Mortgage brokers in the Kwinana area often feel blessed to be here. While the overall Perth housing market has flattened, housing prices in Kwinana, Baldivis and Rockingham continue to rise at a healthy rate. Now, it appears we have company. According to the latest CoreLogic RP Data report on the housing market, prices are once again on the rise across Australia.

By the Numbers

According to the survey, housing prices across Australia went up 1.6% during the month of May. Total growth for the year is now 5.0%. Houses went up 1.8% while units only rose 0.1%. Sydney led the way with a 3.1% rise. Perth was the worst and the only market that dropped, losing 2.7%.

According to Cameron Kusher, analyst for CoreLogic RP Data, interest rate cuts are driving the rise in prices. He feels that people are investing more in housing because it is still providing greater capital returns than other asset classes. Mr Kusher doesn’t expect the “bounce” to continue through winter but that it could pick up again during the spring.

What it Means to You

The entire Kwinana area, including Rockingham and Baldivis, is producing great capital growth even as the overall Perth market languishes. The entire area is family-friendly, with a relaxed lifestyle and friendly people. We are far enough away from Perth to be relaxed but close enough for easy commuting via train or the expressway.

We see the entire area as a great opportunity available right now for owner-occupiers and investors alike to buy single family homes and expect solid short-term and long-term capital growth. We think there is no combination of affordable housing, enjoyable lifestyle and capital growth anywhere in the Perth market.

Call a Mortgage Broker at Smartline Rockingham Today

But there is a catch. Prices are rising and interest rates won’t stay low forever. Every month you hesitate could cost you thousands of dollars over a 30-year home loan.

Call Smartline Rockingham today: 1300 958 730.