Pace of decline in Perth property prices steadied in June quarter
Though 54% of sellers had to lower their asking price in the three months to June, the size of the discount has levelled out at 6.5%, preventing the median price from falling futher.
Perth leasing activity jumped 32 per cent in May, after the Easter and ANZAC Day holidays slowed down the market in April, says Hayden Groves, president of the REIWA.
House prices in regional WA rise for second quarter in a row
Mining towns Karratha and Port Hedland recorded the highest rates of growth in regional Western Australia during the March quarter, as iron ore prices staged a recovery.
As Perth market stabilises, where are the most affordable suburbs?
As Perth's property market stabilises after some tough years in the wake of the downturn in the mining sector, we take a look at where the best value lies in the nation's western capital.
The Perth suburbs selling more quickly now than in 'boom' times
Despite a general slow down in the Perth property market, close examination of data reveals that some areas of Perth are selling more quickly than they did during the property 'boom', says Hayden Groves, president of the REIWA.
Tougher home lending not the answer for WA: REIWA, UDIA WA
Imposing tougher lending conditions in Western Australia could "see the green shoots that are just starting to emerge killed off", says UDIA WA CEO, Allison Hailes.