Please take a moment to watch this video to see what your partnership has allowed us to achieve through our charitable organisation, DQ Foundation.
Thursday, October 24, 2013
Thank you for your support
Thank you to all our most valued clients, for partnering with us this year.
Please take a moment to watch this video to see what your partnership has allowed us to achieve through our charitable organisation, DQ Foundation.
Please take a moment to watch this video to see what your partnership has allowed us to achieve through our charitable organisation, DQ Foundation.
REIWA Awards Night
We are very
proud to congratulate our award winning team at this year’s REIWA Awards Night.
Stephen
Humble achieved a new milestone breaking through to the $10-$15 Million Dollar
Club award, sharing this milestone achievement award with Darran Deacon who
again claimed this prestigious category award, well done Darran. Johann Dique
had again been awarded the $16 - $20 Million Dollar Club category with Team
Rolt, David and Marina Rolt, taking out the offices top award with an
outstanding $31 - $34 Million Dollar Club award, an incredible achievement
evident of the hard work and professionalism in assisting home sellers and
buyers throughout the year.
Whilst it
is fantastic for our whole sales team to have received remarkable industry
recognition we could not have done this without partnering with you, our
administration, support and property management teams. We would like to take
this opportunity to thank all the property owners who partnered beside us and had
great success throughout 2012 – 2013. DQ Real Estate looks forward to bring you
Peace from the outset, Hope for an ideal
result and the Joy of having and expert walk the journey with you.
Thank you
for supporting us and recommending us, from your team at DQ.
Set to rise
Capital growth expectations over the next 12
months improved at all price points for established houses and apartments.
NAB’s view of the market takes into account rising unemployment expecting to
dampen house price growth, however NAB sees capital city house prices are set
to rise by 3½% in the year to September 2014 and 3% in the year to September
2015.
The Australian Bureau of Statistics released the latest CPI
figures for the September quarter this week. Perth is now second only to Darwin
(3.4%) with the nation’s highest inflation rate.
At 2.6% for September this indicates Perth’s annual inflation
rate is double the previous June quarter rise for Perth. The interest rate
could well be on the move again, financial professionals may be holding out for
a rate cut whilst other property professionals are tipping a rise towards the
middle part of next year.
Listings continue to trend down taking
the average selling days from 50 in the June quarter to 49 in the September
quarter.
Reiwa.com data indicates the
overall market median for WA has fallen 2.8% in the September Qtr with a surge
in first homebuyer activity and softer upper end sales. Taking the revised June
Qtr median from $523,000 to around $508-510,000. A mix of both first homebuyer
and investor activity in the September quarter could well have attributed to an
increase in multiresidential sales. WA remains the national first homebuyer
powerhouse with the latest monthly ABS finance data (ABS Cat 5609) for August
2013 indicating the proportion of first home buyer loans in WA (excluding
refinancing) actually rising to 34.5% The national trend masks the performance
of some states with WA continuing to be the standout national first home buyer
state both in 2012-13 and into 2013-14.
A combination of slow rental growth and faster
capital appreciation suggest rental yields are marginally falling in WA with a
median weekly rent at $475 for houses and
$450 for units, dropping for the
first time since mid 2000 by 1% respectively for the quarter.
An 81% increase in properties for
lease over the past 12 months has finally flowed through into lower market
rents as landlords adjust asking rents.
Properties
available for lease have remained stable throughout the September quarter
peaking in late August at 4,160. The last 6 months has seen total rental
listings increase 20% but the last quarter dropped 6%.
The drop in listings has seen
Perth’s vacancy rate drop back to 3.1% for the September quarter. Falls in both
the median house rent to $475 / week (-1.1%) and median multi- residential rent
to $450 / week (-2.2%) contributed to the fall in the overall median rent which
fell 1.1% to $470 / week.
Property remains in high demand, improving
for all types of new and established property. If you’re thinking about selling
or leasing and would like to consider your options in today’s market, talk to the
experts at DQ we will walk the journey with you.
Monday, August 12, 2013
Maintenance
The updated Residential Tenancies Act has determined what is an urgent repair, and how long is taken to arrange the repair. If a maintenance issue causes a rental home to lose the essential services of power, gas, a fridge (if one is provided), sewerage, water or hot water; or if the issue is likely to cause damage to the property or unduly inconvenience you will need to contact us as soon as practicable by calling our office on 9309 4004. If this occurs after hours’, over a weekend or during a public holiday we can be reached on our dedicated emergency maintenance number 0447 833 690. We will then contact the lessor to ensure we arrange the repairs within the required time using qualified tradespeople. We recommend that all general repairs are carried out by suitable tradespeople and all of the contractors we use are fully insured which helps protect our lessor’s investment and tenant’s safety.
