Archive for the ‘Investment’ Category

If the Size is Right

Cast your mind back thirty years to 1990 when WA’s
population was at 1.613 million people. Nowadays, we’re at 2.72 million, a not
insignificant 68.6 per cent increase.

With such growth, one would reasonably expect the creation
of new suburbs (think Alkimos, Bertram, Piara Waters, Haynes, Secret Harbour to
name a few) and plenty more homes built not … Read the full post »

2020 Off to Good Start

The bottom of the market has now passed. After more than
five years of slackening values and extraordinarily low transactional activity,
all indicators demonstrate property
values are poised to rise from here.

Here’s the top reasons why prices should rise in 2020 in no
particular order:

Firstly, rents are rising in Perth. REIWA’s latest reported
vacancy rate … Read the full post »

Best Job Around

In recent years, commentary around local property markets
has bravely struck an optimistic tone despite the reality of the worst market
in a generation. This, in part, goes to our cultural vernacular, our collective
glass-half-full approach to most things.

In looking at the November results for Perth, Core Logic
revealed a moderate 0.4 per cent rise in home … Read the full post »

Power of Presentation

Thanks to reality
television shows, social media and digital marketing, consumers of real estate
are drawn towards beautiful, expressive, perfectly presented properties where
buyer objections are hard to justify. These aspirational homes encourage
sellers to emulate perfection with many spending significant sums to create the
perfect look prior to coming to market. 

The reality is that
most of us don’t … Read the full post »

Buying in Competition

levels are down about 12 per cent on this time last year and as demand increases,
home buyers will often find themselves making an offer to purchase in
competition with others.

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 … Read the full post »

Perth Market Under-Valued

A recent trip to Hobart on REIWA business confirmed to me
that the WA property market is grossly under-valued when compared to the
eastern states. The hit ABC television series, Rosehaven, starring Logie Award
winner, Luke McGregor sartorially portrays life in regional Tasmania from the
perspective of a parochial real estate agency in a small town. The fictional agency
is loosely based on Luke’s … Read the full post »

Get Your Price Right

A significant proportion of property sellers discount their
property in order to sell. This is because most property owners have an
expectation that their property is worth more than the market sentiment and
agents have a fiduciary responsibility to maximise the selling price.

The current market conditions make it imperative to ensure
buyers activity engage with a newly listed property … Read the full post »

Foreign Buyer Tax Must Go

On the lazy pretext of “everyone else is doing it”, the
McGowan government introduced a new tax on foreign buyers of property as a way
of raising additional revenue. About $123 million is expected to be raised over
the forward estimates by charging foreigners an extra 7 per cent transfer duty
on top of the original stamp duty normally payable. This extra revenue was
designed to off-set any raises in TAFE fees which, … Read the full post »

Choose your Agent on their Merit

When the time comes to
sell or lease your property, would-be vendors and landlords increasingly 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 remain effective methods.

In the on-line space,
REIWA offers … Read the full post »

Getting Back Your Bond

When taking on a residential tenancy, the owner normally requires the tenant to pay a security bond equivalent to four weeks’ rent. The law forbids owners from requiring an amount higher than this figure but it is not mandatory that one be paid.

The bond must be paid to the government run Bond Administrator as soon … Read the full post »

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