Weekend Update - 13th & 14th October

Hope you had a relaxing weekend and managed to get some jobs completed. If you were out looking at homes, you would of seen a good number of open homes and buyers out looking. With the weather warming up, there are new buyers out looking to upgrade, downsize or make a lifestyle change before the new year. Interest was up for all properties but in particular, new properties to the market are getting the best response. If you are looking at selling, the first 4-6 weeks remain the most promising period to get the result you want.



A number of our new properties have sold recently just after the first or second home open. This is showing us that urgency has increased with less supply of homes and more competition from buyers. There is still talk of an interest rate decrease in the future and a recovery with iron ore prices.

With the warm weather, increased activity from buyers and less homes for sale, its a good time to consider making a move.

Have any Real Estate questions I can help with? I'd love to help. Contact me at robin.ram@raywhite.com

Number of Listings & Selling Days

Thanks to REIWA online, this information shows some interesting information. We currently have 11 784 homes on the market which is a significant decline from Dec 11. Based on this history and in my current experience, days on market are dropping down with more and more buyers looking to purchase. More competition for homes, less supply means increase pressure on prices.

Good time to buy? I think now would be great as the stats are looking good

Online Virtual Tour

With the Internet becoming more and more popular and the major source of all our enquires, why not think about an online tour to showcase your home? This new trend is proving popular around the world and its starting to make its way into Perth with a few agents coming on board.

As an agent, I have done my first online tour and have recorded one more for a rural property in Oakford.
Check it out and see what you think?

http://www.beproductionsonline.com.au/videos/34gatewayvideo.html

The cost has reduced significantly and I feel it would be worth the consideration. You don't have to have a million dollar home as most of our sales coming from regular suburban houses which is what most people want to buy.

Something new and exciting we can work towards, especially if you don't want home opens.

Residential Density R Codes

Looking to buy or sell a property and need some clarification as to what potential your block may have?

Please see below a link that may be of use on Density Guides and what you may be able to do with your property.

An example of this as follows  :
 R 17.5 means that you need an 571sqm per block you develop off your site. If you have this density and only 1000sqm, unfortunately, you will not be able to develop. Looking at building on the rear of your property?  You will need slightly more room.

Please see the link below for all the information direct from WA Planning

http://www.planning.wa.gov.au/dop_pub_pdf/R_CodesSPP_3_1_2.pdf

If you would like me to have a look at your property and explain the potential you may have, please feel free to give me a call or email me at robin.ram@raywhite.com

Double check your finance

More and more we are seeing the banks become uncertain and cautious on lending. The last few weeks have seen changes to lending criteria and even some declines on finance. When was the last time you checked with your bank or broker?
Most banks will require minimum of 5% deposit,
3 month proof of savings, stable employment with history between 3-6 months, credit reference checks and the go ahead from a mortgage insurer.

Due to the global finance uncertainty, it is now more important to be pre-approved, up to date and have the latest information.

My clients like to use Andy Iriks from Loan Market : 0413 999 286

Call him and double check you have the latest information and the package the bank offers you is in your interest, not just theirs. Brokers provide a free service and often save people substantial amounts of money.