"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.