News

The annual Master Builders Housing Excellence Awards was held last weekend, and there were some very impressive homes on display. Absolute Balustrades would like to congratulate Brian Burke Homes on winning the Top WA Home Award for the fourth year in a row. 

Some more positive news for the Perth residential market. The MBA just released their Residential Outlook for 2015 and they have forcasted an increase in WA residential building value for 2015 of 2 per cent (see image below). “The 7.5 per cent seasonally adjusted increase in total building approvals for November 2014 reflects confidence in the market with the strength of the result slightly above industry expectations reflecting positive momentum,” stated Peter Jones, Chief Economist for Master Builders Australia.
 

The recent deceleration in Perth's rate of population growth has led to falling rental rates and increased vacancies, particularly in apartments.

However, one area of the property market continues to rise. According to the HIA New Home Sales Report, new home sales grew 2.2 per cent in November. New home sales consisted of detached houses and multi-unit developments. The sale of multi-units experienced substantial growth, reaching their highest sales level since September 2003.

Our office and factory will close for Christmas Holidays at 1pm on Tuesday 23rd December and will re-open on Monday 12th January at 8am. There will be skeletal staff in the office from Monday January 5th 2015 and showroom visits are available that week by appointment only.

Absolute Balustrades would like to take this opportunity to wish you and your family a very Merry Christmas and a Prosperous New Year.