Thursday, April 1, 2021

CoreLogic reports March Increase Across the Nation

Fresh numbers show that Australia's housing run is continuing with the March figures up in all capital cities. In Perth, there was a 1.8% increase in the CoreLogic Home Value Index last month, contributing to a 6% increase in the year to date. Nationally, the index went up 2.8% in March with Sydney up 3.7% in the month. The average house price in Perth was selling at $505,850. 

In April, we will see the effects of JobKeeper being wound back and the end of the the rent rise and eviction moratorium. 

Monday, March 1, 2021

February sees 1.5% increase for Perth houses

 CoreLogic has reported this morning that their house price index increased 2.1% in February in Australia, the highest increase in 18 years. Sydney and Hobart went up 2.5% while in WA, house prices went up 1.5% in February. 

Monday, February 22, 2021

Perth house prices predicted to increase 20%

Westpac economists have boldly predicted that Perth prices are about to go up 12% this year and 8% next year. With buyers saving more than they ever have during the pandemic and getting wiser about the use of borrowed money, many are in a better position to buy than ever before. Interest rates are low and the rental market is forcing many to make the leap into home ownership. Investors are also coming to the conclusion that money in the bank is going backwards. Some are moving into the sharemarket while others are sticking to real estate. Are you a buyer entering the market for the first time? 

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