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 CONTINUES TO KEEP THE NATIONAL ECONOMY STRONG
WA has recently been viewed as a drag on the ‘national interest’ of Australia due to the state’s hard...
FANTASTIC NEWS FOR FIRST HOME BUYERS
Effective today, first home buyers are now eligible for a massive 75% rebate on stamp duty fees when buying...
Export dividends to rejuvenate WA’s economy
Great news for WA as US based energy giant Chevron finally sealed its position as a long-term powerhouse in...
Employment rate rising indicating economic recovery
The first signs of an economic recovery have surfaced with the Tax Office payroll data showing approximately 124,000 jobs...
5 REASONS WHY APARTMENT LIVING IS GAINING POPULARITY
With urban sprawl stretching 150km up and down the coast, Perth has the unofficial title of being the longest...
WA outlook improving
Commsec’s chief economist, Craig James recently voiced his belief that a rise in retail spending, population growth and an...
Apartment living on the rise
Apartment living is gaining popularity with more people pursuing the lock and leave lifestyle. Danielle McCarthy, a 29...
WA NEW HOMES AND APARTMENTS ARE ON THE RISE.
WA is the only state in Australia that is expected to see a rise in the number of new...
Australia’s household wealth hits $1m for the first time
Superannuation and rising property values have worked hand in hand to drive Australia’s average household wealth past the $1...
Perth’s growing city skyline
Perth’s skyline is continuing to evolve with Elizabeth Quay set to be the home of Perth’s tallest twin skyscrapers....
