News Articles for REA Group

New data on property prices has shown the highest growth since September last year.

Perth's house values continued to rise last month with the trend linked to the Reserve Bank's recent rate cuts.

The latest house price data shows that values in WA's capital grew at a faster rate than other states last month.

The latest data from CoreLogic shows that Perth's growth has been the fastest nationally in the past five years, but has slowed more recently.

The city has continued to rise at a faster rate than any other capital, with a 2 per cent increase in CoreLogic's index to a $773,335 median.

Perth's rental vacancy rates have risen to 1.25 per cent, yet rental conditions remain exceptionally tight.

The state's house prices continue to grow at a faster rate than other jurisdictions, with another 2 per cent jump last month and 22 per cent rise in the 12 months to May 31.

The state is expected to record a 27 per cent uptick in home starts next financial year, but this won't align with the population's needs.

The city's rental vacancy rate has risen above 1 per cent for the first time in almost three years, Proptrack says.

The city's median house price has reached another record high, with 2 per cent growth in April to $721,278.

The city's rental vacancy rate has hit a new record of 0.4 per cent, while rental prices are growing at the fastest rate in Australia

Home prices in Perth have risen more than 50 per cent since the COVID-19 pandemic began, according to recent PropTrack data.

The capital continues to outpace the rest of Australia, posting a 1.8 per cent increase in home values in February and an 18 per cent rise in the past 12 months.

CoreLogic has singled out Perth as a strong performer in the housing market, as it clocks up another rise in its home values.

Perth remains one of the tightest rental markets in Australia, with its vacancy rate sitting below 0.75 per cent.

The average rental property is up $100 a week compared to 12 months ago and 66 per cent since before the pandemic.

Home values in the capital rose by 15.2 per cent in 2023, outpacing the national growth of 8.1 per cent.

Experts say the state's house price growth should continue to outpace the nation in 2024.

The Western Australian capital recorded the strongest house price growth in the nation in November, with its largest increase in two and a half years

The city's home values rose by 1.6 per cent in October, the largest increase nationally and Perth's largest monthly increase in more than two years.

The city's home value index has grown by 0.9 per cent, exceeding national growth of 0.8 per cent in August.

The capital city outpaced national home price growth to hit a new high in median value.

Perth's home value index has risen for the fourth consecutive month driven by an undersupply of new listings and record fast sales.

Satterley Property Group planning director Megan Adair has hit out at the government's approach at an industry lunch.

Recent data from Proptrack shows the availability of residential vacancies has lifted by 0.01 per cent in month to May 31.

The city could see continued house price growth throughout 2023, a new report has found.

The Reserve Bank of Australia has lifted the nation’s official cash rate to 4.1 per cent – a 25 basis point jump which takes it above four per cent for the first time since April 2012.

Perth was the only Australian city to show positive annual growth, with a 2 per cent increase in the last 12 months to a record $580,023.

Perth home values continue to rise in the past month with the median house price recorded as more than $570,000, according to recent reports by property groups.

PropTrack data shows Perth's rental vacancy increased by 0.05 percentage points in March, however REIWA figures show the rate as unchanged.

Perth home values have risen in the past month, although property groups CoreLogic and PropTrack have released different findings in their March reports.

The median dwelling value of every capital city in Australia fell during the first month of 2023, however Perth held its own with one of the smallest declines.

Another residential research report has predicted challenging rental market conditions in Perth with low supply and listings recorded in the recent quarter.

Perth was the only Australian capital to show a lift in its home value index in December, with a $902 uptick in its median dwelling value.

CoreLogic's latest home value index shows a 0 per cent change for Perth, with a slight increase to its median dwelling price.

WA's regional housing market has remained buoyant throughout COVID, with a 7.21 per cent year-on-year increase.

The city's median home value dipped the least of all the states in October, at 1 per cent less than the national drop.

Rental stock is at the lowest level in almost two decades as strong demand drives a price surge, according to a recent property report from REA Group.

Home values in Perth have decreased for the first time in 10 months, as CoreLogic's home index dips by 0.2 per cent.

Profits at Rupert Murdoch's publishing and media giant, News Corp, topped $A1 billion for the 2021/22 financial year.