After an encouraging 2.8% gain in capital city dwelling values in the first three months of 2013, prices slipped backwards by 0.5% through April.
However, March was a particularly strong quarter and First National Real Estate regards the fall as a blip on the graph of recovery, rather than an indicator that the market’s recovery might be faltering.
An overall uplift in consumer sentiment has helped the Australian real estate market continue its 2013 trend of revival.
Equally pleasing is news that the total price reduction required to sell a property is trending down throughout the capitals. RP Data confirms that 6.4% is the average discount vendors were accepting from their asking price across our capital cities in January. This figure is down from 7.2% in the same period last year.
Recent research from RP Data reveals Australian homeowners are staying in their houses for an average of 9.3 years.
First National Real Estate’s Western Australia members were presented with their General Excellence and Marketing (GEM) Awards on Saturday night, in a fun filled evening featuring a Black and White theme, at the Novotel Perth Langley.
Western Australia children were given a unique opportunity last Sunday, thanks to the First National Real Estate network’s members and Perth’s premier basketball team, the Perth Wildcats.
Western Australia’s property market is on the rebound, having reached the bottom of the property cycle, and 2013 is looking to be a good year according to the First National Real Estate 2013 Property Market Outlook. The Outlook is based on a survey of First National’s 400+ member network, drawing on its experience at a grass roots level and providing insight to what member agents expect the market to do.
Australia’s property market is on the rebound, having reached the bottom of the property cycle and 2013 is looking to be a good year according to the First National Real Estate 2013 Property Market Outlook.
Australia’s largest independent real estate network, First National Real Estate, is proud to announce its official naming rights sponsorship of Western Australia’s National Basketball League (NBL) team, Perth Wildcats’.
First National Real Estate is growing at its fastest rate in recent years with the cooperative network adding over 30 new offices in the past 12 months.
The network today reported its historic appeal to independent agents has shifted and much of its growth is now the result of franchise agents switching networks.
