The state government has turned to the private sector to build a manufacturing facility for housing components to speed up and increase residential supply.
The state is leading the country in home completion growth, after recent data assessed whether Australia was on track to achieve its National Housing Accord target.
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.
The building commissioner is set to receive a broader suite of powers under new laws flagged by the state government amid a review of the contracts legislation.
It was Chamber of Commerce and Industry WA chief economist Aaron Morey who summed up industry feelings on the budget best, when he said ‘thank god for rocks and royalties'.
Industry bodies have begun to digest Treasurer Jim Chalmers' fourth federal budget, with the housing commitments described as modest and a missed opportunity for the sector.
The number of housing starts in the state is expected to rise steadily in the coming years, with construction of homes to increase by nearly 7 per cent next year.
Nicheliving and its directors will be banned from operating for a decade and the state government will fork out up to $40 million to finish the hundreds of incomplete homes.
The Silvestro family-led company has almost doubled its volume of home starts in the past 12 months, in a shake-up of the state's residential building industry.
Iplex Pipelines and the state government have agreed to provide up to $150 million as part of an industry deal to repair damaged houses but BGC Australia is not participating.
The Bankwest Curtin Economics Centre says there should be more incentives for workers in the building and construction industry if WA is to meet it housing targets.
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.
Resources royalty reliance and a lack of action on payroll tax were among the key observations from business groups digesting today's state budget – the first from Treasurer Rita Saffioti.
Payroll tax relief has unsurprisingly topped the Chamber of Commerce and Industry WA's state budget wish-list, ahead of the state's unveiling of its 2024-25 books on Thursday.
A rollcall of peak Western Australian industry groups is urging WA Treasurer Rita Saffioti to take a razor to payroll tax in this year's state budget to help businesses struggling to cope with escalating costs.