WA Real Estate News
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Tim Gossage launches into real estate with Realmark
Network Ten, Eyewitness News sports presenter Tim Gossage has merged his passion for presenting with real estate becoming fully charged Auctioneer with Realmark. After 28 years as the king of presenting across news, sports and breakfast radio, Tim’s passion for auctioneering is to lead him to Realmark joining forces with the industry pacesetter, Realmark as auctioneer. Tim has auctioneered at…
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Realmark implements Livebid in a first for WA Auctions
Innovative firm Realmark is the first agency in Western Australia to adopt Livebid, a new cloud-based technology that will bring residential and commercial property auctions into the digital age. Developed in Australia, the ground-breaking technology allows agents to electronically record auction bids which are made instantly visible to buyers and sellers, who can track auctions simultaneously, in real-time, from any…
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REIWA celebrates 100 years of WA real estate
The Real Estate Institute of Western Australia and the State Library of Western Australia are presenting a public exhibition celebrating a century of REIWA service. REIWA CEO Neville Pozzi, said the centenary was a major milestone in the Institute’s history and he was delighted to be able to share how REIWA has grown and positively influenced the state over the…
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Harcourts Expands into Key Western Australia Locations
Harcourts Group Australia has continued its expansion in Western Australia with three office openings in key Perth regional areas of Midvale, Wembley Downs and Bullsbrook. The Harcourts Phoenix team will be led by Mike Steadall and will service the Perth Foothills/Hills community, located in the suburbs east of Perth. With over 35 years of experience in sales and marketing at…
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Ross Whiteman awarded a prestigious OAM
Congratulations to Ross Whiteman in Western Australia on his recent Order of Australia medal in the Australia Day honour’s roll. Ray White Western Australia CEO Mark Whiteman said he was so proud of his father’s award in recognition of many years of service and dedication to such a worthy cause. “Dad was recognised for his service to people living with…
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First National WA reinforces training commitment to its agents
First National Real Estate has appointed Goals International to expand its existing in-rooms, online and on-demand training strategy for 2018 in Western Australia. Business Growth Manager, Debbie Fletcher said regular training, mentoring and coaching was essential, particularly in a tough market, to help agents remain inspired, motivated and at the forefront of the industry. “A lot of thought went into…
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Housing affordability improves for buyers and tenants in WA
A new housing affordability report has found Western Australia is the most affordable state in the country for tenants and home buyers. Only the Northern Territory and the Australian Capital Territory are more affordable. The Real Estate Institute of Australia supported by Adelaide Bank released their latest Housing Affordability Report yesterday, with the findings revealing affordability in WA’s housing and…
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Realmark and Altitude to join forces on 1 Feb, creating Realmark Urban
In welcome news for consumers and industry, the upcoming merger between the Realmark Real Estate Group and Altitude Real Estate will enable the combined agencies to offer their clients a more efficient, effective and influential way to buy, sell, lease, manage and finance property. Founded by Paul Tonich and his cousin Nathan Tonich in 2008, Altitude Real Estate is one…
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Ray White WA welcomes Ben Keevers
Recognised as one of Western Australia’s top agents, Mr Keever’s down to earth nature, enthusiasm and professionalism makes him one of the most sought after agents in Perth’s exclusive northern beaches. Ray White Group joint chairman Brian White said there was no greater compliment than could be paid than to have a top agent joining the network. “Growth is the…
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Refinance time slashed in WA with new technology
The WA banking industry deadline for a new paperless refinancing era starts from 1 December 2017. It’s the compliance date marking when refinance transactions move online. Home owners looking to refinance, for example, in the event that interest rates rise, will now benefit from faster refinance times. The transactions are completed through Property Exchange Australia’s (PEXA’s) digital platform. Mike Cameron,…
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REA Group expands Perth presence with new Subiaco office
The office mirrors the design of other REA Group spaces around Australia, with a focus on flexible working and creative environments. The new office has an urban industrial feel and popular Western Australian landmarks adorn the walls and double as names for meeting and quiet rooms. The office will house a growing workforce of REA Group staff across Residential, Developer…
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40 per cent of Perth suburbs have limited housing supply for sale
