Blog


Weekly REIWA stats ending in April 17


By Brett White   Source: reiwa.com.au    The Perth sales activity continues to be stable this week with 575 transactions reported, reiwa.com.au says.  Whilst there is a three percent increase in house sales, we are continuing to see an increase in the total number of properties for sale in Perth this week at 14,722.    This week's listing figure is one percent above that of four weeks ago, however is a percent lower than the same time last year, the report said.   REIWA members are reporting 8,605 rental properties available this week, and this is two percent higher than four weeks ago.  The median rent remains stable at $350 per week, with the vacancy rate for three months to February at 5.1 percent.  The top selling north of the river suburbs are Perth, Scarborough and Subiaco, all with eight sales. These were followed by Balcatta and Ell...


How do I attract quality tenants for my rental property?


by Brett White   Ensuring your property is well presented and priced is the key to finding quality tenants.    This question can haunt landlords from time to time when a property becomes available for rental. While recent reports show that the Perth's current rental market is recovering from the previous downturn, it is worth trying to amp up your property's features and marketing strategies to ensure it doesn't become vacant.  Appliances and fixtures in working order  Ensuring your property has all fixtures and appliances in a good state and working order can mean a difference in finding a good tenant and less desirable ones.  It's better to change any faulty items and update any aging fixtures such as curtains if they are in bad repair.   As there is still a large volume of rentals for tenants to choose from, making...


Should I move out while selling my home?


by Brett White       Making sure the home can be presented in the best light for buyers is the key!    Weighing on which is best for you and your home when selling can be a challenge. While, it is a case-to-case basis, you should consider your goal – to present the home in the best possible light for buyers.  Maintaining the spaces free of personal things or any clutter for home inspections should be considered. While it is understandable that not all vendors can move out, keeping in mind the importance of access and presentation greatly helps in selling a property.  Some owners are flexible and can work around inspection times, while others with tight schedules or who have a place to move into might prefer to move out.  It is preferable where possible to have furniture in the home whilst you are selling it, so if you are moving out then staging the property through a professional can really be ...


Good impressions with the right images


by Brett White         With as little as eight seconds, poor images can cost you a sale!    Creating a good impression online has been the way to go for most properties on sale these days. With up to 95 percent of buyers relying on online search, it is critical the property is presented well in the photos attached to the listing.  Getting the right perception of your property is crucial to the marketing. With as little as eight seconds, your prospect buyer have had taken their time browsing your property's photos and offer.  With as little as eight seconds, poor images can cost you a sale!    Professionals help you bring out the best out of every feature in your property.    We suggest that you check if your agent uses a professional photographer. Almost everyone owns smartphones that has the ability to capture great images but having this device doesn't turn us all into...


A quick guide to picking tenants


By Brett White   Identify the organized couple who has their application prepared upon stepping into the property.   Unfortunately some investors from time to time have the unfortunate experience of dealing with the tenant from hell. Finding a good tenant for your property is very important, and needs to be considered carefully from the outset.   So how can you avoid the tenant from hell?  From the initial inspection and asking questions, to getting all the information you need on the Tenancy Application, here's a simple guide to help you find that tenant.  Ask the right questions Asking the right questions begins the process of evaluating a tenant and finding a suitable fit for your property. You are entrusting them with looking after your asset during their tenancy, so you should take careful steps to...


What suburbs were hot in Perth for 2017?


By Brett White   Source: propertyvalue.com.au   How long does it take for homes to be sold in Perth? This week, we'll take a lookback to see which suburbs had homes with the least median days on market throughout 2017.  In March, propertyvalue.com.au recently released a report of which capital city suburbs had the fastest-selling homes 12 months to December 2017.  The median days on market figure is calculated by comparing the date at which a property is first listed for sale to the date a contract is signed.  Furthermore, this data excludes auctions and only includes properties that have been sold in private sales.  In Perth, Heathridge had a median value below the city-wide median while the other four suburbs are relatively closer to the city centre and have higher values. Myaree tailed with an average of 22 days for a home to be sold in the area. ...