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Cash rate unchanged at first RBA Board meeting of 2021

CoreLogic | 2 February 2021

Low interest rates, strong institutional responses and rapidly improving economic conditions have been central factors supporting the rebound in housing markets. With mortgage rates likely to remain at record lows well into 2022, housing values are expected to keep rising.

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Which housing markets are back above pre-COVID values?

CoreLogic | 1 February

Housing market data has shown a fairly strong post-COVID recovery trend following a short, sharp slowdown in activity through the middle of 2020. Australian housing values rose 2.3% in the final quarter of the year, trending higher from a recent low in September 2020, to be just 0.1% below the previous record high value in October 2017.

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Perth is currently Australia’s fastest growing major market

REIWA | 1 February 2021

CoreLogic data revealed that Perth’s home value index lifted 1.6 per cent in January and 3.8 per cent compared to three months ago, currently making it the fastest growing major market in Australia. REIWA President Damian Collins said reiwa.com data supported these findings, with Perth’s median house price increasing to $490,000 in January.

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Five-day WA lockdown to have minimal impact on property market

REA | 1 February 2021

Property analysts say Western Australia’s snap five-day lockdown is likely to have little impact on the state’s recovering real estate market with Perth showing impressive results unseen since 2013.

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Perth Market Snapshot for the week ending 31 January 2021

REIWA | 1 February

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 836 transactions. This decrease can be attributed to a three per cent decline in house sales and a six per cent rise in unit sales. There was no change to vacant land sales over the week.

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Australian housing values reach a new record high as values continue to rise across every broad region of the country

CoreLogic | 1 February 2021

Housing values continued to rise through the first month of 2021 with CoreLogic’s national home value index up 0.9% over the month. The January movement takes Australian home values to a fresh record high. Housing values have surpassed pre-COVID levels by 1.0%, and the index is 0.7% higher than the previous September 2017 peak.

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2020 rental market finishes the year strong with a decade-high monthly growth rate of 0.6% in December

CoreLogic | 26 January 2021

CoreLogic’s Rental Market Review for the December 2020 quarter released today has reiterated the diverse rental conditions across Australia over the year, with regional markets outperforming capital cities and unit markets recording weak conditions across the largest capital cities.

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Perth Market Snapshot for the week ending 24 January 2021

REIWA | 25 January 2021

Sales activity increased 13 per cent in Perth last week, with REIWA members reporting 856 transactions. This increase can be attributed to a 15 per cent rise in house sales, 24 per cent rise in unit sales and 15 per cent fall in vacant land sales over the week.

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Perth house price growth set to beat other Australian cities in 2021, experts predict

Domain | 23 January 2021

Perth house prices are on track to rise faster than any other Australian capital city in 2021, thanks to a strong economy, a tight rental market and the state’s response to COVID-19, according to property experts.

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REIWA calls for real estate to be a focus in the upcoming Western Australian Election

REIWA | 20 January 2021

With the WA Election fast approaching, REIWA is calling on all candidates contesting the election to commit to policy reforms that deliver a fair, sustainable and prosperous property market. REIWA President Damian Collins said throughout the COVID-19 pandemic, the WA property market has proven resilient and has been a key driver for the state’s economy.

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Perth Market Snapshot for the week ending 17 January 2021

REIWA | 18 January 2021

Sales activity increased 10 per cent in Perth last week, with REIWA members reporting 763 transactions. This increase can be attributed to a nine per cent rise in house sales, 17 per cent rise in unit sales and nine per cent rise in vacant land sales over the week.

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December reiwa.com data reveals sales activity is on the rise

REIWA | 16 January 2021

With people taking long deserving holidays or opting to spend time with family during the festive season, December has traditionally been known as one of the slower months to sell your property with many deciding not to list their property until the end of January.

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First-home buyers hone in on outer suburbs amid a burst of incentives

REA | 12 January 2021

First-home buyers are set to continue to dominate the property market in early 2021 as those looking for houses target outer suburbs where they can make the most of government grants and discounts.

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Housing markets build momentum through the end of 2020, pointing to a strong start to 2021

CoreLogic | 12 January 2021

Australia’s housing market finished the year on a strong footing with CoreLogic’s national home value index rising a further 1.0% in December; the third consecutive month-on-month rise following a -2.1% drop in dwelling values between April and September.

