February 20, 2018
Source: Sasha Karen
Due to a tightening in the Perth rental market with modest supply and high levels of demand, rents throughout 2018 are set to keep rising and rising.
Shane Kempton, chief operations officer for Professional Real Estate Group in Western Australia and the Northern Territory, said this stems from high levels of demand, particularly for established family homes, with the number of vacant rental properties falling by…
Property sales in the coastal areas of Perth are up 20 per cent on the 2016 and 2017 summer seasons.
Professionals Real Estate Group is recording its best summer coastal sales season in Perth since 2015.
Shane Kempton, Chief Operation Officer for Professionals in Western Australia and the Northern Territory said property sales in the coastal areas of Perth were currently 20 per cent higher than 2016 and 2017 summer seasons.
February 16, 2018
Home ownership is still fundamentally important to Australians, especially those with an Asian heritage, according to The Westpac Ipsos Housing Affordability Research Report.
“Home ownership is still very important to the nation as a whole, with our research showing the vast majority – 92 per cent – believe owning your own home is one of…
Source: Shane Wright | PerthNow
THE Reserve Bank hopes Australian house prices only grow in line with incomes for a “run of years” in a bid to bring down eye-watering household debt levels.
Bank governor Philip Lowe, giving evidence to a parliamentary committee this morning, said while the overall economic picture for the country was improving there was ongoing concern about debts held by many Australians.
February 15, 2018
We’re starting to see some of the more expensive houses sell, says David Hipworth of LJ Hooker Karratha.
The median house price for regional Western Australia increased 2.9 per cent during the December 2017 quarter, outperforming growth in the Perth metropolitan region.
REIWA president Hayden Groves said eight regional centres experienced positive median house price growth during the quarter.
Karratha was the top performer
Karratha’s median house price growth was…
Source: WA Today
Employment notched up the longest streak of gains on record in January, while unemployment fell a tick and female participation in the workforce climbed to a record high.
Thursday’s figures from the Australian Bureau of Statistics showed 16,000 net new jobs were added in January, in line with forecasts and a solid result given it came on top of outsized increases in both December and November.
February 12, 2018
Appraisal numbers in Western Australia rose 10 per cent in January, which indicates a greater number of owners could be considering selling this year, says Craig Abbott, general manager WA, Raine & Horne.
The unique combination of fewer properties for sale and a 10 per cent surge in property appraisals, gives Perth property owners the opportunity to act out their new year’s real estate resolutions, said leading property group Raine & Horne.
Source: The West Australian
From the glamorous jet set of the 1960s who could shell out the equivalent of 25 weeks’ salary for the return flight to London to today’s fly-in, fly-out workers who travel to a host of remote sites 25 times a year for work.
Source: Josh Zimmerman | PerthNow
UP to 10,000 Chinese tourists are expected to come to Perth this week and many are being tipped to make the most of Chinese New Year celebrations to scour the State’s property market.
Leading Chinese international real estate website Juwai is predicting a home-hunting bonanza, with the seven-day national holiday viewed as the ideal time to scope out potential investments.
Source: Josh Zimmerman | PerthNow
PERTH Arena’s new neighbour will be a mixed-use tower named Perth Hub, which will include a 270-room Dorsett Hotel and 304 apartments.
It’s the latest transformational CBD project to be unveiled by Far East Consortium, the same developer building the Ritz-Carlton hotel and The Towers apartments at Elizabeth Quay.
The Hong Kong-listed firm has lodged planning applications worth $158 million…