PROPERTY REPORT MARCH 2015
Contents State of the Property Market REIWA Statistics December Quarter 2014 Bespoke Finance Update New Security Legislation for Investors Great Food; Great Cause!
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State of the Property Market by Alan Bourke “Keep your face to the sunshine and you cannot see a shadow” - Helen Keller Why do we talk ourselves into a depression? I read a book a few years ago titled “The Great Depression Ahead”. The book was correctly titled, in that after 45 pages I was depressed, so I put it down and never picked it up again. Here we live in Perth – one of the greatest parts of the world that has performed better than almost every other part of the country and state in recent years. I’m sure many people would love to live here in Perth with our excellent living standards, beautiful climate and friendly welcoming approach. So why are we listening to the negative reports in the media? Let’s choose not to involve ourselves with negative events and news and instead focus on positive news stories about the great achievements we are making as a state. Let’s celebrate the success that Western Australians are known for. Consumer confidence on the rise So far in February we have sold 7 properties above $1M and another 5 above $700,000 - so the astute buyers are back in the market picking up well priced homes. The Westpac Melbourne Institute has released data showing the Consumer Sentiment Index increased by 8% in February to 100.7, up from 93.2 in January. Perhaps this is due to the reduction in interest rates by another 0.25%, along with lower petrol prices and a 9.7% rise in the share price index since January. These results were much stronger than anticipated and represent the first time since February last year that there have been more optimists than pessimists. If you’d like to find out how an optimistic approach to selling can help you, call Bourkes today on 9474 2000.
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