Based on the report of Australian Property Monitors, Perth market is set for a strong year from record immigration, housing shortages, and steeply rising rents. Perth also is one of the world’s strongest economies. Basically, the report tells the truth because Perth leads the nation because of having the highest growth in median house prices. Rent increases which driven renters into buying market.  We had a good end last year because overall markets have stepped forward into recovery and till now, the trend is continuing especially in Perth. Analysts expected that we have a good property market this year and homebuyers will more active in the middle of this year.

http://au.news.yahoo.com/thewest/a/-/newshome/15623314/wa-house-prices-lead-the-way/


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Perth is one of the most expensive cities among all big cities. Despite the strong demand, rents and occupancy cost in office still soar with the ties of mining investment. Perth has a better market nowadays compared to the others because of so many migrants and job opportunities.

According to Semi-Annual Global Office report from CBRE, Perth CBD is on the top 20 most expensive office rental markets in the world.” Perth has 11.8% annual rise in rents with the average rent per square meter of $850. Would it be a great start for a better market? Would it be a good start for competitive and progressive market?

http://www.propertyobserver.com.au/office/perth-cbd-moves-up-to-20th-most-expensive-market-to-rent-office-space-in-the-world-cbre/2012121758514


Tags: perth

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According to the Ninth Annual Demographic International Housing Affordability survey lists Australia as having the largest number of “severely unaffordable” housing markets, ahead of New Zealand, the United Kingdom, Ireland & Canada.” Australia is the most expensive housing markets in the world but Perth is considered as the most expensive home among all cities in Australia.  Perth’s median multiple for housing affordability is measured at 5.6 which show that household gross annual income is very progressive. All cities are unaffordable but still Perth leads but the most attainable than the other cities.

http://www.smh.com.au/business/property/perth-severely-unaffordable-as-australian-housing-tops-worlds-least-attainable-list-20130121-2d2t7.html


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There are a lot of factors that really influence the status of property market. One of so many factors is the consumer confidence which really returning to the market. Home prices also rise in most capital cities in which really show progressive market.

According to the latest Property Council of Australian/ANZ Property Industry Confidence Survey, “The next 12 months is likely to see conditions pick up in the real estate sector – s trend that will be driven by house price growth, a change in buying attitudes and further interest rate cuts.” Western Australia recorded the highest level of consumer confidence because of so many migrants. Because of the vacancy rates in most capital cities and demand increasing, home rent is accumulating; it attracts first home buyers into the market. We expected also to have interest cuts that dwells the house price increase and more active housing activity.

http://hoyneproperty.com.au/property-sector-outlook-promising-in-2013/


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Perth is one of the boom populations because of the job opportunities. Many migrants trying their luck in Perth in which the cause of population increase. Because of the booming population, rental tightened and cause of housing crisis. Would it affect the median house rent?

According to the prediction of APM Economist Andrew Wilson, “By the end of the year, WA’s rapidly growing population will make Perth more expensive for renters than Sydney, where the median rent for homes is $500 a week. Last year, Perth had the highest rental growth of all capital cities and based on the forecast, more people are coming in WA every week that makes Perth’s median house rent increase. Population will continue growing but the home built annually is not sufficient to supply the demand.

http://au.news.yahoo.com/thewest/a/-/wa/15855351/perth-house-rents-set-to-soar/


Tags: perth, rent, WA

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Last December, we ended up a fair market and had tightening of vacancy rate. What was really the real status if the market? Was it good or doubtful?

According to REIWA President David Airey, “Our data show that while the median rent for a house lifted by $10 to $460 per week, the median rent for strata dwellings such as units, apartments, villas and townhouses fell by $10 to 420 per week.” Despite the upswing of price in units and apartments last 4th quarter of 2012 but we ended quite good housing prices. We are starting to recover and we are expecting for the possible recovery. We believe that March will be the strongest month for rental activity. We strongly believe that Perth is one of the strongest state and expecting to continuing rising for this year.

http://www.propertyobserver.com.au/western-australia/perth-rental-market-intensity-eases-slighly-reiwa/2013011658797


Tags: perth

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Perth is one of the beneficiaries of the mining investment. It is said also that Perth is one of the strongest state in WA. Will Perth continue to compete with other state?

According to the forecast of Fairfax-owned Australian Property Monitors (APM), “Perth tipping property prices to rise by between 5%-7% over the year, with a similar outlook for the smaller Darwin market.” APM forecasted prices rise to 3%-5% this year in some capital cities. Perth has so many resources that lead the property market recovery. It is the only state that has the tightest rental market in Australia because of the mining sector and so many migrants. Perth really performs well and have the capacity to compete.

http://www.propertyobserver.com.au/residential/australian-analysts-tip-modest-property-price-gains-in-2013-led-by-perth-depending-on-who-you-ask/2013011058725

 


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Some are expecting to have an increase of house prices in Australia. Although, not all the state of Australia have the same market but some are continuing to rise and some are continuing to decline.

According to forecasts from credit rating agency Fitch, “The Australian housing market is expected to be among the more stable global markets in 2013 but house prices won’t rise.” Australian market is more stable now compare to other nearby country. We have relatively high affordability indicators that driven the high average house prices. Australian market is more competitive and has stable market compared last year.

http://www.propertyobserver.com.au/residential/stable-outlook-for-australian-housing-market-but-no-price-gains-in-2013-fitch/2013010958671


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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.

http://www.propertyobserver.com.au/news/sydney-and-perth-set-for-property-price-growth-of-between-4-and-6-in-2013-with-increased-housing-affordability-macquarie-capital/2013010858660


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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?

http://www.perthnow.com.au/news/breaking-news/aust-bond-prices-move-higher/story-e6frg133-1226553300499

 


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