News Archive
First Home Owner Boost
20 October 2008
The First Home Owners Boost (FHOB), doubles the existing First Home Owners Grant on existing homes that have been lived in. It also triples the existing grant for newly built homes. This includes existing, newly built homes that have not been previously sold or lived in. These are time limited measures. BUYING A NEWLY BUILT HOME First home buyers who sign contracts to purchase a newly buil... read news item »
SLOW MARKET
14 October 2008
Perth housing market slows further in September PERTH MEDIAN PRICE Perth’s sluggish housing market has continued to slow through the September quarter, with data out today from the Real Estate Institute of Western Australian showing a general fall for the third consecutive quarter in median prices. REIWA President Rob Druitt said the Institute’s preliminary data for the September q... read news item »
Off The Plan Sales
13 October 2008
During the last few years in Perth as the population swelled and the economy grew strongly, many developers took the opportunity to start clearing land and building apartments and townhouses using the off-the-plan sales method to raise capital for their projects. Off-the-plan sales simply refers to property purchases that take place before the Certificate of Title has been issued. It means buyin... read news item »
Interest Rates
07 October 2008
The Real Estate Institute of Western Australia says today’s interest rate cut of 1 per cent is very welcome and should help kick start WA’s sluggish housing market. REIWA President Rob Druitt said the state’s housing downturn was partly due to buyer uncertainty around interest rates, but this was now likely to change. “The Reserve Bank has given hom... read news item »
Spring Into Action
28 August 2008
Now the spring has arrived, it’s a perfect opportunity to get into the garden and look at the internals and externals of your home from a buyer’s point of view. Externally Over winter lawns require fertilising, reseeding and aeration; aerating will allow more moistu... read news item »
MARCH QUARTER DATA: Perth house prices slide as listings soar
14 April 2008
Perth experienced a fall of almost 3 per cent on the median house price for the March quarter, according to preliminary data released today by the Real Estate Institute of Western Australia. The REIWA data shows a fall of 2.7 per cent on the median price, pulling it down from $470,000 at the end of last year to around $457,000 currently. REIWA President Rob Druitt said the retraction in pri... read news item »
New Zoning Rules
15 March 2008
Thousands of property owners in Perth's more established suburbs could lose the chance to subdivide their big blocks if they don't act before new rules governing the zoning come into effect next year. Owners of properties between 900 m2 and 1,000 m2 have 12 months to gain approval to subdivide their lot before new residential design guidelines, developed by the West Australian Planning Commission... read news item »
House Prices Flat - Rents Up
15 February 2008
Preliminary data by the Real Estate Institute of WA suggests Perth's housing market was flat-lining in the December Quarter of 2007, with no movement either up or down for the last three months of last year. However, REIWA President Rob Druitt said he expected the data to show a small overall increase once final settlements are processed. "Based on the preliminary figure, Perth's growth r... read news item »
ABS Confirms RIEWA Accuracy
04 February 2008
The Australian Bureau of Statistics has recently released its House Price Index for the December quarter 2007. Figures by the respected Commonwealth department match very closely those released by the Real Estate Institute of Western Australia only last month. According to the ABS, Perth house prices grew by 0.9 per cent for the last three months of last year, and by 1.1 per cent over 200... read news item »
Ten Years Is Not So Long . .
12 January 2008
Ten years ago the Google search engine was founded, President Bill Clinton denied having relations with Monika Lewinski, the Real IRA perpetrated the Omagh bombing, the film Titanic scooped eleven Oscars at the Academy Awards and six sailors died in the Sydney to Hobart yacht race during wild weather. These things might seem very recent to many people, but time marches on. To look at how things ... read news item »