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Maggie and Mario Franco's new Perth home eclipses the size of Alan Bond’s former residence.
PERTH
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Perth property sales have hit levels not seen since 2010 on the back of strong buyer demand.
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WA is facing a shortage of about 20,000 homes within four years, with fears this will keep local house prices rising.
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A would-be homeowner has lost more than $700,000 in a single click.
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There are now 28 Perth suburbs with a median house price above $1 million.
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Another building company has collapsed following the voluntary wind-up of New Sensation Homes.
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A Perth real estate agent is advising those looking for a rental to “go over the top” with their applications, as people fight to land a property.
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House prices in Perth by grew by an average of 2.9 per cent over the last quarter, but some suburbs have performed better than others.
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Property experts have warned a hidden problem is causing serious issues for housing prices, which could have huge flow-on impacts.
Australian Property Investor Magazine
Latest Articles
BREAKING NEWS: The Reserve Bank of Australia has today repeated its double dose of interest rate hikes, lifting its cash rate by 0.5 per cent (50 basis points) for the second consecutive month.
Property prices among Perth's best performing suburbs have shot up by more than 30 per cent in the just completed financial year, with prestige properties soaring over the year but mid-range suburbs playing catch-up in June.
Whether forming Hong Kong's first Aussie rules football team or creating wealth through a significant property portfolio, Melbourne-based Ray Wood has been kicking goals on and off the field.
Australians are unhappy with the Reserve Bank for raising interest rates so quickly but it hasn't stopped first-home buyers, investors or owner-occupiers from borrowing and building.
Commercial property is becoming more mainstream by the day but how do you make a start and what is the best strategy to employ?
Writing exclusively for Australian Property Investor Magazine, Real Estate Institute of New South Wales Chief Executive Officer, Tim McKibbin, argues that the state's stamp duty and other reforms do not address the central issue of a shortage of housing supply.
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