Finance Broker Joondalup in Joondalup | Estate agent

Finance Broker Joondalup

Locality: Joondalup

Phone: +61 8 9300 0626

Address: 2/124 Winton Road 6027 Joondalup, WA, Australia

Website: http://www.easyloans4u.com.au

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25.01.2022 Welcome to 2019: a year for optimism in the market By Nick Allingame UDIA WA President www.udiawa.com.au/ The development industry in Western Australia is kicking off 2019 in an optimistic state of mind. After a challenging few years, the positive signs in the broader economy keep coming and we are confident 2019 will be a year of recovery and moderate growth for the new land & housing market. This positivity has been boosted by the forecast for an early return to surplu...s in the State Budget and the hope that more stable economic conditions will encourage the State Government to further invest in critical infrastructure for the future growth of Perth and the regions. This type of investment is important for boosting the economy and ensuring strong employment across the state. Government policy at all levels will be critical in supporting the potential market recovery in 2019. At a federal level, the outcome of the election in May is likely to lead to changes in government policy that will have an impact on the market here. The Federal Labor Party has made significant promises in relation to housing affordability, including announcing a $6.6 billion affordable rental plan that will see 250,000 new homes built across the country over the next decade. According to Labor, the program will provide annual incentives of $8,500 per year for 15 years for newly constructed properties that are owned or managed by a registered community housing provider, and they will be mandated to provide 20% below market rent for eligible Australian tenants on low and middle incomes. This policy is a step in the right direction for growing the stock of affordable homes available to those who need them, as well as providing a much needed boost to the construction industry. However, UDIA is concerned Labors current position on negative gearing and capital gains tax will jeopardise the broader supply of affordable rental accommodation that is delivered to the market via private mum and dad investors each year. At a state level, we would like to see tangible progress on the implementation of recommendations from the planning reform agenda that was initiated in November 2017. The recommendations were handed down in May 2018 and we are yet to see a formal government response. We would particularly like to see the recommendations around local government planning community engagement and efficiency implemented so the industry can deliver projects to the community in a more timely and affordable way. These issues are just the tip of the iceberg when it comes to the policy issues that UDIA will be navigating this year, with the aim to ensure governments at all levels support the market recovery that will benefit our state as a whole. See more

24.01.2022 REIWAs 2019 outlook indicates stable market and an improved rental sector by Damian Collins REIWA President https://reiwa.com.au/ With the end of the year fast approaching, conversation is quickly turning to 2019. This is especially the case in real estate, with agents, buyers, sellers, tenants, investors and even casual observers wondering whats in store for Western Australian real estate in the New Year. REIWA recently released its outlook for 2019, which provides a...n overview of the market conditions expected during the forthcoming 12 months. The Perth property market has been fairly subdued during 2018 and REIWA expects to see stable or similar results next year, with the rental market shaping as a notable exception. Weekly sales have hovered at around 500 per week in Perth throughout 2018, while listings for sale were largely unchanged from 2017 levels, fluctuating between 13,000 and 16,000. Listings should continue to trend at current levels throughout 2019. While we expect sales activity in 2019 to largely reflect what weve seen this year, there is a possibility rising consumer confidence levels, coupled with improved housing affordability may translate into increased sales volumes in 2019. And if weekly sales remain at current levels or better, Perths median house price could improve during the next 12 months. Tightening lending standards loom as a potential deterrent to any sales or median price improvement in 2019, as this could restrict the number of people who are able to purchase a property. Additionally, if the banks choose to increase interest rates again, this could adversely affect buying and lending conditions in WA. REIWA analysis shows the upward trajectory of the Perth rental market should continue through 2019, with stable population growth and slowing new-building construction levels the key drivers for some marked improvement in this sector. With population growth in WA expected to remain stable and new dwelling commencements slowing, Perths available rental stock should continue to decline. This should see competition amongst tenants increase, putting further downward pressure on the vacancy rate, which now sits at 3.3%. Remarkably, Perths overall median rent price has held at $350 per week since April 2017 the longest period of stable rents Perth has experienced since REIWA first started recording rental data in 2001. If listings continue to decline and leasing volumes remain healthy, we should see the overall median rent price increase in 2019 for the first time since September 2014 which will be a nice change of pace for landlords. Pleasingly, the WA market appears to be stabilising and moving towards a recovery, however REIWA remains cautious about expectations of rapid growth during the next 12 months. See more

