According to RP Data Research director and Analyst Tim Lawless, “Perth’s housing market, which was previously the stand out for capital gains, has been dwelling values rise by just 1.3% over the September quarter while Brisbane’s housing market remains sluggish with values up only 1.1% over the past 12 months.

 

Anyhow, despite of the previous stand of Perth’s housing market; analysis shows that it indicates that the declining trend in Perth’s median house price has continued. The median price fell because of the strong first home buyer activity. The sales also dropped by 4% because o f the more affordable homes in other suburbs which attractive to buyers. It is very appalled to have this kind of scenario in the housing market. Factors mentioned above are occurring and continuing to stop the sustainable market.

http://news.domain.com.au/domain/real-estate-news/sydney-and-melbourne-property-prices-surge-20131001-2upji.html


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In buying a house, we need to consider the house price if it is reasonable or not. If you think of buying property, you need to wait the best time in finding the right property not the value of the house.

Based on the RP Data figures released, it reveals that home prices in Western Australian capital grew only 1.3% last quarter.  The Property analyst of RP Data confirms that Perth homes have leapt in value by average 7.9%. Perth’s period for strong value growth would be followed because of the mining investment that creases the Perth property market heading the moderate growth.

http://www.oneperth.com.au/2013/10/01/perth-house-prices-3/

 


Tags: Home Value

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In Australia, most individuals is usually renting because it is cheaper than buying in terms of monthly cash flow. It is good to say that we need to wait will when the house prices become cheap. Nowadays, house prices slightly increasing and housing market is swinging. Are those activities signs in buying a house?

 

According to the Economist Nicholas Gruen, CEO of Lateral Economics and chair of Peach Home Loans, “Now is a good time to decrease your exposure to shared, and look at increasing your property portfolio in the next few month.” Australian market is stronger now compared with previous quarters. Economists believe that this is a good time to get into the property market. House rent is affordable and I think market performs well that encourages investor and developer to renew and invest.

http://www.yourinvestmentpropertymag.com.au/article/nows-the-time-to-buy-property-79595.aspx


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There are so many factors that really affect the housing market. One factor is the interest rate in which the RBA has left the official rate at a historic low. The lower the interest rates, the greater boom in housing market and dwells the house prices increases.

According to a Chief Economist, Paul Bloxham, “prices are high, but not unusually high when compared with similar countries. As we have said many times before, Australia does not currently have a housing bubble.” We all know that Australian house prices increasing. Through this, it boosts but this is alarming to everyone because every time the house price increases, we consider as bubble market.  In fact, this is unrealistic because we see the recovery in business confidence.

http://blogs.wsj.com/economics/2013/10/08/auto-draft/


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According to the Master Builder’s (MBA) National Survey by building and Construction, “Increased building activity will not be triggered in the short term despite improvement in some key indicators, with investor confidence shoring up fundamentals in Aussie Property.  The outcomes of optimism in the property market are very real. This makes a great deal of sense when we consider homes are more affordable there and ill very soon need realistic opportunities to buy and o gain more confidence.

http://balita.ph/2013/10/21/underlying-confidence-in-australian-property-market-growing/


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According to the Real Estate Institute of Western Australia (REIWA), “Perth’s median house price has continued to drop with figures from the September quarter showing a 2.8% decline.” Across Perth, property prices fell slightly and the rent dropped. The median house prices down from $522,500 to $508,000 while rent dropped from $470 to $450. Due to the increasing activity from the first homebuyers, it causes the house price drop but expected to turn back on December.

http://www.apimagazine.com.au/api-online/news/2013/09/drop-in-perth-median-house-price


Tags: house prices

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The property market now is swinging and home buyers are more active in the market. House prices and house rent increases. The currencies also become weaker because of manufacturing exporters. Because of these factors, it motivates the basis to cut the interest rate. Last August, RBA left the cash rate to a record low of 2.5%. Will be having an interest rate cut soon?

Last October 1, Reserve Bank if Australia said, “Members agreed that the bank should neither close off the possibility of reducing rates further nor signal an imminent, intention to reduce them.” It shows that there will be a possible interest rate by next month. RBA believes a possibility to have another cut but not yet ready to move immediately. I think consumer confidence and business confidence has already increasing and will drive the growth to sustain.

http://www.theguardian.com/business/2013/oct/15/rba-options-open-rate-cut


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Perth has a set and promises much for any visitor and migrants to live for. Perth is one of the prestigious cities and the most iconic destinations. Because of these, many investors want to build and start it invest and build new houses and building.

