CoreLogic's national home value index recorded positive growth for October, with Perth's housing values up 0.6 per cent amid a tightening rental market.
Eight of Western Australia's nine regional centres recorded an increase in median house prices in the September quarter, with Karratha continuing to achieve by far the biggest gains.
Perth's residential vacancy rate continued to decline over September to 0.96 per cent – only the third time in 40 years it has fallen below 1 per cent.
Perth's housing value remained steady through September as economic conditions in Melbourne and Sydney weighed negatively on the national market, according to new CoreLogic data.
Western Australia will extend COVID-19 emergency laws preventing residential and commercial tenants from eviction, despite opposition from industry groups.
Perth's residential rental market vacancy rate has dropped to 1.6 per cent - the lowest vacancy rate since March 2008, according to the Real Estate Institute of Western Australia.
Property market analyst CoreLogic has reported that Perth's housing values dropped again in July, with both CoreLogic and AMP Capital expecting prices to continue falling amid COVID uncertainty.
Members of the property industry are calling on the government to reconsider its targeted stimulus approach to the sector, warning it could jeopardise broader recovery.
Property developers and industry groups say the state government's move to extend the stamp duty rebate is a step in the right direction, but hope further reform will remain on the agenda.
Real estate agents and new homebuilders have roundly welcomed the lifting of restrictions that shut display villages and prevented home opens, with the shift expected to help the sector rebound from record low transaction levels.
A six-month moratorium will be placed on the eviction of residential tenants and rent increases will be put on hold for the same period, under new legislation that's been described as a mixed bag by the state's top real estate industry body.
The value of Perth's houses increased 0.5 per cent in the month of March, strengthening the recovery underway for the past six months, but the onset of COVID-19 means the recent gains are unlikely to continue.
Perth's residential property market is proving resilient in the early stages of the novel coronavirus crisis, but agents are bracing for leasing and home sale transactions to grind to a halt in coming weeks.
Property industry lobby groups have called for a bipartisan approach to maintaining stamp duty rebates in the apartments sector, after a robust debate in parliament yesterday revealed the Liberal opposition as a critic of the tax cut.
Wembley has emerged as one of Perth's most in-demand suburbs, with time it takes to sell a home averaging just 39 days in 2019, the shortest period in the metropolitan area.
House prices in Perth were steady in December, with days on market reducing and listings also falling, while the rental market has continued to exhibit improved conditions for landlords.
The Real Estate Institute of Western Australia's latest data has confirmed the dire market for Perth's homeowners, but Floreat, Karrinyup and Mindarie were among the handful of suburbs to record a positive median price shift.
The Real Estate Institute of Western Australia has renewed its push to increase the stamp duty exemption threshold for first homebuyers, as part of a six-point plan it unveiled to help breathe new life into the state's weak residential construction and property markets.
Western Australia's peak property industry groups have called for the establishment of an independent body to decide how local governments manage developer contributions.
Perth house prices recorded the biggest decrease amongst state capitals for June, continuing the long-term slump, according to CoreLogic data released on the same day the state government's Keystart stimulus began.
Office Hours host Damian Stone sits down with Real Estate Institute of Western Australia president and managing director of Momentum Wealth Damian Collins to discuss Perth's residential property market, the genesis of Mr Collins' buyers agency and property syndicator and the potential ramifications of regulatory changes in the industry.
Apartments developer Momentum Wealth will work closely with the Trigg community to shape the design of its boutique project at the Yelo Café site on West Coast Highway, with retention of a hospitality tenancy on the ground floor a top priority.
Western Australia's peak residential real estate body is urging the state government to provide a stimulus boost for first-time buyers of established homes to address oversupply of properties across the metropolitan area.
Perth home values dipped again in February, with increasing activity in transactions under $500,000 putting downwards pressure on the city's median price.
Seven out of the 10 Perth suburbs to have achieved the largest median house price increase in 2018 have at least a 37 per cent higher sale price than the overall Perth median of $505,000, according to the latest Reiwa data.
Access to credit will remain the most significant barrier to house price growth in 2018, in Perth and across the nation, according to market analysts CoreLogic.
Perth house prices have risen for the second straight month, according to new data from the Real Estate Institute of Western Australia, which released its monthly figures today ahead of market analyst CoreLogic.
Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.
Two sets of data out today have sent mixed signals about the Perth property market, with Reiwa figures revealing a lift in house prices in October, while Corelogic says they fell for the month.
Despite a fall in Perth's median house price in the September quarter, nearly 60 suburbs bucked the trend to record a price increase, according to the latest data from Real Estate Institute of Western Australia.
Buyers' agency and developer Momentum Wealth has braved Perth's patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.
