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Housing Market

Housing MarketPremiumHouse flipping enters risky business realm

Once a reliable investment strategy, property flipping in the current climate carries an elevated risk of being left out of pocket, real estate exerts say.

Staff Writers

Innovative solutionCommentsPremiumCBA launches new digital home loan called Unloan

Australia’s biggest lender has announced the launch of a new digital home loan that it says customers looking to refinance can apply for in just 10 minutes.

Caitlin Paroczai

‘Loose unit?’VideoCommentsScoMo still vague on super policy’s impact on house prices

Scott Morrison has refused to answer questions for a second consecutive day about the impact on house prices of the Coalition’s flagship re-election policy.

Peter Law

Watch NowVideoPremiumUp Late: Cost of raiding your super to achieve housing dream

In tonight’s show Ben Harvey calculates the real cost of raiding your superannuation to buy a home and reveals some fine print that could trap first homebuyers.

Up Late | Mon, May 16

opinion
opinion
‘Planning disaster’CommentsPremium
opinion
ScoMo’s super housing policy desperate pitch of dying regime

It is sad when a party that claims to have a superior grasp of economics can come up with a policy that will have the opposite effect to what is supposedly intended and make life even harder for young Aussies.

Neale Prior

Not watertightCommentsMcGowan says Libs’ housing plan ‘vandalises the economy’

Anthony Albanese and Mark McGowan have looked to tear down the Government’s new plan to get first home buyers to use their super to enter the property market, describing it as an ‘attack on future generations’.

Annabel Hennessy

‘Craziest idea’CommentsLabor blasts Morrison over ‘desperate’ super housing policy

Labor says young people should not have to ‘raid their super’ to buy a home, calling a new policy from the PM a ‘desperate act’ as Opposition Leader Anthony Albanese starts the final week of his campaign in WA.

Annabel Hennessy

Aussies will ‘prevail’CommentsSuper scheme sees embattled Scomo turn to Gen Y voters

Scott Morrison has set up a battle with Labor over housing affordability in the final week of the election, using the Coalition’s campaign launch to target the “aspirations” of younger voters.

Peter Law

‘GAME-CHANGER’CommentsMorrison to help first home buyers overcome major hurdle

First homebuyers will be able to use their superannuation to get in the property market, Scott Morrison has announced in a pitch to younger voters at the Coalition’s official campaign launch on Sunday.

Peter Law and Josh Zimmerman

The West Australian exclusive
The West Australian exclusive
Housing incentives CommentsPremium
The West Australian exclusive
ScoMo’s sweetener for empty-nesters to downsize

Prime Minister Scott Morrison has put housing back in the election spotlight, offering older Australians more incentives to downsize their homes and enjoy the extra money.

Joe Spagnolo

Fact CheckerCommentsPremiumCan Clive Palmer’s party really cap mortgage rates at 3pc?

The billionaire’s party has made a bold pledge to cap home loan interest rates at 3 per cent for the next five years. But can it it be done, and what would it mean for the economy?

John Flint

‘No quick fix’CommentsPremiumHuge tax break for rental apartment developers unveiled

A tax break aiming to stimulate build-to-rent apartment developments in WA is part of a string of measures in the Budget designed to address the housing crisis — but their impact won’t be felt for some time.

Rebecca Le May

opinion
opinion
‘Just no, Boomer’CommentsPremium
opinion
Your sacrifices not a basis for lecturing young homebuyers

The great rate debate has divided the generations. But sacrifices are something that are best born with humility and are not a basis for lecturing young people living in a new world with different challenges.

Neale Prior

The West Australian exclusive
The West Australian exclusive
Only up CommentsPremium
The West Australian exclusive
Interest rate hike not expected to hurt Perth house prices

Perth property prices are still expected to rise by 10 per cent this year despite fears interest rate hikes would flatten demand.

Kim Macdonald and Rebecca Le May

Home loan painCommentsInterest rate hike sparks row between generations

A generational chasm has opened up over Tuesday’s rate hike with millennials lashing out at claims their home loan hardships don’t come close to that of baby boomers who once paid double-digit interest.

Kim Macdonald

‘Perspective’ CommentsPremiumYou call THAT an interest rate rise? Try 17 per cent

A Perth retiree says today’s mortgage holders need to keep the Reserve Bank’s decision in perspective, claiming they have it easy compared with the 17 per cent interest rates he once paid.

Kim Macdonald

Residential recoveryPremiumPeet tips big profit improvement on improving sales

The residential developer's shares gained as much as 5 per cent as the company tipped an 80 per cent lift in annual earnings.

Sean Smith

opinion
opinion
Tick, tick ... boom?CommentsPremium
opinion
The one question every boom-time buyer should be asking

Long-suffering investors who snapped up property during the last resources boom have a big decision to make. And there’s just one question they should be asking themselves right now.

Nick Bruining

Length mattersCommentsPremiumWarning for Perth property investors chasing a fast buck

First-time property investors advised to do their sums in the face of a rising interest rate scenario

Nick Bruining

Gotta be dreamin’CommentsPremiumWhy this 2001 home ad proves we’re not getting bang for buck

With an election rate rise looming, The West travels back in time to see if houses really were cheaper 20 years ago — and to find out what became of the Great Australian Dream.

Kim Macdonald

Bruining Q+ACommentsHow to keep your pension in inherited house sale

I have just inherited a house and plan to sell it for $900,000. If we bought another house for $1.5m and then sold our current home for $900,000 would we will still be eligible for some pension?

Nick Bruining

‘Help to buy’CommentsPremiumAlbo to unveil home buying help plan at WA campaign launch

Anthony Albanese will rally 600 Labor members on Sunday at the party’s campaign launch, unveiling a plan to help up to 10,000 low and middle-income earners with lower mortgages, deposits and repayments.

Lanai Scarr

Boom townCommentsPremiumPerth sets new median house price record

Perth houses have reached their highest ever median price – with the value now surpassing the last peak from more than seven years ago.

Kim Macdonald

Hard timesPremiumRental homes slim picking for low income earners

Minimum-wage workers can afford only 2 per cent of rental homes, according to survey results that should ring alarm bells for governments.

Phoebe Loomes