Sales transactions in Perth last week were down 2.4 per cent on the previous week, with REIWA members reporting 988 transactions. A closer look shows house sales were similar to the week prior, while unit sales were down 21.5 per cent and land sales were up 50 per cent. Top performing suburbs – sales Baldivis – 17Read more

The state government has announced a major boost to the building and construction workforce to help tackle the critical shortage of skilled labour in WA. The move hopes to lure skilled tradies from the eastern states with a cash incentive while supercharging training of its local building and construction workforce. On the table is aRead more

With interest rates currently sitting at a significant 4.35%, many Australian borrowers are asking the pressing question: When will rates finally drop? While the Reserve Bank of Australia (RBA) has paused further increases, industry experts believe we might not see substantial relief until 2025. But what factors will drive rate cuts, and how can you position yourselfRead more

Monthly new listings of Perth properties are at their highest levels in more than three years, with sellers motivated by the strong market conditions. REIWA CEO Cath Hart said Spring was historically a strong season for new listings, and this year sellers were particularly encouraged by the sustained demand for homes and strong price growth.Read more

It’s been three months since Phase 2 of the Residential Tenancies Amendment Act 2024 came into effect, which saw pets and minor modifications allowed in most cases and the launch of the Commissioner for Consumer Protection determinations process. Consumer Protection have shared some information on the applications the Commissioner has received since then. This mayRead more

Perth’s median house sale price is on track to achieve growth of 25 per cent over 2024, according to REIWA’s latest property market quarterly update. The median unit sale price could also see annual growth around 20 per cent. REIWA CEO Cath Hart said if the market remained on the current trajectory, Perth’s median houseRead more

The cost of renting is still higher than a year ago, but the pace of rent price growth is starting to ease, the latest PropTrack data reveals.  National rent prices continued to edge up in the September quarter, but the pace of rental growth is slowing, according to the latest PropTrack Market Insight report. NationalRead more

Spring 2024 has already been a standout, with new seller activity reaching highs not seen for the month of September since 2022. While this heightened seller activity is encouraging, Perth’s severe mismatch between demand and supply — which has driven persistent price growth in recent years — is a key challenge. Demand continues to beRead more

New Zealand’s central bank dropped interest rates to 4.75% last Wednesday after inflation returned to the nation’s target levels, building on similar moves already made in the US, the UK, and across Europe. Australia continues to follow a different trajectory, with Reserve Bank governor Michele Bullock still asserting that she will not be swayed byRead more

Whether you’re selling property or looking to buy, navigating the Western Australian property market can be a daunting task, especially with its ever-changing dynamics. To help you make sense of the current landscape, we’ve compiled five essential things you need to know about the WA property market right now, with insights from Cath Hart, CEORead more

It has been a very interesting few years in the rental market and one curious thing I couldn’t help but notice is the rise in the amount of landlords choosing to privately manage their investment properties. So naturally you’re going to say, Stacey as a Property Manager aren’t you supposed to say that is aRead more

Congratulations, you’ve accepted an offer on your home! Now, what comes next? This can vary depending on the conditions of the offer and other external factors. While the transaction often proceeds seamlessly, unexpected complications may arise, and you will need to work closely with your REIWA agent to navigate the sale process. Understanding the offerRead more

As seen in The West Real Estate The negative gearing debate has reared its ugly head again, with Prime Minister Anthony Albanese failing to explicitly rule out changes as an election policy. The threat of changes to negative gearing always hangs like the sword of Damocles over rental property owners – the very same ownersRead more

If you haven’t yet done your tax return for the 2023-24 financial year, remember that the Australian Taxation Office (ATO) is using its data matching system to find unreported income from property investors. It’s a more sophisticated way to collect more tax from taxpayers. It works by comparing property management data from software providers – who areRead more

The Perth property market’s Spring selling season has kicked off with active* listings for sale in Perth rising 8.4 per cent in September, settling at 3,952 by the end of the month. REIWA CEO Cath Hart said new listings had increased compared to the months leading up to the Spring selling season, which had seenRead more

The number of Australian suburbs with a median house or unit value in the million-dollar club reached a record high in August, according to the latest CoreLogic Million-Dollar Markets report. The report showed one-third of the 4772 suburbs analysed recorded a current median value at or above $1 million, up from a recent low ofRead more

The spectre of changes to negative gearing has been raised as a potential federal election issue following comments by Prime Minister Anthony Albanese on Wednesday. The Labor Prime Minister backtracked on his statements on Thursday, saying changes to negative gearing “were not our policy” but he didn’t explicitly rule out changes to this important policyRead more

Perth recorded the highest percentage increase in median sale price for three-bedroom houses of all capital cities in the June 2024 quarter. Despite the increase, Perth remained one of the most affordable capitals based on median house price, according to the latest REIA Real Estate Market Facts. The median sale price for three-bedroom houses rose 6.5Read more

Perth’s vacancy rate was 1.4 per cent in August, 0.7 percentage points higher than the updated July figure. REIWA CEO Cath Hart said the last time the vacancy rate was over 1 per cent was June 2022, when it was 1.1 per cent. “The rental market has been challenging for several years, with strong demandRead more

Housing affordability in Western Australia declined over the June 2024 quarter. The latest REIA Housing Affordability Report showed the proportion of family income required to meet loan repayments in Western Australia increased 1.7 percentage points over the quarter to 39.5 per cent. This was an increase of 4.8 percent year-on-year, based on a median weeklyRead more

The latest Residential Audience Pulse survey by realestate.com.au in July found 44% of potential sellers surveyed believed now was an opportune time to sell, compared with 37% at the same time last year. This improved sentiment was primarily driven by respondents in Western Australia, South Australia, and Queensland, where home price growth has been substantial over theRead more

Perth’s median house sale price continues to rise, increasing 1.9 per cent in August and 20.7 per cent over the past year to reach $688,000. The median unit sale price set a new record, rising 1.1 per cent over the month to $455,000 which is 13.8 per cent higher year-on-year. REIWA CEO Cath Hart saidRead more

REIWA President Joe White says the real driver behind rising prices is the big gap between supply and demand, not any specific part of the property market. As seen in The West Real Estate Earlier this month we published our million-dollar club list, with 30 new suburbs recording million-dollar median house sale prices in 2023-24.Read more

With this week marking Scams Awareness Week 2024, it’s a timely reminder to stay vigilant, use trusted sources and listen to your instincts when looking for a rental property. If an offer seems too good to be true, it likely is. We’ve put together some tips to help you steer clear of scams. Warning signsRead more

The WA Government has extended its Builders’ Support Facility to help builders complete unfinished properties and get more new home buyers out of building limbo. The initiative, initially launched in January with a $10 million loan facility, has already seen $5.7 million allocated to help complete 97 homes. It offers interest-free loans of up toRead more

Perth’s vacancy rate rose slightly in July. REIWA President Joe White said the vacancy rate increased marginally to 0.6 per cent in July, reflecting the slow easing of the rental market. “Perth has seen a sustained period of extremely low vacancy rates, with the vacancy rate sitting consistently below 1 per cent since August 2022,”Read more

We’ve seen a steady stream of new home listings throughout autumn and winter, consistently topping the five-year average across Perth. Demand has held up, thanks to underlying strong demand, particularly from rising investment activity. However, Perth is heading into the spring selling season with supply lower annually and significantly below the five-year average. We’re stillRead more

New apartment buyers can pocket tens of thousands of dollars in stamp duty savings, as state governments hand out discounts to boost new unit construction.   The fresh stamp duty discounts on new apartments are available to everyone rather than just first-home buyers, forgoing lucrative revenues to build more higher-density homes quickly. The Tasmanian governmentRead more

Phase two of the rental reforms came into effect this week. It included limiting rent increases to once every 12 months, pets, modifications and the new Commissioner determinations process. There is always some confusion when new laws are introduced, so REIWA’s Information Services Team have answered the common questions about how the new 12-month limitRead more

Perth’s median house price is on track to achieve growth of more than 20 per cent over 2024, according to REIWA’s latest property market quarterly update. REIWA CEO Cath Hart said if the market continued on the current trajectory, Perth’s median house sale price could reach $740,000 by the end of 2024. “Demand remains strong,Read more

Perth continues to offer favourable selling conditions for vendors due to a persistent supply-demand imbalance. Houses are selling at near-record speeds, averaging just 30 days on the market, the fastest among all capitals. Units are also moving quickly, averaging 50 days on the market — close to the lowest in over 17 years and currentlyRead more

Love it or hate it…. it’s tax time again!!  For those out there who love to crunch numbers, keep all their receipts, and can’t wait to submit their tax return this might be an exciting time, but for those out there who aren’t as organised with their records or who are not quite so sureRead more

Home buyers are again on alert for a scammers after a fresh ruse robbed a man of $153,950 during a property settlement. It is among the more than $500,000 lost by Western Australians this year in so-called redirection scams. Crooks intercepted emails between him and the lender’s settlement agent, and sent him a doctored emailRead more

Phase 2 of the RTA reforms will come into effect on 29 July. This includes limiting rent increases to 12 months, pets, minor modifications and the new dispute resolution process. 12-month limit on rent increases The 12-month limit on rent increases will apply to periodic tenancies as soon as the legislation comes into effect onRead more

REIWA CEO Cath Hart has welcomed the increases to Keystart’s property price limits and income limits, noting they will help more Western Australians into affordable home ownership sooner. The new limits will be set using REIWA median house prices and regularly reviewed to reflect market conditions. “Keystart provides a valuable service. It offers loans with asRead more

The long-term tightness in the Perth rental market has been slowly moderating, with median rents unchanged since March. According to REIWA’s latest data, the median weekly dwelling and house rents held steady at $650 in June, while the median weekly unit rent was also stable at $600. REIWA CEO Cath Hart said there were clear signsRead more

The number of Perth sellers discounting their houses is at the lowest level in the past 20 years according to REIWA data. So far this year, just 12.6 per cent of houses sold for less than the listed price. This is significantly lower than the rates of discounting in the previous boom when 44.3 per centRead more

The property market is set to get a shot in the arm come July 1, with tax cuts boosting typical buyers’ borrowing capacities by tens of thousands of dollars. Most taxpayers will see their take-home pay rise as a result of the stage three tax cuts coming into effect, with the increase to incomes raisingRead more

Households waiting for mortgage relief could be in for a shock, experts have warned, as the Reserve Bank held interest rates steady for a fifth straight meeting in June. The RBA on Tuesday left the cash rate at a 12 year high of 4.35%, but didn’t rule out another rate hike if inflation takes tooRead more

Median house and rent prices rose in Perth during the March 2024 quarter, according to the latest REIA Real Estate Market Facts. The median sale price for three-bedroom houses increased 3.8 per cent over the quarter to $675,000, while the median sale price for two-bedroom other dwellings (such as home units, townhouses, flats/apartments and terraceRead more

