Notes from the Perth market.
Market updates, practical guides for owners and tenants, and news from around AZ Property.
Changes to foreign residents capital gains withholding
The ATO has introduced changes which affect all Australian residents selling property. All Australian residents selling property will need to get a clearance certificate from the ATO or risk 15% of the sale price being…
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Perth Hub Completes Construction, Transforming the Northern End of Perth CBD
Perth, December 2024 – The 30-storey Perth Hub high-rise in the City Link precinct has successfully completed construction, marking a significant milestone in Perth’s urban development. Developed by Far East Consortium,…
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A Transformative Opportunity Arrives at Perth Hub
Perth Hub revitalises the CBD-Northbridge connection for the first time in more than 100 years.
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Benefits of Buying an Apartment Over a House or Land
The Rise of Apartment Living: Why More Australians Are Choosing High-Density Living
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Property prices shooting up again as Perth Soars!
The pace of national property price rises has taken off again, with the three red hot capitals - Perth, Adelaide, Brisbane - leading the charge and only one state capital regressing.
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WA Rent Reforms - balancing the rights of tenants and landlords
To balance the rights of tenants and landlords and protect consumer interests, the Western Australian government passed the Residential Tenancies Amendment Act 2024 on April 16, 2024. This act will be implemented in…
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2024-25 State Budget offers welcome support for first home buyers
REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today, especially increased thresholds for the First Home Owner Transfer Duty Concession.
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Perth rents unchanged for fourth month
The long-term tightness in the Perth rental market has been slowly moderating, with median rents unchanged since March.
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A nation divided: Why prices are surging in half the capitals while the others are lagging
Property price growth has diverged across Australia, with values still rising rapidly across much of the country but slowing down overall.
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Housing affordability declines as property prices continue to rise
Housing affordability in Western Australia declined over the June 2024 quarter.
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Perth smashes house price records, crosses $700k median for first time
Perth’s housing market is leading the nation to record a double-digit increase over the year and set a new record median of $713,811.
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East or West? Australia's best place to invest
According to ABS lending indicators, at a state level NSW is receiving the bulk of the interest, with investors accounting for 38% of the value of new mortgage lending across the state.
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