HOME | FOR SALE | FOR YOU | ABOUT US | CONTACT US

Free Appraisal Weekly Property Update

Licensed Real Estate Agents Shelley and Mark are renowned for their exceptional customer service, strong local knowledge and high ethical standards. 

 
The unique combination of Shelley and Mark’s team-based way of working and proven business philosophies, presence and marketing tools is your winning formula for success and the reason so much of their business results from word-of-mouth referral and people who keep coming back.
BLOG

Perth’s million dollar suburbs revealed

by ShelMarkblog In Uncategorized

28 September 2017

Research by the Real Estate Institute of WA shows there are 23 suburbs in Perth where the median house price is at least $1 million. The research considered suburbs with more than 30 annual sales.

Of those suburbs, some are surprising to the homeowners who bought there years ago.

The Milianku’s purchased their very first home in Subiaco at a time (1977) when the western suburbs and Subiaco in particular were considered very working class and even a bit rough (the suburb used to be referred to by the far from endearing name of ‘Scabiaco’).

Today Subiaco is one of Perth’s million-dollar suburbs. The couple sold their first home in the suburb in 1996 for $270,000. They subsequently purchased a second home in Subiaco for $410,000 and the couple estimate it has since tripled in value.

Of the 23 suburbs listed only one joined the list this year – Wembley (like Subiaco, also in the western suburbs). However three suburbs dropped off the list since last year – Salter Point, Mt Lawley and South Fremantle.

In terms of location of the million dollar plus suburbs:

• 8 are by the river
• 9 are close to the CBD
• 5 are by the beach.

Did your suburb make the cut?

To see the full list of Perth’s million dollar suburbs click on the link.


Comments (0)


5 tips to help you find your perfect home in Perth this summer

by ShelMarkblog In Uncategorized

21 September 2017

Once the persistent showers we have been experiencing in Perth begin to ease (apparently next week) and the mercury starts to climb you can be sure of one thing – we will start to see more buyers out and about eager to secure a home in time for summer and Christmas (yes, it will be here before you know it)!

If moving is on the cards for you this spring/summer, the Real Estate Institute of WA (REIWA) has compiled its top 5 tips to help you find and secure your perfect home.

1. Consider your not-negotiables (your ‘must haves’)

REIWA says it is important to write down your ‘must haves’ as well as your deal breakers BEFORE you start looking (even before you look online). Doing so will save you an enormous amount of time and frustration as it will narrow down your search from the start. You may decide your home must be within walking distance from public transport. Perhaps it must be zoned for a particular school and have at least 4 bedrooms. This list is personal and may require some negotiation and compromise with other family members

2. Consider how much you can afford to spend

Look at your finances and speak to a financial adviser. Consider obtaining pre-approval on a loan as this will put you in good stead to make a firm offer and avoid missing out on the home of your dreams.

3. Know your limit

This point goes hand in hand with point 2 but is a reminder to ensure you don’t get so caught up in the feeling (which can easily happen as buying a home is an emotional decision) that you lose sight of logic. REIWA suggests you factor in a budget, including how much you can afford to pay on a mortgage per month (with room for rate increases of about 2%). This will enable you to work out the maximum offer you can afford to make.

4. Consider a Buyers Agent

REIWA suggests that you consider a Buyers Agent. However in our view a professional real estate agent should consider their buyers’ needs as much as they do their sellers. If you wish to know more about what a Buyers Agent does, click here.

5. Don’t rush

Buying a property is one of the biggest investments you might make, so be sure to take your time, explore what’s on the market and talk to your local real estate expert before you take the plunge. Give us a call for an obligation free chat to discuss your options.

 


Comments (0)


The A – Z of Property Jargon

by ShelMarkblog In Uncategorized

14 September 2017

Cash rate, mortgage insurance, body corporate, offset account…these are just a few of the words that may crop up during the life of your loan. But what do they all mean?

Below is a list of the most commonly used residential property-related terminology (from A-Z):

ARREARS – An outstanding or overdue amount.

BODY CORPORATE – The group responsible for the management of a strata building and its common areas.

CASH RATE – The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans to commercial banks.

DEPOSIT BOND – A guarantee from a financial institution that a deposit will be paid to a seller. It can be useful for buyers with savings in a term deposit because it can be offered at the time of exchange – instead of a cash deposit.

EASEMENT – A right to use a part of land owned by another person or organisation, for example to access another property.

FIXTURES – Items that would cause damage to a property if removed. Their removal must be stipulated in the contract of sale and any damage made good by the seller.

GAZUMPING – When a seller accepts an offer from a buyer but then proceeds to formalise the sale of the property to another buyer with more favourable terms.

HOLDING DEPOSIT – A refundable deposit demonstrating the goodwill of the buyer to proceed with the purchase.

INTEREST ONLY LOAN – A loan where only the interest is paid for an agreed term, usually 1 to 5 years. The principal is then repaid over the remaining term of the loan by the conversion of repayments to principal and interest.

JOINT TENANTS – Equal holding of a property between two or more people. If one party dies, their share passes to the survivor or survivors.

LENDERS MORTGAGE INSURANCE (LMI) – The insurance borrowers pay to their lending institution if a borrower intends to borrow over 80% Loan to Valuation Ratio (LVR).

