Property Wizards is delighted to be representing Western Australia as a finalist for the 2020 National Buyer’s Agent of the Year Awards for Excellence.
The awards ceremony has been cancelled due to the Covid-19 virus and the winners are due to be announced this week.
Presented by the Real Estate Institute of Australia (REIA),
for Excellence is the pinnacle of recognition within the real estate
profession, indicating that the recipients achieve the highest results for
After hearing for some time about the many new mining jobs up north, it appears things are starting to take off up there. This is welcome news for Perth property buyers and owners.
It’s reflected in the extensive developments taking place up in Karratha. New flights have been laid on, new FIFO camps are being built and housing availability has fallen to 1.5%. These are sure signs of increasing population and demand.
The big money going into new amenities is proof of the confidence that people, money and jobs are returning. New facilities being built include a Hungry Jacks, $20 million Hilton Hotel, $63 million leisure centre, $207 million hospital and a $56 million arts centre.
With $65 billion investment in the next 3-5 years, 25,000 construction jobs and 8,500 ongoing operational jobs being created, confidence is returning, according to the West Australian newspaper.
Knock-on effects are expected to filter down to Perth. These
include more demand for services, population growth, more jobs to administer
the up-north operations and more money circulating in the economy.
It’s only a matter of time before this stimulates the Perth
property market. Indeed, demand has already been rising in some Perth housing
sectors. And all things being equal, property prices should slowly start edging
This is a much-needed trend for Perth homeowners, who have watched their home values and household wealth decline over the last 6 years and for many, the last decade. For Perth property investors and home buyers, waiting to see may mean they struggle to get in and end up getting less for their money.
Property selection remains critical, as well as careful appraisal of prices. When markets are changing many people overpay, after missing out a few times.
At the same time, those who pitch the price too low may lose
out to more clued-up buyers.
Savvy Perth purchasers may do well to consider getting professional help from a good buyer’s agent. One who is out there in the market, exposed to the market movements and drivers in different locations.
If you want to learn more about property investment strategies, or you’d like to clarify your investment strategy and goals, why not complete our Getting Started form to get the ball rolling.
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Property Wizards believes everyone has the right to the knowledge to help you accumulate wealth, no matter your background, education or income.
We can help you unlock the potential of the real estate market for your family through savvy property selection, negotiation on price and conditions, development expertise and the magic of com
Regardless of market conditions, our research, local knowledge, and access to silent sales means we find the ‘hidden gems’ that can outperform the market in capital growth and rental returns for long term wealth creation. Importantly, we’re able to provide property investors and homebuyers with the same level of representation that property sellers have benefited from for years.
Your property portfolio is your path to financial freedom and the lifestyle you’ve been longing for.
Property Wizards takes away the stress of buying a property and saves you money at the same time. We can show you how, or you can sit back and let us do all the hard work for you. It really depends on the amount of time you’d like to put in.
If you have an interest in building your wealth through property, then call us on (08) 9381-7450, or request a FREE Starter Pack.
Property Wizards has been awarded Buyer’s Agent of the Year 2019 at the Real Estate Institute of Western Australia (REIWA) annual Awards for Excellence.
Taking out the top honour in their industry, managing director Liz Sterzel said she was honoured to be recognized by the state’s peak industry body.
“We are thrilled to be acknowledged for the work we’re doing at Property Wizards for our buyer clients,” she said.
“We believe our recipe for success is that we put the buyer’s interests first and continually adapt our buying strategies to the changing property market. This helps our clients tremendously, where they tread a fine line between missing out on a great property and making a disastrous mistake. (more…)
While most Perth property is only just starting to perk up, interest in subdivision and development sites has been building up for the last year. The right sites have a buzz of interested buyers at the home opens.
As an example, a corner triplex site in Greenwood auctioned recently had 9 registered bidders vying for the property in a fierce bidding war. A whopping 61 bids delivered a sale price of $521,000. This was $80,000 over the reserve price! It was by no means a bargain, and there were many hugely disappointed bidders left without a property.(more…)
So, you’ve found the right property. It has everything you’re after and it’s in your price range. The timing is perfect – you’re ready to buy. But, perhaps you’re a little uncertain of how to negotiate your way to the best deal.
Here are 7 insider negotiating strategies to give you the best chance of success and ensure you don’t pay too much. (more…)
If you’ve made the decision to build your new home, you want to tailor it to suit your wants and lifestyle needs. This is where the right builder can help you achieve this, using their trusted expertise and large array of skills.
Here are seven things to consider when searching for the right home builder:
1. Define your wants and needs
First things first, prior to approaching a building firm you need to have in mind the basics of your home. What size, type, and price range will you go for? From here you can begin to delve into the more detailed aspects of home building, like what materials you want to use, the style and design. (more…)
Buyers now understand that it’s important to have expert help when they are buying property, as well as when they are selling, to ensure they get the best deal.
As well, investors are realising buyer’s agents save them precious time and money. While they spend their time where they can earn money – in their profession – buyer’s agents are locating the ideal property for them.
There is also the benefit that a buyer’s agent can save buyers money on the purchase price because they research the property market intimately and so stop them from overpaying.
Buyer’s agents also have the expertise and access to information that can prevent them selecting a property that will under-perform.
We look at how the RBA rate cut and the APRA change to the interest rate buffer might help property buyers and existing owners.
RBA rate cut
Earlier this month the Reserve Bank (RBA) cut the official interest rate. Commonwealth Bank and National Australia Bank passed on the full rate cut of 25 basis points. ANZ and Westpac passed on some of the rate cut and a number of smaller banks have followed.
What does a 25-basis point cut mean in Dollar terms?*
On a $400,000 standard variable loan, a borrower might save around $686 per year.
If it is an interest-only loan, the savings would be around $1,000 per year.
These savings may sound low compared with the loan size and payments but could help pay off your loan sooner. If the saving of $686 was paid into the loan every year instead of keeping it in your pocket, you could pay off your loan a whole two years earlier.
Buyers’ agents have now become a permanent fixture in the Perth real estate market – and it seems investors aren’t the only ones taking up the service. There’s a rapidly growing trend for homebuyers to enlist the help of experts in their search for the family home.
Using a buyer’s agent was once mostly the domain of property investors, but a growing number of owner-occupiers are taking up the trend and with a degree of uncertainty plaguing buyers in today’s market, it’s an area that’s tipped to grow strongly. (more…)