THE latest data shows that houses in Perth are selling 27 days faster in September, compared to the same time last year. Watch the Latest Housing Market Update across Australia and Perth. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of September, released in October 2020. National Housing Market Perth Housing Market Charles Darwin University (CDU) is set to become the first university in the country to pilot a program which will see the return of international students to Australia. PERTH’S rental shortage has gone from reasonable to severe according to Real Estate Institute of WA (REIWA) president Damian Collins, with listings at the lowest levels since 2012. Would-be Ringwood buyer Trish Curtis cheered when told one-on-one inspections would be allowed from Monday. A plan to help renters get ahead on the property ladder could jeopardise their retirement and place a burden on taxpayers, experts say Australians appear to have a spring in their step after suffering the doom and gloom of the pandemic, with people becoming more ready to take on a home loan. Australian Bureau of Statistics figures released today show the value of new loans for owner-occupied housing jumped 10.7 per cent in July, the largest month-on-month rise […] Watch the Latest Housing Market Update across Australia and Perth. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of August, released in September 2020. National Housing Market Perth Housing Market Experts and property economists have lauded Perth as Australia’s next property hotspot after spending years in the doldrums following the decline of the mining boom. Western Australia has been named Australia’s most affordable state to live in by the Real Estate Institute of Australia for eleven consecutive quarters, and the Perth property market is seeing […] Aussie home prices are holding firm despite the dramatic economic challenges of the coronavirus pandemic but things are set to change significantly in 2021. Home values across Australia continue to remain remarkably resilient to the economic effects of COVID-19 with prices nationally dipping just 0.4 per cent in August. According to CoreLogic’s Home Value Index, […] WA’s home building boom is pushing some construction companies to look interstate for workers and offer up huge incentives, including airfares and accommodation, to lure them. Wormall Civil, an engineering construction company with infrastructure projects across Perth, is offering a suite of incentives to attract interstate workers — provided they can get approval to enter […] The real estate boom in regional Australia is one of the most significant and tangible effects of the coronavirus pandemic – and this auction is evidence of that. Property experts said the tight supply of housing would benefit homeowners as it would create a safety net for falling values and limit some of the damage from the COVID crisis. New statistics compiled by the Urban Development Institute of Australia Western Australia show a 30-year record was set with the highest ever number of blocks sold in the June quarter. Homestar Finance has claimed the title of the lowest fixed rate on the market for new home buyers and refinancers. Watch the latest Housing Market Update across Australia and Perth. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of July, released in August 2020. Sales activity in the Perth metro region increased in July, with reiwa.com data showing volumes were up 68 per cent compared to April across both dwellings and land sales. People from Hong Kong pushed to breaking point by China’s strengthening grip on the former British territory are increasingly seeking out Australia as a potential new home, new data reveals.
The extension to Australia’s JobKeeper program will do more to protect housing prices and industries than the federal government’s HomeBuilder scheme, experts have claimed. Perth’s rental market is on a steady path to recovery, which is good news for investors but alarming for those already under rental stress, especially with soaring job losses off the back of the pandemic. There were 1,167 homes scheduled for auction across the combined capital cities this week, down from 1,269 over the previous week, although higher than this time last year (896). As well as a rush on land last month, WA purchasers were busy buying new homes, with sales for new builds doubling according to the HIA. Greater Perth is brimming with estate projects, but many might wonder about the value of buying into a new neighbourhood at distance from the CBD. With it widely acknowledged that homebuyers want property close to major road networks, public transport and employment hubs, schools and shops, estate developers look to ensure these preferences are met […] Land sales in Perth increased by a whopping 289 per cent throughout June, according to monthly data from the Real Estate Institute of Western Australia. Sales activity decreased 34 per cent in Perth this week, with REIWA members reporting 863 transactions. Weekly land sales in Western Australia recently hit their highest point since the mining construction boom in 2009, according to figures collated by the Real Estate Institute of Western Australia (REIWA). June reiwa.com data shows the strongest month for sales in Perth since 2015, with transactions increasing 55.1 per cent compared to May and 45 per cent higher than June 2019. Sales activity decreased two per cent in Perth this week, with REIWA members reporting 989 transactions. More than 70 per cent of property investors say it is a good time to buy residential property, with the majority also believing it is business as usual, according to a joint industry survey. With the introduction of