WA live news blog: WA politics, Perth, housing

Welcome to Our Live News Blog – Tuesday, February 25

Good morning, readers! Welcome to our live news blog for Tuesday, February 25. Today, we’re bringing you a mix of exciting developments and thought-provoking insights from across Western Australia (WA). From bold election pledges to the latest on Perth’s housing trends, we’ve got you covered. Grab a cup of coffee, settle in, and let’s dive into the stories making headlines today.

WA Labor’s Ambitious Plan for a Space Launch Facility

In a move that’s out of this world—literally—WA Labor has announced an election pledge that could see the state take a giant leap into the space race. The plan involves funding a business case for a space launch facility in WA, which would enable businesses to launch satellites and spacecraft into orbit. This initiative is being hailed as a potential game-changer for the state, positioning WA as a key player in the booming global space industry.

The idea of a space launch facility in WA is not just about catching up with the rest of the world; it’s about leveraging the state’s unique advantages. WA’s vast, remote landscapes and proximity to the equator make it an ideal location for launching rockets. The project could also create jobs, attract investment, and inspire the next generation of scientists, engineers, and astronauts. While the fate of this plan hinges on the outcome of the March 8 election, one thing is clear: WA is ready to reach for the stars.

Perth’s Housing Trends: A City in Transition

While WA is looking up at the stars, Perth is grappling with a different kind of challenge: its housing market. New data reveals that Perth has the second-lowest proportion of apartments to houses in the country, trailing only behind Hobart. This is surprising, given that units and apartments dominate housing markets in most major cities around the world. So, why is Perth bucking the trend?

According to property experts, Perth’s aversion to apartments is largely due to the availability of affordable land on the urban fringes. With relatively cheap land available, many residents are opting for the traditional Aussie dream of a standalone house with a backyard. However, as Perth grows into a bustling city, this trend is unlikely to continue. Experts predict that the city will inevitably transition to a higher proportion of apartments and units, mirroring the housing markets of other major cities. But for now, Perth’s love affair with sprawling suburbs remains strong.

The Latest on Perth’s Housing Market

For those interested in the finer details of Perth’s housing market, Sarah Brookes has delved into the numbers and spoken to industry experts to provide a comprehensive analysis. Her report explores the challenges and opportunities facing the city as it navigates this housing transition. Whether you’re a first-time buyer, an investor, or simply curious about the future of Perth’s housing landscape, this is a must-read. You can find the full story here.

Stay Tuned for More Updates

That’s all for now, but we’ll be back with more news as the day unfolds. From breaking developments to in-depth analysis, we’re committed to bringing you the stories that matter most to our community. Whether it’s politics, housing, or even space exploration, we’ve got you covered.

Until next time, stay informed and stay engaged. Thank you for being part of our news community!