WA housing and rental affordability declined again in the March 2024 quarter. According to the latest REIA Housing Affordability Report, the proportion of family income required to meet loan repayments in WA rose 1 percentage point over the quarter and 3.6 percentage points over the year to 37.8 per cent, based on a median weeklyRead more

In recent news, the Fed Budget is handed down with a focus on housing; rental affordability continues to bite; rents hit record high; house prices reach new peak; vacancies ease slightly; ‘investor exodus’ looms in Victoria; banks fail struggling mortgage holders; WA to use undercover agents to catch out rent bidding; and the ATO setsRead more

Tax season is just around the corner, and as a landlord, it’s crucial to know what you can and can’t claim on your tax return. We’ve explored three key areas of deductions: those you can claim immediately, those that are spread over several years, and those you cannot claim. Understanding these deductions can help saveRead more

There are signs the rental market is easing as Perth’s median rents remained unchanged for the second month in a row. REIWA CEO Cath Hart said the latest data showed the median weekly dwelling and house rents held steady at $650 per week in May, while the median unit rent was stable at $600. “MembersRead more

There is no such thing as a normal property cycle – the length between the peaks and troughs can vary depending on the factors affecting the market. We’re in the midst of property boom and one question REIWA is often asked is: when will it end? The property market goes through cycles that include peaks,Read more

It’s often said that if you want to buy your first home, you’ll need to give up smashed avocado and Sunday brunches. But is that really true? It’s often said that if you want to buy your first home, you’ll need to give up smashed avocado and Sunday brunches. But is that really true? ThatRead more

With the cost of living continuing to skyrocket, it’s no surprise that many of us seek ways to save money. A noticeable trend among property owners is the inclination to self-manage their properties or, at the very least, engage an agent solely for tenant placement before taking on management responsibilities. While the idea of savingRead more

Rent bidding ban – likely to start May 2024 A tenant cannot be pressured into paying more money to help them secure an available rental property. Landlords or agents: Must advertise properties at a set amount. For example: ‘$425 per week’ not ‘offers between $400 and $500 per week’. Must not encourage a potential tenantRead more

The legislation limiting rent increases to once every 12 months has raised several questions. The REIWA’s Policy & Advocacy Team has reviewed the Act to provide you with answers. At the time of writing, a date for the legislation to come into effect has not been set, but for these scenarios we will assume itRead more

New home listings are getting snapped up at greater speeds, especially in the capital cities, as increasing buyer confidence and a shortage of new listings drives down the time spent on market. The speed in which listings are sold fluctuates over time, decreasing when market conditions are strong and increasing when the market is inRead more

Perth’s housing market continues to be a top performer nationwide. House prices reached another new record after surging 16.6% higher than a year ago – the city’s steepest growth in 17 years. It has also been a significant milestone for Perth’s unit prices, which soared to a record high and finally overtook the previous peakRead more

The first set of rental reforms – rent bidding and new provisions for retaliatory action – came into effect yesterday, Thursday 16 May. Rent bidding It will be illegal for agents or owners to ask or encourage tenants to pay more than the advertised price of the home. They face a $10,000 fine if they are foundRead more

The 0.25 percentage points interest rate rise is unlikely to derail the WA established homes ma “While this is unwelcome news for mortgage holders, interest rates are only one factor that affect a property market and WA’s market is being supported by a range of factors, including population growth, a strong economy and low unemployment,”Read more

REIWA CEO Cath Hart today welcomed the Cook Government’s new WA Rent Relief Program, which is aimed at protecting tenants at risk of eviction. “Rental conditions are extremely challenging at the moment, rents are at record highs and many tenants are experiencing significant rental stress,” she said. “The most vulnerable in our community are findingRead more

Houses in Perth sold in a median of eight days in October, a new record and nearly twice as fast as the 15 days recorded in October 2022. REIWA CEO Cath Hart said the speed of sales reflected the incredible demand for established homes. “It’s a perfect storm, with strong population growth coming up againstRead more

The national median home value climbed a further 0.36% in October to a new high, the PropTrack Home Price Index shows, with price growth accelerating over the first few months of spring and pushing home values in yet another capital to record levels. The downturn is now a distant memory in the fastest growing cities and regions,Read more

Median house prices across the combined capital cities have almost fully recovered from the downturn of 2022, but in a market where interest rates have risen and inflation is high, how has the market reached near-record prices so quickly? The latest Domain House Price Report, released on Thursday, measures the combined capital’s median house price at $1,072,480,Read more

Inflation data released by the Australian Bureau of Statistics (ABS) on Wednesday showed the consumer price index (CPI) rose by a larger-than-expected 1.2% in the September quarter, prompting economists to revise their predictions for the November RBA decision. ANZ previously expected rates to remain on hold in November, but now believes the “uncomfortably high” quarterlyRead more

REIWA CEO Cath Hart said new measures extending land tax exemptions represent a welcome saving for people currently building new homes or renovating. “The ongoing delays in the building industry have pushed completion times out significantly. This is not only putting a strain on the property market, it’s also putting a strain on people’s finances,”Read more

Major planning reforms to be introduced to State Parliament today will help get much-needed homes out of the ground faster, REIWA CEO Cath Hart said. “The planning approvals process is often cited by builders and developers as causing significant delays,” she said. “These reforms will cut the red tape and simplify the various processes, allowingRead more

Perth’s vacancy rate dropped to 0.7 per cent in September, a decline of 0.1 percentage points from August. “After rising to 0.9 per cent in July, the vacancy rate has been declining again,” REIWA CEO Cath Hart said. “Long term trends show rental listings tend to decline in the lead up to the end ofRead more

Finding a new place to live can be one of life’s biggest stressors – especially if you’ve got multiple open homes packed into a single Saturday. But it doesn’t have to be. If you’re gearing up to move into a new rental or looking for a place to buy, you might be (completely and understandably)Read more

Strong demand for homes saw listings for sale drop below 5,000 at the end of September, the lowest level in 30 years. REIWA CEO Cath Hart said the month saw a number of new records. “The median house price rose to $570,000 in September, which is 5.6 per cent higher than a year ago andRead more

One simple strategy could shave years off the life of a home loan, saving hundreds of thousands of dollars in interest along the way. The Reserve Bank of Australia held interest rates steady for the fourth month in a row in October, but households are still seeing their mortgage repayments rise as the previous hikes continue toRead more

Sales transactions in Perth last week were 15.5 per cent higher than the previous week, with REIWA members reporting 1,013 transactions. A closer look shows house sales were up 3.6 per cent on the week prior while unit sales were up 40.6 per cent and vacant land sales were up 61.6 per cent. There were 5,034 properties forRead more

Property market overview heading into spring selling season 2023 As the spring real estate season approaches, both buyers and sellers are gearing up for what promises to be an interesting market. The economic landscape including record high interest rates and a historic low in stock levels have created a question mark around demand and supply in allRead more

WA retained its position as Australia’s most affordable state for home buyers in the June 2023 quarter, but was beaten to the overall title by the two territories, according to the latest REIA Housing Affordability Report. In WA the proportion of family income required to meet loan repayments rose 0.4 percentage points to 35 per centRead more

A large share of properties hitting the market this year were owned for three years or less, but the reason why isn’t what it might initially seem. The share of short turnaround listings has picked up over the past couple years, after bottoming out during the pandemic, and is currently sitting around the highest it’sRead more

““We can expect to see house prices and rents continue to rise,” said REIWA CEO Cath Hart.” REIWA CEO Cath Hart said demand for established homes will remain strong following the release of the latest population data. According to the ABS, WA’s population grew 2.8 per cent to 2.855 million in the year to MarchRead more

Housing affordability is at its worst level in decades, and it is more challenging than ever for first-home buyers to get their feet on the property ladder. According to PropTrack’s Housing Affordability Report, dramatic mortgage rate increases and rising home prices have meant that property seekers in 2023 can afford fewer homes than when records beganRead more

The debate about the state of the rental market shouldn’t pit investors against tenants. It should look at the key issue, which is supply and demand. Over the last decade WA hasn’t built enough houses to meet population growth. In addition, in the past few years we have seen a significant number of investors leaveRead more

Perth’s median rent prices hit new highs in August. After sitting at $550 per week since March, the median dwelling rent rose to $575, reflecting the ongoing changes in both the median house and unit rents. They increased to $600 and $550 per week respectively. REIWA CEO Cath Hart said market conditions indicated more increasesRead more

There has been a lot of talk about Perth experiencing a property shortage. Is this really the case? REIWA research takes a look behind the data. When we talk about listings, we are talking about two types: Active or advertised listings: these are the number of properties you see advertised New listings: these are newRead more

Australia’s national shared equity scheme will not go far enough to make a serious dent in the housing shortage, and risks helping some people who had a chance of buying anyway, experts warn. The new Help to Buy scheme will start next year and allow a home purchase with a low 2 per cent deposit.Read more

I received a call this month from an owner of a property looking for my advice, concerned that their rental property which has been on the market for about 6 weeks with another agent had not gained much interest. The owners were understandably frustrated with their current agent but also perplexed. With demand for rentalRead more

There has been a lot of talk this year about the looming disaster presented by the mortgage cliff. The mortgage cliff refers to the sudden large increase in repayments mortgage holders on fixed rate loans will face when their term ends and their loans revert to variable, and the subsequent effect it will have onRead more

REIWA has welcomed the Cook Government’s position on retaining ‘no grounds’ evictions in WA, despite National Cabinet guidelines suggesting states look at the provision of reasonable grounds. National Cabinet last week ruled out rent freezes and caps, instead approving a guideline on renting, which it suggested the states implement. The guideline included: Reasonable grounds for evictionRead more

“Make the moving process stress-free and ensure you get your bond back sooner with our tips from trusted REIWA property managers.” Getting your security bond back at the end of a tenancy is a common concern for tenants. Our Information Services team receive multiple calls from tenants who are unsure of their rights and obligationsRead more

As the rental crisis bites, there are growing calls to strengthen tenants’ rights through rent freezes and caps, however experts warn these measures are likely to make the problem worse.  Renters continue to face rising rents and limited alternative homes to move into amid Australia’s rental housing emergency. The Greens and other groups are calling on governments to introduceRead more

Rental affordability has become a critical issue nationally amid a shortage of available rental properties and slowing home building across the country. New PropTrack figures revealed that the number of affordable rental homes had fallen to five-year lows nationwide in June except for Hobart, ACT and regional Northern Territory. Affordable rental homes were measured as rental propertiesRead more

Perth’s vacancy rate has recorded its first increase in six months. REIWA CEO Cath Hart said the vacancy rate rose to 0.9 per cent in July, affirming the Institute’s quarterly property forecast. “Perth has seen a sustained period of extremely low vacancy rates, sitting below 1 per cent for 23 out of the past 36Read more