several building home grants earlier this month a boom in land sales has hit Western Australia, reaching figures not seen since 2009. Data from reiwa.com has revealed over 1000 sales transactions occurred in greater Perth for the week ending 21 June 2020 – almost double the 52-week average of 539 sales per week and the highest level of activity seen since June 2013. reiwa.com data has revealed that over 1,000 sales transactions have occurred in greater Perth for the week ending 21 June 2020, which is almost double the 52-week average of 539 sales per week and is the highest level of activity seen since June 2013. New research and analysis by the Property Investment Professionals of Australia (PIPA) has found that house prices increased by as much as 100 per cent in the five years after the most recent recessions A plunge in population growth may delay a rebound in Australian property prices, despite growth in the housing market in the months before the COVID-19 lockdowns. Developers and builders have fielded a wave of renewed interest from home buyers motivated by the federal government’s HomeBuilder scheme. Cooney said inquiries about the company’s developments had quadrupled in the past week. Australians who shelved plans to sell their home at the start of the pandemic are slowly returning to the market. But prices are still expected to fall by up to 10 per cent. The Swedish giant announced this week that Solstråle was available for sale and installation within 100km of any Ikea store in Australia Watch the latest Housing Market Update across Australia. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of May, released in June 2020. IKEA Australia has launched a new money-saving household range that can slash a family of four’s electricity bills by as much as $1,500 per year. Sales activity decreased six per cent in Perth this week, with REIWA members reporting 593 transactions. West Australians who build a new home will be given $20,000 by the state government in addition to the $25,000 on the table as part of the Commonwealth’s HomeBuilder scheme. Australians will be offered $25,000 grants to build a new home or start a major renovation under near-$700 million federal government housing package in a bid to boost the economy and act as a lifeline to the home construction industry. Selling activity has been ramping back up across Australia, after bans on public auctions and open homes – implemented in March to curb the spread of COVID-19 – were lifted last month. Sales activity increased 9.8 per cent in Perth this week, with REIWA members reporting 636 transactions. reiwa.com data has revealed Perth’s rental stock has been quickly absorbed, with listings falling by 17 per cent in May to 4,676, which is the lowest they have been since November 2013. Are house prices falling? Not yet, but residential property prices are certainly not immune to the impacts of the coronavirus pandemic. Perth Property Prices in 2020 have continued trending upwards after recently turning positive. Lessons can be learned from the Covid-19 pandemic to design people-friendly buildings and cities that embrace the natural environment and make us more resilient to future pandemics. WA property has sat at the bottom of its cycle for what feels like forever. Homeowners, trapped in negative equity, have listened with rising scepticism to real estate agents’ slightly desperate-sounding promises we had definitely hit rock bottom and the tide was about to turn. The world has changed. The unprecedented disruption to our lives caused by Covid-19 and the accompanying physical distancing restrictions introduced to stop is spread has changed many aspects of our lives that we previously would have considered to be unchangeable. The ‘resilient’ Australia property market has risen in value despite widespread predictions of a dramatic slump due to the coronavirus epidemic. Going green with your new build? Here are the seven most popular, eco-friendly building materials you need to know about! March data showed the Perth property market was continuing in the right direction, with the fifth month in a row of CoreLogic’s Hedonic Home Value Index rising, the median days to sell lowering to only 60 days, and listings on reiwa.com decreasing one per cent. It’s understandable that many Australians expect to see the market behave as it did during previous economic downturns such as the Global Financial Crisis in 2007, which was a financial and demand shock. Perth property prices have enjoyed their best quarter in about six years, according to new data released today, but real estate experts say any celebration is likely to be short-lived. Rental property website Rent.com.au has released its report for March 2020, based on property leasing data. The report illustrates the shift in Australian median rental property prices (both metro and regional), rental affordability (the median room price metric) and days on market. The Perth market is – at last – showing solid signs of recovery from five years of dogged downturn. Hotspotting’s Autumn survey of sales activity has found 51 suburbs with rising demand, up from 34 six months ago. It’s one of the most googled questions since the Covid-19 outbreak began: how will coronavirus affect house prices? For the market for sustainable homes to continue to grow we need to adopt common language that resonates with consumers, such as “comfortable”, “healthy”, and “affordable”. Greenhouse gas emissions from energy production and increasing stress on all aspects of energy security in Australia look set to continue to rise despite the Morrison government claiming it is taking “sensible, responsible action” to address the climate crisis.News Archive
