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WA economy forecast to improve: Deloitte

April 23, 2018

Source: The West Australian

The sun is starting to “break” over the WA economy, one of the country’s leading forecasters has declared, with growth expected to improve and wages likely to start climbing.

Deloitte Access Economics, in its quarterly overview of the States and Territories, has upgraded its forecasts ahead of next month’s WA Budget.

After shrinking through 2016-17, the WA economy is tipped to expand…

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Perth property market popularity predicted to rise next financial year

April 18, 2018

SOURCE: Smart Property Investment

Financial year 2018–19 is expected to see a rise of investor activity in the Perth property market due to rising rents.

Shane Kempton, chief financial officer for Professionals Real Estate Group in Western Australia and the Northern Territory, said that the rise in rents was predicted not just by Professionals, but Domain too.

“[The rise in rental yields] is highlighted not only by Professionals figures but…

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Perth house and unit medians stable in March

April 5, 2018

Source: REIWA

Perth’s median house and unit prices were stable in March, with reiwa.com data showing both sectors of the housing market were holding up well.

REIWA President Hayden Groves said Perth’s median house price had increased 0.5 per cent to $517,650 in March, while the median unit price had remain unchanged at $407,000.

“It’s pleasing that both house and unit prices are strengthening at the same time because it…

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Perth and Darwin rising property sales paving way for future growth

March 20, 2018

Source: Sasha Karen

Despite falling property sales falling nation-wide, Perth and Darwin are some of the country’s better-performing capital cities and could be seeing more growth soon.

Shane Kempton, chief operations officer for Professionals Real Estate Group in Western Australia and the Northern Territory, claimed that the Perth and Darwin markets have been performing well in terms of sales, despite CoreLogic statistics pointing to sales for all capital cities…

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Shorten’s class-war $59bn tax on wealthy shareholders, retirees, super funds

March 12, 2018

Source: The Australian

Bill Shorten has opened a new front in his class-war tax grab on the wealthy, with a pledge to axe cash refunds for excess imputation tax credits claimed by super funds, which are estimated to balloon to almost $60 billion over the next 10 years.

Unwinding a superannuation measure introduced by the Howard government, the Opposition Leader will announce today that a Labor government will…

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Go west for investment hotspots in 2018

Source: The Real Estate Conversation

Heated residential property markets and rapidly rising house prices in Sydney and Melbourne over the last few years have led many investors to look further afield to identify hotspots with affordable prices and potential for capital growth.

Today’s property investor needs to have a broader outlook and research properties outside of capital cities and even in other states in order to secure investment properties that…

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REIWA forecasts upturn in WA home building in latest sign the property market has bottomed out

Source: PerthNow

Tradies say they are starting to see an upturn in demand for their services, as the state’s peak real estate body preaches cautious optimism about improvement in the WA property market.

Both the Real Estate Institute of WA and the Housing Industry Association predict that a recent rise in residential building is here to stay.

An increase of seven percent in home dwellings construction is…

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Negative gearing: Reform can save Government $1.7 billion without hurting investors

Source: PerthNow

REFORMING negative gearing could save the federal government A$1.7 billion without hurting “mum and dad investors”, according to our new modelling, by focusing tax deductions on investors with smaller property portfolios and removing them for richer investors.

Combined with changes to capital gains tax, reforming negative gearing could make the Australian housing market more sustainable and equitable.

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More signs of recovery in Perth property market

March 8, 2018

Source: Michael Mata ‘Your Investment Property”

 

The Perth property market has seen further signs of life on the road to recovery this year—including a lower vacancy rate and the growing demand for higher-density living.

The Western Australian capital’s vacancy rate has dropped to 5.3%, the lowest since July 2015, according to the Real Estate Institute of Western Australia (REIWA).

Hayden Groves, president of REIWA, said Perth’s vacancy rate…

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Perth rents set to rise in tight rental market

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…

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