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Perth Market Snapshot for the week ending 10 January 2021

REIWA | 11 January 2021

Sales activity increased 201 per cent in Perth last week, with REIWA members reporting 699 transactions. This increase can be attributed to a 181 per cent rise in house sales, 318 per cent rise in unit sales and 211 per cent rise in vacant land sales over the week.

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Perth sales activity up 42.5 per cent in December

REIWA | 4 January 2021

December sales activity saw 3,067 transactions for the month which is an increase of 42.5 per cent when compared to the same time the year prior.

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Perth Market Snapshot for the week ending 20 December 2020

REIWA | 21 December 2020

Sales activity increased five per cent in Perth last week, with REIWA members reporting 969 transactions. This increase can be attributed to a four per cent rise in house sales, 31 per cent rise in unit sales and 21 per cent fall in vacant land sales over the week.

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Five predictions for the property market in 2021

REA | 21 December 2020

The year 2020 has been an uncertain time for the Australian property market. Despite predictions of large price falls early in the coronavirus recession, the property sector has come through the crisis in remarkably good shape.

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Australia's property obsession cemented during pandemic

REA | 21 December 2020

Australians were forced to unleash their inner hobbyist during COVID lockdowns in 2020. Some realised their green thumb while others discovered a quasi-black market for sourdough starter. Looking at property on realestate.com.au became a favourite pastime for others, with one house hunter notching up a whopping 41,700 property views. And they weren’t alone.

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Housing markets finish the year strongly

Property Update | 21 December 2020

Much of the uncertainty about the direction of the economy generally, and the real estate markets, in particular, is now giving way to growing confidence that we are returning to normal conditions, not a new COVID 19 normal as some were suggesting, but conditions as they were prior to the pandemic intervention.

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The state of stamp duty for Australian housing

CoreLogic | 18 December 2020

In 2020, COVID-19 mildly impacted Australian housing prices, but created volatility in transaction activity. These factors have drawn renewed scrutiny of stamp duty on residential property, and may have influenced some of the timely reform and discounting in stamp duties over the year.

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Perth’s residential vacancy rate equals lowest level ever recorded

REIWA | 16 December 2020

reiwa.com data has revealed that Perth’s residential vacancy rate has continued to fall in November, hitting 0.8 per cent and reaching the lowest levels REIWA has seen over the past 40 years, with the previous low of 0.8 per cent reached in 2007. REIWA President Damian Collins said this is the 25th consecutive month in which we have seen the vacancy rate below three per cent.

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Best of the Best Report shows 2020’s biggest property market winners

CoreLogic | 16 December 2020

In a year that no one could have predicted, from a deadly global pandemic to our largest economic downturn since the 1930’s, CoreLogic’s Best of the Best 2020 Report released today reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient. The annual Best of the Best report is a suburb level analysis of a variety of measures used by CoreLogic to determine property market performance across the year, ranging from property value growth and sales to rental yields. So, where were Australia’s top performers in residential real estate over 2020?

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Perth Market Snapshot for the week ending 13 December 2020

REIWA | 14 December 2020

Sales activity decreased 13 per cent in Perth last week, with REIWA members reporting 926 transactions. This decrease can be attributed to an eight per cent fall in house sales, 20 per cent fall in unit sales and 27 per cent fall in vacant land sales over the week.

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13 Common Mistakes Home Buyers Make – and how to avoid them

Property Update | 12 December 2020

Buying your next home can be a daunting task, especially if it’s your first home.It’s exciting but full of complexities. While it’s likely to be the largest financial transaction you will ever make, we’ve found that many home buyers are poorly prepared to ensure they make a good purchase decision. And it’s not their fault. The system is stacked against them, with much of the power being on the side of the seller. To help guide you, let’s look at 13 Common Mistakes made by Home Buyers – ones that you should avoid.

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Renting a property in Perth is cheaper than any other capital city

REIWA | 12 December 2020

You may have heard that the rental market across Western Australia has been under pressure due to the lack of supply in recent months. In November this was no different, with reiwa.com data revealing there were only 2,889 properties available for rent on reiwa.com which is 52 per cent less than November 2019 - making it the third consecutive month in a row in which listings were under 3,000.

