Monday, November 30, 2009

Perth houses back up beyond $500,000

The median house price in Perth has risen 6% over the past year to a new high of $498,541 (houses average $505,954 and units $471,331).

The median house price across Australia has risen almost 10% to $496,398 according to an industry survey. Good news for renters of units as Perth has the shortest number of vacant days with an average of 19 days before being occupied again.

HomeInPerth Traffic Increases
In another sign of interest in the real estate market despite the cuts in the first homebuyers grant, September unique traffic to HomeInPerth doubled that of August and then increased another 40% in October. We hope that this website has been of some benefit to you. In return, can we ask if you could leave a comment here and tell us a little about yourself? First homebuyer? Looking for an investment? Upgrading or just curious? Thanks!

Tuesday, November 3, 2009

Melbourne Cup Interest Rate Rise to 3.50%

On the day of the Melbourne Cup, the RBA surprised no one with their increase in interest rates by 25 basis points to 3.50%. The ANZ Bank and Commonwealth Bank of Australia followed by increasing their interest rates by the same amount shortly after the RBA announcement. ANZ variable rate now stands at 6.31%

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