The Property Tribune Interest rate rises, higher property prices and rent increases have made housing less affordable in Western Australia according to new report Housing Affordability in Western Australia 2023 from the Bankwest Curtin Economics Centre (BCEC). The report found that increased housing demand, driven by factors such as population growth, has been putting extreme pressure on rental […]
Read more
The Sunday Times The Australian Prudential Regulation Authority (APRA) has announced it is considering reducing the seven per cent oor on serviceability calculations for residential mortgages, instead allowing banks to assess loans at 2.5 per cent above current rates. Currently, APRA requires lenders to assess whether or not a consumer can afford a loan […]
Read more
Business News The capital growth potential of Western Australia’s undersupplied residential sector, coupled with its relative affordability compared with other states, is proving attractive for an increasing number of investors. WA has experienced an influx of eastern states capital into its housing market during the past few years, and investment from that cohort has remained […]
Read more