[AU] – WA news LIVE: Perth Concert Hall redevelopment ramps up; Which suburbs have joined the million-dollar club?

Byinfo

Sep 25, 2024

BREAKING NEWS

WA news LIVE: Perth Concert Hall redevelopment ramps up; Which suburbs have joined the million-dollar club?

[Published: 10:45 AM, March 12, 2023]

Perth, WA – The highly anticipated redevelopment of the Perth Concert Hall is gaining momentum, with construction set to ramp up in the coming weeks. Meanwhile, new data reveals which suburbs in Western Australia have joined the exclusive million-dollar club.

Perth Concert Hall Redevelopment Update

The WA Government has announced that the $50 million redevelopment of the Perth Concert Hall is on track to be completed by mid-2024. The project, which is being led by the Department of Local Government, Sport and Cultural Industries, aims to transform the iconic venue into a world-class performing arts center.

"We’re thrilled to see the Perth Concert Hall redevelopment moving forward," said WA Premier, Mark McGowan. "This project will not only enhance the cultural landscape of our city but also provide a boost to the local economy."

The redevelopment will include the construction of a new concert hall, improved amenities, and enhanced accessibility features. The project is expected to create hundreds of jobs and inject millions of dollars into the local economy.

Suburbs Join the Million-Dollar Club

New data from the Real Estate Institute of Western Australia (REIWA) reveals that several suburbs in Western Australia have joined the exclusive million-dollar club. The data shows that the median house price in these suburbs has surpassed the $1 million mark.

The suburbs that have joined the million-dollar club are:

Cottesloe: With a median house price of $1.15 million, Cottesloe is one of the most expensive suburbs in Western Australia.
Claremont: The median house price in Claremont has reached $1.08 million, making it a highly sought-after suburb.
Peppermint Grove: With a median house price of $1.05 million, Peppermint Grove is another suburb that has joined the million-dollar club.
Nedlands: The median house price in Nedlands has reached $1.02 million, making it a popular choice for homebuyers.
Subiaco: With a median house price of $1.01 million, Subiaco is another suburb that has joined the million-dollar club.

The data also reveals that the median house price in Western Australia has reached $540,000, a 10% increase from last year.

Stay Up-to-Date with the Latest WA News

For the latest news and updates from Western Australia, follow us on social media or sign up for our newsletter.