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West Australian real estate agents the most ethical in the nation

REIWA | 9 December 2020

Real estate agents in Western Australia are viewed as the most ethical in the nation according to the Governance Institute of Australia’s Ethical Index 2020 survey, a measure which has increased from 36 to 44 per cent when compared to 2019.

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Perth Market Snapshot for the week ending 6 December 2020

REIWA | 7 December 2020

Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,074 transactions. This increase can be attributed to a no change in house sales, a no change in unit sales, and a 44 per cent rise in vacant land sales over the week.

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State of the rental markets - Perth rent values soar 8.2% annually, while Melbourne rents continue to fall

CoreLogic | 4 December 2020

CoreLogic November home value indices showed a second consecutive month of property value increases following a COVID-19-induced dip. For the first time since January, every capital city recorded a rise in dwelling values. This was off the back of accommodative monetary policy and fiscal policy, converging with a strong increase in consumer sentiment and the beginning of a recovery in economic conditions.

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Stiffer market competition on the horizon as investors slowly creep back

REA | 2 December 2020

With first-home buyers and upgraders dominating the market, the quiet pick up in investor activity is going largely unnoticed. The most recent home lending data from the Australian Bureau of Statistics (ABS) found that in October 2020 there was $5.3 billion in new lending to investors. While that represented the smallest share of total new lending to investors on record at 23.3%, the value of lending to investors has increased for five consecutive months and is up 29.5% over that period.

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CoreLogic November home value indices: Dwelling values rise across every capital city and rest-of-state region

CoreLogic | 1 December 2020

Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September. According to CoreLogic’s Head of Research, Tim Lawless, if the current growth trend persists, we are likely to see CoreLogic’s national home value index surpass pre-COVID levels in early 2021.

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Perth properties selling at the fastest rate since 2006

REIWA | 1 December 2020

reiwa.com data has revealed properties for sale are in strong demand, with properties sold in November taking a median of only 22 days to sell, which is 17 days less than November 2019, making it the fastest time properties have sold since September 2006.

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Why didn’t the Australian housing market crash?

CoreLogic | 30 November 2020

2020 has been a devastating year for many households and small businesses. As Australia moves through its first recession in over 28 years, ABS payroll data suggests wages are down 4.3% between Australia’s 100th case of COVID-19 on March 14, and October 31st. In the same period, payroll jobs decreased 3.0% At the onset of the pandemic, consensus seemed to be building that the national decline in property values could reach 10%, with worst-case scenarios suggesting prices could fall by as much as a third.

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Perth Market Snapshot for the week ending 29 November 2020

REIWA | 30 November 2020

Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 1,042 transactions. This increase can be attributed to a 21 per cent rise in house sales, 21 per cent rise in unit sales and eight per cent rise in vacant land sales over the week.

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Strong property market conditions expected in WA in 2021

REIWA | 27 November 2020

After hitting the bottom of the market during 2020, REIWA’s 2021 outlook indicates the Western Australian property market should experience steady growth in both the rental and sales market - something not seen since the strong conditions in 2013. REIWA President Damian Collins said 2020 has been an unusual year for property, however despite the lull experienced during the start of the COVID-19 pandemic, WA is showing extremely positive signs.

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'Locked in' Camillo the most tightly-held suburb in Perth

REA | 27 November 2020

Camillo homeowners are Perth’s most reluctant to move, with residents staying put for almost 16 years on average. New data compiled by realestate.com.au shows residents in the south-eastern suburb, on average, do not up stumps for 15.9 years. Mundijong was the second most favoured Perth suburb with homeowners staying 15.4 years, while Noranda, Edgewater and Bellevue residents tended to stay on for between 14 and 15 years. The timeframes are well above the average hold period for houses in Perth, which sits at 9.7 years.

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National Auction Market Preview - 29 November

CoreLogic | 26 November 2020

This week, scheduled auction volumes are expected to surge above 2,000 for the first time since April, with 2,201 capital city homes scheduled to go under the hammer. Last week, final results saw 1,803 properties taken to auction across the combined capital cities and one year ago a significantly higher 3,206 auctions were held.

