HOSING VALES ACCELERATE IN FEBRUARY 2024

 The housing values posted a broad-based rise in February with CoreLogic's national home value index (HVI) up by 0.6% in February.

Why are we surprised by that honest!!  We have the lowest amount of property available for people to buy and people are coming to Perth in their droves. Perth increased by 1.8% the highest of Australia's cities - yay about damn time I say.

Perth has been the underdog for approximately 7 years now and I get sick and tired of people saying that they are going to wait until the prices go down (GOOD LUCK WITH THAT STRATEGY) - no if you have seen a house/villa/apartment that is in your price range GO FOR IT!! 

The housing values have been more than resilient in the face of the high interest rates (really 6% is high try 18%) but the cost-of-living pressures I definitely agree with. What is with Coles & Woolworth gouging the prices for food meanwhile they are squeezing their suppliers - what the hell they should be pulled over the coals for that.

Perth continues to stand out with a substantially higher rate of growth compared to any other region, up 1.8% over the month.  Adelaide (+1.1%), Brisbane (+0.9%) and the regional areas of SA (+1.1%), WA and Queensland (both +1.0%) also show a consistently high rate of capital growth month-to-month. "These regions are generally benefiting from a combination of comparatively lower housing prices and positive demographic factors that continue to support housing demand,

For once in our lives, we are forging ahead in front of Melbourne/Sydney who by the way are coming back with some vengeance which they always do.

Dont read the papers and believe that our apartments will catch up to the house prices, they so will not do that (maybe the new ones 3 x 2 with 2 car bays might) but if the apartments are selling for $1,300,000 the houses will be $1,800,000.

If you have any questions or anything feel free to make that call to us we are only too happy to help you.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO