The Blog

The 2024-25 State Budget, recently unveiled by the Cook Government, garnered positive reception, particularly within the real estate sector, for its measures aimed at bolstering housing supply. Notably, adjustments to the First Home Owner Transfer Duty Concession thresholds were highlighted as a step in the right direction. The Real Estate Institute of Western Australia (REIWA) […]

In recent years, the Australian real estate landscape has been marked by a series of significant events, from fluctuating interest rates to the ongoing housing crisis in Western Australia. As stakeholders in this dynamic market, it is imperative for both home buyers and sellers to understand the implications of these developments. The RBA’s Policy Decision […]

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% […]

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 […]

On April 3, 2024, Perth’s real estate market hit a milestone as the median sale prices for houses surged to unprecedented levels. According to REIWA, the median house sale price in March climbed by 2.5 percent, reaching $620,000. Concurrently, the median unit sale price experienced an uptick of 1.2 percent, reaching $420,000. This surge was […]

The difference between strata titles and body corp, including levies or fees, can be confusing. But for property owners, it’s crucial to understand the concepts. What is a strata title? A strata-titled area is a complex or building comprising townhouses, units or apartments. However, detached houses in an estate can also be strata titled. When […]

Why Properties Don’t Sell: Unveiling the Uncomfortable Truths In the pulsating heart of today’s real estate market, a paradox presents itself: properties sitting stagnant, their ‘For Sale’ signs aging in the sun. It’s a scenario that belies the seemingly vibrant market conditions, prompting a deeper investigation into the root causes. As an industry insider based […]

Downsizing is becoming a crucial segment of the property market in Western Australia and elsewhere in Australia, driven by demographic shifts and changes in household composition. The population is aging, and there’s a move towards smaller families, which influences the demand for smaller living spaces that cater to the evolving needs of households. Recent Census […]

  With no relief in sight for renters, where will the escalating cost of renting end? In our office, the desperate pleas from renters calling to see a property before the viewing, to offer more money, and anxious to know if they beat the other hundreds of applicants, is a daily occurrence. Not only is […]

Australian property continues to record value growth as the year gets into full swing, offering an opportunity for sellers to capitalise on the upbeat mood. The decision by the Reserve Bank of Australia to leave the cash rate at 4.35% is a significant sign, creating the possibility that buyer concerns about mortgage costs will now […]

In a departure from the traditional rhythm of monthly meetings, the Reserve Bank of Australia (RBA) has implemented significant changes to its meeting schedule, aiming to enhance transparency and effectiveness in its monetary policy decisions. Previously accustomed to tuning in every first Tuesday of the month for cash rate updates, Australians are now adjusting to […]

In 2023, the property market saw a boost in investor activity, as per the latest lending data from the Australian Bureau of Statistics. New housing loans to investors climbed by 10.4% from 2022 and an impressive 37.3% from 2021, reaching a record high of 2,211 in November. The uptick in investor engagement is encouraging, especially […]

  Ensuring a home attracts buyers has always been a critical part of preparing a property for sale. Sometimes, it doesn’t matter how hard you’ve worked to declutter and generally prepare, there may still be a risk that you could have missed something that will turn buyers away. Follow this checklist to make sure everything […]

In a decisive move, the Reserve Bank of Australia (RBA) announced yesterday that it would keep the cash rate steady at 4.35%, surprising some economists who had expected adjustments due to a recent dip in inflation. This decision, the highest cash rate since November 2011, is expected to influence the real estate market positively. Stable […]

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The 2024 property market quarterly update by REIWA projects a 10% growth in Perth house prices this year, with a potential rise in rents, albeit at a slower pace. Despite interest rate increases in 2023, the WA property market maintained momentum, experiencing 2.6% growth in house sale prices in the December quarter and an 8.3% […]

9NEWS Monday 15 January 2024. Watch Paulette Contessi provide an update on the Perth property market in 2024 on 9NEWS.

The Cook Government of Western Australia has introduced the Builders’ Support Facility, offering a $10 million interest-free loan initiative aimed at aiding residential builders. This scheme intends to assist builders who have pending projects exceeding a two-year construction timeframe. Eligible builders can access up to $300,000 ($60,000 per property) to complete their stalled projects. The […]

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In a recent legislative development, the Cook Government has introduced a Bill to Parliament, outlining expected reforms to the Residential Tenancies Act. The proposed changes, set to take effect in stages starting from early to mid-next year, aim to address several crucial aspects of the landlord-tenant relationship. One of the pivotal changes includes the prohibition […]