Outback Splash
Excitement flows through Perth
By December this year Perth will add to its list of attractions with a new water park, Outback Splash. Its been called the most significant tourist attraction development in WA for decades.
Located next to ‘The Maze’ in Bullsbrook, its been predicted 90,000 annual visitors will experience the adventures and thrills the park has to offer. The main attraction is the three-storey-high waterslide for the thrill seekers and a whole range of interactive play features and toddler slides for families to enjoy.
The $70million water park will be built in 6 stages over a decade. Its predicted to include up to 9 waterslides, a lazy river and ‘The Maze’ will also be expanded.
State Finances
The State’s Finances will be the key driver for first homebuyers and investor markets. The Treasurers Budget’s announcement on Thursday comes soon after the Reserve Banks decision to cut rates to their lowest level since 1959 earlier this week.
The recent announcement to cut rates takes the official cash rate to 2.5%. We were pleased to see some of the big banks pass on the cuts with NAB passing on its rate cut only 3minutes after the Reserve’s announcement. This bold move by NAB was quickly followed by Westpac, Commonwealth and other lenders, which could be early indications lenders may now be prepared to be more competitive on new loan applications. This more competitive spirit by the banks will assist both home sellers and buyers into the property market.
The overall market median house price continues to trend up as the preliminary median price is projected at $525,000 for the June quarter. With the market being most active in the below median price levels, the number of first home buyer applications over the year to May rose 34% (UDIA) and the increase in grants paid for established dwellings lifted the proportion of first home buyers to 29% (REIWA) in the June quarter.
The biggest game changer is the changes the state budget will have on first homebuyers. The Treasurer announced the stamp duty exemption for first home buyers will remain but in a push to boost new construction he announced the First Home Owners Grant (FHOG) will be adjusted to $4000 for the purchase of an established home, and $10,000 for the purchase of new-build. This is a reduction of $3000 for the purchase of an established home and an increase of $3000 for the purchase of a new-build.
Although this move by over east state governments failed to produce the desired result it must be noted that WA is the only state that still offers a FHOG. An area of focus may be the availability of land supply catering to the emergence of this new market driven by new construction for first homebuyers given that the current levels of Greenfields is already low. We are hopeful an increased demand may be a catalyst for new land development releases from a state level.
The budgets move to raise land tax by 12.5% will raise an extra $338 million over the forward estimates. Unfortunately the investors will be hardest hit, which may bring some neutrality to the recent growth achieved in the rental market. The increase in first home buyer activity to May has eased pressure on rental properties, showing signs of a slow down with a higher vacancy rate and lease brakes representing on average one quarter of the current supply. Interest rates coming down may see more lessees’ opt for mortgage repayments making the Australian dream come true in acquiring a home.
But it’s not all about the hit on the hip pocket. The outlook for Western Australia remains positive despite some sectors of the market being that we are a growing state with one of the key drivers -our industrial market, responsible for the creation of employment.
NAB reports WA is the standout for income growth in Q2’13 which is expected to soften to 2%. With the Australian economy slowing and labour market pressures growing, returns are expected to be highest in WA (3%) with yields around 2 ½% forecast in all other markets.
NAB’s modeling indicates WA house prices will grow 5.1% through the year to Q2’14 and 3.1% in the year Q2’15. With the proposed urban infrastructure projects for Perth, the likely influence on local real estate markets will be evidenced over the next few years, as the projects of this magnitude will require substantial accommodation for skilled labourers.
At DQ Real Estate you can be sure whilst the market is ever changing we aim to accurately report on the market and guide you with integrity so that together we can plan for your investments to grow. We welcome to discuss with you the different categories of investment property available to meet your short or longer-term goals.
If you would like to know more about the WA property market or would like to discuss the demand for property in your area please contact one of our area representatives, whose details you will find on our website or you may call us on (08) 9309 4004. We would love to hear from you today.
Johann Dique
Licensee
DQ Real Estate
Acknowledgement of sources:
REIWA, UDIA, Sunday Times, NAB Property Index Report Q2’13
The recent announcement to cut rates takes the official cash rate to 2.5%. We were pleased to see some of the big banks pass on the cuts with NAB passing on its rate cut only 3minutes after the Reserve’s announcement. This bold move by NAB was quickly followed by Westpac, Commonwealth and other lenders, which could be early indications lenders may now be prepared to be more competitive on new loan applications. This more competitive spirit by the banks will assist both home sellers and buyers into the property market.
