In positive sign for the WA new home market, sales increased in the three months to July, according to the HIA.
Chief economist Tim Reardon said new home sales in the state rose 9.5 per cent over the reporting period.
This follows UDIA WA figures showing new land sales increased 16.5 per cent in the June quarter. Read More
The Urban Development Institute of Australia (UDIA WA) says the latest official cash rate cut to 1% is another step toward a property market recovery in Western Australia as subdued conditions continue to take their toll. Read More
The Eastern Reporter talks to REIWA president Damian Collins about the shift in the Buy-Rent index creating ideal conditions for homebuyers. The gap between renting and buying is closing, with conditions for buyers the most favourable in five years according to the latest index by REIWA and Curtin University. Read More
The Urban Development Institute of Australia (UDIA WA) has revealed positive new research for the new year that provides a confident basis for estimates that the next residential property market upswing in Western Australia will occur within 12-18 months. Read More
A falling average vacancy rate in Perth’s rental market is pointing to a recovering property market on the whole, according to industry experts.
Rising confidence in the Perth housing market and improved economic growth is having a positive impact on the new land market according to the latest data from the Urban Development Institute of Australia (UDIA WA).
“New land sales in Perth are up 3.8% for the June quarter with close to 1500 lots sold in the region,” UDIA WA CEO Allison Hailes said. Read More
New land values are up, sales numbers are increasing and developers are clearly showing their confidence in the property market upswing as construction activity is also on the rise, according to the latest new land data from the Urban Development Institute of Australia (UDIA WA).
“UDIA’s March 2018 quarter new land market data shows that the average price of new land in Perth is up 4.9% over the last 12 months to $234,928,” UDIA CEO Allison Hailes said.
“The data shows that the value of new land has been on an upward trend since March last year,” Ms Hailes said. “This is a very promising sign for the property market recovery.” Read More