Licensed Valuers & Property Valuation Consultants, Perth, Western Australia
Independent licensed valuers & Property valuation consultants
Established 1984 | Expert Valuation Advice | Licensed Valuers

PERTH RESIDENTIAL PROPERTY MARKET UPDATE – MAY 2022

Thursday, May 12th, 2022

The Perth residential property market has experienced a steady start to 2022. From April 2021 there has been an annual increase of 6.7% with the median house value being $522,128. Residential Real Estate agents are continuing to report a lack of listings and supply with continued strong demand, which is creating a competitive Perth residential property market, and causing an increase in Perth residential property market values. In addition to this, the building industry is flat-out with new home constructions, which is the flow on affect from the government’s COVID-19 building stimulus. Building costs have skyrocketed and building timeframes have almost doubled. ...

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Perth Residential Property Market is Improving

Tuesday, February 2nd, 2021

The Perth residential property market is improving as we start 2021. There is increased buyer activity, building activity is booming and the residential vacancy rate is at an all-time low. REIWA (Real Estate Institute of Western Australia) reported on 4 January 2021, there has been a “significant increase in buyer activity” in December which is traditionally a quieter month. Although Perth Median House Price remains stable at $480,000, REIWA reported “December sales saw 3067 transactions for the month which is an increase of 42.5 percent when compared to the same time last year.” REIWA further reported on 1 February 2021 that ...

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Licensed Valuation for the HomeBuilder Government Grant

Monday, July 27th, 2020

HomeBuilder Grant Valuations – How the Licensed Valuers at Garmony Property Consultants can help

The Australian Government HomeBuilder provides eligible owner-occupiers with a $25,000 federal government grant to build a new home or substantially renovated an existing home. One of the requirements of HomeBuilder is to obtain a written valuation by a licensed valuer of the existing value of your home. This is know as the Market Value “As is”. The licensed valuers at Garmony Property Consultants can provide you with a Licensed Valuation for the HomeBuilder Government Grant application of the existing value of your home or vacant lot. To access ...

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COVID-19 affecting the Perth residential property market

Tuesday, April 7th, 2020

Since mid-March of 2020, the Coronavirus (COVID-19) has had a major impact on the world economy and is now showing signs of affecting the Perth residential property market. The Australian reported on the 2 April 2020 that “A collapse in residential property sales numbers is inevitable but the extent of price falls may be dependent on government intervention, according to UBS analysts.” The UBS analysts also stated “We also revise our forecast for home prices to start falling, given the hit to demand from the looming sharp recession and spike in unemployment. The extent and duration of price falls is ...

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Pre-purchase & Pre-sale Valuations

Tuesday, September 17th, 2019

The Licensed Valuers at Garmony Property Consultants undertake numerous pre-purchase and pre-sale valuations for a wide variety of property types. Purchasers, who are unsure of how much to offer on a property that is on the market ‘for sale’, often want an independent, unbiased and justified opinion on the market value.  Sellers, who may have a unique property or have had had conflicting appraisals from local real estate agents, or are acting as an executive of an estate, often request us to provide pre-sale valuations for an independent, unbiased and justified opinion of the market value. A pre-purchase or pre-sale ...

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