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Investing in a property is no walk in the park. There are different legal facets that you need to be aware of to avoid future headaches. In today’s episode of the WA Property Q&A podcast, we’ll deep dive into some legal aspects of property buying with the help of legal expert Les Buchbinder, co-founder of BBV Legal, to discuss the intricacies of buying property in Western Australia.
In this episode you will learn about:
· the details of the REWA Offer and Acceptance form,
· what you need to know about finance clauses,
· the importance of clarity in contractual terms,
· and the potential pitfalls of waiving finance conditions.
Les also offers some real valuable and practical advice on issues such as the role of mortgage brokers, handling finance approval letters, special conditions, disclosure obligations, and the legal standing in estate sales.
00:00 Introduction to WA Property Q&A Podcast
00:46 Meet legal expert Les Buchbinder
02:54 Understanding the REWA offer and acceptance
04:36 Finance clauses and legal obligations
09:17 Finance approval and valuation conditions
17:50 Waiving finance clauses: risks and considerations
24:53 Navigating finance approval complexities
28:52 Conditions on a contract: simplifying terms
31:43 The 'As Is' clause and its implications
35:45 Disclosure obligations for real estate agents
44:00 Legal issues in offer and acceptance
48:58 Concluding thoughts and contact information
Links and Resources:Rezzi Website: https://rezzi.com.au/
Check out Les Buchbinder's website: Leslie BuchBinder | Perth Law Firm Director | BBV Legal
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A podcast, Peter explores the complex world of property buying in Western Australia, focusing on assistance available to first home buyers. Joined by Franca Jankowski, a leading senior conveyancer, and Andy Lo, a top-tier finance broker, the discussion covers various grants, including
the first home owner grant,government guarantee scheme,and stamp duty concessions.They delve into market challenges such as borrowing capacity limitations, competitive landscapes, and rising property prices. Practical advice is provided for potential buyers on making informed compromises, utilizing schemes like the first home super saver scheme, and navigating bank loans.
Chapters:
00:00 Introduction to WA Property Q&A Podcast
00:47 Meet the Experts: Franca Jankowski and Andy Lo
01:38 Challenges for first home buyers
04:48 Grants and financial assistance for first home buyers
07:12 Government schemes and eligibility criteria
14:16 Super Saver Scheme: pros and cons
18:58 Impact of tax cuts and interest rates on property market
22:39 Eligibility criteria for first-time buyers
23:52 Stamp duty vs. Land tax debate
27:01 Challenges for first-time homeowners
31:58 Improving borrowing capacity
39:48 Risks of cash offers and Pre-approvals
44:35 Final thoughts and contact information
Links and Resources:Rezzi Website: https://rezzi.com.au/
Aussie Home website: Andy Lo | Mortgage Broker in Victoria Park, WA | Aussie Home Loans
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A podcast, host Peter Fletcher delves into the intricacies of property buying in Western Australia with special guest Veronica Morgan, founder of Good Deeds Buyers Agency in Sydney and host of the 'Elephant in the Room' podcast.
The discussion covers various topics including
· the importance of local expertise,
· the pitfalls of off-market listings,
· and the qualifications and ethical considerations for buyers agents.
Veronica shares her extensive knowledge and experience, offering valuable advice on making informed property decisions, and emphasizes the importance of due diligence and critical thinking in the property market.
00:00 Welcome to WA Property Q&A: Unveiling the Secrets of Property Buying
00:51 Spotlight on Veronica Morgan
02:52 The mission to empower smart property decisions
08:27 Debunking the myths of off-market properties
11:42 The realities of buyer's agents and market misconceptions
16:30 Navigating the regulatory landscape of buyer's agents
22:59 The FOMO effect in property buying
23:11 The problem with FIFO buyers agents
24:39 Expectations vs. Reality: the role of a buyer's agent
25:40 The misleading nature of data-driven property decisions
26:10 Local knowledge vs. data in property investment
28:28 The pitfalls of not understanding local market dynamics
33:38 The importance of physical inspections in property buying
34:51 Understanding buyer's agent fees and services
36:25 Characteristics of a good buyer's agent
41:52 Learning and Growth: The journey of a buyer's agent
44:57 How to connect with Veronica Morgan
Links and Resources:Rezzi Website: https://rezzi.com.au/
Veronica Morgan Website: https://veronicamorgan.com.au/
Check out Veronica’s book - Auction Ready
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A podcast, we have the pleasure of bringing you one of Australia’s top buyer’s agents Trevor Dunkley. During our hour-long interview we discussed:
· the intricacies of purchasing investment properties in WA, including market trends,
· the importance of budget in defining a sound property strategy,
· and the significance of incorporating professional advice in the buying process.