22.01.2022 To claim or not to claim By Mark Hay Mark Hay Realty Group Principal https://www.markhay.com.au/ Knowing what you are able to claim from the Australian Taxation Office as a landlord can be difficult. There are a growing number of investors who are unwittingly leaving themselves open to investigation by claiming renovations and refitting of rental properties as maintenance items. In the wake of all the home renovation shows and wealth creators urging investors to add valu...e to their investment properties, I am constantly seeing clients making claims that will be disallowed by the taxation office. For instance, repairs must be related to fair wear and tear over a reasonable timeframe. If an investor repaints and extends an existing investment property within, say, six to twelve months of owning their investment property, they cannot claim repairs and maintenance on 100% of the cost in the year of expenditure, rather, the tax office would suggest these are depreciable at the relevant tax rates, which could be as low as 2.5% per annum. Similarly, replacing and old and broken wardrobe with a built-in wardrobe would once again be deemed a structural or capital improvement and would only be depreciable at 2.5% and not 100%. Whilst there are billions of dollars of unclaimed depreciation lying idle every year, the taxation office is now looking very closely at ensuring all these claims are legitimate. To ensure you are claiming your correct entitled expenses, it may be wise to enlist the assistance of your accountant or a similarly qualified person. See more

22.01.2022 Competition key to safeguarding property market from royal commission fall out http://easyloans4u.com.au//competition-key-to-safeguardin/

22.01.2022 Innovative policies required to kick-start WA property market by Damian Collins REIWA President https://reiwa.com.au/ The Western Australian Government released its 2018-19 mid-year budget in the lead up to Christmas, bringing with it some good cheer, as the mid-year review showed the states budget position had exceeded expectations. State Treasurer Ben Wyatt announced WAs economy was expected to grow by 3% in 2018-19, up from 1.9% in 2017-18. This improvement is ...good news for the state and presents the McGowan Government with an opportunity to reinvigorate the real estate sector with some innovative policy initiatives. While the worst of the market downturn appears to be over, our local market remains subdued. Revenue from transfer duty is at a record low expected to be down almost $1 billion across the forward estimates and incentives are clearly needed to give people the confidence to buy and sell property again. Transfer duty (or stamp duty) remains the biggest hurdle to homeownership and a significant deterrent for those looking to trade up or downsize into something more suitable. With Western Australians holding onto their properties for longer and being less inclined to move, this has resulted in a stagnant property market. In order to address this issue, the McGowan Government needs to seriously consider undertaking a state tax review. Tax reform is critical to the prosperity of our state, and REIWA would like to see the WA Government set aside funds for a thorough investigation into the economic impacts of phasing out transfer duty in favour of a broad-based land tax. We would also like to see a transfer duty concession introduced for seniors over the age of 65 to enable them to right-size into more appropriate housing, freeing up more large family homes for Western Australians wanting to trade up. Although WA retains the largest proportion of first homebuyers in its owner-occupier market out of any state or territory in the country, the volume of first homebuyers in WA has declined in recent years. To help address this issue, we would like to see the WA Government reintroduce the $3,000 First Home Owner Grant (FHOG) for eligible buyers of established properties. As it currently stands, the FHOG unfairly penalises buyers wanting to enter the established market by only providing assistance to those who chose to build. A 43,000 FHOG for established properties will go a long way to evening the playing field and will result in more transfer revenue for the state. As the WA economy begins its recovery, it is important the WA Government doesnt sit on its hands and just wait for the market to turn. Now is the time to take action and think of new ways to drive the states economy forward. See more

