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.