Perth House Prices Fall again.
Thursday, March 31st, 2011RP Data Rismark has reported Perth’s median house prices has fallen in the last quarter by 1.9% to $465,000 making Perth the second worst performing capital city behind Brisbane with the nations highest reported mortgagee repossessions, in these cities contributing to the falls. Also continuing to fall are residential building approvals. However, other reports indicate there are labour shortages, associated wage pressures and other cost stress for businesses have reduced the short term confidence of WA Employers. This uncertainty in the economy is being reflected in the sluggish residential property market. The commercial market remains relatively static, however there are early ...
Read moreHow to become a Licensed Valuer in Perth WA
Tuesday, March 1st, 2011Licensed valuers in Perth and Western Australia are experienced property professionals, licensed under the Land Valuers Licensing Act of 1978 and governed by the Land Valuers Licensing Board. Each Licensed Valuer is issued with a Land Valuers License which has to be renewed every 3 years. A person who wishes to practice as a licensed property valuer in Perth and WA must undergo significant theoretical and practical training before being considered to sit for their Land Valuers License. The intending valuer must complete a 3 to 4 year Bachelor of Commerce, university degree at Curtin University of Technology, majoring in Property. ...
Read morePerth home prices down with predicted rate rises this year
Tuesday, March 1st, 2011A property value survey by RP Data Rismark indicated Perth house prices fell 1.5% in January with a 1.6% fall nationally and commented the Natural disasters in the Eastern States of Australia weakend the market which is typically quieter over the summer holidays. The National Australia Bank chief economist, Alan Oster commented the impact from the natural disasters would see Australia’s economic growth contract in the March quarter, which should hold off Reserve Bank interest rate rises (currently at cash rate of 4.75% ) in the short term, however indicated it is likely that borrowers may get two interest rate rises this ...
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