REIWA

The Real Estate Institute of Western Australia's 2021 outlook indicates the Western Australian property market should experience steady growth in both the rental and sales market.

REIWA President Damian Collins said "REIWA welcomes indications from the WA Government that they will not extend the emergency tenancy laws."

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.

Real Estate Institute of Western Australia says 8 of 9 Western Australia’s 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.

Rental listings in Perth continued to drop in September, falling eight per cent to 2,926 over the month - the lowest it’s been since 2012, according to reiwa.com data.

Now is the time to buy into the Western Australia housing market, according to REIWA President, Damian Collins.

The Perth market is experiencing the lowest rental vacancy rates since 2008, according to REIWA.

REIWA president Damian Collins reports on a reduction in listings for the Western Australia market in the June quarter.

Sales activity in the Perth metro region increased in July, according to REIWA president Damian Collins up 68 per cent compared to April across both dwellings and land sales.