Homes Market outlook
Jul 2nd 2003, 1:42 pm
#1
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Location: Perth Arse end of the planet
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Homes Market outlook
Boom bang a bang then doom bang a bang , who know but all the friendly bank managers will be dishing out meaga bucks to the punters in the hope of taking it back with interest.
Analysts describe the dilemma facing the Reserve as the most difficult in years, and the problems will intensify with a housing forecaster predicting prices will again surge after a brief pause over the coming months.
A report from BIS Shrapnel released yesterday predicts house prices will rise between 9 per cent and 36 per cent in most capital cities over the next three years, with strong growth in Sydney, Brisbane and Perth.
But the firm also says a booming economy in 2006 could finally push up interest rates and "kill off" the property market, with homeowners warned of a possible 10 per cent slump in prices in the longer term.
The reaction of currency investors to Australia's interest rates staying well above US and European levels will be a crucial guide to any chance of a rate cut next month.
The dollar rose almost half a cent on the news that rates would stay at 4.75 per cent, equating to a standard variable home loan rate of 6.57 per cent. But the currency, which had risen almost a cent over the past two days, eased
Analysts describe the dilemma facing the Reserve as the most difficult in years, and the problems will intensify with a housing forecaster predicting prices will again surge after a brief pause over the coming months.
A report from BIS Shrapnel released yesterday predicts house prices will rise between 9 per cent and 36 per cent in most capital cities over the next three years, with strong growth in Sydney, Brisbane and Perth.
But the firm also says a booming economy in 2006 could finally push up interest rates and "kill off" the property market, with homeowners warned of a possible 10 per cent slump in prices in the longer term.
The reaction of currency investors to Australia's interest rates staying well above US and European levels will be a crucial guide to any chance of a rate cut next month.
The dollar rose almost half a cent on the news that rates would stay at 4.75 per cent, equating to a standard variable home loan rate of 6.57 per cent. But the currency, which had risen almost a cent over the past two days, eased
Jul 2nd 2003, 3:22 pm
#2
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Just $285 a week to live the City Beach dream
THE investment frenzy in the Perth property market has had a silver lining for tenants.
There were more than 6000 properties advertised for rent last week in Perth, providing a bonanza for people who want to rent.
Some landlords are offering a week or two free rent to attract tenants.
The median weekly rent in Perth for all dwelling types has been steady at $157 all this year.
Median weekly house rents have remained at $180 this year. The overall vacancy rate in Perth is about 4 per cent.
Perth house prices tipped to rise 20pc
THE investment frenzy in the Perth property market has had a silver lining for tenants.
There were more than 6000 properties advertised for rent last week in Perth, providing a bonanza for people who want to rent.
Some landlords are offering a week or two free rent to attract tenants.
The median weekly rent in Perth for all dwelling types has been steady at $157 all this year.
Median weekly house rents have remained at $180 this year. The overall vacancy rate in Perth is about 4 per cent.
Perth house prices tipped to rise 20pc
Jul 2nd 2003, 3:39 pm
#3
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Thread Starter
Joined: Aug 2002
Location: Perth Arse end of the planet
Posts: 7,037
Originally posted by The Tooth Fairy
Just $285 a week to live the City Beach dream
THE investment frenzy in the Perth property market has had a silver lining for tenants.
There were more than 6000 properties advertised for rent last week in Perth, providing a bonanza for people who want to rent.
Some landlords are offering a week or two free rent to attract tenants.
The median weekly rent in Perth for all dwelling types has been steady at $157 all this year.
Median weekly house rents have remained at $180 this year. The overall vacancy rate in Perth is about 4 per cent.
Perth house prices tipped to rise 20pc
Just $285 a week to live the City Beach dream
THE investment frenzy in the Perth property market has had a silver lining for tenants.
There were more than 6000 properties advertised for rent last week in Perth, providing a bonanza for people who want to rent.
Some landlords are offering a week or two free rent to attract tenants.
The median weekly rent in Perth for all dwelling types has been steady at $157 all this year.
Median weekly house rents have remained at $180 this year. The overall vacancy rate in Perth is about 4 per cent.
Perth house prices tipped to rise 20pc
This is true its harder now to buy than rent with so many dreams tied up in property its hard not to see a correction in the market.
Why service a massive mortgage when you can live in the same home cheaper than carrying the debt , given time the out of pocket investors will flood the market with unwanted ex-rentals at a knock down price.
Last edited by pommie bastard; Jul 2nd 2003 at 4:00 pm.