Trevor shares insights from his extensive experience, emphasizing the fundamental factors influencing property investment decisions such as location, market dynamics, and long-term holding benefits. Furthermore, the podcast covers the critical role of assembling a proficient team comprising brokers, accountants, and financial planners to ensure informed decision-making.
Additionally, Trevor discusses strategies for successfully navigating competitive markets to secure investment properties, highlighting the balance between yield and capital growth, and the potential pitfalls and opportunities within specific regions and property types in Western Australia.
00:00 Show introduction
00:46 Meet the expert.
03:07 The art of buying investment properties in Perth.
03:30 Decoding the awards: what makes a top buyer’s agent?
06:20 Investor insights: navigating the Perth property market
09:54 Strategies for positive cashflow and capital growth
21:57 The importance of budget in property investment
28:11 Decoding the ideal property location
31:00 Exploring investment strategies and budget considerations
35:23 The role of a property investment team
38:00 Insights from a buyer's agent: Experience and strategy
41:24 Navigating the competitive property market
50:02 Closing thoughts and contact information
Links and Resources:Rezzi Website: https://rezzi.com.au/
Property Wizards website: Home - Property Wizards: Buyers Agents & Property Investment Perth WA
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A podcast, CoreLogic's executive research director, Tim Lawless joins us in unraveling the recent trends and future predictions of the Western Australian property market. He shared his expert analysis on
· His perspective on the current 20% growth rate in Perth's housing values,
· the potential for future growth,
· investment lending trends
· the impact of various factors such as the economy, employment rates, migration, and the role of investors.
· the effect of COVID-19 on the market.
Tim also shared his observations about the factors influencing market dynamics, such as the impact of the mining sector, affordability comparisons with Eastern states, job growth, and migration patterns.
They discuss the affordability gap between Perth and Sydney, the anticipated effects of the WA state budget on economic diversification, and the ongoing challenges in the construction sector. Lawless also addresses the impact of net overseas migration on rental demand and the potential implications of iron ore prices and mortgage arrears on the property market and predictions on interest rates. The conversation encapsulates a broad overview of the dynamics influencing the WA property market, offering listeners valuable insights into its complexities and future prospects.
Chapters:
00:00 Introduction to WA Property Q&A Podcast
00:47 Special guest Tim Lawless: Insights into WA's property market
02:09 Predicting the WA property market - growth and trends
03:16 Comparing past and present: The mining boom vs. now
05:28 The role of supply and demand in property prices
06:25 Addressing the challenges of construction and housing supply
07:25 Economic factors influencing the WA Property market
11:27 Migration's impact on housing and the economy
15:18 Navigating mortgage and lending in a changing market
18:00 Investor activity and its influence on the market
26:29 Closing thoughts and wrap-up
Links and Resources:Rezzi Website: https://rezzi.com.au/
CoreLogic Website: https://www.corelogic.com.au/
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A podcast, Peter has an in-depth interview with Kora Drage, a financial advisor from Visia Financial Services. They dive into the nuances of buying property in Western Australia, exploring some important topics that are often ignored or neglected, including
· the importance of having a financial plan,
· differences in generational financial strategies,
· the advantages of adopting a financial plan early
· the role of property in personal finance,
· specific strategies young and first-time buyers can leverage
· and various government schemes like the First Home Super Saver Scheme to assist first-time homebuyers.
In addition, the discussion also covered the significance of diversification in investments, advantages and potential risks associated with investment in property compared to share portfolios, and the impact of life circumstances on financial planning.
