According to CoreLogic Team they are saying that Australian housing values look to have bottomed out, after a second consecutive monthly ris was recorded in April. CoreLogic's national Home Value Index (HVI) increased by 0.5% last month and followingMarch's 0.6% lift.
Sydney is leading the upswing, however the four largest capital cities have all recorded a rise in home values over the past three months.
CoreLogic's research director, Tim Lawless, said it is becoming increasingly clear the housing market has moved through the inflection point.
Not only are we seeing housing values stablilising or rising across most areas of the country, a number of other indicators are confirming the positive shift. Auction clearance rates are holding slightly above the long run average, sentiment has lifted and home sales volumes are trending around the previous five-year average.
Coming from Perth on the ground, we have sold five one bedrooms in May 3 to Sydney investors, one to a local person who is an investor and one to a home owner. Now that's telling you something.
A lot of Perth investors are looking towards the air bnb market as the returns are amazing and run well of course its fantastic.
Homes are still in very short supply here in the Western Suburbs but I have just started to see a slight halt on prices over that $1,500,000 mark anything under that is gone in a few weeks.
We are still doing openn offers as it gives everyone a chance to get a look at the property and have a chance of putting a bid in. People do complain about it but generally I find that its those that want to take it off the market straight away and dont want the competition.
Anyway if you have been thinking about that investment unit please do call us as NOW is the time to get in.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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