WA Real Estate News
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Perth sales hit a five-year high
Perth is coming off its strongest month for sales since 2015, with transactions in June up 55.1 per cent from May. REIWA data shows that land sales in particular rose a striking 289 per cent from the previous month, with 1471 blocks sold. Dwelling transactions rose 15 per cent from May, with 3990 properties changing hands. While any comparative statistics…
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Perth weekly sales transactions hit seven-year high
Data from reiwa.com has revealed over 1000 sales transactions occurred in greater Perth for the week ending 21 June 2020 – almost double the 52-week average of 539 sales per week and the highest level of activity seen since June 2013. REIWA President Damian Collins said the Perth metro market has certainly started to pick back up and is not…
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REIWA Awards recognise best in the west
REIWA has recognised Western Australia’s top real estate achievers for 2020, with this year’s event streamed to hundreds of people. REIWA CEO Neville Pozzi said during a difficult and evolutionary year within the industry, the awards were more important than ever to showcase the fantastic work that has been achieved. “The Awards for Excellence are the highest accolade that can…
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‘Use grants wisely’: property investment consultancy advises first-home buyers
New building stimulus measures introduced by the Federal and WA State Governments are driving a significant rise in first-home buyer inquiry, according to reports from Perth-based property investment consultancy, Momentum Wealth. Combined with the existing First Home Owner Grant and duty concessions, the Federal HomeBuilder Scheme and State Building Bonus Package could see eligible first-home buyers in WA receive between…
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Off-market listings app changing how WA buys and sells property
With an increasing number of sellers enquiring about off-market listings, an app has been modified to provide West Australians with a new and discreet way to buy and sell property which may not otherwise come to market. REIWA CEO Neville Pozzi said due to the current economic conditions many people were looking for cost-effective and productive ways to buy and…
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Building bonus fails to address the big impediments to job creation: REIWA
REIWA has expressed disappointment that the Federal and State Government’s building bonus schemes failed to address the biggest impediment to job creation and hurts those who can afford it least. REIWA President Damian Collins said the Institute understands that HomeBuilder and the WA Building Bonus Scheme are aimed at providing short-term jobs at a crucial time, however both the Federal…
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Perth rental stock dropping rapidly
Perth’s rental stock has been quickly absorbed, with listings falling by 17 per cent in May to 4,676 – the lowest they have been since November 2013. REIWA President Damian Collins said despite speculation about a potential challenging real estate market, according to the May reiwa.com data overall it is doing quite well. “The strong demand we have seen for…
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Buyers win online auction while camping
A Broome property has sold entirely online to buyers who were 934kms away, camping at Karijini National Park. Using the digital sales process Openn Negotiation, Lana Ziverts of First National Real Estate Broome facilitated the sale remotely while her sellers watched on from the other side of the country. The property, which is located at 44 Planigale Loop, Djugun, sold…
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REIWA hopeful stamp duty on the WA election agenda
The REIWA has welcomed the West Australian Liberal Party’s commitment to a state tax reform, in the hope the removal of stamp duty may be on their agenda. REIWA President Damian Collins said stamp duty is the single biggest hurdle for prospective home owners and a reform is urgently needed to help recover from the impacts of Covid-19. reiwa.com data…
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Clarity in a crisis – Realmark Whitfords
“We appreciated very early on that as a business we would be measured in the future by our response to Covid-19,” Paula and Jonathan Alsford – Realmark Whitfords When panic surrounding Covid-19 began to filter through the West Australian real estate market, Realmark Whitfords owners Paula and Jonathan Alsford made a conscious decision – communication would be paramount, and clarity…
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WA announces rent relief package
The Real Estate Institute of Western Australia has welcomed the McGowan Government’s announcement for rent assistance to help property owners who have been left to burden the costs of those struggling to make their rent payments due to the impacts of COVID-19. REIWA President Damian Collins said last week legislation was passed through parliament which protected the rights of tenants,…
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Realmark makes proactive move online
