News Articles for Damian Collins

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

Construction costs for Momentum Wealth's proposed six-storey apartment block in Shenton Park have gone up by millions of dollars, nearly 40 per cent up from its initial estimate.

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.

A spat between coastal residents and the decision-making body which approved the Yelo site development has escalated to the Supreme Court, with a trial planned in May.

The property fund manager purchased the 23,177 square metre site from Perron Group, with the property leased to a Wesfarmers subsidiary.

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

Westbridge Funds Management has added a 55,723 square metre site in Welshpool to its portfolio, acquiring the industrial asset for $37 million.

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

Perth home values lifted 0.6 per cent in the first month of 2022, marking the highest monthly increase since May last year to take the average median house price to $531,243.

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.

Our weekly appointments wrap includes Anthea McKinnell, Ryan Taaffe, Matthew Howard, Valerie French, Clare Thompson, Adam Levine, Kellie Properjohn, Hayden Groves, Damian Collins, Pauline White, Emma Jack, Prue Campbell, Gemma McGrath and Susan Downes.

Westbridge Funds Management has bought an apartment block in South Hedland for $12.5 million from Acier Pty Ltd.

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.

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.

Local property funds are casting their investment nets wide, as they seek to navigate increased competition for traditional assets.

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.

A $4.75 million plan to build a four-storey development at the site of popular northern beaches cafe Yelo will be considered for a third time, but without the cafe.

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.

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.

While Western Australia has recorded solid growth in residential property values in recent months, it's still yet to catch up to its east coast counterparts.

Perth unit sales during the March 2021 quarter reached the highest volume recorded since 2013, according to the latest data from the Real Estate Institute of Western Australia.

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.

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.

A long-running dispute over a four-storey development at the site of popular northern beaches cafe Yelo appears to have been brought to an end today after the proposal was refused.

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

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