Latest News

Property Investors Crucial

CHOICE, National Shelter and The National Association of Tenant Organisations got their heads together recently and released a report that considered the consumers’ experience of renting property in Australia. One of the report’s key claims was that more than half of all tenanted properties needed repairs to them and that … Read more »

Local Market Update – November

Sales volumes remain remarkably low across Western Australia with 6753 dwelling sales in the September quarter; about half the number compared to a decade ago. It is likely that 2018 will reveal a year similar to that of 2017 which recorded the lowest level of sales transactions since 1990. Three … Read more »

Equality Needed for First Home Buyers

When the GFC hit, the then Rudd government raised the First Home Owner’s Grant (FHOG) to $14,000 for established homes and a whopping $21,000 for new builds. Whilst unsustainable long-term, the resulting economic stimulus to the building and construction sector helped carry the nation through the GFC better than any … Read more »

Prices to Fall with Negative Gearing Gone

With a federal election due next year, swinging voters with investment properties will more easily be able to decide which party to back.

Labor’s plan to limit negative gearing provisions to new dwellings only is premised on the idea that such a move will … Read more »

Duty of Disclosure

In a radio interview recently, I was asked about agent’s informing would-be buyers about a neighbours’ anti-social behaviour and if this information should be disclosed.

It was a tricky question because agents are normally acting for the seller and therefore have a legal obligation … Read more »

Why Auction?

Market conditions remain challenging 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 campaigns … 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. 

There are legitimate worries that our youngsters are struggling to … Read more »

Computer Valuations a Problem

At REIWA’s Fremantle Branch meeting this week, prominent local agents raised concerns over the growing number of computer generated property valuations being promoted on line and in mainstream media.

The big banks have joined in recently with ANZ promoting its on-line valuation tool suggesting … Read more »

HOW TO BUY REAL ESTATE

With buyers coming back into the market, many are tempted to eagerly point out the property’s apparent – and often obvious – faults. When purchasing a property, buyers often “talk down” its benefits and highlight its shortcomings in an apparent precursor to justify a lower-than-reasonable offer to purchase.

Buyer ought to … Read more »

The Agents’ Fees

Cheap and (not so) cheerful “no commission” agency model, Purple Bricks was in the news again this week advising that their standard fee will be now be close to $9,000, up from their original offering of $4400. The fee gap between using a … Read more »