Are interest rates and property prices rising in perth??

[arlene]

Hi Everyone
Are the interest rates expected to rise much over the next year?? Also does anyone know if property prices will continue to rise in Perth or are they settling out??
Thanks
Arlene

[BullcreekBob]

Originally Posted by arlene

Hi Everyone
Are the interest rates expected to rise much over the next year?? Also does anyone know if property prices will continue to rise in Perth or are they settling out??
Thanks
Arlene

Yes
No

HTH
Bob

[cofl]

Apparently close to the top of the current interest rate cycle according to the economists.
Median house price for Perth has dropped slightly according to the latest figures released very recently.

[billy braveheart]

interest rates went up again today,
by a further 1/4 of a %

[adey]

I work in the finance sector (home loans) in WA and we've seen house prices either level out or fall slightly from last year and they reckon that the boom in housing has finally levelled out in WA. Interest rates they reckon will continue to rise for a while to slow down the economy, suggestions are maybe another two times by the end of March so that in theory means another 0.5%. But remember you will be paying less for a house than you would have this time last year - its a buyers market out there at the moment depending what area you are moving to.

[immy21]

Anyone know how the Gold Coast property market is going It would be nice to see it slowing as the market in London is ****e and the AUD is getting stronger against the pound

[Laura G]

It depends what you want.

Style, double storey, low storey - i have seen older low storey properties, basic inside on the Gold Coast suburbs for as little as $330,000.00, then there are nicer low storey home, rendered all the bells and whistles (Swimming pool) for $540,000.00 +

I bought land and built, my house is now worth over 100,000.00 dollars more than what it cost to build, obviously this can change dependent on the market.

Land on the Gold Coast costs from $210,000.00 depending on the development, size and area.

Laura