Seven suburbs from within the Perth region dominated the list of the top 10 most popular suburbs in West Australia among tenants over the past year. Those included in the roster logged lower vacancy rate and higher median rents, according to Real Estate Institute of Western Australia’s (REIWA) data. The report showed, though, that areas […]
Forty-nine per cent of sales occurred below $500,000 in February, according to the latest reiwa.com data. REIWA President Damian Collins said while CoreLogic’s Home Value Index showed prices in Perth had declined 1.5 per cent to $438,952 in February, reiwa.com data shows the composition of sales during the month favoured the lower end of the […]
There’s finally some signs of rental markets improving. Normally at this stage of the property cycle, when house and apartment prices are languishing or falling, rental markets tend to thrive and rents increase. However this time round, in part due to an oversupply apartments in many locations, rents have been holding steady and falling in the […]
You can be blacklisted as a renter without even knowing it. Being put on one of these tenancy databases could mean you’re blocked from renting for years. These databases are run by private companies and accessed by landlords and agents who report so-called “bad tenants”. Many renters are reluctant to share their story for fear […]
At its first meeting for 2019, the RBA decided to keep the official cash rate at 1.5% where it has remained since August 2016. In explaining the RBA’s move today, Governor Philip Lowe says the slowdown in the housing market is having an impact on both buyers and renters. “The housing markets in Sydney and […]
There’s nothing unusual about the current fall in house prices — it’s the third time in the past decade. However as ANZ’s head of Australian economics, David Plank, points out, it is unusual that it hasn’t been higher interest rates putting the brake on things. Indeed, house prices started rolling over early last year, while […]
Foreclosure Another great place to find bargains of this nature is to search through foreclosures, auctions, and homes that are preparing to enter into foreclosure. While not always the case, there are many in these situations that are willing to be a bit more flexible with the price. Never offer full asking price first. Start […]
While many predicted the housing bubble will burst, others were taken by surprise when the market that had left plenty of opportunity in the last few years for profit began to tumble. Certainly, one of the leading events that eventually resulted in the crash of the real estate market is the crumble of the subprime […]
While news of the housing crash is making headlines in most papers and front lining the evening news there still remain a few markets where the crash has not made as much headway. If you live in one of these markets and you have not yet been affected by the real estate market crash, be […]
Generation Rent While real estate investing is a great line of business to get into in order to make copious piles of money there are a few things to consider before jumping into the fray. This is particularly true if you are considering going the route of a rental property owner. There are all kinds […]
