Perth Real Estate News Feed
Why this leading real estate agent loves Perth City
At the time of writing, Perth’s median dwelling value has overtaken Melbourne’s. It’s a situation not seen since 2015. The calculation, while encouraging for investors, has a couple of caveats, one of which is this: Perth’s median unit values are still lower. This means that, for those considering a move to Perth City, the time is now. Brendon Habak is Selling Principa...
What about first-home-sellers? Let this be your guide to success!
So much is said about the first-home buying process, with online courses, advertised incentives, government guides, coaching from professionals as well as mentoring by friends and families to ensure that first-home-buyers make a great decision when jumping on the property ladder. It is a tough time and a period bursting with nerves and anxiety. Especially in Perth’s real estate market tod...
WA vs NSW – A tale of two states!
Speak with a WA residential sales agent in 2023 and you will likely hear that they have recently sold to an east coast buyer or sold to a Buyer’s Agent representing an east coast buyer. A major shift of wealth has come from the east coast to the west in 2022 and 2023. This is resulting in rising property values here in WA and properties being bought by interstate investors rather than loc...
Finding it hard to secure your next home? A Buyer’s Agent may be the service that you need!
Originally hailing from the east coast there were two things that I was very used to when it comes to residential real estate. The first is that most properties are bought and sold on the east coast via ‘Auction’ rather than via ‘Private Treaty’. The second is that buyers on the East Coast are very busy and sophisticated buyers who place a high value on the use of a prof...
Has the time come for WA’s apartment prices to go up?
What a difference the holiday period makes! In the span of just a few short weeks we have found ourselves working each day in January, 2023, with a larger number of serious apartment buyers. The buyers are pre-qualified with their finance and know exactly what they are looking for. With their new year’s resolutions firmly front of mind and very good properties available to purchase, my te...
To fix or not to fix? When it comes to property there is really only one option.
The rising costs of trades and services, low stock levels in stores, delays in ordering parts to replace broken ones, complaining tenants and property managers that can’t catch a break. The Covid-19 hangover is certainly alive and kicking when it comes to labour, materials and turn-around times for maintaining residential rental properties. This toxic mix of delays, costs and stress can m...
Our state is in a rental crisis! So why are there so many break leases occurring?
The current state of our WA rental market is unprecedented. I do not love using the term ‘unprecedented’ as it is a word being coined by many these days to invoke an emotional reaction from the reader. It is certainly a word that grew in popularity throughout 2019 - 2022 as we worked our way through the complexities of the Covid-19 pandemic. It is a term that is however fitting in t...
Been pre-approved recently? It might be time to get re-approved.
With the recent Reserve Bank interest rate hikes now in place and banks passing on the majority of this increased cost of borrowing to you and me, the consumers, we have seen pre-qualified and genuine buyers become unstuck in recent weeks with the hammer dropping - the horrid finance decline letter! This is due to their existing pre-approval no longer being honoured by their selected bank. What...
The 'One and Done' - Here to stay or just a result of the rapid rate increases?
Is the 'One and Done' here to stay or is it only a short term reaction to the successive RBA interest rate increases? Firstly, what is the 'One and Done'? Also known as the 'First and Final Offer'. This is when a property buyer is keen to purchase a property and has prepared themselves to make just the one written, best and final offer to purchase a property. If they get it for that pric...