Links and Resources:
· First home super saver scheme
· Kora Drage on LinkedIn
· Visia Financial Services
· Rezzi
· Peter Fletcher on LinkedIn
Subscribe on these channels:
· Apple Podcasts
· Spotify
· Podchaser
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In this episode, real estate expert Peter Robertson from William Porteus International joins us to discuss his high-end property sales, averaging $3 million per property. Peter emphasizes customer-centricity serving high net worth individuals and international buyers seeking exclusive properties in Western Australia. His deep knowledge of top-end properties around Perth, built through years of dedicated service, is evident in his discussion of multimillion-dollar residences in prime locations.
Peter delves into the importance of trust and long-term relationships in his real estate career, showcasing his excellence in facilitating high-value properties reaching $15 to $25 million. He highlights some key things including:
the significance of privacy and discretion for clients in the upper end of the market,emphasizing integrity and client-centric practices.The importance of value over cost in real estate transactions,advocating for skilled negotiation and client-focused strategies for optimal outcomes.Links and Resources:
Rezzi
William Porteus International
Peter Robertson on LinkedIn
Subscribe on these channels: Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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This week’s episode we chat with award winning architect, educator, and consultant, Sid Thoo.
If you are on the hunt for the next property that is eco-effective, sustainable but within the budget, then be sure to listen to the whole episode. The discussion covers topics such as
• what makes a home flow
• how to make an older home more sustainable,
• the importance of insulating more than just the roof space,
• why sealing gaps is an important piece of the puzzle,
• the ROI of solar panels, and
• the importance of good design in creating a comfortable home.
Sid also shares insights on the importance of conscious design in building better homes.
Links and Resources:
Rezzi - https://rezzi.com.au/
Sid Thoo - https://www.linkedin.com/in/sidthoo/
Sid Thoo website - https://sidthoo.com/
Liveble housing in Australia - https://livablehousingaustralia.org.au/
Liveable and adaptable homes - https://www.yourhome.gov.au/live-adapt/liveable-adaptable-home
Subscribe on these channels: Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A Podcast, we are joined by Nikki D'Agostino, consultant at The Efficiency Co, a Licensed Real Estate & Business Agent with over two decades in the industry.
Nikki share valuable insights into the nuances of buying strata property including:
• understanding the Pre-Contractual Disclosure Statement,
• the significance of Annual General Meeting (AGM) minutes,
• potential risks of off-the-plan purchases,
• and the importance of 10-year maintenance plans.
Links and Resources:
Rezzi Website: https://rezzi.com.au/ Subscribe on these channels: Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
Where to Find Nikki:
Instagram: @nikkildagostino
LinkedIn: https://www.linkedin.com/in/nikkidagostino/
OUR PODCAST SOCIAL MEDIA HANDLES:
@peterfletcher on FB, Li, X and Insta
@rezziau on FB, Insta and Li
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Dive into the heart of Western Australia's property scene by exploring Subiaco, a gem that caters to families and young professionals alike. Recognized by Place Score's 2023 Australian Liveability Census as a premier destination, Subiaco's allure is undeniable. Join us on WA Property Q&A as Clare Nation from The Property Exchange sheds light on what makes Subiaco a must-see location.
**Key Topics:**
1. Subiaco's unique property market charms.
2. The draw of finished properties for strong market demand.
3. Insights into Western Australia's buyer demographics.
4. Seller strategies for property enhancement.
5. Lifestyle and amenities' impact on purchasing decisions.
6. Tips for swift property sales and value boosts.
7. Buyer strategies in a competitive market.
**Chapters:**
- Introduction to WA Property Q&A
- The evolution of The Property Exchange
- Future visions for The Property Exchange
- Analyzing Subiaco's market and demographics
- Understanding diverse buyer profiles in Subiaco
- The lifestyle and amenities of Subiaco
- Subiaco's safety, crime rates, and livability
- Trends and demands in the property market
- The importance of accurate pricing and avoiding speculation
- Upholding professionalism and integrity in real estate
- The appeal of move-in-ready properties
- The role of personal connection in negotiations
- The concept of a "no regrets" price for buyers
- Taking a long-term view on property investments
- Connecting with Clare Nation
**Links and Resources:**
Visit Rezzi's Website and follow us on Apple Podcast, Spotify, and Podchaser for more insights into the WA property market.
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Death in the family is a difficult time for every member, but the loss of a loved one is often times aggravated because of disputes on who takes what of the estate that was left behind.
