Good morning, welcome to another day of WA news, served fresh and hot!
This morning, Sarah Brookes reports on a new Domain forecast that Perth house price rises will lead the nation’s in the financial year 2024-25. They’ve predicted a frankly scary median for the city that year.
And sticking with property news, an early lot release at a residential housing estate in Margaret River has sold out in 48 hours in another sign that demand is outpacing supply in Western Australia.
Demand is high for vacant land and housing in regional WA.
Meanwhile, nining giant Mineral Resources has announced plans to shut down its Yilgarn iron ore hub by the year’s end in a move expected to affect up to 1000 employees after the operation was deemed no longer financially viable.
Also, we are pleased to present the next instalment of Mark Naglazas’ People of Perth series, in which this roving journalist bails up members of the public and somehow gets them to share the secrets of their innermost selves. Today’s is particularly powerful, with our city’s residents sharing the greatest challenges of their lives, from a terrible divorce, to living with depression and the homesickness that comes with moving to new country.
Stay with us for more throughout the day.
