"Investors Confident of Property Outlook"

Here's another article that I have recently come across that I thought might be interesting.

A recent survey has found that 68 per cent of people believe Australian property prices are either set to increase over 2013 or remain stable.
The ninth annual National Consumer Sentiment Survey from Mortgage Choice has found that just 16 per cent of people believe further drops are expected in the property market, suggesting we have reached the bottom of the cycle.
Of the survey recipients, 39 per cent of people intend to buy over the next two years. The largest response came from investors, numbering 45 per cent of this total.
“Investor confidence is very good news. With interest rates the lowest they have been for some time and property prices remaining subdued in parts of the country, it is clear from the research many investors feel this presents a good buying environment in Australia,” said Mortgage Choice’s head of corporate affairs, Belinda Williamson.
In total, 23 per cent of buyers will be considering getting in to the market over 2013, if rates continue to decline.
Overall, “Confidence in the Australian economy for the year ahead has dipped slightly year-on-year but it is pleasing to see more than half of all those surveyed still see a positive economic outlook for 2013. In fact, 59 per cent of the state said that the financial market turmoil has influenced them to save more, which is encouraging for their long-term financial plans,” she said.

This information was sourced from Smart Property Investment Online.

"PERTH Property Prices UP!"

Perth house values jumped by 1.2 per cent in November and are now solidly in positive territory over the past year.
The TD Securities-Rismark measure of home values showed overall dwelling values in Perth lifted by one per cent last month.
House values were up by 1.2 per cent to be 3.1 per cent higher through the quarter.
For the year so far they are up by 0.3 per cent while for the past 12 months they have climbed by 3.4 per cent.
Unit values fell by one per cent last month although through the quarter they are up by 2.4 per cent.
For the year to date, Perth unit values have increased by 2.5 per cent.
Nationally, dwelling values were flat although this was largely due to a one per cent fall in Melbourne.
Values were up by 1.3 per cent in Canberra and by one per cent in Darwin.
RP senior research analyst Cameron Kusher said Perth was the standout among the major capital cities in November although there was space for more improvement.
"Home values in Brisbane and Perth remain below where they were five years ago whereas the other mainland cities have all increased over this period," he said.
"This has meant that relative to the other capital cities, Brisbane and Perth have experienced affordability improvements and subsequently we may see them become more popular from both an owner occupation and investment perspective."
While house prices improved, overall prices fell last month according to TD Securities and the Melbourne Institute.
Their monthly measure of inflation showed prices dropped by 0.1 per cent in November.
Fruit and vegetables, petrol and holiday travel and accommodation all dropped in cost last month. They were offset by small increases in bread and cereal products, newspapers and dairy products.
Over the past 12 months, inflation as measured by TD is up by 2.5 per cent - right in the middle of the Reserve Bank's target band.
The Reserve board meets tomorrow with financial markets fully pricing in a quarter percentage point cut in official interest rates.
But TD's senior analyst Annette Beacher is one who believes the bank will hold fire at its last meeting of the year.
"Better global activity data continues to trickle through, especially from the United States and China, while underlying inflation appears set to remain mid-target, well away from the bottom of the range," she said.
"While it is appropriate to leave an easing bias on the table, we cannot identify a smoking gun for a near-term policy adjustment."
 

PERTH Property Prices UP!

This material was sourced from Acton Real Estate Corporate Newsletter.