Housing Market

High demandNew BGC base to build on record home sales

The group’s companies sold a combined 1000 homes in June, more than any other building group in Australia.

Kim Macdonald

Generous incentivesWA’s luckiest couple get $115,000 home start help

A Karratha couple are the beneficiaries of a raft of grants and benefits worth six figures. Here’s how they did it ...

Kim Macdonald

Starting outHow to get your first foot on the housing ladder

There is plenty of help for first-time buyers to secure a home, but experts say awareness of the full spectrum of government support schemes still remains low.

Anthony Keane

Sales launchHuge 38-storey tower on market in South Perth

The combined 407 apartments from two complexes are only the start of the new units set for South Perth, with a raft of developments approvals likely to keep construction going for years to come.

Kim Macdonald

‘Get job-ready’Tradie shortage fears grow ahead of building boom

The construction workforce is well below its pre-coronavirus levels but builders are gearing up to exceed those numbers by the end of the year, sending some trades into shortage.

Kim Macdonald

No surprisesRBA holds rate as Victoria locks down

Reserve Bank officials have left the record low cash rate unchanged at 0.25 per cent, as many businesses in Victoria stop trading as part of a six-week hard lockdown.

Michael Heath

Think ahead5 things to know before helping the kids buy a home

With incentives to help millennials get a foot on the housing ladder, here are five points to consider before opening the Bank of Mum and Dad for business.

Fran Hughes

Worse than expectedWA records double-digit fall in building approvals

Home building approvals have fallen for another month to an eight-year low in June, as the housing sector struggles to recover from the coronavirus pandemic.

Regional boostFalling land prices extra incentive for country buyers

The State Government has slashed up to tens of thousands of dollars from the price of more than 200 blocks of land in regional areas.

Kim Macdonald

Paying moreWA bucks trend as rent prices suffer fall

Rents across Australia fell by 0.5 per cent in the June quarter in the biggest drop since the September 2018 quarter, as coronavirus-related lockdowns caused reduced demand.

Steven Deare

In the slow laneThe commute time stats driving case for higher density

New research has revealed peak travel time in Perth is getting worse, and property experts say the trend will increasingly affect housing prices.

Kim Macdonald

Grant rushWhere to find thousands of new blocks to hit the market

Don’t buy the fearmongering about a lack of blocks available in Perth. Some 3000 are on the market and a further 7500 are in the pipeline. Here’s where to find them ...

Kim Macdonald

Debt burdenLoan changes make it tougher for older homebuyers

The changes will not only affect those in their 40s and 50s looking to upscale to flasher digs, but also those hoping to buy their first home within 30 years of retirement.

Bruce Brammall

Plan rejectedSatterley will leave no Stoneville unturned

The developer is “considering all options” after planning authorities rejected a proposal for a new estate in North Stoneville, claiming it would have injected $550 million into the economy.

Kim Macdonald

Price plungeAustralia and Spain to see largest house price falls

Australia and Spain will see the largest falls in house prices in the rest of 2020, with the coronavirus pandemic derailing growth of the property market.

Danielle Le Messurier

Sales securedCivic Heart beats again as property sentiment rebounds

The $400 million Civic Heart project in South Perth is back on the cards, in the strongest sign yet of rebounding confidence in Perth’s property market.

Kim Macdonald

It’s a match!The mortgage ‘dating app’ pairing WA’s young homebuyers

Perth’s 20-somethings are turning to the equivalent of Tinder for homebuyers as they attempt to enter a market they have long felt priced out of.

Kate Purnell

What are your options?Work the levers before rolling dice on mortgage relief

The COVID-19 super early-release scheme and the newly extended home loan repayment holiday will be really helpful with a combination of good fortune and good management. Here’s why ...

Neale Prior

$45m hitPeet sheds projects, staff in $75m COVID savings drive

The developer is looking to offload ‘non-core projects’ with the aim of realising $75 million to meet the uncertain market generated by the coronavirus.

Sean Smith

Horror forecastWA homeowners told to brace for 12pc house price plunge

The grim outlook for the already battered property market was laid bare in NAB’s latest residential property survey and comes as the number of new home loans hits record lows.

Meilin Chew

Virus changeMillennials sacrifice lifestyle to lead property charge

Millennials are using the COVID-fuelled weakened housing market to increase their chances of owning a home, as they rethink spending to take on a mortgage.

Meilin Chew

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Dynasty’s $30m mansion on Donnybrook estate

A Hong Kong family worth billions of dollars is believed to have spent about $30 million building a massive country retreat on an historic farm in the South West.

Peter de Kruijff

Going up$92m, 32-storey terrace tower tick for Finbar

The most densely populated part of Perth is about to get busier with approval granted for a 32-storey Finbar apartment tower on Adelaide Terrace.

Kim Macdonald

Extra helpStruggling homeowners get more time to defer payments

Cash-strapped home and business owners will get another four months of loan relief after the announcement this morning that the payment deferral period would be extended beyond September.

Sarah Ison