Safety in Balga, WA

Hello friends. Hope you all are doing good Wanted your advice. I am looking for reviews and suggestions on western suburbs that have good Primary and High Schools. Ofcourse good suburbs to live in. I was thinking about Rousehill, Ponds and Kellyville Your reviews and comments are greatly appreciated

The housing market has fallen for the third consecutive month, albeit by far less than experts first predicted, with government support ending likely to trigger a collapse, new research has found. According to results released by CoreLogic Home Value Index property prices fell by 0.6 per cent nationally, which was a slight improvement on June’s 0.7 per cent falls. Melbourne was unsurprisingly the hardest hit capital city, falling by 1.2 per cent as the state continues to battle the COVID-19 pandemic. Sydney also dragged property prices down, with Australia’s largest city falling by 0.9 per cent. However, investors outside of Australia’s two largest cities have performed better than investors in Sydney and Melbourne. “The impact from COVID-19 on housing values has been orderly [to date], with CoreLogic’s national index falling only 1.6 per cent since the recent high in April and housing turnover has recovered quickly after [its] sharp fall in late March and April,” Mr Lawless said. The researcher points out that demand for property remains despite the economy at large going through its first recession in 29 years. Continue reading at: x Housing market stutters but greater fall still to ... The housing market has fallen for the third consecutive month, albeit by far less than experts first predicted, with government support ending likely to trigger a collapse, new research has found. www.smartpropertyinvestment.com.au

According to McGrath Estate Agents, the Thirroul property market is one to watch, with more Sydneysiders looking to move to the hotspot as a result of relaxed working conditions off the back of COVID-19. Thirroul is located south of Sydney, approximately 13 kilometres north of Wollongong.  “Since the onset of COVID-19, we have experienced a large number of enquiries from Sydney not only for relocation opportunities but also for investment options, this includes weekenders and beach holiday homes.” John McGrath, founder and executive director of McGrath, said: “Thirroul itself offers low-density beachside living that is increasingly appealing to both Sydneysiders wanting an escape as well as those who are attracted to his wonderful lifestyle, amenity and its proximity to Sydney and the regional cities of Wollongong and Canberra.” Get details at:x The new hotspot for sea-change investors A NSW hotspot is seeing greater investor demand, attracting more Sydneysiders to its laid-back coastal lifestyle. www.smartpropertyinvestment.com.au

CoreLogic’s latest data has found there were 1,162 homes taken to auction for the week, returning a preliminarily success rate of 65.3 per cent. This is a jump from the week prior, where preliminary results came in at 59.2 per cent, later revised down to 54.1 per cent.  Looking at Sydney, CoreLogic found 578 homes were taken to auction across the [Harbour City], returning a preliminary auction clearance rate of 68.2 per cent. This marked an improvement on last week’s final clearance rate of 60.6 per cent across a “slightly higher” 594 auctions. “Over the same week last year, Sydney volumes were a lower 386 with a success rate of 72 per cent,” CoreLogic said, adding that across the smaller cities, Adelaide and Canberra “came in with equal highest clearance rate over the week with 80 per cent of homes selling at auction”. Get details at: x Clearance rates improve across lower auction volum... Preliminary figures show improved clearance rates across the combined capital cities for the week ending 2 August. www.smartpropertyinvestment.com.au

Before the RBA’s announcement, AMP chief economist Shane Oliver noted that the central bank is unlikely to change the official cash rate. Dr Oliver said: “Having provided massive monetary stimulus back in March, the RBA is still in ‘watch and wait’ mode, with the focus on fiscal policy. “It could still ease monetary policy a bit further later this year, but the (Reserve Bank) does not see any value in going negative on rates, cutting to say 0.1 per cent is hardly worth the effort (although it’s possible), which leaves more QE as the main tool for any further easing,” Dr Oliver said. By maintaining interest rates today, this is sympathetic to the balancing act our economy faces. However, there is concern that by extending the likes of the government’s business stimulus packages, we are simply kicking the can down the road,” Mr Coghlan said. “Once the likes of JobKeeper, JobSeeker, mortgage holidays and safe harbour do eventually come to an end, there will be a seismic shock to the economy as companies will have to either fend for themselves or admit defeat.” Source: x RBA reveals August cash rate The Reserve Bank of Australia has announced the official cash rate for August, with Melbourne’s stage 4 restrictions weighing heavily on the national economy. www.smartpropertyinvestment.com.au

Hey What are the new developments in Ponds Suburb, I am planning for a 3 BR unit? Thanks