Posts area Latest 1 of 1 Latest posts Latest posts 7.33am Is it a good time to buy a house right now in WA? Potential home buyers may find it hard to borrow enough money to buy a place to live now – but those who manage won’t find a healthy number of properties for sale to choose from. It’s a clear sellers’ market in Perth and Adelaide, where prices are rising and buyers face competition, there were more sales than new listings.
Melbourne homeowners have been pushing ahead with listing their homes for sale even as values have edged lower. There were 21,145 property sales over the three months to July, on CoreLogic figures, but 26,590 new listings, making it a buyers’ market. In Sydney, supply and demand looked closer to being in balance with a slight upper hand to sellers, at 21,533 sales, but 20,587 new listings.
It was a similar picture in Brisbane, even though values were rising more strongly. The figures come after higher interest rates slashed how much potential buyers could borrow, while home prices have not followed suit. Westpac senior economist Matthew Hassan said Perth had less inventory on the market than its long-run average.
“Is the price and interest rate situation conducive to purchasing at the moment,” he said. “That’s clearly not the case, affordability is pretty poor everywhere and buyer sentiment in that sense is pretty weak everywhere. “Buyers might not be that happy to be buying, but they have slightly the upper hand in Melbourne, and it’s an even match in Sydney, and it’s totally a seller-dominant market in Brisbane, Adelaide and Perth.
” 7.32am Across the nation and around the world Here are today’s headlines at a glance. Labor has given ground in hard-fought talks with the Coalition to overhaul aged care services for hundreds of thousands of older Australians, clearing a key obstacle toward a new regime that asks wealthier people to pay more for their care.
Potential home buyers may find it hard to borrow enough money to buy a home now – but those who manage will find a healthy number of properties for sale to choose from. Donald Trump says that “Comrade Kamala” Harris’ economic plan is “full communist”. He also claims that she’s shamelessly copied his economic plan.
So which is she – a communist or a plagiarist? Illustration by Dionne Gain Deep down, we’ve always suspected what Australia’s richest people really want is to be loved. The “anxious billionaire” thesis explains much of Gina Rinehart’s recent behaviour, from fostering a cult of personality among our swimmers, to waging a proxy war with fellow mining magnate Andrew “Twiggy” Forrest. One man died and six people were missing, including British tech entrepreneur Mike Lynch and his daughter, after a luxury yacht was struck by an unexpectedly violent storm and sank off Sicily early on Monday.
It had been one year since *Grace and her children fled her violent ex-partner. Comforted by the thought he did not know where their new house was in Sydney, she sat with her children on the front porch of her safe haven. Then suddenly, her ex-partner came at Grace from behind, having broken into her home.
7.32am Today’s weather Advertisement 7.32am Good morning Good morning readers, welcome to another live blog.
This morning, Mark Naglazas continues his series getting to know the people of Perth, presenting in their own words the stories of their lives and the issues important to them: from love, marriage and parenthood to careers, achievements and more. Today, he speaks with three locals about what life is like after retirement. Retirement has allowed Janet to both reflect on and appreciate what she is doing.
Credit: Mark Naglazas And we have continued our ‘Three Things I Love’ series, speaking to one of Perth’s most celebrated volunteers, 19-year-old Maisara Muzaffar , about her favourite things in WA. Stick with us as we bring you more news later today. Latest 1 of 1 Latest Most Viewed in National Loading.
