News Archive
High demand is good news for investors!
25 August 2010
In a definitive move against the trend in the rental market, North Perth and Mount Lawley are showing a high demand for rental properties with vacancy figures substantially lower than the Perth average. Currently, rental vacancy rates across Perth are at 4.3%, but our office is showing very low vacancy rates of under 2%. The high demand in North Perth and Mount Lawley demonstrates ... read news item »
Softening Demand & Softer Prices & More Property For Sale
11 August 2010
Softening Demand & Softer Prices & More Property for Sale Buyers are back in the driving seat according to the Real Estate Institute of WA’s June quarter property market results. The Perth median house price fell 2.5 per cent to $490,000 from the revised March result of $502,500. R... read news item »
Market confidence pushes Perth house prices!
13 April 2010
Perth’s median house price is likely to pass the $500,000 mark in the March quarter as sellers and buyers gain confidence in the market. Real Estate Institute of WA President Alan Bourke, said the institute was showing 12,700 properties for sale in Perth at the end of March, representing a 22 per cent increase on December. “This includes around 2,060 blocks of land, which ... read news item »
HOUSE PRICES REACH NEW RECORD!
11 February 2010
Median house prices have reached new records in Perth, Geraldton-Greenough, Kalgoorlie-Boulder, Karratha and Port Hedland as the property market bounces back. Data released today by the Real Estate Institute of Western Australia show that the December quarter saw strong growth across the State for both units and houses. In Perth the median house price has reached a new high of $480,00... read news item »
HOUSE SALES UP 32%
14 October 2009
The property market rebounded in the past year with house sales up by almost a third across the nation, a leading analyst says. The number of houses sold across Australia was 130,000 in the June quarter, up 32% from the corresponding period in 2008. RD Data national research director Tim Lawless said Perth had the greatest growth in sales of all capital cities in the past year. Sales o... read news item »
GROWTH IS LOW AND CONFIDENCE IS DOWN-IT'S A GREAT TIME TO BUY!!
04 September 2009
Warren Buffet loves pessimism. The world's greatest investor, Buffett knows that the right time to buy is when others aren't. So, if you're considering investing in property, then right now, when we're at or near the bottom of the economic downturn, is a pretty good time to buy, and the Northern inner city is an excellent place to do it. Throughout the global financial crisis property pr... read news item »
Home loans at an 11 month high!!
14 April 2009
The number of new housing loans is at an 11 month high, lifting by 0.4 per cent in February. First home-buyers account for almost 27 per cent of home loans take out-the highest on record. Banks account for over 92 per cent of all loans-a 33 year high. Consumer confidence surged to 13 month highs in April. An average wage earner paying off a $300,000 home loan is saving $770 a month of r... read news item »
First Home Buyers Get Boost!
03 December 2008
Joint Media Release with the Treasurer, Wayne Swan, and the Minister for Housing, Jenny Macklin, $21,000 Boost for First Home Owners The Rudd Government today announced a First Home Owners Boost to ensure first home buyers will be eligible for grants of up to $21,000. The First Home Owners Boost is a decisive Rudd Government initiative to stimulate housing activity and give first home buyers a b... read news item »