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7 Lessons I Wish I’d Known When I Started Investing in Real Estate

Property Update | 26 November 2020

They say hindsight is 20:20 – and that is certainly true when it comes to property investing. Most of us start out without much knowledge behind us, and only realise we are making mistakes when it’s too late to do much about them. Here’s a list of seven things I wish I’d known when I was beginning my property investing journey, which you can implement to ensure yours is a much smoother ride.

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'House and land suburbs' among areas to see largest increases in new listings

REA | 25 November 2020

Suburbs abundant with new housing stock are among the areas that have seen dramatic increases in the number of listings advertised over the past six months. Data compiled by realestate.com.au shows that Sydney dominates the national list with seven of Australia’s top 10 suburbs to record the biggest jumps in listing numbers for houses located in the harbour city. For units and apartments, Sydney suburbs comprised eight of the top 10 spots for the greatest increases in listings.

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The honest truth about where property prices are headed

Property Update | 24 November 2020

It’s common knowledge that the value of property grows overtime. Property values don’t grow consistently or uniformly, but overall, the property lulls are temporary and the value of well located “investment grade” property generally increase in the long term. So what should investors do in the current market if they wish to grow their wealth in the safest possible way? Let’s look back at property prices to help you look forward.

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Perth Market Snapshot for the week ending 22 November 2020

REIWA | 23 November 2020

Sales activity decreased three per cent in Perth last week, with REIWA members reporting 877 transactions. This decrease can be attributed to a four per cent fall in house sales, four per cent fall in unit sales and no change in vacant land sales over the week.

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Strong consumer mindset a boon for housing this festive season

REA | 20 November 2020

Consumer sentiment has rebounded rapidly as lockdowns have ended while COVID-19 case numbers have fallen and borrowing costs have reduced. This can only bode well for Australia’s property sector in the lead up to Christmas and into the New Year.

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Volumes rise across the combined capital cities and return a clearance rate of 73.6%

CoreLogic | 23 November 2020

There were 1,791 homes scheduled for auction across the combined capital cities this week and of the 1,442 results collected so far, 73.6% have reported a successful result. This week’s volumes are not only higher than last week’s 1,728 auctions held, but the highest number of auctions held since the week ending 5th April. Preliminary figures indicate that the clearance rate weakened over the week, after last week’s higher preliminary figure of 75.1%, which later revised down to 70.6% at final figures. One year ago, a much higher 2,612 homes were auctioned, when a lower 68.5% cleared.

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Perth housing market reveals positive signs in September quarter

REIWA | 21 November 2020

The Perth property market continued to show positive signs in both the rental and sales market during the September 2020 quarter. From a sales perspective, the median house sale price, sales volumes and listings for sale all recorded an increase.

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French Provincial-style equine oasis heralds gems from global travels

REA | 20 November 2020

Inspired by the owners’ personal travels across Europe, this sprawling Gidgegannup property has been curated using an eclectic mix of treasured memories. Owners Robynne McTaggart and Garry Marzolo purchased the property 12 years ago and embarked on a mission to create a special residence that melds a French Provincial theme and the laidback Australian vibe, with horses, truffles and vines.

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National Auction Market Preview - 22 November

CoreLogic | 19 November 2020

Weekly auction volumes are set to rise across the combined capital cities, with a total of 1,851 homes scheduled to go under the hammer this week. The scheduled number of auctions are not only expected to be higher than the 1,728 auctions last week, but the highest level reached since the week ending 19 April when 1,922 auctions were held.

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Could household debt levels be a trigger for another round of credit tightening?

CoreLogic | 18 November 2020

Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly to 185.0%.

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Understanding the process of buying a house in Australia

REA | 18 November 2020

If you’re looking to buy a house, understanding the process from start to finish before you begin your search is key to smooth sailing. So you’ve looked everywhere to find the right place, found a potential property that suits your needs, and you are looking to put an offer to the seller. “What’s next?” you might be thinking and “How can I get prepared?”. Here’s a brief rundown of what to expect from the process of buying a property.

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National Auction Market Preview - 22 November

CoreLogic | 19 November 2020

Weekly auction volumes are set to rise across the combined capital cities, with a total of 1,851 homes scheduled to go under the hammer this week. The scheduled number of auctions are not only expected to be higher than the 1,728 auctions last week, but the highest level reached since the week ending 19 April when 1,922 auctions were held.

