News

Recent headlines are dominated by rising interest rates, and the start of a downswing in dwelling values particularly across the lower east coast of Australia. But the latest CoreLogic Home Value Index shows Perth dwelling values at a new record high, after almost eight years of decline and recovery. Recent headlines are dominated by rising…

Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010 The Reserve Bank of Australia has lifted the official cash rate for the first time in more than 11 years in its first intervention in a federal election since John Howard lost office in late 2007. The central bank lifted its cash…

In its 2022-23 pre-budget submission, REIWA has called on the Western Australian Government to lift the First Home Owner Rate (FHOR) duty-free threshold from $430,000 to $530,000, with the concessional rate threshold lifted accordingly. WA is the second most affordable place in the country for housing and has the highest proportion of first home buyers…

Homes for Homes will open a new grant funding round for social and affordable housing projects, with up to $160,000 available for the first time across New South Wales and Western Australia. Up to $80,000 will be available in both states. Homes for Homes provides a way for the entire community to help solve the…

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 housing…

Despite the labor and supply chain challenges, construction firms projected growing demand for commercial projects and public works. As expected, experts have agreed that the costs of most construction materials will likely increase or remain the same this year. We’ve rounded up the top supply chain issues that may affect the cost of your upcoming construction…

The global pandemic has catalysed remarkable shifts in the Australian housing market. From the temporary shutdown of cities, to an unprecedented monetary policy strategy, a new-found popularity of regional and low-density housing preferences and the introduction of various government home buying incentives, the COVID-period has had distinct impacts on the composition of buyers and the…

The pros and cons of investing in the Australian residential property market and your options for building an investment portfolio using property. Unlike buying a home to live in, an investment property is usually bought with the goal of making money. Investing in property is a popular way to invest money in Australia, but before…

Surging home values caused by a global environment of low interest rates, tight supply and strong buyer demand may have widened the wealth gap between those that own housing, and those that don’t, amplifying the need to understand trends around women and home ownership. CoreLogic’s 2022 Women & Property report for Australia and New Zealand, released…

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 for…