Market Update

7 Dec

We trust that you have had a great start to the week and you are getting organised for the festive season!!

It has been all systems go in the office with 13 sales on the sales board and it is only the 7th December!

We haven’t seen so much buyer momentum throughout the whole office all year!

We get the feeling that the real estate market has hit the bottom and buyers are realising this and are making their move before prices and interest rates increase.

Yesterday it was announced that the RBA decided to leave the cash rate unchanged at 1.50%.

In the lead up to +the 2017 State Election, REIWA will be campaigning for the reform of property taxes to help make the dream of home ownership a reality for more West Aussies.

REIWA will be campaigning for:

  1. The exemption of transfer (stamp) duty for purchases of off-the-plan properties.
  2. No increases to transfer duty or land tax rates.
  3. A commitment from the Government to launch a state tax review for long-term tax reform.

“All West Australians should have a diversity of choice when it comes to affordable and appropriate housing stock. The current state taxes, in particular transfer duty, are a hindrance to buyers moving within the property market. We encourage the State Government to commit to making housing more accessible and affordable for all West Aussies in the next election,” Mr Groves said. (content from

We are working all over the Christmas and New Year period.


May the remainder of your week be excellent!

Best wishes and sincere gratitude from Lara & Warrick

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