The local market is more accessible because of the low interest rate and house prices declination. Perth’s housing affordability continues to improve and it is more affordable nowadays.

 

According to HIA Senior Economist, Shane Garrett, “The impact of lower interest rates and continued earnings growth has insured that home purchase affordability has improved over the past year for existing homeowners and those on the cusp of entering the market in the short term.” March driven the housing market to become more improve affordability especially in Perth and Sydney. Housing affordability continues to improve and heading to recovery.

http://www.couriermail.com.au/realestate/news/housing-affordability-has-improved-in-perth-sydney-but-not-everywhere/story-fnihpvaf-1226935885666


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According to the latest ABS figures, “The Perth median house prices is (almost) $600,000.” The median Perth house price is exactly $597,700 released last May 13. Although the market would continue to have solid returns, there would still an expectation in price growth. I think Perth suburbs have good prospects and closer to have a stronger growth cycle. Lower interest rate is driving Australia to build a new home to generate investments. If it will happen, house market continues to boom.

http://www.wapropertynews.com.au/perth-median-house-price-600000/-2142

 


Tags: Median Price

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Based on the report, Auction volumes were up but across the capital cities, markets struck a balance between demand and reality. Melbourne is the only cities which stand out among the capital cities. Most of the eight cities are swinging and going to negative.

 

The property market is correctly valued and house prices are surging ahead of rents. I think markets look balance which property prices undergone growth which increases in market confidence.  Lower interest rate and strong rebound in the market makes the property market stronger.

http://www.perthnow.com.au/realestate/auction-numbers-up-values-down-as-property-markets-find-balance/story-fnhlgp12-1226931609789


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According to the RP Data – Rismark measure of house values, “It is showing values in Perth down 1.4% this month.” Based on the report that Perth house prices continue to fall because of the interest rate on hold. The investor activity is still rising and consumer confidence is increasing.

 

According to AMP Capital Chief Economist Shane Oliver, “It may be too early to talk about rate cuts but an extended period without any change was increasingly likely.” Interest rate may change some time and it will affect the flows of housing market. Behind the surge in home prices, rents are continuing to fall.

https://au.news.yahoo.com/thewest/latest/a/23836685/perth-house-prices-continue-to-fall/


Tags: house prices

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According from the SQM Research figures, “The number of residential vacancies nationally rose during April by 0.3% to 2.3%. It was the highest vacancy rate result for April.” We all know that rental market is swinging and vacancy rate increases, The jump in vacancies has been driven by Perth, Brisbane, Canberra and other capitals may either flat or falling.  I think rental market is increasingly lower demand, the increase is heading to the right direction and this is the end of housing shortage.

http://www.perthnow.com.au/realestate/pressure-on-rental-marketing-easing/story-fnhlgp12-1226922890872


Tags: Rent Vacany

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Confidence is the major indication for housing market. I think house prices not certain but expect to accelerate by 2015. There is a modest increase in Australian capital cities in house prices and Perth indicates the greatest increase. Will Australian Housing market continue to become most expensive?

 

According to Housing Industry Association Senior Economist Shane Garrett, “New home building offers the possibility for some economic good news this year. It is important that land supply policies act in concert with broader economic objectives.”  Because of the interest rate unchanged, overall affordability will remain stable in 2014. The housing market outlook is stayed largely. Australian residential property market set to continue to do so in 2014. It is expecting also that slow interest rate will continue for some time.

http://www.reinsw.com.au/Pressure-of-the-residential-land-market-set-to-continue/default.aspx

 


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Based on May 06, 2014 Board meeting, the board decided to leave the cash rate unchanged by 2.5%. Monetary policy is appropriately to foster sustainable growth in demand and continued accommodative to support the demand. Many are enjoying the 9 straight months of record low interest rates, would it sustain and help the growth to strengthen the market?

 

According to RBA Governor Glenn Stevens, “On present indications, the most prudent course is likely to be a period of stability in interest rates.” There are some factors which downturn to help the market. Signs of improvement in investments in other sector are soften and demand for labor has been weak.  Therefore, unemployment has risen and exchange rates become low.

http://www.rba.gov.au/media-releases/2014/mr-14-07.html


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National Australia Bank (NAB) released their quarterly survey last May 1, 2014 in Commercial Property. In Overall impact of the survey, it shows pessimistic result. Business confidence shows negative; however outlook remains strongest for industrial sector. The more optimistic states and has a big improvement in WA and NSW. When the indicators will increase and change, maybe somehow changed the market. When the interest rate will have movement next quarter, possibly the market will improve more.

 

Commercial Property Survey Document _March 2014_ (1).pdf (201.28 kb)


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The median house price has increased last march to $ 440,000. Low interest rates have led investors looking for a prospective investment. Will this indicate to continue to rent of to buy?

 

RESIDEX has released its house price results for the month of March, which revealed a 0.62% increase in house values nationally and 0.77% rise in unit values. Rents are not rising so fast because landlords may have to consider the property rates. Interest rate presently influences the economic. Indicators show whether we should continue to rent or this is the right time to buy.

http://www.macrobusiness.com.au/2014/05/residex-house-price-growth-has-peaked/


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