Purplebricks announces exit from Australia

Purplebricks has announced its exit from Australia after two and a half years of trading.

… Read more »

The 10 Perth suburbs where tenants are snapping up rentals the fastest

13 June 2018

White Gum Valley, Scarborough and Shenton Park are among the 10 Perth suburbs where landlords are finding tenants for their rental properties the fastest.

REIWA … Read more »

Sales activity increased by six per cent in Perth this week, with 691 transactions recorded.

The lift in sales can be attributed to an eight per cent increase in house sales and a six per cent increase in vacant land sales. However, unit sales decreased by five per cent.

(source: https://reiwa.com.au/about-us/news/perth-market-snapshot-for-the-week-ending-4-april/)

Perths medium house price two per cent in the three months to December 2016.

REIWA President Hayden Groves said reiwa.com data showed the median house price had lifted 1.9 per cent to $535,000 over the three month period.

“This is the second month in a row that we’ve seen an increase in the median house price, which is a … Read more »

Data shows property prices in mining town Karratha remain in decline, but the word on the street is that the town is beginning to thrive again.

Karratha was one of the first towns to feel the effects of the mining downturn in 2012-13.

Just as the mining boom had caused property prices to surge higher, the downturn was just as powerful in sending prices … Read more »

The CoreLogic Pain & Gain report uncovers the profits earned and the losses made from property sales over the June 2016 quarter, and reveals which locations have been the most valuable for investment. Approximately 1 in 10 properties across Australia sells for an average loss of $73,009.

Based on the June quarter findings 5.9% of capital … Read more »

Optimism surrounding housing affordability has soared in Western Australia, according to the latest Westpac Consumer Sentiment report.

The report found that although overall consumer sentiment in WA had dampened further in September, there was a 24.1 per cent increase over August in the ‘time to buy a dwelling’ index, which lifted to 137.7 – the highest level since February this year.

REIWA Deputy President Hayden Groves … Read more »

Houses and units
REIWA President Hayden Groves said Perth’s moderating housing market presented fantastic opportunities for buyers to secure property at a more affordable price with houses and units both posting declines to their median house price in the quarter.

“The median house price for the September quarter came in at $522,133, an adjustment of 4.2 per cent on the revised June quarter … Read more »

Movements in reiwa.com’s widely quoted Perth median rent are driven by the demand and supply of rental stock.

Over the past 10 years, Perth has experienced sustained periods of high demand for rental properties due to the strong migration into Western Australia, which has put pressure on rental stock and driven up rents.

Throughout 2009 and 2010 there were periods of little movement in rent prices followed by a drastic increase in … Read more »

Bundoora, 1091 Plenty Road LISTING AVAILABLE.

Architecturally, Botanic has been crafted to deliver a sophisticated and striking façade that draws upon the subtly undulating nature of the surrounding landscape.

It is a design response that unites form and function, ultimately delivering a building that is timeless, yet owns a unique style. A deliberate mix of natural textures and refined surfaces have been utilized … Read more »