Archive for January, 2018

MEDIAN PRICES

Disclaimer: These comments are the writer’s own and do not necessarily reflect the current opinions and policies of the Real Estate Institute of Western Australia.

According to REIWA, Perth’s median house price edged up to $525,000 by year’s end with an expectation it will continue to moderately rise throughout 2018. But does this necessarily mean that property prices are rising in real terms? The … Read the full post »

PRE-PURCHASE BUILDING INSPECTIONS

Almost invariably, buyers of residential property seek to include in their offer to purchase a clause that protects them from unbeknownst building defects.

This is fair enough although a decade ago such contractual conditions were relatively rare. In those days, real estate agents often drafted building inspection clauses that enabled would-be buyers to avoid the contract in the event the building inspector identified … Read the full post »

NEGATIVE GEARING REFORM NEEDED

Limiting negative gearing to newly constructed property and doubling capital gains tax remains a central plank of federal Labor’s policy platform, (who re-confirmed their commitment to the policy last week) their argument being that the current rules lead to inequality and unaffordability.

Any plan to mess with the current negative gearing provisions will impact our economy because it is so deeply entrenched (it’s … Read the full post »

FREO’S TOP FIVE – 2018

Disclaimer: These comments are the writer’s own and do not necessarily reflect the current opinions and policies of the Real Estate Institute of Western Australia or dG.

Agents are often asked to predict future growth potential in the different suburbs and whilst opinions vary, most agree that property located close to the coast, shops, popular schools and transport infrastructure increase in value more rapidly … Read the full post »