Categories for First Home Buyer

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...

2024-25 State Budget offers welcome support for first home buyers: REIWA

16/5/2024
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2024-25 State Budget offers welcome support for first home buyers: REIWA 9 May 2024 “REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today.” REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today, especially increased thresholds for the First Home Owner Transfer Duty Concession. “While there is no silver bullet to addressing the challenges WA’s housing market faces, we welcome the fact the...

A home for $130,000? Australia’s cheapest suburbs revealed

8/1/2024
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Property prices are sitting at record highs in many parts of the country, however there remains an abundance of affordable suburbs and towns where buyers can secure an inexpensive home or unit. PropTrack economist Anne Flaherty says high interest rates in conjunction with continually rising property prices were pushing people to seek out these more economically viable regions. Related videos The Aussie suburbs offering incredible value “Rental vacancy rates are at record lows and people are forking out a lot for...

WA Duplicate Certificate of Title gets expiry date.

10/5/2023
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As advised in CIB 392 on 22 November 2022, Duplicate Certificates of Title (Duplicate Titles) will no longer be used from August 2023. On 7 August 2023, Duplicate Titles will be removed from the land conveyancing process in Western Australia. This is part of the changes made by the Transfer of Land Amendment Act 2022 and aligns WA with ongoing advancements in electronic conveyancing around Australia. Please note that current registration requirements continue to apply for all documents lodged until the changes take effect....

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...