Category: Property Investment

WA FIFO jobs to fuel Perth property market

Mining-cropped

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)

Perth-set-for-property-boom

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

(more…)

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Seven reasons why you need a buyer’s agent

These days, more and more buyers are utilising the skills of a buyer’s agent to help them buy their next home or investment property.   

So, when do you need a buyer’s agent and why? Here are seven signs you’re a buyer that should use the help of a buyer’s agent to make your purchase a success.

1. You’re a time poor professional

Many West Aussies struggle to maintain a healthy work/life balance at the best of times, so when searching for your next home, the last thing you want to do is spend hours scouring the internet to learn the current real estate lingo and make sure you are completely across property trends. (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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Wembley Child Care Centre Development on Track

Progress is moving along at a great pace with the child care centre development in Wembley, Perth, put together by Property Wizards.

The Investment

This a commercial property investment Property Wizards acquired for our buyer’s agency clients. After thorough due diligence, we bought the land and arranged contracts for construction of the centre and leasing to a national blue-chip tenant. By creating the investment from scratch, we ensured a high-quality build and an enhanced return for our client’s long-term investment. (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.

(more…)

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Covid-19 Safe Home Buying Process


We’re all staying home to keep safe and our hearts go out to those who have lost their jobs and are battling out there.

But what happens if your income is secure and you need to buy a property? It may be a job transfer, buying a first home while rates are so low or just capitalising on good investment opportunities while there is less competition from other buyers.

In an environment of drastic precautions to help stem the spread of coronavirus, the real estate market has come to the party with virtual tours and private viewings, but what else can you do to stay safe and still find the best property?

Here are some tips and tricks to keep you safe when looking for property. (more…)

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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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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.

(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.

(more…)
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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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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…)

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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…)

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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…)

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