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Market Updates

Why January is set to smash Perth property records!

January has always been one of the busiest times of the year for people buying, selling, or renting property. And according to figures just released by realestate.com, 476 million views of properties for sale are expected this summer, a massive increase of 39% compared to this time last year. More people at home January has …

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Rental moratorium: Where are we at?

With just over three months until Western Australia emerges from its rental moratorium, landlords are being urged to turn their attention to what they need to do to prepare. The moratorium, which ends on March 28, was introduced by the State Government to stop tenants from being dumped onto the rental market during the pandemic. …

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Renewed calls for stamp duty reform

Low interest rates and a stable pandemic environment means Western Australia is experiencing one of the strongest real estate markets in the country. But, according to Jones and Co director Kelly Jones, the market could be even more buoyant if the stamp duty barriers weren’t so prohibitive. “We meet many locals who would appreciate the chance to …

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Property market set for open border influx

With the borders now open, there’s no festive lull in sight for the Perth property market. Jones and Co director Kelly Jones said her team was preparing for the market influx and a significant pressure on prices over the next six months. “And WA’s border opening up also means there’s potentially even more people in …

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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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