest growth rate in the country.
ANALYSIS: The tier one builder's Victorian arm went into administration on Friday, leading to questions over the company's ability to take on projects in Perth.
Leading economist Tim Lawless says conditions are improving for growth in medium and high-density housing in Perth, but more could be done to incentivise supply.
Australian house prices have experienced their weakest growth in almost two years, as experts warn a downturn is gathering momentum in the major capital cities.
Recent CoreLogic data shows residential construction costs have increased in the three months to September, putting pressure on the federal government's target of new homes.
Home prices in Perth, Brisbane and Adelaide are growing much faster than in cities such as Melbourne and Hobart and the latest data indicates those trends could stick around for some time yet.
The state's house prices continue to grow at a faster rate than other jurisdictions, with another 2 per cent jump last month and 22 per cent rise in the 12 months to May 31.
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.