Federation homes are the first in a new REIWA series, Architectural Exploration, where we’ll discover the diverse architectural property history Perth has to offer. Federation homes, with their rich heritage and timeless elegance, hold a special place in Western Australia’s architectural history. Characterised by intricate designs and ornate details, these residences have left a lastingRead more

The Reserve Bank of Australia has held interest rates steady for a second straight month, giving borrowers hope the central bank has reached the end of its tightening cycle. At its August board meeting on Tuesday the RBA kept the official cash rate at 4.1% – where it’s remained since June – as inflation continues to track lower andRead more

Australia’s property market recovery has strengthened, with new data showing national home prices rose 1.36% in the past year, regaining most of last year’s declines. National home prices rose for the seventh consecutive month in July, increasing 0.16%, according to the latest PropTrack Home Price Index. In three capitals — Brisbane, Adelaide and Perth — pricesRead more

The 2022-23 financial year was a year of new milestones for the Perth property market. “Despite multiple interest rate rises, 2022-23 saw house prices rise with new records set for the time to sell a property, the rental vacancy rate and rent prices,” REIWA CEO Cath Hart said. “Resilience was the key theme for theRead more

Property owners could be short-changing themselves tens of thousands of dollars by choosing to sell their home off-market, a new report has found. But real estate agents say in some cases, listing online can add hundreds of thousands – or even millions of dollars – to the final sale price. The 2023 PropTrack Off-Market Sales PerformanceRead more

The first step to navigate looming higher mortgage payments was for borrowers to speak to their current lender, AMP chief economist Shane Oliver said. “I think the key is to have a chat with the bank because banks don’t want people to default as that’s a problem for them as well,” he said. “So banksRead more

Traditionally the number of sales and listings fall in Winter, with Autumn and Spring the busy periods. So, if you’re thinking of selling now does this mean you should hold off until Spring? Not at all! Don’t let the cold and wet weather deter you, Winter can be a great time to sell. Here’s why.Read more

Higher rates, amid rapid growth in the cost of living, triggered a collapse in consumer sentiment which flowed through to a significant slowdown in the demand to buy real estate. This saw home prices fall as demand cooled and eight consecutive rate rises slashed the amount buyers could borrow. This year, conditions have shifted again.Read more

House prices are still on track to achieve low to moderate growth in 2023, while unit prices will remain relatively stable, according to REIWA’s 2023 property market quarterly update. Rents are also expected to rise further. “Perth’s annual median house price has increased 1.5 per cent to $552,000 since the end of 2022,” REIWA CEORead more

It took a median of 10 days to sell a property in June, the fastest time on record, according to www.reiwa.com data. “Demand remains strong and properties continue to sell incredibly quickly,” REIWA President Joe White said. “Demand is being fuelled by population growth, along with more people turning to the established homes market due to theRead more

Experts have warned the Reserve Bank’s decision to keep interest rates on hold on Tuesday was not a sign future hikes were not on the horizon, but it has paved the way for buyer confidence to strengthen. Real Estate Institute of Australia president Hayden Groves said the pause will give the property market a shot in theRead more

With active listings in Perth dropping below 5,500 this week, there are concerns we’re facing a shortage of homes for sale. But is it a major shortage of properties coming to market, or is it the high demand and speed at which buyers are snapping them up that’s driven active listings to the lowest levelsRead more

Building a new home is exciting, but it’s a big job requiring important decisions to be made. That’s why doing some research before starting the process can go a long way. Here are some essential things to ask yourself before embarking on the journey. 1. Should you buy a house and land package? When itRead more

Current challenges for developers and planning rules are key impediments for growing our cities in these locations. But there is also significant well-located spare housing, that policy changes could unlock. There is a focus on building more homes, but we also need to prioritise putting them in the right places As rents and mortgage costsRead more

REIWA CEO Cath Hart has welcomed the State Government’s move to ease financial pressure on tenants by increasing the income and asset limits for the Bond Assistance Loan Scheme. The Department of Communities offers up to four weeks rent as bond assistance and two weeks rent in advance as an interest-free loan to help eligibleRead more

Over the first five months of 2023, national property prices increased by 1.5%. Aside from Darwin, all capital cities saw prices rise in May, with Adelaide and Perth sitting at peaks. By comparison, national home prices were 2.4% lower over the 2022 calendar year. Brisbane, Adelaide, Perth and Darwin recorded growth but falls occurred in allRead more

Hundreds of thousands of home owners will feel the full effect of 12 interest rate rises when their mortgages switch from fixed to variable rates in the coming months. It will mean a significant adjustment to many household budgets and will tip some borrowers into financial hardship. If you are worried about a looming mortgageRead more

Angus Raine, Raine & Horne executive chairman, said the potential impact of the Reserve Bank’s decision was concerning for homeowners struggling to manage rising mortgage and energy expenses. He said the RBA has indicated there could be a need for further actions to tighten monetary policy in order to achieve its inflation target of 2-3%Read more

The number of properties available for sale in Perth fell to 5,885 at the end of May. This is 8.8 per cent lower than April and 29.3 per cent lower than 12 months ago. The last time levels were this low was mid-2010. “Despite 11 interest rate rises, demand hasn’t slowed,” REIWA CEO Cath HartRead more

REIWA CEO Cath Hart today welcomed the McGowan Government’s announcement of rental reforms, saying they struck the right balance. “In assessing housing policy, the big question is whether it will increase the number of homes that can be built, bought or rented,” Ms Hart said. “While recent State Budget initiatives focussed on supply, we alsoRead more

With the announcement of reforms to the Residential Tenancies Act 1987 last week, there are plenty of questions about what the reforms will mean in practice, how they will be implemented, and when. We have compiled a summary of the reforms and the most Frequently Asked Questions coming from members of the community, as weRead more

The end of the financial year is just around the corner and the Australian Tax Office has got its eye on property investors. According to ATO research, property investors as a whole paid about $1.3 billion less than they should have in the 2019-20 financial year. An ATO review also showed 9 in 10 investmentRead more

A former social housing resident and high school failure has defied the odds to build a property portfolio worth $1.8m. Kev Tran, 32, grew up in western Sydney’s Liverpool area after his Vietnamese parents immigrated to Australia in the 1980s. Mr Tran said he worked minimum wage jobs after leaving school, but is now a father andRead more

Perth house prices increased over the March quarter to an all-time high. In fact, Perth and Adelaide are the only capital cities currently at a record high. That said, the upswing continues to lose steam as quarterly house price growth more than halved compared to the previous quarter, reducing the annual increase to a two-and-a-half-yearRead more

REIWA CEO Cath Hart has welcomed the McGowan Government’s measures to address housing supply in the 2023-24 budget. “The big question in assessing housing policy in this market is whether it will increase the amount of homes that can be built, bought or rented, and the Budget announcements tick those boxes,” Ms Hart said. “The Government hasRead more

This week I came across a story that was covered on multiple major news platforms where a Sydney renter takes her TikTok followers on a tour of the studio apartment, she pays $500 a week for. This apartment, according to all the headlines was sparking outrage! I saw another story about a Melbourne CBD apartmentRead more

Federal budget measures to reduce cost of living pressures for Australian households and more rent assistance funding have been welcomed by industry groups, but many believe more should be done to address the nation’s housing supply crisis. The budget has delivered its largest increase to Commonwealth Rent Assistance in more than three decades, by increasingRead more

The Federal Government has announced a significant expansion to its Home Guarantee Scheme, with the aim of helping more people achieve home ownership sooner. Typically potential homeowners need a 20 per cent deposit to secure a home loan. While you can buy a home with lower deposit, you will have to pay Lenders Mortgage Insurance (LMI)Read more

REIWA CEO Cath Hart said the WA property market would weather this week’s interest rate rise. “The market has proven to be extremely resilient in the face of the 10 previous rises, and we expect it will adjust to this one as well,” she said. “We haven’t seen the significant price drops experienced in eastRead more

Houses and units: a tale of two markets Perth’s house market is on the rise, with the median price increasing 3.2 per cent in the year to April. “The preliminary median house price for April is sitting at $547,000, which is $500 below the current figure for March, but www.reiwa.com sales data suggests this will increase asRead more

Scammers are continuing to target tenants desperately seeking a rental property in today’s tight market. They are luring tenants in by advertising properties for rent on platforms like Gumtree and Facebook Marketplace or responding to tenants’ own pleas on these sites to find a home. They usually claim to have a property available, send picturesRead more

The first quarter of 2023 has played out largely as expected when it comes to residential property – with one notable exception. At the start of the year, we forecast that national property prices would fall 7% to 10%, but it appears the direction of the market would now have to change significantly in theRead more

ANZAC Sunset Service When: Mon, 24th April 5pm – 5.30pm Where: State War Memorial Precinct at Kings Park Conducted around the Flame of Remembrance and will offer an intimate service focusing on contemporary conflicts around the world. State War Memorial Dawn Service When: Tues, 25 April 5.50am – 7.00am Where: The State War Memorial inRead more

REIWA’s 2023 property market quarterly update estimates Perth house prices will remain steady in the first half of 2023, while rent prices will continue to increase. “Perth’s median house price increased marginally in the first quarter of the year, rising 0.9 per cent from $540,000 at the end of 2022 to $545,000 at the endRead more

March 2023 quarter Perth’s rental market remains firmly locked in favour of landlords. The mismatch of high demand and low supply keeps the vacancy rate close to a historic low, creating challenging conditions for tenants. Units are experiencing an acceleration in rental growth, reaching a record high for the first time since 2013. Investors areRead more

As the temperature starts to fall and balmy summer days fade into the distance, it’s the perfect time to consider simple ways to introduce some autumn style into your home. Here are a few inspired ideas to keep things feeling bright from the Crave styling team. Colour it up Introduce some on trend colours suchRead more

So, you’ve decided to downsize, now comes the even bigger task – packing. Use these tips to make moving as stress-free as possible. Give yourself plenty of time  You have a lifetime of memories to go through, and you don’t want to rush things. Give yourself ample time to go through your belongings and decide whatRead more

Perth’s vacancy rate was 0.7 per cent in March, unchanged from February and January. REIWA CEO Cath Hart said the ongoing shortage of rental properties meant more rent rises were a certainty, with many tenants facing their first increases since interest rates started to rise nearly a year ago. “There has been a lot ofRead more

After a peak to trough decline of just over 4%, home prices at a national level are now growing once more, with Sydney leading the rebound. The housing market started the year on a stronger footing and after nine consecutive months of declines, home prices rose in March for the third time this year. MarketRead more

