Sales volumes rose 8 per cent in the month of February, but the median house prices was down 1.3 per cent, according to the latest data from the REIWA.
Malcolm Gunning, president of the Real Estate Institute of Australia, says the proposed changes to negative gearing are likely to drive rents higher.
Gil King, chief executive officer of the Real Estate Institute of Victoria, writes that higher costs for landlords could translate into higher rents and lower supply of rental property.
Vacancy rates fell and rents rose around the country in January, particularly in mining towns, according to new data from SQM Research.
Perth’s median house price increased by nearly two per cent in the three months to December 2016.
At a meeting of state and federal treasurers on Friday, Scott Morrison said negative gearing would stay. He also outlined new ways to attract private investment into affordable rental housing.
Premier Mike Baird told guests at the National Press Club on Tuesday that negative gearing should be part of the debate about housing affordability.
The September 2016 quarter CPI is good news for home buyers and renters, according to the Real Estate Institute of Australia.
First time real estate purchasers in Australia are increasingly entering the property market as investors, says online property agency iBuyNew.
REIWA President Hayden Groves says easing property prices in Western Australia is making home ownership more accessible.
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