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→
In Western Australia, like in many other regions around the world, the termination of a tenancy is a significant legal process that must be undertaken with care and adherence to established rules and regulations. Whether you are a landlord seeking to regain possession of your property or a tenant facing the prospect of eviction, understanding…Read More→
Renting a property can be a convenient and cost-effective housing solution, offering flexibility and peace of mind to tenants. However, like any aspect of life, it comes with its own set of challenges. One of the most common and frustrating issues faced by both tenants and landlords is the presence of unwanted pests in a…Read More→
As the vibrant Spring season approaches, homeowners across the nation are gearing up to put their properties on the market. Amidst the flurry of preparations, one crucial decision looms large: the extent of your marketing strategy. Marketing isn’t just a mere expense; it’s a strategic investment that can significantly impact your potential profit from the…Read More→
Home values across the nation started bouncing back in March this year, and by the end of August, they had risen by a solid 4.9%. This recovery has managed to wipe out about half of the previous drop that occurred between April 2022 and February 2023 when home values took a -9.1% dip. Right now,…Read More→
Tip #1: Nail Those Requirements Getting a home loan in the land down under isn’t rocket science, but there are some key requirements you need to meet. You’ve got to be at least 18 years young, a citizen or permanent resident of Australia, or have tied the knot (or a de facto knot) with an…Read More→
Let’s dive into the Real Estate scene to talk about something that might surprise you. You see, there’s this common belief that the real estate market takes a nap during winter. But guess what? That’s not entirely true. So, if you’re thinking about selling your property, don’t let the chilly vibes freeze your plans….Read More→
This issue has been circulating the Real Estate industry in Australia for quite some time now – the housing undersupply. Let’s Talk Numbers and Drivers Currently, we’ve got a significant shortage of available properties for sale, which is driving those skyrocketing property prices. And despite the rising interest rates, it does not much help stopping…Read More→
Today, let’s talk about a hot topic that affects all of us: interest rates and their impact on the Australian economy. The Board just had its meeting, and they’ve decided to keep the cash rate target steady at 4.10 per cent, as well as the interest rate paid on Exchange Settlement balances at 4.00…Read More→