In this episode of WA Property Q&A, estate planning expert, Joel Starke joins us to discuss the ins and outs of wills and estate planning. Joel also shares insights on dealing with complex estates and the importance of proper planning.
Be sure to listen to the full episode to learn more about:
The importance of wills and why every property owner should have oneUnderstand family laws that govern estatesHow to properly structure your trustsThe three people you need to talk when preparing your estate structureWhat you need to know about superannuationYour rights as a surviving family memberAnd more…Chapters:
00:01 Introduction to the WA Property Q&A Podcast
00:48 Who is Joel Starke?
01:33 Understanding the importance of wills in property ownership
02:49 Exploring the concept of joint tenancy in property.
04:21 The role of trusts in property ownership
08:44 The role of executors in estate planning
11:21 Importance of accounting and financial planning advice
12:39 Intricacies of superannuation in estate planning
15:35 The impact of family dynamics on estate planning
34:43 The risks of not having a properly drafted will
39:23 Understanding testamentary trusts
44:28 Conclusion: the importance of proper estate planning
45:48 Podcast wrap-up
Links and Resources:
Rezzi: https://rezzi.com.au/
Joel Starke Legal: https://www.jstarkelegal.com.au/
Joel Starke on LinkedIn: linkedin.com/in/joel-starke-a5342415a
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A Podcast, Peter is joined by Ches Rafferty, owner of Scantek, an expert in identity verification technology.
Peter and Ches unpack the lessons from a recent near miss where a property scammer almost sold a property without the owner's knowledge. They take a deep dive into the obligations of real estate agents to help prevent property frauds and they look at the ways the state government and industry stakeholders could do more to prevent future property frauds.
Listen to the full episode to learn more about
The full story of the fraud attempt and how it was discoveredWhat role do real estate agents play in preventing fraudUnderstanding the telltale signs of fraudulent transactionThe importance of doing your due diligenceWhy human led identify verification is vulnerable to “bias”How technology can play a pivotal role in a more effective identity verificationAnd more…Chapters:
00:01 Introduction and disclaimer
00:48 Special Episode introduction: property fraud
01:36 Narrating a real-life property fraud incident
06:29 Unpacking the incident: The role of conveyancers
06:52 The importance of verification of identity
07:31 The role of real estate agents in preventing fraud
07:57 The concept of 'reasonable steps' in verification
14:59 Limitations of current verification methods
21:24 Risks of emailing identity documents
23:50 The importance of online solutions for real estate agents
24:40 Understanding back to source checks
28:35 Biometrics in identity verification
29:02 Human factor in identity recognition
31:45 The role of location in identity verification
43:57 The need for improved protection for property owners
44:47 Conclusion: The value of asking one more question
Additional resources mentioned in this episode:
Leanne Phoebe from Cockburn Central Property Settlements REIWALandgate ScantekLeanne’s StoryMPR Guidance noteVisit our website: https://rezzi.com.au/ Subscribe on these channels:
Apple Podcast: https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify: https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode of the WA Property Q&A Podcast, Prash Nayar from Real Estate Tribune joins us as we uncover the investment opportunities within Ellenbrook.
We explore the suburb’s growth potential, fueled by its strategic location near major freeways and the upcoming 2024 train line. Discover how Sikh and Hindu temples are shaping the area and influencing property trends. We also delve into the appeal of multi-generational homes and homes near the golf course that draw interstate investors.
This and more valuable topics await you in this episode including:
· What makes Ellenbrook appealing to investors
· High yields and investment opportunities in Ellenbrook
· Realistic market values and price expectations
· Different parts and features of Ellenbrook
· The Promenade: Central hub for convenience in Ellenbrook
· A quick look at Caversham and Brabham
· And more…
Chapters:
0:00:01 Welcome to the WA Property Q&A, your property guide
0:00:49 Introducing Prash Nayar and his experience in the property industry
0:03:02 The appeal of Ellenbrook: proximity to the city and cultural amenities
0:04:59 Exploring the perception vs. reality of Ellenbrook's appeal
0:07:01 Multi-generational homes and larger block sizes in Ellenbrook
0:09:02 High yields and investment opportunities in Ellenbrook properties.
