Regardless of whether the proposed changes are right or wrong, they will likely make it quicker for millions of Australians to get loans from banks and finance companies.
Neale Prior and Nick Bruining
Two of Australia’s biggest banks have slashed interest rates on a suite of home-loan products in what’s shaping up as the start of a lending war.
WA’s home sales outperformed the nation across the past three months after Government building grants were opened but an industry body has warned of the ‘challenges’ around the construction deadline.
Caitlyn Rintoul and Jenna Clarke
The flow-on from investment in infrastructure is sorely needed to offset COVID’s impact.
The WA Government is seeking to create a new set of guidelines that would ensure the design of individual dwellings that contribute to green, livable and well-ventilated spaces.
Applicants have only scratched the surface of two multimillion-dollar rent support grants put in place to help landlords and tenants through the pandemic.
Employer groups are fighting controversial proposals for new industrial manslaughter laws that would jail employers for up to 20 years, set to be debated in the Upper House this week.
A leading economist expects the Reserve Bank will hold fire on cutting the cash rate any further amid rumblings on financial markets it could be reduced to 0.1 per cent.
WA’s peak real estate body has warned that Perth is facing a rental squeeze as vacancies fall to their lowest point since 2007, with six suburbs in the metropolitan area having none at all.
BRUCE BRAMMALL: If your variable rate is more than about 3.25 per cent, your bank is laughing at you. If it starts with a four, the bank’s shareholders are too.
A Scarborough man has become the first person in WA to be charged with fraud over applications for the State Government’s $20,000 Building Bonus Grant.
One of the great neighbourhood disputes on WA’s most expensive street has finally ended, with the upset neighbour finally selling her home for more than $10 million.
Australians appear to have a spring in their step after suffering the doom and gloom of the pandemic, with people becoming more ready to take on a home loan.
Not even the biggest housing stimulus package in history is enough to pull the WA residential construction sector out of its long-term slump, according to official figures.
Coronavirus is not the only driver behind the high number, with the mining downturn still largely to blame for problems in pockets of WA.
CoreLogic says large numbers of distressed properties coming to the market remains a risk as fiscal support tapers and lenders become less lenient on overdue borrowers.
Uncertain about when the virus pandemic will end and what a post-COVID life in the big cities will be like, city-dwellers are snapping up property in the South West.
The state’s new home building incentive is so popular that Mark McGowan expects the State Government will need to splash more cash on the $117 million scheme, as expats boost demand for homes.
Peter Law & Kim Macdonald
The group fell to a previously flagged annual loss of $30m and, despite a recovery in sales, says it is preparing for the end of stimulus measures.
INSIDER: Finbar’s Darren Pateman and John Chan have won the long-running battle for their $400m Civic Heart project in South Perth but how will COVID-19 shape their future plans for the city?
Developer Nigel Satterley and the Anglican Church are appealing against a recent decision to reject plans for a new townsite in the Hills area.
The Property Council is calling on the State Government to champion the build-to-rent sector, through tax incentives and discount land, as Perth suffers a rental shortage.
Plans to grow student accommodation in Perth to 8500 beds come as international scholars have been largely locked out of the State amid its border closure.
This home has seen its value jump by $67,000 in three months with agents claiming a flood of returning expats and east coast workers are putting price pressure on some pockets of Perth.
© West Australian Newspapers Limited 2020