MORTGAGE PROTECTION INSURANCE – An insurance type a borrower chooses to take up to protect themselves should the policy holder pass away or be diagnosed with terminal illness.

NEGATIVE GEARING – Where the income from an investment property is insufficient to meet the interest costs of the loan used to fund the investment property.

OFFSET ACCOUNT – A non-interest earning account where the balance is offset against the home loan to reduce the total interest payable.

PRIVATE TREATY SALE – A private treaty sale is where a house is offered for sale at a negotiated price. Unlike an auction, the potential buyers do not know what others may be offering for the property.

REFINANCE – To switch mortgage providers and arrange a new loan for the same property.

STAMP DUTY – A State Government tax based on the value or purchase price of the property.

TORRENS TITLE – The name given to the system of registration of ownership and dealing with property. Under this system, title to a property is established by a statutory title issued by the Registrar General. It is the most common form of residential property ownership.

UNIFORM CONSUMER CREDIT CODE (UCCC) – This is the legal framework that governs the relationship between borrowers and lenders.

VENDOR – A party who offers a property for sale (also known as the seller).

ZONING – Statutory descriptions of the allowable uses of land as set out by local councils or planning authorities.

Don’t worry, there is no need to memorise this list. As your agents we are here to explain anything unfamiliar to you. All you need to do is ask.


Comments (0)


WAxit – could it really happen?

by ShelMarkblog In Uncategorized

08 September 2017

A group of WA Liberals has put secessionism back on the agenda in a renewed push for WA’s own version of Brexit and become an independent nation.

The so-called WAxit (WA exit) comes amidst anger over the state’s low GST share. However experts say the cost of funding our own public health system, establishing our own armed forces and all the practical aspects of breaking away from Australia make it unrealistic.

Let’s examine what is actually being proposed

  • The Liberal Party’s Brand Division has set up a WAxit committee to examine the option of Western Australia becoming an independent state within the Commonwealth.
  • The issue has come up many times before – it has been regularly debated ever since WA signed up to the Federation more than 100 years ago.
  • In 1933 two thirds of West Australians voted to secede.

Why is WAxit on the agenda?

In a nutshell, people are angry. There is a feeling that WA gets a raw deal from the Commonwealth, with advocates citing the state’s low GST share as the main driver for the push to secede.

Is it even possible?

Constitutional experts have long dismissed the prospect of secession in this country. Any serious secession attempt would need to start with a vote in favour in WA.

However what would need to happen beyond that is unclear. For starters, like any other nation, we would have to fund our own military, health and education systems, and print our own currency. West Australians would even need a passport to visit any other state.

Then there’s sport. Imagine WA up against Australia in cricket and football!

 


Comments (0)


Is property styling a good investment?

by ShelMarkblog In Uncategorized

04 September 2017

With so many homes these days looking like they wouldn’t be out of place in Vogue Living, you may wonder whether the owners simply have exceptional taste and style or if they’ve invested in property styling. And if they’ve invested in property styling, was the investment worth it?

While some owners are indeed blessed with great style when it comes to home presentation, the majority that look as though they’ve had help from a stylist probably have. The owners see it as a positive investment in order to get the highest possible sales price for their home.

Why hire a Property Stylist?

Recent studies have shown that professional property styling increases a property’s sales price by at least 10%. Even at Perth’s median house price of around $500,000, that’s an extra $50,000 in your pocket. So for an investment of between $3,000 to $7,000, a return of at least $50,000 makes it a smart investment.

What does a Property Stylist do?

When a Property Stylist visits your home it is being viewed through new eyes. They have the experience to look beyond all the furniture and bits and pieces you have in your home and see it from the perspective of a potential buyer.

The goal is to have a buyer walk in and feel like it could be THEIR HOME; to evoke an emotional response. You want them to visualise themselves sitting in that perfectly positioned occasional chair by the window, cooking up a storm in the kitchen or entertaining guests alfresco. A professional Property Stylist knows how to enhance a home’s best features and detract from any potential flaws. They also know how to make the most of the space in your home, including making smaller spaces appear larger and large spaces appear more cosy and inviting.

Invoking a response

Property styling can really add the WOW factor you need for your advertising. This is generally the first impression a buyer will have of your property and if the photos don’t grab their attention, they won’t take the next important step – the property inspection. Some buyers fall in love with a home because they love its style. It’s not uncommon to hear buyers say things like, “I’ve always wanted a home like that” when it has been styled to perfection.

The job of a Property Stylist is not to style the home in accordance with your taste but to make it appeal to the widest audience possible, and especially to your target market. They tailor the furniture and accessories to a particular style, which will appeal to downsizers, young families or couples, whatever the target market for your home is.

Styling also eases the pressure

We understand that selling your home can be stressful. Hiring a professional to handle the presentation side of the sale will definitely take a lot of pressure off yourself to concentrate on the other things you may need to do like gardening or repairs.

The best way to learn more about property styling and if it would benefit your property sale is to talk to us. We sell both professionally styled and unstyled homes and have the experience and the common sense to advise you on the best option to suit your property, your target market and your budget.


Comments (0)

      
For Sale | About Us | For You | Contact Us | Home | Login
Disclaimer | Privacy Policy | Design Key2Creative | Member of REIWA