Property Wizards in Running for Award for Excellence

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), the Awards for Excellence is the pinnacle of recognition within the real estate profession, indicating that the recipients achieve the highest results for their clients.


Karratha Developments to Boost Perth Property Confidence

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 up.

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.


If you’re ready to invest and you’ve got any questions about finance, call us for a free Financial Health Check: 08·9381·7450 or download our Finance Services information.

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.

And, if you’re already contemplating how to tackle the property market in Perth, why not download our free Get Ready to Invest in Property eBook here.

We trust you’ll find it invaluable.

Property Wizards Honoured with Top Buyer’s Agent Award

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…)

What Subdivision And Development Buyers Are Snatching Up (And How You Can Too)

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…)

Hot Property – CORNER TRIPLEX SITE (for 3 street-front homes) $500,000’s

Today, we’d like to share a stunning development property a CORNER TRIPLEX SITE.

Corner development sites are hard to come by. The right one is like gold because you can subdivide into STREET-FRONT LOTS without a driveway to the back.

This one ticks all the boxes and that’s why the weekend home open was totally swamped with buyers, mostly developers! (more…)

7 Killer Negotiating Tactics to Beat Your Competition Without Overpaying for Your Property in 2019


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…)

Choosing the right builder

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…)

It’s Christmas in July!

gifts4a-600x250.pngMortgage borrowers just received two Christmas in July gifts, with the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) both announcing reductions in rates .

What are these gifts and how do they affect you?

Gift 1: APRA are reducing servicing rates!

  • What are servicing rates?
  • Servicing is the calculation the bank uses to determine how much you can afford to borrow. With APRA reducing the benchmark rate affordability will improve.
  • Stay tuned as we expect the banks to roll out the changes in the coming weeks and we will be able to update and help you accordingly.


Off-Market WARWICK Hot Property. HUGE Potential Profits!!!

Today, we’d like to share a terrific development property with potential to make $220,000*.

It comes with concept DESIGNS DONE for 3 street-front, 3×2 north-facing, hi-spec homes with double garage, and a BUILDER itching to get the designs approved and make you some money.

Total development cost $1.25 million* including $500,000 property price.


Selecting a property with development potential

Property Development Selection TipsKnowing how to secure a property with superior development potential can be difficult, especially if you are just starting out.

Top tips to ensure successful developing include: (more…)

Why Buyer’s Agents are on the Increase (Case Study)

In recent years, the popularity of professional buyer’s agents has soared in Perth and across the country.

More and more investors and home buyers in the information age, are becoming increasingly savvy and demanding the services of professional buyer’s agents to work on their behalf.

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.


Are You Suffering from Rate Envy?

Have you seen a few banks lowering their interest rates further than your current bank?

With several banks dropping rates after the RBA cut, you may be thinking why hasn’t your lender passed on the rate cut?

Should you be racing out to change lenders?

Our advice:

  • Wait a little longer to see how all the lenders pan out in terms of rate changes.
  • Look more deeply into the actual rate you are paying. Your rate is often dependent on the discount the lender has given you off the standard variable.



Will the RBA and APRA Changes Kick-Start the Perth Market? (Tips)

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.



Hot Property: 4 Reasons to Act Now

Four Reasons to Act Now and Secure One the Few Chances Left to Have it All

It’s not too late for investors and the last 3 homebuyers to secure a unit at Spearwood Quarter, 326 Rockingham Road, Spearwood!

For investors, have you been looking for a low-maintenance unit that is easy to rent, secure and is already delivering the return you’ve been waiting for?

For home buyers, would you like to live a short stroll from local cafés, shops and a buzzing community all year round?

Are you a single professional who values convenience and security more than spare bedrooms you will only fill with junk?



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…)

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Awards and Recognitions