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Australia’s most unaffordable housing markets: SYDNEY: Debt-to-income ratio of 11.3 based on median house and unit price of $1,122,430 and NSW average, full-time salary of $98,675 BRISBANE: Debt-to-income ratio of 8.2 based on median house and unit price of $796,818 and Queensland average, full-time salary of $97,115 ADELAIDE: Debt-to-income ratio of 7.9 based on median…

Perth overtakes east coast to become Australia’s hottest capital city property market The Australian property boom has shifted from east to west, with buyers and renters tussling for a limited number of Perth homes and creating a housing crisis for those left behind. Perth has become the hottest selling market among state capitals, with homes listed for…

WA is facing a shortage of about 20,000 homes within four years, with fears this will keep local house prices rising. The Real Estate Institute of WA said the State needs to build 19,500 homes a year to keep up with population growth, new demolitions and to address the existing shortage. But official ABS figures…

Housing Minister Michael Sukkar and Treasurer Josh Frydenberg have announced an extension of the construction commencement deadline under the HomeBuilder program and now all HomeBuilder applicants will have 18 months to commence construction from the date the contract was signed.

A one-off payment of up to $10,000* to encourage and assist first home buyers to buy or build a residential property for use as their principal place of residence. You may be eligible for the First Home Owner Grant (FHOG) If you are buying or building your first new home. Learn More.

A $25,000* grant to eligible owner-occupiers (including first home buyers) to build a new home or substantially renovate an existing home. The Federal HomeBuilder Grant can be used simultaneously with the $20,000 WA Builder Bonus Grant and $10,000 WA First Home Grant for eligible buyers. Learn More.

A grant of $20,000* for eligible applicants who enter into a contract to build a new home on vacant land, or enter into an off-the-plan contract to purchase a new home as part of a single-tier strata scheme. The $20,000 WA Building Bonus Grant can be used simultaneously with the $10,000 WA First Home Owners Grant and…

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Its Official! The Perth Property Clock has hit bottom of the Market. Now is the time to get your new Build underway before Prices begin to rise. Source: Herron Todd White