The latest PropTrack Rental Snapshot for March reveals rental prices have grown at the fastest pace since pre-pandemic, surging 11% nationally over the past year. Median rental prices are now $500 per week nationally, with capital city rents up 13% year-on-year, far outpacing regional prices, which grew by 4.5% year-on-year, the report shows. The MarchRead more

The average person could add $130,000 to their borrowing power by taking six clear steps from the comfort of their couch – and a warning, one of them involves getting stuck in with scissors. Analysis by RateCity found a single person earning the average wage of about $92,030 could potentially boost their borrowing power byRead more

Average mortgage rates have more than doubled since the Reserve Bank began its hiking cycle in May last year, but not everyone is being impacted equally. This time last year, mortgage holders were dishing out about 2.9% in interest, while this has now increased to 5.9% – and could go even higher. Some Australians are being hitRead more

If you’re thinking about renovating to sell or rent, there are many questions to ask yourself. Where can I make the most impact and gain the highest return? Should I tackle every room or make one room the focus? Heart of the house  If there’s one room that has the highest impact, it’s the kitchenRead more

Perth was among four capital cities to record an increase in their median house prices in the December 2022 quarter, according to the latest REIA Real Estate Market Facts. Perth’s median house price rose 2.7 per cent to $550,000 over the quarter and 2.2 per cent over the year. “The Perth market showed resilience followingRead more

Interest rates are starting to bite, with housing affordability declining across the country. Despite this, WA remains one of the most affordable places to buy a home. In WA the proportions of median family income* needed to make loan repayments** rose 2.3 percentage points to 33.8 per cent in the December 2022 quarter. This isRead more

Sometimes, for a variety of reasons, you may find you need to break your lease and move out of your rental property earlier than planned. For example, you might have to relocate for work, perhaps your financial situation has changed, or you are going through a relationship breakdown. It happens, things change, but if youRead more

The kids have moved out and it’s time to think about what you want in a home. Perhaps you want to travel and want a place you can lock-up and leave. You would no doubt want  to spend less time maintaining house and garden and more time enjoying yourself. There are many reasons people decide to downsize whether  financial,  to be close to  family, Read more

The call for restrictions on Airbnb and similar platforms regularly makes headlines as the rental shortage in WA and across the country continues. REIWA CEO Cath Hart said targeting short-stay accommodation diverted attention from the broader issue, which was that WA needed a lot more properties. “Short-stay accommodation such as Airbnb is only a relativelyRead more

Natural disasters, such as floods, fires or cyclones, do have an immediate effect on a region’s property market. Market activity naturally slows as people are unable to buy, sell or rent damaged property and the community focus is usually on dealing with the aftermath of the event. Market activity will then pick up in thoseRead more

As Perth’s median rent rose to a record $535 per week in February, REIWA CEO Cath Hart said WA needed 18,000 – 20,000 new rental properties to return to a balanced market. “Perth’s vacancy rate is currently at 0.7 per cent, during a balanced market it usually sat between 2.5 and 3.5 per cent,” Ms HartRead more

RateMyAgent – Australia’s number one reviews, ratings and rankings website for real estate agents – has announced Paragon Property as the winner of its 2023 North Perth Agency of the Year Award.   The nineth annual awards held at Melbourne’s Plaza Ballroom – and MC’d by New Zealander, comedian, actress, and scriptwriter Melanie Bracewell –Read more

The overwhelming consensus is the Reserve Bank is likely nearing the end of its tightening cycle and that mid-term supply and demand fundamentals remain imbalanced. While buyer demand is softer of late, the number of Australians looking to buy a home remains elevated. And despite a fall in the number of new for-sale listings, the supply of dwellingsRead more

Affordability, appetite and low availability would drive the relative resilience of WA’s property market over the next year, according to REIWA CEO Cath Hart. “WA remains one of the most affordable markets in the country, our median house price of $540,000 is nearly half that of Sydney’s,” Ms Hart said at the annual API REIWARead more

The latest interest rate rise will have a more moderate impact on the WA property market than other states because of the strong local market fundamentals, according to REIWA CEO Cath Hart. The Reserve Bank of Australia lifted the cash rate by 0.25 basis points to 3.35 per cent on Tuesday. That sees an increaseRead more

The Perth property market continues to hold steady in the face of the eight consecutive interest rate increases in 2022. “Our market remains resilient and stable, particularly when compared to the east coast,” REIWA CEO Cath Hart said. “While other capitals saw values jump dramatically during the pandemic, the COVID effect was much more subduedRead more

Eva, one of our amazing Property Managers shared her famous French crepe recipe for you to try at home! Originally from France, Eva completed her property studies and then went on to specialise in Property Management there for the next three years. During her free time she enjoys dance courses, cooking French dishes (of course!), socialisingRead more

Last week our amazing leasing agent took some much-deserved time off. While Vicky was at home with her feet up binge-watching Dr Phil, yours truly put his hand up to cover her role. If you are not in the industry there is every chance that you are not aware of the key role a leasingRead more

Western Australia’s population grew in the June 2022 quarter, up 0.4 per cent on the March quarter and 1.3 per cent higher than the same time last year, according to the latest data from the Australian Bureau of Statistics. WA recorded growth in both interstate migration and overseas migration over the year. Both New SouthRead more

Western Australia’s strong property market conditions are expected to continue, with REIWA’s 2023 outlook estimating Perth house prices will show moderate growth of between 2 and 5 per cent in the next 12 months. “Perth’s median house price rose 2.86 per cent to $540,000 in 2022, up from $525,000 in 2021 – this was despiteRead more

The decision to sell your home can be life-changing and when you are considering when the right time might be, you can sometimes get caught up in the hype of when it might be a good time to test the market. Largely, the real estate market can be seasonal in the demand for property. SpringRead more

This week we had the unfortunate experience of having to tell several people that they had fallen victim to a scam. Photos from one of our rental properties were downloaded from the internet and used by someone on Facebook Marketplace to advertise a property that they didn’t own. Some of the victims had even paidRead more

When it comes to selling your home, there are a few things that you should consider before deciding to sell and then testing the market to see if it will achieve your goal sale price. Avoiding little mistakes along the way can reduce stress and maximise the outcome. 1. Avoid overcapitalising on improvements It mayRead more

With winter almost over and spring on the horizon, many West Australians choose this time of year to list their property for sale.

I have noticed a growing trend amongst some agencies to list their rental properties asking for offers over a certain price or offers…

When property markets are influenced by external factors or changes in economic conditions, there can be fluctuations…

Sales activity increased 16.8 per cent in Perth last week, with REIWA members reporting 926 transactions. Over the week, house sales increased 17 per cent, unit sales increased 5.8 per cent and vacant land sales increased 41.5 per cent. Properties for sale There were 8,479 properties for sale in Perth at the end of last week, which is 0.9Read more

Sales activity decreased 9.9 per cent in Perth last week, with REIWA members reporting 801 transactions. Over the week, house sales decreased 8.8 per cent, unit sales decreased 3.2 per cent and vacant land sales decreased 36.9 per cent. Properties for sale There were 8,560 properties for sale in Perth at the end of last week, which isRead more

Back in 2019 Consumer protection WA started the “Your house My home” initiative and asked renters to have their say in the review of residential tenancy laws. It has been over ten years since this legislation has been reviewed and with the cost of housing increasing and more people staying in rental accommodation for longer, theyRead more

Sales activity increased 3.2 per cent in Perth last week, with REIWA members reporting 899 transactions. This can be attributed to a 1.5 per cent decrease in house sales, a 16.5 per cent increase in unit sales and a 22.2 per cent increase in vacant land sales over the week. Properties for sale There were 8,599 properties forRead more

Heathridge, Inglewood, Kingsley and Woodvale were among the 20 fastest-selling suburbs in Perth during the 2021-22 financial year, each recording a median selling time of just seven days. REIWA President Damian Collins said market conditions across Perth were strong, which was reflected in the very fast median selling times recorded by these 20 suburbs. “EveryRead more

If you own one or even more investment properties, there are benefits to employing a qualified property manager to take care of your assets and who will ensure that the essential areas are taken care of. A good property manager will take the potential stress away from you when it comes to management of theRead more

Sales activity increased 2.2 per cent in Perth last week, with REIWA members reporting 879 transactions. This can be attributed to a 6.7 per cent increase in house sales, a 0.6 per cent increase in unit sales and a 30 per cent decrease in vacant land sales over the week. Properties for sale There were 8,532 properties forRead more

The return of the cooler months can be a time where it is tempting to hibernate and let those maintenance items go around your home until the spring warmth is back. Keeping on top of home maintenance in the winter months will ensure that it doesn’t get too far behind. Check walls and ceilings forRead more

Western Australia is the second most affordable place in the country for housing and rentals, according to the Real Estate Institute of Australia’s (REIA) latest Housing Affordability Report. The report determines affordability based on what proportion of the median weekly family income is required to service loan repayments and pay rent in the respective state orRead more

Sales activity increased 11.4 per cent in Perth last week, with REIWA members reporting 959 transactions. This can be attributed to a 10.8 per cent increase in house sales and a 12 per cent increase in vacant land sales. Unit sales decreased 1.8 per cent during the week. Properties for sale There were 8,521 properties for sale inRead more

I was contacted this week by an owner seeking advice as her property had been on the market for a few weeks with little interest. She was starting to have some concerns about whether her agent was doing all they could to secure new tenants. Said Landlord explained that her property was worth $600 perRead more

Sales activity decreased 2.6 per cent in Perth last week, with REIWA members reporting 875 transactions. This can be attributed to a three per cent increase in house sales, a five per cent decrease in unit sales, and a 12 per cent increase in vacant land sales. Properties for sale There were 8,431 properties for sale in Perth atRead more

The winter months can sometimes be unpredictable when it comes to the weather. Rather than it dampening your moving plans, take some steps to ensure that your move is as seamless and stress-free as possible. Check the weather app Rain has the potential to cause havoc on your moving plans so being prepared for anyRead more

Tax depreciation is often overlooked in investment property ownership and arranging a schedule or estimate if your property is eligible before 30 June can help you to maximise the potential tax returns. A tax depreciation schedule can be organised through a quantity surveyor who will inspect your rental property and report back on the depreciableRead more

Sales activity decreased 3.6 per cent in Perth last week, with REIWA members reporting 911 transactions. This can be attributed to a two per cent increase in house sales, an 11 per cent decrease in unit sales and a 32.9 per cent decline in vacant land sales. Properties for sale There were 8,294 properties for sale in Perth atRead more

REIWA welcomes the housing supply and affordability measures outlined by Premier and Treasurer Mark McGowan in today’s 2022-23 WA Budget announcement. The 2022-23 WA Budget revealed a budget surplus of $5.7 billion for this financial year, and a surplus of $1.6 billion for next year. REIWA President Damian Collins said the positive outlook for theRead more

