By October of 2013, home buyers in the Perth market were bemoaning the lack of homes for less than $350,000. With the median price in Perth most recently compiled at $535,000, homes for less than $350,000 have become increasingly rare. Investors and first home buyers became more active in 2013, buying up most of the […]
Should You be Offering More than the Asking Price for a Home?
Across Australia, housing prices have been rising. In Perth, the current median price of $535,000 is a record high. In addition, research conducted by realestate.com.au shows that 41% of Australian buyers in September and October of 2013 were prepared to offer more than the asking price, nearly double the 23% of those who were willing […]
Perth Market Shows Booming Sales for Buying Units Off the Plan
Sales for apartments off the plan have been booming as of late in the Perth market. Many buyers are tired of high electricity and water rates, don’t want to commute in the Perth traffic and are producing smaller families. This is all contributing to many couples and small families turning to units near the Perth […]
Top Tips for Entry Level Property Investors
Since the superannuation laws were amended to allow Australians to invest their super in rental properties, we have written a lot more home loans for investors in the Kwinana, Baldivis and Rockingham areas. Many neophyte investors ask us a variety of questions about getting started in investing. We would like to share some tips for […]
Perth Housing Market Hits All-Time High: How Buyers and Sellers can Profit
The end of 2013 saw a median house price of $535,000 for the Perth housing market. This is a record high. With growth as high as 8% projected for 2014, every successive quarter for 2014 could see another record high. With changes in the First Home Owner Grant (FHOG) producing two spikes, the first on […]
First Home Owner Grant (FHOG) Takes Hold on Market
The changes in the FHOG are now fully in effect in Western Australia. Under the previous terms, all first home buyers in WA were provided with a grant of $7,000 for a new home or an established home. Now, the grant is $10,000 for a new home and $3,000 for an established home. According to […]
Presenting Your Home for Sale: 5 Great Tips
Though most of a home’s inherent value is in the land and the building, appearance can make a difference of as much as $50,000 in the price a home will command in the marketplace. If you are getting ready to sell a home, it is important that you present it in the best way possible. […]
7 Tips for Adding Value to Your Property
One of the surest ways to add value to your property is to perform renovations. While results may vary from house to house, it is possible to add as much as $100,000 value to a property for as little as $10,000. At the very least, one should aim for a return of about $5 for […]
Housing Affordability Improves Nationwide
Every quarter, mortgage brokers and others in the home loan industry receive a document commissioned by the Adelaide Bank and the Real Estate Institute of Australia (REIA) called the Housing Affordability Report. Though our main territory covers the Rockingham, Baldivis and Kwinana areas, we find national trends are very relevant to us; they remind us […]
What is the Largest Segment of the Home Loan Market in Rockingham?
Being mortgage brokers puts us in a unique position. Most of the home loans we help provide are in the Kwinana, Rockingham, Baldivis and areas and this gives us direct knowledge of the local market. Unlike real estate agents who tend to concentrate on one social strata or demographic, we see an accurate cross-section of […]
