Archive for the ‘Hayden Groves’ Category

Getting Back Your Bond

When taking on a residential tenancy, it is common for the owner to require the tenant to pay a security bond an amount normally equivalent to four weeks’ rent. 

The bond must be paid to the government Bond Administrator, a specific government managed trust account. There are severe penalties for those that fail to comply with this provision. Obviously, the purpose of the bond is … Read the full post »

Blame Me

By Hayden Groves

Several years ago, local real estate agent (now retired) Peter Sim, boldly ran full page advertisements in the local press headed, “Blame Me.” Why Peter was standing in his suit up to his ankles in the Swan River, I couldn’t tell but the message was on point; an agent acting for a client (the Principal) must take responsibility even when things go … Read the full post »

McGowan Makes Mistake

Late last week, the McGowan government extended the Emergency Response provisions of the Residential Tenancies Act for a further six months.

Unfortunately, this decision has nothing to do with protecting tenants impacted by COVID-19 as proven by the fact less than two per cent of residential tenancies are affected.

To date, the conciliation service provided through the Department of Consumer Protection, set … Read the full post »

Perfect Time to Buy or Rent

The Real Estate Institute of Australia released their quarterly Housing Affordability Report last week revealing that WA remains the most affordable state in the nation to buy property. The proportion of family income required to meet mortgage repayments in WA fell last quarter to 24 per cent, down by 0.7 per cent from last year.

By comparison, New South Welshers commit an eye-watering 42.3 per … Read the full post »

COVID-19 Tenants – What Emergency?

The Residential Tenancies (COVID-19 Response) Bill 2020 (let’s call it the COVID-19 Act) has been with us since the pandemic threat initially emerged in April. It was rolled out rapidly in response to the anticipated health and economic damage the pandemic would cause to renters of residential properties in WA.Like most rushed legislation, the laws ended up being far from perfect and threw a blanket over all tenancies … 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 a buyer … Read the full post »

FWC at it Again

Last week, the Fair Work Commission (FWC) handed down a ruling banning the employment of sales representatives on a commission-only basis until November. Related to COVID-19 interruption to normal market conditions, the FWC figured employees who’d met the minimum requirement to move to commission-only shouldn’t be given that choice.

This is off the back of major changes affecting employment in the real estate industry. From … Read the full post »

Homeless not Hopeless

This week is dedicated to those 9000 or so Western Australians who didn’t have a place to call home last night.

You see evidence of homelessness everywhere every day. Many of us turn away from it, not wanting to see it, fearful of the dishevelled, the drug addicted, the anti-social behaviours, the messiness of it.

Such is the confronting nature of homelessness … Read the full post »

Beware the Parasite

When the time comes to sell or lease your property, would-be vendors and landlords often look to the internet to help shortlist agents that might meet their needs.

Well established methods of choosing your agent such as re-employing an agent previously used, adverts in the Herald, recommendations from friends and relatives or visiting Home Opens to meet agents are other effective methods of finding your … Read the full post »

Using a Property Manager, More important than ever

Property Management is more about managing the tenancy than it is about managing the property. This is apparent now, more than ever, with the legislation introduced to address residential tenancies affected by the COVID-19 pandemic, and makes sense, given the tenant is the one living in and caring for the property, whereas the property manager usually visits it a handful of times per year.

This … Read the full post »

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