Two of the more common questions REIWA agents get asked in relation to the buying and selling process are: what happens when there are multiple offers on a property and what is the 48 hour clause?
Let’s look at these separately.
First, when a seller finds themselves in the envious position of having more than one offer on their property for sale, there is no right or wrong procedure in terms of … Read the full post »
REIWA has reported recently that housing affordability has improved over the last year and that median rents have climbed by 12 per cent.
So, for many people renting a question they are asking themselves is, “Would we be better off to buy?”
Current data show the median purchase price for first home buyers is around $420,000 while metropolitan rents are around $470 per week.
Not everyone is in a position to borrow and … Read the full post »
If you are renting a residential property the landowner will require the tenants on the lease to pay a security bond which is usually the equivalent of four weeks’ rent.
The purpose behind the bond is to provide the land owner with the means to cover any losses that might be caused by the tenants, including damage … Read the full post »
Current investor activity in Perth’s residential sector is relatively weak. Despite interest rates being very low and rental yields being around 5 per cent, investors still find the entry costs to Perth property significant.
Particularly against the backdrop of a relaxed vacancy rate and its potential to soften median rents in coming months.
Investor activity in the market is important because around 80 per cent of rental accommodation is provided by the … Read the full post »
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