Market Updates

Strong growth forecast for property in 2021

WA’s property market is expected to experience steady growth in 2021 in both rental and sales markets, according to the Real Estate Institute of WA. REIWA 2021 Outlook figures released today indicate Perth rents are forecast to increase 10-15 per cent next year and house prices 6-10 per cent because of strong demand, record low …

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Buyer surge as Perth becomes most Googled

Perth is the most Googled Australian city for prospective homebuyers and buyer activity is tracking 40 per cent higher than at the same time last year. The Real Estate Institute of WA (reports that nearly half of Perth’s suburbs recorded price growth in August and listings are continuing to tighten across all property types. Search …

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Hotline for landlords as rent laws extended

Hotline for landlords as rent laws extended A hotline for landlords has been created to help with pandemic-related tenancy issues, following the decision to extend the moratorium on rental increases until March 28, 2021. The emergency residential tenancy laws are helping those in private and public housing, residential long-stay parks, as well as boarders and …

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Buyers should act sooner rather than later

Western Australia is still the most affordable State in the country to buy or rent a property. REIWA President Damian Collins said consistent strong demand meant it was now a favourable time for both homebuyers and investors to get into the market before prices started to pick up. “This is an exciting time for potential …

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WA urged to follow Canberra’s lead on stamp duty reform

Real estate industry leaders are urging Western Australia’s major political parties to follow Canberra’s lead and abolish stamp duty. Jones and Co director Kelly Jones said Canberra was leading the nation on stamp duty reform, but in Western Australia the tax remained the most substantial barrier to homeownership. She said a buyer of a $500,000 …

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