Winter is an ideal season for selling your home. For one, there are typically fewer listings than in the warmer months, coupled with the same numbers of potential buyers. Secondly, home buyers know you mean business when selling your property in winter. Without the benefit of blooming spring gardens and inviting summer breezes, the uniqueRead more

Top tips for renter success Making sure your essential documentation is in place is an ideal start. You will need primary forms of identification, which have a photo ID when applying. These include a valid driver’s licence, passport and a Keypass or other official proof of age. You may also be required to produce secondaryRead more

The Real Estate Institute of Australia (REIA) is urging calm with a rate rise to 0.35 per cent, which is anticipated to have a moderate impact on housing affordability Australia-wide. REIA President Hayden Groves said the cash rate increase would have modest impacts on affordability with banks and mortgage holders well prepared. “Wages are expectedRead more

It’s fair to say that the national housing market is steadily peaking this year, hot on the heels of unprecedented price hikes in 2021. But 2022 is signalling a turnaround in the unit rental markets and unit price growth could outperform that of houses, according to the SQM Housing Boom and Bust Report 2022. “WithRead more

Sales activity decreased 10 per cent in Perth last week, with REIWA members reporting 788 transactions. This decrease can be attributed to a 16 per cent fall in house sales, an 18 per cent rise in unit sales, and a no change in vacant land sales over the week. Properties for sale There were 8,022 properties for saleRead more

Sales activity decreased 10 per cent in Perth last week, with REIWA members reporting 883 transactions. This can be attributed to a three per cent fall in house sales, a 30 per cent fall in unit sales, and a 24 per cent fall in vacant land sales over the week. Properties for sale There were 7,769 properties forRead more

If you have been an owner of an investment property for any period of time, then you will understand that good long-term tenants are worth their weight in gold! Good tenants do more than just pay rent on time, they care for your property like it was their own and give you great peace ofRead more

With the weather still comfortable and families enjoying the great outdoors in most states, now is the time to prepare your home for the approaching winter. A little planning and preventative maintenance go a long way towards cleaning and sprucing up your home and garden in readiness for the colder months ahead. The benefits ofRead more

The Perth property market has experienced strong market conditions since the end of 2020 and there are no signs of this momentum slowing. However, even with the price growth we have experienced since the market turned, Perth remains very affordable. Perth’s median house price is the cheapest of all capital cities Last month, the RealRead more

On Tuesday evening, Federal Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget, which the Real Estate Institute of Australia (REIA) has labelled a ‘budget for the times’. While REIA welcomed the measures in the budget, saying they will help constrain runaway inflation, provide the right signal for interest rates and assist challenges to housingRead more

Making sure your investment property is properly managed and protected is paramount to the investor. Appreciation and profitability go hand in hand towards ensuring that your investment enhances wealth creation and provides security for this generation and the next. It is important to compare and contrast the most desirable qualities of property management. This isRead more

As autumn weaves its magic in our gardens, there are several home decor trends that are also set to flourish in this season of regeneration. A large part of successful interior styling is the ability to adapt to the changing seasons and — with its implied comfort factor and colour scheme, featuring vibrant hues ofRead more

Sales activity increased 32 per cent in Perth last week, with REIWA members reporting 1,198 transactions. This can be attributed to a 36 per cent increase in house sales, a 19 per cent increase in unit sales and a 37 per cent increase in vacant land sales. Properties for sale There were 7,877 properties for sale in Perth atRead more

Western Australia has retained the title of most affordable place in the country for renting and is the most affordable state in the country for housing, according to a new report by the Real Estate Institute of Australia (REIA). REIA’s Housing Affordability Report determines affordability based on what proportion of the median weekly family income is requiredRead more

Sales activity decreased 18 per cent in Perth last week, with REIWA members reporting 913 transactions. This can be attributed to a 20 per cent decline in house sales, an eight per cent decline in unit sales and a 27 per cent decline in vacant land sales. Properties for sale There were 7,971 properties for sale in Perth atRead more

The Perth property market continues its steady growth trajectory, with CoreLogic reporting Perth home values increased 0.3 per cent during February. REIWA President Damian Collins said the Perth property market was on track for another solid year of price growth. “REIWA members across Perth are reporting strong market conditions. We don’t anticipate the demand forRead more

Even In the shadow of this never-ending pandemic and the current threat of global conflicts, Australia’s real estate market has continued to puff away on an uphill trajectory like the little engine that could. While crypto and NFTs (still not too sure what those are) may be the current investment fad of the day, thereRead more

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,094 transactions. This can be attributed to a 26 per cent decline in vacant land sales. There was no change to house sales during the week and unit sales increased five per cent. Properties for sale There were 7,913 properties forRead more

If the subdivision of land is in your investment plan, there are many rules, regulations and financial options/variables to consider. Bear in mind that subdivision compliance, processes and costs vary on a state by state and regional basis. Check with your local council and construction company/developer before taking the leap. Subdivision scenarios  Initially, creating aRead more

Sales activity increased five per cent in Perth last week, with REIWA members reporting 1,123 transactions. This can be attributed to a 17 per cent increase in vacant land sales, a 14 increase in unit sales and a two per cent increase in house sales. Properties for sale There were 7,903 properties for sale in Perth at the endRead more

Widely perceived as industry agitators, baby boomers have the financial means and impetus to “disrupt” the real estate sector. The boomers are shunning rationed care in favour of creating the retirement lifestyle of their dreams. Research indicates that baby boomers present a massive demographic shift — with this next generation being the wealthiest and mostRead more

Sales activity decreased six per cent in Perth last week, with REIWA members reporting 1,080 transactions. This can be attributed to a 17 per cent decline in unit sales and a 35 per cent decline in vacant land sales. House sales figures were unchanged. Properties for sale There were 7,982 properties for sale in Perth at the end ofRead more

I have met investors over the years that have managed their own properties without issue. This is great, but the thing that has always perplexed me though is why they would bother to do it themselves at all. Having spent years in property management in Melbourne and Perth I know firsthand the work that is involved inRead more

It is fascinating to think how Scandinavia – such a small geographic region – has had such a strong influence on design, starting in the middle of the 20th century and continuing into the present day, globally. Scandinavian design is known for combining simplicity, craftsmanship, elegant functionality and quality materials. Sophistication is present in its details and itsRead more

Sales activity increased 18 per cent in Perth last week, with REIWA members reporting 1,160 transactions. This can be attributed to a 16 per cent increase in house sales, a 17 per cent increase in unit sales and a 33 per cent increase in vacant land sales. Properties for sale There were 7,975 properties for sale in Perth atRead more

CoreLogic’s Perth home value index increased 0.6 per cent during January, the highest monthly increase since May 2021. REIWA President Damian Collins said this was a strong start to the year, especially given activity is typically lower in January following the festive season. “Demand has been strong in the first month of the year. IfRead more

If you are in the market for a rental property, then you will understand the market in Perth is extremely tough for tenants right now. This week we had a record of 95 people registering to inspect a single property! With so many tenants competing for so few properties, people are missing out and becoming increasingly frustratedRead more

Tradies are in high demand and short supply as Australians spending more time at home during the pandemic drive a renovation boom. Australians have been spending record amounts on renovations, with PropTrack senior economist Eleanor Creagh saying COVID has driven an ongoing reassessment of lifestyle wants and housing needs. “Home renovations have boomed nationwide asRead more

Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 997 transactions. This increase can be attributed to a 21 per cent increase in house sales and a 20 per cent increase in unit sales. Vacant land sales decline 10 per cent during the week. Properties for sale There were 8,256 properties for saleRead more

According to the Oxford Dictionary, a trend is, “a general direction in which something is developing or changing.” More than ever in the world of interiors, we are looking at interior design trends for 2022 in this sense, rather than simply as, “a fashion.” Like it or not, the past twelve to eighteen months haveRead more

Sales activity continued to rebound in Perth following the holiday season slowdown, REIWA members reporting 853 transactions, which is a 45 per cent increase on last week. This increase can be attributed to a 48 per cent increase in house sales, a 34 per cent increase in unit sales and a 47 per cent increaseRead more

Prices to rise further when border falls Western Australia’s border reopening will set the stage for another year of solid growth in house prices in 2022. The Real Estate Institute of WA (REIWA) predicts house prices will jump 10 per cent this year as the state finally lowers the drawbridge to interstate and overseas migrants on FebruaryRead more

Sales activity has begun to rebound in Perth following the holiday season slowdown, with REIWA members reporting 594 transactions, which is a 124 per cent increase on last week. This increase can be attributed to a 123 per cent increase in house sales, a 210 per cent increase in unit sales and a 38 per cent increaseRead more

After a bullish 2021, Perth house prices and rents are expected to skyrocket again in 2022. According to REIWA, Perth house prices will rise a further 10 per cent next year, following 14 percent growth in the past year. REIWA President Damian Collins said the market was firmly in recovery. “Despite the strong price growthRead more

2021 was a big year for the Perth property market, with CoreLogic’s latest data showing Perth home values increased 13.1 per cent during the calendar year. REIWA President Damian Collins said the increase in the CoreLogic hedonic home value index over the last 12 months was good news for Perth property owners. “2021 saw aRead more

Western Australia’s strong property market conditions are expected to continue, with REIWA’s 2022 outlook estimating Perth house prices will rise a further 10 per cent next year. REIWA President Damian Collins said the WA property market was firmly in recovery, with the Institute forecasting Perth house prices to increase by 10 per cent in 2022,Read more

Sales activity increased one per cent in Perth last week, with REIWA members reporting 1,008 transactions. This increase can be attributed to a 36 per cent increase in vacant land sales, however house sales declined one per cent and unit sales were unchanged. Properties for sale There were 9,007 properties for sale in Perth at the end of lastRead more

Sales activity decreased four per cent in Perth last week, with REIWA members reporting 1,007 transactions. This decrease can be attributed to a 47 per cent decline in vacant land sales. House sales were unchanged over the week and unit sales recorded a two per cent increase. Properties for sale There were 9,286 properties for sale in Perth atRead more

I have said before that when investors are making enquiries about property management services, the first thing they usually want to speak about are fees. I believe this is because there is an unfortunate misconception that all property management agencies are the same and so they look at the cost as the deciding factor when appointing aRead more

Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,060 transactions. This stability can be attributed to a four per cent increase in house sales and an 18 per cent increase in vacant land sales. Unit sales declined two per cent during the week. Properties for sale There were 9,348 properties for saleRead more

There has been a lot to digest in the property market over the last month, with national commentators and economists all having their own views on what might happen in the future. One thing that the Reserve Bank of Australia has been very strong on recently is that we won’t see dramatic variable interest rateRead more

