Author
Gerv Tacadena is a journalist writing for Your Mortgage and Your Investment Property, which are part of the Savings Media Group. With a keen interest in the mortgage industry and housing market, he aims to help inform and educate Australians on the latest property news and updates.
Western Australia's dramatic downturn in sales activity — from 89,000 in 2005 to 39,000 in 2018 — appears to be a clear indication of the state's flailing property market, signalling the need for policies that could make it attractive again for homebuyers and investors.
There has been a surprise growth in housing construction during the June quarter, driven by the strong showing in the apartment sector.
Australia's construction industry marked its 13th consecutive month of decline in September, dragged by the slump in apartment and engineering works, according to the latest Australian Performance of Construction Index (PCI) report.