Demand for residential real estate in Perth is moderating, with the second set of figures released in a week suggesting price growth could have peaked for the time being.
Sales have slumped in Perth's residential market, but the median home value has held firm, according to the latest analysis from the Real Estate Institute of WA.
Developers are still rolling out significant new apartment projects across the metropolitan area, despite statistics showing multi-unit dwelling sales decreasing steadily as more supply comes to market.
Real Estate Institute of Western Australia president David Airey says local government authorities have lost sight of the big picture in planning and approvals reform, and amalgamation of councils will only exacerbate the issues.
Perth's residential market is being dominated by house and land packages and apartments, leaving a gaping hole of medium-density housing despite public calls for more dwellings of that type, accord
Perth home sales are down 5 per cent on the same time last year with investors and first home buyers showing weaker interest, according to new data from the Real Estate Institute of WA.
Western Australia's leading property industry groups have warned the government not to abolish its Keystart shared equity home loan scheme, arguing it could push thousands of low-income earners into public housing.
The government appears to have reacted to pre-budget industry fears by declaring only modest cuts to new housing market entrants' stamp duty concessions, however it still earned the wrath of some industry players.
Perth's median house price may have peaked in the March quarter, as listings rise and sales fall, according to data released by the Real Estate Institute of Western Australia.
Armadale, Cockburn, Joondalup, Mandurah, Perth CBD and Woodlands have been tipped to be the metropolitan area's top suburbs for price growth during the next 12 months.
Perth's residential property market has come off the boil, with the Real Estate Institute of WA reporting patchy sales in the March quarter, while property analysts RP Data-Rismark said the city's
New home sales in Western Australia increased by 11 per cent in 2013 but housing experts say construction levels still haven't caught up with pent-up demand.
Finbar Group is on the lookout for new opportunities in the Pilbara, despite selling less than half the apartments in its most recent project in Karratha.
David Airey has been re-elected for a second term as president of the Real Estate Institute of Western Australia, while Dethridge Groves Real Estate owner Hayden Groves has been appointed as his ne
One of Western Australia's largest builders says the delayed increase to the first home owner grant is unfair on buyers waiting to sign contracts, while the Real Estate Institute of Western Austral
Western Australia's residential property market is set for further growth in the year ahead but commercial construction is expected to soften, industry experts say.
Perth house prices have been confirmed as the fastest rising in Australia despite the widespread slowdown across the state's resources sector, according to official figures released by the Australi
Business News for Western Australia. Thursday August 1. Shanna Crispin reports. Office vacancy rate increases. Perth house prices take a slight fall. Strike Energy raises $9.2 million and more.
Two property groups – Real Estate Institute of Western Australia and RP Data, working with Rismark International – have produced widely different estimates about housing prices in Perth.
Two reports on Perth's residential rental market have provided contrasting viewpoints, with an eastern states based analyst saying the market is historically tight, while the Real Estate Institute
Residential property owners and real estate agents will no longer be able to charge prospective tenants up to a week's rent to apply for a lease, under new laws introduced by the state government t
The housing construction industry in Western Australia hit decade-low activity levels last financial year, yet there is uncertainty about whether the traditional bounce will occur.
AFTER years of dabbling with its own online real estate offers, The West Australian newspaper has reached an agreement with the Real Estate Institute of Western Australia to use its popular search
Residential developments in Western Australia have taken out three of nine categories at the Urban Development Institute of Australia's national awards, while WA real estate agents have scooped four national awards for excellence.
