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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....

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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...

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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...

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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...

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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...

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Rental properties leasing two weeks faster in August

Rental properties leasing two weeks faster in August

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...

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Perth Area – Residential Market Focus

Perth Area – Residential Market Focus

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...

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Australian Residential Property Markets

Australian Residential Property Markets

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...

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Australian Property Market Predictions

Australian Property Market Predictions

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,...

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