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
Property market still positive despite COVID-19
REIWA has called on the State and Federal governments to conjure up a relief package stimulus to ensure the...
Millennials jumping into the property market
Young Western Australian‘s have experienced a significant savings boost due to the lock down measures decreasing their spend on...
Investors embracing Perth’s potential growth
More than 60% of investors believe that Perth has the highest growth potential of any market in Australia over...
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...
Bold 10 year vision for Perth
An exciting new vision has been unveiled this week by The City of Perth Council who endorsed the release...
WA $1.2 BILLION BUDGET SURPLUS
WA is on track to deliver a $1.2 billion surplus this financial year following the windfall of iron ore...
RESIDE ON MONEY – Major construction milestone reached!
A huge milestone was reached over the weekend for our Northbridge development. Reside on Money builders, JCM Construction, laid...
New in the neighbourhood
I spy with my little eye, something beginning with … COFFEE. That’s right, your daily ritual is now in...
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...
Thousands of jobs for West Australians with PM’s new plan
Today Prime Minister Scott Morrison will unveil his WA plan to generate multiple infrastructure projects which will create thousands...