Property Management Specialists

Ph 08 9319 3090

PERTH’S PROPERTY VALUES START POSITIVE

After a year of mixed fortunes Perth’s property values have started the year on a more positive note.

PERTH property values have had a spike in the past quarter with new figures out today revealing a some short term growth.

The latest CoreLogic RP Data home value index figures revealed a 1.7 per cent increase in dwelling values in Perth for the three months to the end of January.

The slight uplift comes after months of drops in values.

The picture was not so bright on a yearly basis with home values down 4.1 per cent.

Nationally home values increased during January by 0.9 per cent with Sydney finally toppled from its top spot as the best performing property market.

The highest growth for the year was Melbourne where values increased 11 per cent and Sydney where they were up by 10...

Read More

TOP 10 SUBURBS FOR PROPERTY BARGAINS IN PERTH AND WA

HOMEBUYERS are nabbing property bargains across WA as sellers accept offers hundreds of thousands of dollars below their original asking price.

Some homes are even being bought at prices cheaper than eight years ago, with one agent saying vendors could no longer expect “Hollywood prices”.

In Perth, homes in West Swan, Dalkeith and North Fremantle were selling at an average 10 per cent below their asking price in the March quarter, new figures collected by CoreLogic RP Data reveal.

Regional towns were being hit even harder, with more than 20 per cent of properties selling below what they were last purchased for.

WA’s top five discounted properties now on the market had slashed their asking prices by more than $500,000, research by national analysts SQM Research showed.

Perth Property ...

Read More

PERTH TENANTS ON TOP

PERTH’S vacancy rate for rental properties has hit a 20-year high as landlords report a spate of tenants breaking leases.

~ Rents across Perth cheaper as vacancy rate hits 20-year-high
~ Claremont sees biggest drop in rents for tenants in houses
~ North Coogee sees biggest drop in rents for unit tenants

The vacancy rate is now more than 5 per cent — its highest since December 1995, when Paul Keating was Prime Minister and Coolio’s Gangsta’s Paradise topped the music chart, Real Estate Institute of WA figures show.

Landlords are now being encouraged to offer incentives — such as free Wi-Fi or a week’s free rent — to lure tenants, with experts warning the vacancy rate has yet to peak.

The median weekly rent for Perth is $420 for houses and $395 for units, down 13 per cent from ...

Read More

RENTAL PROPERTY COMPLIANCE – BLINDS & HOOKS

Blinds and curtains with loose cords or chains can strangle young children. Since the early 1990s, at least 18 children have tragically died in Australia this way.

A child can place a loop over their head or get tangled in loose cords or chains when:
~    sleeping in a cot or bed where cords or chains are hanging;
~  playing near cords or chains; or
~  standing on furniture (chair, sofa, bed, table etc.) or climbing using something like
an overturned toy box/crate to look out of a window that has blind or curtain cords
or chains.
Landlords have an obligation to ensure internal window coverings are safe.

Under section 42(2)(c) of the Residential Tenancies Act 1987, the landlord (lessor) is required to ensure that all aspects of the premises comply with laws relating to buildings, healt...

Read More

RENTAL PROPERTY COMPLIANCE – SECURITY

 

On 1 July 2013, changes to the Residential Tenancies Act 1987 (the Act) and the Residential Tenancies Regulations 1989 will commence. The changes include a list of the locks and devices that must be installed in premises to make them reasonably secure.

Click on Changes to locks to download an information pdf.

Read More