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Good but to the work force! Hello Retirement!

It’s hard to start this. Goodbyes were never my favourite and now I have really pulled the plug on my biggest passion in life: Real Estate.

I will still be buying and selling Real Estate but as an owner, of course. I love Real Estate and I think “brick and mortar” investments are the best that you can make in life.Thank you to all of you who were my clients. It was a pleasure to (wheel and) deal with you all. Thanks to all of you I am able to live a comfortable life in my retirement. After all my hard work – I won’t tell you over how many years! – I feel I truly deserve it.

Retirement means being free to look after my grandchild (and the one that’s on the way, although more would be welcome too!), to travel, which has been my passion on the leisure side of life. This this one thing I am not retiring from as yet, and being free to do NOTHING, which is something that I like to do on occasion.

I have joined a craft group, I am dedicated to looking after my investments, I am cycling 20kms a day, having been walking 5kms a day for the last 39 years, and I’m feeling totally comfortable in my new existence.

No stress or  losing sleep over a house not selling or a deal going sour,

It’s been a real change for me. And for my family, who have only ever known me as a ‘working woman’ Well, this worker is ready to let go, and is embracing retirement fully. Mostly.

Guess what? I still want to help you to look for the right agent to sell your home. Or to help you to look for a house or advise your children on choosing their first home. Let me know if you need me.

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The biggest morning tea ever!

  1. Re: Emerald Park Craft Group Supporter ID: 569360
Emerald Park Craft Group is again hosting Australia’s Biggest Morning Tea in aid of the  Cancer Foundation on Thursday 23 May 2019 at 9:30 AM.
We are approaching you to request donation of any item that it will be  raffled by us on the day.
Over the years we have raised $23,000 thanks to my the generous contributions, handmade and non perishable items, vouchers raffled at the morning tea.
Yours faithfully
Alycee Barrett
 Emerald Park Craft Group Inc member
Mobile: 0416188752

Leasing activity up nine per cent in March quarter

Info@reiwa.com.auPerth tenants were active during the March 2019 quarter, with reiwa.com data showing leasing volumes surged nine per cent in the first three months of the year.

REIWA President Damian Collins said the Perth rental market continued to improve, with landlords now the beneficiary of the current market.

“Almost all key market indicators showed improvement during the March quarter, causing the Perth vacancy rate to decline to 2.5 per cent. This is the lowest quarterly vacancy rate we’ve seen since the March 2013 quarter, putting the Perth rental market in favour of landlords,” Mr Collins said.

Median rent

Perth’s overall median rent price held at $350 per week for a ninth consecutive quarter.

“Although overall rents are stable on both a quarterly and annual basis, the median house ($360 per week) and unit ($330 per week) rents are both up $10 per week compared to the March 2018 quarter,” Mr Collins said.

“reiwa.com analysis also shows there were more units leased this quarter than last, which suggests the composition of leased stock is impacting price movement in the overall market,” Mr Collins said.

Despite the overall median rent being stable, 29 per cent of suburbs in the Perth region saw an increase in rents during the quarter, while 36 per cent of suburbs recorded increases over the last year.

“The suburbs to record the biggest growth in median rent price during the quarter were Subiaco, Inglewood, Safety Bay, Wannanup and Embleton, while annually the suburbs to record the biggest increase in rent (percentage wise) were Shenton Park, Attadale, Wembley Downs, Embleton and Dudley Park,” Mr Collins said.

“If rental market conditions continue on its current upward trajectory, which we expect it to, it’s only a matter of time before we start to see Perth’s overall median rent rise.”

Leasing activity

There were 14,003 properties leased in Perth during the March 2019 quarter, up from 12,870 in the December 2018 quarter.

“reiwa.com analysis shows 42 per cent of suburbs in the Perth region saw a spike in leasing volumes during the quarter, with Kingsley, Swanbourne, Pearsall, Queens Park and Dalkeith recording the most significant growth in activity levels,” Mr Collins said.

