News Articles for Real Estate Institute of Western Australia

Western Australian house and rental prices are expected to continue rising with properties selling at their fastest since 1998, new data has shown.

Listings for Perth property has hit a record low with numbers dwindling amid sky-high demand, a buyer's agent claims.

In this podcast Mark Beyer and Mark Pownall discuss Scyne Advisory, Aravina Estate, Primero and Wood wins, Centurion expands, house prices, interest rates, Hancock, Arbor Centre, architects and corporate finance.

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

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.

A Property Council study into transit-oriented housing has identified Bayswater as the only Metronet station precinct ripe for development, with an emphasis on high-value areas.

The state government has flagged reforms to tenancy laws in a bid to balance the rights between tenants and landlords, including banning rent bidding and allowing pets.

Perth's mortgage delinquency rates have more than tripled for new homeowners this year and rents have risen by 13 per cent, the highest of all the capital cities.

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.

Property groups say the Federal Government's changes to managed investment trust taxes will encourage more build-to-rent developments.

A purpose-built accommodation block has been hit with delays, providing no relief to the already tight market for student housing.

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

Pressure is building on businesses to justify retaining personal data as consumer awareness of cyber security builds in the aftermath of the Optus, Medibank and Latitude hacks.

Jordan Murray and Matt Mckenzie discuss the Kids Future Fund, cashless gaming, the GST wars, and what WA can learn from the NSW state election.

Western Australia's housing affordability has dropped marginally while remaining among the most affordable states or territories to buy and rent.

Mark Pownall and Mark Beyer discuss BGC, CoreLogic, Real Estate Institute of WA, Silverleaf Investments, MTi Group, BDO, ASIC and changes to superannuation.

Developers will face even fewer hurdles when seeking approval for multi-million dollar builds as a result of the state government's latest overhaul of planning laws.

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

Perth's rental prices grew by 11 per cent in 2022, reflecting the trend across the country, but rental growth and residential listings slowed in the December 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.

An increase to the Keystart price limits to home values of $560,000 has been welcomed by industry.

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

A 13-hectare piece of land has been earmarked for a $64 million development to tackle the housing crisis in Broome, with the shire seeking $15 million from the state government.

The state government's efforts to regulate holiday homes drag on while councils take matters into their own hands.

Dunsborough real estate agent Joe White will head up the organisation, after Damian Collins' exit.

Perth has one of the lowest rental vacancy rates in the country with 0.6 per cent compared to a 1.1 per cent rate nationally.

Perth's median house price has dropped for the first time in at least a year, CoreLogic data shows.

Western Australia was the only state to record house price growth expectations in a recent Property Council report.

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

Investment in residential property as a rental asset has fallen away in recent years, with concerns that trend will continue.

Industry leaders are forecasting a return to equilibrium for WA, as population growth continues and the pipeline of supply gets built out.

Median house prices in nearly a dozen Perth suburbs have hit the $1 million mark for the first time ever during the 2021/22 financial year.

The state continues to defy national trends and set new house price records, with median home values lifting 0.2 per cent as national prices track south.

Rental demand in Perth continue to rise but with vacancy rates plummeting, experts say more investors are needed to increase supply.

Perth's median home values defied the national trend to increase by 0.4 per cent to $558,000 in June.

The building giant has stopped making new sales from its Commodore Homes brand while demand exceeds supply.

Perth house prices have increased last month despite CoreLogic data recording the first national decline in 20 months.

Median house sale prices in most WA regional centres grew during the recent quarter, with Busselton emerging as the top performer at a 5.5 per cent increase.

Property groups welcome state government investment in housing, but say its infrastructure spend could further stifle private sector development.