20.01.2022 time-to-abolish-heavy-burden-of-stamp-duty

19.01.2022 http://easyloans4u.com.au//06/the-best-smell-for-your-home/

19.01.2022 Perth rental market experiences notable improvement By Damian Morris REIWA President htpps://reiwa.com.au/ The Perth rental sector is leading the WA property markets recovery, with REIWA September quarter data showing leasing activity is up, median rents are stable, stock levels have reduced, average leasing times are quicker and the vacancy rates have plummeted to its lowest level in more than four years. The quarter saw Perths median rent remain stable at $350 a wee...k for the sixth straight quarter the longest stretch of stable rents Perth has experienced since REIWA started capturing data in 2001. In addition, when we isolate the number of leased properties to just houses (excluding units), Perths median house rent actually increased $10 to $360 per week during the quarter which is good news for landlords. Although overall median rent was stable, there were 105 suburbs across the metro area that experienced an increase in median rent during the September quarter. The five best performers were Kallaroo (up 39.5% to $530pw), City Beach (up 25.9% to $850pw), Gwelup (up 24.5% to $623pw), Cottesloe (up23.5% to $605pw) and Alexander Heights (up 21.9% to $390pw). We also saw a notable improvement in leasing activity during the quarter, with 13,234 properties leased a 5.2% increase on the June 2018 quarter. The five suburbs with the highest volume of properties leased were Perth (346), East Perth (343), Scarborough (319), Baldivis (243) and Maylands (235). Rental stock in Perth continues to ease, with listings for rent declining 11.9% during the quarter and25.1% compared to last years September quarter. This sharp decline can be attributed to leasing activity improving and new dwelling commencements slowing, which has put downward pressure on listing volumes. Landlords found it quicker to find a tenant during the September quarter, with the average number of days it took to lease their rental reducing to 46 days. This figure is one day faster than the June 2018 quarter and eight days faster than last years September quarter. Finally, Perths vacancy rate declined to 3.9% during the quarter the lowest level Perth has experienced since the March 2014 quarter and below the 10 year average. After enduring a very challenging few years, the results of the September 2018 quarter are very encouraging and should provide landlords and investors with a lot of confidence moving forward. We appear to be moving towards parity in the Perth rental market. Investors have been inactive in the last few years during the rental downturn, but likely to return to buying now that rental conditions are improving and interest rates remain low. See more

18.01.2022 How location and amenities add value in more ways than one By Nick Allingame UDIA WA President www.udiawa.com.au/ When purchasing a new home, whether its in an established or newer area, there are a number of things to consider about the location and whether it suits your needs. For example, it is important to look at the local services and amenities on offer and whether these reflect your lifestyle and requirements, such as schools, shops, employment options, public open... spaces and recreation areas, medical facilities and public transport. What is interesting is proximity to many of these types of infrastructure and services are not only important for convenience, it also has a positive impact on property prices in the long term. Take schools for example. Recent research by Domain found house prices in top-performing school catchment zones in Brisbane rose between 19% and a staggering 40% in just 12 months from 2016 to 2017. That is compared to average house prices across Brisbane rising a more conservative 3.5%. It is no secret there are several areas around Perth with highly regarded state schools that attract a premium from buyers wanting to get into the local catchment, such as Rossmoyne and Applecross. In terms of new areas, look at what the plans are for local schools, as a quality new school may mean a good return on your investment down the track. If you are purchasing early into a new area, you will need to look at future plans and if there is allocated funding for a new school. Parks are another proven asset that has a positive impact on home values. Research released last year by Robert Breunig from Australian National University and Syed Hasen from Massey University provides solid evidence to show that, on average, a small local park can add approximately $20,000 to the value of a property within 300 metres of it. That is compared with a property that has unimproved public open space within the same proximity. In terms of public transport, proximity to a train station can also have a positive impact on value, with research based on Sydney property showing homes between 400m and 800m away from a train station achieved an increase of 1.3% on land value. Properties situated under 400m away from a train station achieved, on average, a 4.5% premium in land value. This is good news for those in close proximity to new Metronet stations, including on the new Cockburn to Thornlie line, as well as north to Yanchep and north-east to Ellenbrook. The associated amenities in and around these stations are also likely to add value to surrounding property. See more

