A strong finish for housing values in 2019
January 2, 2020
Recent data from CoreLogic’s national home value index shows housing values continue to rise in Perth with a 1.1% increase in December and an impressive 4% over the last quarter finishing 2019 on a positive note.
“the housing value rebound was spurred on by lower mortgage rates, a relaxation in borrower serviceability assessments, improved housing affordability and renewed certainty around property taxation policies post the federal election. Lower advertised stock levels persisted providing additional upwards pressure on prices amidst rising buyer activity.” said Tim Lawless, Head Researcher for CoreLogic.
Click here to read the full report from CoreLogic.
Read Our Other Articles
WA’s resources sector key driver in Australia’s economy
It is good news for Australia’s economy with the mining sector set to re-establish itself as a key driver...
WA leads way in lifting COVID-19 restrictions
NSW Premier Gladys Berejiklian recently announced a wide-scale easing of COVID-19 restrictions for the state to get the economy...
Top 10 reasons why Adelaide will emerge strong from COVID-19 shutdowns.
Among the capital cities, Adelaide’s property market is well placed to emerge from the shutdown with prospects of growth,...
Quick recovery could reduce Government bailout spend
The JobKeeper and JobSeeker schemes, originally budgeted to cost $130 billion with the expectation that 6 million people would...
Perth Property Market | Demand exceeds Supply
Perth’s property market, despite COVID-19, is experiencing higher demand than supply with REIWA President commenting on a reducing number...
Key indicators of Perth’s recovering property market
Perth’s tightening rental market combined with strong population growth provide two of the best key indicators to date confirming...
DEMAND FOR WA’S NEW HOME INCENTIVE SOARS
The Western Australian $20,000 new home incentive has been so popular that even Premier Mark McGowan believes he will...
Construction Update
It is exciting times at Griffin as several of our projects move into the construction phase over the coming...
Construction industry showing signs of recovery
Employment in construction has risen 1.5% in WA since the COVID-19 trough in April with data from the Australian...
WA outlook improving
Commsec’s chief economist, Craig James recently voiced his belief that a rise in retail spending, population growth and an...