A recent investment in technology will come to the fore at WA’s Realmark Group should the need arise to work remotely as a result of the coronavirus pandemic. The Realmark Group has worked to proactively implement working from home for teams, rolling out procedures and policies last week to ensure they were working in the best interest of the teams,…
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REIWA calls for safeguards in wake of coronavirus
REIWA is urging the state government to consider additional rent assistance for residential tenants who lose their jobs and safeguards for landlords if the tenant can no longer afford to pay rent as a result of the coronavirus pandemic. It comes as welfare and arts bodies call for a ban on housing evictions over the next few months to support…
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Perth CBD leads the way as office market gains momentum
The Perth office markets are gaining momentum despite little improvement in Western Australia’s employment and population situation, according to Ray White’s latest Between the Lines commercial research. The report notes that, after several years of reduced sentiment and pressure on the office markets, Perth has started its recovery mode.“During the latter part of 2019, we’ve seen momentum build, resulting in real…
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WA GEM Awards winners announced
First National Real Estate’s Western Australia estate agents were presented with their General Excellence and Marketing Awards at Crown Perth on Friday night. The awards celebrated the outcomes achieved by the state’s agents throughout 2019, with top 10 individuals and offices now vying for National GEM Awards, which are announced in May. Agents reaching the national top 10 will be…
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Perth rents increase and sales set to follow
Perth has recorded its first increase in rental prices the Western Australian property market has seen since January 2017, and sales are predicted to follow suit with the market showing a strong gradual improvement over the last four months. According to the Real Estate Institute of Western Australia, Perth’s median rent increased to $360 per week in February. REIWA President…
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A familiar face opens Ray White Scarborough
The award-winning Ray White Aspley group has widened its presence in southeast Queensland with the opening of Ray White Scarborough. Director Robert Green will lead a team full of local area experts, and along with new stakeholders Stephanie Williams, Angela Duncan, Dwight Colbert and Paul Hodkinson, the team are thrilled to be able to offer their customers more exposure and…
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Ray White Inner North welcomes familiar face
Perth real estate agent Helen Bond is returning to her old stomping ground as she takes up the role of Sales Executive at Ray White Inner North. In the past, Ms Bond established Ray White’s first office in Mount Lawley – an area she has lived and worked in for more than 30 years. “This is the perfect mix for…
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Perth dwelling value records first rise since April 2018
CoreLogic’s November Home Value Index has revealed that Perth’s dwelling value has increased 0.4 per cent in the last month – the first increase in over 18 months. REIWA President Damian Collins said that while the rental market has been the highlight of 2019 due to steady leasing activity levels and a plummeting vacancy rate, they are now starting to…
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The Agency WA to launch new Wembley office
The Agency Group Australia is further expanding its reach in the Perth property market with the appointment of highly-experienced sales agents and upcoming launch of a new office in the sought-after inner-city suburb of Wembley. Well-regarded real estate agent Paul Tonich, along with his colleagues Corey Adamson, Jon Williams and Luke Martin, have joined the Western Australian team and will…
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REIWA calls on West Aussies to help those in need this festive season
With more than 300,000 people seeking help from The Salvation Army each year during the festive season, REIWA is encouraging West Australians to get behind the Salvos’ Annual Christmas Appeal to help bring holiday cheer to those in need. REIWA President Damian Collins said the holiday season can be especially challenging for those struggling to make ends meet. “This is…
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Ray White and Loan Market to launch into Fremantle
With the strength of Australasia’s largest real estate brand behind them, Brett and Julia Oliver, Candice Geiles and Robert Crawford are excited to be opening the first Ray White and Loan Market collaboration in the heart of the port city business district. With over 20 years experience in the real estate industry, Brett Oliver says…
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Managing agent appointed for Aspen’s $20 million Perth rental portfolio
Accommodation provider Aspen Group has invested in 84 properties in the Perth real estate market, appointing The Agency as sole property management provider for the $20 million investment. The deal marks a significant uplift in The Agency’s Perth portfolio from 1,025 to 1,109 and takes the national property management portfolio to 4,671. From January to the calendar year to date,…
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Stamp duty removal gains traction with off-the-plan purchases
