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.
2. December 2013 18:19
Western Australia’s population is growing steadily and population growth grows continuously. Housing industry in Perth will need to build the number of houses in the near future.
According to Emma Chalmers, head of residential sales at CKD Galbraith’s Perth Office, “Whilst the improvement is ongoing, we are seeing excellent levels of activity and real optimism and willingness from buyers and sellers to complete a deal whenever possible.” The housing sector is growing and interest rates remain low and it makes the market place boom. We need to meet the demand for both home building and resources sector. We need to effort in housing industry to handle the growing demand. By this, property market becomes competitive and sustainable.
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.
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.
18. April 2013 17:47
Confidence is very important for the property marker o encourage investors and the industry to perform better. Nowadays, the latest survey shows confidence is very strong that really helps the market to become more competitive.
According to Property Council of Australia Chief Operating Officer Ken Morrison, “There is a feeling would-be buyers are returning to the market after a tough couple of years.” We cannot deny the fact, that confidence has risen and the real estate agents are feeling good because of the business trend. We see some factors that driven the said confidence namely are the following: house prices increase, low interest rate and have population increase. In line with this, agents and business sectors believes that investors and homebuyers are returning to the market. Despite of the ups and downs, but still we are still very optimistic perspective about property market.
19. March 2013 18:07
According to Western Australia’s Land authority, “confidence in the property market continues to strengthen with figures showing an increase in activity for the month of February,” It shows that homebuyers are back to the market and more active buyers. There will be ongoing pressure with the housing market due to continue population growth that helps state’s healthy economy become boom. The market looks like to continue to strengthen and the market is expected to become normal.
27. February 2013 17:51
Last year, Australian Housing Market was unstable because of the poor consumer confidence. In addition with this, we had interest rate and property market bottomed up. Will consumer confidence returning this 2013?
According to the Property Council-ANZ Property Industry Confidence survey, “Property and Construction Professionals throughout Australia are confident about the WA market for the March 2013 quarter.” Based on the index, confidence jumped last February up to 7.2% and it might influence property price growth and possible interest rate cut. Indeed, property market is recovering and improving that makes property professionals are back in the market. Positive indicator encourages buyers to invest and this is a good sign to buy a property in Perth.
30. January 2013 18:05
Based on the report of Australian Property Monitors, Perth market is set for a strong year from record immigration, housing shortages, and steeply rising rents. Perth also is one of the world’s strongest economies. Basically, the report tells the truth because Perth leads the nation because of having the highest growth in median house prices. Rent increases which driven renters into buying market. We had a good end last year because overall markets have stepped forward into recovery and till now, the trend is continuing especially in Perth. Analysts expected that we have a good property market this year and homebuyers will more active in the middle of this year.
18. January 2013 18:32
Perth is one of the beneficiaries of the mining investment. It is said also that Perth is one of the strongest state in WA. Will Perth continue to compete with other state?
According to the forecast of Fairfax-owned Australian Property Monitors (APM), “Perth tipping property prices to rise by between 5%-7% over the year, with a similar outlook for the smaller Darwin market.” APM forecasted prices rise to 3%-5% this year in some capital cities. Perth has so many resources that lead the property market recovery. It is the only state that has the tightest rental market in Australia because of the mining sector and so many migrants. Perth really performs well and have the capacity to compete.