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Perth rental vacancy rate at lowest level in 4 years

October 19, 2018

Source: The Real Estate Conversation

The Perth rental market is leading the way in the housing market recovery, with vacancy rates at their lowest level since 2014 according to REIWA data.

easing activity is up, median rents remained stable, stock levels have reduced, average leasing times were faster, and the vacancy rate has plummeted to its lowest level in more than four years, according to the Real Estate Institute of…

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More full-time work cuts WA jobless rate

October 18, 2018

Source: Perth Now

EMPLOYMENT across WA has reached its highest level in three years, with new figures showing the jobs market strengthening.

The Australian Bureau of Statistics reported this morning that the State’s jobless rate edged down to 6 per cent in September.

It was on the back of the creation of 6900 full-time jobs over the past month. There are now 922,600 full-time jobs in…

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Business tips a bright future for the State

October 17, 2018

Source: Perth Now

CONFIDENCE among WA’s businesses has soared to its highest level in five years as the mining and health sectors grow more upbeat about the economy.

The WA Chamber of Commerce and Industry’s latest survey of business sentiment, to be released today, shows 54 per cent of surveyed firms believe the State economy will lift over the next 12 months. A year ago just 26 per…

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Tasmania market continues to soar

October 16, 2018

Less than a month after Tasmania registered strong take-ups in areas of new detached home growth and an emerging first homebuyers market, the state’s home building industry outperformed every other state and territory during the 2017- 2018 period.

The Australian Bureau of Statistics (ABS) data for that period showed that total dwelling starts in the state increased by 29.4%, marking the highest rise across the nation.

Growth in both…

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Perth still a buyer’s market

October 15, 2018

Source: The West Australian

Perth homebuyers remain the beneficiary of the local property market, but with signs indicating a recovery is on the horizon, the favourable conditions that currently prevail won’t last forever and buyers should act soon if they want to secure a home at current prices.

Last week, REIWA’s data partner, CoreLogic, released the national home value index results for September which showed that while…

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Rental vacancies point to property market on the rise

October 8, 2018

Source: The West Australian

A falling average vacancy rate in Perth’s rental market is pointing to a recovering property market on the whole, according to industry experts.

The rental vacancy rate in Perth dropped to 4.2 per cent in the three months to August, according to REIWA figures.

“What we are seeing is a steady yet healthy improvement in tenant activity,” REIWA President Hayden Groves said.

 “Steady…

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WA Excerpt from the 2018 October Market report

October 5, 2018

Source: Your Investment Property

WA is looking to diversify its economy to inspire confidence in the market and boost its population growth

Perth is making moves to pick itself back up following its prolonged stay at the bottom end of the market, but the process will not be easy as investors remain wary of buying in this state.

“While the market may level out in the next six months,…

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The 4 Rules of creating wealth using property investment

If you think you can’t create wealth through property, think again!

  Separate your life from your property investment

The most important part of being able to successfully invest in property is the organisation of your money. By getting control of your income and personal mortgage, getting debt reduction and money control happening, you can confidently launch into property investment. We teach our clients how to separate their personal…

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Reserve Bank of Australia leaves interest rates level

Source: Your Investment Property

The Reserve Bank of Australia (RBA) announced on Tuesday that it is keeping the cash rate unchanged at 1.50% as the bank continues to track the property market.

RBA said that the low level of interest rates is backing the robust economy – the GDP rose by 3.4%, and growth is forecast to average just above 3% in 2018 and 2019.

CoreLogic Head of Research Tim…

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