latest-hotspots

State of Markets - WA April 2012

By Staff Reporter

Essential information, plus expert insight on what is shaping the national property market...

WESTERN AUSTRALIA

PerthPerth, TAS Perth, WA city to be linked to Northbridge

Work on the Perth City Link has officially begun, with one of the first stages to connect the city centre with the suburb of Northbridge by rail.

The $360 million rail line, to be completed in 2014, forms the main part of the Perth City Link project.

The minister for state development, Colin Barnett, said that this would fundamentally change the face of Perth and would reconnect the CBD with the area for the first time in a century.

“This project is expected to attract more than $3 billion of private investment into our state and play a vital role in establishing Perth’s reputation as a world-class city,” he said.

“In addition to new entertainment, cultural and lifestyle choices for the WA community, the Perth City Link will also help meet a shortage of inner-city residential, commercial and visitor accommodation [and is] necessary to support the state’s long-term economic growth.”

There will be a number of upgrades to Perth station and changes to improve amenities for 44,000 stations.

Retain building industry rules: govt

The Western Australia state government is pushing for the retention of the industry watchdog, the  Australian Building and Construction Commission (ABCC).

Keeping federal building industry-specific laws will ensure that action is taken against building officials who breach rules, including those around industrial relations, the government has claimed.

Commerce minister Simon O’Brien said the federal government’s intention to reduce legal requirements should be of concern to the state.

Mr O’Brien encouraged the rejection of any legislative changes that aim to abolish the ABCC or reduce penalties for unlawful strike action.

“We need a tough cop on the beat – like the ABCC – to put a stop to unions and their officials who disregard the rule of law,” Mr O’Brien said.

State of Markets - WA April 2012
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%