The Goods and Services Tax (GST) is a significant aspect of Australia’s tax system, impacting various sectors including real estate. When it comes to residential properties in Western Australia, understanding the implications of GST is essential for both buyers and sellers. This article aims to shed light on the GST considerations associated with residential…Read More→
When it comes to renting a property, both landlords and tenants have specific responsibilities related to maintenance and repairs. These responsibilities are crucial for maintaining a safe and habitable living environment and ensuring a smooth landlord-tenant relationship. We will outline the key points that both parties should be aware of. 1. Property Condition Report: The…Read More→
Pre-settlement inspections are checks done on a property before the final purchase or rental agreement is made. This is to make sure everything is in good condition and matches what was agreed upon. For example, if you’re buying a house, you might do a pre-settlement inspection to see if all the appliances work, if there…Read More→
Before signing a tenancy agreement, tenants should carefully assess the property’s condition. It is advisable to check for any pest issues and ensure that the property is secure and weatherproof. Inspect the functionality of doors, windows, taps, and the hot water system, as well as the integrity of the fencing and the overall state of…Read More→
In 2024, Perth’s housing market is expected to grow by 10%, according to the Real Estate Institute of Western Australia (REIWA). Despite interest rate increases in 2023, Western Australia’s property market remained strong. House prices in Perth saw a significant 8.3% increase in 2023, reaching a new record median price of $590,000. However, unit prices remained…Read More→
With record breaking prices and fluctuating interest rates, the real estate market has been unpredictable. Let’s take a quick look what the numbers are telling us this 2024.After some initial dips during the pandemic, property prices skyrocketed to new heights in 2021. In 2022, interest rates rise which temporarily led to a decline in home…Read More→