confidence in WA's real estate market increases during 2013
The residential sector in Western Australia is extremely strong at the moment, according to the latest Property Council - ANZ Property Industry Confidence Survey, which indicated that the state's real estate market has huge confidence based in it.
The March quarter's confidence index is currently resting at 135. An index of 100 indicates industry neutrality, indicating the Western Australian market is currently performing extremely well.
This could be an encouraging piece of news for anyone interested in new home building in the near future, with Property Council Western Australia Executive Director Joe Lenzo stating the industry is reflecting wider changes in the economy.
"We are experiencing a population boom and this is translating into extra housing demand," said Mr Lenzo in a January 16 statement.
This demand is seen in two particular statistics - the expectations of house price growth in the coming months, and the amount of home construction expected to be undertaken in the coming months.
In fact, the expectation of new home building in Western Australia was the highest out of all the states across the nation. Furthermore, the projected increases in house prices were only beaten by New South Wales and Queensland.
Furthermore, the expectation of economic growth in the state is another byproduct of the overall strength of the real estate market. This could be an appealing landscape for home builders looking for a ripe state to commence their double storey house plans in.
With a wide range of different home styles and products, the team at apg homes could help you to find the perfect plan for you and your family. Get in contact with them today or visit the website to begin your journey towards creating your dream home in Western Australia.