Median House Price heap up

by joy.manginsay 9. April 2014 18:28

According to the Real Estate Institute of Western Australia, “Perth’s Median house price climbed to $550,000 in March 2014, up from $ 546, 000 in December 2013. REIWA’s figures also showed the market had cooled in the March quarter, with Institute President David Airey describing the last three months as “choppy.”

 

Because of the low interest rates, housing market is accumulating. Perth is one of the cities perform well. Housing market continues to rise because of the affordability and provide positive activity. Perth housing market continues to record solid and the best performer. Joondalup and Wanneroo lead the heads up.

http://www.wapropertynews.com.au/perth-median-house-price-climbs-550000-march-2014/-1846

A surprise pause in House price growth

by joy.manginsay 21. March 2014 18:23

There are a lot of factors driven in house price growth. The economy, rising demand, scarcity and confidence are factors that influence the property market. Is the house price a good start to pause?

 

According to RP Data Head if Research Tim Lawless, “ The likelihood is that the weak reading for February is an adjustment from the strong readings in December & January, rather than the beginning of a flat to negative growth phase across the macro level housing market.” Pause in house price is not a bad thing; instead this is the adjustment of property market. All factors work together in reaching the market peak.

http://www.theaustralian.com.au/business/property/housing-price-rises-hit-a-pause/story-fn9656lz-1226844122410#

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More Positive Outlook for Australian Market

by joy.manginsay 13. March 2014 18:16

Reserve Bank has decided to leave the interest rates on hold again this month. Through thus, lower interest rates influence the housing market to rise. But it provides positive indication of housing activity. It is a sign to have optimistic outlook of Australian Economy. Most of the 8 capital cities perform well and Sydney remains the best among all capital cities.

 

Perth housing market remains solid and still strong property market. Western Australia has a highest market of first home-buyers which really helps the activity. More houses in the market, regaining confidence and strong property market are signs of recovery.

http://news.apm.com.au/apm-news/march-national-housing-market-report-20121213-2bc7c.html

House Price continues to increase

by joy.manginsay 11. February 2014 18:20

Many are anticipated that house prices in 201 is continue to increase. If the economy expands, then probably renters will prompt to move on to their own houses. Most of the properties that are listed are higher compared with previous years. Most of the capital cities are starting higher prices especially last January.

 

According to SQM figures nationally stock n market came to 342,157 properties, a monthly increase of 1.3%. The only suburb which has affordable price is located in Perth. Sydney and Melbourne were dropping compared last year. Will the housing market bubble? Will it continue to slow down?

http://www.perthnow.com.au/realestate/listings-and-prices-up/story-fnhlgp12-1226819414204

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Perth on track for House Prices

by joy.manginsay 4. February 2014 18:08

Many are expected to have a better residential market. This year turns the property market boom. Perth is the one of the best performer city and has a good economy. We have low interest rate at the moment and house prices rise. Will it continue this year? Or it will get broader?

According to the QBE Lender’s Mortgage Insurance QBE ImiHousing Outlook report researched by BIS Shrapnel, “Price growth of 20% is forecast for Perth and price growth of 19% is forecast for Sydney by 2014.” Perth house prices estimated to rise by 20% because of the accelerated investment driven by the mining investments. The housing recovery is now about to enter. Due to the shortage of accommodation, many are forced up to rent that makes house prices raise.  The Perth median house price is $470,000 to $565,000 and it will accumulate to 20% increase. But then, property market will stay stronger and have optimistic outlook that it will performs well.

https://runway.dha.gov.au/dha/home/info/news/12July2011/housingpricestoincrease.sok

 

House Prices are strongly Rise

by joy.manginsay 28. January 2014 18:18

According to RP Data Cameron Kusher, “2013 may have seen the best of the gains for theses three cities. Across Sydney, we’re seeing values up 10.95 from their previous peak and in Perth we’re seeing that values are up 3.6% from their peak.” Despite of the economic uncertainty, the housing market is set for a solid 2014. Perth, Sydney and Melbourne are capital cities to have a solid growth and likely to drive a median house price increase. 2014 will continue to see capital growth in the housing market. Considering the factors that are influencing the house price, Australian home prices are rising strongly. Perth’s growth prospects for 2014 will soar in 2014 since Perth had strong annual returns for investors.

http://au.news.yahoo.com/a/20572075/home-prices-post-biggest-annual-rise-in-four-years/

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2014: Succumb to Deflation

by joy.manginsay 22. January 2014 18:21

According to Alan Kohler, “The Australian dollar should continue to fall and the property market continue to boom, but it won’t be business as usual for the global economy if it finally succumbs to deflation.” Based on the statement by Alan Kohler, Would it be a year of deflation? Will Australian dollar keep to boom or to bubble?

 

Many of the Economists expected that housing prices will continue to rise because across to all the capital cities increases by 7.2%. Nowadays, Australian house prices are too high for the first home buyers and it clearly see that prices will continue to grow. In 2014, housing demand is increasing because it driven by rapid population growth, low interest rates and low of housing supply. Is it risky for the housing market?

http://www.abc.net.au/news/2014-01-15/kohler-2014-may-be-the-year-of-deflation/5200566

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Who Shall to Blame?

by joy.manginsay 17. January 2014 19:15

House prices keep increasing and many cannot afford to buy. Property market are still struggling yo cope up the house price to stop soaring. Many factors are affected and influence the house prices. But whom we shall to lay the blame?

According to the Commonwealth Bank of Australia’s Chief Economist, Michael Blythe, “We should be laying the blame squarely at the door of central banks for policies.” Low interest rate, unemployment increase, population growth and limited housing supply are factors allegedly driven why the house prices continue to soar. Despite of the price increase, Australia’s housing market is up swinging but not bubble market. If those factors will continue then we will expect that house prices will continue to increase also.

http://www.theguardian.com/world/2014/jan/15/whos-to-blame-soaring-house-prices

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Will rising house prices good for WA?

by joy.manginsay 15. January 2014 18:21

According to the Director at LPSOS, Rebecca Huntley, “Even though as homeowners older generations tend to be benefit from rising problems, parents are really worried about their kids’ capacity to enter the housing market.” Of course every family wants to have their own houses. But how can we achieve that if the price is too expensive. Investors should think that rising of house prices are good to the market but for the consumers, it is bad for the country. Time goes by, house prices continue to rise, so people are hardly get their dream houses that they wanted especially the low income earners. Most people are renting because they cannot afford to buy a house. If that so, many are renting than buying a house if the house price will continue to increase.

http://www.perthnow.com.au/money/most-australians-disagree-rising-house-prices-are-a-good-thing/story-fnhld3ta-1226799251099 

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Will house prices continue to rise in 2014?

by joy.manginsay 6. January 2014 17:58

According to the RP Data-Rismark, “Across Australia’s capital cities, there was a 1.45 rise in December and a 2.8% rise in dwelling values over the final quarter.” We expected that we will have a positive outlook in 2014 because last December we had 9.8% increase. Although, home values have been strong last 2013, we still pursue what we are aiming for the housing market. We cannot anticipate that, this 2014 will still the same, sometimes it will be fluctuated. We cannot depend on the data at the moment but nevertheless, it shows a positive result and it brings more confidence to the investors.

http://www.apimagazine.com.au/api-online/news/2013/12/australian-house-prices-continue-to-rise

 

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