REIWA has revealed Perth’s 10 fastest-selling suburbs for the 12 months to July 2018. At the same time last year the western suburbs dominated the rankings with eight suburbs in the top 10. Only three of these suburbs have retained a placing, with the northern corridor putting in a strong showing this year. THE
The Perth rental market continues to show promising signs of improvement, with the vacancy rate falling to 4.5 per cent in August – the lowest it’s been since April 2015. REIWA President Hayden Groves said the Perth rental market had shown encouraging signs across all key indicators. “What we are seeing is a
The Perth property market is at its most affordable on record as falling prices and slowly rising wages give potential buyers their best chance of securing a home. Housing Industry Association figures show Perth housing is also the most affordable among the nation’s capital cities. The HIA estimated that in the June quarter, the monthly
Perth’s housing market decline looks to be slowing, but it will be a long, slow grind before it recovers from a post-mining boom slump, according to experts. Industry analyst and economic forecaster BIS Oxford Economics’ recent report points to an overall slowdown in the Australian property market. Perth’s house prices appear to be bottoming
Homebuyers could see their capacity to borrow cut by up to 40 per cent as a result of reforms likely to be driven by the banking royal commission. Research from investment bank UBS found the expected tightening of lending standards and raising of living expense benchmarks would cut credit availability by 21 to 41 per
After three years of challenging conditions in Perth’s rental market, conditions have stabilised and the outlook looks positive, new REIWA data shows. REIWA president Hayden Groves said that results for the December 2017 quarter suggested that Perth’s rental market officially found its floor in 2017. “After a prolonged period of falling rents, soaring listings and record
Home values have plunged by up to 25 per cent in real terms across five of Australia’s eight capital cities in the past decade, with Perth values most savagely hit, new data has revealed. A report by analysts CoreLogic applied the latest Consumer Price Index data, which shows the rate of inflation, to national