[Video] The latest property news with Kevin Turner | 7th May

In this week’s two minute property investment news video: 77 % increase in median rentals in WA, fall in overall business confidence across Australia and more.

Roy Morgan Research’s Business Confidence survey for March 2014 shows the real estate and finance industries are outstanding sectors when it comes to gains in business confidence.

There was a fall in overall business confidence across Australia in February this year, but it recovered in March to levels exceeding those before the federal election in August 2013.

Nigel Smith, a director at Roy Morgan Research, says the resilience of the nation’s business confidence largely reflects the strength of the finance and real estate industries.[sam id=43 codes=’true’]

Also this week the Australian Bureau of Statistics is reporting a 77 percent increase in median rentals in WA between 2006 and 2011, which makes the state, our country’s rental-growth winner.

Local government areas in WA recorded some of the biggest growth in median rent payments in Australia, with eight out of the 10 fastest growing regions located in the state.

And finally the Real Estate Institute of Victoria says regional areas are experiencing an appetite for smaller accommodation.

Units and apartments recorded significant price gains of 8.2 per cent in regional localities during the three months to 31 March this year, the highest quarterly price rise for smaller regional housing in almost a decade.


Want more of this type of information?

Avatar for Property Update


Australia's leading independent property commentator, brings together leading authorities on the property market. Each week at Real Estate Talk we take a fresh look at the property market so you get all the facts to help you make the right choice.

'[Video] The latest property news with Kevin Turner | 7th May' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...