Archive for July, 2018

FIND EVERY BUYER

I received an agent’s flyer in my letterbox on the weekend boasting about an “off market” sale. I’m sure the seller is pleased with the result the agent achieved for them and they didn’t need to endure countless home opens and potentially weeks of uncertainty.

However, they may also have that nagging feeling that they undersold. It’s hard to know if they would have … Read the full post »

Buying in Competition

As market conditions improve, buyers will often find themselves making an offer to purchase in competition with others.

Agents have differing approaches as to how to deal with multiple offers but normally will inform buyers that their offer is one amongst others. When a property is offered for sale by private treaty, details of competing buyers’ offers are not normally revealed so as … Read the full post »

Local Market Update

The latest numbers from Landgate and the Real Estate Institute reveal the number of property transactions throughout Perth were a disappointment after a promising start to the year. Volumes remain remarkably low compared to the fifteen year average. Overall, sales volumes are tracking marginally below that of 2017 (which was the lowest level since 1990); extraordinary considering our population growth and increase in housing stock over the past ten years…. Read the full post »

NEGATIVE GEARING MUST STAY

Limiting negative gearing to newly constructed property and doubling capital gains tax remains a central plank of federal Labor’s policy platform, their argument being that the current rules lead to inequality in the community.

Any plan to significantly alter the current negative gearing provisions is a challenge to our economy because it is so deeply entrenched (it’s been part of our tax system for … Read the full post »