March quarter is the busiest time of the year but is this the right time that vacancy rate remains stable? Could Perth’s median rent remain stable? Will continue to unchange for the coming months?

Based on the latest rental data from the Real Estate Institute of Western Australia show that in the past 3 months to January, there was a 13% climb in the number of new leases from the December quarter, Stable house prices, low interest rate and the ongoing demand by tenants are those factors that encourage investors to become more active.

http://blog.realestateview.com.au/2013/03/wa-house-rents-stable/#more-1647


Tags: house rent

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According to the Real Estate Institute of Australia’s Housing Affordability Report, “Affordability in WA improved in the December quarter, with the proportion of income required to meet loan repayments decreasing by 1.4 percentage points to 22%.”  Lots of factors really affect in house prices but it depends on the result of the market. Migration, employment rates, interest rates and levels of confidence are those factors or basis that affects house prices. The ongoing evidence supports that Perth’s market is a property leader nationally. Will house prices continue to rise or to fluctuate?

http://www.perthnow.com.au/realestate/wa-property-market-flourishes-according-to-reiwa/story-fncziq8y-1226591703004


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According to Western Australia’s Land authority, “confidence in the property market continues to strengthen with figures showing an increase in activity for the month of February,” It shows that homebuyers are back to the market and more active buyers. There will be ongoing pressure with the housing market due to continue population growth that helps state’s healthy economy become boom. The market looks like to continue to strengthen and the market is expected to become normal.

http://www.abc.net.au/news/2013-03-08/perth-property-market-on-the-rise/4560156


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According to REIWA President David Airey, “The share of first-homebuyer activity had declined, but the increase in “trade-up” sales of more expensive properties had lifted the median price.” The house prices range to 400,000-$600,000 and Perth property prices return to a record high, with median house price $500,000. March quarter is the strongest market for the year but there was an optimistic survey shows in Western Australia that the economy will become better for the coming years. Will the house prices continue to rise or to subdued?

http://au.news.yahoo.com/thewest/a/-/wa/16385956/perth-house-price-hits-500k/


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The RBA left the Interest rate on hold during the meeting last March 05, 2013. During the meeting, he cash rate unchanged at 3.0%.

Based on the RBA’s Governor Glenn Stevens statement, ‘sentiment in financial market is much improved compared with the middle last year.’ Would it be the only basis why interest rate unchanged? Dwelling investments appears to be slowly increasing and further signs that already loose local monetary policy is getting some traction. The housing market continued to improve which means that global economic indicators were more optimistic and we have a better market compared last year. Some are still expecting interest rate cut by the 3rd quarter of this year. Will interest rate cut possible?

http://theconversation.edu.au/interest-rates-should-stay-on-hold-for-now-12612


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We all know that Australian Economy recovered last December and Property Market is starting to revive. Will housing prices remain stable?

According to SQM Research, “Price expectations of home sellers are climbing across Australia as confidence of a recovery in the real estate market grows.”  Nowadays, since the consumer confidence are back into the market and buyers are bidding more aggressively for real estate. Australian capital city house rose 0.4% in February and 1.5% increase for all nations’ eight major cities. A rise in house prices comes growing signs of recovery and demand will continue to rise. Indeed we have a better property market and expected to have interest rate cut soon.

 

http://www.scmp.com/property/international/article/1159175/australian-home-asking-prices-rise


Tags: house prices

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