RP Data

Perth home prices have ticked slightly higher in April to a median price of $520,000, which equates to an increase of just 0.3 per cent over the past year

The state government has been urged to consider other measures to boost revenue rather than increasing property stamp duty, which has become a significant contributing factor in the stalling residential market, according to an influential local property player.

Perth's first 7-Eleven convenience store is set to be located in the inner city, with a development application lodged for fit-out and signage at the McNess Royal Arcade in the Hay Street Mall.

Lack of supply of large, well-located office and retail assets in Perth's commercial property market has resulted in the total value of sales falling to less than half of what they were 12 months ago.

Perth has overtaken Sydney to record the most expensive residential land value per square metre of all major capital cities, fuelling concerns that land supply is not keeping up with market demand.

Home values in Perth rose 9.9 per cent over 2013, to finish the year 3.6 per cent higher than the previous peak.

Perth median home prices have risen to record levels, a trend confirmed by two sets of data released today.

The average floor area of new houses in Western Australia has fallen to 234.5 square metres, after peaking at 244.5sqm in 2009-10.

Perth has pipped Sydney to become the most expensive capital city in Australia for residential land.

Perth house prices have been confirmed as the fastest rising in Australia despite the widespread slowdown across the state's resources sector, according to official figures released by the Australi

Business News video update for Friday July 26. Shanna Crispin reports. Kevin Rudd visits WA. Rental growth outperforms home values. Kalgoorlie Mining Company takeover nears completion and more.

Rental growth for Perth housing outstripped gains in home values by a whopping 45.5 percentage points over the past six years, according to new research released today.

There are more than 75 suburbs in Western Australia, primarily in mining regions, where it is cheaper to buy a house than pay rent, a report released today says.

The Pilbara remains the most expensive regional market in Australia for renting according to the latest RP Data rental review.