WESTERN SUBURBS WEEKLY
With 2017 a year of stabilisation for the property market here, I expect 2018 will be a year of moderate growth. New construction activity, along with declining levels of stock on the market, provides strong evidence that we are headed into a market recovery phase.
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A SUMMARY FROM THE INSTITUTE’S LATEST ECONOMIC AND HOUSING MARKET UPDATE KEY POINTS Markets put chance of August rate cut at 64 per cent. Housing investment surges in May. House price expectations decline, but remain optimistic nonetheless. Perth and Pilbara rental listings increase. New dwelling finance at 19 year high. First home buyers increasingly look […]
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THE STATE GOVERNMENT’S RECENT ANNOUNCEMENT OF PRIORITISING THE AIRPORT TRAIN LINE AND MAX LIGHT RAIL OVER THE NORTHERN EXTENSION AS WELL AS THE TRAIN LINE TO ELLENBROOK AND THE “KNOWLEDGE ARC” LIGHT RAIL PROJECT, HIGHLIGHTED THE CHALLENGES ASSOCIATED WITH PUBLIC TRANSPORT PLANNING. The major transport decisions around rail (both light and heavy) fall into three […]
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