WA Real Estate News
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Perth’s current property growth rate is almost twice as high as the previous cycle
Perth's market recovery is tracking at an average growth rate of 0.9 per cent per month, according to REIWA
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WA real estate agents raise $1 million to combat homelessness
WA real estate agents have partnered with the Salvation Army's Community REInvest program to assist people experiencing homelessness.
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Perth buyers soak up listings despite wet conditions in July
Perth's wet weather hasn't dampened buyers' interest, according to REIWA.
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Western Australian regional centres enjoy a spike in house prices
Eight of WA's nine regional centres have experienced growth in median house sale prices throughout the June 2021 quarter.
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Western Australia’s commercial property market is thriving
The commercial property market in Western Australia has risen from the ashes in the last financial year, according to Ray White. Ray White Commercial research has found Western Australia (WA) has greater certainty across all sectors, with tenants again occupying premises, business up and running, and low interest rates. Ray White head of research Vanessa Rader, in conjunction with Ray…
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Paulette Contessi: Going her own way
Paulette Contessi honed her customer service skills running her own restaurants, events and recruitment companies, but it’s real estate where she found her true calling.
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Perth vacancy rates hit the highest level since August last year
With an increase of 1.2 per cent in June 2021, the Perth vacancy rate is at the highest level seen since August last year.
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First home buyers fuel sales volume surge in Perth’s more affordable suburbs
Ridgewood, Madora Bay and Two Rocks are amongst the 10 Perth suburbs that have seen the biggest percentage increase in sales activity during the 2020-21 financial year. Real Estate Institute of Western Australia (REIWA) President Damian Collins said six of the 10 suburbs had more than doubled their sales tally in the 2020-21 financial year, compared to the 2019-20 financial…
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Top 10 Perth suburbs to see the biggest median house sale growth
Real Estate Institute of Western Australia (REIWA) data has revealed the 10 Perth suburbs to have seen the biggest growth to their median house sale price.
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Perth home values continue to climb in first half of 2021
Perth home values increased seven per cent in the first half of 2021, according to the Real Estate Institute of Western Australia (REIWA). REIWA President Damian Collins noted while the Perth home value index for June had only increased 0.2 per cent, the cumulative growth over the first six months of the year had been substantial. “Although the June price…
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Micro-nation Hutt River hits the market for the first time in 50 years
If you’re looking to find a safe haven from lockdowns, you might be in the market for an entire micro-nation. The historic Hutt River Province in Western Australia (WA), which once operated as a sovereign micro-nation complete with its own stamps and currency, has hit the market. Located 40km north of Northampton in WA’s North, the property comprises more than…
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Realestate 88 principal qualifies for REIWA Hall of Fame as a triple award winner
The Real Estate Institute of Western Australia (REIWA) awarded Realestate 88 Inner City Principal Brendon Habak the Top Residential Sales Agent of the Year 2021 for the third year running. Last month’s ceremony saw Mr Habak grace the stage for the third time in a row, as he took out the major REIWA award. Mr Habak was rewarded for going…
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WA extends its rent relief scheme
The WA State Government has extended the Residential Rent Relief Grant Scheme (RRRGS) which aims to help tenants facing financial hardship.
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235 Perth suburbs have median rents below their peaks
The Perth rental market is significantly more affordable than it used to be, with reiwa.com analysis showing 235 suburbs had median house rents below their peak prices in May 2021. REIWA President Damian Collins said the vast majority of Perth suburbs were more affordable for tenants than they used to be. “reiwa.com analysis shows 201 of the 235 suburbs had…
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Sales double in Perth suburbs as first-home buyer activity ramps up
New sales data reveals 10 Perth suburbs have more than doubled their sales volumes in the past year. The Real Estate Institute of Western Australia (REIWA) confirmed the March quarter saw strong sales growth across Perth. There was a 31 per cent increase when compared to the March 2020 quarter, but 10 suburbs stood out with more than 100 per…
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2021 REIWA Awards for Excellence winners announced
More than 400 Western Australian real estate professionals attended the REIWA Awards for Excellence at Crown Perth on Friday 21 May to celebrate and acknowledge the industry’s best and brightest.
