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Agents move online in response to ban on open homes, auctions

March 27, 2020Naomi Neilson

Following the ban on public auctions and open homes, some real estate agents have moved to selling properties using an online property auction platform. ...

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top 10 agents

1

ALEXANDER PHILIPS

Year of Experience: 17

Support Staff: 5

Residential Properties Sold: 208

Total Value of Residential Properties Sold:

$614,864,500

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TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
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A new association has been rolled out which seeks to raise awareness of proptech within Australia’s real estate sector ...

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With 25 years of industry experience under his belt, Graeme Hyde understands the formula for a successful real estate of ...

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James Lampropolous WEB A project marketer’s take on being a successful ...

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Home owners are being warned after a Western Australian electrician was fined $15,000 after incorrect wiring caused a Du ...

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As the world continues to react to the global outbreak of the coronavirus (COVID-19), landlords are asking about their r ...

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EVENTS
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Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Why we’ll keep delivering for our communities in the face of COVID-19

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As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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State of Markets – WA January 2012

02 January 2012 Reporter

Essential information, plus expert insight on what is shaping the national property market...

WESTERN AUSTRALIA

 

WA housing costs outstrip the country
Housing costs in WA grew three times faster than in the rest of the country, according to the Australian Bureau of Statistics (ABS).

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The ABS’ ‘Housing Occupancy and Costs 2009-10’ report found that the total cost of rent, mortgage payments, rates and water increased by 14.7 per cent between 2007/2008 and 2009/2010, compared with 4.8 per cent nationally.

An average of $200 per week was required per person to cover rent or mortgage payments and bills such as water and rates during 2009/2010.

Housing costs accounted for 21 per cent of renters’ gross income compared with 20 per cent for mortgage holders.

The average Western Australian used 14 per cent of their wage to pay for housing, compared with the national average of 13 per cent.

WA properties have fallen in value since the ABS data were collected, although rents have significantly increased.

Perth rents jump, prices to increase
Rental market pressure has increased in Perth, according to new data from the Real Estate Institute of WA (REIWA).

REIWA’s quarterly report reveals that the vacancy rate dropped to its lowest level in two years, to under three per cent.

Despite a 19 per cent increase in house sales in October, average rents rose by $15 to $395.

“It seems that despite housing affordability having improved, many people are still opting to rent rather than buy and this is placing increased pressure on the rental market,” REIWA president David Airey said.

The Perth median house price dropped from $480,000 to $450,000, but REIWA predicts that current increases may push this up to $465,000.

Twenty-eight per cent of sales were to first home buyers who typically purchase under $450,000.

State of Markets – WA January 2012
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FROM THE WEB
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Listen to other installment of the Real Estate Business Podcast

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
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