DevelopWise has lodged plans to build a second $20 million apartment block in Mount Pleasant, but the City of Melville has pushed for it to be refused.
WA has recorded one of the largest annual construction cost spikes in the nation, with rising materials costs and supply chain disruptions predicted to continue.
Australia's construction industry suffered a slump over December and January due to the impact of the Omicron variant, continuing the sector's volatile run over the past six months.
Perth home values lifted 0.6 per cent in the first month of 2022, marking the highest monthly increase since May last year to take the average median house price to $531,243.
There has been another twist in the 120 Marine Parade saga, with developer Gary Dempsey mounting a lawsuit over the land sale that derailed his $22 million apartment plan.