Archive for Rental property

Looking for a rental by the beach?

Looking for for a rental?

This property on the heart of Sorrento, steps away from the beach it will be available for Christmas!

1/14 Padbury Circle in Sorrento is a delightful 2 bedrooms, one bathroom, ne double lock up garage, small courtyard asking $360 a week.

ocean glimpses from the lounge window.

Great home for rent NOW!

$420 per week

194 Craigie Drive, Beldon

Open any day, any time just a phone call to 0416188752

Across from a park, close proximity to all amenities mainly, Schools, transport, shopping and easy access to freeway.

Very clean, floorboards throughout, 3 bedrooms, 1 bathroom, 2 toilets.

Block is flat as a pancake, easy for children to play.

Secure 1 carport but space for 2 more cars.

 

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Perth rental market subdued in June quarter, but annual leasing figures remain strong

Leasing activity in Perth was more subdued in the June quarter than it was in the March quarter, but when compared to the same time in 2016 reiwa.com data shows leasing levels in Perth increased by six per cent.

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 were this time last year.

“All five sub-regions saw lifts in their annual activity levels. The stand out performers were the South East and Central sub-regions, which improved by 10.5 per cent and 6.6 per cent respectively when comparing June quarter 2017 to June quarter 2016,” Mr Groves said.

Despite Perth experiencing a decline in activity on a quarterly basis, there were a number of suburbs throughout the metro area which saw the volume of leased rentals increase over the quarter.

“Huntingdale, Booragoon, Bedford, Aubin Grove and Sorrento saw the biggest improvement in leasing activity in the three months to June 2017,” Mr Groves said.

Median rent price
Perth’s overall median rent price softened in the June quarter, edging back slightly to $350 per week from $360 in the March quarter.

Mr Groves said this was a trend felt across each of the sub-regions, but a number of suburbs had stood out over the quarter, recording increases in their overall median rent price.

“Karrinyup in the Central sub-region was the best performing suburb for rent price, with its overall median lifting to $570 per week for the three months to June.

“Other suburbs to record positive growth to their median rent prices were Booragoon, East Fremantle, Mount Pleasant and Mindarie,” Mr Groves said.

reiwa.com data shows the median house rent price for the three months to June came in at $360 per week, while Perth’s median unit price was recorded at $330 per week.

Average leasing days
It took an average of 52 days for Perth landlords to secure a tenant for their rental in the June quarter.

Mr Groves said the figure recorded for the three months to June was fairly steady on the March quarter, having only increased by one day.

“This stability was felt across all sub-regions, with only minor changes recorded in the average leasing day figure for the June quarter. The North West sub-region was the only sub-region to experience a reduction in the number of days it took to lease a property, while the South East sub-region saw no change,” Mr Groves said.
Transcript from REIWA

First time I ever got involved renovating a property personally. A lot of work but very rewarding.

My husband did most of the work.
My son Merv was a great help removing the wall paper.
Bob Russell my tradesman, good for A to Z jobs, if you know what I mean, did the painting.
Mike helped with all the jobs and redecorating.


The end result is very good.
For lease now at $385 a week
28 Banks Ave, Hillarys
Behind Whitfords Shopping Centre.
Great location. Possible for commercial use too.

Interest rates this Month unchanged. RBA kept it on hold

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Interest rate update from the RBA today

April 4, 2017

The RBA have decided to keep cash rates unchanged today.

april

The REIQ welcomes the RBA decision to leave cash rates on hold at the current historic low of 1.5 per cent.

REIQ CEO Antonia Mercorella said the housing market throughout Queensland, and most of the country, would benefit from continued low rates.

“Our economy in regional Queensland is far from strong and giving people access to affordable loans is a key part in strengthening the housing market, which underpins the broader regional economy,” she said.

Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets have tightened in many countries. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported by higher spending on infrastructure and property construction. This composition of growth and the rapid increase in borrowing mean that the medium-term risks to Chinese growth remain. The improvement in the global economy has contributed to higher commodity prices, which are providing a significant boost to Australia’s national income.

Headline inflation rates have moved higher in most countries, partly reflecting the higher commodity prices. Core inflation remains low. Long-term bond yields are higher than last year, although in a historical context they remain low. Interest rates have increased in the United States and there is no longer an expectation of additional monetary easing in other major economies. Financial markets have been functioning effectively.

The Australian economy is continuing its transition following the end of the mining investment boom. Recent data are consistent with ongoing moderate growth. Most measures of business confidence are at, or above, average and non-mining business investment has risen over the past year. At the same time, some indicators of conditions in the labour market have softened recently. In particular, the unemployment rate has moved a little higher and employment growth is modest. The various forward-looking indicators still point to continued growth in employment over the period ahead. Wage growth remains slow.

The outlook continues to be supported by the low level of interest rates. Lenders have recently announced increases in mortgage rates, particularly those paid by investors. Financial institutions remain in a good position to lend. The depreciation of the exchange rate since 2013 has also assisted the economy in its transition following the mining investment boom. An appreciating exchange rate would complicate this adjustment.

Inflation remains quite low. Headline inflation is expected to pick up over the course of 2017 to be above 2 per cent. The rise in underlying inflation is expected to be a bit more gradual with growth in labour costs remaining subdued.

Conditions in the housing market continue to vary considerably around the country. In some markets, conditions are strong and prices are rising briskly. In other markets, prices are declining. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. Growth in rents is the slowest for two decades.

Growth in household borrowing, largely to purchase housing, continues to outpace growth in household income. By reinforcing strong lending standards, the recently announced supervisory measures should help address the risks associated with high and rising levels of indebtedness. Lenders need to ensure that the serviceability metrics that they use are appropriate for current conditions. A reduced reliance on interest-only housing loans in the Australian market would also be a positive development.

Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

Need a retirement unit at Seacrest Village?

Situated at the end of the Lodge and nothing build on top offering 1 large bedroom, 1 bathroom with shower and a very spacious kitchen, meals and lounge.

Overlooking greenery and having a delightful covered courtyard.
Easy access to Library, Swimming pool and the very popular bowling green.

It is ready for possession.
Asking $235.000
Usually home Opens on the weekend but available during the week by appointment.
I am one phone call away: 0416188752

You can also buy as investment.

Home Open Marathon at the Seacrest Village.

Sunday from 12 to 1pm I will be available at the Lodge in Seacrest Village to take you around to view all the bedsitters priced at $155.000 and all the 1 bedroom units priced at $235.000 and $249.000
They are all delightful units and each offers their own stamp of ownership.
You have to come and put your own stamp to call it “home”.
Seacrest Village is a lifestyle for the ones that are looking to downsize not only in house size but also housework.
Seacrest Village you don’t have to work the garden or the pool. Only your own place but you have all the amenities to enjoy.
You can also buy today, rent it out and keep for your future retirement.

Perth’s median house price increases again

Perth’s median house price increased by nearly two per cent in the three months to December 2016.

REIWA President Hayden Groves said reiwa.com data showed the median house price had lifted 1.9 per cent to $535,000 over the three month period.

“This is the second month in a row that we’ve seen an increase in the median house price, which is a welcome trend and suggests that the trade-up sector of the market is recovering.

“Since the second half of 2016, we’ve seen prices across the metro area start to lift on a monthly basis. If you’re a buyer waiting for the ‘bottom of the market’, you would be wise to make a buying decision soon should this trend continue.

“The benefit of buying now is that there is currently less competition from other buyers, so you’re more likely to find a home or investment property that genuinely meets your needs,” Mr Groves said.

Listings for sale in Perth experienced an 11 per cent decline in December, with 13,883 listings recorded in the metro area.

“It’s not unusual for listing volumes to drop off in December as the market tends to be quieter over the festive period. More significantly though, listings in December 2016 were three per cent lower than in December 2015 which is a good indication that we’ve seen supply peak,” Mr Groves said.

Perth rental market
In line with seasonal trends, leasing activity in Perth’s rental market moderated slightly in December, dropping back two per cent over the month. However, when compared to December 2015, activity has escalated by a noteworthy 27 per cent.

“We expect to see a slowdown in leasing activity across the month as people prepare for the holidays, so a two per cent drop isn’t a concern. The hike in the number of properties leased on an annual basis however is very pleasing and there’s been a significant increase compared to the same time in December 2015.

“Despite listings for rent remaining above the long term average, tenants are still very active in the market and recognise they have good choice to secure a home at a competitive price,” Mr Groves said.

Another positive sign for the Perth rental market is that the median house and unit prices remained steady over the three months to December 2016, holding at $380 and $340 per week respectively.

For more information about your local property market, visit the WA market section.

3 more people that I am dependent on.

 

Doug Henderson is a SUPERB electrician!

I confess that when Ken Gimm told me that he was retiring I was devastated! How would I ever be able to find another electrician like him?

Surprisingly, I did! My favourite hairdresser Sallie, from Indigo Hair Design,  introduced me to her husband Doug, an electrician by trade.

I had the pleasure of using Doug’s services in my own home, as an exhaust fan had malfunctioned, and so I became another of his many satisfied customers. I have since passed on his details to a lot of my clients, who have joined the satisfied ranks.

Do you need an electrician? Call Doug!

Plumber? Well, Murphy and Sons are the people to call for!

My husband says that he has to claim the Murphy’s on income tax as our dependants because we’ve used them so many times for our properties. He makes a joke of it.

They are reliable, professional and I can count on them 100%.

You can too. Call Kevin or Gerard, they are my number ONE choice!

Sallie Henderson is not a tradesperson but she is the best Hair Designer!

I usually do my hair every weekend so I am well-groomed for my home opens to go meet people.

I have sent a lot of people to Sallie and everyone goes back to her just like me.

One of my friends recently moved to Sydney and wanted to take Sallie with her.

She even does your hair on Sunday if you need to or meet a client at 6AM if they ask you to!

She is tireless! She cuts men’s hair also.

Sallie did my daughter’s wedding hair and bridesmaids . So she can do weddings and all kinds of events.

Indigo Hair Design is the place to go.

 

Large family home for rental In Merriwa

Call to view this large 4 bedrooms, 2 bathrooms, open concept kitchen, meals and family room.

Formal lounge and formal dining room

Double lock up garage.

Masdive backyard with generous shed for tradesman or for storage.

Freshly painted.

Air conditioning throughout.

Corner block, plenty of parking space

internal1 internal2 shed2

Wonderfully located and behind security gates

142A Huntriss Road Doubleview. Asking:$450 p/week

Located behind a set of double timber gates is this lovely neat and tidy 3 x 2 rear free-standing duplex. Offering security and privacy to its lucky new tenants, located central to everything, coast, city …
Open plan kitchen/family/meals, well-appointed kitchen with Stainless Steel gas cooktop and extractor, wall mounted oven and a 2 drawer dishwasher. The master bedroom has a walk in robe and renovated ensuite, 2 minor bedrooms with built-in robes, and a renovated family bathroom, 2 WC’s, ducted air-conditioning, gas bayonet for heating, double carport and artificial lawn to the rear garden.

Don’t wait, contact us now as this property will not last very long at all.
Call Alan Rance to view:0434 671 447