Housing Market

Community hub$30m plan to revamp Maylands’ Lyric Lane Theatre

The proposed redevelopment will front Eighth Avenue with the back facing Lyric Lane, which is home to bistro and music venue Lyric Lane, Rossonero Pizzeria and Seasonal Brewing Co.

Kristie Lim

Warning signsWhiplashed $7tr housing market faces big stress test

While the housing strength is good news for the economy’s recovery further gains risk fuelling the bubble that is destined to pop one day, leaving a trail of bad debts.

Michael Heath

How low to go?Banks in race to bottom to find floor for home loans

It started as a trickle in July, and there’s now a flood of lenders offering home-loan interest rates below 2 per cent.

Anthony Keane

Perth’s property surgeKids moving out after ‘living with parents in lockdown’

Premier Mark McGowan says some of Perth’s property surge can be linked to youngsters looking to move out of home to ‘get away from mum and dad’ after coronavirus lockdown.

Kim Macdonald

Property price surgeRevealed: WA’s seven most sought-after suburbs

Perth’s property industry has welcomed forecasts that house prices are tipped to rise 12 per cent next year, with these seven WA suburbs already showing strong demand.

Caitlyn Rintoul & Ben O'Shea

‘Encouraging sign’Aussies ‘bouncing back’ with surge in loan repayments

Australia’s economy recovery is gathering pace, with two-thirds of all loans deferred now being paid back in full.

Lanai Scarr

Going upBoom time may be back for Perth property prices

Perth property prices are tipped to jump by an astonishing figure next year, with economists predicting prices growing at a rate last experienced during the mining boom.

Kim Macdonald

Safety nightmareFamily’s plight to save their sinking home

Half of a house in Yanchep has sunk several centimetres over the past decade, with a geotechnical report claiming land developer Peet failed to properly compact the lot.

Kim Macdonald

Supply squeeze$47m rental project to offer relief in tight market

The chronic undersupply of rental properties in Perth is set for a boost, with a US property investor committing to a new $47 million build-to-rent development.

Kim Macdonald

No changeCBA, Westpac, NAB refuse variable rate cuts

Two of the big four banks have moved on the record-making interest rate cut announced by the Reserve Bank of Australia but have refused to pass on relief to those with variable mortgages.

Sarah Ison

Big four waitThe small lenders already passing on RBA’s rate cut

Within hours of the central bank cutting the cash rate to a new record low, five smaller lenders had trimmed their variable home loan interest rates. The big four could take weeks to make a move.

Gerard Cockburn and Rebecca Le May

Extra helpCBA puts a freeze on forced home sales

Australia’s largest bank will implement a freeze on forced home sales for customers who have defaulted on their loans due to the pandemic.

Gerard Cockburn

New reportWA leads new home builds amid rental crisis

There is hope for WA’s tight rental market with new figures showing monthly approvals for new homes jumped more than 40 per cent.

Kim Macdonald

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Rove’s $2m splash on Perth coastal mansion

Say hi to your neighbour for me. Rove McManus and his talented actress wife Tasma Walton are set to spend more time in WA after buying a five-bedroom beachside mansion.

Kim Macdonald

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rental health crisis
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Landlords eye 20pc rent increase when COVID ban ends

The Real Estate Institute of WA says rents have risen by 10-20 per cent for new tenants, with a further 20 per cent jump expected in late March when COVID-19 tenant protection ends.

Kim Macdonald

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Up and up
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Subi master plan to allow 30 storeys

Buildings up to 30 storeys high would be allowed at two locations within the Subi East master plan, released this week by the State Government.

Kim Macdonald

Locals objectNedlands high-rise naysayers resort to virus threat

The anti high-rise sentiment has hit an absurd high, with some Nedlands residents complaining an upcoming complex would attract renters and high-density living could spread the coronavirus.

Kim Macdonald

‘incredible jump’Boom in the north as Karratha house prices rocket

Houses in the Pilbara mining town are jumping in value by nearly $3000 a week, as an influx of Perth investors join the rebounding market.

Kim Macdonald

‘Diverse’ optionsSocial housing coming to exclusive Perth suburb

Housing Minister Peter Tinley says it’s ‘high time’ social housing made its way to one of the most elite suburbs in Perth.

Water saverNew Hamilton Hill development top of its class

Residents at the upcoming estate on the former high school site will, quite literally live on top of the former school, and like the school’s former students, learn a thing or two from the site.

Kim Macdonald

Work extensionWin for homebuyers stuck in construction bottleneck

Builders will get more time to start work on new homes under the State Government’s $20,000 grant program following reports of a land and labour squeeze in the rush to access the money.

Kim Macdonald

Be awareLending changes perfect cover for dodgy spruikers

Scrapping responsible lending laws will make it much easier for real estate scams to operate.

David Huggins

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Peter Tinley
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Housing strategy can help West Aussies and drive jobs

Housing is fundamental to our wellbeing. This is why the McGowan Government has developed a strategy for social and affordable housing for the next decade, writes WA Housing Minister Peter Tinley.

Peter Tinley

SOLDCOVID boom? Perth houses snapped up quick

Perth property is selling in less than a fortnight in popular pockets of Perth — and homes in some suburbs are selling five times faster than they were last year.

Kim Macdonald