Categories for Education

Bunbury leads regional growth in March 2024 quarter

23/5/2024
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21 May 2024 New Bunbury was the top performing regional centre for the March 2024 quarter, according to the latest data from REIWA. Its median house price rose 5.9 per cent to $487,000, up from $460,000 in the December quarter. REIWA President Joe White said there was strong activity across all price points in the Bunbury regional centre, but the market was particularly competitive for houses priced around $600,000. “Bunbury is attracting interest from a wide range of buyers including...

Statutory Declarations Act 1959 Update

8/1/2024
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Statutory Declarations Act 1959 Update allows Electronic signature with video witnessing, or via myGov platform. From 1 January 2024, the Statutory Declarations Act 1959 (the Act) will change so as to provide three ways to make a Commonwealth statutory declarations: • conventional paper-based execution involving wet-ink signatures and in-person witnessing • electronic execution by applying electronic signatures, with witnessing conducted by video link (for example, over zoom or skype) • digital execution using the myGov platform that authenticates the declarant’s...

Looking to Buy a house- consider pre-contract Building Inspection before sign on the line

23/3/2023
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Under the current normal Buying a property process in WA, a buyer will sign a contract -also known as an Offer and Acceptance (O&A) to buy a House, Land, or Strata lot, and they may include as a condition their desire for a Building Inspection or Survey done, usually at their own cost, after it goes unconditional. The standard REIWA annexure if included in the negotiation of the O&A allows for a Pre-purchase Building Inspection. However, it is usually limited...

REIWA Announcement 2022 Contract (O&A) & JFGC

22/6/2022
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Updates to the Joint Form and Offer and AcceptanceThe 2022 General Conditions and the new contract for the sale of land have been released today.The Offer and Acceptance has also been updated with a revised format that will be easier to use.The amended finance condition permits the buyer to apply for finance through a lender or a mortgage broker. The mortgage broker has the ability to provide notification of finance approval, non-approval or rejection.All forms that have referred to the...