REIWA CEO Cath Hart said demand for established homes will remain strong following the release of the latest population data. According to the ABS, WA’s population grew 2.8 per cent to 2.855 million in the year to March 2023, the fastest growth rate of any state and territory. The March quarter 2023 alone saw anRead more

It took a median of 10 days to sell a property in June, the fastest time on record, according to www.reiwa.com data. “Demand remains strong and properties continue to sell incredibly quickly,” REIWA President Joe White said. “Demand is being fuelled by population growth, along with more people turning to the established homes market due to theRead more

    Allowing tenants to make modifications to rental properties without seeking approval from the property owner was one of the proposed changes to the Residential Tenancies Act announced in May. The announcement sparked concern among investors, with a number sharing their thoughts with REIWA: “I am not against tenants feeling at home, however IRead more

Sales transactions decreased in Perth last week, with REIWA members reporting 881 transactions. A closer look shows house sales increased 6.5 per cent and unit sales increased by 2.1 per cent, while vacant land sales decreased by 35.2 per cent. There were 5,220 properties for sale in Perth at the end of last week, which is 2 per cent lowerRead more

REIWA CEO Cath has welcomed yesterday’s announcement by the RBA to leave the cash rate unchanged at 3.6 per cent. “It takes time for changes in interest rates to take effect so the RBA taking a breather to see the full impact of the previous 10 rate rises is positive and something they can affordRead more

Sales activity increased by 5.9 per cent in Perth last week, with REIWA members reporting 1,069 transactions. A closer look shows house sales increased by 8.9 per cent, unit sales were relatively stable and vacant land sales decreased by 4.6 per cent. There were 7,076 properties for sale in Perth at the end of last week, which is down 3.5Read more

Interest rates are starting to bite, with housing affordability declining across the country. Despite this, WA remains one of the most affordable places to buy a home. In WA the proportions of median family income* needed to make loan repayments** rose 2.3 percentage points to 33.8 per cent in the December 2022 quarter. This isRead more

If you’re thinking about renovating to sell or rent, there are many questions to ask yourself. Where can I make the most impact and gain the highest return? Should I tackle every room or make one room the focus? Heart of the house If there’s one room that has the highest impact, it’s the kitchenRead more

Sales activity increased by 4.6 per cent in Perth last week, with REIWA members reporting 1,018 transactions. A closer look shows house sales increased by 3.3 per cent, unit sales were relatively stable and vacant land sales increased by 44.4 per cent. There were 7,335 properties for sale in Perth at the end of last week, which is up 1Read more

  Sales activity increased by 13.3 cent in Perth last week, with REIWA members reporting 979 transactions. A closer look shows house sales increased by 13.1 per cent, unit sales increased by 18.3 per cent and vacant land sales decreased by 4.2 per cent.   Properties for sale There were 7,262 properties for sale in Perth at the end ofRead more

  Sales activity decreased by 21.9 cent in Perth last week, with REIWA members reporting 871 transactions. A closer look shows house sales decreased by 21.2 per cent, unit sales decreased by 17.6 per cent and vacant land sales decreased by 40.7 per cent. This follows increases of similar percentages the week prior.   Properties for saleRead more

  The latest interest rate rise will have a more moderate impact on the WA property market than other states because of the strong local market fundamentals, according to REIWA CEO Cath Hart. The Reserve Bank of Australia lifted the cash rate by 0.25 basis points to 3.35 per cent on Tuesday. That sees anRead more

Sales activity decreased by 2.5 cent in Perth last week, with REIWA members reporting 836 transactions. A closer look shows house sales decreased by 2.6 per cent and unit sales decreased by 2.3 per cent whereas vacant land sales were the same as the week prior. Properties for sale There were 7,137 properties for sale in Perth at theRead more

Sales activity decreased 6.8 per cent in Perth last week, with REIWA members reporting 834 transactions. A closer look shows house sales decreased by 6.5 per cent, unit sales decreased by 6.5 per cent and vacant land sales decreased by 12.8 per cent. Properties for sale   There were 8,094 properties for sale in Perth at the end ofRead more

Sales activity increased 5.2 per cent in Perth last week, with REIWA members reporting 909 transactions. A closer look shows house sales increased by 3.7 per cent, unit sales increased by 15.5 per cent and vacant land sales decreased by 9.4 per cent. Properties for sale   There were 8,364 properties for sale in Perth at the end ofRead more

REIWA is urging tenants to watch out for a potential scam, with the tight rental market being targeted by scammers who are constantly looking to take advantage of the situation. REIWA members report seeing some of their rental listings advertised on lesser-known web sites. The details appear legitimate and include home open times, but theRead more

Sales activity decreased 12.3 per cent in Perth last week, with REIWA members reporting 882 transactions. A closer look shows house sales decreased by 14.9 per cent, unit sales decreased by 13.6 per cent and vacant land sales increased by 47.4 per cent.   Properties for sale There were 8,475 properties for sale in Perth at the end ofRead more

Sales activity increased 11.4 per cent in Perth last week, with REIWA members reporting 1,015 transactions. A closer look shows house sales increased by 13.4 per cent, unit sales increased by 9.9 per cent and vacant land sales decreased by 13.6 per cent. There were 8,629 properties for sale in Perth at the end of last week, which isRead more

CoreLogic’s Perth home value index decreased 0.2 per cent in October, the smallest decline out of all capital cities in Australia. REIWA CEO Cath Hart said the Perth property market continues to be resilient compared to other states and credits the strong Western Australian economy, resources sector and housing affordability. “It is pleasing to seeRead more

Sales activity increased 5.6 per cent in Perth last week, with REIWA members reporting 921 transactions. A closer look shows house sales were stable, unit sales increased by 22.3 per cent and vacant land sales increased by 32.4 per cent. Properties for sale There were 8,624 properties for sale in Perth at the end of last week, which isRead more