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Could household debt levels be a trigger for another round of credit tightening?

CoreLogic | 18 November 2020

Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly to 185.0%.

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Understanding the process of buying a house in Australia

REA | 18 November 2020

If you’re looking to buy a house, understanding the process from start to finish before you begin your search is key to smooth sailing. So you’ve looked everywhere to find the right place, found a potential property that suits your needs, and you are looking to put an offer to the seller. “What’s next?” you might be thinking and “How can I get prepared?”. Here’s a brief rundown of what to expect from the process of buying a property.

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Perth’s vacancy rate continues to drop

RIEWA | 18 November 2020

October's residential vacancy rate in Perth has slightly lowered compared to the previous month and now sits at 0.95 per cent, which is close to the 40 year low of 0.8 per cent reached in 2007. This comes at a time when low levels of investor finance demand is being recorded in Western Australia.

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Why Aussie homeowners are holding property longer than a decade ago

REA | 17 November 2020

Australian homeowners are holding onto their properties for longer than they were a decade ago and it’s not necessarily because they are comfortable. Experts say rising house prices and transactional costs as well as an ageing population are key reasons why Australians are staying put for longer.

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Chief Economist Update: Investors slowly return but not in our biggest cities

REA | 16 November 2020

Investors evaporated fairly quickly from the property market at the end of 2017, the catalyst being the announcement of the financial services royal commission. A subsequent clampdown on lending led to a fall in property prices in many locations across Australia, particularly those with a lot of investor activity. Conditions remained stagnant for two years but by the end of 2019, as prices rose, investors began to tentatively re-enter the market. Then COVID-19 shut that activity down.

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Perth Market Snapshot for the week ending 15 November 2020

RIEWA | 16 November 2020

Sales activity increased three per cent in Perth last week, with REIWA members reporting 918 transactions. This increase can be attributed to a nine per cent rise in house sales, two per cent rise in unit sales and 28 per cent fall in vacant land sales over the week.

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National Auction Market Preview - 15 November

CoreLogic | 15 November 2020

There are 1,825 auctions scheduled to take place across the combined capital cities this week, up from 1,757 auctions last week, although lower than the 2,590 held over the same week last year.

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October sales activity provides confidence to the Perth market

REIWA | 14 November 2020

According to reiwa.com data, Yanchep showed the largest increase in sales activity growth with a 133 per cent increase and the majority of the sales that occurred were land sales. This was closely followed by East Victoria Park with a 100 per cent increase, Cloverdale with an 86 per cent increase, Hammond Park which was up 67 per cent and rounding out the top five was Aveley with a 63 per cent increase.

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Perth property market booms off the back of COVID-19 crisis

Domain | 13 November 2020

Pent-up buyer demand, low interest rates and an extraordinarily tight rental market have helped fuel a mini-boom within the Perth property market. Perth’s median house price has recorded the strongest annual gain since 2014, up 2.4 per cent to $534,336, which was just over $12,000 above the mid-2019 trough, the latest Domain House Price Report revealed. However, unit prices have continued their annual decline, with a fall of 4.5 per cent to $335,869.

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Trends in housing finance show the continued rise of owner occupiers and first home buyers

CoreLogic | 11 November 2020

The latest ABS housing finance data shows the volume of finance lent for the purchase of property increased 5.9% in the month of September, taking the quarterly increase to 20.0%, the highest quarterly growth rate on record. It follows a 10.9% contraction in housing finance through the June quarter, when strict social distancing restrictions, such as a ban on open home inspections and on-site auctions, resulted in a sharp drop in transactions.

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Industrial chic apartments a chance to reside in Boans retailer history

REA | 10 November 2020

Once part of Western Australia’s famous Boans retail chain, these meticulously-converted warehouse apartments offer the chance to take up residence in a historical landmark.

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Is a structural shift in housing demand leading to a regional housing boom?

CoreLogic | 9 November 2020

There has been a high level of interest as to whether the pandemic has spurred housing demand in regional markets of Australia. Housing market data is partially suggestive of this, especially across the largest capital cities. Rental value increases are positively correlated with greater distance from the CBD for the largest capital cities. The latest CoreLogic indices show growth across regional housing markets is higher than the capital cities in both quarterly and annual terms.

