Business News The capital has lost its status as the nation’s fastest growing city for house prices, pipped by Adelaide and Darwin in January. Perth’s house prices are no longer growing at the fastest rate in the nation, CoreLogic’s latest home value index shows. In January, median values in the Western Australian capital were up […]
Australian Property Investor Inflation has taken a bigger than expected fall in data released today, placing more pressure on the Reserve Bank of Australia to cut interest rates on 18 February. The most politically sensitive data released by the Australian Bureau of Statistics (ABS) in some years, with an election looming and mortgage holders under […]
The West Australian When COVID-19 disruptions caused inflation to shoot up, so did the cost of building new homes. So, as inflation returns to normal, why are construction costs accelerating again? It’s a dilemma that is throttling the industry and preventing it from delivering the new supply needed to ease housing affordability. When COVID-19 disruptions […]
The West Australian Thresholds for Keystart home loans will be lifted to reflect surging Perth property prices and make the market more accessible for first homebuyers. The West Australian can reveal housing — a key battleground ahead of the March 8 election — will be in focus when the Cook Government delivers its pre-Christmas budget […]
The West Australian Property prices will grow an average 8 per cent in 2025, according to five top forecasters, with one foreshadowing the median house value will be close to $1 million by the end of next year. The forecasters have rejected recent claims that Perth property has hit a wall, saying the rally is […]
The median time to sell a house in Perth has risen to 13 days in November, up from the nine days recorded for most of 2024. REIWA chief executive Cath Hart said median days on market had been rising for the past few months, and the change reflected the increase in the number of listings […]
The West Australian First homebuyers have become a major election battleground, with the WA Nationals vowing to cover settlement fees and accusing the Cook Government of blocking access to assistance grants. The West Australian can reveal the number of first homebuyers accessing full stamp duty relief has halved since 2021-22, with only 4029 people exempt […]
The West Australian New data from the Australian Bureau of Statistics shows that inflation has failed to drop in the month of October in a sign that prices are yet to come under control. The headline figure of 2.1 per cent is broadly in line with economist forecasts but the more important trimmed mean, which […]
ABC Federal Housing Minister Clare O’Neil has swung her weight behind a Business Council of Australia push for states to scrap stamp duty and ease the housing crisis by removing barriers to property transactions. “It’s a really good idea,” Ms O’Neil told ABC Radio National on Tuesday. “Stamp duty is a bad tax. It prevents […]