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Summer coastal sales rebound in Perth

February 20, 2018

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.

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“Vast majority” of Australians say home ownership best path to financial security: Westpac

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.

The latest Westpac Ipsos survey reveals that most Australians still see home ownership as the best way to build financial security.

“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…

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RBA chief sees no sign of early interest rate rise, lift in wages

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.


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Karratha leads property price gains in regional WA, outpacing Perth: REIWA

February 15, 2018

Source: REIWA

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…

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Unemployment rate at 5.5% in January

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.


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Ten percent spike in appraisals a strong sign for WA property

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.


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Flight path for Perth Airport is all about expansion following extraordinary growth

Source:  The West Australian

What an extraordinary journey WA air travellers have been on — and the best is yet to come.

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.

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Chinese New Year home-hunting surge tipped for Perth

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.


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Plans for Perth Hub apartment tower next to Perth Arena

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…

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Perth property market begins its recovery in December quarter

February 6, 2018

Source: REIWA

The Perth property market ended 2017 on a positive note, with December quarter data showing improvements in median prices, sales activity, listing levels and average selling days.

REIWA President Hayden Groves said it boded well for Perth that all key indicators had improved over the quarter.

“The Perth market found its floor and stabilised in the…

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