Home Buyer Confidence is Strengthening in Perth
House builders Mandurah report on the latest news in the property market.
The state of the world’s global economy has had a big effect on the confidence of home buyers all around the world, but house builders Mandurah report that confidence in building a new home has risen for the first time since 2009, which suggests a change might be coming.
Recent research found that, despite saying that big bills were a strain, 40 per cent of people believe now is a good time to buy property, compared to 25 per cent over the same period last year.
With a surge in land sales and plans for a new $4.1 billion public transport system, House builders Mandurah predicts west Perth to be a key area for growth as confidence increases. Western Australia is aslo leading the property market in Australia, thanks in a large part to Western Australia’s strong mining sector.
The figures that indicate this growing buyer confidence were released by Genworth as part of its Homebuyer Confidence Index, which polls mortgage stresses as well as opinions about buying. It found that there had been a recent drop in the number of people struggling to make mortgage repayments and many problems were being offset by wage growth, low inflation and interest rate cuts.
House builders Mandurah
Buyers searching for the chance to establish their own dream home in Perth may find that building a home designed to their specifications is the ideal choice. To find out more about modern, customisable new builds, get in touch with house builders Mandurah at Switch Homes for Living by calling (08) 6555 3749 today.
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