Based on the Wikipedia, Arrear is a legal term for the part of a debt that is overdue after missing one or more required payments. Housing tenants are obliged to pay the rent at the end of month or on the due date. Will holidays play a big role why housing arrears are increasing? Will arrears continue to rise till the end of the first quarter of 2014?

 

According to Moody’s Investors Services, “The percentage of home owners a month or more behind on mortgage repayments lifted from 1.44% in December to 1.66% at the end of March. The increase was consistent across all mortgage providers, he added. Cutting the cash rate by 25 basis points play a big role why arrears lifted. Stagnation of local housing market and unemployment are factors really influence arrears also. Anyhow, despite of the negative perception, we still have hope and already forecasted, everything will going smoothly by the 2nd quarter of 2014. We will have a boomer and competitive housing market in 2014.

http://www.propertyobserver.com.au/mortgages/small-rise-in-home-mortgage-arrears-rate-in-march-blamed-on-christmas-holiday-spending-moodysratings


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Perth carried momentum for this year and it predicts to more affordable on 2014. Interest rate will be possibly up with unemployment rate still in moderate. This is the year for recovery and property market will determine to recover by the second half of 2014.

According to RP Data Research Analyst Cameron Kusher, “The market will enter 2014 with strong momentum. For record, we have low interest rates and consumer confidence is accelerating.  These are the key drivers to return home-buyers back on the market. Perth predicted will be the strongest in 2014 which labor force is accelerating and unemployment is in moderate status.

http://www.perthnow.com.au/realestate/buying/real-estates-best-of-the-best-in-2013/story-fnhlgp6j-1226787439890

 


Tags: perth

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Around Australia, Perth is the provider with opportunities for investors and migrants. This year, Perth have relatively affordable and offer a reasonable rent. Perth is the most successful suburb for property investment and homebuyers are more active compared with the other suburbs.

According to the RP Data Records, “It reveals the Perth’s most profitable suburbs for 2013” Pilbara town of Oslow recorded the highest average gain for houses. Based on the RP Data figures, across Perth, it rose by 8.9% in the most profitable suburb. The market is more stabilize and home buyers perform well in buying and selling property.

http://www.perthnow.com.au/realestate/news/was-most-profitable-suburbs-revealed/story-fnhlgriw-1226786876164


Tags: perth

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According to the Reserve Bank of Australia (RBA) in the minutes of its December Board Meeting, “It would not close off the possibility of cutting the cash rate again but decided to hold steady at the record low of 2.5% in December to allow previous cuts to continue filtering through the economy.” The RBA still hope that it could possibly another cut in interest rate. Despite, boosting in Business confidence, increase in investment and expecting growth for the following year. Interest rate may still on hold till the end of the year. Some factors responded the lower interest rate especially the housing but are not like the mining investment. Economists are less optimistic about the economic outlook. RBA was open to the possibility of further rate cuts but it is still very mild.

http://au.finance.yahoo.com/news/another-cash-rate-cut-still-053633807.html


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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.

http://www.perthnow.com.au/realestate/news/first-home-buyers-still-a-force-in-wa-despite-national-trend-down/story-fnhlgriw-1226780008412


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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.

http://www.perthnow.com.au/realestate/news/perth-real-estate-market-heats-up-for-summer/story-fnhlgriw-1226774376119


Tags: Perth Market

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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.

http://reiwaviews.com.au/2013/12/market-snapshot-for-november/


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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.

http://www.perthnow.com.au/news/western-australia/perth-houses-hit-535000-median-price-record-on-back-of-big-quarter/story-fnhocxo3-1226773345007


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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.

http://www.thecourier.co.uk/news/local/perth-kinross/optimism-after-perthshire-property-market-growth-1.149838


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