news

2013 off to a strong start, APM says

By Staff Reporter

The 2013 property market has kicked off with increased buyer activity and seller confidence, according to the most recent housing market report by Australian Property Monitors.

The Australian capital cities and Gold Coast residential property market report for February 2013 shows that leading indicators such as auction clearance rates are evidence of a strengthening market.

House prices have increased nationally by 2.7 per cent over the past year, with the highest increase in Sydney at four per cent and the lowest in Canberra at -0.5 per cent.

According to the report, first home buyers and investors were significant contributors to the housing market revival in 2012, with first home buyer activity largely generated by changes to various state government incentive schemes.

This increase in first home buyer activity is set to continue, driven by low interest rates, a solid economy, and rising house prices and rents.

The report also lists the sharemarket as a leading indicator of housing market activity, particularly in relation to prestige properties.

“With the all ordinaries now holding above 5,000 for the first time in three years, a rising bull market will activate prestige markets that are finally showing early signs of emerging from a sustained period in the doldrums”, the report states.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
2013 off to a strong start, APM says
SPI logo