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Why Buyers Are Rethinking the Great Aussie Dream 🔹 The classic belief that houses hold the strongest capital growth is being challenged in 2025.🔹 Apartments are stepping into the spotlight—and in many suburbs, they’re outperforming houses. Recent research from Nuestar and Hotspotting shows a shift in buyer priorities, with 62.9% of apartment markets across Australia recording the same or high...
Source: REIWA, 3 June 2025 The Perth property market continues to show strong growth across both sales and rentals, with May seeing another lift in median prices. Here’s a breakdown of what’s happening in the market right now: 🔹 House & Unit Prices Keep Rising May saw Perth’s median house price increase by 0.6% to $780,000, marking an 18% rise over the past year. Units also saw solid gro...
In welcome news for many Western Australians doing it tough, the WA Government has extended its Rent Relief Program by six months, now running through to 31 December 2025. Originally due to end in June 2025, this extension aims to continue supporting those most at risk of losing their housing during a period of ongoing cost of living pressures. 🔹 What is the WA Rent Relief Program?The p...
Perth’s property market has shown strong momentum over the past week, with both sales and leasing activity on the rise. 🔹 Sales Market OverviewSales transactions jumped 10.8% week-on-week, with 1,017 total sales reported across the Perth metropolitan area. Breaking it down:• House sales rose by 10.4%• Unit sales increased 9.8%• Land sales surged by 19% 📍 Top Suburbs for Sales Baldivis – ...
Changes to the stamp duty thresholds announced by the Cook Government in March are now live. First home buyers will now pay no stamp duty on homes valued up to $500,000 (previously $450,000). If the value of the home is between $500,000 and $700,000 (up from $600,000) in the Metropolitan or Peel regions, they will pay a concessional rate of $13.63 for every $100, or part of $100, by ...
Housing affordability declined in Western Australia over the December 2024 quarter. The latest Real Estate Institute of Australia (REIA) Housing Affordability Report showed the proportion of family income required to meet loan repayments in Western Australia increased 2.5 percentage points over the quarter to 42.5 per cent. This was an increase of 5.6 percentage points year-on-year, b...
REIWA CEO Cath Hart has welcomed the WA Government’s announcement of increased stamp duty thresholds for first home buyers. “REIWA has consistently been advocating for an increase to the stamp duty thresholds for first home buyers,” Ms Hart said. “Strong population growth and low building completions have seen the WA property market experience sustained price growth over recent years...
Sales transactions in Perth last week were down 4 per cent on the previous week, with REIWA members reporting 903 transactions. A closer look shows house sales were up 4.9 per cent compared to the week prior, unit sales were down 26.5 per cent and land sales were down 16.7 per cent. Top performing suburbs – sales 1. Baldivis – 19 2. Byford – 14 3. Gosnells – 12 4. Nollamara – 12...