Archive for Opinion

Real Facts. Pictures worth a thousand words.

Member Real Facts 22 May 2018 Sales activity experienced stability over the week, with REIWA members reporting no change in weekly sales at 538.

The overall steadiness in weekly sales is attributed to a seven per cent rise in house sales, a four per cent fall in unit sales, and a 34 per cent fall in vacant land sales over 1th2 e week. 2 3 PROPERTY SALES TOP SELLING SUBURBS

Total properties listed for sale grew over week to 14,896. Listings for houses and units both remained stable.

Whilst listings for vacant HOUSES 418 North of the River
Morley 9 land increased by four per cent. UNITS 72 Bayswater 7

The total number of listings recorded this week are on par with levels seen four weeks ago, but are one per cent lower than levels seen a year ago.

LAND 48 Member Real Facts 22 May 2018 Turning to the rental market, REIWA members reported total properties available for rent fell to 8,324 over the week.

A Brunch Fit For a Queen!

I had a welcome this week that was fit for a queen!

My lovely Brazilian friend and very special client Maria Antonia, who I call Cristina, just came back to re-settle in Perth after 7 years living in Doha with her husband Billy.

I arrived at her home in Mullaloo for a mid-morning coffee and the table was set up for the two of us with a beautiful variety of foods; croissant sandwiches with ham and cheese, organic tuna sandwiches, coffee, orange juice, watermelon and the most sophisticated Brazilian cake. I may have to get the recipe from her and give it a go myself some time. Watch this space!

Besides the delicious selection of foods, the table was decorated with the most amazing plate settings – almost too pretty to use! We had a great chat and a catch up, over this terrific brunch. This lady is filled with and great ideas and is so worldly, due to her expended travelling.

I enjoyed my morning with you very much Cristina.

Thank you!

Happy 7 YUK 0 Birthday!

We, the SINers had a fantastic lunch in Mundaring for my friend’ s 70th Birthday.

It was a full-house, with over 25 of our members attending, each with their own special creation, so we ended up with a fantastic collection of savoury and sweet dishes to choose from.

Marion’s property in the hills also has an extensive kitchen garden, which many of the SINers made a point of checking out – aided by my grandson and two chocolate coloured puppies running riot. A few of the ladies went home with goodies from the garden, and one of our ladies even brewed up some lemongrass tea.
Marion made a delicious cake to celebrate which we all enjoyed, and I really cracked up laughing at the writing on top of the cake. My grandson managed to nab a piece too, but his mum caught him before he made it back for a second. He spent most of the time playing with the cats and following Marion’s husband around.

Meeting all the SINers every month is one of the highlights in my life. I have other highlights too which include dinner with my two grown-up children and their family every Tuesday. These monthly lunches give me dinner ideas too, but we never need dinner the night of the SINers meet, because there are always enough leftovers for everyone to take home.

Happy Birthday Marion. You are one of my most dearest friends and we all enjoy your beautiful crafts that you whole heartedly distribute to all of us.

Location! Location! Location! Free Park!

37 Orient Circuit, Hillarys

Make an offer! Asking price: $775000

Professionally freshly painted walls, ceilings and doors, display presentation facing a park!

Double-storey home, with self-contained living on the ground floor.
The upper-floor master bedroom and ensuite flows seamlessly outside to a private Balcony where you can enjoy views of the tree-lined reserve nearby.

Also upstairs are three minor bedrooms and the second bathroom.
You’re so close to the coast where you can enjoy an enviable lifestyle, including golden beaches, Hillarys Marina, with specialty shops and restaurants and public transport.
The home’s kitchen boasts soft-closing cabinetry, dual stainless-steel sink, dishwasher, oversized cavity for a combined fridge/freezer, gas cooktops, 600ml oven and pantry plus a third toilet of the adjacent laundry.
Reverse-cycle, ducted air-conditioning services upstairs and the living areas downstairs.
The double lock-up garage and low maintenance gardens round-out this wonderful home.

 

 

 

Spacious family home!

31 Coldstream Circuit, Merriwa

Asking price: $339000

Owners moved overseas and this home needs to be sold and is ready for you!