Sales activity was steady in Perth last week, with REIWA members reporting 883 transactions. A closer look shows house sales increased by 9.2 per cent, unit sales decreased by 10.2 per cent and vacant land sales decreased by 50.7 per cent. Properties for sale There were 8,377 properties for sale in Perth at the end of last week, whichRead more

  Recent REIWA data shows getting a foot on the property ladder is still achievable for Perth first home buyers, with more than 500 houses available throughout the metropolitan area for $400k or under. REIWA Chief Executive Officer Cath Hart said the data was encouraging for first home buyers. “The dream of home ownership isRead more

Sales activity decreased by 13.5 per cent in Perth last week, with REIWA members reporting 883 transactions. A closer look shows house sales decreased by 14 per cent, unit sales decreased by 18.1 per cent and vacant land sales increased by 6.2 per cent. Properties for sale There were 8,212 properties for sale in Perth at the end ofRead more

Sales activity increased by 13 per cent in Perth last week, with REIWA members reporting 1,032 transactions. A closer look shows house sales increased by 11.6 per cent, unit sales increased by 14.5 per cent and vacant land sales increased by 26.9 per cent. Properties for sale There were 8,235 properties for sale in Perth at the end ofRead more

On Tuesday evening, Treasurer Chalmers handed down the 2022-23 Federal Budget, which the Treasurer has centered around on housing supply. The Federal Government has set an ambitious target to build one million more affordable new homes over the five years from 2024 through a new National Housing Accord. Response from REIA The Real Estate InstituteRead more

Sales activity increased by 5.1 per cent in Perth last week, with REIWA members reporting 923 transactions. A closer look shows house sales increased by 4.2 per cent, unit sales decreased by 3.2 per cent and vacant land sales increased by 79.3 per cent. Properties for sale There were 8,271 properties for sale in Perth at the end ofRead more

Sales activity was stable in Perth last week, with REIWA members reporting 888 transactions. A closer look shows house sales were stable, unit sales increased by 17.5 per cent and vacant land sales decreased by 48.2 per cent. Properties for sale There were 8,250 properties for sale in Perth at the end of last week, which is 1.6 perRead more

Sales activity increased 22.9 per cent in Perth last week, with REIWA members reporting 892 transactions. A closer look shows house sales were up by 20.8 per cent, unit sales increased by 25.8 per cent and vacant land sales increased by 40 per cent.   Properties for sale:   There were 8,122 properties for sale in Perth at theRead more

Rental stock levels on reiwa.com are at their lowest in 12 years, with just 1,675 properties available for rent at the end of September. The last time the levels were this low was in November 2010 with 1,537 properties available for rent. REIWA President Damian Collins said now was a challenging time for tenants, withRead more

Sales activity decreased 10.9 per cent in Perth last week, with REIWA members reporting 734 transactions. A closer look shows house sales were down by 7.1 per cent, unit sales decreased by 23.7 per cent and vacant land sales increased by 14.9 per cent.   Properties for sale:   There were 8,116 properties for sale in Perth at theRead more

Western Australia remains the second most affordable place in the country to rent and buy, according to figures from the latest Real Estate Institute of Australia (REIA) Housing Affordability Report.; The report determines affordability based on what proportion of the median weekly family income is required to service loan repayments and pay rent in theRead more

The Real Estate Intsitute of Australia has today released its national Real Estate Market Facts for the June 2022 quarter, which found Perth is the cheapest capital city for houses and units – and by some way too. House prices At $530,000, Perth once again retained the title as having the cheapest median house price acrossRead more

Sales activity decreased 2.2 per cent in Perth last week, with REIWA members reporting 833 transactions. A closer look shows house sales were down by 1.6 per cent, unit sales decreased by 6.1 per cent and vacant land sales increased by 4.3 per cent. Properties for sale There were 8,096 properties for sale in Perth at the end ofRead more

Sales activity increased three per cent in Perth last week, with REIWA members reporting 861 transactions. A closer look shows house sales were fairly stable, unit sales increased by 23.8 per cent and vacant land sales decreased by 9.8 per cent. Properties for sale There were 8,307 properties for sale in Perth at the end of last week, whichRead more

Traditionally, spring is a time of fervent activity for the Australian property market as sales and listings increase. However spring 2022 is expected to hit a little differently amid higher mortgage rates, weak consumer sentiment, stretched household budgets and weaker buyer interest. Using the latest data and insights from CoreLogic, we’ve compiled five key trendsRead more

Sales activity decreased 10.1 per cent in Perth last week, with REIWA members reporting 841 transactions. A closer look shows house sales decreased by 4.6 per cent, unit sales decreased by 16.7 per cent and vacant land sales decreased by 39.3 per cent. Properties for sale There were 8,199 properties for sale in Perth at the end of lastRead more

Fifty-six Perth suburbs recorded median house sale price growth during August, despite CoreLogic’s Perth home value index declining 0.2 per cent. REIWA President Damian Collins said a minor dip in the home value index was always a possibility given the interest rate environment, but that Perth was holding up very well overall – particularly inRead more

Sales activity increased 1.4 per cent in Perth last week, with REIWA members reporting 945 transactions. Over the week, house sales decreased 5.2 per cent, unit sales increased 10.3 per cent and vacant land sales increased 64.7 per cent. Properties for sale There were 8,160 properties for sale in Perth at the end of last week, which is 2.9Read more

Sales activity increased 3.2 per cent in Perth last week, with REIWA members reporting 944 transactions. Over the week, house sales increased 4.6 per cent, unit sales increased 2.4 per cent and vacant land sales decreased 12.1 per cent. Properties for sale There were 8,406 properties for sale in Perth at the end of last week, which is 0.9Read more

