Property prices and rents continued to rise in January

Property prices and rents continued to rise in January

Both median house and unit sale prices rose in January. Houses recorded a median sale price of $600,000, up 1.7 per cent on the $590,000 reported for December and 9.9 per cent higher than January 2023. The median unit sale price increased 0.5 per cent over the month...
WA Buyers Should Have Stamp Duty Choice

WA Buyers Should Have Stamp Duty Choice

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....
Perth Market Snapshot – week ending 14 February 2021

Perth Market Snapshot – week ending 14 February 2021

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...
Median House Prices Up Regional WA

Median House Prices Up Regional WA

Seven of the nine centres in regional WA experienced median house price growth during the December 2020 quarter. REIWA President Damian Collins said not only were prices up compared to the September 2020 quarter, but reiwa.com data shows eight centres experienced...
Perth City Unleash Transformation

Perth City Unleash Transformation

The Federal and State Government along with the City of Perth are currently unveiling the eleven transformative projects and initiatives included in the Perth City Deal. The agreement, worth $1.5 billion, has been a longstanding Property Council advocacy priority and...
Challenges pre- and post-COVID Village valuations hit

Challenges pre- and post-COVID Village valuations hit

Australia’s largest retirement village operator had its portfolio of 72 villages marked down by valuers by 6% (approximately $84M) in response to COVID. Resales across their 12,858 village homes were up 3.8%, from 842 to 874 units in the 12 months, but this was...