Use a bit of “elbow grease” and change this “plain Jane” into your “castle”

Brand new painting, professionally done.
Brand new carpets professionally laid.
The electrician did his bit and fixed any unsafe wiring. Everything is perfect.
The tree cutter removed a tree that was covering this beauty.
The plumber had a go and the house is “spic and span”
A fantastic 630 square meter corner block with 4 bedrooms and 2 bathrooms, open concept kitchen, meals and family room and there is also another living area which is the formal lounge.

Everything smells fresh, new and “homey” and is great for a family, a first home buyer or investor and totally ready to move in.

Complete with a double lock up garage, security alarm system and a massive backyard for you to enjoy and entertain all close proximity to all amenities and transportation.

This looks good but all it needs is you!

 

 

 

Second Chance! Finance Fallen Over! OFFERS

Call to view!

37 Orient Circuit, Hillarys

While Sellers had painters and cleaners preparing the house to go to market as I am busy working my own database and showing the property to prospective buyers. Almost ready to be photographed.

Double-storey home, with self-contained living on the ground floor.
The upper-floor master bedroom and ensuite flows seamlessly outside to a private Balcony where you can enjoy views of the tree-lined reserve nearby.

Also upstairs are three minor bedrooms and the second bathroom.
You’re so close to the coast where you can enjoy an enviable lifestyle, including golden beaches, Hillarys Marina, with specialty shops and restaurants and public transport.
The home’s kitchen boasts soft-closing cabinetry, dual stainless-steel sink, dishwasher, oversized cavity for a combined fridge/freezer, gas cooktops, 600ml oven and pantry plus a third toilet of the adjacent laundry.
Reverse-cycle, ducted air-conditioning services upstairs and the living areas downstairs.
The double lock-up garage and low maintenance gardens round-out this wonderful home.

Oops! Under Offer already! Didn’t even came to market!

Almost about to come and…..GONE!

37 Orient Circuit, Hillarys

While Sellers had painters and cleaners preparing the house to go to market I was busy working my own database and showing the property to prospective buyers.

It is now Under Contract!

  1. Are you thinking of selling? I am looking for more homes to sell.

Double-storey home, with self-contained living on the ground floor.
The ground-floor master bedroom and ensuite is offset by a gorgeous open-plan living space, which flows seamlessly outside to a private courtyard.
Upstairs are three minor bedrooms and the second bathroom as well as a private balcony where you can enjoy views of the tree-lined reserve nearby.
You’re so close to the coast where you can enjoy an enviable lifestyle, including golden beaches, Hillarys Marina, with specialty shops and restaurants and public transport.
The home’s kitchen boasts soft-closing cabinetry, dual stainless-steel sink, dishwasher, oversized cavity for a combined fridge/freezer, gas cooktops, 600ml oven and pantry plus a third toilet of the adjacent laundry.
Reverse-cycle, ducted air-conditioning services upstairs and the living areas downstairs.
The double lock-up garage and low maintenance gardens round-out this wonderful home.

New GST legislation passes for purchasers of new residential

 

  • New GST

NEW

The Federal Government has passed legislation that will require purchasers of new residential property sales to remit the GST directly to the Australian Taxation Office (ATO) as part of settlement.

Announced as part of last year’s Federal Budget, this reform is designed to improve the integrity of GST on property transactions. According to the ATO website, some developers were failing to remit the GST to the ATO despite having claimed GST credits on their construction costs.

The legislation specifies;

  • purchasers of new residential property transactions will be required to withhold 1/11th of the purchase price and pay this to the ATO,
  • the developer will receive a credit for this GST through the normal GST business activity statement lodgement,
  • a reduced withholding tax rate of seven per cent can be used where the margin scheme has been applied,
  • developers will now be required to provide purchasers with information that assists them with determining whether the withholding applies,
  • special transitional provisions are included for project delivery agreements.

This change will take effect on 1 July 2018, however the Government have announced it will introduce a transitional arrangement to this budget measure, which will exclude contracts signed before 1 July 2018, as long as the transaction settles before 1 July 2020.

For more information about this new legislation, visit ato.gov.au.

First Home open Saturday and Sunday

31 Coldstream Circuit, Merriwa

Owners moved overseas and this home needs to be sold and is ready for you!

