December 2018

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MEDIA RELEASE

Property prices fall across Australia - Now is the time to buy!

The median house price across Australian capital cities declined across Australia with the weighted average median prices decreasing by 0.8 per cent for houses and 2.6 per cent for other dwellings, according to the latest research from the Real Estate Institute of Australia.

The REIA Real Estate Market Facts for the September quarter 2017 saw the weighted average median price for houses for the eight capital cities decrease to $762,000, with median prices in five of the eight capital cities decreasing over the quarter.

REIA President Malcolm Gunning said the weighted average median price for other dwellings decreased to $588,400, again with median prices also decreasing in five of the eight capital cities.

“Over the quarter, median house prices fell in Sydney, Adelaide, Perth, Canberra and Darwin with the largest decrease of 8.3 per cent in Darwin.

“Median prices for other dwellings declined in Sydney, Melbourne, Adelaide, Perth and Darwin with the largest fall of 13.8 per cent again in Darwin.

“It is usual for the September quarter to show a slight dip or at least a slowdown in the rate of change in prices as buyers and sellers alike gear up for the traditional spring sales season.

“The September quarter figures also need to be interpreted against a background of sustained growth over a number of years, particularly in Melbourne and Sydney, and can be seen as an extremely active market ‘catching its breath’,” Mr Gunning said.

 

Now is the time to buy! Contact our office today to secure your dream home!

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February 2016

 

FEDERAL GOVERNMENT BUDGET LOOKING AT SCRAPPING NEGATIVE GEARING...?!

Making headlines this week, there are talks of negative gearing being ceased, or at least limited in the upcoming federal budget. The real estate institute of WA has been quick to go in to vouch for the 87% of west Australians who believe negative gearing is important for the property industry. They believe it is  vital that our political leaders have policies that encourage home ownership and honour the importance of property investment in the lives of the WA community.

Click here to read more in the media release

What is negative gearing you ask? Read about it here

FEBRUARY 2016

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