Latest News

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 … Read more »

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. … Read more »

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 … Read more »

Buying in Competition

Listings
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.

Agents
have differing approaches as to how … Read more »

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 … Read more »

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 … Read more »

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 … Read more »

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 … Read more »

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…. Read more »

Pre-Purchase Building Inspections

Almost invariably,
buyers of an established residential property seek to include in their offer a
clause that protects them from unbeknownst building defects.

This is fair enough
although buyers need to be aware that the pre-purchase structural inspection
condition used by REIWA members is limited to that which is … Read more »