Challenges Facing Property Developers in Perth Amid Housing Crisis

Property developers in Perth are struggling with prohibitive construction costs and labor shortages, hindering new projects amidst the city’s housing crisis. With vacancy rates at 0.4% and a daily influx of 220 new residents to Western Australia, high-density developments are approved but stalled. Industry experts urge the state government to enhance assistance packages to expedite projects and alleviate the housing crisis.