Sales activity increased nine per cent in Perth during November 2021, with reiwa.com reported sales data showing the average weekly sales figure was 1,048 during the month, which is 24 per cent higher than November 2020. REIWA President Damian Collins said the spring selling season had turned up a notch, with November marking the fourthRead more

Sales activity was stable in Perth last week, with REIWA members reporting 1,033 transactions. This stability can be attributed to a one per cent increase in house sales, an 11 per cent decline in unit sales and an 11 per cent increase in vacant land sales. Properties for sale There were 9,280 properties for sale in Perth at theRead more

Perth is shaping up to be a bright spot for property investors who would like to expand their portfolios. Momentum Wealth finance team leader Caylum Merrick said recent market indicators are pointing to a strong outlook for Perth. “With Perth property values recording sustained growth over the past 12 months, many owners have benefitted fromRead more

Sales activity decreased 0.9 per cent in Perth last week, with REIWA members reporting 1,047 transactions. This decrease can be attributed to a 1.8 per cent decline in house sales and a 5.1 per cent decrease in vacant land sales, however, unit sales increased 4.5 per cent. Properties for sale There were 9,214 properties for sale in Perth atRead more

Perth’s impressive property affordability rates and elusiveness from the pandemic has made it more appealing than ever to make the switch from the east coast to the west. Many Perth real estate agents, such as Realmark Coastal Sales Associate Karen Riches, are receiving constant interest from buyers based in the eastern states to buy propertiesRead more

Sales activity decreased two per cent in Perth last week, with REIWA members reporting 1,067 transactions. This decrease can be attributed to a five per cent decline in house sales. However, unit sales were stable and vacant land sales increased 46 per cent. Properties for sale There were 9,067 properties for sale in Perth at the end of lastRead more

Will I get my bond back? Well, the short answer is yes… So, you can relax.   When I meet people and I tell them that I work in property, it’s amusing how many people then want to ask me questions about getting their bond back. I also often get panicked calls from friends orRead more

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,097 transactions. This decrease can be attributed to a four per cent increase in house sales, an eight per cent rise in unit sales, and a 51 per cent fall in vacant land sales over the week. Properties for sale There were 8,863 propertiesRead more

Perth’s spring selling season is underway, with 119 suburbs recording an increase in listings for sale during October. REIWA President Damian Collins said spring traditionally saw more sellers come to market, ready to take advantage of increased buyer activity following the winter slowdown. “Spring 2021 has so far continued the trend we’re used to seeingRead more

Sales activity increased 11 per cent in Perth last week, with REIWA members reporting 1,114 transactions. This increase can be attributed to a seven per cent increase in house sales and a 116 per cent increase in vacant land sales. Unit sales were unchanged. Properties for sale There were 8,678 properties for sale in Perth at the end ofRead more

CoreLogic has released its revised Perth home value index which shows that in the 12 months to September 2021 Perth house prices grew 18.1 per cent. The revised figure follows the recent CoreLogic announcement that there had been a divergence in the reporting of its hedonic index, which caused the Perth home value index (whichRead more

Sales activity was stable in Perth last week, with REIWA members reporting 1,010 transactions. This stability can be attributed to a one per cent increase in house sales, a five per cent increase in unit sales and a 27 per cent decline in land sales. Properties for sale There were 8,695 properties for sale in Perth at the endRead more

Perth house prices have surged more than 18 per cent in the past year, and even more in regional WA, according to revised property data by CoreLogic. The property data company’s September Home Value Index shows a staggering 18.1 per cent increase in home values in Perth over the past year. That is broken down toRead more

Sales activity was stable in Perth last week, with REIWA members reporting 1,017 transactions. This stability can be attributed to an eight per cent increase in house sales, a five per cent decline in unit sales and a 37 per cent decline in land sales. Properties for sale There were 8,550 properties for sale in Perth at the endRead more

Unit price growth is outperforming house price growth in 19 Perth suburbs, with Joondalup, Maylands and Rockingham the top three suburbs where unit price growth is stronger than house price growth. REIWA President Damian Collins said it is pleasing to see units in these suburbs benefiting from the strong buyer demand and joining in onRead more

Sales activity increased 25 per cent in Perth last week, with REIWA members reporting 1,024 transactions. This increase can be attributed to a 21 per cent increase in house sales, a 25 per cent increase in unit sales and a 67 per cent increase in land sales. Properties for sale There were 8,445 properties for sale in Perth atRead more

Perth price growth has accelerated over the last year, with CoreLogic data confirming the Perth home value index has increased 18.1 per cent in the last 12 months. This comes after CoreLogic revealed a divergence in its hedonic index* which had undervalued the Perth home value index by 8.4 per cent. This correction has pushedRead more

Sales activity decreased 22 per cent in Perth last week, with REIWA members reporting 828 transactions. This decrease can be attributed to a 20 per cent decline in house sales, a 16 per cent decrease in unit sales and a 44 per cent decrease in vacant land sales. Properties for sale There were 8,360 properties for sale inRead more

The family is coming over – you’re stressed, you’ve been busy cooking lunch and taking care of the kids, and you only have a moment to tidy up. Where do you start? A lot of folks fear entertaining because it can snowball into quite the responsibility. Cleaning the house, feeding everyone, making sure the dogsRead more

Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 1,074 transactions. This increase can be attributed to a 10 per cent increase in house sales, a 32 per cent increase in unit sales and an 80 per cent increase in vacant land sales. Properties for sale There were 8,373 properties for sale inRead more

Perth remains one of the most affordable places in the country to buy a house, which is especially evident when comparing the most affordable suburbs within 10 kilometres of the Perth CBD to the equivalent suburbs in Sydney and Melbourne. CoreLogic data shows the ‘cheapest’ suburb within 10 kilometres of the CBD in Melbourne isRead more

Sales activity increased one per cent in Perth last week, with REIWA members reporting 911 transactions. This increase can be attributed to an eight per cent rise in house sales, however unit and land sales fell by 11 per cent and 19 per cent respectively. Properties for sale There were 8,537 properties for sale in Perth at the endRead more

New reiwa.com data shows 62 Perth suburbs recorded median house sale price growth during August. The Perth property market is usually quite subdued during winter, so it’s impressive that so many Perth suburbs still recorded median house sale price growth. Cooloongup was the top performer Cooloongup recorded the strongest growth during the month, with its median house sale price increasing 4.5 perRead more

Sales activity decreased seven per cent in Perth last week, with REIWA members reporting 902 transactions. This decrease can be attributed to a 10 per cent decline in house sales, however unit sales were up three per cent and vacant land sales were up five per cent. Properties for sale There were 8,509 properties for sale in Perth atRead more

Western Australia is once again the most affordable state in Australia for housing and rentals, according to the Real Estate Institute of Australia’s Housing Affordability Report. Residential sales market Although overall affordability declined in WA during the June 2021 quarter, WA remains the most affordable state in the country for housing, with only the Australian Capital Territory and Northern Territory more affordable. The Housing Affordability Report showsRead more

Sales activity increased six per cent in Perth last week, with REIWA members reporting 978 transactions. This increase can be attributed to an 11 per cent increase in house and unit sales and a four per cent increase in vacant land sales. Properties for sale There were 8,337 properties for sale in Perth at the end of last week,Read more

House hunters are out in force in Perth’s property market as the spring market rush looms – and the number of buyers is already outstripping sellers. New data from Domain has found attendance numbers at open homes in the statistical area (SA4) of inner Perth have risen 30 per cent over four weeks. And in theRead more

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 931 transactions. This increase can be attributed to a three per cent increase in house, a 23 per cent increase in unit sales and an 18 per cent increase in vacant land sales. acant land sales declined 19 per cent during the week.Read more

The Perth market recovery is tracking at an average growth rate of 0.9 per cent per month, which is almost double the average growth rate recorded during the 2011-14 growth cycle of 0.5 per cent. REIWA President Damian Collins said Perth’s last growth cycle lasted 30 months and resulted in 15 per cent price growth.Read more

Sales activity increased two per cent in Perth last week, with REIWA members reporting 869 transactions. This increase can be attributed to a four per cent increase in house and unit sales. Vacant land sales declined 19 per cent during the week. Properties for sale There were 8,511 properties for sale in Perth at the end of last week,Read more

First home buyers are driving the Western Australian market recovery, with data released from the WA Government revealing a near record $6 million dollars in Home Buyers Assistance Account (HBAA) grants was paid out last financial year. REIWA President Damian Collins said it was very pleasing to see that the WA Government had helped moreRead more

Sales activity increased three per cent in Perth last week, with REIWA members reporting 860 transactions. This increase can be attributed to a four per cent increase in house sales and an eight per cent rise in vacant land sales. Unit sales declined four per cent during the week. Properties for sale There were 8,459 properties for saleRead more

Sales activity decreased 11 per cent in Perth last week, with REIWA members reporting 841 transactions. This decrease can be attributed to a 10 per cent fall in house sales, an eight per cent fall in unit sales, and an 18 per cent fall in vacant land sales over the week. Properties for sale There were 8,363 propertiesRead more

First home buyers are driving the Western Australian market recovery, with data released from the WA Government revealing a near record $6 million dollars in Home Buyers Assistance Account (HBAA) grants was paid out last financial year. REIWA President Damian Collins said it was very pleasing to see that the WA Government had helped moreRead more

Perth’s wettest July in many years hasn’t dampened buyer appetite, with reiwa.com data revealing listings for sale dropped 2.3 per cent in July and are down 6.4 per cent compared to April 2021. REIWA President Damian Collins said it is pleasing that stock is being soaked up quickly, despite the very wet weather Perth hasRead more

Sales activity increased seven per cent in Perth last week, with REIWA members reporting 947 transactions. This can be attributed to seven per cent increase in house and unit sales and a 15 per cent increase in vacant land sales. Properties for sale There were 8,283 properties for sale in Perth at the end of last week, which isRead more

Sales activity increased three per cent in Perth last week, with REIWA members reporting 894 transactions. This can be attributed to 47 per cent increase in vacant land sales, while house and unit sales were unchanged over the week. Properties for sale There were 8,525 properties for sale in Perth at the end of last week, which is similarRead more

For the first time in 28 years, Perth has emerged as the most affordable city in the country to buy a house, a new report has revealed. Figures from the latest Domain House Price Report, released on Thursday, show Perth house prices have grown 12.3 per cent to $595, 823 during the year to June –Read more

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 875 transactions. This can be attributed to seven per cent increase in house sales and a 31 per cent increase in unit sales, however vacant land sales declined by 18 per cent. Properties for sale There were 8,510 properties for sale in Perth at theRead more

Whether you’re a first home buyer, upsizing, downsizing or renting, moving home is a big deal. It’s considered one of life’s most stressful events. You’ve got so much to think about when it comes to packing, moving, unpacking and settling into your new home and neighbourhood. To help you keep moving home manageable, here are our top five tips! 1. Don’t need it?Read more

