15. January 2013 18:17
According to Rod Cornish, Real Estate Strategist at Macquarie Capital,”Better affordability in Sydney and Perth should result in property price growth of between 4%-6% in these key capital city markets.” Perth property prices ended last year with a very good market that’s why we have a good start for this year. We had twice cash rate cut last year and it shows affordability and it influence the prices to jump in. But we still need to observe for the property market because it is not stable and we don’t really know what would be the impact of affordability.
14. January 2013 19:59
Investors are likely to have investment bond because it provide benefits and produce long term capital growth and generate long term return. But what are those factors triggers them to have bond increase?
According to Westpac Senior Market Strategist Damien McColough, “They moved higher on Friday night as investors took advantage of lower prices following the recent sell-off.” We are all observed that property market has a good start for this year because of the demand. Lots of opportunities are coming back in the market nowadays. Bonds are allocated for the numbers of assets bonds will normally change when the asset value is change also. Do you think that bond increase this year is useful for everybody?
7. September 2012 20:30
We all know that Perth Property market was soften and after the sluggish market, is this the time for the best spring in Perth? I think this is the time to move and invest.
According to Australia Property Monitors Senior Economist Andrew Wilson, “Perth property prices rose 1.7% in the first six months of this year and we’d expect that to continue and that sort of momentum to build on through the remaining of this year.” The property market is driven by the strong investor activity and makes the market more competitive. People are focus on affordable home because cost of living really influences investors/buyers to invest properties. Because of the competition, house prices may increase and demand also influence housing price.
24. August 2012 18:06
Nowadays, residents are choosing to rent rather than to buy. Demand for rental property grows high because of the new migrants. Does increasing of rental property demand really influenced house price?
According to Australian Property Monitors Andrew Wilson, “there are signs the market is recovering and greater buyer confidence is also set to increase in momentum.” There was a modest increase in house price and I think it will continue to rise these coming years. In Perth housing market, there is confidence in it even a little more because median house price now is $536,000 and it certainly increased prices.
15. August 2012 20:01
According to REIWA President David Airey, “In Perth, both house and unit sale are up around 5% for the quarter but this has been moderated by softer regional activity during this period, with house sales down an estimated 12% and the small, multi-residential market down by 15%. “ The Perth housing market is swinging back in the favor of sellers and house sales in Perth are up by 15% in 2011-2012.In residential sales are up to 5% but still it cannot reach the average term maybe because of the weak investor activity. Housing market shows signs of improvement and buyers have more confidence now to enter the market. In Perth rental market, vacancy rate goes up that puts pressure on prices but volatility has gone, indeed buyers are more confident and prices are become stable.
16. July 2012 18:39
According to one of the industry’s most prominent National analysts, “Perth’s awakening property market will make it the city to watch in Australia this year.”
Research Director at RP Data, Tim Lawless said, “Perth is going to be the market to watch this year and all the indicators are looking positive. We’re actually seeing some evidence that the market is turning around.
These two statements mentioned-above are some of the indicators that prove that Perth Property Market will heading up. Perth was the only city that properties were selling faster and transaction volumes were rising. Retail buyers and investors were returning to the Perth market and boosting number of property sales really helps Perth Property Market. Rental growth in Perth is quite strong and I think there were improvements in all indicators evidence that Perth Property Market is performing well.
12. July 2012 19:21
According to Australian and New Zealand (ANZ), “The Australian housing market is showing signs of stabilization after a period of softens and barring a global economic calamity, house prices should rise by around 4% to 5% per annum over the next two and a half years.” Low Interest Rates and the possibility of further rate cuts are some factors to encourage first-home buyers back into the market. The volatility house prices in 2012 drives to high end of the market.
26. June 2012 18:15
According to The Residential Property Prospects, 2012 to 2012 report from Economic Forecaster BIS Shrapnel, “New South Wales and the resource-rich states of Queensland, Western Australia and the Northern Territory are already showing signs of recovery.
Homebuyers are very active in the market and expected to become more active for coming years. Homebuyer plays a big role why property market is slowly returning to normal levels. Perth and Brisbane were forecast to record the highest growth in median house prices. Property Market are improving right now because of low stock, low interest and vacancy rate. Property market is almost about to turn around and seeing early signs of recovery.
21. June 2012 18:46
These past months, Perth Property Market soften but declining level of stock on the market puts pressure on both prices and rents. Latest figures shows that Perth rental rent and prices have increased and sign for recovery. Based on REIWA, number of house for sale are declining but reported number of house sales are steady, this might be one of the reasons why Perth rent could be on up.
According REIWA Deputy President Ian Cornell, “Sales numbers heading towards long term average levels is a good sign that the Perth property Market is overcoming its confidence issues, a “dramatic collapse” in building approvals could see the market turn significantly.” I think, putting pressure for buyers and renters in residential housing market is one of so many reasons why house rent and prices increasing. Definitely, increased competition for rental properties will push up rent and house price will increase also.
20. June 2012 21:52
According the CBRE’s first-quarter WA Market view report, “There was a 13% increase in the volume of Perth Residential sales in the March Quarter, with first-home buyers and investors returning to the market.”
According the firm’s associate Director of Global Research and Consulting Sam Reilly, CBRE recorded 5,663 sales in Perth metropolitan area over the first three months of the year, compared with the 5,268 in the previous quarter and a noticeable contrast to conditions in the prior 12 to 18 months, when sentiment was low.”
Perth inner-city market has been particularly strong because of the mining resources and investors demand on the rise. Perth house prices increased by 3.9% over the quarter to a median of $487,500 and we cannot tell that it’s a full market recovery. These are some indications that we are on the way of recovery.