Affordable blocks in new estates in developing Perth suburbs are literally selling within a minute.
Kim Macdonald
Homes buyers need capital gains, inheritance, shares - on top of the median income - to buy most homes.
Potential buyers will take nearly 11 years to save enough money for a deposit on a median-priced home in Perth, according to new data that shows just how hard it is to get into the market.
Rising youth homelessness in the Great Southern has prompted local groups to push for a “stepping stone” accommodation facility to house and support more than 50 young people for up to two years.
Melissa Sheil
The directors of disgraced builder Nicheliving have had their homes raided and phones, laptops seized as part of an ongoing investigation.
Rome wasn’t built in a day, but Perth needs to keep trying to build faster. Because in the meantime, more people are in danger of falling through the cracks.
Jessica Page
Most of Perth is officially in ‘rent stress’, with new figures cementing the city’s status as the most unaffordable in the country.
Perth has once again claimed the unenviable title of Australia’s most unaffordable capital for renters.
Kath Snell
Demand to buy a house among first home buyers has never been so intense.
The tiniest listed block selling in Perth right now is in Nedlands. But it’s not with a tiny price tag.
The majestic home is under offer, selling to a couple who could not quite forget it after first laying eyes on it 15 years ago.
Hosting the conference in Adelaide was going to cost us billions. Maybe it is best that we just cop this one up the bracket.
Mark Riley
A mother of three, who has resorted to sleeping on her friend’s couch to avoid living in her car, says she has little hope of obtaining State housing in the face of a two-year backlog in applications.
Oliver Lane
The local development was masterplanned by the architecture firm behind the Burj Khalifa in Dubai and One World Trade Center in New York.
Rockingham warns of 5km traffic jams without new roads, amid defence-fuelled population growth, as council prepares for 16,000 new homes.
Perth doesn’t seem to do things by halves, which is why the housing market has recently hit record highs, low and extreme changes.
Defence Housing is set to add an extra 200 homes to its property portfolio in this precinct each year.
Perth’s chronically undersupplied student housing market has received a boost with the early completion of a 30-level student housing development in the CBD.
New figures show an astonishing number of under 25s are fighting for just one crisis bed in the entire metropolitan area every night.
With a price-tag you would more commonly find in Peppermint Grove, Ascot has hit a staggering new property price record.
Amber-Jade Sanderson has warned the next generation could be priced out of inner-suburbs, unless Perth embraces high-density living.
Unrealistically low prices for homes have drawn the ire of authorities with new laws to slap steep fines but industry is sceptical of the lofty talk
Farid Farid
If nothing changes, housing is on track to be twice as unaffordable when today’s primary school children start house-hunting.
Western Australia has seen the biggest annual increase in mortgage sizes. Investors are flooding the market ahead of Labor’s five per cent deposit scheme for all first homebuyers.
Stephen Johnson
