Gary Dempsey Developments is set to take full ownership of a 1,500 square metre Scarborough block with uninterrupted ocean views after reaching an agreement with Cape Bouvard.
Banks will pass on as much relief to customers as they can should the Reserve Bank board cut its key interest rates on Tuesday, the peak industry body says.
CoreLogic's national home value index recorded positive growth for October, with Perth's housing values up 0.6 per cent amid a tightening rental market.
Perth's residential vacancy rate continued to decline over September to 0.96 per cent – only the third time in 40 years it has fallen below 1 per cent.
South Australian-based DiMauro Group has appointed Colliers International to manage the Armadale Shopping City, following the settlement of the group's acquisition this week.
Perth's housing value remained steady through September as economic conditions in Melbourne and Sydney weighed negatively on the national market, according to new CoreLogic data.
Southern Cross Care WA's proposal for a six-storey aged care facility in Jolimont, located within the Parkside Walk precinct, has been given the green light.
Property market analyst CoreLogic recorded a fourth month of decline for Australia's housing values, but trends are starting to diverge across cities, with Perth's dwelling values steady.
Property market analyst CoreLogic has reported that Perth's housing values dropped again in July, with both CoreLogic and AMP Capital expecting prices to continue falling amid COVID uncertainty.
More than 87 per cent of houses across Australia resold for a profit over the March 2020 quarter, with only a minor portion affected by COVID-19 according to CoreLogic.
Perth's real estate leaders say the residential property market is shaping up to be more resilient to pandemic-induced fluctuations than initially anticipated.
Perth is one of five capital cities to record a drop in housing values over May, with Australian data posting its first month-on-month decline since June last year.
The state's property market was on the cusp of recovery pre COVID-19 according to CoreLogic, which recorded four consecutive months of Perth dwelling value increases in early 2020 – the longest stretch of capital growth since 2014.
A plunge in sales activity due to the COVID-19 crisis has not yet had a material effect on house prices, with Perth's median nudging up slightly in April, according to CoreLogic.
The Reserve Bank of Australia has left the cash rate at 0.25 per cent and reaffirmed a 25 basis-point yield target on three-year Australian government bonds.
The value of Perth's houses increased 0.5 per cent in the month of March, strengthening the recovery underway for the past six months, but the onset of COVID-19 means the recent gains are unlikely to continue.
Perth's median house price rose slightly in February, with the latest set of data from market analysts CoreLogic indicating a gradual recovery in home values could be taking hold.
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.5 per cent as it acts to soften the economic impact of the coronavirus, with Australia's "big four" banks each announcing they would pass on the rate cut in full.
Perth housing values remained flat during January in contrast to most other capital cities, which experienced strong growth in December to finish out 2019 on a positive note, according a report from CoreLogic.
House prices in Perth were steady in December, with days on market reducing and listings also falling, while the rental market has continued to exhibit improved conditions for landlords.
Fresh data on Perth's residential property market points to a long-awaited recovery in 2020, with sales activity tracking higher in the second half of 2019 and supply starting to tighten across in-demand suburbs.
The housing recovery has finally reached Perth, with dwelling values edging 0.4 per cent higher in November to record the city's first month-on-month rise since early last year, according to the latest report from CoreLogic.
Perth's residential downturn has provided a strong boost to housing affordability, but there remains just two regions in the city where it is cheaper to buy than rent.
House values in Perth are expected to hit a trough next year according to the latest report from CoreLogic-Moody's Analytics, which has pushed out its predicted recovery to 2021.
The Real Estate Institute of Western Australia's latest data has confirmed the dire market for Perth's homeowners, but Floreat, Karrinyup and Mindarie were among the handful of suburbs to record a positive median price shift.
The median price of a house in Perth recorded the largest decline among all state capitals for September, with the slump over the past five years now surpassing 20 per cent, according to the latest CoreLogic data.
Lending to investors and first homebuyers in Western Australia is showing early signs of a rebound from its record slump, according to the latest seasonally adjusted data from the Australian Bureau of Statistics.
The median price of a house in Perth decreased by 0.5 per cent for August, recording the largest fall of all state capitals, according to the latest CoreLogic data.
Perth's house price woes have worsened further, after it recorded the sharpest decline in median price among Australian capital cities in June, according to the latest CoreLogic data.
Property owners are continuing to feel the brunt of the city's residential downturn, with the number of Perth house transactions occurring for a loss hitting all-time highs.
Axiom Properties has launched its first Western Australian project since it exited the Port Geographe canals subdivision near Busselton in 2011, acquiring a three-hectare retail site in Butler for $9.6 million.
Perth house prices recorded the biggest decrease amongst state capitals for June, continuing the long-term slump, according to CoreLogic data released on the same day the state government's Keystart stimulus began.
International hotel group Hilton has chosen Albany to open its first Hilton Garden Inn in Australia, with construction starting on a five-storey, 108-room waterfront hotel this week.
The Reserve Bank of Australia has cut the cash rate to 1.25 per cent, a day after CoreLogic data revealed Perth house prices continue to fall more sharply than other state capitals.
