Notes from the Perth market.
Market updates, practical guides for owners and tenants, and news from around AZ Property.
Perth’s vacancy rate remains stable
Perth’s vacancy rate held steady at 0.7 per cent in October, according to REIWA data.
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Perth weekly market snapshot for the week ending 26 Nov 2023
Sales transactions in Perth last week were 13.6 per cent higher than the previous week, with REIWA members reporting 1,068 transactions.
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Residential Tenancy reforms introduced to Parliament
On 29th November, the West Australian Government has introduced legislation into Parliament which proposes a series of residential tenancy law reforms that will directly affect landlords, property managers and real…
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Perth property prices continue to break records
Perth’s median house price reached a new high of $585,000 in November as houses continued to change hands in record time.
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The only way was up for WA property prices in the September quarter
Median house and rent prices rose in Perth during the September 2023 quarter, according to the latest REIA Real Estate Market Facts.
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Housing upswing carries into 2024 with national dwelling values rising 0.4%
Australia’s housing upswing continued through the first month of 2024 with CoreLogic’s national Home Value Index (HVI) rising 0.4% in January. Up from the 0.3% increases seen in November and December, this marks the…
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What are your rights as a first home buyer?
If you are ready to take the plunge into buying your first home, you may be wondering, after the last few years of increasing property prices, if now is the right or wrong time to get yourself on the property ladder.
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Top 3 tips for getting yourself buy ready in 2023
If you are thinking of buying a property in the new year, now is the time to start preparing.
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Buying off-the-plan? Here are the top 10 benefits
Whether buying an investment or a home to live in, an off-the-plan apartment can offer many perks.
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Should I buy a house now or wait until 2023?
With interest rates rising, many home buyers might be deciding whether to buy now, or to hold off for a few months to see if prices fall in 2023. As yet, we’re not seeing demand drop off significantly here in Perth and…
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Rightsizing: The 5 things you need to consider
Forget upgrading or downsizing – there’s a new lifestyle shift we’re seeing a lot, called ‘rightsizing’. It’s when home buyers (families even) decide to swap their high maintenance houses for spacious luxury apartments.…
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