Sales activity increased 16.8 per cent in Perth last week, with REIWA members reporting 926 transactions. Over the week, house sales increased 17 per cent, unit sales increased 5.8 per cent and vacant land sales increased 41.5 per cent. Properties for sale There were 8,479 properties for sale in Perth at the end of last week, which is 0.9Read more

Sales activity increased 1.5 per cent in Perth last week, with REIWA members reporting 900 transactions. Over the week, house sales increased 2.4 per cent, unit sales decreased 6.5 per cent and vacant land sales increased 14 per cent. Properties for sale There were 8,464 properties for sale in Perth at the end of last week, which is oneRead more

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 902 transactions. Over the week, house sales increased 7.4 per cent, unit sales increased 10.1 per cent and vacant land sales increased 9.4 per cent. Properties for sale There were 8,548 properties for sale in Perth at the end of last week, which is 1.7Read more

Western Australia’s rental shortage has created significant problems for the state’s rental market, with tenants having continuing difficulties finding appropriate housing. At present, there are less than 2,500 properties for rent in Perth and the vacancy rate is sitting at around 1.1 per cent. In a balanced market, the vacancy rate would sit around threeRead more

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 846 transactions. Over the week, house sales increased 5.6 per cent, unit sales increased six per cent and vacant land sales increased 54.3 per cent. Properties for sale There were 8,696 properties for sale in Perth at the end of last week, which is 14Read more

Dayton was Perth’s top suburb for sales growth during the 2021-22 financial year, with reiwa.com data showing sales were up 141.3 per cent compared to the 2020-21 financial year. North Fremantle came in second, with sales up 125.9 per cent during the year, followed by Orelia with a 121.1 per cent increase in sales. REIWARead more

The Australian Bureau of Statistics (ABS) released new data this week which showed there had been a record level of interstate migration in Western Australia between 2020 and 2021. The ABS data shows WA had its largest ever quarterly interstate migration inflow in the final months of 2021 with more than 13,000 people moving west.Read more

Western Australia remains one of the most affordable places to buy property in the country. While first home buyers around the country are increasingly priced out of the market, the dream of home ownership is still very achievable for most West Australians. The Real Estate Institute of Australia (REIA) released their Real Estate Market FactsRead more

Sales activity decreased 10.6 per cent in Perth last week, with REIWA members reporting 792 transactions. Over the week, house sales decreased by 10.1 per cent, unit sales decreased 10.7 per cent and vacant land sales decreased 18.6 per cent. Properties for sale There were 8,682 properties for sale in Perth at the end of last week, which isRead more

New ABS statistics show thousands of people moved interstate to WA over the course of the pandemic WA enjoyed a net interstate migration increase of 11,423 between 2020 and 2021 New South Wales and Victoria’s extended lockdowns and restrictions resulted in major net losses of residents WA’s strong jobs market and housing affordability helped driveRead more

Sales activity increased 1.1 per cent in Perth last week, with REIWA members reporting 900 transactions. Over the week, house sales increased by 10 per cent, unit sales decreased 7.5 per cent and vacant land sales decreased 46.9 per cent. Properties for sale There were 8,560 properties for sale in Perth at the end of last week, which isRead more

A new report has found that Western Australia is the only place in the country where housing affordability has improved in 20 years. The Real Estate Institute of Australia (REIA) released their Housing Affordability Report ‘The Past 20 Years’ last month which looked at the change in affordability of each state and territory between 2000Read more

Marmion was Perth’s top performing suburb for price growth during the 2021-22 financial year, with its median house sale price increasing 39.7 per cent to $1.35 million. North Beach was second with 36.2 per cent price growth, followed by Gwelup with 35.2 per cent price growth. REIWA President Damian Collins said Perth property market conditionsRead more

Sales activity increased 1.8 per cent in Perth last week, with REIWA members reporting 903 transactions. This can be attributed to a 0.9 per cent decrease in house sales, a 2.7 per cent increase in unit sales and a 25.8 per cent increase in vacant land sales over the week. Properties for sale There were 8,595 properties forRead more

Sales activity increased 3.2 per cent in Perth last week, with REIWA members reporting 899 transactions. This can be attributed to a 1.5 per cent decrease in house sales, a 16.5 per cent increase in unit sales and a 22.2 per cent increase in vacant land sales over the week. Properties for sale There were 8,599 properties forRead more

With many individuals, couples and families across the country finding it harder than ever to purchase their own home, or simply choosing not to go down the path of home ownership, the need for suitable private rental accommodation is ever present. Shelter is a basic human need. It always has been and will always continueRead more

Southern River, Leeming and Parmelia are among the 12 Perth suburbs most in need of investors. Also making the list were Kingsley, Caversham, Lockridge, Swan View, Hilbert, Manning, Madora Bay, North Beach and Iluka, with reiwa.com analysis finding that each suburb had just one property available for rent at the end of May 2022. REIWARead more

Sales activity increased 2.2 per cent in Perth last week, with REIWA members reporting 879 transactions. This can be attributed to a 6.7 per cent increase in house sales, a 0.6 per cent increase in unit sales and a 30 per cent decrease in vacant land sales over the week. Properties for sale There were 8,532 properties forRead more

Western Australia is the second most affordable place in the country for housing and rentals, according to the Real Estate Institute of Australia’s (REIA) latest Housing Affordability Report. The report determines affordability based on what proportion of the median weekly family income is required to service loan repayments and pay rent in the respective state orRead more

  Sales activity decreased 12.8 per cent in Perth last week, with REIWA members reporting 869 transactions. This can be attributed to an 11 per cent decrease in house sales, a 17 per cent decrease in unit sales and a 16.8 per cent decrease in vacant land sales. Properties for sale There were 8,450 properties for sale inRead more

