WA

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  • Photo of REIWA declares ‘rental crisis’ as Perth vacancy rate hits 13-year low

    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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  • Photo of WA’s social housing plan to alleviate rental crisis

    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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  • Photo of Perth houses selling twice as quickly as last year

    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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  • Photo of WA property industry the most positive in Australia

    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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  • Photo of Perth rental listings hit eight-year low

    Perth rental listings hit eight-year low

    Rental listings in Perth continued to drop in September. …

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  • Photo of REIWA point to Qld’s example as the way forward for WA

    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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  • Photo of REIWA: Dwindling vacancy rate “a recipe for disaster”

    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… …

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  • Photo of All the winners from the 2020 reiwa.com awards

    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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  • Photo of REIWA ‘extremely disappointed’ by extension of rental emergency period

    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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  • Photo of REIWA’s post-COVID prosperity plan

    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… …

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  • Photo of Perth rentals moving the fastest since 2015 mining boom

    Perth rentals moving the fastest since 2015 mining boom

    In August 2019, it took a median of 34 days to lease a property in the Greater Perth region. This August, it only took 21 days, meaning that properties are turning around two weeks' less than this time last year. Reiwa.com data shows this is the quickest uptake rate since… …

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  • Photo of REIWA says east coast property woes won’t impact WA

    REIWA says east coast property woes won’t impact WA

    Despite property woes in capital cities across the east coast, Real Estate Institute of WA (REIWA) president Damian Collins cannot see Western Australian property prices following the same trend. "Any agent in Perth they will tell you they are reasonably optimistic because stock is selling at better prices than six… …

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  • Photo of RE/MAX appoints Business Growth Manager

    RE/MAX appoints Business Growth Manager

    After the successful transition of WA offices into its national network, RE/MAX Australia this month announced the appointment of experienced real estate professional Donna Goddard to the corporate team. Ms Goddard is Perth-based in the role of Business Growth Manager, WA. She has longevity in the Australian real estate landscape… …

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  • Photo of Perth vacancy rate drops to a 12-year low

    Perth vacancy rate drops to a 12-year low

    The Perth rental market's vacancy rate has dropped to 1.6 per cent, the lowest rate since March 2008. The Real Estate Institute of WA (REIWA) warns that a vacancy rate of around 3 per cent strikes the ideal balance between supply and demand, but there are currently 50 per cent… …

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  • Photo of Perth sales activity increased 68% from April low

    Perth sales activity increased 68% from April low

    Despite the value of homes dropping across Australia, sales activity in the Perth metro region increased by 68 per cent in July compared to April. According to REIWA data, the increase was across both dwellings and land sales. "While there are no surprises with the increase in land sales for… …

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  • Photo of REIWA: Emergency period tenancy legislation “needs to end”

    REIWA: Emergency period tenancy legislation “needs to end”

    As the ACT becomes the first state or territory to extend its emergency period tenancy legislation, Damian Collins, president of the Real Estate Institute of Western Australia (REIWA), has said there is no need for the legislation to be extended in Western Australia. Mr Collins believes the legislation should end… …

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  • Photo of Pets, provisions, periodic leases: the proposed changes to WA Residential Tenancies Act

    Pets, provisions, periodic leases: the proposed changes to WA Residential Tenancies Act

    Ahead of an upcoming review of the WA Residential Tenancies Act, REIWA has released a list of policy options they hope will "help reinvigorate the rental market". While they state that few aspects of the current rental legislation require "a complete overhaul" and that it is "generally working well," they… …

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  • Photo of $116m land package to benefit regional WA

    $116m land package to benefit regional WA

    A new package aimed at stimulating real estate investment in regional Western Australia will be rolled out over the next few weeks. The McGowan government announced the $116 million Regional Land Booster package with the goal of “boosting the economy, creating regional jobs and assisting regional businesses to recover from… …

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  • Photo of REIWA joins call to remove stamp duty

    REIWA joins call to remove stamp duty

    Following on from last week's Thodey Report, which recommended that NSW stamp duty should be replaced by land tax, REIWA has called upon Western Australia to do the same. "Described in the report as an 'unfair and damaging tax', stamp duty is the wrong tax for rebuilding the State Governments'… …

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  • Photo of Perth sales hit a five-year high

    Perth sales hit a five-year high

    Perth is coming off its strongest month for sales since 2015, with transactions in June up 55.1 per cent from May. REIWA data shows that land sales in particular rose a striking 289 per cent from the previous month, with 1471 blocks sold. Dwelling transactions rose 15 per cent from… …

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  • Photo of Perth weekly sales transactions hit seven-year high

    Perth weekly sales transactions hit seven-year high

    Data from reiwa.com has revealed over 1000 sales transactions occurred in greater Perth for the week ending 21 June 2020 - almost double the 52-week average of 539 sales per week and the highest level of activity seen since June 2013. REIWA President Damian Collins said the Perth metro market… …

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  • Photo of REIWA Awards recognise best in the west

