APRA 'very unhelpful' to Perth market
Banking regulator's latest restrictions could stifle WA's housing market just as it comes through the worst.
Banking regulator's latest restrictions could stifle WA's housing market just as it comes through the worst.
Sydney and Melbourne's sizzling housing markets stepped up the pressure on buyers last week as both cities recorded auction clearance rates of over 80 per cent.
The improvement in WA and decline in NSW points to the emergence of a new picture of regional disparities in housing.
Auction activity is running hot in Australia's east-coast markets and investors remain keen to snap up properties.
Australia's housing market accelerated in the final three months of last year at its fastest pace in at least five years to $656,800.
Foreigners continue to be able to purchase new apartments "off the plan" even in major capital cities with record local demand. This does not happen in China.
Both parties are proposing changes that would affect the state's moribund property industry.
While overall picture is better than a year earlier, rising mortgage values pose a risk for first-home buyers.
Sydney's residential property market has started the year with a strength that resembles the heady days of 2015.
Auction markets in the two largest cities picked up from where they ended last year.
Finbar managing director Darren Pateman believes that sentiment about the Perth apartment market is improving.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in