Sales activity decreased 12 per cent in Perth last week, with REIWA members reporting 813 transactions. This decrease can be attributed to a three per cent fall in house sales, a 16 per cent rise in unit sales, and a 61 per cent fall in vacant land sales over the week. Properties for sale There were 8,558 propertiesRead more

Perth rents are at a six-year high and have recorded the strongest annual growth of all Australian capital cities during the June quarter, according to a new report.The city’s house rents experienced their fastest rate of growth in almost 14 years, with a 21.6 per cent annual rise to $450 per week – an $80 increaseRead more

Sales activity increased five per cent in Perth last week, with REIWA members reporting 932 transactions. This increase can be attributed to a 140 per cent rise in vacant land sales during the week, despite house and unit sales declining by three per cent and 27 per cent respectively. Properties for sale There were 8,484 properties for saleRead more

Despite the typical winter slowdown, Perth reported plenty of property hotspot activity in June. While Perth’s real estate market cooled in June, industry figures are expecting a strong selling season come spring. “Although the June price growth rate is the smallest we have experienced this year, it has still been a positive year and brings theRead more

Sales activity increased 14 per cent in Perth last week, with REIWA members reporting 882 transactions. This increase can be attributed to a 16 per cent rise in house sales, a five per cent rise in unit sales and an eight per cent rise in vacant land sales. Properties for sale There were 9,026 properties for sale inRead more

Two Iwan Iwanoff architectural masterpieces and a dream beach house in Madora Bay have proven Western Australia’s most popular listings so far this year. Data compiled by realestate.com.au from January to May shows the Mid-century modern Iwanoff creation, dubbed Golovin House, attracted more clicks than any other property since January. Listed for the first time inRead more

reiwa.com settled sales data for the March 2021 quarter has revealed that 10 Perth suburbs have more than doubled their sales volumes when compared to the March 2020 quarter. REIWA President Damian Collins said the March quarter saw strong sales growth across Perth, with a 31 per cent increase when compared to the March 2020Read more

Sales activity decreased 17 per cent in Perth last week, with REIWA members reporting 783 transactions. This decrease can be attributed to a 15 per cent decline in house sales, a 14 per cent decline in unit sales and a 39 per cent decline vacant land sales. Properties for sale There were 9,016 properties for sale in Perth atRead more

Sales activity decreased two per cent in Perth last week, with REIWA members reporting 952 transactions. This decrease can be attributed to a 16 per cent decline in unit sales, however house sales increased two per cent and vacant land sales increased 13 per cent. Properties for sale There were 9,054 properties for sale in Perth at the endRead more

Investor finance in Western Australia increased 164 per cent in April 2021 compared to April 2020, according to the Australian Bureau of Statistics (ABS), which is good news for the state’s rental market. The latest ABS statistics revealed investor lending in April 2021 was $453 million, up 164 per cent from $171 million in April 2020. This is on top of the March 2021 improvement, which saw investor finance come in at $441 million,Read more

Sales activity increased seven per cent in Perth last week, with REIWA members reporting 976 transactions. This increase can be attributed to a 48 per cent increase in vacant land sales and a 22 per cent increase in land sales, however house sales declined three per cent during the week. Properties for sale There were 9,212 properties forRead more

The Perth residential sales market continued its growth trajectory for a tenth consecutive month in May, with the Core Logic Perth home value index increasing 1.1 per cent during the month. REIWA President Damian Collins said that brought Perth price growth to seven per cent for the first five months of the 2021 calendar yearRead more

Sales activity increased five per cent in Perth last week, with REIWA members reporting 922 transactions. This increase can be attributed to a five per cent increase in house sales and a 21 per cent increase in vacant land sales during the week. Unit sales volumes were unchanged. Properties for sale There were 9,118 properties for sale inRead more

THE Real Estate Institute of WA has forecast 15 per cent growth for Perth property this year but some local suburbs are on track to exceed that, jumping 10 per cent or more in just four months. Bicton experienced the strongest growth, with its median house price increasing 20 per cent to $1.14 million, followedRead more

Sales activity decreased 14 per cent in Perth last week, with REIWA members reporting 889 transactions. This decrease can be attributed to a 13 per cent decline in house sales, a 15 per cent decline in unit sales and a 26 per cent decline in vacant land sales during the week. Properties for sale There were 9,017 propertiesRead more

Twenty Perth suburbs have recorded median house sale price growth of 10 per cent or more in 2021. REIWA President Damian Collins said the Institute had forecast 15 per cent price growth in Perth by the end of the 2021 calendar year, but 20 suburbs had either met that figure or were on track toRead more

Perth house prices have now reached the highest point in just over five years and unit prices the highest in almost three years. It is clear Perth’s housing market has moved into another price cycle, now roughly one year into a recovery following a five-year downturn. Record low home loan rates, generous government incentives, improvedRead more

On Tuesday evening, Federal Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget, which revealed that Australia’s economy is forecast to grow by 4.25 per cent in 2021-22. REIA’s perspective The Real Estate Institute of Australia (REIA) said the 2021 Federal Budget confirmed a positive outlook for buyers, sellers, investors, tenants and small business. REIA President, AdrianRead more

Perth’s median house price is above $500,000 for the first time since December 2018, according to the latest reiwa.com data. REIWA President Damian Collins said reiwa.com data showed Perth’s median house sale price had increased to $508,000 during April. “The Perth property market continued its strong recovery in April. It’s a testament to the strengthRead more

Most Australian home owners understand that adding a bedroom will increase the value of their property, but by how much exactly? Cathy Morrissey, known as The Reno Chick, says while a combination of factors ultimately determines the value of a property, adding a bedroom to a house generally adds more to the potential sale price.Read more

In these days of physically attending the workplace only part of the week, a great home office can add as much as 10 per cent to the value of a property. And the larger, more comfortable and luxurious the space, the greater the number of potential buyers will be attracted – and the higher theRead more

If you’re a cooking enthusiast or fancy yourself a bit of an at-home chef, then you’ve probably dropped some serious coin on expensive supermarket herbs in the past. With social distancing in place due to Coronavirus, now is a great time to be thinking about putting in some tasty and nutritious herbs. Not only willRead more

From Guildford’s first watering hole to a school house and now a private residence, this property presents more than a significant slice of local history. Originally built in 1831, the charming property was converted to a hotel before being replaced with the current two-storey Georgian gem in 1853 – curated from handmade bricks, hand-sawn floorboards and blacksmithRead more

Unit sales increased 58 per cent in Perth in the March 2021 quarter compared to the March 2020 quarter. REIWA President Damian Collins said early reiwa.com data for the March 2021 quarter showed growth in unit sales had exceeded growth in house sales over the last year, with house sales up 35 per cent duringRead more

Property managers expect the end of Western Australia’s coronavirus eviction moratorium will help ease the drastic shortage of rental properties as investors return to the market. WA’s year-long rental moratorium on evictions and rent increases ended on Sunday, allowing landlords to raise prices and evict tenants. The WA government introduced a six-month rental moratorium inRead more

The median time to sell a property in Perth in March was 17 days, the lowest it has been since 2006. REIWA President Damian Collins said properties in Perth were selling the quickest they had in 15 years and 26 days faster than they were in March 2020. “The turnaround we are witnessing in theRead more

After a number of years of residential investors sitting on their hands and a consequential rental shortage, there is much to anticipate as we approach the end of the rental moratorium on 28 March 2021. There is strong demand for rental properties, and this combined with record low interest rates and expected gross yield growth creates theRead more

Recently, we have been spending far more time at home, so it makes sense that people are putting more effort into building a house that is sustainable and eco-friendly. Not only is it good for personal well-being, but reducing your property’s environmental footprint is also a fantastic investment as it reduces living costs and adds value to your property. If you have plans toRead more

REIWA calls for more to be done to address the housing issues facing the state. “WA is facing housing supply issues in the sales and rental sectors simultaneously and these problems will only worsen without long term policy initiatives to address barriers to entering the housing market,” Mr Collins, REIWA President, said. It’s time forRead more

Sales activity increased 10 per cent in Perth last week, with REIWA members reporting 1,020 transactions. This increase can be attributed to a 13 per cent increase in house sales and a 17 per cent increase in unit sales. However, there was a 16 per cent decline in vacant land sales. Properties For Sale There were 8,135 propertiesRead more

When it comes to moving house, most of us just want to get the job done. However, there are a few easy tweaks you can make to ensure the process goes smoothly for everyone. Be sure to consider the below points before your moving day so you can leave as little impact on the environmentRead more

When it comes to selling a property, there are many tricks of the trade you can employ to improve your sale price. From a lick of paint to simply mowing the lawn, find out which focus-areas and tasks will have the biggest impact for the lowest cost and understand what it is people are really looking for.Read more

Building a new home in Western Australia has never been more popular, with applications for government incentives reaching new highs while placing pressure on builders to construct homes within the required timeframes. In December, demand for the First Home Owners’ Grant was up 260 per cent, with more than 1600 applications received for the $10,000Read more

Western Australia remains the most affordable state in the country despite affordability declining overall, according to the latest results from the Real Estate Institute of Australia’s (REIA) December 2020 quarter Housing Affordability Report. The report found although the proportion of income needed to meet loan repayments had increased in WA from 23.9 per cent to 24.8 per cent in the three months to DecemberRead more

Investment of any nature is never an exact science and the property market is no exception. Interest rate changes, fluctuations in supply and demand, emotional decision-making, and broader economic shocks all conspire to make things a lot harder. However, there are still some tactics property investors can use when seeking the best possible value fromRead more

Some of us work best with a deadline, but it can be hard to know the right time to buy or even when the right property will come along.  Whether you’re looking and can’t seem to find the right place or you keep getting out-bid, there are a number of reasons our desire to buyRead more

Sales activity increased seven per cent in Perth last week, with REIWA members reporting 843 transactions. This increase can be attributed to a four per cent increase in house sales and a 31 per cent increase in unit sales. However, there was an eight per cent decline in vacant land sales over the week. Properties for saleRead more

In a survey conducted by REIWA, 90 per cent of respondents considered stamp duty to be a significant barrier to home ownership, which is why the Institute is calling for every political candidate to commit to a two-stream revenue collection method for stamp duty. Under a two-steam revenue collection method, home buyers would have theRead more

It’s a pet that never needs to be walked and will survive purely on your food scraps. Already a head start on many other pets! Additionally, these little fellas will boost your plants’ growth while helping to reduce your carbon footprint at the same time. There comes a time when families grow to love theirRead more

Brick House… bought to you by a family calling themselves Curators of Form. State of Kin is not only the cool name of a Perth architectural practice. It’s also a statement of fact about most of the personnel in the collective of architects, interior designers, builders and site managers who manufacture all sorts of coolRead more