Other suburbs to perform well during the quarter were Mosman Park, Falcon, Floreat, Carramar and Stirling.

“Seven of the 10 suburbs that saw the biggest increase in leasing activity had a median rent price above the overall Perth rent of $350, with four of those 10 located in the Western Suburbs, suggesting there is particularly strong demand for rentals in Perth’s more affluent suburbs,” Mr Collins said.

Listings for rent

There were 6,738 properties for rent in Perth at the end of the March quarter.

‘This figure is two per cent lower than the December 2018 quarter and a substantial 25 per cent lower than the March 2018 quarter,” Mr Collins said.

“We’ve seen a significant decline in rental listings over the last 12 months, which has played a key role in the rental market transitioning in favour of landlords. With less stock available and increased activity, there is more competition amongst tenants to secure their preferred rental.”

Average leasing days

It took Perth landlords an average of 42 days to find a tenant for their rental property during the March quarter.

“This is two days quicker than the December quarter and five days quicker than last year’s March quarter,” Mr Collins said.

“We’ve seen a significant improvement in average leasing times over the last couple of years, since peaking in June 2017 at 57 days. Average leasing times are now the lowest they’ve been since March 2015, which is great news for landlords and illustrates that tenants need to act faster to ensure they don’t miss out.”

View more WA market information.

Rate of Perth housing decline slows in March

  • Forty-five per cent of Perth suburbs with statistically significant activity* saw stable or increased median house price movement during March, according to the latest reiwa.com data.

REIWA President Damian Collins said although CoreLogic’s latest home value index shows Perth dwelling values declined 0.4 per cent in March, there were numerous suburbs that had held up well or improved during the month.

“While dwelling values declined again in March, the rate of decline has slowed to the lowest level recorded since June 2018, which is a positive indication that prices in Perth may be approaching the bottom.

“reiwa.com data shows there were numerous suburbs that saw their median house price buck the declining trends, with 30 per cent of those statistically significant suburbs experiencing an increase in price and 15 per cent remaining stable, which is a positive trend in the current real estate environment,” Mr Collins said.

The 10 best performing suburbs for median house price growth in March were Mullaloo, Wannanup, Lesmurdie, Alkimos, Karrinyup, Yanchep, Rivervale, Mount Pleasant, The Vines and Warnbro.

“Although the Perth residential sales market remains subdued, the data for March shows some signs that price values may be starting to strengthen in some areas after a prolonged period of declines,” Mr Collins said.

Rental market

Perth’s rental market continues to gain momentum, with 82 per cent of Perth suburbs recording either stable or increased median rent prices, where there were enough statistically significant transactions during the period.

“While Perth’s overall median rent price remains at $350, we are seeing an increasing number of suburbs record upward movement in prices, which is a welcome development for Perth landlords and suggests it’s only a matter of time before Perth’s overall median rent starts to climb,” Mr Collins said.

The 10 suburbs to record the biggest increase in median rent price during the month were North Perth, East Perth, Perth, Dudley Park, Cloverdale, Meadow Springs, Padbury, Kardinya, Lakelands and Port Kennedy.

“Of those 10 suburbs, North Perth, East Perth and Perth saw the most notable improvement in price, with their medians lifting by $20, $20 and $18 respectively, a substantial increase on February and a testament to the increasing demand from tenants,” Mr Collins said.

“Perth’s vacancy rate is currently the lowest it’s been in six years at 2.3 per cent, with declining stock levels and increased tenant demand pushing the market in favour of landlords. This shows no signs of abating any time soon, and we’re confident that it’s simply a matter of ‘when’ not ‘if’ Perth’s overall median rent price will increase this year.”

*Filtered for suburbs with seven or more sales or leased properties during each comparable period.

