Category: Affordability
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Perth’s urban sprawl is growing. Can its infrastructure keep up?
WA Today Perth residents are more likely to build a home further from the city centre, new data shows, as the state’s population balloons and household budgets shrink. The area with the most new building…
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State receives affordable housing boost
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…
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Perth in property marathon as price jumps $65,000 over the year
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…
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Housing affordability declining: BCEC
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…
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Perth rental market finally cooling off for first time since 2021 after staggering run of price increases
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…
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Inflation lands in RBA’s target range for first time in four years
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…
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Perth house price growth slows
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…
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Inflation takes a tumble, with an interest rate cut now appearing certain
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…
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Housing affordability blow as construction costs go up
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…