12. December 2013 18:53
According to Australian Bureau of Statistics data, “First homebuyer finance commitments remained anchored at 12.6% of all dwellings financed during October. First homebuyer activity in WA remained strong, at 23.1% of the WA’s total commitments.” Therefore, based on the Abs data, Homebuyers in Perth remains strong. Housing sector strengthens, low interest rates and more loan approvals are the factor that really helps homebuyers to pursue of what they are wanted to do in the market. There are a lot of construction sectors who has been build houses because of lack of supply. Nowadays, demand for property is increasing and it’s a sign of strengthening the housing market. We will expect by 2014, it will have a huge increase in housing investments which plays a big role in having a broader economy.
11. December 2013 18:10
The increase in demand in Perth is a great opportunity for investors. Perth is a great opportunity for investors. Perth is the hotspot of the activity and more developers are coming to do more activities in the market. Are mentioned above indicators of having a better market? Are investors and developers are really back to the market?
According to the Realestate .com.au General Manager of Sales and Operations Arthur Charlaftis, Now is a good time to consider selling. The research indicates investors are returning to the market.” The market is coming on the top because investors are willing to invest and pay to more secure property. Some investors believe that house prices will continue to rise and market will become better and competitive market. When the demand is increasing, and the supply is limited, the price is increasing. This is what happens in the market. Therefore, investors are coming back to the market because they believe that this is the right time to invest and do more activities in the market.
5. December 2013 18:47
Fourth quarter is a good start for a new beginning next year. Perth’s median house price hits the record because of the solid increase in sales. One big reason behind the big rise in Perth is the normal condition returns.
According to the current data from the Real Estate Institute of Western Australia (REIWA), ‘Sales turnover lifted during both October and November pushing Perth’s median house price to a new record.” It shows that last three months, median price was rise by 4%. More properties on the market continue to recover and this is the highest point of the year. Based on REIWA data, rental listing lifted by 2 per week while the vacancy remains above average. Therefore, the property market is recovering and expected to rise next year.
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.
27. November 2013 17:59
WA is the place where the migrants love to stay. WA is the home for homebuyers and it considered as the capital for so many jobs. Mining is one of the most known in WA which encourage staying for good. In WA suburbs, Perth is considered as a lifestyle living and many are decided to raise their family.
According to Australia’s major housing industry lobby group, “Conditions in western Australia’s home building industry are now the strongest in the nation.” WA residential building industry is the strongest in the country because of the strong population growth. Migrants also feel that they were safe where they live and on the property either. Trough this, we see all the indicators which driven WA to lead all capital cities.
25. November 2013 18:31
Because of the devastation of bush fires hundred of homes lost and selling of house in Australia stopped. Many of the owners have insurances that make them to start to build a new home. Did the bush fire affects the market softens?
According to CMC markets Chief Market Strategist Michael McCarthy, “Clearly overseas leads have broken the back of the recent pessimism.” After the bush fire which made the share market fell down. Australian market opens higher because of the strong performances by some commodities. Community strength sets the market to open higher. The economy is clearly improving and recovering. Probably, we will be ended in a good and sustainable market.
21. November 2013 18:11
Interest rate remains the same with 2.5 basis points. Economists believe that there is no interest rate cut until the year ends. The forecasts are, predicted on a constant exchange rate. But we cannot predict the economy because sometimes it is swinging. But there will be forecasts that there will be a possible cut next year. Will it be possible?
Westpac’s Chief Economist, Bill Evans, after the RBA’s meeting, he sees a possible two more cuts in 2014. According to Bill Evans, the stubbornly high Australian dollar, and a weaker than expected housing led recovery. If the housing market condition strengthens, it associated boost to wealth. Business and consumer confidence should strengthen to sustain the economy into 2014. If it will happen, interest rate may cut and possibly it will drive the housing market to boost.
20. November 2013 17:56
According to Mark de Martino, Director at Mortgage Provider Loan Market, “first home buyers nationally were competing with investors and upgrade’s who had significant equity in their property.” Nowadays, first home buyers in Western Australia are increasing and it will continue to increase. A WA house price is relatively attractive destinations for the home buyers to invest because of the strong wage growth. Compared to other capital cities, Perth was cheaper by 20% and it encourages first home buyers to enter and invest the market. Mining is the driver in WA’s economy which attracts first home buyers. Therefore, by 2014 it will encourage more first home buyers to support the economic activity. In addition with that, we have low interest rates, population keeps rising and business confidence is relatively high.
18. November 2013 19:40
The Australian families that rent have risen because some people giving up on buying their dream house. Nowadays, people are preferably to rent than to purchase mortgage home. One of the reasons why they prefer to rent is the cost of purchasing a house continues to rise.
According to Ben Phillips, from the national Centre for Social and economic Modeling, “Renters, facing such a high median house price are less able to afford the required deposit that is required to enter the housing market than they were back in 1980’s. The population is growing and household and houses are less in the number of the needy family. Through this data, house prices accumulate and increases.