According to the Housing Industry Association Housing, “Perth-based BGC (Australia) was Australia’s largest home builder in 2012/2013.” Home builders started to build that dwells more investors coming up.Through this, it dominates investors and business sectors to build and join the market activity in order to build competitive market.

 

http://www.oneperth.com.au/category/perth-news/


Tags: perth

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Based on the Real Estate Institute of Western Australia (REIWA) data, “Perth’s median house price has continued to drop with figures from the September quarter showing a 2.8% decline.” Last September, house prices surged and it continues to drop because of the strong first home activity at the affordable end of the market. Because of this, the rental market showed a drop also in the median rent and it causes a reduction of vacancy rates.

Despite of the slow down, we are optimistically believe that Perth median house prices jump gain. Probably, it will raise by December with the help also the possible cut rates.

http://www.apimagazine.com.au/api-online/news/2013/09/drop-in-perth-median-house-price


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According to Real Estate Institute of western Australia (REIWA), “The Perth rental market is facing a downturn as vacancy rates rise and rents fall.” Based on the data overall median rent dropped by $5 to $470 per week. Nowadays, Perth has experienced a decrease in rental listings during the September quarter. Some areas of metropolitan Perth were experiencing growth so despite of the decrease, there are some part of areas increases.  It is important also for the conditions to understand owners in rental return so that they set the price.

http://spionline.com.au/home/12265-rents-in-perth-drop


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Based on the NAB Survey released last week, the survey found that confidence in every industry was positive. It jumped to 8 points higher to 12 points in September. Business confidence was boosted last September which indicates the rising of highest level in confidence compared with previous months. The best performing sector is the personal services which the following factors helped confidence further: low borrowing rates, rising consumer sentiment and a lower dollar.

According to ANZ Chief Economist Ivan Colboun, “Consistent  with other indicators of an improvement in consumer  and business confidence in the weeks leading up to and immediately following the September federal election.” Although, the business sentiment is still underlying but there will forecast that growth will soften. But in order the confidence will fully back and have consistent outlook, AUD will increase and the labour market will become stronger.

http://www.couriermail.com.au/news/business-brims-with-confidence-as-national-australia-bank-monthly-business-survey-finds-industry-confidence-at-its-highest-level-in-25-years/story-fnihsrk2-1226735074888


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National Australian bank released a quarterly Survey last October 10, 2013. We will know what really the insights why the NAB’s view of the market is slightly less optimistic.

According to the NB survey, “NAB sees capital city house prices rising by 3 ½% in the year to September 2014 and 3% in the year to September 2015.” The relative low offered by fixed interest may be helping to boost investment demand. And thru this, there was a huge jump in demand for new property. The survey found that resident owner occupies remain the biggest players in the new property market. Apparently, rental growth going slow and faster capital appreciations influence the rental to depreciate. The expectation of lacking of stock is rising because of the impediment to buying existing property.

 

Residential Property Survey _September 2013_ (1).pdf (183.59 kb)


Tags: nab

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Homes are not identical because of the factors considered such as the price, features and time. It is the same with selling of the properties to identify the average of the high range and the low range. The most accurate indicator of a market is the Median.

According to Real Estate Institute of Western Australia (REIWA), “Perth’s median house price has continued to drop with figures from the September quarter showing a 2.8% decline.” Nowadays, Perth showing a median price of around $508,000 for September. It shows that the home buyer activity is strong which pulling the market down the median. But, we are still expected to turn around on December. The rise in the vacancy rate is now softening in rents and the renal market drop in median rent from $475 per week.

http://www.apimagazine.com.au/api-online/news/2013/09/drop-in-perth-median-house-price


Tags: Median Price

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According to RP Data, “Perth home prices have increased 10% over the past year – double the capital city average.” Sydney leads so far in 2013 with 7% increase in prices and Adelaide is the only city dropped this year. Perth house prices increase with 9.4% more than 12 months ago. Perth is one of the capital cities to record a price dip over the month of August but the last two months were slowdown. Is this the welcome sign of a strong growth in Australian Property market? We have more sustainable growth nowadays and it is a sign to renew the housing market.

 

 

http://www.propertyobserver.com.au/news/perth-prices-up-10-over-past-year-rp-data/2013082564432


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