Category: Purchasing A Property

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…)

Are you new to real estate? Do you want to know some practical ways on how to get started? In this article, you will learn what you need to know about property investment, straight from the experts who have been in the business for years.

Getting started in property investing can be confusing and costly if mistakes are made, but with careful planning and first-class market information, kick-starting your financial future can be a breeze! (more…)

Homebuyers and investors waiting for proof the market has bottomed out may want to re-think their strategy.

The practice of sitting back and waiting for confirmation the market has definitely bottomed out could be a costly move. Continue Reading…

As we announced recently, Property Wizards has launched its finance brokerage arm – so we can now offer property buying and finance services under one roof.

The move was fuelled by our customers’ demand for quality financing:

“Throughout our property buying process so many of our clients ask for help with their finance. They want a smooth process where their property and finance is all taken care of without any hassles, and with a single point of contact. So it made sense to us to extend our service offer to include finance.” – Liz Sterzel, Property Wizards director. Continue Reading…

Property Wizards represented a client at auction over the weekend and achieved a fantastic outcome – securing them a beautiful home in the Perth hills.

The property was secured at $25,000 below the bank’s reserve using auction techniques and skills to ensure bids did not reach any higher than they had to and through skilled post-auction negotiation. Here’s how… (more…)

If you’re just starting out in property investment and you’re not sure which investment strategy is right for you, it’s worth exploring the differences between yield and capital growth.

Understanding the differences can help you work out which strategy is right for you, and therefore the type of property you should be looking for. (more…)

This International Women’s Day, we thought we’d celebrate female empowerment by taking a look at female property investors.

An article last year, Single girls top guys in homeownership stakes, revealed that according to the Australian Bureau of Statistics, single women’s ownership of property is higher than that of single men.

It also showed that despite the oft-documented gender pay gap, in the property sector, some women are outperforming men. (more…)

When you think about property investing, a lot of people immediately think of residential property.

But there are also opportunities to generate wealth from commercial property investment, so long as you understand the key differences between commercial and residential investment markets.

While many investors understand residential property because they may have bought and sold homes themselves, commercial property is more complex. The factors that drive the success are different and the things to consider when choosing your purchase are different.

And before you start, you need to get a few things in order:

• Pre-determine a budget
• Consult with your finance broker
• Check with your accountant if you need to register for GST
• Decide what entity you will hold the property in

Property Wizards director Liz Sterzel shares her tips for achieving success in commercial investing – for those crossing over from residential or those just starting out: (more…)

“It’s a buyer’s market!” you probably keep hearing. Perth’s current property market is a buyer’s market! The time to buy is now!

To dig a little further and find out if it really is a buyer’s market, and what this means for investors, we asked Property Wizards director Liz Sterzel what she thought. (more…)

Whether you’re just starting out in property investment or you’re a seasoned pro, you’d be familiar with the term, median house prices, and have probably spent countless hours scouring newspaper articles and real estate data trying to digest and distil them.

But what do they really tell you and what else do you need to know to make sense of them?

Well, we thought we’d break it down for you. We asked Property Wizards Buyer’s Agency director Trevor Dunkley for his insights on median house prices. (more…)

Want to know how to pinpoint the next real estate hot spot? Of course you do. That is a question we get asked all the time here at Property Wizards.

So we thought we’d save you some time, and go straight to director Liz Sterzel for her thoughts.

Many people want to invest their money in property, but choosing a suburb that offers maximum growth can be a daunting and confusing experience. So how do you isolate great growth areas?

Here’s what Liz says: (more…)

As people have become more aware of the workings of the real estate industry, many buyers now recognise the need for representation.

Just as you might engage a lawyer, a doctor, an accountant to address specific legal, health, financial aspects of your life, it makes sense to engage a professional buyer’s agent if you’re considering buying property.

And, if you are considering buying a house or apartment, the seller is likely to have an agent on their side, so why not have a professional on yours.

Whether you’re just starting out, or even if you’re a pretty savvy property investor, you’re probably asking, “but what can a buyer’s agent do that you can’t do yourself?” (more…)

Thinking about buying your first home? Taking advantage of Perth’s current property market and the Federal Government’s First Home Owner’s Grant (FHOG) is a great place to start. But do you understand all there is to know about it?

Following the state government’s announcement of a boost to the first home owner’s grant, we thought we’d break it down for you. (more…)

A new year often inspires a time to reflect – on your personal goals, health goals, financial goals. They’re called New Year’s resolutions for a reason. Have you made any?

If property investment has made your resolutions list or is part of your 2017 financial goals, now is a very good time in the Perth market. And if it hasn’t, perhaps it should!

If you’ve been umming and aahing about buying an investment property, now is a great time to make it happen. (more…)

You know the old saying: “Don’t judge a book by its cover.” Many investors place too much emphasis on looking rich rather than becoming rich, and make the mistake of buying properties based on cosmetic appeal instead of their capital growth potential.

Buying a property just because it’s pretty could mean you end up with an under-performing investment.

Our go-to tips for weighing up aesthetic appeal versus potential capital growth include: (more…)