Category: Perth Property News

2021 BUYER’S AGENTS OF THE YEAR

We are excited and very proud to announce that for the 3rd year running Liz Sterzel of Property Wizards has won the top accolade in their field, winning the Real Estate Institute of Western Australia (REIWA) annual Awards for Excellence!

 
Taking out the hat trick win as 2021 Buyer’s Agent of the Year is an absolute honour, especially to be recognised 3-years running by the state’s peak industry body.

At Property Wizards we do not accept anything but the very best of ourselves when it comes to serving you, and we work tirelessly to deliver on what we promise — exceptional property buying experiences that deliver enduring value.
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WA FIFO jobs to fuel Perth property market

West Australian FIFO jobs are set to fuel the Perth property market as the mining giants give the local jobs to locals and those relocating to WA.

BHP has just announced it will preference West Aussies for jobs and require interstate workers to permanently relocate to WA for the duration of the job.

This is good news for Perth on several fronts. (more…)

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Perth set for a property market boom (expert forecaster)

Expert property forecaster Terry Ryder predicts Perth is set for a property market boom.  If you’re wondering whether it’s time to buy Perth property, Mr Ryder puts forward some compelling reasons.

Ryder says the forces “building a perfect storm for the next Perth up-cycle” include

  • Active first-home buyers
  • Low interest rates
  • Ultra-low vacancy rates
  • Upward pressure on rents

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New $25,000 Homebuilder handout making home ownership possible for Aussie families

A dream gift of $25,000 making home ownership possible for thousands of Australian families was announced today through the government’s new HomeBuilder scheme. Those who qualify stand to receive the handout towards their new home construction or renovation.

The program is designed to help builders, tradies and the construction industry withstand the fallout from Covid-19 and give a helping hand to people buying or improving their home.

Prime Minister Scott Morrison said it is for keeping the dream of building alive.

“Twenty-five thousand dollars to support those Australians whose dream it was to build their home or to do that big renovation,” Mr Morrison said. (more…)

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Fast Recovery for Perth Real Estate

Sold SignPerth real estate has made a fast recovery from the April slowdown, where people were staying home, not sure where things were going and “waiting to see”.

As with so many uncertain periods, many tend to put off making decisions until they get a picture of what might be the way forward.

Well, Perth buyers have come out with their conclusion that it’s OK to take a few steps forward and resume where they left off before the Covid-19 stay-at-home. (more…)

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Perth House Prices Stable Despite Covid-19

Cottesloe-beach

House prices remained stable over April and selling agents are reporting renewed interest in the form of more phone enquiries and viewings, giving us a promising start to May.

This boost in the spirits of West Australians comes about from the lifting of restrictions and good performance in containing the Covid-19 spread, but we are a long way off returning to normal.

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Perth Property Market Update | Covid-19

Perth Property Market skyline

Before Covid-19 hit, the Perth property market was at the beginning of a rebound, with pent up demand and renewed optimism starting to fuel prices.

This was confirmed by CoreLogic’s Hedonic Home Value Index, with Perth house values up 0.5% for March and 0.9% for the quarter.

But since the coronavirus crisis, the resurgence is on hold, with a decline in active buyers in the market and no upward pressure on prices. (more…)

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Liz Sterzel Wins National Top Buyer’s Agent Award

Property Wizards’ Liz Sterzel has been honoured with the highest accolade in Australian real estate after being recognised as the country’s premier buyer’s agent.

Ms Sterzel was named Australia’s Buyer’s Agent of the Year in the Real Estate Institute of Australia’s (REIA) National Awards for Excellence.

Announcing the winners, REIA President Adrian Kelly said the national Awards recognise the best of the best in Australian real estate. (more…)

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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.

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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…)

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HOMEBUYERS FOLLOWING INVESTOR FOOTSTEPS

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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Who are the Winners in the The Federal Budget?

The 2019 Federal Budget was announced last Tuesday – so who are the winners, you might ask?

Low- and middle-income earners are one of the winners from the 2019 Federal Budget. If you fall into this category you will receive personal tax cuts, for singles this is a maximum of $1,080 or couples a maximum of $2,160.

From a business perspective, small- and medium-size businesses received a positive outcome from the budget with the instant asset write off being increased to $30,000. This will benefit an additional 22,000 businesses.

For everyday Australian commuters, the budget announced $15 billion to be used for new roads and rail projects to help with congestion issues on our roads. Not only is this good for jobs and ease of travel, it is important for property investors who could benefit from investing near the right projects, such as the under-construction airport link. (more…)

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Negative Gearing: To Wait or Not to Wait

Negative gearing is set to be removed in January 2020 if Labor wins, except on new properties. So, where does that leave us? Do we jump in now or wait until after the proposed changes?

A study by experts released last week predicts the likely effect of the change on property sales and rentals and this could help investors make the right decision.

If the experts, SQM Research, are right, what does that mean? Do you take the plunge now or do you wait? Let’s take a look at Perth and try to figure this out. (more…)

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Waiting for Proof the Perth Market has Bottomed (You may want to rethink your strategy)

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…

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What the Federal Budget means for Perth investors

Looking at the Federal Budget
We’ve had a month now to digest the Federal Government’s May 9th Budget release and the impacts its measures will have on the real estate industry. Housing affordability was an important feature of this budget, with several implications for first home buyers and investors. No matter what your interest in property, we’ve outlined the key measures here. Continue Reading…

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