Posted on Wednesday, June 1st, 2011 in by Matt Garmony
It is reported the opposition government is blaming the Gillard government’s uncertainty surrounding the planned carbon tax and rising interest rates for the housing affordability crisis as Australian Bureau of Statistics (ABS) reveals new home approvals have fallen 11.5% since April 2010 nationally and 9.6% in Western Australia.
Opposition spokesman Joe Hockey told WA Business News the economic uncertainty “is affecting confidence of the industry and potential buyers”. “This lack of confidence is shown clearly in the slowest growth in housing finance in a generation.”
On a local front, RP data’s monthly housing market report has shown Perth is now the nations worst performing city with the median house price plunging 7.1 percent since April 2010.
At Garmony Property Consultants, Licensed Valuers Perth, we are carrying out an ever increasing number of pre-purchase and pre-sale valuations for clients who want to be fully informed when making major property and investment decisions. Our licensed valuers prepare independent property valuation reports to provide an insight into the current market conditions of Perth and justify the market value adopted by reference to specific recent and comparable sales.