0:11:07 Solving a key problem leads to high rental applications
0:13:32 Proximity to the city and comparisons to Sydney and Melbourne
0:16:23 Mash Brewery and its distance from Ellenbrook
0:20:28 Potential increase in property prices in Ellenbrook
0:27:13 Benefits of living in Caversham and Brabham
0:30:14 Fire zones
0:34:18 Road works and access in Ellenbrook
0:42:06 Wrapping up another episode with valuable property insights
Visit our website: https://rezzi.com.au/
Subscribe on these channels: Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149 Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode, we dive into the inner-city Belmont market with seasoned industry leader, Michael Keil. Michael shares his wealth of experience, drawing parallels between his successful real estate career and his past as a footballer, emphasizing the critical role of client responsiveness and customer service.
Michael delves into the importance of having pre-approval for financing to enhance the likelihood of a successful property purchase, all while addressing the significant impact of government policies on the housing market.
From sales strategies to market trends and the impact of external factors on property values, this episode covers it all.
Whether you’re a buyer, seller, or investor, this conversation is packed with essential advice and expert perspectives. Don’t miss out on this opportunity to level up your real estate game!
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In the latest episode of WA Property Q&A, Peter chats with Charlie Cunningham, the visionary co-founder of AussieHome.com.
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In this episode of WA Property Q&A, I am joined by Preston Rowe Patterson’s Senior Valuer, Ben Archibald. In this 50 minute conversation Ben shared with us his insights on the different aspects that affect a property’s valuation and the complexities of determining accurate property valuations in the current volatile market.
The conversation extends to the significance of separate living areas, ceiling heights, and functional floor plans in determining a property's value. We also talked about the importance of getting good advice when buying or renovating a property and the value of receiving independent advice and what considerations should you have as a property buyer before making an offer.
There is just so much to talk about but so little time, so be sure to listen to the full episode for other topics we’ve covered including:
· Best places to invest for potential growth and affordability
· Furnishing rental properties and capitalizing on opportunities in order to outperform average returns
· Factors like property type, size, and potential for value-add instead of trying to predict which suburbs will appreciate in value.
· Livability index and identifying which suburbs are the most livable
· Criteria for livability - factors such as safe streets, dining options, proximity to transportation, and natural resources.
· Why character homes are selling better.
· And more…
Visit our website: https://rezzi.com.au/
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In this episode I talk with one of the founders of Green Gurus Chiara Pacifici. Chiara is a senior sustainability consultant and principal of Community West Real Estate. Regarded as one of the rising stars in the real estate industry, Chiara is an advocate for sustainability and green buildings.
We discuss the growing importance of sustainability and energy efficiency and explore design principles for cost-effective and comfortable homes, the significance of solar panels, and the role of real estate agents in promoting energy efficiency.
We also touch on energy efficiency standards, the need for disclosure statements, and the education efforts of REIWA and Green Gurus. There’s so much more to learn in this episode including:
· Key components to make your property more comfortable
· Why insulation is a top priority
· The benefit of solar panels
· Energy efficiency ratings
· How to use a property’s energy efficiency as a selling point
· Livability framework – 17 features you need to know
· And more…
Chapters:
0:00:46 Introduction
0:08:41 Importance of orientation and placement of glazing
0:10:03 Solar passive design principles
0:12:56 The importance of insulation
0:20:42 The payback period for solar panels
0:25:01 The importance of landscaping in passive solar design
0:26:58 The Green Gurus sustainable homes checklist
0:29:13 The importance of energy efficiency in property sales
0:36:35 Ways to improve a home’s energy efficiency
0:39:37 The possibility of mandatory energy efficiency disclosure
0:41:47 Who should pay for an energy efficiency report
0:44:30 REWA's efforts in educating real estate agents
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Success in the real estate industry as an agent is not all about how many properties you sell. It’s not even how much you make, at least for some. In today’s episode of the WA Property Q&A podcast, we are joined by one of Perth’s multi award winning real estate agents who has built an enviable reputation of doing things “differently.”
Natalie Hoye is the Director at Red Fox Property Group. Nat calls what she does as real estate alchemy. It’s an exciting conversation that will give you a glimpse of Natalie’s style of “sales” that’s not sales at all: it’s much more consultation based on deep listening and being present for her clients.