The Real Estate Institute of Western Australia (REIWA) has come out in support of the McGowan Government plan to remove stamp duty from off-the-plan purchases. REIWA President Damian Collins said the news was a significant win for property buyers and restored the current imbalance where standalone houses only paid duty on land. “By reducing the tax for off-the-plan sales, not…
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Harcourts expands in Perth region
Alex Dabag and John Tran have a combined 26 years of real estate knowledge in the northern region of Perth have opened the latest Western Australia franchise, Harcourts Initiative. Alex Dabag and John Tran have a combined 26 years of real estate knowledge in the northern region of Perth. And with a considerable refer and…
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REIWA welcomes changes to protect children from toppling furniture
REIWA and its members are delighted that the Consumer Protection Legislation Amendment Bill 2018 has been formally passed which amends the Residential Tenancies Act and allows renters to fix furniture to walls. REIWA President Damian Collins congratulates the government for passing this critical piece of legislation and commends them for listening to the concerns of the real estate industry…
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REIWA award-winning Peter Clements and his team join Eview Group
Hot on the heels of winning REIWA small residential agency of the year and personally taking out the title of residential salesperson of the year, Peter Clements and his team have joined the Eview Group. Thrilled with the recent accolades, Mr Clements said he was honoured to be recognised with awards that illustrated his team…
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REIWA launches plan to boost WA’s economy
The Real Estate Institute of Western Australia has launched a six-point plan to attract buyers and investors back to the market following a dramatic decline in sales activity. The plan includes changes to stamp duty, reintroducing first home owner grants, and revoking the foreign owner duty surcharge. REIWA President Damian Collins said sales activity fell from 89,000 in 2005 to…
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2019 REIWA Awards for Excellence winners announced
The Western Australian real estate industry’s best were recognised this evening at the prestigious 2019 REIWA Awards for Excellence, held at Crown Perth. REIWA CEO Neville Pozzi said the Awards were a unique opportunity for the Institute to acknowledge those WA real estate professionals who demonstrate excellence in their chosen careers, which have a positive…
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Realmark Coastal welcomes Todd and Danielle Utley
Husband and Wife duo, Todd and Danielle Utley, have joined leading WA agency, Realmark Coastal, this month. Todd and Danielle have forged a strong career in real estate together, having most recently worked with Peard Real Estate for the last 15 years. Todd and Danielle both had separate real estate careers before combining forces when…
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LJ Hooker raises funds for Humpty Dumpty
The LJ Hooker Foundation has donated almost $45,000 to its charity partner, Humpty Dumpty Foundation, following the real estate network’s recent national awards nights and conference. A series of live auctions, with items donated by the likes of Audi, realestate.com.au and Inhouse Style, saw LJ Hooker business owners, agents and property managers raise their hands for the good cause. LJ…
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C21 expands Western Australian presence
C21 has expanded its network with the opening of a new office in Canning Vale, south of Perth Strategically situated on the doorstep of one of Perth’s fastest growing suburbs of Southern River, Canning Vale, Harrisdale and the busy Canning Vale corridor, the C21 Resicomm office will be headed up by Simon Pattullo. Mr Pattullo, who was born and bred in…
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From Federal Government to Ray White Cottesloe
For some, the match between an employee and employer is simply meant to be, but for former scientist Jen Lowe, the chemistry with Ray White was too hard to resist.With a PhD in science from Curtin University, having worked under the Howard Government and carried out research at Australia’s only nuclear reactor in Sydney, Dr…
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The house that technology built
Students from Curtin University’s School of Design and the Built Environment, led by Dr Jane Matthews, have put innovative new Australian software through its paces to design an accessible residential unit that may be built in Perth. The project has been initiated and managed by JLL Project and Development Services and supported by architectural firm Studio Halton and software developer…
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REIWA calls for less talk, more action on stamp duty
The number of annual property sales in Western Australia has dramatically dropped from over 71,000 in 2013 to less than 41,000 in 2018, the lowest the state has seen since 1990 and the numbers are only continuing to fall in 2019. REIWA President Damian Collins said one of the biggest imposts to home ownership is stamp duty, which has significant…
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