Perth Residential Property Survey 2018

9 Feb. 2018 -- Posted by : admin

From NAB Chief Economist Alan Oster Feb 2nd 2018.

"The WA housing trends have reported its strongest read since early – 2014 and showed big gains however it’s still just in the negative.

Perth is expected to stabilize, marking the beginning of a gradual turnaround for the market. 

New Home Building Brokers has certainly noticed consumer confidence pick up since the end of the first quarter.  The market share of builders continues to show the consumers are now looking for options, better service from builders, flexibility and control of the building process. Copyright control in the Perth luxury and custom built homes market, is a hot item and we expect to see the public creating custom home designs away from builders and tendering the plans for better building prices.

The forecast for Perth from the NAB for house prices 0.7% 2018 and 1.2% for 2019.   The unit price forecast is 0.4% & 0.7% for the same time.

The Residential property index will continue to show big gains from the -31 in the 3rd Quarter of 2017 to +29 in 12 months, and + 48 the following year. This will have WA in front Vic and NSW."

 

While this is good news for those wanting to invest in property, building your dream home is not just an investment. NHBB can help you get the best value for money and avoid some of the pitfalls to ensure your dream does not become a nightmare. No matter what stage of planning your new home you are at, contact us to see how we can help.

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