The overall market median house price continues to trend up as the preliminary median price is projected at $525,000 for the June quarter. With the market being most active in the below median price levels, the number of first home buyer applications over the year to May rose 34% (UDIA) and the increase in grants paid for established dwellings lifted the proportion of first home buyers to 29% (REIWA) in the June quarter.
The biggest game changer is the changes the state budget will have on first homebuyers. The Treasurer announced the stamp duty exemption for first home buyers will remain but in a push to boost new construction he announced the First Home Owners Grant (FHOG) will be adjusted to $4000 for the purchase of an established home, and $10,000 for the purchase of new-build. This is a reduction of $3000 for the purchase of an established home and an increase of $3000 for the purchase of a new-build.
Although this move by over east state governments failed to produce the desired result it must be noted that WA is the only state that still offers a FHOG. An area of focus may be the availability of land supply catering to the emergence of this new market driven by new construction for first homebuyers given that the current levels of Greenfields is already low. We are hopeful an increased demand may be a catalyst for new land development releases from a state level.
The budgets move to raise land tax by 12.5% will raise an extra $338 million over the forward estimates. Unfortunately the investors will be hardest hit, which may bring some neutrality to the recent growth achieved in the rental market. The increase in first home buyer activity to May has eased pressure on rental properties, showing signs of a slow down with a higher vacancy rate and lease brakes representing on average one quarter of the current supply. Interest rates coming down may see more lessees’ opt for mortgage repayments making the Australian dream come true in acquiring a home.
But it’s not all about the hit on the hip pocket. The outlook for Western Australia remains positive despite some sectors of the market being that we are a growing state with one of the key drivers -our industrial market, responsible for the creation of employment.
NAB reports WA is the standout for income growth in Q2’13 which is expected to soften to 2%. With the Australian economy slowing and labour market pressures growing, returns are expected to be highest in WA (3%) with yields around 2 ½% forecast in all other markets.
NAB’s modeling indicates WA house prices will grow 5.1% through the year to Q2’14 and 3.1% in the year Q2’15. With the proposed urban infrastructure projects for Perth, the likely influence on local real estate markets will be evidenced over the next few years, as the projects of this magnitude will require substantial accommodation for skilled labourers.
At DQ Real Estate you can be sure whilst the market is ever changing we aim to accurately report on the market and guide you with integrity so that together we can plan for your investments to grow. We welcome to discuss with you the different categories of investment property available to meet your short or longer-term goals.
If you would like to know more about the WA property market or would like to discuss the demand for property in your area please contact one of our area representatives, whose details you will find on our website or you may call us on (08) 9309 4004. We would love to hear from you today.
Johann Dique
Licensee
DQ Real Estate
Acknowledgement of sources:
REIWA, UDIA, Sunday Times, NAB Property Index Report Q2’13
Thursday, April 7, 2011
Take A Fresh Look At The Market
Another welcome decision earlier this week from the Reserve bank to leave rates on hold for yet another month, mortgage holders can brief a sigh of relief as the cash rate was held at 4.75.
If your considering buying here is a few “must haves” that you will require when you see your bank/broker.
Demonstrate job stability
Provide a clean credit record
Have genuine savings of at least 5%
Generally operate with good conduct
Dependents vs. Income
If you can easily satisfy all or any of the above criteria, there is a smorgas board of opportunity that awaits you. One of our preferred brokers can help you tailor an offer that is just right for you. One of our agents can help you with what you are looking for and we will make sure we find just the right property that suits what you can comfortably afford.
If you are thinking of selling or buying, you may also consider speaking with your bank or broker. Some sellers discover their second home or investment property may not be worth what it may have been in recent years. An updated market opinion will not just educate you on property values and market fluctuations it will ensure the correct strategy is employed to reach your goals in the exciting new future that awaits you with the decisions you are looking to make.
March has been an incredibly strong month for DQ with our property sales heading back on track. Earlier results indicate vendors were discounting in the first part of the year leading up to March. This means the market is crowded with fantastic buying opportunities at the moment. I heard one of my clients say just the other day “this is probably going to be one of those times, where we all look back and say the market was good back then, we should have bought a second home.
The growth in listings now at an estimated 17’799 continues to keep prices bumping along with the overall market median moving sideways at around $485,000, based on preliminary REIWA data. The proportion of vendors discounting on price is sitting at about 72% with an average discount of 7 per cent. The average selling days for the three months to February have also eased out to 81 days. At DQ we have had many properties sell in the first 8 weeks of going to market and turnover on volumes and prices achieved showing a recovery since March.