Use a bit of “elbow grease” and change this “plain Jane” into your “castle”

Brand new painting, professionally done.
Brand new carpets professionally laid.
The electrician did his bit and fixed any unsafe wiring. Everything is perfect.
The tree cutter removed a tree that was covering this beauty.
The plumber had a go and the house is “spic and span”
A fantastic 630 square meter corner block with 4 bedrooms and 2 bathrooms, open concept kitchen, meals and family room and there is also another living area which is the formal lounge.

Everything smells fresh, new and “homey” and is great for a family, a first home buyer or investor and totally ready to move in.

Complete with a double lock up garage, security alarm system and a massive backyard for you to enjoy and entertain all close proximity to all amenities and transportation.

This looks good but all it needs is you!

First Home Open Saturday and Sunday

37 Orient Circuit, Hillarys
Freshly painted. Tiles throughout for easier maintenance.
So close to the coast, from this family abode you can enjoy some of Perth’s best beaches, the stunning Hillarys Boat Harbour and marina, public transport, shops & restaurants all around you and just opposite a marvellous treed park for the children to enjoy.

This striking double story home offers virtually self-contained living on the ground level, with double auto garage, kitchenette, open plan living/dining flowing onto a private courtyard, Master bedroom with ensuite, 3 minor bedrooms with built-in robes, family bathroom on the upper level.

From your private balcony you can overlook the landscaped tree-lined reserve and soak up those world-famous sunsets.

The kitchen boasts soft closing cabinetry, dual stainless steel sink, dishwasher, oversized cavity for combined fridge freezer, stainless steel appliances, gas cooktop, 600ml oven & walk in pantry

Reverse cycle ducted AC caters for the upper and downstairs levels.

With every creature comfort on hand, good living spaces offering flexible living configurations with great separation between levels, and an outdoor low maintenance courtyard this really is a home with a LOT to offer.

Housing affordability has declined in all states and territories, according to a new report.

New report shows housing affordability has declined in Western AustraliaNEW
12 March 2018

The Real Estate Institute of Australia (REIA) have released the findings of its latest Housing Affordability Report, which found housing affordability declined in Western Australia in the December 2017 quarter.

The national report, which is produced in partnership with Adelaide Bank, showed housing affordability had declined across all states and territories, and rental affordability had declined in every state and territory except for Western Australia and New South Wales.

REIA President Malcolm Gunning said a coordinated and aligned approach by all three levels of Government were needed to address the housing affordability issue.

“We need to address this with some urgency and reform the planning and approval process. We need all tiers of Government involved and implementing change.

“REIA believes a first step in this is the appointment of a Minister of Property Services. This would also recognise the importance of the property sector as a driver of economic growth and employment. Property investment supported by historically low interest rates has been a significant contributor to growth in the Australian economy since 2013-14 as we transition away from a decade-long reliance on mining,” Mr Gunning said.

Housing affordability results for WA
There was a mixed bag of results across WA in the December 2017 quarter, with housing affordability worsening over the quarter but improving when compared to the December 2016 quarter.

The report found the proportion of income required to meet loan repayments increased 1.5 per cent to 23.9 per cent in the three months to December 2017 and declined by 0.3 per cent decline compared to the December 2016 quarter.

First home buyers

The number of first home buyers in WA decreased to 3,996 in the December 2017 quarter, a decrease of 9.8 per cent over the quarter but an increase of 4.9 per cent compared to the same time last year.

Of all Australian first home buyers over the quarter, 12.9 per cent were from WA, while the proportion of first home buyers in the state’s owner-occupier market was 34 per cent.

The average loan to first home buyers increased to $316,067, an increase of 4.1 per cent over the quarter but a decrease of 1.5 per cent compared to the December quarter 2016.

Loans

The total number of loans (excluding refinancing) in WA decreased to 11,744, a decrease of 4.2 per cent over the quarter and a decrease of 2.7 per cent compared to the same time last year.

The average loan size increased to $352,796, an increase of 6.8 per cent over the quarter and 0.5 per cent compared to the December quarter 2016.

Perth rental market

Rental affordability in WA remained stable during the December quarter, with the proportion of family income required to meet the median rent remaining at 16.4 per cent, the same as the previous quarter but a decrease of 1.3 percentage points compared to the year before.

For more information about the WA property market, visit the WA market page.

https://reiwa.com.au/