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  1. Thousands of vacant Perth properties while renters plea for a roof

    19 April 2012 - 12:26 PM

    Quote

    Thousands of vacant Perth properties while renters plea for a roof
    Courtney Trenwith
    April 18, 2012


    Quote

    Tens of thousands of WA properties are vacant and not available to rent despite the state's desperate need for more accommodation.

    While renters are queuing up and offering bribes to secure a home, there are as many as 48,000 dwellings unoccupied across the state, according to analyst BIS Shrapnel.


    Quote

    But Mr Mellor said the figure remained significant and would make a major dent in the housing waiting list if those properties were added to the rental market or sold to first home buyers.

    "There's no quick fix [to the housing shortage]," he said.

    "The only thing would be if people who owned second homes ... rented it out.





    http://watoday.domai...0418-1x6st.html

  2. Flaying WA property market claims rates .05% too high

    25 June 2011 - 07:23 PM

    Quote

    Flaying WA property market claims rates .05% too high
    Courtney Trenwith
    June 25, 2011 - 9:30AM





    Quote

    The struggling West Australian property industry claims interest rates are half a percent too high and argue the Reserve Bank cannot responsibly raise them again this year.

    Satterley Property Group chief executive Nigel Satterley said the housing market was in an "alarming" state and could not sustain present interest rate levels.

    "The Reserve [Bank] have got to cut very, very quickly," he told business leaders yesterday.





    Quote

    "Something is happening out there psychologically, the market's responding.





    http://www.watoday.c...0624-1gjgh.html

  3. Property industry claims little interest in buying new homes

    30 May 2011 - 07:56 PM

    Quote

    Property industry claims little interest in buying new homes
    Courtney Trenwith
    May 31, 2011 - 2:01AM


    Quote

    The massive slump in new home sales recorded in Western Australia so far this year has more to do with a lack of interest than supply, according to industry representatives.

    Less than half the housing blocks made available by the government during the last financial year were snapped up by developers, compared to 81 per cent in 2006-07.

    Urban Development Industry Association chief executive Debra Goostrey said that indicated the problem was a lack of confidence in the market rather than poor land availability.
    Advertisement: Story continues below

    However, the property industry argued WA would struggle to climb out of its property stupor without help from the government.





    Quote

    The state's property market is experiencing its worst glut in 20 years, with activity down 15 per cent in the year to March.

    Figures released yesterday show a 10 per cent decline in new home sales in April - the worst in the country.

    At the same time, there are 50 per cent more existing homes for sale than required to meet demand, placing buyers and sellers at loggerheads over the appropriate price and stringing out the sale process, which in turn prevents home owners from purchasing a new house and land package.





    Quote

    Executive director Joe Lenzo said the government needed to offer stimulus for first home buyers purchasing new homes to help kick-start the market again.





    http://www.watoday.c...0530-1fcjl.html

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