NewsBite

WA residential property

This Month

Elevated borrowing costs and a concentration of apartments in transactions pushed Melbourne’s median home value below that of both Perth and Adelaide during the year.

Sydney, Melbourne house prices diverge as rates reshape market

The country’s two largest cities suffered during the first half of the year, but a pick-up since rates started easing has them both on a growth path.

May

Cliff life: The three-level house at 2 The Coombe, Mosman Park, in Perth’s western suburbs sold for $21.5 million.

Agent sells her own $21.5m home for a record

Real estate agents can be surprised when they get an unexpected offer – even on their family property, as just happened in Perth.

Experts warn lower homeownership rates will make poverty among retirees worse in coming decades.

Sydneysiders need $235,000 income for affordable housing: Jarden

Home buyers nationally need to earn an average of $161,000 to access an affordable home across the country according to a new report. In Sydney, it’s $235,000.

House prices hit a new high ahead of the election

House price growth is poised to gather steam next week and another interest rate cut this month, according to analysts.

April

House prices in every electorate in Melbourne fell since the last election.

The electorates where house prices rose (and fell) the most

One in 15 electorates jumped more than 30 per cent since May 2022, but values fell in 60 seats according to a new analysis.

Advertisement
House prices jumped to records across several affordable suburbs in Sydney’s outer ring areas over the past three months.

The suburbs where house prices hit records

Expectations of deeper rate cuts along with demand-boosting Labor and Coalition housing policies could spark a sharp increase in prices this year, say analysts.

Average house prices surged 13.1 per cent a year in Howard’s 11 ½ years in power – far and away the biggest gain of any national leader in the past 35 years.

3 charts that show why housing is a key battleground for PMs

Residential property values have surged almost five times as much under Coalition governments than Labor ones over the past 35 years. Here are the reasons.

The suburbs where house prices are rising (and falling) the most

House prices are climbing across more suburbs in Sydney and Melbourne as the recovery gathers steam.

The pace of house price growth eased dramatically in Sydney as the number of new listings grew.

Home prices climb to record high

The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.

March

The three-bedroom, two-bathroom family house on 521 square metres at 16 Conochie Crescent, in Perth’s Manning sold at auction for $1.46 million.

Buyer pays $190,000 above their own pre-auction offer to secure home

The vendor was happy with the strength of bids made during the campaign but pushed it to auction anyway – and it was worth their while.

Sydney’s affluent eastern suburbs are now among the most favourable housing markets for deep-pocketed buyers after prices fell as much as 13 per cent in the past year.

Wealthy suburbs turn to buyers’ markets as house prices slump

Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.

Where coastal property prices are hot

Despite an initial pullback in demand following severe storms or cyclones, house prices along the coast can show remarkable growth over the long term.

Nearly half of all apartments sold in central Melbourne during the December quarter were unprofitable due to poor capital gains, according to CoreLogic.

Last quarter’s least and most profitable housing markets revealed

Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.

Melbourne home buyers are becoming more bullish as the market starts to recover.

Melbourne’s home buyers turn bullish after rate cut

The city’s housing market recovery is forecast to gather steam as buyers embrace a better borrowing environment.

Richard Laettemaegi in Melbourne.

Melbourne’s housing values snap 10-month decline

Melbourne and Hobart lead the abrupt recovery, while Perth, Adelaide and Brisbane slowed sharply.

Advertisement

February

There are many tax incentives for residential property investment, but not so much for investment in innovative enterprises.

Which suburbs have become affordable after the rate cut?

A number of desirable suburbs that were previously unaffordable are now within reach for high-income and median-income earners, according to CoreLogic.

Demand for apartments in Perth is hotting up.

Home in ‘last affordable frontier’ goes for $760,000

Price growth may be slowing in this city, but some market niches are booming – precisely because other levels have priced buyers out.

Melbourne property investor Khaysan Kimberlin and her dog Willow in Richmond.

Is the worst over for Melbourne’s housing market?

Pockets in the city are starting to bounce back as first home buyers and investors take the plunge, buyers’ agents say.

Jess Fitzgerald at her home in Burleigh Heads, which she is confident of getting a high price for at auction.

Slowing Perth, Brisbane housing markets boost affordability hopes

An improvement in housing affordability could drive demand back into the market, but is unlikely to spark a sharp rebound in prices, experts say.

January

Christian Cuneo in Mereweather Beach Newcastle.

Second wind for regional housing markets as exodus resumes

High costs of living and soaring house prices are fuelling another wave of regional migration, experts say.

Original URL: https://www.afr.com/topic/wa-residential-property-hw3