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…

There were 63 Perth suburbs that recorded their highest ever individual residential sale price during 2021.   REIWA President Damian Collins said strong market conditions had resulted in a substantial number of suburbs achieving their highest individual residential sale price on record last year.  “2021 was a buoyant year for the Perth property market, with low…

Western Australia’s property market could undergo a mini property boom when borders, closed for almost two years by the coronavirus pandemic, finally reopen on February 5. Even though the state has been nicknamed ‘Fortress WA’, interstate property prospectors have not been put off. Agents say buyers are already making appointments to inspect properties in Perth,…

The capacity to subdivide your property is mainly based on the zoning and size of your lot. Each residential area has a residential density code that is shown on the city’s Town Planning Scheme Map. The density code has an “R” and then a number value – for example, R20, R40 or R60. The numerical…

Woodlands is Perth’s top performing suburb for price growth in 2021, with its median house sale price having increased 35 per cent to $1.23 million last year.  Shenton Park was second with 32.1 per cent price growth, followed by Hillman with 29.1 per cent price growth.  REIWA President Damian Collins said whilst the overall Perth…