We’ve covered some familiar topics but also some that you wouldn’t expect from a real estate. Nat is a true gem and her insights are deep.
Topics we cover include:
· Key elements of a livable suburb
· Being smart about renovations – cosmetic vs. structural changes
· How to deal with an unpredictable market
· The power of authenticity and connection
· Helping buyers get their name on a title. It’s the simple things that make a big difference.
· Why it’s not about commission but connection
Chapters:
0:00:01 Introduction to WA Property Q&A Podcast
0:00:49 Introduction to Natalie Hoy and Red Fox
0:04:30 Top four suburbs: Mount Lawley, Inglewood, Bedford, Bayswater
0:06:27 Social precincts and amenities in livable suburbs
0:08:37 Access and walkability vs. traffic Congestion
0:11:58 High demand school zones
0:14:00 Increasing prices and demand in the inner city market
0:16:10 Decreased appetite for renovating properties
0:17:19 The shift in expectations: COVID and societal changes
0:21:26 Multiple offers and the surprising market response
0:25:01 Sellers’ emotional connection and the importance of letting go
0:31:55 Being of service and avoiding commission breath
0:37:10 Negotiating a revised offer with sellers
0:39:45 Sellers accepting lower offers for certainty
0:40:54 Wrap up
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And in today’s episode, we’ve invited back to the show, Ryan Tripi from Westminster National Finance Brokers to answer some of the most common questions about financing property investments.
We discuss the impact of increasing interest rates on the WA property market and look at the strategies available to investors to shield themselves from future rate changes.
The state of interest rates and Ryan’s personal outlookShould you choose fixed rates over variable rate for your mortgageThe fixed rate cliff: impact on mortgage holders and the property marketMitigating financial pain and last resort optionsInnovation in finance – trends and digital revolutionChapters
0:00:00 Welcome to the WA Property Q&A
0:01:44 Interest rates: peaking or potential rate cuts?
0:03:21 Fixed rate vs. variable rate mortgages
0:04:42 The average mortgage size and market struggles for first-time buyers
0:07:11 Market outlook: limited supply, construction sector pressures, and potential solutions
0:11:28 Mitigating Financial Pain and Controlling Expenditure
0:12:47 Downsizing as a Last Resort
0:19:46 The Benefits of Offset Accounts and Redraw Facilities
0:21:32 Choosing the Right Entity for Property Ownership
0:24:26 Trends in Finance: Efficiency and Digital Revolution
0:30:27 Market insights
Visit our website: https://rezzi.com.au/
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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In today’s episode of WA Property Q&A Podcast, we are joined by senior licensed conveyancer Franca Jankowski. Franca is not only experienced in the Australian market but has also gained experience in the US property conveyancing or escrow as it’s known there.
Franca has settled well over 5,000 property transactions in Western Australia so she seen the good, the bad and the ugly of conveyancing.
In this episode we discuss:
The importance of getting your name right on the contractWhy you MUST read your contract and seek the appropriate professional advice before proceedingUnderstand the scope and limitations of seller warranties. They aren’t the escape clause many people think they are.What to do if your name isn’t noted correctly on the contractWhat you need to know about “No Cooling off Period” in WA propertyAnd more…Chapters
0:00:00 Introduction to WA Property Q&A
0:03:11 Pros and cons (hint: there aren’t many) of the Torrens title system
0:06:03 The significance of getting your name right on the contract
0:08:18 Handling name changes in property transactions
0:09:58 Importance of clarifying names
0:20:09 Title descriptions for transactions where titles are yet to issue
0:22:08 Importance of simple and clear finance clauses
0:26:40 Understanding the scope of structural inspections
0:29:51 Realistic expectations for property maintenance and inspections
0:33:58 The importance of clear contract conditions
0:36:27 No Cooling Off Period in WA, Conditions are Essential
Visit our website: https://rezzi.com.au/
Subscribe on these channels:
Apple Podcast - https://podcasts.apple.com/us/podcast/the-wa-property-q-a/id1698464149
Spotify - https://open.spotify.com/show/31Nnigbr2rHmUffkEUxRWY
Podchaser: https://www.podchaser.com/podcasts/the-wa-property-qa-5401298
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