Market News

Perth Property

Land and Sale Numbers a Positive Sign

Market News

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

Land Sales Increase in Perth for Third Consecutive Quarter

Market News

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

Latest Data confirms WA Property Market Recovery

Market News

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