Auctions clearance rates in Perth made up 3.3 per cent of all sales last year up from 2.7 per cent in the previous year.
The rental market has showed strong improvement with a positive $10 upswing earlier this year on the median, the first time in nearly 18 months. If you are looking to build your property portfolio the property market offers some fantastic opportunities today. Speak to one of our management teams to learn what we can do for you. We have seen pend up demand building as most or our rental properties are selected early to market.
A report conducted in March by one of the banks claimed key employees are suffering to be able to afford properties in our Wanneroo area, our study in to the area reveals some very fascinating statistics.
On the evidence, it seems that several areas in Wanneroo are relatively affordable and only 9 suburbs were at or above the median price($480'000 REIWA Dec 2010) for properties in the Perth metropolitan area.
Out of the 23 suburbs that make up Wanneroo, 6 suburbs experienced positive growth on their median price, based on figures released in Dec 2010 from REIWA.
Wanneroo promises to be very affordable area with very attractive offerings starting from $330’000 in Koondoola to $2’420’000 in Mindarie based on sales records for the year to December.
Over the year to September, 5’475 people migrated to Western Australia. National population figures are down, based on a report released by the ABS however WA continues to have the highest growth rate in the nation at 2.1%. The good news is new arrivals are still making their homes here in Perth, some giving up their rentals and entering the market as first home buyers and with the abundance of choice, its little wonder the difference the right agent and client relationship can make!
Speak to us to put your property goals into action today!
If your considering buying here is a few “must haves” that you will require when you see your bank/broker.
Demonstrate job stability
Provide a clean credit record
Have genuine savings of at least 5%
Generally operate with good conduct
Dependents vs. Income
If you can easily satisfy all or any of the above criteria, there is a smorgas board of opportunity that awaits you. One of our preferred brokers can help you tailor an offer that is just right for you. One of our agents can help you with what you are looking for and we will make sure we find just the right property that suits what you can comfortably afford.
If you are thinking of selling or buying, you may also consider speaking with your bank or broker. Some sellers discover their second home or investment property may not be worth what it may have been in recent years. An updated market opinion will not just educate you on property values and market fluctuations it will ensure the correct strategy is employed to reach your goals in the exciting new future that awaits you with the decisions you are looking to make.
March has been an incredibly strong month for DQ with our property sales heading back on track. Earlier results indicate vendors were discounting in the first part of the year leading up to March. This means the market is crowded with fantastic buying opportunities at the moment. I heard one of my clients say just the other day “this is probably going to be one of those times, where we all look back and say the market was good back then, we should have bought a second home.
The growth in listings now at an estimated 17’799 continues to keep prices bumping along with the overall market median moving sideways at around $485,000, based on preliminary REIWA data. The proportion of vendors discounting on price is sitting at about 72% with an average discount of 7 per cent. The average selling days for the three months to February have also eased out to 81 days. At DQ we have had many properties sell in the first 8 weeks of going to market and turnover on volumes and prices achieved showing a recovery since March.
Auctions clearance rates in Perth made up 3.3 per cent of all sales last year up from 2.7 per cent in the previous year.
The rental market has showed strong improvement with a positive $10 upswing earlier this year on the median, the first time in nearly 18 months. If you are looking to build your property portfolio the property market offers some fantastic opportunities today. Speak to one of our management teams to learn what we can do for you. We have seen pend up demand building as most or our rental properties are selected early to market.
A report conducted in March by one of the banks claimed key employees are suffering to be able to afford properties in our Wanneroo area, our study in to the area reveals some very fascinating statistics.
On the evidence, it seems that several areas in Wanneroo are relatively affordable and only 9 suburbs were at or above the median price($480'000 REIWA Dec 2010) for properties in the Perth metropolitan area.
Out of the 23 suburbs that make up Wanneroo, 6 suburbs experienced positive growth on their median price, based on figures released in Dec 2010 from REIWA.
Wanneroo promises to be very affordable area with very attractive offerings starting from $330’000 in Koondoola to $2’420’000 in Mindarie based on sales records for the year to December.
Over the year to September, 5’475 people migrated to Western Australia. National population figures are down, based on a report released by the ABS however WA continues to have the highest growth rate in the nation at 2.1%. The good news is new arrivals are still making their homes here in Perth, some giving up their rentals and entering the market as first home buyers and with the abundance of choice, its little wonder the difference the right agent and client relationship can make!
Speak to us to put your property goals into action today!
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