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
Househunters flocking to the city of Adelaide
The city of Adelaide is the state’s most sought-after location in South Australia with 943 property sales recently recorded...
Construction Update
It is exciting times at Griffin as several of our projects move into the construction phase over the coming...
BHP to raise Iron Ore export capacity
BHP is looking to increase its Western Australian iron ore export capacity from Port Hedland by an extra 40...
Price increase for Adelaide suburbs
Solid property news for Adelaide which according to API is now leading the nation for house price growth with...
REIWA’s push for stamp duty to stay
RIEWA president Damian Collins is urging all political parties to look into options to extend the buying-off-plan 75% stamp...
Hong Kong Buyers seeking Australia safe haven.
Hong Kong residents struggling with China’s influence on Hong Kong are seeking out Australia as a potential new place...
Perth is on the map for migrants
There has been an exciting development for migrants taking part in Australia’s regional migration program. Since mid-November, migrants are...
WA Projects set to bring in Billions
WA’s economy is looking promising with over 50 new projects set to bring in billions, with WA looking at...
Phase 3 for WA sooner bought forward a week
WA Premier Mark McGowan has indicated phase 3 of the four-phase plan for lifting the current COVID-19 restrictions may...
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...