9. June 2014 17:43
According to Real Estate Institute of Western Australia President David Airey, “The Perth market peaked in the first quarter of 2014 but dipped in three months to April and then a little further in the month of May.”
Perth and Sydney are the two cities were housing affordability improved, Low interest rates attributes the affordability. In Mat, the metropolitan median price at about $548,000 which 0.7% fall in house prices. It shows that affordability continued to be less favorable. Even Perth’s rental market was unchanged but rental vacancy rate continue to staying the same.
7. March 2014 18:26
Australians are being priced out of the housing market and median prices have risen. Based on the survey, overall impact for property market is negative. But as long as we are open for business and optimistic, Australian economy will boost. Is this a good start for Australia’s property market?
According to RP Data Research director Tim Lawless, “The results showed that Australia’s combined capital cities has “taken a breather” during February recording zero month to month growth.” All eight capital cities perform well for the month of February. There is no price growth for the month. This is the adjusting period in coping the market and this is the beginning of having a better property market. Even the buyer demand is very strong, but still housing market condition is relatively affordable. Indeed, property market is seeing recovery and hoping to continue in order to have a positive outlook.
24. February 2014 18:15
According to Angie Zigomanis of BIS Shrapnel, “Demand has increased across the board, with growth in lending to first home buyers, up graders, and investors. Prices rises have also been broad-based, being highest in the middle and outer Perth.” We all know that Perth’s property market seems to be mixed views because of the slowing and changing. Many factors affect the property market but still we have market strengths to consider also. The demand and supply issue is one factor that affects property market. The population growth keeps increasing in which puts pressure on property market. Overall, I think there is slow but steady growth. We should be interpreted as positive for the market generally because we have more reasons to remain optimistic.
10. January 2014 17:59
Perth Property Market was top performer last 2013. Because of the low interest rate and high consumer confidence, Perth property market was performed well. Will it continue to set the record this 2014?
According to RP Data Research Analyst Cameron Kusher, “Perth property market would enter 2014 with strong momentum. House price rises, broader economy and mining investors are the key factors why still Perth property market becomes stronger every year. We anticipated also the rental become flat. Probably, many investors would preferably invest properties in buying property for rent.
2. January 2014 18:07
According to a report by Australia property Monitors (APM), “Perth is expected to see a 5 to 7 percent rise in property prices next year.” Despite of the low level of property market last September, Perth still going to continue rising. Although, Perth property market experienced the flattening but we have so many factors that dwells the strength of local economy. House median prices reach at $535,000. Consumer confidence is increasing and still we have forecasted to have a positive market. Having a low interest rates at the moment really helps the market to grow. Perth still remains the strongest performances next year 2014 among the capital cities.
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.