27 blog posts Filter

First Home Buyers are Making their Move!

March 4, 2019

Perth Property Market Property News

he Real Estate Institute of Western Australia (REIWA) data shows almost half of all property transactions were below the $500,000 mark during the month of February. REIWA President Damian Collins said while CoreLogic’s Home Value Index showed prices in Perth had declined 1.5 per cent to $438,952 in February, REIWA data shows the composition of […]

WA's top searched suburbs for sale revealed 19 February 2019

February 19, 2019

Perth Property Market Property News

reiwa.com’s latest search result data has revealed the 10 suburbs most popular with WA property seekers looking to buy in the last 12 months. REIWA President Damian Collins said nine of the 10 suburbs on the list were in the Perth region, with Denmark the only regional suburb to make the list. “Hillarys was the […]

Blue Ribbon Buying at its Best!

February 10, 2019

Perth Property Market Property News

The national property market is in freefall and while Perth fared better in 2018 than Melbourne and Sydney, median prices still dropped for a fourth year and are now down about 15 per cent from their peak. While the rate of decline is slowing, it remains anyone’s guess when the market will finally bottom out […]

REIA calls for Federal Labor to be transparent about property taxes

January 24, 2019

Perth Property Market Property News

The Real Estate Institute of Australia (REIA) has called on the Federal Labor party to announce what they plan to do about existing negative gearing and capital gains taxation arrangements if elected. The call comes following a recent announcement by the Leader of the Opposition, Bill Shorten, that there would be no decisions until after the […]

Perth vacancy rate drops below three per cent in December quarter

January 21, 2019

Perth Property Market Property News

The Perth rental market continued its recovery in the December 2018 quarter, with the vacancy rate declining to 2.8 per cent. REIWA President Damian Collins said the Perth vacancy rate was the lowest it had been in more than five years. “The last time the Perth vacancy rate was this low was in March 2013. […]

Why the first property you buy is the most important of all

January 18, 2019

Perth Property Market Property News

Buying property will undeniably be the largest and potentially, the most profitable investment you make. Your first home is what gets you on the property ladder and can either set you up for the future or hold you back from your long term dream property. For some, your first home will not be the one […]

Perth median house price up five per cent in December quarter

January 15, 2019

Perth Property Market Property News

Perth’s median house price increased 5.2 per cent to $510,000 during the December 2018 quarter. REIWA President Damian Collins said while activity in the overall Perth market had remained subdued during the final quarter of 2018, the improvement in Perth’s median house price was a good sign entering into the New Year. “While we don’t expect to […]

Perth Rental Prices Are Rising

January 9, 2019

Perth Property Market Property News

Perth house rents recorded the strongest growth in the nation during the December quarter signalling a market turnaround, a new report shows. The city’s house rents also increased annually for the first time in half a decade, adding 2.9 per cent over the year and the same amount over the quarter to $360 per week, […]

Perth median house price stabilises in December

January 2, 2019

Perth Property Market Property News

Boost to Keystart a win for WA home buyers 07 December 2018 Perth’s median house price has stabilised, with reiwa.com data showing it held at $510,000 in December. REIWA President Damian Collins said while the December median house price for the Greater Perth* area was unchanged compared to November 2018, it had increased 2.6 per […]

Boost to Keystart a win for WA home buyers

December 10, 2018

Perth Property Market Property News

REIWA welcomes the McGowan Government’s decision to extend the Keystart scheme loan amount by $421 million as a means of improving housing affordability in Western Australia. REIWA Deputy President Lisa Joyce said the boost to the scheme was a win for WA home buyers and would help more West Australians achieve the dream of home […]

Western Australia the most affordable state for housing in the country

December 7, 2018

Perth Property Market Property News

Western Australia is the most affordable state in Australia, according to a new housing affordability study. The Housing Affordability Report, produced by the Real Estate Institute of Australia and Adelaide Bank found only the Northern Territory and Australian Capital Territory were more affordable, while WA was the most affordable to rent in out of all […]

Perth median house price increases for second month in a row

November 30, 2018

Perth Property Market Property News

Perth’s median house price increased 1.6 per cent to $518,000 during November, according to reiwa.com data. REIWA President Damian Collins said this was the second month in a row Perth’s median house price had shown improvement. “Perth’s median house price has been fairly flat throughout 2018, so it’s pleasing to see two consecutive months of […]

Who's responsible?

November 14, 2018

Perth Property Market Property News

The tragic death of a 4-year-old boy at an Airbnb has exposed an insurance pitfall for those without specialist cover. While the Airbnb juggernaut seems to show no signs of slowing – in Queensland alone listings have doubled in the past 18 months with 13 per cent of all housing in the state’s key holiday […]

Have you been thinking its time to downsize?

November 8, 2018

Perth Property Market Property News

In the 2017 Federal Budget, the Australian Government announced an initiative which would allow Australians who are 65 years of age or older (and who meet the eligibility requirements), to choose to make a downsizer contribution in their superannuation of up to $300,000 from the proceeds of selling their home. The new initiative came into […]

WARNING! Double check what information you believe...

September 14, 2018

Perth Property Market Property News

Let’s be honest… The Perth market is really confusing right now. Turning on Channel 7 news or Today Tonight and all they are reporting is “the market is going down down down” and “this isn’t the worst of it yet”. However, when we take a step back and remember that Perth is a very wide […]

Que Será, Será?

August 14, 2018

Perth Property Market Property News

Aussies’ somewhat laissez-faire attitude towards home security is leaving many landlords and tenants exposed. It seems the Aussie philosophy – “she’ll be right mate” – extends to our home security. Despite a break-in happening every three seconds in Australia, a recent survey has found less than half our homes have security features fitted and even […]

PREMIUM SUBURBS LEADING THE RECOVERY

July 3, 2018

Perth Property Market Property News

Buyers have had their way for quite some time now and its becoming more obvious to buyers that there is a lack of good stock around. The Western Suburbs where we sell have gone through ups and downs it appeared to be moving, then it stopped and started again it’s been a bit of a […]

NO WAY OUT OF IT

June 28, 2018

Perth Property Market Property News

When you are a property investor you will have to pay out when you sell no doubt about it and there is now way out of it either. Presuming that your investment has gone well, you have cashed in your win and your minds racing about how you are going to spend your profit – […]

BUYING IN MOSMAN PARK

June 28, 2018

Perth Property Market Property News

Mosman Park is home to some of the most Exclusive properties in Perth. Within the Mosman Park area there are some of the most beautiful parks (plenty of them) and with views of the Indian Ocean and Swan River to the west and east. Mosman Park offers a unique ocean-side and river-side lifestyle that few […]

Average Perth home to cost $2.48 million by 2043

June 21, 2018

Perth Property Market Property News

erth property prices could reach ridiculous levels by the middle of the century if they keep growing at the same pace of the past 25 years. Projections show the median house price would be $2.48 million by 2043, up from the current $488,000. A typical unit would cost $1.7 million, up from $400,000. The Aussie […]