“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.
Pyrmont was once the industrial hub of Sydney, but now is given to stylish cafes, bars and restaurants, ultra-modern offices, and high quality residential stock.
Though the rental market is levelling out in the Western Australian mining town of Karratha, house and unit prices are still down more than 50 per cent from their boom-time highs.
Melbourne's bayside suburbs more expensive than Toorak, REIV data shows
Bayside suburbs, such as Albert Park, Middle Park, and South Melbourne, are attracting higher prices per square metre than Melbourne's most exclusive suburbs, according to the latest data from the REIV.
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.
Citi clamps down on lending in 'blackspot' suburbs
Citi will require a 35 per cent deposit for loans on all apartments built less than two years ago, and for any apartment on a list of 90 postcodes Australia-wide.
New rules mean lenders see 'positive data' when assessing loans
At last some good news for first-home buyers: new rules are being fast tracked to provide lenders with greater access to 'positive data' about borrowers, potentially making it easier for first-home buyers, who may not have a long credit history, to have their loans approved.
The Darwin real estate market is now officially back on track, says Glenn Grantham, General Manager of Raine & Horne Darwin, referencing to the latest data from the Real Estate Institute of Northern Territory.