How to become a Licensed Valuer in Perth WA
Tuesday, March 1st, 2011Licensed valuers in Perth and Western Australia are experienced property professionals, licensed under the Land Valuers Licensing Act of 1978 and governed by the Land Valuers Licensing Board. Each Licensed Valuer is issued with a Land Valuers License which has to be renewed every 3 years. A person who wishes to practice as a licensed property valuer in Perth and WA must undergo significant theoretical and practical training before being considered to sit for their Land Valuers License. The intending valuer must complete a 3 to 4 year Bachelor of Commerce, university degree at Curtin University of Technology, majoring in Property. ...
Read morePerth home prices down with predicted rate rises this year
Tuesday, March 1st, 2011A property value survey by RP Data Rismark indicated Perth house prices fell 1.5% in January with a 1.6% fall nationally and commented the Natural disasters in the Eastern States of Australia weakend the market which is typically quieter over the summer holidays. The National Australia Bank chief economist, Alan Oster commented the impact from the natural disasters would see Australia’s economic growth contract in the March quarter, which should hold off Reserve Bank interest rate rises (currently at cash rate of 4.75% ) in the short term, however indicated it is likely that borrowers may get two interest rate rises this ...
Read moreReal 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 ...
Read moreRBA On Summer Holiday as the Perth property market remains subdued – Matt Garmony, Licensed Valuer
Saturday, January 22nd, 2011The Financial Review reported the RBA is content with its current interest rate policy and moderate inflation as it takes a break over the Christmas period, however is moderately concerned about the European Sovereign Debt crisis. If inflation grows in early 2011, we believe there may be further interest rate rises in early to mid 2011, which may continue the subdued property market conditions. The only positive factor is economist are predicting low unemployment and housing shortages which may have a positive influence on the property market.
Read moreWestern Australian Economy slows – Matt Garmony, Licensed Valuer
Tuesday, January 18th, 2011Economists are reporting the Australian economy is slowing with a narrowing trade surplus and a high Australian Dollar, despite the rising job ads for the eighth consecutive month. With the recent flood crisis in Queensland and eastern Australia, Gross Domestic Product (GDP) is predicted to fall in the early part of 2011. As a consequence, we are of the opinion the Perth property market will continue the subdued market conditions into the early part of 2011, with local agents reporting less first home buyer’s activity, even with a slight increase in the number of new home loans in the ...
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