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Winter and the fear of being 'homeless' see new listings fall - REIWA
Winter and the fear of being ‘homeless’ have seen new listings decline in July, according to REIWA. The fall in new listings, combined with consistently strong demand, has led to active listings falling to the lowest level in 12 months. According to www.reiwa.com data, active listings settled at 3,382 at the end of July. REIWA President Suzanne Brown said while it was common for new listings to decline in Winter, concerns about being ‘homeless’ were also deterring potential sellers. “W...
The Perth suburbs where property prices have skyrocketed in 2025 - WAtoday
Median house prices across Perth will likely grow by an average of 10 per cent between January and December, new data has revealed, while unit prices will spike 15 per cent over the same period. The Real Estate Institute WA’s 2025 property market quarterly update revealed that under current market conditions, people would continue to favour units, priced out of buying a home. Institute president Suzanne Brown said the median sale price in the unit market – including villas, townhouses, ho...
Units set to outperform houses for price growth in 2025 - REIWA
Units are set to outperform houses for price growth in 2025, according to REIWA’s property market quarterly update. REIWA President Suzanne Brown said the median house sale price was trending towards 10 per cent growth over the year, while unit prices were on track to achieve 15 per cent growth under current conditions. “The median sale price in the unit market, which includes villas, townhouses, home units and apartments, was growing at a slower rate than the median house sale price for ...
Construction costs up on previous quarter, complicating RBA's path forward - Cotality
Construction costs picked up slightly to grow 0.5% over the June quarter, according to Cotality’s latest Cordell Construction Cost Index (CCCI). The latest data follows a 0.4% rise in the March quarter - the lowest quarterly increase since March 2010 (also 0.4%). Cotality’s Research Director, Tim Lawless, commented: “Growth in residential construction costs has increased a little compared to the previous quarter; however, when compared to the long-term average, the increase is tracking at h...
Perth - Property Powerhouse
Perth propelled into property powerhouse as WA's economic engine roars. The real estate landscape of Western Australia is being reshaped by a perfect storm of unprecedented economic vitality, surging population growth, and insatiable demand for housing according the The Australian Business Review. https://www.theaustralian.com.au/business/stockhead/perth-propelled-into-property-powerhouse-as-was-economic-engine-roars/news-story/65ce7c50a2ee4863551d6d2de875df4a
WA Population Growth - 2023 article
The ABS (Australian Bureau of Statistics) has confirmed that Western Australia is the fastest growing state at a rate of 3.1%. As the population grows, more strain is coming down on the housing crisis which, is not showing any signs of easing anytime soon. Click the link to read a great article which was published in WA Today in December 2023, that speaks about our increasing population. https://www.watoday.com.au/national/western-australia/tens-of-thousands-of-people-moved-to-wa-i...
Real Estate News WA
House prices to grow 10% in 2024 - REIWA forecast Perth house prices are set to grow 10 per cent in 2024, according to REIWA’s 2024 property market quarterly update. Rents are also expected to rise, although the rate of growth may slow. Click for more info Homes for sale plunge to record lows in December 2023 - REIWA Listings for sale across Perth fell to a record low of 3,648 at the end of December, according to reiwa.com data. This was 23.4 per cent lower than Novembe...