WA Today The cost of building a new home in Perth has continued to climb, pushing the city’s depleted established residential property market to new highs. CoreLogic’s latest Cordell Construction Cost Index, which tracks the cost to build a typical new dwelling, showed residential construction costs grew 1 per cent over the September quarter, in […]
Business News Nearly 40 per cent of a family’s income is needed to afford a house in Western Australia, industry data for the past quarter shows. The Real Estate Institute of Australia Housing Affordability Report shows 39.5 per cent of family income was needed to meet loan repayments in the state, based on a median […]
Australian Property Investor Property prices are in decline in almost 30 per cent of Australian suburbs, a fact that a surprisingly high proportion of Australians regard with a sense of relief. The past three months have seen some heady capital growth in a few cities but a surprisingly high proportion of 3,655 suburbs analysed across […]
The West Australian REIWA has boldly predicted Perth’s median house price will smash new records in 2025, potentially reaching $740,000 by the year’s end. It comes as the Real Estate Institute of WA’s latest quarterly update shows the city is on track to achieve growth of more than 20 per cent over 2024. To read […]
Australian Broadcast Corporation Australian house prices have risen for a sixth straight quarter, according to analysis by Domain. Over the June quarter, new record prices were set in Sydney, Brisbane, Adelaide and Perth. And with a 7 per cent annual rise in homes on the market, sellers maintained their confidence in the strength of the […]
The Property Tribune Housing choice is the key to accommodating the modern first home buyer, according to industry experts. There has been an evolution in the housing needs of this critical portion of the market, due to changing demographics, as well as economic circumstances that are making it harder to get a foot on the […]
Australian Property Investor Magazine Western Australia has taken a major step towards tackling the housing crisis that is wreaking havoc across the country. The state is scrapping rules around the building of granny flats in suburban back yards as it tries to increase urban density, slow urban sprawl and bring more housing stock to the city with […]
The Property Tribune With an aim of creating a benchmark project that leaves a positive legacy, Orana by Balcon Group has been designed with sustainability and longevity in mind. Once complete the project will include over 4,000 new homes, making it the largest masterplanned community in the City of Casey in Victoria, a factor that […]
PerthNow Perth’s real estate market was defined by record-breaking moments in 2023. Amid strong buyer demand for established homes, listings took an unprecedented dive, the median house price soared to a new high and properties changed hands at a record-blistering pace. Additionally, the average rent reached a new peak. Now, arriving in 2024, what can […]