    REIWA Awards recognise best in the west

    REIWA has recognised Western Australia's top real estate achievers for 2020, with this year's event streamed to hundreds of people. REIWA CEO Neville Pozzi said during a difficult and evolutionary year within the industry, the awards were more important than ever to showcase the fantastic work that has been achieved.… …

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  • Photo of ‘Use grants wisely’: property investment consultancy advises first-home buyers

    ‘Use grants wisely’: property investment consultancy advises first-home buyers

    New building stimulus measures introduced by the Federal and WA State Governments are driving a significant rise in first-home buyer inquiry, according to reports from Perth-based property investment consultancy, Momentum Wealth. Combined with the existing First Home Owner Grant and duty concessions, the Federal HomeBuilder Scheme and State Building Bonus… …

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  • Photo of Off-market listings app changing how WA buys and sells property

    Off-market listings app changing how WA buys and sells property

    With an increasing number of sellers enquiring about off-market listings, an app has been modified to provide West Australians with a new and discreet way to buy and sell property which may not otherwise come to market. REIWA CEO Neville Pozzi said due to the current economic conditions many people… …

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  • Photo of Building bonus fails to address the big impediments to job creation: REIWA

    Building bonus fails to address the big impediments to job creation: REIWA

    REIWA has expressed disappointment that the Federal and State Government's building bonus schemes failed to address the biggest impediment to job creation and hurts those who can afford it least. REIWA President Damian Collins said the Institute understands that HomeBuilder and the WA Building Bonus Scheme are aimed at providing… …

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  • Photo of Perth rental stock dropping rapidly

    Perth rental stock dropping rapidly

    Perth's rental stock has been quickly absorbed, with listings falling by 17 per cent in May to 4,676 – the lowest they have been since November 2013. REIWA President Damian Collins said despite speculation about a potential challenging real estate market, according to the May reiwa.com data overall it is… …

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  • Photo of Buyers win online auction while camping

    Buyers win online auction while camping

    A Broome property has sold entirely online to buyers who were 934kms away, camping at Karijini National Park.  Using the digital sales process Openn Negotiation, Lana Ziverts of First National Real Estate Broome facilitated the sale remotely while her sellers watched on from the other side of the country. The… …

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  • Photo of REIWA hopeful stamp duty on the WA election agenda

    REIWA hopeful stamp duty on the WA election agenda

    The REIWA has welcomed the West Australian Liberal Party's commitment to a state tax reform, in the hope the removal of stamp duty may be on their agenda. REIWA President Damian Collins said stamp duty is the single biggest hurdle for prospective home owners and a reform is urgently needed… …

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  • Photo of Clarity in a crisis – Realmark Whitfords

    Clarity in a crisis – Realmark Whitfords

    “We appreciated very early on that as a business we would be measured in the future by our response to Covid-19,” Paula and Jonathan Alsford – Realmark Whitfords When panic surrounding Covid-19 began to filter through the West Australian real estate market, Realmark Whitfords owners Paula and Jonathan Alsford made… …

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  • Photo of WA announces rent relief package

    WA announces rent relief package

    The Real Estate Institute of Western Australia has welcomed the McGowan Government’s announcement for rent assistance to help property owners who have been left to burden the costs of those struggling to make their rent payments due to the impacts of COVID-19.   REIWA President Damian Collins said last week legislation… …

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  • Photo of Realmark makes proactive move online

    Realmark makes proactive move online

    A recent investment in technology will come to the fore at WA's Realmark Group should the need arise to work remotely as a result of the coronavirus pandemic. The Realmark Group has worked to proactively implement working from home for teams, rolling out procedures and policies last week to ensure… …

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  • Photo of REIWA calls for safeguards in wake of coronavirus

    REIWA calls for safeguards in wake of coronavirus

    REIWA is urging the state government to consider additional rent assistance for residential tenants who lose their jobs and safeguards for landlords if the tenant can no longer afford to pay rent as a result of the coronavirus pandemic. It comes as welfare and arts bodies call for a ban… …

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  • Photo of Perth CBD leads the way as office market gains momentum

    Perth CBD leads the way as office market gains momentum

    The Perth office markets are gaining momentum despite little improvement in Western Australia's employment and population situation, according to Ray White’s latest Between the Lines commercial research. The report notes that, after several years of reduced sentiment and pressure on the office markets, Perth has started its recovery mode.“During the latter… …

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  • Photo of WA GEM Awards winners announced

    WA GEM Awards winners announced

    First National Real Estate's Western Australia estate agents were presented with their General Excellence and Marketing Awards at Crown Perth on Friday night. The awards celebrated the outcomes achieved by the state's agents throughout 2019, with top 10 individuals and offices now vying for National GEM Awards, which are announced… …

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  • Photo of Perth rents increase and sales set to follow

    Perth rents increase and sales set to follow

    Perth has recorded its first increase in rental prices the Western Australian property market has seen since January 2017, and sales are predicted to follow suit with the market showing a strong gradual improvement over the last four months. According to the Real Estate Institute of Western Australia, Perth's median… …

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