Market Update

Perth’s Housing Market on the Rise: Potential for 20% Increase in 2024

According to the latest update from the Real Estate Institute of Western Australia (REIWA), Perth's median house sale price could potentially increase by 20% between January and the end of the year. This forecast is based on recent data showing accelerated growth in property prices. In the last quarter of 2023, figures revealed a 4.3% increase in house sale prices. Preliminary data for the first...

WA’s Residential Tenancies Amendment Act 2024 Explained: What Tenants and Landlords Need to Know

The Residential Tenancies Amendment Act 2024, recently passed by the Western Australian Government, introduces significant reforms to the state's rental market. These changes aim to balance the interests of tenants and landlords by providing more protection for tenants while ensuring landlords can manage their properties effectively. Let’s take a closer look at these reforms, which include a ban on...