News Articles for Tim Lawless

Perth continues to lead the nation with house price growth at 2.4 per cent as Sydney and Melbourne's growth dwindles.

Median home values in the state's capital increased by 1.9 per cent in October, outpacing national growth of 1.1 per cent.

Perth has experienced its fastest monthly growth rate in home values in more than one year, according to new data.

House prices in the state's capital continue to outperform the national rate of growth.

A new report has shown Perth's home values are continuing to rise at the fastest rate in the nation of the major capitals.

Cotality's recent construction index shows the state had the highest quarterly increase in costs in the nation.

New data on property prices has shown the highest growth since September last year.

Perth's house values continued to rise last month with the trend linked to the Reserve Bank's recent rate cuts.

The latest house price data shows that values in WA's capital grew at a faster rate than other states last month.

The latest data from CoreLogic shows that Perth's growth has been the fastest nationally in the past five years, but has slowed more recently.

ANALYSIS: The tier one builder's Victorian arm went into administration on Friday, leading to questions over the company's ability to take on projects in Perth.

Perth's median house price has seen a modest increase in February, losing its mantle as one of the fastest-growing markets.

Leading economist Tim Lawless says conditions are improving for growth in medium and high-density housing in Perth, but more could be done to incentivise supply.

The capital has lost its status as the nation's fastest growing city for house prices, pipped by Adelaide and Darwin in January.

House prices in the capital continue to outpace other states, after overtaking Melbourne last month.

The Reserve Bank's decision to keep rates steady will not have a material impact on the housing market, according to CoreLogic.

The city has continued to rise at a faster rate than any other capital, with a 2 per cent increase in CoreLogic's index to a $773,335 median.

The capital's house prices continue to grow at the fastest rate nationally, with a 2pc increase in June and 23.6pc rise over the year.

The Reserve Bank of Australia has again held the country's cash rate steady at 4.35 per cent, meeting economists' expectations.

The state's house prices continue to grow at a faster rate than other jurisdictions, with another 2 per cent jump last month and 22 per cent rise in the 12 months to May 31.

The city's median house price has reached another record high, with 2 per cent growth in April to $721,278.

The city has again outpaced other capital cities to reach a new peak house price.

The capital continues to outpace the rest of Australia, posting a 1.8 per cent increase in home values in February and an 18 per cent rise in the past 12 months.

CoreLogic has singled out Perth as a strong performer in the housing market, as it clocks up another rise in its home values.

Home values in the capital rose by 15.2 per cent in 2023, outpacing the national growth of 8.1 per cent.

The Western Australian capital recorded the strongest house price growth in the nation in November, with its largest increase in two and a half years

The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation's cash rate by 25-basis points to 4.35 per cent.

The city's home values rose by 1.6 per cent in October, the largest increase nationally and Perth's largest monthly increase in more than two years.

The city's home value index has grown by 0.9 per cent, exceeding national growth of 0.8 per cent in August.

The capital city outpaced national home price growth to hit a new high in median value.

The Reserve Bank of Australia has held the nation's cash rate steady for the month of August, its first consecutive pause since April last year, citing economic uncertainty.

The Reserve Bank of Australia has offered mortgage holders some relief after it held the nation’s cash rate target at 4.1 per cent following its July meeting today.

Perth's home value index has risen for the fourth consecutive month driven by an undersupply of new listings and record fast sales.

Perth was the only Australian city to show positive annual growth, with a 2 per cent increase in the last 12 months to a record $580,023.

WA's residential housing market has responded to demographic shifts over the decades.

Perth home values continue to rise in the past month with the median house price recorded as more than $570,000, according to recent reports by property groups.

Perth home values have risen in the past month, although property groups CoreLogic and PropTrack have released different findings in their March reports.

The city's home values tracked in line with the national average in February, with a modest drop of 0.1 per cent.

The median dwelling value of every capital city in Australia fell during the first month of 2023, however Perth held its own with one of the smallest declines.

Perth was the only Australian capital to show a lift in its home value index in December, with a $902 uptick in its median dwelling value.