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Auction volumes hold firm week-on-week across the combined capitals

CoreLogic | 9 November 2020

There were 1,758 homes taken to auction across the combined capital cities this week, slightly higher than the previous week when 1,747 auctions were held. Of the 1,420 results collected so far, 73.2 per cent were successful. Last week, a preliminary clearance rate of 77.0 per cent was recorded across the combined capitals, revising down to 71.0 per cent at final figures. One year ago, 2,412 homes were taken to auction and 70.6 per cent of reported auctions were successful.

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Perth Market Snapshot for the week ending 8 November 2020

REIWA | 9 November 2020

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 910 transactions. This decrease can be attributed to a seven per cent fall in house sales, a five per cent rise in unit sales, and a 25 per cent rise in vacant land sales over the week.

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Three Perth suburbs the next to join WA's million-dollar club, data predicts

REA | 4 November 2020

If your Melbourne Cup betting game was on point, you may want to consider continuing the lucky streak by hunting out homes in Sorrento, Mount Lawley or South Fremantle.

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RBA cuts cash rate to unprecedented low of 0.1%

CoreLogic | 3 November 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 dwelling value increases 0.6 per cent in October

REIWA | 2 November 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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CoreLogic October home value indices: Australian housing values move into recovery mode

CoreLogic | 2 November 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 Market Snapshot for the week ending 1 November 2020

REIWA | 2 November 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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Perth Property Market Update – Oct 2020 – Finally in Recovery!

The Investors Edge | 27 October 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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Sought-after ‘imaginable luxury’

The West Australian | 26 October 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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Median sale price increases in eight regional centres says REIWA

The Real Estate Conversation | 26 October 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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Perth Market Snapshot for the week ending 25 October 2020

REIWA | 26 October 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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Peace of mind for new home builders with WA COVID grants extended

REA | 21 October 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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Perth hits rental crisis as vacancy rate plummets below one per cent

REIWA | 21 October 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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Perth Market Snapshot for the week ending 18 October 2020

REIWA | 19 October 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 | 16 October 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 | 15 October 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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Perth Market Snapshot for the week ending 11 October 2020

REIWA | 12 October 2020

Sales activity increased four per cent in Perth this week, with REIWA members reporting 902 transactions.

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Explainer: How Australia’s slowing population growth will affect property markets

Domain | 12 October 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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Live like the Great Gatsby in this incredible Perth mansion

REA | 9 October 2020

If you’re craving the kind of luxury seen in scenes from Baz Luhrmann’s 1920s-themed movie extravaganza then this Applecross mansion might be right up your alley.

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Let’s make real estate great again

The Real Estate Conversation | 9 October 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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What does the federal budget mean for the Australian housing market?

CoreLogic | 9 October 2020

Three major housing-related measures were highlighted in Treasurer Frydenberg’s budget address on the 6th of October: an extension of the First Home Loan Deposit Scheme (FHLDS), additional low-cost financing for affordable housing through NHFIC, and additional funding for the Indigenous Home Ownership Program.

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National Auction Market Preview - 11 October

CoreLogic | 8 October 2020

Auction volumes are set to rise this week after last week saw volumes dip, as most states welcomed a long weekend.

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The combined capital city preliminary auction clearance rate came in below 70% this week

CoreLogic | 7 October 2020

Preliminary clearance rate and volumes lower over the week

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Will the Federal Budget 2020 Help Housing

REA | 7 October 2020

Federal budget 2020: Tax cuts and other measures tipped to help housing

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keeping the cash rate at the record low setting of 0.25%

CoreLogic | 6 October 2020

RBA holds firm this month, keeping the cash rate at the record low setting of 0.25%

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When's the best season to sell?

REIWA | 30 September 2020

Tis’ the season to sell apparently, according to the latest reiwa.com data which shows houses sold in spring were snatched up much faster than any other time of year.

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Potential in the Perth market

CoreLogic | 25 September 2020

CoreLogic sales and listings numbers reveal an unlikely city on the rebound

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Surge in demand for perth properties

REA | 24 September 2020

Demand surges in Leederville, Winthrop and Ascot despite pandemic

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Perth Market Snapshot for the week ending 20 September 2020

REIWA | 21 September 2020

There were 10,686 properties for sale in Perth at the end of this week, which is in line with last week.

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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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