Posts Tagged ‘real estate’

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 »

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 »

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 »

Freo Funk

Perhaps I am just impatient but when will Fremantle become the city it deserves to be?

I encourage readers to take a proper walk through Fremantle, from east to west on any given weekday morning and wonder at the pleasant – albeit eclectic – urban aesthetic that makes up the built form of our city. … Read the full post »

Why you should use a Mortgage Broker

I read a stat the other day that quoted 60 per cent of all home and investment loans are completed by mortgage brokers. I assume the remaining 40 per cent of people go to their bank directly. The community’s preference to use a broker to assist them in choosing the right bank and loan to meet their needs seems clear.

The Hayne Royal Commission into … Read the full post »

Current relief for Tenants

What Exactly Does the ‘Moratorium on Evictions’ Mean?

The messages from the media and Government around the ‘moratorium on evictions’ were patchy and sometimes confusing, leading some to think that it meant ‘free rent’.

The Premier, Mark McGowan addressed that idea by stating “tenants must continue to pay rent. If a tenant can’t pay their rent they will still have to pay … Read the full post »

Making an offer “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 … Read the full post »

Investors to Return

According to Core Logic’s latest monthly data, investors comprise only 17 percent of mortgage demand across WA, the lowest level of any state or territory. By comparison, in NSW, 32 percent of all mortgages are investor loans.

But as the bullish markets of the east coast begin their retreat due to COVID-19’s economic impacts, Perth could easily become the next obvious target for property investors. … Read the full post »

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