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The 0.25 percentage points interest rate rise is unlikely to derail the WA established homes market, REIWA CEO Cath Hart said.
REIWA CEO Cath Hart said the speed of sales reflected the incredible demand for established homes.
WA’s house prices will achieve moderate price growth over 2023, with the median potentially reaching $580,000 by the end of the year.
The top five highlight buyers' appetite for homes at the lower end of the market, with four of the top five streets sitting under the Perth median house price of $570,000.
REIWA CEO Cath Hart said new measures extending land tax exemptions represent a welcome saving for people currently building new homes or renovating.
The reforms are a key pillar of the Cook Government’s plans to boost housing supply to align with plans recently agreed to by National Cabinet.
REIWA CEO Cath Hart today welcomed the Cook Government’s announcement of a dedicated Housing Supply Unit as part of its measures to boost housing supply and affordability in WA.
Whether you’re downsizing, a first home buyer or family; seeking inner-city living, proximity to the beach or million-dollar views (without the price tag), there’s something to suit everyone.
REIWA Research has crunched the numbers to view the changes in the various market segments and you might be surprised to see where the action is.
Buyers of apartments under construction that sign an eligible contract will receive a concession of up to 75 per cent of the concession currently available for off-the-plan purchases.
While Perth’s vacancy rate rose in the June 2023 quarter it still remained among the lowest in the country, according to the latest REIA Real Estate Market Facts.
In WA the proportion of family income required to meet loan repayments rose 0.4 percentage points to 35 per cent over the quarter.