Based on the REIWA figures show that there was a falling of housing stock from 18,000 to 11,973 that brings WA in unstable market. But now, this is the time that we’ve been waited, definitely out of the tough market and this is the start for more buoyant market.
According the Westpac-Melbourne Institute, “Consumer confidence in WA which rebounded sharply in June 2012 in contrast to a small rise at the national level.”
Independent Property Analyst Gavin Hegney said, “Perth was returning to a ‘genuine’ market and was likely to be the top performing capital city this year.
Strong population growth, a tight rental market and low interest rates are indications for a steady market recovery. The strong jobs markets in WA also strengthened further and strong demand for labour means wages are higher in WA, this means that there’s a hope for recovery in housing market. WA’s strong economy was underpinning the real estate bounce back.