Based on the increase in new home sales in May, Australia’s market is showing signs of recovery. But the question is, Is this the only factor that driven the recovery? Will these signs continue? Will the economy become better and competitive?

Several factors are generating a tailwind for recovery and it varies from market to market and some factors that driven the other sector to influence another sector. Household formation, low interest rate and the law of supply and demand are the common factors that have to do with the improvement in the market and the economy as well.  In fact, each factor plays different role in the market which have a great impact to the market. Indeed, all things considered but there is evidence that market may turned to recovery.

http://www.propertyguru.com.sg/property-management-news/2013/7/36178/australian-market-shows-signs-of-recovery


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There are a lot of factors that really influence the status of property market. One of so many factors is the consumer confidence which really returning to the market. Home prices also rise in most capital cities in which really show progressive market.

According to the latest Property Council of Australian/ANZ Property Industry Confidence Survey, “The next 12 months is likely to see conditions pick up in the real estate sector – s trend that will be driven by house price growth, a change in buying attitudes and further interest rate cuts.” Western Australia recorded the highest level of consumer confidence because of so many migrants. Because of the vacancy rates in most capital cities and demand increasing, home rent is accumulating; it attracts first home buyers into the market. We expected also to have interest cuts that dwells the house price increase and more active housing activity.

http://hoyneproperty.com.au/property-sector-outlook-promising-in-2013/


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Based on the RP data- Rismark Home Vale Index, it shows 0.4% rose across the nation’s eight capital cities last month, indicating the property sector is heading for a recovery. Interest rate cuts and this is the favorable conditions that investors invest and back to the market. Among 8 capital cities, Darwin is the strongest performer followed by Perth and Brisbane. This is the ideal time to purchase a house or a land because home values are in average and cash rate is low. Hope that all capital cities will improve and become more stable market.

http://hoyneproperty.com.au/australian-property-recovery-on-the-cards/

 

 


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