Property analysts say Western Australia’s snap five-day lockdown is likely to have little impact on the state’s recovering real estate market with Perth showing impressive results unseen since 2013. On Sunday, WA Premier Mark McGowan announced a hard lockdown for the Perth metropolitan area and Peel and South-West regions until Friday after a hotel quarantineRead more

CoreLogic data revealed that Perth’s home value index lifted 1.6 per cent in January and 3.8 per cent compared to three months ago, currently making it the fastest growing major market in Australia. REIWA President Damian Collins said reiwa.com data supported these findings, with Perth’s median house price increasing to $490,000 in January. Residential sales market “The improvement experienced in the latter half of 2020 has continued into 2021, which is pleasing to see. With the pandemic continuingRead more

Sales activity increased 13 per cent in Perth last week, with REIWA members reporting 856 transactions. This increase can be attributed to a 15 per cent rise in house sales, 24 per cent rise in unit sales and 15 per cent fall in vacant land sales over the week. Properties for sale There were 8,310 properties for saleRead more

As we enter 2021 with high hopes, there are many positive signs for the Western Australian property market. Understandably, we cannot forget that there is still a global pandemic which hit us hard last year, and our economy is still dealing with what were and still are challenging times. For our property market, 2020 was a year where improvement occurred significantly in theRead more

Sales activity increased 10 per cent in Perth last week, with REIWA members reporting 763 transactions. This increase can be attributed to a nine per cent rise in house sales, 17 per cent rise in unit sales and nine per cent rise in vacant land sales over the week. Properties for sale There were 8,312 properties for saleRead more

With the WA Election fast approaching, REIWA is calling on all candidates contesting the election to commit to policy reforms that deliver a fair, sustainable and prosperous property market. REIWA President Damian Collins said throughout the COVID-19 pandemic, the WA property market has proven resilient and has been a key driver for the state’s economy.Read more

Sales activity increased 201 per cent in Perth last week, with REIWA members reporting 699 transactions. This increase can be attributed to a 181 per cent rise in house sales, 318 per cent rise in unit sales and 211 per cent rise in vacant land sales over the week. Properties For Sale There were 8,263 properties for saleRead more

Relief is here for those property owners who helped tenants out whilst they were struggling financially due to the COVID-19 pandemic by agreeing to reduce, defer or waive rent during the emergency period. An extension to the current rent relief scheme, tenants will now be able to pay their rent debt direct to property owners when the emergency tenancy lawsRead more

The year 2020 has been an uncertain time for the Australian property market. Despite predictions of large price falls early in the coronavirus recession, the property sector has come through the crisis in remarkably good shape. Property prices increased across the country during the pandemic and while supply is still low in most capital cities, buyerRead more

December sales activity saw 3,067 transactions for the month which is an increase of 42.5 per cent when compared to the same time the year prior. Perth Residential Sales Market REIWA President Damian Collins said traditionally December experiences a reduction in the number of house sales due to buyers going away for the festive period,Read more

The City of Vincent will limit car movement through North Perth Common as part of a 12-month trial aimed at reducing the amount of traffic in the community space. Early next year, a median strip on Fitzgerald Street will be closed to stop cars from making right turns into View Street from Fitzgerald Street and out ofRead more

Sales activity increased five per cent in Perth last week, with REIWA members reporting 969 transactions. This increase can be attributed to a four per cent rise in house sales, 31 per cent rise in unit sales and 21 per cent fall in vacant land sales over the week. Properties for sale There were 9,167 properties for saleRead more

Reiwa.com data has revealed that Perth’s residential vacancy rate has continued to fall in November, hitting 0.8 per cent and reaching the lowest levels REIWA has seen over the past 40 years, with the previous low of 0.8 per cent reached in 2007. REIWA President Damian Collins said this is the 25th consecutive month inRead more

You may have heard that the rental market across Western Australia has been under pressure due to the lack of supply in recent months. In November this was no different, with reiwa.com data revealing there were only 2,889 properties available for rent on reiwa.com which is 52 per cent less than November 2019 – makingRead more

Real estate agents in Western Australia are viewed as the most ethical in the nation according to the Governance Institute of Australia’s Ethical Index 2020 survey, a measure which has increased from 36 to 44 per cent when compared to 2019. Only one other state saw an increase in score compared to 2019, which was Victoria with a three per cent increase. The Index, whichRead more

Since the COVID-19 outbreak, Western Australia has experienced one of the strongest real estate markets out of all the states and territories, with sales price growth expected in the next 12 months. Thanks to the low interest rates, many are choosing to purchase their next home, which has contributed to this. However, there are those who would appreciate the chance to upsize or downsizeRead more

Reiwa.com data has revealed properties for sale are in strong demand, with properties sold in November taking a median of only 22 days to sell, which is 17 days less than November 2019, making it the fastest time properties have sold since September 2006. Perth residential sales market REIWA President Damian Collins said the residentialRead more

Solar panels are a popular way to reduce your household expenses, but can they even add to the value of your house when it comes time to sell? Whether you’re moving to a house with solar or considering installing solar to increase your sale price, here are some basic things you should know about it. What doesRead more

The Perth property market continued to show positive signs in both the rental and sales market during the September 2020 quarter. From a sales perspective, the median house sale price, sales volumes and listings for sale all recorded an increase. Perth’s sale market Median sale price Perth’s median house sale price rose 0.3 per cent to $477,000 in the September quarter, while the median unit price fell 1.1 per cent to $370,000. reiwa.com analysis shows 58 per cent ofRead more

During October, Perth sales activity experienced growth with a 2.7 per cent increase when compared to October 2019. Top suburbs for sales activity growth According to reiwa.com data, Yanchep showed the largest increase in sales activity growth with a 133 per cent increase and the majority of the sales that occurred were land sales. This was closely followed by East Victoria Park with aRead more

A cosy urban garden is a challenge, but a rewarding one to get right! Access, pets, play areas, solar limitations and the extra work-from-home usage for our garden spaces are all fair but sometimes contradicting considerations. If you’re thinking about training vines, greening walls or making shade with edible or ornamental plants here are aRead more

Perth’s residential housing market has experienced growth in October, with CoreLogic’s Home Value Index increasing 0.6 per cent when compared to September and 0.9 per cent over the quarter.  REIWA President Damian Collins said in late 2019, REIWA believed that the new year would see increased market activity and despite the COVID-19 pandemic, the Western Australian property market certainly has seen this. Sales volume “When comparing October 2020 reiwa.com data to OctoberRead more

Congratulations on your first big move! Moving home is one of life’s most stressful undertakings. Whether you’re renting or you’ve just bought your first home, here are some basic things that you should know so you can get organised before your moving day. Make a checklist The best way to ensure a smooth move and put your mind at rest is to make a plan and back itRead more

A plan to create another 2600 social and affordable houses across Western Australia by 2030 will not only provide shelter and security for the state’s most vulnerable but boost rental stock, lifting the burden on WA’s rental market.  WA Housing Minister Peter Tinley said the WA Housing Strategy 2020-2030 would connect the not-for-profit housing sectorRead more

According to the latest reiwa.com data, houses in Perth are selling 27 days faster in September compared to one year ago, taking a median of 28 days to sell rather than 55 days. REIWA President Damian Collins said it is pleasing to see the established market doing well. “While the data shows we are seeingRead more

Talking Property Podcast With the real estate industry covering a range of different facets, it can be hard to keep informed about every aspect across both the residential and commercial sales and rental market. This is where the reiwa.com sponsored Talking Property podcast can assist in keeping you up-to-date with the latest discussions within the industry. HostedRead more

Aussie expats and interstate buyers are casting their gaze across the other side of the country to Western Australia, driving demand for real estate in Perth and other regions amid the coronavirus pandemic. Top-quality homes are being snapped up after their first open for inspection, agents report, as locals and those looking to return homeRead more

Perth home prices are predicted to rise by 18 per cent over 2021 to 2023, fuelled by record low interest rates and freely available credit, according to Westpac economists after they revised their previously more bearish outlook. Brisbane house prices are expected to surge 20 per cent over the two years, while Sydney prices could climbRead more

Horticulturalist-artist-architect couple Britta and Michael Sorensen have long lived by their passion for eco-friendly, sustainable living – both personally and professionally. So, when they embarked on their private build at 126 Ashton Street in Margaret River, they embraced it as an opportunity to pay homage to the environment by creating a model of contemporary, sustainable architecture that stepsRead more

The latest Real Estate Institute of Australia’s Housing Affordability Report has revealed that Western Australia is once again the most affordable state to buy and rent in, improving 0.7 per cent compared to the June 2019 quarter.  REIWA President Damian Collins said strong demand in the rental and sales market meant affordability was likely at the bestRead more

In August, reiwa.com data shows it took a median of 21 days to lease a property in Greater Perth which is 13 days less than the same time last year – making it the quickest time to lease since the construction phase of the last mining boom in February 2015. Perth rental market REIWA PresidentRead more

It’s Wildflower Season in Perth! From September to November 12,000 species of wildflowers blossom in Perth every year – the world’s largest collection! Take a look at our recommendations below for the best sights in and around Perth to experience the beauty of wildflowers. 1. Kings Park Located in the heart of Perth’s CBD, KingsRead more

One of Perth’s most iconic homes, built by high-profile businessman Alan Bond and his wife Eileen, has sold for $27.5 million, in what could set a property sales record for Perth this year. The spectacular riverfront mansion at 89 Watkins Road in Dalkeith is believed to have been purchased by former bodybuilder Danny Pavlovich and his wife Suzie. MrRead more

Recently you may have seen that Perth’s luxury market has weathered the COVID-19 storm, with various real estate agencies reporting that their multi-million-dollar listings are attracting high interest and sales. This is great news; however we are also seeing sales activity growth in the more affordable end of the market, with eight of the top 10 suburbs, having a median house sale price under Perth’s currentRead more

Australia’s one-armed robot bricklayer could transform the residential construction sector as we know it after building its first display home in less than four days.  Described by its Perth-based creator, Fastbrick Robotics (FBR), as a “world first”, the Hadrian X is a robotic arm that mounts onto a truck, barge or crane. It is capableRead more

  Sales activity increased 44 per cent in Perth this week, with REIWA members reporting 844 transactions. This increase can be attributed to a 25.6 per cent rise in house sales, 29.4 per cent rise in unit sales and 108 per cent rise in vacant land sales over the week. Properties for sale There were 11,126 properties for sale inRead more

Sales activity decreased one per cent in Perth this week, with REIWA members reporting 511 transactions. This decrease can be attributed to a 6.6 per cent decrease  in house sales, 60.3 per cent increase in unit sales and 18.5 per cent decrease in vacant land sales over the week. Properties for sale There were 11,603 properties for sale inRead more