  RE/MAX Southern Stars has immense pleasure in announcing the return of Nic Sauzier, one of Western Australia’s top selling agents. “Nic is an exciting addition to our team,” said Principal and owner Alex Mitchell. “He is an established, respected and award-winning agent with an outstanding reputation.” The Southern Perth-based sales specialist said he welcomedRead more

Sales activity increased 5.6 per cent in Perth last week, with REIWA members reporting 1,005 transactions. This can be attributed to a 1.7 per cent increase in house sales and a 0.5 per cent increase in unit sales and a 72 per cent increase in vacant land sales. Properties for sale There were 8,379 properties for sale inRead more

Sales activity increased 11.4 per cent in Perth last week, with REIWA members reporting 959 transactions. This can be attributed to a 10.8 per cent increase in house sales and a 12 per cent increase in vacant land sales. Unit sales decreased 1.8 per cent during the week. Properties for sale There were 8,521 properties for sale inRead more

Sales activity decreased 2.6 per cent in Perth last week, with REIWA members reporting 875 transactions. This can be attributed to a three per cent increase in house sales, a five per cent decrease in unit sales, and a 12 per cent increase in vacant land sales. Properties for sale There were 8,431 properties for sale in Perth atRead more

Sales activity decreased 3.6 per cent in Perth last week, with REIWA members reporting 911 transactions. This can be attributed to a two per cent increase in house sales, an 11 per cent decrease in unit sales and a 32.9 per cent decline in vacant land sales. Properties for sale There were 8,294 properties for sale in Perth atRead more

The Real Estate Institute of Australia (REIA) is urging calm with a rate rise to 0.35 per cent, which is anticipated to have a moderate impact on housing affordability Australia-wide. REIA President Hayden Groves said the cash rate increase would have modest impacts on affordability with banks and mortgage holders well prepared. “Wages are expectedRead more

Sales activity increased 10.8 per cent in Perth last week, with REIWA members reporting 952 transactions. This can be attributed to a seven per cent increase in house sales, a 20.7 per cent rise in unit sales, and a 21.5 per cent in vacant land sales over the week. Properties for sale: There were 8,099 properties for saleRead more

Sales activity increased 11 per cent in Perth last week, with REIWA members reporting 869 transactions. This can be attributed to an 11 per cent increase in house sales, a five per cent increase in unit sales and a 32 per cent decline in vacant land sales. Properties for sale There were 8,040 properties for sale in Perth atRead more

Sales activity decreased 10 per cent in Perth last week, with REIWA members reporting 883 transactions. This can be attributed to a three per cent fall in house sales, a 30 per cent fall in unit sales, and a 24 per cent fall in vacant land sales over the week. Properties for sale There were 7,769 properties forRead more

Sales activity decreased three per cent in Perth last week, with REIWA members reporting 993 transactions. This can be attributed to a three per cent decline in house sales and a 26 decline in vacant land sales over the week. Unit sales increased seven per cent during the week. Properties for sale There were 7,896 properties for saleRead more

Weekly reported sales in Perth hit a 12 year high in March, with REIWA members reporting an average of 1,078 transactions per week throughout the month. REIWA President Damian Collins said the Perth market was showing no signs of slowing down, with reported weekly sales back to levels last seen in March 2010. “The appetiteRead more

The Perth property market has experienced strong market conditions since the end of 2020 and there are no signs of this momentum slowing. However, even with the price growth we have experienced since the market turned, Perth remains very affordable. Perth’s median house price is cheapest of all capital cities Last month, the Real EstateRead more

Sales activity decreased seven per cent in Perth last week, with REIWA members reporting 1,034 transactions. This can be attributed to a 10 per cent fall in house sales, a nine per cent fall in unit sales, and a 28 per cent rise in vacant land sales over the week. Properties for sale There were 7,790 properties forRead more

On Tuesday evening, Federal Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget, which the Real Estate Institute of Australia (REIA) has labelled a ‘budget for the times’. While REIA welcomed the measures in the budget, saying they will help constrain runaway inflation, provide the right signal for interest rates and assist challenges to housingRead more

Sales activity decreased five per cent in Perth last week, with REIWA members reporting 1,125 transactions. This can be attributed to a one per cent decline in house sales, a 15 per cent decline in unit sales and a 22 per cent decline in vacant land sales. Properties for sale There were 7,922 properties for sale in Perth atRead more

Sales activity increased 32 per cent in Perth last week, with REIWA members reporting 1,198 transactions. This can be attributed to a 36 per cent increase in house sales, a 19 per cent increase in unit sales and a 37 per cent increase in vacant land sales. Properties for sale There were 7,877 properties for sale in Perth atRead more

Western Australia has retained the title of most affordable place in the country for renting and is the most affordable state in the country for housing, according to a new report by the Real Estate Institute of Australia (REIA). REIA’s Housing Affordability Report determines affordability based on what proportion of the median weekly family income is requiredRead more

Sales activity decreased 18 per cent in Perth last week, with REIWA members reporting 913 transactions. This can be attributed to a 20 per cent decline in house sales, an eight per cent decline in unit sales and a 27 per cent decline in vacant land sales. Properties for sale There were 7,971 properties for sale in Perth atRead more

Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,121 transactions. This can be attributed to a 58 per cent increase in vacant land sales and a two per cent increase in unit sales. House sales were unchanged over the week. Properties for sale There were 7,803 properties for sale in Perth at theRead more

The Perth property market continues its steady growth trajectory, with CoreLogic reporting Perth home values increased 0.3 per cent during February. REIWA President Damian Collins said the Perth property market was on track for another solid year of price growth. “REIWA members across Perth are reporting strong market conditions. We don’t anticipate the demand forRead more

