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
Short-term economic pain to lead to longer term gain
The Urban Development Institute of Australia was pleased to recently host global economist Jonathan Pain who shared his thoughts...
WA outlook improving
Commsec’s chief economist, Craig James recently voiced his belief that a rise in retail spending, population growth and an...
BUYER FRENZY FOR 2021
Buyers are racing right now to get on Perth’s property market ladder. Last week a home open in Carine...
Lunching for a cause
The Griffin team with ABN Group Director Dale Alcock as their special guest, attended the 10th anniversary of the...
Scarborough Beach to get Australia’s first ever trackless tram
Sensational news for Perth as Australia’s first ever trackless trams are set to hit Scarborough Beach. This proposed $97...
Large infrastructure set to supercharge WA’s economic recovery
WA’s economic recovery from COVID-19 will be supercharged by executing a list of large construction projects that will create...
Demolition completed for The Residence development
In an important step for The Residence development, demolition on the Scarborough site has officially been completed. In keeping with...
WA house price increases despite pandemic fears
The Real Estate Institute of WA (REIWA) has stated the index for Perth’s house prices has remarkably increased by...
RBA predicts strong economic recovery for Australia
A stronger than expected economic recovery is on the cards for Australia if the nation’s successful containment of COVID-19...
FEDERAL TREASURER THANKFUL TO WA’S RESOURCES SECTOR
WA’s resources sector is continuing to provide a bright spot for Australia’s economic data as it is once again...
