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.
5. March 2014 18:39
National Australia Bank’s (NAB) Commercial Property Survey released last February 26, 2014. It is stated that overall impact still overall negative. The retail property has positive outlook and it boasted opportunities. If the market could see increased activity in the coming months, definitely, this would be the driver to encourage more investors. But rental and capital expectations were generally lower in all. Indeed, overall sentiment, Industrial is now the strongest and predicted to continue for 1- 2 years. Industrials sector replaced the Hotel CBD last Commercial Survey. This sector expects to continue to become stronger and have higher incentives.
Commercial Property Survey Summary _Dec 2013_ (1).pdf (356.77 kb)
26. February 2014 17:59
According to the latest Analysis from Fitch Ratings, “Australia’s National house price increase of 9.8% in the 12 months to December 2013 has been driven by house price growth in the key cities of Sydney, Perth & Melbourne.” Perth is one of the major cities led the price growth in Australia. Perth house prices were up 9.9%. It will expect to continue the growth till 2014 and to become more positive. Interest rate remains unchanged and this is the driver for the affordability pressure. Despite of the slower rate last 2013, we are still optimistic to have a better and competitive market.
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.
14. February 2014 18:30
Rents have sky rocketed and house prices continue to rise. RBA holds the interest rate till now. This January, Sydney and Melbourne house prices are strong growth especially in Sydney and Melbourne, Will Perth median price continue to increase?
According to RP Data Research Director Tim Lawless, “Sydney and Melbourne were the clear drivers for capital gains over the past year, with values up 13.45 and 11.9% respectively over the 12 months ending January 2014.” Based on the reports, among the Australia’s 8 capital cities recorded a 1.2% growth in prices, But Perth recording falls of 1.1%. We found in Perth suburbs the affordable houses. Despite of speculation in Perth, we still believe that house prices will continue to rise.
13. February 2014 18:12
Buying a house is supposedly cheaper than renting. Why? Because when you rent a home, you spend more money but no investment. If you buy a house, you spend money and sometimes a mortgage loan in purchasing a house but you have an investment to wait.
According to Mitchell Hutchinson from Finder.com.au, “It was worth considering buying a home instead of wasting dead money renting.” Nowadays, it is a good time to enter the market because of the interest rate. Renting is a short outlook and there is no investment and it is not good for retirement. If we purchase a house, you have an investment and or security purposes for retirement. But still, it is just a guideline and we, the renters, homebuyers are the one who decide and weigh-up the cost and benefits in buying and renting a house.
11. February 2014 18:20
Many are anticipated that house prices in 201 is continue to increase. If the economy expands, then probably renters will prompt to move on to their own houses. Most of the properties that are listed are higher compared with previous years. Most of the capital cities are starting higher prices especially last January.
According to SQM figures nationally stock n market came to 342,157 properties, a monthly increase of 1.3%. The only suburb which has affordable price is located in Perth. Sydney and Melbourne were dropping compared last year. Will the housing market bubble? Will it continue to slow down?
7. February 2014 18:54
The Westpac suburb snapshot, developed in partnership with RP Data has revealed the most affordbale suburbs. Is this the right time to ivnest and buy a house?
The following are the most affordable suburbs:
1: Median with median value of $277,476
2: Orelia with median value of $198,860
3: Glendalough with median value of $447,745
Nowadays, house prices increase because of the low interest rate and have high demand of housing supply. We found in Perth suburbs the most affordable houses. The most affordable is Medina and the most expensive is in Peppermint Grove. through this, iut helps investors and buyers to identify the insights to live in.
4. February 2014 18:08
Many are expected to have a better residential market. This year turns the property market boom. Perth is the one of the best performer city and has a good economy. We have low interest rate at the moment and house prices rise. Will it continue this year? Or it will get broader?
According to the QBE Lender’s Mortgage Insurance QBE ImiHousing Outlook report researched by BIS Shrapnel, “Price growth of 20% is forecast for Perth and price growth of 19% is forecast for Sydney by 2014.” Perth house prices estimated to rise by 20% because of the accelerated investment driven by the mining investments. The housing recovery is now about to enter. Due to the shortage of accommodation, many are forced up to rent that makes house prices raise. The Perth median house price is $470,000 to $565,000 and it will accumulate to 20% increase. But then, property market will stay stronger and have optimistic outlook that it will performs well.
3. February 2014 19:42
Australian dollar is likely become higher as the calendar turned to 2014. The domestic backdrops is not sustainable, RBA interest rate remains stable. Many of other countries and trends are influencing the global currency market.
Based on the report, the Australian dollar fell as low as 86.99 US cent last Saturday. The Australian dollar has rebounded and focusing on the emerging market with other countries like US and China. Economists’ baseline in GDP is expected and makes the country broader.