16.01.2022 http://easyloans4u.com.au//reiwa-calls-for-reintroduction/

15.01.2022 urban-regeneration-the-key-to-perths-vibrancy

14.01.2022 http://easyloans4u.com.au//housing-diversity-essential-to/

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13.01.2022 Designing Outdoor Spaces

13.01.2022 REIWA welcomes the State Governments small lots position statement

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11.01.2022 Perth Rental Market Strengthens

11.01.2022 Best time to buy in a decade

10.01.2022 Green Shoots Starting To Appear by REIWA President Damian Collins https://reiwa.com.au/ Median House and Unit Price According to preliminary Landgate data, Perths median house price for the September quarter was $490,000. The reiwa.com data showed this figure is expected to lift to around $505,000 once all sales have settled. On an annual basis, reiwa.com data shows Perths median house price has fared quite well, only reducing by 1% between September 2017 and 2018 qu...Continue reading

09.01.2022 Signs point to a recovery Extracted from The West Real Estate (Saturday 12th January 2019) To say 2018 was an interesting year for the local property market would be an understatement. With grass shoots appearing in the Western Australian property market this year, conditions are expected to remain stable into 2019. REIWA President Damian Collins said the market had been fairly subdued overall and weekly sales in Perth had hovered at approximately 500 per week through...Continue reading

09.01.2022 plenty-of-positives-in-the-2019-20-federal-budget/

08.01.2022 Support needed for those entering the property market by Nick Allingame UDIA WA President www.udiawa.com.au Its no secret the property market in Western Australia has weathered challenging times over the last few years, with sales levels and average prices declining since the peak of the last boom in mid-2014. ...Continue reading

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08.01.2022 New Financial Year, Add some New Colour

06.01.2022 This is the Year for Growth and Change

06.01.2022 Market sentiment builds as recovery imminent by Nick Allingame UDIA WA President www.udiawa.com.au/ The downturn in Western Australias property market has been more protracted than many of us expected. However, positive market sentiment is certainly gaining momentum. Premier Mark McGowan was recently quoted in the media advising people in WA to buy a house now because the good times are coming back. Those good times Mr McGowan referenced pointed to data reflecting an... 1.1% expansion in the domestic economy in 2017-18 after four years of decline, along with the GST reform package that will provide a much needed boost to WAs economy. Good news is also emerging from the mining sector, particularly as lithium production in WA expands exponentially. Opposition leader Mike Nahan was similarly upbeat in his speech at last weeks UDIA Industry Luncheon on achieving growth in WA. Mr Nahan said he had great faith in the future growth of Western Australia for a variety of reasons, beginning with the resource sector. He noted the resurgence in gold, iron ore, nickel and lithium production and said the sector was already starting to experience a shortage of workers. Further reinforcing this positive outlook, Bankwest Senior Economist Alan Langford said he was quietly confident there would be a flow-on benefit to WAs property market thanks to the growth in the mining sector, potentially in six to nine months. This boost in mining will attract people to the state, which in turn will result in increased demand for land and housing. The UDIA is confident that a recovery is imminent given our recent analysis of Landgate settlement data which shows positive activity in the top and middle sectors of the market. Our research indicates that premium housing areas in Perth such as Mosman Park and Cottesloe have started to perform well, with strong housing demand and limited supply driving price increases. In fact sales of properties prices $1 million and above in the central metropolitan region have recorded positive annual growth for both the March and June 2018 quarters. In the central region there was 4.7% annual growth in the number of sales above $1 million during both quarters. Turning to areas such as Belmont, Victoria Park, Canning, Fremantle, East Fremantle and Bayswater, indicators point to investors taking up small scale development opportunities in anticipation of the market lifting. For example, Fremantle settlements for lot sizes between 751sqm and 2000sqm have had three consecutive quarters of solid growth, with a significant 31.3% increase in the June 2018 quarter. Given all of this evidence, I am confident that WA is on a positive path heading into 2019. See more

