News Articles for Real Estate Institute of Western Australia

Perth's median house price in April was a 24.5 per cent increase on June 2020.

Home values in the West Australian capital increased at almost twice the national rate in April.

Cath Hart reflects on her time at the Housing Industry Association of WA as she prepares for a new challenge.

The suburbs of Salter Point, Bicton and Ascot have recorded the largest median house price growth since the COVID-19 pandemic began in March 2020.

House prices in Perth have risen by one per cent in March, above the national increase of 0.7 per cent, as home values in Melbourne and Sydney dropped.

In somewhat of a circular argument, WA's skills shortage is hampering the availability of homes for the workers needed to boost housing stock.

The Bankwest Curtin Economics Centre's new ‘Behind the Line' report provides the latest examination of poverty and disadvantage in Australia and offers evidence that rising housing costs are pushing many families into serious financial hardship.

Growth in Perth's home values have slowed in February, tracking national trends.

Cath Hart is leaving her position as WA executive director at the Housing Industry Association and joining REIWA as chief executive.

REIWA data shows home sale values in 10 Perth suburbs grew by more than 28 per cent in 2021.

Perth's home values increased 0.4 per cent in December, less than half the national growth rate of 1 per cent and slowing from its August peak.

WA's strong residential property market is expected to continue, with house prices predicted to increase a further 10 per cent into 2022, Real Estate of Institute Western Australia predicts.

Perth's residential property prices grew by 0.2 per cent in November and performed the worst out of the state capitals, CoreLogic has revealed.

Real Estate Institute of WA president Damian Collins says construction prices in WA have reached their peak and will plateau into 2022, but some builders are expecting further cost rises.

Perth's residential property market is continuing to lose steam, with housing values dropping for the first time in almost 18 months.

The latest housing data has demonstrated the impact the resurgence in mining activity has had on home values across Western Australia's resource-rich regional centres.

Perth's residential property values have soared by 18 per cent in the past year, in a major revision of CoreLogic's data analysis for WA.

More than two-thirds of suburbs in the Perth metropolitan area experienced house sale price growth over the past quarter, according to the latest data from the state's peak real estate body.

Two years and 12 design iterations later, Momentum Wealth has been given the green light to build a $4.75m development at the site of northern beaches cafe Yelo.

Australia's house prices have continued to grow this month, but the market appears to be losing steam, according to the latest data from CoreLogic.

Strong mining activity has highlighted the critical housing shortages in resources-rich areas.

Australia has recorded its highest annual rate of house price growth since 2004, however Perth has continued to underperform, according to the latest data from CoreLogic.

ASX-listed Finbar Group has released some of its apartment investment stock in Karratha to the market, off the back of a strong regional property market.

Home sales volumes more than doubled in 10 Perth suburbs during the March quarter, when compared to the same period last year, according to new data.

ANALYSIS: The WA economy is the envy of the nation yet the residential property market in Perth is the weakest in the country. There appear to be two key reasons.

Western Australia is the most affordable place in the country for renters, according to the Real Estate Institute of Australia's latest report.

Perth recorded another increase in house prices during May, but failed to keep pace with the growth recorded in Australia's other major housing markets.

A local tech company has joined many others aiming to shake up the residential property sector.

The Real Estate Institute of Western Australia has revised its predictions for house price growth in 2021, forecasting a 15 per cent increase by the end of this year.

Housing Choices Australia launches in WA amid expected increase in demand for social housing.

Perth house prices rose 1.8 per cent in March, lower than almost all capitals, while selling times are the fastest since 2006, according to recent property data.

With the moratorium on rental evictions and price increases coming to an end, industry explores what's next.

Some of the state's property leaders share their predictions for the year ahead.

Perth property prices increased in February, while the number of listings of houses for sale dropped to a 10-year low.

Perth Property Research Advisory has mapped the pandemic's surprising impact on Perth property sales.

Perth's housing values increased in January, cementing the city's position as one of the country's fastest growing property markets.

The couple behind a luxury tourism company and former pro surfer Taj Burrow are among the buyers recently snapping up property in the state's south west.

Industry forecasts expect Perth's housing market to continue to perform in 2021, anticipating price gains of close to 10 per cent.

Property leaders shed some light on the residential and commercial markets' performance during 2020 and what they expect for the year ahead.

Perth's residential rental vacancy rate has hit a record low, while new home sales across the country have reached a decade high.