Category: Selecting A Property

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…)

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Smart homebuyers setting up for success (case study)

Steve Hartman* | Engineer | Sydney

“Our family is set for an easy move to our dream home in Perth. We couldn’t have done it without Property Wizards and we’re stoked with how smoothly and quickly it’s gone. The buyer’s agent fee is well worth the money and we’d do it again in a flash.”  Steve Hartman, Sydney

BUYER’S PROFILE

Steve and his young family were packing for Perth. Steve’s work transfer was a permanent one so he wanted a home where they would be happy for many years, and where their children could thrive. They longed to be near the beach and coming from high-priced Sydney to more affordable Perth, they could afford their dream home.

NO TIME WASTED

Being a busy professional, Steve was accustomed to using other professional services to accomplish important projects and had no hesitation in appointing a buyer’s agent to find them a new home. The Hartmans wanted to be settled in time for the start of the kids’ school semester so there was no time to waste.

READ THEIR STORY…

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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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5 Factors to Consider when Starting in Real Estate (Expert Tips)

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…)

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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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Why it pays to have professionals on your team at auction (CASE STUDY)

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…)

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Yield or capital growth – which property investment strategy should you go for? (ANALYSIS)

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…)

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What’s the difference between a real estate agent and a buyer’s agent? (Q&A)

While most people know what a real estate agent – or seller’s agent – is, it seems not everyone knows what a buyer’s agent is – or does.

So we thought we’d break it down. (more…)

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On the move – Perth property market on the rise again (ANALYSIS)

While there’s been a lot of focus on the downturn in the Perth property market, there’s plenty of good news coming in.

A number of sources have revealed that Perth’s property market has reached its low and is starting to show signs of improvement. (more…)

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Low interest rates add to the appeal of the Perth property market (TIPS)

Perth, Western Australia, viewed at night reflected in the Swan River.

We already know it’s a great time to invest in property in Perth.

With the Reserve Bank of Australia’s decision last week to keep the cash rate at 1.5 per cent, this certainly adds to the appeal of getting into the Perth property market.

So while interest rates have stabilised, they are likely to rise. So if you’re ready to buy, the time really is now.

What should you do next? (more…)

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Is it really a buyer’s market? (Q&A)

 Hand on old door (old house, renovation, knock-down)

“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…)

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Median house prices – magical or misleading? (Q&A)

Hand Pushing The Button House by phanlop88 - resize

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…)

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Why you need a buyer’s agent in your corner (Q&A)

Advisor.jpg

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…)

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First home owners grant increase – what does this mean for you?

Making a plan

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…)

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New year, new you, new home? Why you should make property investment a New Year’s resolution! (TIPS)

iStock_000017108927Large

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…)

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