Real estate compulsory acquisitions of land by Government
Friday, February 18th, 2011A recent article in the WA Business News on 16 February 2011 reported the Kimberley Land Council is of the view the Western Australian Premier Colin Barnett should drop compulsory acquisition of land for the Woodside Petroleum’s James Point gas hub, 60 km north of Broome. We understand there has been a long-running dispute between various parties which prompted Colin Barnett to compulsory acquire the land. Our licensed property valuers at Garmony Property Consultants have significant experience in providing valuations for compulsory acquisitions and also acting as advocates in the negotiation process, advising our clients of their entitlements relating to the ...
Read moreREIWA says property rents in Perth have started to climb for the first time in 12 months
Thursday, February 10th, 2011Real Estate Institute of Western Australia (REIWA) president, Alan Bourke, reported their statistics indicate that residential rental rates in the Perth metropolitan area have increased by approximately $10 per week and the vacant rate for the January had dropped to 3.4% down from 4.1% for the March quarter last year. Garmony Property Consultants are of the opinion if the vacancy rate continues to fall supply and demand pressures will force the median rental rate upwards, which may increase the number of investors in the market. However with anticipated increases in interest rates later in the year, we do not foresee, a strong ...
Read moreGarmony Property Consultant launch their new, more informative property valuation website
Wednesday, February 9th, 2011Garmony Property Consultants, Perth’s foremost, independent licensed valuers and property valuation consultancy company launches their new, more informative company website today, providing new and existing clients with detailed information of the company, our valuers expertise and regular property news BLOGS. In January, the company also welcomes it’s newest licensed valuer, Graham Allen, AAPI, who brings a further dynamic and wealth of knowledge to our experienced valuation team. – Matt Garmony, Perth Licensed Valuer
Read moreThe Perth Property Market rests for now on RBA rate hold – Matt Garmony, Licensed Valuer
Wednesday, February 2nd, 2011The Reserve Bank of Australia (RBA) kept interest rates on hold at 4.75% yesterday making reference to lower than expected December inflation figures and the recent devastation caused by the Queensland floods. Economists are predicting inflationary pressure from the rebuilding of Queensland after the January floods which may trigger further interest rate rises mid year. This, coupled with a historically high number of properties currently listed for sale and extended selling periods, in our opinion, will have a negative effect on the Perth property market. However a report by REIWA president Alan Bourke yesterday indicated residential property rents are ...
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