Things are turning around in Perth, and that makes it a great time to build a new house, according to experts at — Vision One Homes. Perth's property market is still in slight decline, but many analysts expect the climb back up to begin by the latter half of the year.
With building costs also likely heading higher, Perth locals who plan ahead and begin building soon can minimise their outlays and take advantage of improving market conditions. As a leading 2 storey narrow lot home builder, Vision One Homes is well equipped to help investors and future home occupants get started now.
"Perth Property market conditions are likely to remain tough in the short-term, however with a backdrop of positive state economic outlook, we expect gradual improvement over the medium term," said Vision One Homes representative Damian Will. "The cost to build a new home will increase in 2019, so the opportunity exists for forward planners to get in early and grab themselves a great deal right now. With a positive economic outlook and increasing demand sure to inflate costs, getting started now is a great idea. Resources available at our website that answer common questions like 'How Much Does It Cost to Build a New Home in Perth?' include information that will be of interest to many."
The median home price in Perth hit a record high of $552,000 in 2013, according to data published by CoreLogic. Since then, home prices have been declining steadily but surely, with the median figure dropping below the $500,000 mark toward the end of last year.
As a result, hopeful home builders all across Perth have been understandably reluctant to jump in. A survey of 12 real estate experts published in the Eastern Reporter recently, however, suggests that things are finally turning around. Citing a strong economic forecast for Perth and other factors, many of those surveyed suggested that now could be an especially opportune time to build a home in Perth or one of its suburbs.
As one of Perth's leading home building companies, Vision One Homes has plenty of hands-on experience with the local market. While the company's experts expect difficulties to persist through the short term, they agree that improving conditions are probably not far off.
About Vision One Homes:
As part of the award-winning Novus Homes Group, Vision One Homes is dedicated to building functional, stylish, top quality houses and providing industry-leading service with every project.
Release ID: 494974