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,094 transactions. This can be attributed to a 26 per cent decline in vacant land sales. There was no change to house sales during the week and unit sales increased five per cent. Properties for sale There were 7,913 properties for sale in Perth atRead more

Sales activity increased five per cent in Perth last week, with REIWA members reporting 1,123 transactions. This can be attributed to a 17 per cent increase in vacant land sales, a 14 increase in unit sales and a two per cent increase in house sales. Properties for sale There were 7,903 properties for sale in Perth at the endRead more

Sales activity decreased six per cent in Perth last week, with REIWA members reporting 1,080 transactions. This can be attributed to a 17 per cent decline in unit sales and a 35 per cent decline in vacant land sales. House sales figures were unchanged. Properties for sale There were 7,982 properties for sale in Perth at the end ofRead more

Mount Nasura, Wellard and Ashby are among 10 Perth suburbs with potential for solid price growth in 2022, following a strong year of sales growth in 2021. REIWA President Damian Collins said the suburbs that featured on this list were suburbs that had recorded relatively low price growth during 2021, despite sales volumes increasing byRead more

Sales activity increased 18 per cent in Perth last week, with REIWA members reporting 1,160 transactions. This can be attributed to a 16 per cent increase in house sales, a 17 per cent increase in unit sales and a 33 per cent increase in vacant land sales. Properties for sale There were 7,975 properties for sale in Perth atRead more

CoreLogic’s Perth home value index increased 0.6 per cent during January, the highest monthly increase since May 2021. REIWA President Damian Collins said this was a strong start to the year, especially given activity is typically lower in January following the festive season. “Demand has been strong in the first month of the year. IfRead more

Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 997 transactions. This increase can be attributed to a 21 per cent increase in house sales and a 20 per cent increase in unit sales. Vacant land sales decline 10 per cent during the week. Properties for sale There were 8,256 properties for saleRead more

Sales activity increased one per cent in Perth last week, with REIWA members reporting 992 transactions. This can be attributed to a five per cent decline in house sales, a three per cent increase in unit sales and an 84 per cent increase in vacant land sales. Properties for sale There were 8,106 properties for sale in Perth atRead more

Sales activity continued to rebound in Perth following the holiday season slowdown, REIWA members reporting 853 transactions, which is a 45 per cent increase on last week. This increase can be attributed to a 48 per cent increase in house sales, a 34 per cent increase in unit sales and a 47 per cent increase in vacantRead more

Woodlands is Perth’s top performing suburb for price growth in 2021, with its median house sale price having increased 35 per cent to $1.23 million last year. Shenton Park was second with 32.1 per cent price growth, followed by Hillman with 29.1 per cent price growth. REIWA President Damian Collins said whilst the overall PerthRead more

Sales activity has begun to rebound in Perth following the holiday season slowdown, with REIWA members reporting 594 transactions, which is a 124 per cent increase on last week. This increase can be attributed to a 123 per cent increase in house sales, a 210 per cent increase in unit sales and a 38 per cent increaseRead more

2021 was a big year for the Perth property market, with CoreLogic’s latest data showing Perth home values increased 13.1 per cent during the calendar year. REIWA President Damian Collins said the increase in the CoreLogic hedonic home value index over the last 12 months was good news for Perth property owners. “2021 saw aRead more

Western Australia’s strong property market conditions are expected to continue, with REIWA’s 2022 outlook estimating Perth house prices will rise a further 10 per cent next year. REIWA President Damian Collins said the WA property market was firmly in recovery, with the Institute forecasting Perth house prices to increase by 10 per cent in 2022,Read more

House prices may have risen by approximately 14 per cent in Perth this year, but Western Australia is still the most affordable state in the country for housing, according to the Real Estate Institute of Australia’s latest Housing Affordability Report. The report determines affordability based on what proportion of the median weekly family income is requiredRead more

The Real Estate Institute of Australia (REIA) has urged aspiring first home buyers to secure their place in the First Home Loan Deposit Scheme (FHLDS) before Christmas. REIA President, Adrian Kelly said that the FHLDS had helped nearly 60,000 Australians into home ownership to date. “With around 4,600 places coming online in time for Christmas,Read more

Sales activity decreased four per cent in Perth last week, with REIWA members reporting 1,007 transactions. This decrease can be attributed to a 47 per cent decline in vacant land sales. House sales were unchanged over the week and unit sales recorded a two per cent increase. Properties for sale There were 9,286 properties for sale in Perth atRead more

Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,060 transactions. This stability can be attributed to a four per cent increase in house sales and an 18 per cent increase in vacant land sales. Unit sales declined two per cent during the week. Properties for sale There were 9,348 properties for saleRead more

Sales activity increased nine per cent in Perth during November 2021, with reiwa.com reported sales data showing the average weekly sales figure was 1,048 during the month, which is 24 per cent higher than November 2020. REIWA President Damian Collins said the spring selling season had turned up a notch, with November marking the fourthRead more

Sales activity was stable in Perth last week, with REIWA members reporting 1,033 transactions. This stability can be attributed to a one per cent increase in house sales, an 11 per cent decline in unit sales and an 11 per cent increase in vacant land sales. Properties for sale There were 9,280 properties for sale in Perth at theRead more

22 November 2021 Sales activity decreased 0.9 per cent in Perth last week, with REIWA members reporting 1,047 transactions. This decrease can be attributed to a 1.8 per cent decline in house sales and a 5.1 per cent decrease in vacant land sales, however, unit sales increased 4.5 per cent. Properties for sale There were 9,214 properties forRead more

Australian property values are seeing a slowdown in the monthly rate of growth. This trend is expected to carry into 2022, as affordability constraints rise, mortgage rates bottom out, and a higher number of new listings takes some pressure off market conditions. Since the monthly rate of growth in Australian dwellings peaked in March 2021Read more