Another Birthday? NO! YUK! – copy

  • Buy lots of gold to celebrate or commemorate! He!He!He!
  • My birthday is really on August 14th but because my documentation says January 14th I am getting all these lovely birthday wishes but I have to save them for another 6 months. I was born in a reeeeeeeeeally small town in Minas Gerais. A place called Pedra Corrida, which may not even be on a map these days. This town had no registry office. After my father died my mother remembered I hadn’t been registered so the next time someone made a trip to town she asked them to register my birth.
This wasn’t as simple as hopping in a car and driving for an hour. Back then it was still mostly horses and carriages, and occasionally people travelled by train. They remembered the date, but not the month and put down January, making me a whole 6 months younger, yippee! The registry office at the time said it was good enough, and that’s why I feel I have two birthdays with all of these well wishes coming in.
When I was younger I did 2 birthdays party and sometimes I invited the same friend in 2 parties and the friend would come to me and say: it is funny but I remember I came for your birthday not too long ago…
Oops!
I haven’t decided which country I will be spending my birthday this year yet. Hopefully somewhere new and exciting! I’m planning on going to Brazil for an extended stay with family in May and will come back in August – the plan is to stop somewhere exotic for my birthday on the way home.
Family and friends wish me happy birthday and make a fuss, spend their money on presents which is great and sweet, but then I really “know” I had “another” birthday, which at my age I’d actually like to forget.
Places I have spent my birthdays:
Brazil
Canada
Australia
Thailand
Hong Kong
Dubai
Italy
Iran
Kenya
Malta
Austria
USA
Germany
Indonesia
Greece
Denmark
Spain
England
Vietnam
New Zealand
China
Nedlands
Chile
Switzerland
Zambia
South Africa
Argentina
Luxemburg
Brussels
Fiji
France
Phillipines
Singapore
Jordan
Portugal
Japan
and others that I cannot remember (and that is probably the age factor lol).
Any suggestions for where to celebrate (commiserate?) next?

Out with the Old and in with the New

So I wrote previously about my cycling encounter with a teenager on his bike. Crash!
My own bike was rather the worse for wear. A total write off in fact! And yet people who see me riding have been confused because it looks in better shape than ever.
I’ll let you know my secret – this is a new bike! But it’s exactly the same model and colour as the old one, which will have to be used for parts. Thankfully the bike was in worse shape than me. New parts for people aren’t quite as easy to come across.
I thought about waiting until Christmas to get a new bike, but I was anxious to continue my cycling. Finally, I found something that makes me want to get up and go do it – and I had to stop to rest my shoulder.
Sorry family, you’ll have to think of a different gift idea this year. I’ve got it covered!

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.

 

 

 

Perth property market begins its recovery in December quarter

Perth property market begins its recovery in December quarterNEW
06 February 2018

The Perth property market ended 2017 on a positive note, with December quarter data showing improvements in median prices, sales activity, listing levels and average selling days.

REIWA President Hayden Groves said it boded well for Perth that all key indicators had improved over the quarter.

“The Perth market found its floor and stabilised in the back half of 2017. We now appear to be entering a recovery phase, though REIWA remains cautious about expectations of rapid growth in the next 12 months,” Mr Groves said.

Median house and unit price
Perth’s preliminary median house price increased 1.2 per cent to $516,000 in the December quarter 2017.

“Once all sales have settled, we expect the final December quarter median to lift to $520,000, which is a notable improvement on the September quarter median of $510,000.

“On an annual basis, the Perth market is very stable. We’ve observed consistent price levels between the December 2016 and 2017 quarters which is a strong signifier the market has turned a corner,” Mr Groves said.

Perth’s median unit price is $405,000 for the December 2017 quarter which is a 1.3 per cent increase on the September quarter.

“It’s encouraging to see Perth’s house and unit medians increase over the quarter because it suggests one sector hasn’t recovered at the expense of the other,” Mr Groves said.

Sales activity
There were 4,946 dwelling sales in Perth in the December quarter.

Mr Groves said this figure was expected to lift to 6,700 once all sales had settled, putting it significantly above the September quarter sales figure.

“Traditionally, the September quarter outperforms the December quarter, but that wasn’t the case in 2017. The December quarter is on track to record 14 per cent more sales than the September quarter,” Mr Groves said.

