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State of the Market

With freight train-like momentum the WA market is slowly but surely increasing in value. The data isn’t out yet but there is no doubt the median house price in Vic Park and surrounds is on the march again. Recent outstanding results include a grab bag of impressive numbers. 3×1 villa selling in excess of $550,000. 2×1

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Fair Wear and Tear

Unfortunately, it’s part of life when it comes to property – pipes leak, ovens stop working, windows get broken, and fittings and fixtures wear out over time. What can tenants and landlords expect when repairs are needed in a rental property? We often have owners ask about the condition of their property when a tenant

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To Buy or Not to Buy?

I had the classic phone call last week “have I paid too much?”.   This was from the successful Buyer in a multiple offer scenario.  To be successful he had to pay more than the other Buyers. Classically defined, Buyer’s remorse is an example of what psychologists call cognitive dissonance. Buyer’s remorse stems from a fear of making the wrong choice and from feelings of guilt about being extravagant.

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Full Steam Ahead

December 2021 median selling days in the Perth Metro region sat at just 16 days, and stock levels have dropped from 9008 to 8186 properties over the last 4 weeks. Perth Metro rental vacancy rates sit under 3%, and markedly lower for sought after suburbs. The Buyer FOMO is still very real. The number of

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Time to Shine

After my last appointment yesterday evening, I sat in my car, rejected offers spread across the passenger seat, calling back Buyers who had missed out. Parked in a laneway at night, cabin light on, making the last phone calls of a very long day. Hardly glamorous. “I’m sorry but you’ve not been successful this time,

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Welcome 2021

Welcome 2021. The market is hot. I haven’t seen this much active buyer participation since the Mining Boom. Yes, I have been selling real estate long enough to clearly remember the heady days between May and September of 2006. It is important to note, even back then, with stock levels below 5000 in the metro

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