Sales activity decreased two per cent in Perth last week, with REIWA members reporting 1,067 transactions. This decrease can be attributed to a five per cent decline in house sales. However, unit sales were stable and vacant land sales increased 46 per cent. Properties for sale There were 9,067 properties for sale in Perth at the end of lastRead more

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,097 transactions. This decrease can be attributed to a four per cent increase in house sales, an eight per cent rise in unit sales, and a 51 per cent fall in vacant land sales over the week. Properties for sale There were 8,863 propertiesRead more

Perth’s spring selling season is underway, with 119 suburbs recording an increase in listings for sale during October. REIWA President Damian Collins said spring traditionally saw more sellers come to market, ready to take advantage of increased buyer activity following the winter slowdown. “Spring 2021 has so far continued the trend we’re used to seeingRead more

  Sales activity increased 11 per cent in Perth last week, with REIWA members reporting 1,114 transactions. This increase can be attributed to a seven per cent increase in house sales and a 116 per cent increase in vacant land sales. Unit sales were unchanged. Properties for sale There were 8,678 properties for sale in Perth at the endRead more

(Source: reiwa.com.au – 26 October 2021 – Author: REIWA President Damian Collins) CoreLogic has released its revised Perth home value index which shows that in the 12 months to September 2021 Perth house prices grew 18.1 per cent. The revised figure follows the recent CoreLogic announcement that there had been a divergence in the reporting of itsRead more

(Source: reiwa.com.au – 25 October 2021) Sales activity was stable in Perth last week, with REIWA members reporting 1,010 transactions. This stability can be attributed to a one per cent increase in house sales, a five per cent increase in unit sales and a 27 per cent decline in land sales. Properties for sale There were 8,695 propertiesRead more

(Source: reiwa.com.au – 18 October 2021) Sales activity was stable in Perth last week, with REIWA members reporting 1,017 transactions. This stability can be attributed to an eight per cent increase in house sales, a five per cent decline in unit sales and a 37 per cent decline in land sales. Properties for sale There were 8,550 propertiesRead more

Source: reiwa.com.au – 11 October 2021 – Author: Real Estate Institute of Australia As home ownership is fast being removed from a reality for many Australians and media speculation is rife on a lending crackdown, Real Estate Institute of Australia (REIA) has delivered three key urgent and actionable recommendations to the House of Representatives Standing CommitteeRead more

Source: reiwa.com.au – 11 October 2021 Sales activity increased 25 per cent in Perth last week, with REIWA members reporting 1,024 transactions. This increase can be attributed to a 21 per cent increase in house sales, a 25 per cent increase in unit sales and a 67 per cent increase in land sales. Properties for sale ThereRead more

Source: reiwa.com.au – 04 October 2021 Sales activity decreased 22 per cent in Perth last week, with REIWA members reporting 828 transactions. This decrease can be attributed to a 20 per cent decline in house sales, a 16 per cent decrease in unit sales and a 44 per cent decrease in vacant land sales. Properties for saleRead more

Source: reiwa.com.au – 28 September 2021: Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 1,074 transactions. This increase can be attributed to a 10 per cent increase in house sales, a 32 per cent increase in unit sales and an 80 per cent increase in vacant land sales. Properties for saleRead more

Perth remains one of the most affordable places in the country to buy a house, which is especially evident when comparing the most affordable suburbs within 10 kilometres of the Perth CBD to the equivalent suburbs in Sydney and Melbourne. CoreLogic data shows the ‘cheapest’ suburb within 10 kilometres of the CBD in Melbourne isRead more

Source: reiwa.com.au – 20 September 2021 Sales activity increased one per cent in Perth last week, with REIWA members reporting 911 transactions. This increase can be attributed to an eight per cent rise in house sales, however unit and land sales fell by 11 per cent and 19 per cent respectively. Properties for sale There were 8,537 propertiesRead more

Source: reiwa.com.au – 13 September 2021 Sales activity decreased seven per cent in Perth last week, with REIWA members reporting 902 transactions. This decrease can be attributed to a 10 per cent decline in house sales, however unit sales were up three per cent and vacant land sales were up five per cent. Properties for sale There wereRead more

Source: reiwa.com.au – 06 September 2021 Sales activity increased six per cent in Perth last week, with REIWA members reporting 978 transactions. This increase can be attributed to an 11 per cent increase in house and unit sales and a four per cent increase in vacant land sales. Properties for sale There were 8,337 properties for sale inRead more

Source: reiwa.com.au – 30 August 2021 Sales activity increased eight per cent in Perth last week, with REIWA members reporting 931 transactions. This increase can be attributed to a three per cent increase in house, a 23 per cent increase in unit sales and an 18 per cent increase in vacant land sales. acant land sales declinedRead more

  If you own a single investment property and are having an internal tussle about increasing your property portfolio, you might like to read on… Wherever you are, there is a property cycle that is moving to its next phase. Prices may be rising or falling; banks may be making it easier or harder… It’sRead more

Source: reiwa.com.au – 19 August 2021 Author: Real Estate Institute of Australia The Real Estate Institute of Australia (REIA) has welcomed the House of Representatives Standing Committee on Tax and Revenue inquiry into housing affordability and supply in Australia. REIA President Adrian Kelly said the inquiry will address property taxation in the form of stamp or transferRead more

Source: reiwa.com.au – 23 August 2021 Sales activity increased two per cent in Perth last week, with REIWA members reporting 869 transactions. This increase can be attributed to a four per cent increase in house and unit sales. Vacant land sales declined 19 per cent during the week. Properties for sale There were 8,511 properties for sale in Perth atRead more

Source: reiwa.com.au – 11 August 2021 Stamp duty remains the biggest financial hurdle for Western Australians looking to buy property, which is why the WA Government should commit to reforming stamp duty in its 2021-22 State Budget. REIWA President Damian Collins said while stamp duty was an important revenue earner for the WA Government, theRead more

