High - end
residential property prices in Perth have weakened considerably since the iron ore construction boom ended and oil prices collapsed, although these two negative events are slowly slipping from the headlines and being replaced by positive changes.
The recent collapse
of residential property prices — at this point still more advanced in the US than in Europe — is a classic asset bubble which is now deflating.
Perth residential property prices fell 2.4 per cent in the September quarter, as the Real Estate Institute of Western Australia tipped eight suburbs to watch next year.
September 2015 figures from the Central Statistics Office show that
residential property prices rose 1.3 % across the country and 8.9 % year - on - year, down from 15 % a year ago.
Tipping
future residential property prices is tricky, but in Western Australia there is a potential technique that is so obvious it's a surprise no - one has used it before — linking property to the state's biggest industry, resources.
Liu, J., Shi, W., 2016 - Impact of Bike Facilities on Residential Property Prices
However, the Quebec Federation of Real Estate Boards (QFREB) says it's not much of a welcome
as residential property prices have tripled since 1992 but the brackets have not.
Residential property prices in Dubai slowed since the start of the year as mortgages were restricted and the government increased a transaction tax to damp the market.
PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Trump's trade war WA impact,
residential property prices, population and labour statistics, World Trade Centre, Pacific Energy, ride sharing and our special report Most Influential.
A Chinese government think tank has identified 35 major cities at «high risk» of
a residential property price correction, including China's major first - and second - tier cities.
In this Business News podcast Mark Beyer and Mark Pownall discuss Trump's trade war WA impact,
residential property prices, population and labour statistics, World Trade Centre, Pacific Energy, ride sharing and our special report Most Influential.
S&P Global Ratings Tuesday said the economic risks facing financial institutions operating in New Zealand have heightened, partly due to continued strong growth in
residential property prices.
Ironically, all this attention is fueling a continued rise in
residential property prices (exacerbating the very housing «crisis» they're wringing their hands over!).
Property experts have stated that there will not be a return to the steep rises in commercial and
residential property prices that occurred in the two years to the end of 2015.
«This movement suggests that most consumers in these markets appear to have learned from the real estate crash and now understand that
residential property prices can get too high,» Beracha says.
Residential property prices have been rising in earnest for the past two to three years in several Indian cities, says Century 21.