The stadium was built for the Australian Basketball Senior Men's Championships held in October 1962, and was Western Australia's home of basketball until 2010.

[2] Court 1 at Perry Lakes was considered by many to be second only to Apollo Stadium in Adelaide as the finest in Australia.

The Perth Wildcats played their home games at Perry Lakes between 1982 and 1986,[3] while the Perth Lynx also hosted games at Perry Lakes during the 1990s and 2000s.

[4][5][6][7] The stadium was closed in March 2010 and later demolished to make way for housing developments.

The stadium's successor was the WA Basketball Centre, located just metres down the road.