Last week, we had ANZAC Day long weekend, auctions were reasonably solid and market continues to indicate a general moderation. But housing market is starting to impact on most of the cities which have resulted to flatten.

 

Based on the report, a long weekend of the national property market remains flat. Melbourne values fell 0.6% but sit at 5.1% for 2014 while the Brisbane’s growth of 0.2 has it sitting 6.3. Among all suburbs, Perth and Adelaide had the strongest weekly growth of 0.6%. The auctions may soften because we have more properties listed but many investors. Buyers showed their interest. Auction activity may result to provide a more robust picture and encourage more buyers.

http://www.perthnow.com.au/realestate/house-prices-softened-during-a-quiet-weekend-for-auctions/story-fnhlgp12-1226898151863


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Based on the RBA report, “Stronger activity in the housing market, particularly by investors, can be a signal of speculative demand, which can exacerbate property price cycles and encourage unrealistic expectations of future housing price growth among property purchases.”

 

Nowadays, interest rates are at record low and it is competing for banks. The house prices will not continue to rise forever because lots of factors may change although, interest rate remains on hold. Economists are trying to lift the Australian dollar lower which dwells the market more competitive. Migrants and foreign investors are dwelling up the property prices. We need to maintain the consumer confidence high and definitely the banking system continued to perform strong. House prices may grow or become affordable when unrealistic expectations come.

http://www.theguardian.com/world/2014/mar/26/reserve-bank-warns-house-prices-cannot-keep-rising-forever


Tags: house prices

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Australian Housing is providing early signs to have a solid and strong growth. But the market performances are remains typically mixed, and prices growth swinging. Would the interest rates show a great impact in house price? Reserved Bank decided to leave the interest rate on hold and shows a sign of improvement.

 

According to Senior Research Analysts at property information provide RP Data in Brisbane, “Higher levels of affordability have been purely based on the fact that interest rates are low.” First home buyers purchasing now need to be accounting for the fact that they’re going to start rising.” Expectations remain that the housing market will continue to survive. Most of the big cities show strong performances in solid housing market activity. All the market is emerging positive factor in market survival.

http://www.businessweek.com/news/2014-04-15/australian-buyers-dreams-deferred-as-prices-surge-mortgages


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Last Wednesday, April 16, 2014, National Australian Bank (NAB) released a Residential survey which revealed that the first quarter have brought biggest inflow in buyer activity. It shows that foreign buyers are the driver in having strong buying activity last March. The foreign buyer’s activity was noted active in Queensland especially in NSW but softened in WA. The outlook for the house price will continue the upward growth nationally. The NAB survey indicates positive house price expectations in all states except in Vitoria. In order to stabilize the property prices, we need to sustain the population growth, unemployment and high foreign buying activity. By sustaining all those factors, it will put the housing market stronger.

 

Residential Property Survey _March 2014_ (1) (1).pdf (140.90 kb)


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According to figures from the RP data in the three months to January, “Sydney recorded the highest number of property sales with 22,005 properties changing a hand, that’s about 240 properties a day.” It is good news for us because many properties were sole despite of up swinging market. It shows that almost all states are showing increase in house sales. Sydney leads the increase with 21% and followed by Brisbane. Perth was 9,717 property sales for the three months. All capital cities shows optimistic result and have seen the higher number of properties compared last month. The figures revealed that we have strong market compared last 2013.

http://www.perthnow.com.au/realestate/selling/transaction-levels-are-on-the-way-up-throughout-the-country/story-fnhlgp51-1226885212912


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In all capital cities in Australia, house prices increased by March. March quarter dwells values to rise. Housing market shows substantial increase. If these activities continue, we will have a strong pace of sustaining the growth.

 

According to the SQM Research, “National Stock on market was up by 1.8% during the month.” March proved that we had a better market and had many properties listed compared with the previous months. It shows that market level will lead to become strong and sustainable.

http://www.perthnow.com.au/realestate/the-number-of-residential-properties-listed-for-sale-is-up/story-fnhlgp12-1226877699814


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According to the Real Estate Institute of Western Australia, “Perth’s Median house price climbed to $550,000 in March 2014, up from $ 546, 000 in December 2013. REIWA’s figures also showed the market had cooled in the March quarter, with Institute President David Airey describing the last three months as “choppy.”

 

Because of the low interest rates, housing market is accumulating. Perth is one of the cities perform well. Housing market continues to rise because of the affordability and provide positive activity. Perth housing market continues to record solid and the best performer. Joondalup and Wanneroo lead the heads up.

http://www.wapropertynews.com.au/perth-median-house-price-climbs-550000-march-2014/-1846


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In Perth Metropolitan, Sales last February was increasing. The sales returned for the level after the seasonal dip lat quarter. Last February, it was reported that listings for properties increased. Would March quarter give a better picture of Perth Housing Market?

 

According to the Latest Commonwealth Bank – RP Data Home Buyers Index, “Perth has been declared a “balanced” market.” It shows that housing market is reasonably balanced. Despite of the negative impact and the up swinging condition, Perth market remains balanced. We have more properties vacancy rate had lifted but still market is balanced between supply and demand.

http://www.news.com.au/finance/real-estate/perth-property-market-tilting-towards-sellers-according-to-latest-data/story-fndbaln9-1226869850878


Tags: Perth Market

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Based on the Australian Capital City Housing Market Report; by APM Senior Economist Dr. Andrew Wilson, “Housing markets continue to rise with lower rates.” Housing market swinging because property auction still strong, But despite of negative feedback, Housing market continues to provide positive indication.

 

Historically, interest rate plays a big role in the economy. Reserve Bank leaves the interest rates on hold. Despite of the sluggish economy, Perth housing market can be expected to record solid because of the home buyers’ performances. Since Western Australia has the highest market of home buyers and have resources boom.

http://news.apm.com.au/apm-news/march-national-housing-market-report-20121213-2bc7c.html


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