Source: reiwa.com.au – 16 August 2021 Sales activity increased three per cent in Perth last week, with REIWA members reporting 860 transactions. This increase can be attributed to a four per cent increase in house sales and an eight per cent rise in vacant land sales. Unit sales declined four per cent during the week. Properties forRead more

Source: corelogic.com.au – Eliza Owen – 12 Aug 2021 Dwelling sales continue to surge across Australia against low listings levels. In the three months to July, CoreLogic estimates there were around 171,100 sales. This is 53.4% higher than what has typically been seen this time of year for the previous five years. In the sameRead more

Source: reiwa.com.au – 10 August 2021 The Perth market recovery is tracking at an average growth rate of 0.9 per cent per month, which is almost double the average growth rate recorded during the 2011-14 growth cycle of 0.5 per cent. REIWA President Damian Collins said Perth’s last growth cycle lasted 30 months and resultedRead more

Source: reiwa.com.au – 04 August 2021 First home buyers are driving the Western Australian market recovery, with data released from the WA Government revealing a near record $6 million dollars in Home Buyers Assistance Account (HBAA) grants was paid out last financial year. REIWA President Damian Collins said it was very pleasing to see thatRead more

Source: reiwa.com.au – 09 August 2021 Sales activity decreased 11 per cent in Perth last week, with REIWA members reporting 841 transactions. This decrease can be attributed to a 10 per cent fall in house sales, an eight per cent fall in unit sales, and an 18 per cent fall in vacant land sales over the week.Read more

Source: reiwa.com.au – 2 Aug 2021   Perth’s wettest July in many years hasn’t dampened buyer appetite, with reiwa.com data revealing listings for sale dropped 2.3 per cent in July and are down 6.4 per cent compared to April 2021. REIWA President Damian Collins said it is pleasing that stock is being soaked up quickly,Read more

Source: reiwa.com.au – 2 Aug 2021   Sales activity increased seven per cent in Perth last week, with REIWA members reporting 947 transactions. This can be attributed to seven per cent increase in house and unit sales and a 15 per cent increase in vacant land sales. Properties for sale There were 8,283 properties for sale in Perth atRead more

Source: Corelogic.com.au – Eliza Owen – 29 Jul 2021 Since the onset of COVID-19, a prominent trend across the Australian dwelling market has been high demand for detached houses. This is reflected in price changes of houses and units since March last year, as stage 2 restrictions rolled out across the nation. In the pastRead more

Source: reiwa.com.au – 26 July 2021 Sales activity increased three per cent in Perth last week, with REIWA members reporting 894 transactions. This can be attributed to 47 per cent increase in vacant land sales, while house and unit sales were unchanged over the week. Properties for sale There were 8,525 properties for sale in Perth at the endRead more

While there are about two million investors in Australia, about 75 per cent of them own just one investment property. What made the other 25 per cent confident enough to increase their property portfolio beyond one? Firstly, they began their investment journey the right way by selecting the right investment property first time round –Read more

Source: reiwa.com.au – 19 July 2021   Sales activity increased eight per cent in Perth last week, with REIWA members reporting 875 transactions. This can be attributed to seven per cent increase in house sales and a 31 per cent increase in unit sales, however vacant land sales declined by 18 per cent. Properties for sale ThereRead more

Source: corelogic.com.au – Eliza Owen – 21 July 2021 The CoreLogic Quarterly Rental Review for June showed a strong uplift of 6.6% in rent values over the year. This follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011. The annual growth rate of 6.6% marked the strongest annual uplift in over aRead more

Source: corelogic.com.au – Eliza Owen – 15 July 2021   CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year. The analysis was undertaken at the individual property level, using a set of mortgage assumptions and valuationRead more

Source: realestate.com.au – Nicole Cox, 2 Jul 2021   A growing divide between homeowners and renters has emerged in Western Australia, with a new report revealing the disparity in housing affordability has widened since COVID-19. The recent Bankwest Curtin Economics Centre’s Housing Affordability in WA: A tale of two tenures report shows while property owners are more comfortableRead more

Source: reiwa.com.au – 12 July 2021 Sales activity decreased 12 per cent in Perth last week, with REIWA members reporting 813 transactions. This decrease can be attributed to a three per cent fall in house sales, a 16 per cent rise in unit sales, and a 61 per cent fall in vacant land sales over the week.Read more

Source: Corelogic.com.au – Eliza Owen – 1 July 2021 National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. CoreLogic Head of Research for Australia,Read more

Source: reiwa.com.au REIWA firmly believes that the single biggest hurdle for prospective home owners in Western Australia entering the property market is the financial barrier of stamp duty. In a survey conducted by REIWA, 90 per cent of respondents considered stamp duty to be a significant barrier to home ownership, which is why the Institute isRead more

  Source: reiwa.com.au – 05 July 2021 Sales activity increased five per cent in Perth last week, with REIWA members reporting 932 transactions. This increase can be attributed to a 140 per cent rise in vacant land sales during the week, despite house and unit sales declining by three per cent and 27 per cent respectively. PropertiesRead more

28 June 2021 Many of us will be using this time of year to review our own personal financial situation. (You know what we mean … tax time.) An important part of that is considering if and how our investment properties are working for us.  Ultimately, as property owners, we want our investments to beRead more

(Source: reiwa.com.au – 25 Jan 2021) Sales activity increased 13 per cent in Perth last week, with REIWA members reporting 856 transactions. This increase can be attributed to a 15 per cent rise in house sales, 24 per cent rise in unit sales and 15 per cent fall in vacant land sales over the week. Properties forRead more

