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WA is in a prime position for residential real estate, whether you are a buyer, seller or investor.
PERTH
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Property developers are knocking Perth homes down and subdividing blocks at an increasing rate.
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After months of a listings drought and fierce competition for houses, Perth may finally be on the cusp of a sales bonanza
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More land in Perth’s CBD could go on the market as part of a new direction by the City of Perth.
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The Perth home value index increased almost five per cent in the first three months of the year.
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Redevelopment of the crumbling South Fremantle power station could be the key to unlocking a strip of prime coastal land stuck in development purgatory.
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Labour shortages are creating price pressure in the Perth rental property market.
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There have been more homes pushing into the $1 million value or above, with 218 new suburbs joining the club.
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The Real Estate Institute of WA has forecast 15 per cent growth for Perth property this year but some local suburbs are on track to exceed that.
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Stronger wage growth coupled with lower interest rates has given Western Australia the economic capacity to achieve substantial rises in property values.
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While it is extremely difficult to get a rental, it is good to know that there are still areas where the rent is affordable in Perth.
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Perth’s booming housing market has led to a rise in the number of properties going under the hammer.
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