Categories for Commercial

Suspect a water leak, How to detect it & what to do…

11/8/2017
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Leaks can be extremely wasteful and costly. Regularly checking taps, pipes and fittings around your property could save precious water and precious money! How can I detect a leak?To conduct a leak detection test yourself, follow these simple steps:Step 1: Ensure no water is being used in your house (turn off all water appliances, such as washing machines and evaporative air conditioners).Step 2: Read the black and red numbers on your meter. Record the black numbers from left to right. The black...

Foreign Investment change

9/6/2017
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New Charge for Foreign Owners for Empty Properties Foreign persons who apply for approval to purchase residential property after 9 May 2017 will face a new annual vacancy charge to be imposed if the property is not occupied for at least six months per year.The charge will be levied annually and will be equivalent to the purchase application fee imposed at the time the property was acquired by the foreign investor.Details of the new charge can be viewed HERE FIRB approval for sale of...

Developers take heed. Update to changes to the Sale of Land Act- means some extra protection for buyers, where property is not yet owned by the developer.

4/5/2017
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Update to e-Bulletin Issue #66On 3 April 2017, the Sale of Land Amendment Act 2016 (the Act) came into effect in Western Australia.  The legislation introduces greater protections for consumers when signing sales contracts for land that is not yet owned by the developer.  Landgate have now clarified and updated information that was previously communicated which also includes variation to the Approved form of the statutory warning that must be used.  This e-Bulletin replaces issue 66 Changes to the Sale of Land Act – what...

What’s Hot in Property

24/2/2017
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Whether you’re buying a property to invest in or call home, it’s a good idea to look at emerging property trends, to support your purchasing decision. Lifestyle locationsBuying a property that can accommodate a growing family in a major city is challenging on the average family income. Instead, some buyers are looking in outer metropolitan and regional areas within two hours’ drive of a capital city. These are considered “lifestyle locations”, according to REA chief economist Nerida Conisbee, because buyers...

How to get ready for Autumn-Winter sale. Six Tips for Home improvement

3/2/2017
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With autumn here, now is the perfect time to make improvements around your home, and get your property in tiptop shape for winter. Here are some ideas for the to-do list. Repair Roof problemsSmall roof leaks will make it harder to keep your house warm in winter. Inspect your roof for damage (or have a professional do it) and fix any holes or gaps.Get your gutters in orderAutumn’s falling leaves look picturesque but can cause a problem for gutters and...

MORTGAGEE SALES – AN EXPERIENCED AGENT EXPLAINS THE PROCESS AND THE PROS & CONS

2/1/2017
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When a potential investor or buyer hears the term “mortgagee sale” or “repossession” you can often see the dollar signs in their eyes. There is a common view that mortgagee sales come with a lower than market value price. This can be correct in some cases, however thorough due diligence should be conducted before purchasing this type of property. Below we will look into the usual process in WA for mortgagee sales, as well as the pros and cons of...