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REIWA predicts state’s property values to climb higher than first thought
The Real Estate Institute of Western Australian has revised its growth predictions for the state’s property market, with its new forecast tipping values will rise by 15 per cent this year.
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Perth properties selling at fastest rate in 15 years
Properties in Perth are selling at a faster rate than they have for 15 years, according to Real Estate Institute of Western Australia data for March.
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First National recognises best in the west at WA 2020 GEM Awards
First National Real Estate’s Western Australia agents have been recognised for their achievements, with the network holding its WA 2020 General Excellence and Marketing Awards at Crown Perth on Friday night.
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REIWA welcomes end of moratorium on evictions and rental price increases
The Real Estate Institute of Western Australia has welcomed the looming end of the WA Government’s moratorium on evictions and rent price increases, with the Residential Tenancies (COVID-19 Response) Act 2020 due to expire on Sunday.
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Perth listings at 10-year low after dipping below 8000 in February
Listings for home sales in Perth dropped to a 10-year low in February, with fewer than 8,000 properties listed for sale on reiwa.com in the West Australian capital at the end of last month.
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REIWA calls on parties to prioritise rental shortages
With Western Australia’s state poll less than a month away, the REIWA is trying to put the state’s rental shortage at the top of the political agenda.
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Perth vacancy rate drops again, heading towards a forty-year-low
The residential vacancy rate in Perth has dropped again, now sitting at 0.95 per cent.
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The Pilbara agent on the cutting edge of technology
The ‘online auction guy’ – that’s what buyers and sellers in the Pilbara region are calling Realmark Karratha agent Jordan James. Jordan has been using digital property sales method
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Housing prices rise in WA’s regional centres
Western Australia's regional centres are in high demand, as eight of nine areas saw an increase in median sale price for the September 2020 quarter.
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REIWA declares ‘rental crisis’ as Perth vacancy rate hits 13-year low
Perth's residential vacancy rate has fallen to 0.96 per cent, the lowest it has been in 13 years.
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WA’s social housing plan to alleviate rental crisis
A ten-year plan to create 2,600 affordable houses across Western Australia will hopefully ease the "rental crisis" that the state looks likely to experience.
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Perth houses selling twice as quickly as last year
As yesterday's ANZ/Property Council survey showed, Western Australia's property industry is the most positive in the country, and with very good reason.
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WA property industry the most positive in Australia
The WA property industry has the most positive outlook in Australia according to the ANZ/Property Council survey for the December 2020 quarter. Overall sentiment increased to 107 index points for the quarter, a 25 point increase on the previous period. This was the largest quarterly increase in sentiment for any…
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Perth rental listings hit eight-year low
Rental listings in Perth continued to drop in September.
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REIWA point to Qld’s example as the way forward for WA
REIWA President Damian Collins has commended the Queensland Government's handling of the COVID-19 legislation
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REIWA: Dwindling vacancy rate “a recipe for disaster”
In two months, Perth’s vacancy rate has dropped from 2 per cent to 1.3 per cent, and the Real Estate Institute of Western Australia expects this figure to keep dropping – a situation they are dubbing “a recipe for disaster” for tenants looking for a rental property. “The McGowan Government’s short-sighted decision to extend the emergency period for all tenancies…
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All the winners from the 2020 reiwa.com awards
Western Australia's real estate professionals came together to celebrate the industry's best at the 2020 reiwa.com Awards Ball held at Crown Perth on Saturday 12 September.
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REIWA ‘extremely disappointed’ by extension of rental emergency period
REIWA is extremely disappointed with the WA Government's decision to extend the emergency period tenancy.
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REIWA’s post-COVID prosperity plan
“It’s clear that the property industry needs stimulus to attract buyers and investors back into the market.” That’s the message from Real Estate Institute of Western Australia, who have delivered a prosperity plan to the WA Government that they believe will set the state on the road to recovery. Below is an outline of the plan. Reform stamp duty to…
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