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Why you must understand market cycles

November 8, 2018

Source: The Real Estate Conversation

There have been even more media stories lately foretelling some type of Market Armageddon that is about to hit nationwide.

The issue is that it may well come true if enough people believe it. It’s all about mindset. If there are enough people making noise about it, it is easier to believe. That is what is happening in the market right now.

If it bleeds…

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Perth property market sees gains over October

November 7, 2018

Source: The Real Estate Conversation

Perth’s median house price lifted over the month of October, according to the latest figures from the Real Estate Institute of Western Australia (REIWA).

Perth’s median house price lifted one per cent to $510,000 in October, which REIWA attributes to the change in weather.

“In a city renowned for its sunshine, the Perth market tends to slow during the cold winter months. Thankfully, we’re well…

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Strike while the iron is hot in Perth, Knight Frank report

November 5, 2018

Source: The Real Estate Conversation

Now is the time for buyers to pounce on prime Perth real estate, amid a promising swell of activity, according to the latest Knight Frank’s Prime Global Cities Index – Q3 2018.

The Western Australia state of Perth is where those with deep pockets should park their cash, according to Knight Frank’s latest Prime Global Index.

The city, which just made the list of top…

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National Dwelling Values Continue To Trend Lower, Falling By Half A Percent In October

Source: CoreLogic

Dwelling values continued to fall across Sydney, Melbourne and Perth in October, pushing the CoreLogic national hedonic home value index further into negative territory.

 

 

 

 

 

 

 

 

 

 

Citing tighter credit conditions as a contributor to slower housing activity and lower dwelling values across Australia, CoreLogic head of research Tim Lawless said, “the latest results take the annual decline across the…

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Rental squeeze: Lease vacancy rate drops in Perth suburbs

Source: Perth Now

PERTH’S rental vacancy rate has nearly halved in the past 15 months, putting landlords in line for a bumper 2019 and tenants in for a hip pocket hit.

The city’s vacancy rate fell to 3.9 per cent in the September quarter, down from 7.3 per cent in July last year.

It is the lowest rate since the tail end of the mining construction…

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Premier Mark McGowan: WA economy ‘back on track’ in jobs, mining

November 1, 2018

Source: The West Australian

WA’s economy is on the mend with evidence appearing “every day” of growing confidence from business and consumers that is translating into more jobs, Mark McGowan has declared.

Despite a report out today confirming WA as the weakest State or Territory economy, the Premier said there were clear signs of economic improvement in the mining sector and more broadly.

The domestic side…

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Perth Housing Market Could Be Making A Recovery

October 31, 2018

Source: 7 News Perth

Whilst a lot of press surrounding real estate is still heavily focused around the Sydney and Melbourne markets, we can’t overlook the fact that Perth is currently the most affordable capital city market in the country when you consider income relative to property prices. There’s still some way to go in the recovery, but there are good opportunities out there for buyers who invest in the…

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How to Choose a Property Advisor and Avoid Property Spruikers

Source: Michael Yardney’s property update

Who do you ask for property advice?

With so many mixed messages and vested interests, who can you really trust?

Our annual Property Investor Consumer Sentiment Survey revealed the many and varied sources that property investors consult for advice.

But since most property investors fail to achieve the financial freedom they deserve, and with less than 8% ever owning more than 2 properties, a better…

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Can Ordering Too Much Uber Eats Damage Your Chances of Getting a Home Loan?

October 26, 2018

Source: Craig Gemmill – Gemmill Homes

Having difficulty getting  a loan for your home or investment property? Well, you’re in good company – so are many others with the banks more carefully scrutinised your expenses.

Even your dinner choice could have an impact on your future lending potential according to Craig Gemmill, Managing Director of  Gemmill Homes.

Personal spending habits on things like clothes, holidays and take away food are becoming a factor…

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How home building has evolved over the past 40 years

October 25, 2018

Source: The Real Estate Conversation

Australian homes have evolved over time but the ‘Great Australian Dream’ has remained the same.

Since the 1920s, Australians have shared the belief that home ownership is a sign of success and contentment, with this belief a constant even as the home building industry has progressed.

The most significant changes have occurred as a result of several different influences such as the economy, social movements…

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