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...
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...
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...
The latest REIWA research shows the median house price for the Perth metropolitan area was $475,000 as at the June quarter 2020, down from $480,000 at the March quarter 2020. Sales however showed a strong lift over previous lack lustre numbers, total property listings...
Angie Zigomanis said uncertainty around the government support programs and the shutdown of international borders is affecting the residential property market. The main short-term impact on residential property is people don’t know where they’re going to be in 12...
What next for Australian Property Markets as the COVID-19 pandemic continues? Following on from commentary earlier this year, the Australian Property Institute asked some of Australia’s most experienced commentators to update their predictions for the property market,...
