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.
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.
The capital continues to outpace the rest of Australia, posting a 1.8 per cent increase in home values in February and an 18 per cent rise in the past 12 months.
The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation's cash rate by 25-basis points to 4.35 per cent.
The Reserve Bank of Australia has held the nation's cash rate steady for the month of August, its first consecutive pause since April last year, citing economic uncertainty.
The Reserve Bank of Australia has offered mortgage holders some relief after it held the nation’s cash rate target at 4.1 per cent following its July meeting today.
Perth home values continue to rise in the past month with the median house price recorded as more than $570,000, according to recent reports by property groups.
Perth home values have risen in the past month, although property groups CoreLogic and PropTrack have released different findings in their March reports.
The median dwelling value of every capital city in Australia fell during the first month of 2023, however Perth held its own with one of the smallest declines.