REIWA analysis shows the composition of sales shifted in the December quarter in Perth, with more transactions occurring above $700,000.

“We’ve observed a surge of activity in Perth’s aspirational suburbs, with buyers recognising there is good opportunity to secure a home in these areas which might have previously been considered unattainable by many,” Mr Groves said.

“This spike in sales above $700,000 has also contributed to Perth’s median house price increasing over the quarter.”

Listings for sale
There were 13,088 properties for sale in Perth at the end of the December quarter.

Mr Groves said this was on par with the September quarter figure and six per cent less than the December 2016 quarter figure.

“There were 800 fewer listings in Perth at the end of 2017 than there was in 2016 and some 1,300 less than there were at the same time 2015. We have consistently seen stock levels decline over the last two years as the market trends towards parity,” Mr Groves said.

“Declining listing levels combined with notable improvements in sales activity has helped restore net-demand. With buyer activity increasing, stock levels are being absorbed faster,” Mr Groves said.

Average selling days
It was 10 days faster to sell in the December quarter than it was in the September quarter, with it taking on average 60 days to secure a sale.

It’s been two years since it was this quick to sell in Perth. The combination of sellers’ preparedness to meet the market and buyer appetite for well-priced property has significantly shortened days-on-market,” Mr Groves said.

View more WA market information

https://reiwa.com.au/about-us/news/perth-property-market-begins-its-recovery-in-december-quarter/

Most special welcome on my visit to Sydney

On my recent trip to Sydney I was picked up by my nephew Michele who took me to his flat to meet his partner Pearl. She is a most lovely young lady with good financial sense, and she and Michele plan to buy their own place.

We spent a bit of time talking about Real Estate in Sydney.
*more information about the real estate situation in Sydney? Read the second article of this newsletter.

They both took me to this lovely restaurant La Grappa, situated in “Little Italy” in Leichhardt. We had a fantastic dinner! That night at La Grappa was my first night of adventure in Sydney. They made my stay in Sydney most special.

Michele is one of 3 children of Joanna, my sister in law and Stefano, her husband, who split time between their current home in central Madrid, and their previous home in Lazio, Italy.

Michele’s parents are the most loving people, and I not only admire them, but their three beautiful children too. Michele in Sydney, Beatrice in Madrid and Pierfrancesco in Italy.

Looking forward to return the favour to Michele and Pearl.
See you here at Christmas!

Changes in Real Estate concerning Sellers for properties over $750.000,00

As from July 1, 2017 the changes to this legislation will apply to contracts entered into on or after 1 July 2017 for real property disposals where the contract price is $750,000 or more. Contracts entered into prior to July 1 are exempt
The following matters should be noted:
1. Rules will apply to sales at $750,000 and above.
2. The Buyer has an obligation to deduct 12.50% withholding tax on the sale price unless the seller can supply a FOREIGN RESIDENT CAPITAL GAINS WITHHOLDING CLEARANCE CERTIFICATE.
3. If it is partnership selling the property then all the partners must apply for a clearance certificate in their own name.
4. If it is a trust or superannuation fund selling the property then the trustees must apply for the clearance certificate in the Trustees’ name. 5. Clearance certificates once granted only are valid for a twelve month period What makes this requirement confusing as the name given to these certificates, because it is in fact Australian residents who need to apply for the clearance certificate so that tax is not deducted at the time of sale.
It is imperative that you give this advise to all your Sellers.

It is best to have the Sellers acknowledge this requirement has been brought to their attention and if they wish to obtain further information they should address their enquiries to the Australian Taxation Office.
Nevertheless we should ensure that we have informed the Seller/s of the ATO requirement.

Furthermore all the Agents have an obligation to bring this requirement to the attention of a Buyer.
All the Agencies should have the appropriate forms to inform Sellers and Buyers

It is Gold. No. It is Red. It is my old car shinning like new


After a day…Spirit Graphics sent Jason Evans to remove the wrap wonderfully!