“1.3 per cent of the 818,000 properties across Perth are listed for sale, however when take a closer look, 95 suburbs have listing levels below this. While some of these suburbs have marginally less choice than the overall Perth average, others have significantly less,” Mr Groves said. Reiwa.com data shows Nedlands and Greenwood are the most undersupplied suburbs in Perth,…
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Vivien Yap joins the Ray White group
“Growth is the oxygen for a business like ours that has been growing for over 115 years. My family and I are excited to welcome Vivien Yap and her team to our business.” Ray White Western Australia chief executive officer Mark Whiteman also extended a warm welcome to Ms Yap and her team to the WA network. “There are moments…
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The worst is over for Perth property market: REIWA
REIWA President Hayden Groves says conditions in the September quarter had mirrored those experienced in the June quarter, which indicated the Perth property market may have finally found its floor. “We’ve observed six months of stable conditions, with both the June and September quarters posting consistent results. Historically, before a market improves there is a sustained period of level stock,…
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Perth real estate agent rocking up a storm
The Ray White City Residential selling principal and auctioneer approached up and coming Perth band Tangent to help him rock out a property music video. Tangent had been rehearsing at the property at 30 Conochie Cres, Manning for some years. Band leader David McSweeney said he was excited when Mr Compton approached the band to help him market the tidy red…
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REIWA Information Service in high demand from tenants, landlords, buyers and sellers
REIWA Chief Executive Officer Neville Pozzi said the volume of calls placed to the REIWA Information Service so far in 2017 had exceeded those received at the same time last year. “The REIWA Information Service provides West Australians with direct access to local experts in the real estate industry who can educate them on areas they are unsure about and…
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Perth real estate agent holding a 24 hour open home
Ray White City Residential Perth principal Brent Compton will host the marathon open at three brand new East Perth waterfront apartments, kicking off from 2pm Saturday. The high end units range in price from $6.250 million to $8.5 million at 11 Brown St, East Perth. “I am definitely the first Ray White agent to do this in Western Australia,” Mr…
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Haydn Groves reappointed REIWA president
The REIWA governing Council has re-elected Hayden Groves as the Institute’s President after his term officially ended in September. REIWA CEO Neville Pozzi offered his congratulations to Mr Groves on his re-election. “Mr Groves has provided exceptional leadership to the Institute over the last couple of years, and I’m delighted to have him on board for REIWA’s 2018 centenary year,”…
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Raine & Horne’s Anthony Vulinovich named WA’s best commercial agent
“There are many hundreds of commercial sales agents in Western Australia, so this is a terrific win for Anthony and testament to his hard work and strategic commitment to selling commercial real estate over many years,” said Terry Menage, Director, Raine & Horne Commercial WA. “Anthony’s point of difference is that he has undertaken a great deal of pre-sale work…
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Buy-Rent Index determines the best time to buy or rent in Perth
The Index, which will be released on a quarterly basis, is based on formulated economic assumptions that help identify the annual house price growth rate required for home ownership to be financially advantageous over renting. The June quarter 2017 figures indicate the median house price in Perth would need to appreciate by 4.3 per cent annually over the next 10…
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Ray White and Loan Market WA Awards celebrate the state’s high achievers
Ray White WA CEO Mark Whiteman and Loan Market State Director Ken MacLennan opened the evening with a clear message of an integrated future for the two arms of the White Family group. “The 2016/17 year saw plenty of challenges in the market with sales volumes down yet again on last year, but surprisingly the groups managed to navigate the…
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WA State Budget a positive for property investing, say Momentum Wealth
The WA Labor government have delivered their first state budget, and as Treasurer Ben Wyatt and Premier Mark McGowan have previously indicated, the burden of amending the State’s financial situation will be indirectly shared by all West Australians. However, from a property investment perspective, the budget was relatively positive as there were no direct increases to property costs for residents…
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Perth’s stable house and rent medians good news for the market: REIWA
REIWA President Hayden Groves said it was encouraging to see the median price remain firm across both sectors of the Perth property market. “The stable medians are good news and indicate that seller’s and landlord’s expectations are matching those of buyers and tenants,” said Mr Groves. According to the latest reiwa.com data, listings for sale have continued to trend marginally…
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Perth’s 10 cheapest suburbs within 10km of the CBD revealed
