WA Real Estate News
-
Perth’s median house price increases again in December: REIWA
Perth’s median house price increased by nearly two per cent in the three months to December 2016. REIWA President Hayden Groves said reiwa.com data showed the median house price had lifted 1.9 per cent to $535,000 over the three month period. “This is the second month in a row that we’ve seen an increase in the median house price, which…
Read More » -
Perth real estate starting to bounce back: Raine & Horne
After a sequence of flat years due to the resource sector downturn, there are early signs Perth’s property market is turning a corner, according to leading real estate group, Raine & Horne. “Economic reports in January and February will set the tone for a 2017 rebound,” said Craig Abbott, General Manager WA, Raine & Horne. “The key factors we’ll be…
Read More » -
WA housing affordability shows notable improvement over the year
Housing affordability in Western Australia experienced a minor decline in the September quarter, but has improved over the year, according to the latest Housing Affordability Report by the Adelaide Bank and Real Estate Institute of Australia. REIWA President Hayden Groves said the report showed that while the proportion of income required to meet loan repayments in WA had increased by…
Read More » -
Tax reform on the agenda for REIWA’s State Election campaign
In the lead up to the 2017 State Election, REIWA will be campaigning for the reform of property taxes to help make home ownership a reality for more West Australians. REIWA President Hayden Groves said the Institute would be engaging with the WA community via surveys and polls throughout the campaign period. “It’s incredibly important that the local community have…
Read More » -
REIWA Awards for Excellence 2016 Winners Announced
The Real Estate Institute of Western Australia hosted more than 400 real estate professionals at a formal dinner at Crown Perth on Wednesday night to recognise excellence in real estate. REIWA CEO Neville Pozzi said the awards provided the Institute with the opportunity to recognise and celebrate the very best in the industry. “This year, we received a record number…
Read More » -
Perth Leasing Market Spikes, REIWA
The Perth property market saw a surge in the number of leased properties in August, with a 17% spike recorded by the REIWA. According to reiwa.com data, the jump in leasing activity for the month was coupled with a 3% drop in the number of properties available for rent. REIWA President Hayden Groves says the rental market in Perth has…
Read More » -
Secrets to success from WA’s home grown real estate heroes
The recent Home Grown Heroes seminar in Perth featured the stories of several successful WA agents – some have overcome hardships and rebuilt their lives and others have quickly carved out successful careers. Here, we look at three of those speakers and reveal their secrets to success. Lara Sadowski, Geraldton Property Group Despite a long string of setbacks in her…
Read More » -
ADL Software in WA delivers new electronic sales contracts
Residential Sales Contracts are now available as part of ADL’s WA Residential Sales Package. Two new contracts available are designed for ease of use and to provide certainty in real estate transactions. The two contracts available are the Contract for the Sale of a Residential House and Land and Contract for the Sale of a Residential Lot in a Strata Title…
Read More » -
First National supports community by renewing Wildcats partnership
First National Real Estate and the Perth Wildcats have extended their long term partnership for at least another three seasons. Since 2012, First National has been the Perth Wildcats partner, dedicated to promoting the value of teamwork and supporting the local community. Two-time championship head coach Trevor Gleeson has also re-signed up with the Wildcats for three more seasons. First…
Read More » -
REIWA: Pockets of positivity in Perth’s challenging rental market
Perth’s North East sub-region was the stand out performer in the Perth rental market in the June 2016 quarter, recording a 4.7 per cent increase in leasing activity. REIWA President Hayden Groves said while the number of leased properties in the overall Perth market for houses and units declined 5.2 per cent in the June quarter, it was pleasing that…
Read More » -
Chinese Developer Sets New Record with $30.8 Million Box Hill Purchase
Neighboring not-for-profit organisations – Navy Health and Scope – have sold their adjoining Box Hill properties for just over $30 million to a single Chinese developer, setting a new record of almost $12,000 a square metre of land. According to Savills State Director Clinton Baxter, who brokered the sale of the 2,650 square metre site with Director, Nick Peden, and…
Read More » -
Mandurah Large Format Retail Centre Sold for $13m
A high profile, large format retail centre at the gateway to Mandurah – Western Australia’s fastest growing city – has sold for $13 million through Knight Frank and Raine & Horne Mandurah. The successful purchaser was the well-established Perth based investor and syndicator Sullivan Property Consultants. Located on the corner of Mandurah Terrace and Mandurah Road at the northern entrance…
Read More »