If you have a spare $17 million dollars lying around, this home's for you.

Boasting 360 degree views from The Hills to Rottnest, the Subiaco penthouse could set a new price record for the state.

It has six bedrooms, six bathrooms and a six-car garage over more than a thousand square metres.

Space is no problem.

Catch a movie in your theatre or plunge in the rooftop pool over a glass of wine from your own 900-bottle cellar.

Camera Icon Boasting 360 degree views from the Perth Hills to Rottnest, a Subiaco penthouse could set a new price record for WA. Credit: 7NEWS

Blackburne Property Group managing director Paul Blackburne says “nobody in Perth and possibly Australia has ever done a penthouse like this before".

It's part of the $280 million dollar redevelopment of the Subiaco Pavilion Market site which was demolished earlier this year.

Twenty-four floors up the penthouse is tipped to be the most expensive in the state, eclipsing the $15.2m South Perth apartment sold in 2014.

Camera Icon It has six bedrooms, six bathrooms and a six-car garage over more than a thousand square metres. Credit: 7NEWS

The Perth housing market is facing some tough times with Domain figures showing rental vacancy rates in WA at the second highest in the country at 2.7 per-cent.

But developers think we still have an appetite for big projects.

"Even without advertising, just from people who've missed out on our last project we've had just over 31 million in sales in the last week or so,” Mr Blackburne said.

The project should be finished in three years.