Categories for News

Regional WA property hotspots outperforming Perth’s red-hot market

8/12/2023
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Property investors looking to diversify their property portfolio in a region delivering high rates of capital growth could turn their gaze towards Western Australia’s high-performing regional centres. Perth is regarded as the golden child of Australian capitals for property investors at the moment, but Bunbury in the southwest of WA is outperforming the more widely regarded state capital. (Image source: Shutterstock.com) Property investors around Australia have converged on the Perth property market in the latter half of 2023 but some...

Breaking News: RTA reforms introduced to Parliament

29/11/2023
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Hi Damien The Cook Government introduced a Bill to Parliament this afternoon regarding the planned reforms to the Residential Tenancies Act announced in May. I would like to make it clear that this is an Amendment Bill and the changes are what we have expected and previously communicated. There are many details, such as those regarding modifications, that still have to be prescribed by Regulations and we continue to engage with the Government on these matters. In general, the Bill covers: Banning rent bidding...

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...

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...