Perth’s subdued property market set to continue
Friday, July 8th, 2016The Perth residential property market continues in a decline phase with Core Logic RP data reporting “Housing market conditions in Perth are suffering from reduced housing demand resulting from a sharp downturn in migration and weaker employment opportunities” and “Rental Rates have also fallen substantially, highlighting lower housing demand is not confined to home buyers but also renters.” Our enquiries to residential real estate agents within the Perth metropolitan area are indicating buyers are continuing to be cautious with many hesitant to make offers on properties listed on the market for sale and therefore properties are taking longer to sell, ...
Read moreExpert Family Law Valuations
Saturday, April 30th, 2016Garmony Property Consultants are one of Perth’s leading independent Licensed Valuers and Property Consultant firms specialising in valuations for Family Law for Residential, Commercial & Industrial property types. The Licensed, Certified Practicing Valuers at Garmony Property Consultants, have a combined experience in the real estate and property industry of over 70 years and has been established since 1984. Our Valuers have extensive experience in a broad range of property related valuation matters across a wide range of commercial, industrial, residential and specialist property types for real estate valuations and property consultancy situations in Perth and Regional locations in Western Australia. We prepare numerous ...
Read moreLANDLORDS NEED TO MEET THE MARKET
Friday, March 4th, 2016The Perth property market is currently experiencing declining rental market conditions across most market sectors. Therefore it is important for landlords to be astute and proactive when their tenant’s leases are coming up for market rent reviews and or lease renewal and option periods in their investment properties. Given the current conditions it is likely that most rental rates will experience a rental reduction (provided they were historically at market levels) and therefore landlords need to ‘meet the market’ in order to keep tenants in their investment properties. This rental reduction or incentive for the tenant to renew or extend ...
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