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.
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