Perth suburbs bucking the trend in low house sales
While Perth house sales declined last month, 31 suburbs bucked the trend to record more sales in June than they did in May, according to data from the Real Estate Institute of Western Australia (REIWA).
Premium suburbs are leading the recovery of the Perth housing market
Premium located suburbs are leading the recovery of the Perth property market, says Shane Kempton, Chief Operations Officer for Professionals real estate group in Western Australia and the Northern Territory.
New sales platform REBid new way to buy and sell real estate
A new online sales platform designed for real estate agents is being supported by the Real Estate Institutes in Western Australia (REIWA) and in South Australia (REISA).
Despite concerns over tax increases for investors, the spike in first home buyers is encouraging
While there are concerns over property tax on foreign residential property investors slowing economic recovery, recent data shows that first home buyers are more active than ever in Perth, WA, after subdued buyer activity.
“The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing," said REIWA president, Hayden Groves.
REIWA calls on state government for reforms to stimulate property market
The Real Estate Institute of Western Australia has made a submission to the WA state government ahead of the 2017 budget, calling for a range of reforms to stimulate the WA property market.
