Well… not yet based on the fact that home values are still falling, but the underlying fundamentals are starting to look much better compared with other capital cities. Perth home values have recorded the weakest results of any capital city, down 7.1% over the year to April 2011 (which also equates with the peak to [...]
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Fewer long term visitors likely to result in less rental demand for student accommodation
Overseas arrival numbers to Australia have continued to decrease, continuing the downwards trend in the rate of population growth that first became apparent in early 2009. In the first quarter of 2009, total permanent and long term arrival numbers averaged about 71,000 movements/month. The October figures released this week show the monthly arrival figure has [...]
Evidence growing that rents and yield are on the improve
With property value growth flat over the September quarter and the market transitioning from a period of strong growth to relatively flat conditions, we have long expected that rental market activity would start to pick up. Data included within the RP Data-Rismark Home Value Index shows that the anticipated improvements in the rental market are [...]
Renting costs remain flat in capitals
RP Data recently released their quarterly Rental Review which showed capital city rental markets have remained surprisingly flat during 2010. The weakness in the rental market was widely anticipated, with more first home buyers becoming active it was logical that some heat would come out of rents (most first home buyers were previously renters). On [...]
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