Christmas Donation to Princess Margaret Hospital
Friday, December 5th, 2014From all of the Staff at Garmony Property Consultants we would like to wish you a Merry Christmas and an enjoyable 2015. This year we have chosen to make a Christmas donation to Princess Margaret Hospital.
Read moreWeakening Property Markets a cause to keep rates on Hold
Wednesday, September 10th, 2014The Reserve Bank of Australia (RBA) Board decided to leave the cash rate unchanged at 2.5% at the 2 September 2014 meeting. In a statement released by RBA Governor, Glen Stevens, he indicated “growth in the global economy is continuing at a moderate pace . . .with weakening property markets a challenge in the near term . . . and commodity prices important to Australia have declined this year.” He went on to say “resource sector investment spending is starting to decline significantly” as well as “public spending is scheduled to be subdued.” In relation to unemployment, the RBA stated “the ...
Read moreGarmony Property Consultants Support Jeans for Genes Day 2014
Friday, August 1st, 2014The Staff at Garmony Property Consultants are proud to support Jeans for Genes Day 2014. The work of the scientists at Children’s Medical Research Institute (CMRI) has a single aim – to improve and extend the lives of children everywhere. One in twenty children is born with a congenital abnormality or genetic disease. That’s over 12,000 children born in Australia each year. CMRI is dedicated to changing this. CMRI has been a pioneer in the field of paediatric medical research since its inception in 1958. Its many achievements include increasing survival rates of premature babies, establishing Australia’s first research unit for newborns, developing life saving microsurgery ...
Read moreGross Rental Valuations to be tested as Council Rates issued
Wednesday, July 23rd, 2014The Licensed valuers at Garmony Property Consultants have already started to receive enquiries about objections to increases in Gross Rental Values (GRV) for commercial properties. As local councils issue rates notices to land owners, enquiries to our licensed valuers have commenced, as some property owners have received significant increases to the Gross Rental Value (GRV) assessments which form the basis for council rates and taxes. The GRV which is the value used to multiply the council’s “rate in the dollar” to determine the Council rates amount payable is determined by the Valuer General. If the GRV appears too high, the land ...
Read moreHas the Perth property market reached its peak?
Wednesday, June 4th, 2014As the Reserve Bank of Australia (RBA) held the official cash interest rate at 2.5% at its June 2014 meeting for the 10th consecutive month, the Perth median dwelling values fell by 0.8% in May 2014 according to RP Data-Rismark. RP data’s statistics indicate Perth’s median house price has declined by 1.2% this year to date, however still remains 5.7% above the May 2013 median house price of $525,000 and is the only capital city in Australian in which home values have declined in the year to date. The Reserve Bank of Australia governor Glenn Stevens stated on 3 June 2014 ...
Read moreGarmony Property Consultants Celebrates 30 Years
Friday, May 9th, 2014In May 2014, the Licensed Valuers at Garmony Property Consultants are celebrating 30 years of providing Valuation and Property Consultancy advice in Perth and Western Australia. Garmony Property Consultants – Licensed Valuers & Property Valuation Consultants Perth was established in 1984 by John Garmony, Licensed Valuer known as valuation firm John Garmony & Associates and immediately became one of Perth’s first and foremost independent property valuation & consultancy firms. Since then, the company’s licensed valuers have acted in a wide range of property valuation consulting situations and have prepared tens of thousands of property valuation reports on numerous property types throughout Perth ...
Read morePerth property market slows in the March quarter
Thursday, April 10th, 2014The Westpac Melbourne Institute Index of Consumer Sentiment declined by 0.7% in March 2014 and has declined 10.9% from its November 2013 peak, being at its lowest level since May 2013. The Institute was of the opinion “the initial declines in December-January looked to be mainly the unwinding of the election related sentiment boost”, however they go on to state the “more recent falls though have had a very clear theme centring on a sharp loss of confidence in the economic outlook and escalating job-loss fears.” Concern around job security is very high with the Institute stating “the run of ...
Read moreInterest rates on hold for the 7th month as residential building approvals continue to rise
Tuesday, March 4th, 2014The RBA has kept the official cash rate at 2.5 percent on the basis that “monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target” with a “period of stability in interest rates” most likely going forward, reported by RBA Governor, Glenn Stevens today. Some of the comments from the RBA Govenor, from the Board’s decision today included “dwelling prices have increased significantly over the past year”, “a solid expansion in housing construction” and “some indicators of business conditions and confidence have shown improvement”. “The US economy continues its expansion” and ...
Read more