The Blog

Perth’s median house sale price set a new record in March 2024, rising 2.5 per cent to $620,000 according to REIWA.com, with CEO Cath Hart advising the ongoing strong demand for homes has continued to put upward pressure on prices. WA’s population also continues to increase at a near record rates – up to 3.3 […]

In January 2024, REIWA.com data reported an increase in Perth’s median sale price to $600,000, which is 9.9 per cent higher than January 2023. This is also a new record for Perth and, according to REIWA.com, Perth housing prices are set to grow a further 10 per cent in 2024. The raft of interest rate […]

In December 2023, Perth’s median house price reached $590,000, a 0.5 per cent increase on November, and 8.3 per cent higher than one year ago. Perth’s median rent remained stable at $600 per week, although 15.4 per cent high than the same time last year. And homes sold in a median of 10 days in […]

REIWA’s 2023 property market quarterly update reports Perth has seen new records to housing prices, the median time to sell, and a new record low in the number of listings advertised for sale. With WA’s population growing 2.8 per cent in the year to March (the most growth in the country), the appetite for WA […]

Strong demand is maintaining pressure on Perth property market.  In August, Perth’s median house price rose to $562,550.  The number of properties for sale in Perth was 5,170, which is 36.8 per cent lower than 12 months ago. New properties are coming onto the market, however high demand is seeing active buyers snap up anything new as […]

In July, Perth’s median house price rose 0.9 per cent higher than June, and 4.7 per cent higher than a year ago, to a new high of $560,000. CoreLogic’s Perth home value index also increased 1 per cent in July and 3.2 per cent over the past three months. Listings for sale in Perth fell […]

Traditionally, new listings decline over Winter and in June the number of properties available for sale in Perth fell to 5,384, which is 4.4 per cent lower than May and 37.5 per cent lower than one year ago.  We are experiencing unique conditions with high demand being fuelled by population growth, along with more people […]

Did you know that no matter your real estate needs, the team at C&CO Real Estate has you covered across Fremantle’s southern suburbs?  In addition to our knowledgeable local area sales team, C&CO Real Estate also offers a comprehensive and innovative property management service tailored to optimise the return on your investment. With a current […]

The cooler weather is upon us this week, and Winter is on its way, bringing with it some typically cold, wet and windy days.  According to the real estate calendar, and historically speaking, Spring (not Winter) has always been known as the peak and preferred selling season.  Sellers have been known to hold off listing […]

CoreLogic’s Perth home index increased 0.6 per cent in April 2023, 1 per cent over the quarter and 1.3 per cent over the year. Along with Adelaide, Perth is the only capital city to show growth over the last 12 months. We haven’t seen the significant price drops experienced in East Coast markets and with […]

While rising interest rates, inflation, and some economic uncertainty may have dampened homebuyer demand around the country, it has been a very different story here in Perth, particularly for our rental market.  And it appears our pretty city has all the ingredients to become one of the nation’s stand-out property performers over the coming couple […]

After the whirlwind that was 2022, it was time to look ahead to 2023, with the big question on everyone’s lips: “What will happen if interest rates rise again?”  Interest rates have always been in a state of flux, so we have to expect them to move up and down.  However continuous monthly increases by […]

At the end of March 2023, reiwa.com confirmed Perth’s very active market continued with properties selling in just 13 days (the fastest median time to sell in the past 23 years was 12 days back in March 2021). March is normally a strong selling month and despite 10 consecutive interest rate rises, March 2023 was […]

At the end of February 2023, reiwa.com confirmed Perth’s rental vacancy rate to be 0.7 per cent. To put this into perspective, during a balanced market, this rate sits anywhere between 2.5 per cent and 3.5 per cent. September 2018 was the last time the rate was over 3.5 per cent, (at 3.8 per cent) […]

Despite eight consecutive months of interest rate increases, Perth’s property market held steady in 2022. Corelogic’s Perth home value index decreased marginally in January, down 0.3 per cent from December and down just 0.1 per cent since October 2022.  Perth’s median house price sits at $540,000.  All capital cities recorded declines during January 2023. According […]

Despite the September 2022 quarter seeing a decline in the residential property market nationally, Perth maintained its title as the most affordable Australian capital city by median price, with home values remaining relatively stable across the period.  Indeed, “…the Perth market is holding up well in the face of interest rate rises, supported by a […]

According to CoreLogic’s home value index and REIWA CEO Cath Hart, Perth home values were relatively stable in October with Perth having the smallest decline out of all the capital cities in Australia, with a 0.2 per cent as compared to Brisbane’s home value index decline of 2.0 per cent and Sydney’s decline of 1.3 […]

Despite CoreLogic’s Perth home value index declining 0.4 per cent in September, Perth remains in a better position that other Australian locations with strong buyer demand and many properties still selling quickly! REIWA.com data revealed there were a number of Perth suburbs to record strong house price growth in September. Low availability of properties to […]

Year after year, we see housing affordability on the agenda when it comes to the Federal Budget – and this year is certainly no different! With the recently released Federal Budget  making headlines right now, and Treasurer Josh Frydenberg doing his best to peddle the benefits of this year’s budget to everyday Aussies, those of […]

The extension of Western Australia’s stamp duty rebate for units sold off the plan will help increase the supply of apartments and attract investors back to the market, property sector stakeholders say. The rebate for off-the-plan residential units and apartments was extended for another two years – at a reduced rate – at a cost […]