Posts Tagged ‘property’

COVID-19 and the Property Market

What a difference a week makes. In last week’s column I
said, “should we really be putting our lives on hold in such dramatic fashion.”
Well, it seems we ought to be and we have – more or less.

The Prime Minister has banned public auctions and home opens
in order to minimise group gatherings. Real Estate agents … Read the full post »

Playing the Renting Game

By Hayden Groves –

Last week’s front page of the Herald featured Steve Grant’s, “The roll of the dice”, a story about an emerging entrepreneur who’s invented a card game premised upon her experiences as a renter. According to Steve, the game is designed to highlight “WA’s unfair tenancy laws” a sentiment supported by Fremantle councillor Rachel Pemberton.

Cr Pemberton is co-ordinator of a … Read the full post »

Going it Alone

By Hayden Groves  

When deciding to sell, some property owners choose to undertake the task of promoting and selling privately without the assistance of a licensed real estate agent.

Often, the motivation behind such a decision is premised on the sellers’ view that real estate agents’ selling fees are excessive and the rhetorical question, “how hard can it be?” However, less than one per … Read the full post »

The real cost of Real Estate portals

There’s little doubt that digital advertising of real estate is the preferred method consumers use to search for a property to buy or rent. In Australia, about 70 per cent of all properties that come to market find themselves listed on a web portal. This is extraordinarily high compared to other countries where in the USA, for example, less than 5 per cent of properties are listed on publicly accessed … Read the full post »

How to Buy

A recent dealing with a buyer we met several months ago got me thinking about how buyers typically approach negotiations when buying property. Most are tempted to eagerly point out the property’s apparent – and often obvious – faults. Buyers often “talk down” its benefits and highlight its shortcomings in an apparent precursor to justify a lower-than-reasonable offer to purchase.

Pointing out a property’s … Read the full post »

Purple Bricks Packs its Bags

Budget real estate service model Purple Bricks has announced this week that they are winding up their Australian operations. This is welcome news for consumers of professional real estate services no longer to be lured by an extensive marketing campaign that denigrated traditional real estate agents, promised “no commission” and claimed outstanding results. The news comes after months of grandstanding claims that they were expanding their Australian operations and were … Read the full post »

Blame Me

Some 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 wrong.

As an agent working in your community, acting … Read the full post »

Buying “Subject to Sale”

Buyers are, of course, often sellers too. Most people who decide to sell their home also look for an alternate property at the same time and may find something appealing before they have secured a buyer for their own.

Buying a property “subject to the sale of another property” is common and REIWA agents are well equipped to ensure the sale agreement is procedurally correct. Normally such agreements enable the seller … Read the full post »

Why Enlist a Property Manager?

As the Perth rental market gains some traction, it is a good time to talk about the benefits of using a property manager. Property management is more about managing the tenancy than it is about managing the property. This makes sense given the tenant is the one living in and caring for the property, whereas the property manager usually visits a handful of … Read the full post »

Foreign Buyer Tax Trap

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.

At Perth’s median house price of about $500,000, that’s a tax … Read the full post »

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