Latest News

GET YOUR PRICE RIGHT OR PAY THE PRICE

More often than not, vendors believe their property is worth more than a market consensus of a fair price. Opinion of market value for property is largely a subjective exercise; various agents will often have differing views of market price, friends and relatives have their own opinions as does the … Read more »

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…. Read more »

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 … Read more »

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 … Read more »

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 … Read more »

EXTRA RATES FOR LANDLORDS BONKERS

The City of Fremantle made the news recently with their proposal to charge recalcitrant commercial property owners additional rates for failing to secure tenants for their premises. The policy is designed to punish owners of commercial properties within the city centre for failing to attract a (usually retail) tenancy for … Read more »

WINTER IS HERE

During the winter months, when market conditions can be flat, vendors often choose to hold off on their selling plans until spring when days get longer, the sun shines and gardens burst into flower.

In “balanced” market conditions, this is probably a reasonable strategy; … Read more »

TO AUCTION OR NOT?

Market conditions continue to challenge and whilst recent improvements are encouraging, the average time on market for a home in and around Fremantle remains above the long-term average. Those who need to sell and sell quickly, often opt for an auction given reported statistics for days on market for such … Read more »

YAWN FEST BUDGET

Being locked in the windowless basement of Dumas House last week for Treasurer Wyatt’s state budget has some benefits. The coffee’s not bad, lunch is free and you have to hand in your mobile upon entry so it’s four blissful hours of relative quiet…. Read more »

BUSH FIRE PRONE AREAS IN FREO

In recent years, state governments have recognised the need for local communities to be better prepared for bush fire events. The recent, life-taking devastation of wild fires in places like Yarloop, Kinglake and Esperance have prompted a variety of measures designed to save both property and lives. One of these … Read more »