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House prices up in eight regional centres during June quarter


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House prices up in eight regional centres during June quarter
Eight of Western Australias nine regional centres experienced median house sale price growth in the June 2021 quarter, with Port Hedland experiencing the biggest growth rate of 8.8 per cent.
REIWA President Damian Collins said this marked the fourth quarter in a row that most regional centres had recorded an increase in median house sale price.
Regional WAs recovery is tracking well. Its pleasing that the states strong market conditions are not just contained to Perth, but are being experienced across the regions,” Mr Collins said.
On an annual basis, reiwa.com data shows all nine regional centres recorded median house sale price growth, with five centres recording more than 20 per cent growth in the year to June 2021. ....

Western Australia , Port Hedland , Damian Collins , Western Australias , மேற்கு ஆஸ்திரேலியா , போர்த் ஹெட்லாண்ட் , டாமியன் கோலின்ஸ் , மேற்கு ஆஸ்திரேலியாக்கள் ,

Off-the-plan stamp duty rebate needs to be formalised


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Off-the-plan stamp duty rebate needs to be formalised
With one-third of all unit purchases in 2020 estimated to be off-the-plan, REIWA is calling on all political parties to maintain this momentum by formalising the stamp duty rebate for off-the-plan purchases if elected.
REIWA President Damian Collins said it was important the off-the-plan stamp duty rebate becomes a permanent feature of Western Australias property tax system to secure ongoing construction jobs and limit urban sprawl.
The current 75 per cent stamp duty rebate for off-the-plan construction apartments has been essential in ensuring an ongoing pipeline of projects. We firmly believe that without this ongoing incentive, the demand for WA apartments will soften, impacting the steady supply of diverse housing and the creation of jobs for West Australians, Mr Collins said. ....

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