WA Real Estate News
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When it comes to fast, reliable and trusted Perth real estate news, there is only one true resource and that’s Elite Agent. Elite Agent is Perth’s premier destination for the latest breaking property news, as well as economic forecasts, business updates, trends and analysis, and opinions from the country’s most respected real estate news contributors that impact the way Perth real estate professionals do business.
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Record number of suburbs join Perth’s million-dollar club
Perth's property market continues to break new ground with a record 30 suburbs joining the million-dollar club in the 2023-24 financial year.
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One-minute data: Perth’s rental market shows signs of easing
Perth's rental market is showing slight signs of easing, with the vacancy rate inching up in July.
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One-minute data: Perth unit prices match 2014 peak amid soaring demand
Perth's property market is heating up, with unit prices reaching a decade-high milestone.
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Perth rents unchanged for the fourth month in a row
Perth renters are slowly starting to see conditions ease, with rents remaining unchanged for the fourth straight month.
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Keystart limits increased in WA to reflect changing buying conditions
The Real Estate Institute of Western Australia (REIWA) has welcomed the State Government’s increase to the Keystart property price and income limits.
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Housing affordability is getting worse in WA
Home prices in Western Australia aren’t looking as cheap as they used to be, with new data showing that affordability has declined again.
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Signs the rental market is easing in Perth
There are growing signs that the rental market in Perth is easing with median rents holding steady for a second straight month.
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REIWA rallies support for its annual Sleeping Bag Appeal
The Real Estate Institute of Western Australia (REIWA) is preparing to bring some warmth and comfort to those sleeping rough this winter on the back of their annual Sleeping Bag Appeal.
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Bunbury property prices lead the charge in WA
Bunbury, Western Australia’s third-largest city, is the strongest regional market in the state with house prices up 5.9 per cent in three months.
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WA Government dangles $5000 carrot to fill empty homes
The Real Estate Institute of Western Australia (REIWA) has welcomed a new State Government scheme that will offer owners of empty homes $5000 if they make them available as a long-term rental.
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Why Perth’s still not an auction market
Despite Perth property prices surging at the fastest rate in the country, agents and vendors are still reluctant to sell using the auction process.
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Relief for Perth tenants as rents remain stable
In good news for Perth tenants, rents held steady in April while rental listings also started to increase.
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Perth property could rise 20 per cent this year
The Real Estate Institute of Western Australia (REIWA) predicts that Perth property prices could potentially increase 20 per cent in 2024 as population growth continues to surge.
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Leading Perth agent to head RE/MAX Extreme South
RE/MAX will expand its presence in greater Perth this week, with the opening of RE/MAX Extreme South in Cannington.
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Arresting development: Fremantle Police Headquarters ‘cells’ for $5 million
The heritage-listed Fremantle police station in Western Australia has been sold to a private buyer after the sales team was able to successfully market the property to local investors.
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WA Rent Relief Program pays out $1 million in three months
Struggling WA renters have received more than $1 million as part of the State Government’s Rent Relief Program.
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Perth buyers forced to turn to units as market remains tight
Tight stock and strong competition are forcing Perth buyers to turn to units according to The Real Estate Institute of Western Australia (REIWA).
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First National sets ‘sale’ with a new Cannington office
First National Real Estate has launched its newest Peth agency, with experienced duo Louise and William Trainer set to spearhead the Cannington office.
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Perfect storm sees homelessness in WA soar
A “perfect storm” of soaring rents, rock bottom vacancy rates and the cost of living crisis has plunged thousands of West Australians into homelessness.
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Busselton leads the way for regional price growth in WA
The coastal community of Busselton in Western Australia’s South West was the top-performing regional centre for the December 2023 quarter according to new data.
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Eight new Perth suburbs hit the million-dollar mark
Perth’s booming property market has seen eight new suburbs hit the million-dollar median house price according to The Real Estate Institute of Western Australia (REIWA).
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Perth suburbs grow in value by more than 30 per cent
Perth was one of the hottest property markets last year, with the top-performing suburbs seeing growth of more than 30 per cent according to new data.
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Perth price growth set to continue in 2024
Perth house prices could grow as much as 10 per cent this year, with rising interest rates failing to dampen buyers’ desire for homes in the Western Australian capital.
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Perth property prices predicted to jump up to 10 per cent in 2024
Perth property prices could soar as much as 10 per cent in 2024, according to Damian Collins, who is the past president of the Real Estate Institute of Western Australia (REIWA).
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Perth house prices hit a new record high
Strong demand for property in Perth has seen the median house price hit a record high of $585,000 in November according to new data.
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WA to halve CPD requirements in proposed self-funded model.
The annual CPD requirement for real estate agents in Western Australia will be halved to five points from 2026, as part of a new self-funded model proposed by the State Government.
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WA’s new short-term accommodation rules miss the mark, industry expert claims
The short-term accommodation market has long been the “whipping boy” for the rental crisis, but a Stayz director says the sector is not to blame and new regulations the Western Australian Government has introduced will have a limited impact.
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WA rent relief to aid struggling tenants and landlords
Western Australia's peak real estate body has welcomed the State Government's new rent relief measures, saying they will provide a "circuit breaker" for struggling tenants and support worried investors.
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Perth’s crazy fast property market sees homes sell in just over a week
Perth houses are selling almost twice as fast as they were a year ago, with buyers snapping them up in a median of just eight days in October.
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Industry welcomes extension of WA stamp duty relief
The move by the WA government to extend stamp duty relief on apartments that are under construction is a step in the right direction according to the industry.
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More pain for Perth tenants as the vacancy rate tightens again
In a blow for Perth renters, the vacancy rate has fallen again after only recently showing signs that conditions were starting to improve.
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Perth listings hit the lowest level in 30 years
The supply of homes for sale across Perth has fallen to the lowest level in 30 years, with under 5,000 homes now on the market.
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World’s tallest timber tower gets the go ahead in Perth
A groundbreaking development in South Perth has received approval to become the world's tallest hybrid timber tower.
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From jockey to Property Partner: How a brush with mortality led Damian Miller to a career in real estate
It was while recovering from a fall from a horse and surgery to remove a bone tumour, that former jockey Damian Miller realised he needed more in his life than horse racing.
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Omeo Property Group’s vision coming to fruition
When Omeo Property Group launched in June this year, they had a clear vision of delivering an exceptional customer experience for buyers and sellers in Perth’s southern coastal region. One hundred days after partnering with the Agents’Agency to open their doors, that vision is well and truly coming to life. Directors Joss Egerton, Kaj Arora and David Bombara explain the…
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