(Source: reiwa.com.au – 28 June 2021) Sales activity increased three per cent in Perth last week, with REIWA members reporting 896 transactions. This increase can be attributed to a one per cent decline in house sales, a one per cent increase in unit sales and a 52 per cent increase in vacant land sales. Properties for saleRead more

(Source: domain.com.au – Lisa Calautti – Jun 21, 2021) First-home buyers in Perth need an average of three years and seven months to save the deposit for an entry-level home, with new data revealing Perth has the best conditions in the nation for first-time buyers. Domain’s First-Home Buyer Report, released on Monday, also found the timeRead more

(Source: reiwa.com.au – 21 June 2021) Sales activity increased 14 per cent in Perth last week, with REIWA members reporting 882 transactions. This increase can be attributed to a 16 per cent rise in house sales, a five per cent rise in unit sales and an eight per cent rise in vacant land sales. Properties for saleRead more

Source: reiwa.com.au – 08 June 2021 Investor finance in Western Australia increased 164 per cent in April 2021 compared to April 2020, according to the Australian Bureau of Statistics (ABS), which is good news for the state’s rental market. The latest ABS statistics revealed investor lending in April 2021 was $453 million, up 164 per cent from $171 million in April 2020. This is on top of the March 2021 improvement, whichRead more

Source: reiwa.com.au – 14 June 2021 Sales activity decreased 17 per cent in Perth last week, with REIWA members reporting 783 transactions. This decrease can be attributed to a 15 per cent decline in house sales, a 14 per cent decline in unit sales and a 39 per cent decline vacant land sales. Properties for sale ThereRead more

(Source: reiwa.com.au – 10 June 2021) reiwa.com settled sales data for the March 2021 quarter has revealed that 10 Perth suburbs have more than doubled their sales volumes when compared to the March 2020 quarter. REIWA President Damian Collins said the March quarter saw strong sales growth across Perth, with a 31 per cent increase whenRead more

02 June 2021 – reiwa.com     Despite strong market conditions, Western Australia is still the most affordable state for housing and rentals, according to the Real Estate Institute of Australia’s (REIA) latest Housing Affordability Report. The report found that the proportion of family income needed to meet loan repayments in WA during the March 2021Read more

Source: CoreLogic – Tim Lawless 1 June 2021   Housing markets around Australia continued to surge in May with CoreLogic’s national Home Value Index up 2.2% over the month – The rise in May was a stronger result compared with April (1.8%), but weaker than the 32-year high recorded in March when values surged 2.8%.Read more

Source: Corelogic: Tim Lawless 31 May 2021   Owner occupiers have been the primary driver of the housing market rebound, comprising 76% of all new home loans over the twelve months to March 2021 compared with the decade average where owner occupiers have comprised a smaller 65% of demand; but the mix of housing activityRead more

      Twenty Perth suburbs have recorded median house sale price growth of 10 per cent or more in 2021. REIWA President Damian Collins said the Institute had forecast 15 per cent price growth in Perth by the end of the 2021 calendar year, but 20 suburbs had either met that figure or wereRead more

Sales activity increased five per cent in Perth last week, with REIWA members reporting 922 transactions. This increase can be attributed to a five per cent increase in house sales and a 21 per cent increase in vacant land sales during the week. Unit sales volumes were unchanged. Properties for sale – There were 9,118 properties for saleRead more

  24 May 2021 – Eliza Owen – Corelogic   CoreLogic has released its Quarterly Regional Report, which revealed the annual growth rate of combined regional dwelling values (13%) was more than twice that of the capital cities (6.4%) in the 12 months to April. Remarkably, rent values across the combined regional markets have outpaced capitalRead more

12 May 2021 – REIWA   On 11 May 2021, Federal Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget. We have crunched the numbers to determine what this all means for you, our members, and how this budget will impact the national real estate environment moving forward.   The bottom line – The best news of budget night was that the bottom line was far better than expected, and that Australia’s economy is roaring. Last year AustraliaRead more

(Source: REIWA 03 May 2021)     Perth’s median house price is above $500,000 for the first time since December 2018, according to the latest reiwa.com data. REIWA President Damian Collins said reiwa.com data showed Perth’s median house sale price had increased to $508,000 during April. “The Perth property market continued its strong recovery inRead more

Nicole Cox – realestate.com.au 7 May 2021   Perth is tipped to break its record median house price by the end of the year after the city’s robust market saw the figure surge past $500,000 for the first time since 2018.  In an interview with realestate.com.au, Real Estate Institute of Western Australia president Damian CollinsRead more

  CORELOGIC – 7 MAY 2021   CoreLogic today announced its estimate of the total value of residential real estate in Australia has reached $8.1 trillion. The surge in value follows the recent broad-based capital gains witnessed across the country, with many markets now at their peak. CoreLogic head of research, Eliza Owen, says “TheRead more

  CORELOGIC 10 May 2021 (Eliza Owen)   Housing affordability is becoming an increasingly pressing concern through 2021, as dwelling values continue to rise, and first home buyer activity has started to decline. Through April, national dwelling values increased 1.8%, which is six times the average monthly movement in property prices for the past decade.Read more

(CoreLogic – Tim Lawless – 3 May 2021) Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).  Although growth conditions have slowed, housing values are still rising at a rapid pace, up 6.8% overRead more

03 May 2021   Sales activity decreased 34 per cent in Perth last week, due to the COVID-19 lockdown and subsequent restrictions. REIWA members reported 645 transactions. This decrease can be attributed to a 33 per cent decline in house sales and a 50 per cent decline in unit sales, however vacant land sales increased 40 perRead more

15 February 2020 Author: REIWA President Damian Collins   There’s no denying that it’s a great time to buy in Western Australia. If you’re currently renting but keen to get into property ownership, the current market conditions provide plenty of opportunity for you to secure your first home. Perth is in a unique position, comparedRead more