REIWA President Hayden Groves said there was great opportunity for Perth home buyers close to the city. “Buyers in Perth really are in an enviable position. It’s unheard of in other parts of Australia, particularly in Sydney and Melbourne, for buyers to be able to purchase a house close to the city for less than $530,000. “We are very lucky…
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Affordable housing south of Perth is key to real estate turnaround: Raine & Horne
That’s according to Craig Abbott, General Manager WA, Raine & Horne, who says the availability of affordable homes south of Perth with good rental yields will assist in getting the market back on track. “There is plenty of news suggesting that Perth’s real estate market is in a rebalancing phase,” Mr Abbott said. “I think it’s too early to call…
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Ray White wins Top Franchise Group in WA at REIWA.COM Awards
More than 700 real estate professionals and guests attended the 2017 reiwa.com Awards Ball at Crown Perth on Saturday night, which celebrated WA’s leading real estate agents and recognised them for their achievements in 2016-17. Ray White WA chief executive officer Mark Whiteman said he was delighted his network won the top honour at the esteemed REIWA.COM awards. “This is…
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Perth rental market subdued in June qtr, annual leasing figures remain strong: REIWA
REIWA President Hayden Groves said although activity had dropped off across the metro area in the three months to June, annual activity levels had continued to improve. “The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing. We’re seeing notably more properties being leased now than we…
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REIWA calls for tax reform in 2017-18 State Budget
In its 2017-18 pre-budget submission, REIWA has cautioned the Treasurer against targeting the property sector with increased taxes, recommending they introduce incentives for first home buyers of established properties and seniors over the age of 65 to help raise much needed funds for the State. REIWA President Hayden Groves said this was not the time to consider raising property taxes,…
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First Home Owner Grant discriminates against buyers wanting to enter the established market
REIWA President Hayden Groves said first home buyers who wanted to buy an established home were being discriminated against and as a result were finding it increasingly difficult to enter the WA property market. “Housing affordability remains a significant issue for many West Australians. We should be making it easier for all first home buyers to enter the market, not…
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REIWA partners with CoreLogic to provide recent WA sale data
A new partnership between REIWA and CoreLogic means the recent sales results reported on reiwa.com will now appear within RP Data Professional, giving agents access to accurate data within one of Australia’s best property data and analytic platforms. CoreLogic CEO Lisa Claes said the partnership was in works for a number of years. “We are absolutely delighted that now our…
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REIWA: Perth market showing signs of stabilising
REIWA President Hayden Groves said that, while conditions remained softer, there were some positive indications the market had finally begun to settle. “We’re certainly not experiencing the steep declines across the board we once were. Although no one can accurately ascertain the future of the property market, the signs are there that we have finally found, or be very close…
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‘Long overdue’ WA strata title reform welcomed by leading industry bodies
The Western Australian State Cabinet decision to move forward with the strata title reform process has been commended by the Real Estate Institute of Western Australia, Strata Community Association WA, Property Council of Australia and Urban Development Institute of Australia WA. Announced yesterday, the Honorable Rita Saffioti MLA said strata title reform was important to the future housing needs of…
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New $270 levy for WA investors is irresponsible, REIWA
REIWA has slammed talk of introducing a $270 levy for investors as a means to help raise revenue and fix the State Budget as short sighted and irresponsible. REIWA Councillor Suzanne Brown said it was extremely disappointing the industry was not consulted about this policy change. “The private rental market is crucial to the provision of rental accommodation in WA,…
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WA heads towards deadline for mandated online property settlements
The WA land registry, Landgate, has announced a timeline for taking property transactions online, with a view to 100 per cent of transactions going digital. Deadlines for implementation of online transaction requirements apply to WA settlement agents in August, October and December 2017 for phasing in mandatory electronic settlements. Property Exchange Australia – PEXA – is the system that has…
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Ausnet expands its foothold by acquiring Beaufort Realty
ASX-listed Ausnet Financial Services Limited is expanding its reach in Western Australia with the acquisition of Mount Lawley real estate agency, Beaufort Realty. Ausnet’s wholly-owned subsidiary, Ausnet Real Estate Services entered into a share sale agreement to acquire all of the issued shares in Beaufort Realty from its shareholders Jonathan Adams and Pamela Herron, Christine Kirkness and Dosta Buckovska. The exchanged…
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