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RBA CUTS CASH RATE TO UNPRECEDENTED LOW OF 0.1%

CoreLogic | November 3, 2020

Today’s cut takes the cash rate target to an unprecedented low. If passed on by the banks, which is highly likely, we will see mortgage rates fall further from their already record lows. Historically cuts to interest rates have fuelled housing market activity and generally aligned with upwards pressure on dwelling prices. With the trend in housing values already rising around most areas of the country, there is a good chance lower rates could see momentum building across the nation’s most valuable asset class.

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PERTH MARKET SNAPSHOT FOR THE WEEK ENDING 1 NOVEMBER 2020

REIWA | November 2, 2020

Sales activity remained stable in Perth this week, with REIWA members reporting 933 transactions. This stability can be attributed to a three per cent rise in house sales, 21 per cent fall in unit sales and 23 per cent rise in vacant land sales over the week.

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CORELOGIC OCTOBER HOME VALUE INDICES: AUSTRALIAN HOUSING VALUES MOVE INTO RECOVERY MODE

CoreLogic | November 2, 2020

Following five months of consistent declines in residential property values, CoreLogic’s national home value index moved back into positive month-on-month growth through October, posting a 0.4% rise. The lift in home values was broad based, with every capital city apart from Melbourne posting a rise in values over the month.

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PERTH DWELLING VALUE INCREASES 0.6 PER CENT IN OCTOBER

REIWA | November 2, 2020

Perth’s residential housing market has experienced growth in October, with CoreLogic’s Home Value Index increasing 0.6 per cent when compared to September and 0.9 per cent over the quarter.

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PERTH PROPERTY MARKET UPDATE – OCT 2020 – FINALLY IN RECOVERY!

The Investors Edge | October 27, 2020

In this intensive Perth Property Market Update I give you my deep insights into the Perth Rental and Sale market by uncovering the factors affecting prices and giving you my action steps and crystal ball on the year ahead. Grab a tea or coffee, I have lots to tell you about… Its going to be very interesting.

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PERTH MARKET SNAPSHOT FOR THE WEEK ENDING 25 OCTOBER 2020

REIWA | October 26, 2020

Sales activity increased six per cent in Perth this week, with REIWA members reporting 946 transactions. This increase can be attributed to a two per cent rise in house sales, a 20 per cent rise in unit sales and 13 per cent rise in vacant land sales over the week.

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MEDIAN SALE PRICE INCREASES IN EIGHT REGIONAL CENTRES SAYS REIWA

The Real Estate Conversation | October 26, 2020

Eight of Western Australia’s nine regional centres have recorded an increase in median sale price for the September 2020 quarter, with Karratha experiencing the largest increase of 8.1 per cent to $465,000.

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SOUGHT-AFTER ‘IMAGINABLE LUXURY’

The West Australian | October 26, 2020

Creating a western suburbs first, High End Nicheliving has released a boutique Nedlands luxury home development of five double-storey homes – but without the expected high-end price tag.

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PERTH HITS RENTAL CRISIS AS VACANCY RATE PLUMMETS BELOW ONE PER CENT

REIWA | October 21, 2020

Perth’s residential vacancy rate continues to rapidly decline, falling to 0.96 per cent which is the lowest it has been in 13 years, and only the third time in 40 years it has dropped below one per cent.

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PEACE OF MIND FOR NEW HOME BUILDERS WITH WA COVID GRANTS EXTENDED

REA | October 21, 2020

The West Australian building sector has welcomed a move to extend the Building Bonus stimulus, allowing home builders more time to qualify for the $20,000 grant.

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LET’S MAKE REAL ESTATE GREAT AGAIN

The Real Estate Conversation | October 19, 2020

If there’s one thing about our industry that’s totally frustrating, it’s that talented professionals are constantly undervalued.

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PERTH MARKET SNAPSHOT FOR THE WEEK ENDING 18 OCTOBER 2020

REIWA | October 19, 2020

There were 10,379 properties for sale in Perth at the end of this week, which is in line with last week.

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PERTH PROPERTIES SELL 57 DAYS FASTER THAN SEPTEMBER LAST YEAR

The Real Estate Conversation | October 16, 2020

Data from the Real Estate Institute of Western Australia finds houses in Perth are selling 27 days quicker last month, according to president Damian Collins.

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PERTH RENTAL PRICES IN STEEPEST QUARTERLY GAIN FOR EIGHT YEARS, NEW FIGURES SHOW

Domain | October 15, 2020

Median rents for Perth houses jumped 6.8 per cent by $25 to $395 a week, the highest asking rent since early 2016, the Domain Rent Report for the September quarter released on Thursday has revealed.

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EXPLAINER: HOW AUSTRALIA’S SLOWING POPULATION GROWTH WILL AFFECT PROPERTY MARKETS

Domain | October 12, 2020

Australia’s population growth will grind to a near halt for the next two years because of coronavirus border closures, which is expected to smash GDP, the economy and harm property markets.

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Brendan Bowie has specialised in property sales, marketing, and leasing for more than 20 years. As a City of Belmont resident with a great knowledge of the local area, Brendan’s strategic and innovative property marketing approach, coupled with a strong networking focus, consistently yields quality outcomes for his clients.

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