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Perth Population Growth Fastest in Australia

Tuesday March 31st, 2015

December 2014

Population growth for Perth and Western Australia is the fastest of any region in Australia, new data from the ABS said.

Western Australia recorded 2.2% population growth in 2013/2014, the data said.

Perth saw most of the population increase in the 12-month period. The population grew by 56,000 people and Western Australia is now home to 2.68 million people as of June 2014.

By 2028 greater Perth will be home to 3 million people, making the WA capital Australia’s third most populous city.

The Committee for Perth said in December 2013 that projections indicated 3.9 million people will call Perth home by 2050 – and possibly as many as 5.4 million.

Australia’s overall population growth has been extremely strong in the last several years, with skilled immigrants flocking to our shores.

The data also suggests the impending medium to long-term housing shortage for Perth was well on track, with Perth about 100,000 new homes short of demand by the end of this decade.

“Compared with many other developed economies, Australia has been a star performer over the last few years. With shortages of skilled labour evident in many industries and a relatively strong looking economy, Australia has proved to be a very attractive destination for overseas migrants and was equally attractive for Australians who would have otherwise considered opportunities overseas.” HIA Economist Geordan Murray said.

The trend from the ABS:

Since 1972, Perth’s population has increased by a staggering 152% .

Source: WA Property News

Perth in top ten world's most liveable cities...again!

Monday March 30th, 2015

Perth has once again been ranked as one of the world's most liveable cities in the world!

Since 2004, Perth has retained it's prized ranking position in the world's top 10 most liveable cities and this year proves no different with Perth taking #9 in the ranking by the Economist Intelligence Unit’s Global Liveability Index.

The Economist Intelligence Unit's Global Liveability Index report measures the 'liveability index' across 139 cities across a range of criteria, including health care, culture and environment, education and infrastructure.

Check out the top 10 list below.

THE WORLD’S TOP 10 MOST LIVEABLE CITIES:

1. Melbourne, Australia
2. Vienna, Austria
3. Vancouver, Canada
4. Toronto, Canada
5. Adelaide, Australia
6. Calgary, Canada
7. Sydney, Australia
8. Helsinki, Finland
9. Perth, Australia
10. Auckland, New Zealand

As part of Perth's continued ranking as one of the world's top 10 most liveable cities, they value a balance of work and leisure in our lives and make the most of Australia’s open spaces with our city design and housing. The city centre is the home of business, as well as dozens of new bars, clubs and restaurants.

Surrounding entertainment districts provide relaxed environments for music theatre, festivals and cinema and are minutes away from the peace and security of residential areas. The Swan River, historic Fremantle port and King’s Park Botanic Gardens are the hub of outdoor recreation in the city, and their beaches are wide, pristine and welcoming.

Perth’s recent growth has also brought experts from all over the globe to this city. Their teachers and industry professionals are among the world’s best, and they have Australia’s busiest and most diverse jobs market.

Source: The Economist Intelligence Unit

More Chinese expected to buy NZ property

Tuesday December 9th, 2014

The average Chinese foreign buyer will splash out $1.4 million for a property in NZ, around double that of a first-time buyer or domestic buyer.

New Zealand is only experiencing the "beginning" of the Chinese interest in Kiwi property, with buyer demand expected to increase in the coming years, a property expert says.

Simon Henry, chief executive of international property website Juwai, said New Zealand is seventh in the top 10 list of countries where wealthy Chinese buy houses abroad. Australia is second on the list.

Speaking to The Nation from Hong Kong, Mr Henry said it was "very much" the start of Chinese interest in the Kiwi housing market.

"We think we're at the very beginning of the Chinese outbound property cycle," he said. "We saw a rather large growth over the last three years. Three years ago it was probably $10 billion globally, last year it was approximately $52 billion globally. We're seeing a net increase of approximately 15-20 per cent per year expected for 2015-16."

Newly cashed-up Chinese buyers - rich from the mining, manufacturing and booming tech industries - had "really just started to look at the world as an emerging opportunity", he said.

The average Chinese foreign buyer will splash out $1.4 million for a property in New Zealand, Mr Henry said, around double that of a first-time buyer or domestic buyer.

Juwai has 8500 New Zealand listings, and Mr Henry said Chinese buyers were attracted to New Zealand's proximity to their home country.

"It's a similar time zone, it's only eight or nine hours to travel from China down to Australia or New Zealand, and it's also, if you're sending your kids overseas to study, only a two or three hour time difference in terms of telephone calls and contact," he said.

"New Zealand's also got a fantastic reputation in terms of produce, education, lifestyle and tourism, and so New Zealand has a very good brand reputation."

Source: NZ Herald

Melbourne named world’s most liveable city 4 years in a row

Tuesday November 4th, 2014

Now you could say I’m biased (and I am) but it’s been named the world’s most liveable city for the fourth year in a row by the Economist Intelligence Unit’s liveability survey of 140 cities.smile 2

Melbourne received an overall score of 97.5 out of 100, scoring a perfect rating for healthcare, education and infrastructure.

The survey rated cities out of 100 in the areas of healthcare, education, stability, culture and environment and infrastructure.

Adelaide, Sydney and Perth also made it to the top 10 of the list, with ratings of 96.6, 96.1 and 95.9 respectively.

It's also great to see Auckland in the top ten.


MOST LIVEABLE CITIES:

- Melbourne, Australia 97.5
- Vienna, Austria 97.4
- Vancouver, Canada 97.3
- Toronto, Canada 97.2
- Adelaide, Australia 96.6
- Calgary, Canada 96.6
- Sydney, Australia 96.1
- Helsinki, Finland 96.0
- Perth, Australia 95.9
- Auckland, New Zealand 95.7

Property gurus predict Coast prestige market to surpass last boom

Friday October 31st, 2014

LUXURY apartment sales have surged on the Gold Coast with property spruikers predicting the city’s prestige recovery will surpass the last boom.

The Urbis Gold Coast Apartment Insights Report shows an 84 per cent increase in sales across five buildings for the June quarter compared to the previous period.

Forty-eight apartments at The Esplanade, Sanbano Coolangatta, Joy on Jefferson, Soul and Oracle Tower One sold for an average of $1.66 million over the three months.

Eight apartments sold at Sanbano Coolangatta for an average of $1.493 million and there were 12 more sales at Soul in Surfers Paradise compared to the previous quarter, at an average of $1.352 million.

Urbis senior consultant Lynda Campbell said the figures indicated the city’s battered prestige unit market was finally on the mend.

“Sales are gaining strength and there are more projects at this level getting approved so I think we will start to see more of these premium products on the market,” she said.

“The industry is driven by owner-occupiers and we’re seeing a lot of people looking at the Gold Coast as a highly desirable location.”

Ray White Surfers Paradise boss Andrew Bell said the tourism-based market was luring buyers.

“International buyers come to holiday with their families and fall in love with the city,” Mr Bell said.

“The city has bounced back and it is great to see a large number of big projects gain development approval.”

Source: Gold Coast Bulletin

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