Increase in luxury property sales lift Perth's median house price
While house prices fall in Sydney and Melbourne, Perth's median house price has lifted 1.6 per cent during November, thanks to an increase in luxury property sales according to industry body the Real Estate Institute of Western Australia (REIWA).
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.
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.