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05.01.2022 Proposed safeguards to new RTA amendments beneficial for landlords and victims By Damian Collins REIWA President https://reiwa.com.au/ Last December the WA Government announced Cabinets decision to amend the Residential Tenancies Act to better support victims of family violence. REIWA supports the Governments efforts to amend the Act. Family violence is a growing issue in our community and we all have a responsibility to help eradicate it and ensure measures are put in pl...ace to assist victims instead of punish them. While REIWA is in full support of introducing measures to ensure victims of family violence are not unreasonably affected by the residential tenancy system, we also believe its important to ensure safeguards are in place to protect the rights of landlords and property owners from the new legislation being utilised without just cause. Following collaboration with the WA Government and various stakeholder groups, REIWA has requested and expects to secure essential safeguards which will help victims of family violence remove themselves from unsafe situations more easily, while simultaneously preventing its misuse by people who are not genuine victims of family violence. We are pleased the WA Government listened to the concerns of the real estate industry and have committed to including a declaration, to be signed by the tenant, in the prescribed forms as part of this Bill. This means in cases where there has been no criminal charges laid, the victim will sign a declaration to reaffirm their claims, removing the need to go to court. This will also assist the prescribed professionals when completing the report in confidence. The declaration also carries significant penalties should the claimant be found to be making false statements. This will act as a hefty deterrent against the misuse of this legislation, which is designed to ensure only genuine victims of family violence are able to prematurely terminate a residential lease. This is a strong outcome for both parties and REIWA welcomes this as an important step in the process of reducing the burdens of the residential tenancy system on victims of family violence while also protecting the rights of property owners. The Residential Tenancies Act (Family Violence) Amendment Bill 2018 is currently before the Legislative Committee who will pass its results to the Upper House on 22nd November 2018, with expectations that the Bill will be introduced by the end of this year. REIWA recommends that all investment property owners ensure that they are fully aware of the upcoming changes and what it could mean for them. It is also imperative to make sure you discuss your landlord insurance policy with your insurer to see if they caver any loss of rental income, should a family violence situation arise. See more

04.01.2022 Median house price increases By REIWA President Damian Collins https://reiwa.com.au/ Greater activity in higher price brackets saw Perths median house price increase in November. It rose 1.6% to $518,000 according to reiwa.com data. REIWA president Damian Collins said this was the second month in a row Perths median house price had shown improvement. (The) median house price has been fairly flat throughout 2018, so its pleasing to see two consecutive months of median... price growth as we head into the new-year, he said. Reiwa.com analysis shows there was a shift in the composition of sales in November, with a greater proportion of transactions occurring above $1million than there were in October. This has contributed to the increase weve seen in Perths median house price this month. The top selling suburbs were Willetton, Baldivis, Canning Vale, Duncraig and Ellenbrook, while Quinns Rock, Willetton, Doubleview, Leeming and Wellard had the biggest percentage growth in sales volumes. While overall sales activity in the Perth metro region remains subdued, numerous suburbs bucked this trend during November to record notable improvements in sales, Mr Collins said. Listings for sale were 5% higher at the end of November than at the end of October and Mr Collins said it was not unusual to see increases in listing stock at this time of the year. Sellers are returning to the market following the lull of the winter period and wanting to get in quick before the holiday season ramps up, he said With listing stock rising, buyers have a good supply of choice available to them, making it a very good time to buy. Perths overall median rent price remained steady at $350 per week in November, but there was a $5 increase in the median unit rent price. While the overall median and median house rent ($360 per week) were stable, pleasingly the median unit rent did increase to $330 per week, Mr Collins said. Additionally, when we compare the November 2018 median unit rent to three months ago (August 2018), reiwa.com data shows the unit rent has increased by $10 per week. The five suburbs that experienced the biggest percentage increase in leasing activity during November were Kardinya, Coolbellup, Bedford, Kelmscott and Harrisdale, while Perth, East Perth, Scarborough, South Perth and Baldivis had the most number of leased properties. Listings for rent were stable in November, remaining below 7,000 and a significant 25% lower than the same time last year. See more

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01.01.2022 REIWA welcomes the State Government’s small lots position statement