Notes from the Perth market.
Market updates, practical guides for owners and tenants, and news from around AZ Property.
Perth vacancy rate remains low, more rent rises are a certainty
“REIWA property managers often counsel property owners on the importance of retaining good tenants, noting that if you increase the rent sharply now, tenants may seek to end the lease when rents start to fall, as they…
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What the surprise rate rise means for the market
Experts say the Reserve Bank's shock decision to raise interest rates again will weigh on buyer confidence. However, with the supply of properties for sale still very tight, it may prove to be a mere 'speed bump' in the…
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Overseas interest in Aussie properties has surged to record levels as migration hits highest point in three years.
Searches from overseas for properties to buy and rent on realestate.com.au (http://www.realestate.com.au/) last quarter reached their highest level since PropTrack records began in 2019.
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Property investors: The ATO has a new weapon and it has you in its sights
The end of the financial year is just around the corner and the Australian Tax Office has got its eye on property investors.
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10 benefits of buying an off-the-plan apartment
Whether buying an investment or a home to live in, an off-the-plan apartment can offer many perks.
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Is there a shortage of homes for sale?
With active listings in Perth dropping below 5,500 this week, there are concerns we’re facing a shortage of homes for sale.
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When property prices could peak again if pace of growth continues
New analysis of the Australian property market has revealed national home prices could return to positive annual growth as early as next month, if the current growth trajectory continues.
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Is winter the hot time to sell this year?
Over the first five months of 2023, national property prices increased by 1.5% (https://www.realestate.com.au/insights/proptrack-home-price-index-may-2023/). Aside from Darwin, all capital cities saw prices rise in May,…
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Don’t become a victim: avoid rental scams with these tips
Scammers are continuing to target tenants desperately seeking a rental property in today’s tight market.
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Perth weekly market snapshot for the week ending 2 July 2023
Sales transactions increased in Perth last week, with REIWA members (https://reiwa.com.au/agent-finder/) reporting 891 transactions. A closer look shows house sales remained stable while unit sales decreased by 2 per…
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7 questions to ask before buying house and land
Building a new home is exciting, but it's a big job requiring important decisions to be made.
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5 reasons why now could be the time to build your first home
If you’re keen to stop renting and start owning, even in a tricky market, the leap is possible.
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