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Perth weather warning in place as damaging winds, lightning from thunderstorms strike city - 07-Jul-2021


Perth weather warning cancelled after damaging winds, lightning from thunderstorms strike city
A strong cold front sends a line of thunderstorms barrelling across Perth and Western Australia s south overnight,  prompting the expansion of a severe weather warning.
7 July 2021
A strong cold front sent a line of thunderstorms rolling through Perth and Western Australia s south overnight, prompting the expansion of a severe weather warning.
The warning remains in place this morning for parts of the South Coastal district, with people between Walpole and Albany told
A severe weather warning was this morning in place for Perth, the South West and parts of the South Coastal district, with people told to expect storms and damaging winds. ....

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Perth home values up 10 per cent in last 10 months


Date Time
Perth home values up 10 per cent in last 10 months
The Perth residential sales market continued its growth trajectory for a tenth consecutive month in May, with the Core Logic Perth home value index increasing 1.1 per cent during the month.
REIWA President Damian Collins said that brought Perth price growth to seven per cent for the first five months of the 2021 calendar year and 10 per cent since July 2020, Mr Collins said.
Median house sale price
Perths median house sale price for May was $510,000, with reiwa.com data revealing 81 suburbs recorded house sale price growth during the month.
The top performers were Attadale (up 4.9 per cent to $1.25 million), Scarborough (up 3.8 percent to $755,0000), Melville (up 3.6 per cent to $860,000), South Lake (up 3.6 per cent to $400,000) and Hamilton Hill (up 3.5 per cent to $490,000),” Mr Collins said. ....

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Statement - Job-creating transformation of Mitchell Freeway now underway


Date Time
Statement – Job-creating transformation of Mitchell Freeway now underway
A transformation of the Mitchell Freeway is now underway, with the $448 million upgrade set to provide a major boost to the local economy and support more than 2,200 local jobs.
Three separate projects have now commenced construction. When  completed, they will help bust congestion and transform travel to and from Perth’s booming northern suburbs.
The $232 million Mitchell Freeway Extension project will extend the freeway north from Hester Avenue to Romeo Road and is anticipated to create more than 1,200 local jobs.
Fast tracked to boost the economy through COVID-19, the project is being delivered by the Mitchell Extension Joint Venture, a consortium of BMD Construction and Georgiou Group. ....

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Fund managers spend $70m on neighbourhood malls in WA, Qld


Fund managers spend $70m on neighbourhood malls in WA, Qld
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Adelaide-based investment manager FRP has struck the biggest shopping centre deal in WA this year after acquiring Woolworths-anchored Yanchep Central in Perth’s northern suburbs for $41 million.
The deal adds to the weight of institutional capital targeting neighbourhood centres anchored by supermarkets and non-discretionary retailers.
Woolworths-anchored Yanchep Central sold on a yield of 6.6 per cent. 
The 6673 square metre centre at 2 Peony Boulevard was built in 2012.
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Alongside a Woolworths supermarket there are 16 specialty stores, including a BWS, Pharmacy 777 and a McDonald’s. The transaction also included an adjacent four hectares of development land that will allow for an expansion of the existing centre. ....

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