Last year, Australian Housing Market was unstable because of the poor consumer confidence. In addition with this, we had interest rate and property market bottomed up. Will consumer confidence returning this 2013?

According to the Property Council-ANZ Property Industry Confidence survey, “Property and Construction Professionals throughout Australia are confident about the WA market for the March 2013 quarter.” Based on the index, confidence jumped last February up to 7.2% and it might influence property price growth and possible interest rate cut. Indeed, property market is recovering and improving that makes property professionals are back in the market. Positive indicator encourages buyers to invest and this is a good sign to buy a property in Perth.

http://damien-mills.loanmarket.com.au/news/confidence-high-for-wa-property-market-in-2013/#.US42qTd9xn0


Comments(0)



According to APM Senior Economist Dr. Andrew Wilson, “Looking ahead in 2013, activity will depend on the direction of local economies, as it is no coincidence that the better performing housing markets in 2012 reflected better performing economies.” Australians are optimistic by nature and they help on expecting a better economy. Perth is the top performer and include as the most expensive house in the world. By this, it really helps to boost the economy because Perth is one of the states that lift Australian’s economy. Consumer confidence improves, lower interest rate, strong migrations are some factors combined to a better year for property. If the property market will boost next month, it means we will have a better economy because it is a sign of recovering Australia.

http://www.perthnow.com.au/news/western-australia/perth-dominates-latest-property-figures/story-e6frg13u-1226565474027


Comments(0)



 

National Australian Bank released their survey last February 20, 2013. Facts are in the survey but the question is; Will Commercial Property has pessimistic result? Will help the economy to boost?

According to NAB survey, Australian retail and office property prices feel as rents declined. Retail property capital values dropped 1.4% in the last quarter last year and offices weakened 0.6%. Indeed, office prices fell as rents declined. Last quarter of 2012, property markets bottom but consumer confidence is slowly returning in first quarter this year. I think 2013 will be a good year of property cycle and become more competitive.

 

Commercial Property Survey _December 2012_.pdf (179.58 kb)


Tags: nab

Comments(0)



<

Growing confidence really helped the market at the moment especially the house prices. Perth recorded the nation’s top performer in 2012. Will it be continued to 2013? What are those reasons behind why Perth still on top?

According to APM Spokesman, Economist Andrew Wilson, “It says it is no coincidence that the best performing housing markets in 2012 reflected the better performing local economies.’ Optimism of the economy, interest rate cuts, tight rental market, growth in wages and population increase are factors driven the surging of Perth house prices. Because Perth performs well, housing market remains optimistic and will definitely recovered.

http://www.abc.net.au/news/2013-01-31/perth-house-prices-top-nation/4493384


Tags: perth

Comments(0)



According to Lend Lease CEO and Managing Director Steve McCann, “NSW and the Perth market are the strongest residential market with Queensland also showing “small signs” of recovery at particular price points.” Perth market has responded to local demand and improving of housing affordability contributed to higher levels of buyer confidence. 2012 especially December has been a positive year for Australian housing market that help get the market to have a good start to the year. There is an expectation to have a boost property market for this year especially in growth property price.

http://www.propertyobserver.com.au/residential/residential-market-remains-soft-but-strength-in-nsw-and-perth-lend-lease-ceo-steve-mccann/2013021859395


Tags: perth, WA

Comments(0)



 

National Australian Bank released 2013 survey last 31st of January 2013 shows confidence and improvement for the business. We hold the gains made last December. NAB expected also for a rate cut in May. Business confidence was broadly steady since December until January and it improved to -2 from -5. But after all the expectations, December improvement seems to weaken because mining activities fell and labour costs growth softened. However, we see the GDP growth of 2.0% over 2013 and expected a demand growth on March quarter.

 

Residential Property Survey _December 2012_.pdf (174.64 kb)


Tags: nab

Comments(1)



Nowadays, Perth leads the property market recovery. Perth property investment influenced by the mining sector and known that real estate is the home of fastest growing population. Will building houses answer the housing shortage?

According to the latest Housing Industry of Australian (HIA) report to 2020, “In order to have the additional population as well as eliminate the already existing housing shortage, Western Australia will need to build approximately 31, 700 homes per annum in the years to 2020.” Since WA has the fastest growing population of all the states and expected that more investors to move this year, HIA reported that 43% equivalent to 31,700, homes per annum that dwells completion and to satisfy the demand. 2013 is a good start to see a general trend of property investors and will continue the demand on mining resources.

http://www.propertyinvestmentplanning.com.au/perth.htm


Tags: HIA, perth, WA

Comments(0)



According to the Real estate Institute of WA (REIWA), “the median rent for unit, apartments, villas and townhouses fell to $420 a week during the December quarter.” December data would be the beginning data for the year and really affects of what happening on the market. The data shows that Perth rent in units and apartments dropped by $10 per week but rent in houses continued to rise to $10 per week.

Despite of all, REIWA found out that state’s rental vacancy rate lifted by 1.8% to 1.9%. Nowadays, house prices and rents are increasing but units and apartments fell. Will March quarter is the period to recover? Would rent will become flat or continue to fall?

http://www.communityhousing.com.au/unexpected-drop-in-perth-rents/


Tags: perth rent, reiwa

Comments(0)



Last year, al capital cities recorded house prices rises. Among all cities, Perth stands out with 6.1% increase house prices throughout the year.

According to a new Property reports, “Perth’s housing market was the nation’s top performer in 2012. Indeed, no doubt for that report because we can see how Perth competes with all other cities and other countries as well. All indicators of recovered market perform well and reflected of what the housing market become more stable and optimistic.  We had a good end last year and I think it really mean a lot in having a good start for this year. We are expected a better housing market this year.

http://www.abc.net.au/news/2013-01-31/perth-house-prices-top-nation/4493384


Comments(0)



Many of us are expected to have a more progressive market and homebuyers are expected to become more active. Among all major cities, Brisbane, Sydney and Perth are leading the housing recovery. Will WA housing market recovered?

 

RP Data National Research Director Tim Lawless believes the results reflect a strong start to 2013, which should culminate in a full housing market recovery.” Overseas migrants and interest rate cut are driven in explication of negative factors that pushed house prices down. I think, this year is the big turning point that housing market will recover in full. We will have stronger market if RBA will cut the interest rate and consumer confidence is heading at the right direction which an indicator of a better housing market.

http://www.heraldsun.com.au/realestate/housing-market-headed-towards-full-recovery/story-fnczi4hc-1226566580771


Comments(0)



Based on the REIWA report last year, Perth’s rental market shown signs of easing the Perth’s rental market for the 4th quarter last year. Would it be a start to have an increase of rent in Perth?

According to REIWA President David Airey, “The data show that while the median rent for a house lifted by $10 to $460 per week, the median rent for strata dwelling such as units, apartments, villas and townhouses fell by $10 to 4420 per week.” Vacancy rate is still tightened but overall median rent has remained stable. Despite he modest drop in price for units and apartments, we need to instill out mind that we still have hope to cope up on March which is the strongest period in rental activity.

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

 


Tags: perth rent, reiwa

Comments(2)