2021 to be a record year for detached home building - HIA
“It is anticipated that almost 130,000 new detached homes will commence construction in 2021. The previous record of 120,000 starts in a calendar year was set in 2018,” stated HIA’s Chief Economist, Tim Reardon.
In a survey conducted by REIWA, 90 per cent of respondents considered stamp duty to be a significant barrier to home ownership, which is why the Institute is calling for every political candidate to commit to a two-stream revenue collection method for stamp duty.
Sales of super-prime properties with tennis courts spike in 2020 due to COVID-19 lifestyle changes
Knight Frank has released its first Australian Residential Tennis Court Premium report. The research found sales of super-prime properties with tennis courts spiked in 2020 during COVID-19, with $682.8m transacting across 38 sales, up 230% on a weak 2019.
New rental standards risk even tighter regional rental market - REIV
The 120 new rental tenancy standards that come into effect from 29 March will trigger uncertainty, confusion and an unbalanced regulatory burden on the market.
“Home buying activity has surged over the past week with the clear prospect of strong market conditions continuing" says Dr Andrew Wilson – Chief Economist at AI property intelligence platform Archistar.
Off-the-plan stamp duty rebate needs to be formalised - REIWA
REIWA President Damian Collins said it was important the off-the-plan stamp duty rebate becomes a permanent feature of Western Australia’s property tax system.