Residex stats surprising as broker bucks trend

by Mackenzie McCarty27 Feb 2013

Five states experienced housing market growth in January, including NSW, Queensland, Victoria, South Australia and Tasmania, according to market research group Residex.

The Northern Territory and Western Australia – outside of Perth, on the other hand, were the worst regional performers for the month, with both regions recording negative growth in the house, land and unit markets.

But long-time Bunbury, broker, Theo Krinos, says his office’s experience has been quite the opposite. While he notes that Bunbury is one of the larger cities in Western Australia and therefore possibly more similar to Perth than other, less populated areas, he says January was actually a bumper month.

“We’ve had two tremendous months in December and January. The only difference is that the loan sizes are better than they were six to eight months ago - we’re seeing a lot more confidence in the first home buyer market and a few more investors.”

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