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The housing market has been gaining strength in the last few years — particularly during the COVID-19 pandemic. Home values soared, buyer demand jumped, and mortgage rates hit historic lows. And ultimately, it’s made housing one of the few bright spots during an otherwise difficult time. But the housing market is always in flux, and real…

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.  Unit price growth is outperforming house price growth in 19 Perth suburbs, with Joondalup, Maylands and Rockingham the top three suburbs where unit price…

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 pushed…

Stamp duty has become the antiquated blight of the Australian housing sector as prices soar and governments continue to penalise home buyers with higher taxes which is leading to a reduced number of properties on the market. Real Estate Institute of Australia (REIA) and SQM Research have released a market analysis titled Stamp duty: The relationship…

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 per…

Perth Market Snapshot for the week ending 12 September 2021 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. …

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 is…

The head of the Reserve Bank of Australia has predicted the surge in property prices will come to an end, but does not expect the latest wave of COVID lockdowns will push the economy into another recession. RBA governor Philip Lowe has made it clear the central bank’s board still plans to keep the cash…

A growing divide between homeowners and renters has emerged in Western Australia, with a new report revealing the disparity in housing affordability has widened since COVID-19. The recent Bankwest Curtin Economics Centre’s Housing Affordability in WA: A tale of two tenures report shows while property owners are more comfortable than they have been in some years,…

A plush East Perth penthouse on the market for an eye-watering $20 million could become the city’s most expensive apartment if it fetches the lofty sum. With a rooftop swimming pool, private cinema, temperature-controlled wine cellar and gymnasium, the tower-topping treat at 5/11 Brown Street is the crème de la crème of high-rise living. “It’s absolutely…