WA is in a prime position for residential real estate, whether you are a buyer, seller or investor.
PERTH
Property developers are knocking Perth homes down and subdividing blocks at an increasing rate.
After months of a listings drought and fierce competition for houses, Perth may finally be on the cusp of a sales bonanza
More land in Perth’s CBD could go on the market as part of a new direction by the City of Perth.
The Perth home value index increased almost five per cent in the first three months of the year.
Redevelopment of the crumbling South Fremantle power station could be the key to unlocking a strip of prime coastal land stuck in development purgatory.
Labour shortages are creating price pressure in the Perth rental property market.
There have been more homes pushing into the $1 million value or above, with 218 new suburbs joining the club.
The Real Estate Institute of WA has forecast 15 per cent growth for Perth property this year but some local suburbs are on track to exceed that.
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South East Queensland’s unprecedented sales swell continues to attract interstate developers and underpin major projects, with ID_LAND, Little Projects, Sammut Group, Azzura Corporation and Pikos Property making big progress on more than $800 million worth of new developments in recent weeks.
Property price records are tumbling across Victoria, with more than 170 suburbs in Melbourne laying claim to a median house price of $1 million or more, while several key regional locations have also breached the seven-figure barrier.
New lending restrictions will affect different parts of the property market more than others - dig into the details and find out what the changes mean for first homebuyers, investors and trade-up buyers.
Australians downsizing to luxury apartments are driving a rapid rise in prestige property values, with sales of apartments worth $10 million or more in the first half of the year running at nearly eight times more than the 10-year average.
Pent up demand from Sydney buyers emerging from lockdown and Melbourne purchasers likely to soon follow is expected to result in a resumption of the big price gains recorded in the first half of 2021, with both cities remaining in a state of housing undersupply.
Victoria’s state government has made a range of changes to its Windfall Gains Tax prior to it being introduced to Parliament, but industry groups say the move is the “wrong tax at the wrong time” that will have a big negative impact on housing affordability.
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