Perth property holds the best future growth prospects according to a Wakelin Property Advisory report. The report, Outlook for residential property market, claims that Perth, along with Melbourne, is set to lead the way in investment returns over the coming year. Perth is in the midst of a resources boom led by “…China’s stockpiling of …
Where’s the property market heading in 2010?
2008 was a tough year in real estate. In those last few months it appeared there was little to expect but an almighty crash. In some instances property values took a sharp dive. Stories of people slashing prices to achieve a quick sale were rife. Few were willing to predict even a flat market. But …
Property prices peak but still no boom – REIWA
Despite record property prices we’re still not in a boom says REIWA President, Alan Bourke. Speaking to Perth Now, Mr Bourke claimed that the current surge in property prices is part of “…an enormous…correction that has to happen…in order to get back to the 2007 prices.” REIWA’s preliminary data for the December quarter shows median …
Australia Real Estate Sees Double-Digit Growth In 2009
‘This top end recovery has been completed in most capitals, with median house prices surpassing pre-global financial crisis highs for the first time in the December quarter in Sydney, Brisbane, Adelaide and Perth,’ he added.Bell said the extent of last year’’ median house price growth had come as a surprise as no one foresaw the …
