3. December 2013 17:35
Perth’s property market was slowing down for past months. But this quarter, Perth’s median house price hits the $525,000. Will it help the property market? Will rental market remains reasonable an affordable?
According to Real Estate Institute of WA (REIWA) President David Airey, “Sales turnover lifted during October and November, following a slump in September and surpassing the June peak of &525,000.”The first homebuyer activity is still very evident and the market overall continues to recover. Rental market is growing and median rent left in $470 in house and $450 in units and apartments. Property market will be ended in recovering stage and definitely it will have a good start next year.
8. November 2013 22:03
According to Emma Chalmers, Head of residential Sales at CKD Galbraith’s Perth Office, “Confidence started to return to the Perthshire market during 2012 and this year’s continued activity has really cemented the recovery within the region.” This year the Perth property market shows strong growth which driven by stronger population growth. Western Australia Economy is continuing to grow strongly even the consumer confidence remains slow. Perth’s property market is expected to grow next year and at the moment, it performs well.
4. November 2013 18:05
September quarter recorded mixed results because of the multi-paced recoveries in Australia’s capital city housing markets. All capital cities recorded increases in median house prices last month. But still the house prices continue to rise.
According to RP data and Rismark International released, “A continued growth across many markets, with the rolling 12 month combined capital city index recording its fastest pace in three years.” Capital city showed increases by 1.3% over the month of October and Sydney market is driven largely by the strong-performing market. Last September, other capitals reported mainly subdued and Perth market remains flat. The housing market will continue to record solid to strong and Perth market is showing early signed in solid growth.
23. October 2013 18:03
According to the Master Builder’s (MBA) National Survey by building and Construction, “Increased building activity will not be triggered in the short term despite improvement in some key indicators, with investor confidence shoring up fundamentals in Aussie Property. The outcomes of optimism in the property market are very real. This makes a great deal of sense when we consider homes are more affordable there and ill very soon need realistic opportunities to buy and o gain more confidence.
18. October 2013 17:37
Perth has a set and promises much for any visitor and migrants to live for. Perth is one of the prestigious cities and the most iconic destinations. Because of these, many investors want to build and start it invest and build new houses and building.
According to the Housing Industry Association Housing, “Perth-based BGC (Australia) was Australia’s largest home builder in 2012/2013.” Home builders started to build that dwells more investors coming up.Through this, it dominates investors and business sectors to build and join the market activity in order to build competitive market.
17. October 2013 17:40
Based on the Real Estate Institute of Western Australia (REIWA) data, “Perth’s median house price has continued to drop with figures from the September quarter showing a 2.8% decline.” Last September, house prices surged and it continues to drop because of the strong first home activity at the affordable end of the market. Because of this, the rental market showed a drop also in the median rent and it causes a reduction of vacancy rates.
Despite of the slow down, we are optimistically believe that Perth median house prices jump gain. Probably, it will raise by December with the help also the possible cut rates.
11. October 2013 17:46
According to RP Data, “Perth home prices have increased 10% over the past year – double the capital city average.” Sydney leads so far in 2013 with 7% increase in prices and Adelaide is the only city dropped this year. Perth house prices increase with 9.4% more than 12 months ago. Perth is one of the capital cities to record a price dip over the month of August but the last two months were slowdown. Is this the welcome sign of a strong growth in Australian Property market? We have more sustainable growth nowadays and it is a sign to renew the housing market.
18. July 2013 18:19
Among all the states, Perth has the solid property price growth. Even the mining boom ending into not good result but that is not the hindrance to make Perth become one of a kind state. The Perth house market has shown prices picking up speed.
A new survey today shows, “Despite of increasing and tough economy, Perth still the negative results and struggling to compete the market but never fail to stop the Perth’s property market reclaiming its mantle as the nation’s best.” Perth house prices forecast that it will continue to rise and have the best value for the coming years. This is more challenging environment to all of us because on how to handle the businesses to become profitable and to improve the economic condition.
8. July 2013 19:50
According to RP Data Research Director Tim Lawless, “The capital gains recorded over the financial year highlight that lower mortgage rates are staring to have a positive impact on the housing market.” The capital values of capital cities are increasing last month of June led by Sydney and Melbourne. The property values was regaining last June by 3.8% financial year up. Among all the capital cities, Perth is one of the capital cities that remain the strongest performing capital city in property market. The confidence levels is still remains high, interest rate still in hold, low rate of unemployment still remain, these are factors that triggers the trend to a bit higher. Indeed, property market is going strong and ongoing recovery in dwelling values.
2. July 2013 17:49
According to BIS Shrapnel forecast, “June 2016 Perth will have the third highest capital city median house price-behind Sydney’s $795,000 and Darwin’s $655,000.” This is the forecast in which Perth house prices will increase 15% for coming three years. Nowadays, Perth median price slightly increases which driven the market recovery because of the stronger demand. Demand has been influenced the low interest rates and a strong income growth. Many migrants are coming in Perth, so rental vacancy tightened and strong vacancy rates which dwells and encouraged home buyers and investors to enter the market. Despite of the low turn of Perth market but still is it struggling to recover and heading into a competitive market.