Business News A funding boost from the federal government’s $10 billion housing fund is set to trigger the construction of 515 social and affordable homes in Western Australia. Federal Housing Minister Clare O’Neil tonight announced that the WA government would receive funding via the latest round of the Housing Australia Future Fund. This will enable […]
The West Australian Perth’s median dwelling price has hit a new peak of $836,000 after jumping $65,000 over the past year — more than most households can save — with anticipated interest rate cuts set to further buoy the market. PropTrack’s latest price index, set to be released on Tuesday, shows Perth’s astonishing property marathon […]
Business News A growing number of Western Australians are experiencing housing stress and supply is failing to keep up with demand, new research shows. The Bankwest Curtin Economics Centre’s latest housing affordability report reveals that more than 210,000 WA households consider their housing unaffordable, representing a 91 per cent uplift in two years. The report […]
The West Australian Perth’s staggering run of rental increases has finally come to an end, with median house rents dropping for the first time since late 2021. New Figures from the Real Estate Institute of WA shows April rental price drop shaved 1.4 per cent off the weekly rent for houses — or $9.50 — […]
Australian Property Investor The measure of inflation most carefully watched by the Reserve Bank of Australia has fallen within the central bank’s preferred range for the first time in four years. Trimmed mean annual inflation fell to 2.9 per cent from 3.3 per cent during the previous quarter, marking the first time that trimmed mean […]
Business News The capital has lost its status as the nation’s fastest growing city for house prices, pipped by Adelaide and Darwin in January. Perth’s house prices are no longer growing at the fastest rate in the nation, CoreLogic’s latest home value index shows. In January, median values in the Western Australian capital were up […]
Australian Property Investor Inflation has taken a bigger than expected fall in data released today, placing more pressure on the Reserve Bank of Australia to cut interest rates on 18 February. The most politically sensitive data released by the Australian Bureau of Statistics (ABS) in some years, with an election looming and mortgage holders under […]
The West Australian When COVID-19 disruptions caused inflation to shoot up, so did the cost of building new homes. So, as inflation returns to normal, why are construction costs accelerating again? It’s a dilemma that is throttling the industry and preventing it from delivering the new supply needed to ease housing affordability. When COVID-19 disruptions […]
The West Australian Thresholds for Keystart home loans will be lifted to reflect surging Perth property prices and make the market more accessible for first homebuyers. The West Australian can reveal housing — a key battleground ahead of the March 8 election — will be in focus when the Cook Government delivers its pre-Christmas budget […]