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Fire season preparation – important reminder for local homeowners
With fire season fast approaching, the City of Melville is reminding all property owners to ensure their properties are cleared of flammable material by 15 November and maintained until 30 April. Firebreaks and cleared blocks are essential for protecting homes and vegetation from bushfires during the dry months. Requirements include:
- Residential lots (1,500m² or less): Remove long grass, weeds, and rubbish across the entire block and verge.
- Larger lots: Install a 3-metre-wide firebreak inside all external boundaries.
Failure to comply may result in fines of up to $5,000, so it’s important to act early. Click here for more information.
Even if you're not in the City of Melville, being fire safe is everyone's responsibility. The list in the link will help everyone ensure their property is as ready and protected as it can be.
Another property Under Offer
Listed recently, 14/1 Roydhouse Street, Subiaco, is now Under Offer. This property has been renovated to an exceptionally high standard and is quiet and private while being close to all the Subi action. So, we knew it wouldn’t take long to sell. With all our properties now Sold or Under Offer, we are actively seeking new listings to meet the strong buyer demand. Contact us if you're ready to upsize or downsize for an obligation free consultation, including an accurate marketplace appraisal.
This week
- The true cost of owning an investment property in WA
- High risk home lending on the rise
- Sensible reform to support the rental market
- Why do only 50% of renters get their bond back?
- This week’s market snapshot
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Fire season preparation – important reminder for local homeowners
With fire season fast approaching, the City of Melville is reminding all property owners to ensure their properties are cleared of flammable material by 15 November and maintained until 30 April. Firebreaks and cleared blocks are essential for protecting homes and vegetation from bushfires during the dry months. Requirements include:
- Residential lots (1,500m² or less): Remove long grass, weeds, and rubbish across the entire block and verge.
- Larger lots: Install a 3-metre-wide firebreak inside all external boundaries.
Failure to comply may result in fines of up to $5,000, so it’s important to act early. Click here for more information.
Even if you're not in the City of Melville, being fire safe is everyone's responsibility. The list in the link will help everyone ensure their property is as ready and protected as it can be.
Another property Under Offer
Listed recently, 14/1 Roydhouse Street, Subiaco, is now Under Offer. This property has been renovated to an exceptionally high standard and is quiet and private while being close to all the Subi action. So, we knew it wouldn’t take long to sell. With all our properties now Sold or Under Offer, we are actively seeking new listings to meet the strong buyer demand. Contact us if you're ready to upsize or downsize for an obligation free consultation, including an accurate marketplace appraisal.
This week
- The true cost of owning an investment property in WA
- High risk home lending on the rise
- Sensible reform to support the rental market
- Why do only 50% of renters get their bond back?
- This week’s market snapshot
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The true cost of owning an investment property in WA
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Owning an investment property can be a rewarding long-term strategy, but it’s essential to understand the ongoing costs involved. This article breaks down all the key expenses – from mortgage repayments, property management fees and maintenance costs to insurance, rates and tax obligations – helping investors make informed financial decisions. If you’re considering buying your first investment property, it’s a valuable read for understanding the real numbers behind property investment.
Click here to learn more
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High risk lending on the rise
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New data shows that Australia is experiencing a sharp rise in high-risk home loans – those with small deposits or extended payment terms – which could carry greater potential for stress if interest rates rise or income is disrupted. This article explains what’s driving this trend, highlights the hidden risks for borrowers and the market, and suggests what both lenders and buyers should consider before committing.
Click here to learn more
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Sensible reform to support the rental market
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Short-term fixes won’t solve WA’s long-term rental challenges. With more than 86% of WA’s rental homes owned by private investors – most of whom own just one property – REIWA warns that constant policy change risks undermining investor confidence and reducing supply. This article explains why retaining 'no grounds' provisions for periodic leases is vital, how balanced reforms can protect both tenants and owners, and what measures REIWA supports to genuinely improve affordability.
Click here for event details
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Why do only 50% of renters get their bond back?
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According to recent rental data, only half of Australian tenants receive their full bond refund when vacating a property. The most common reasons include cleaning issues, damage or unpaid rent – often simple oversights that can be avoided with better preparation. This article breaks down the key mistakes renters make, outlines what property managers look for during final inspections, and shares practical tips to help ensure you get your full bond back when you leave.
Click here to learn more
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This Week's Property Market Snapshot
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Sales activity in Perth during the week ending 19 October was down 3.1% with 852 transactions recorded. On closer inspection, there were decreases across the board with house, unit and land sales down 2.7%, 2.1% and 10.2% respectively compared to the week before.
Perth’s highest sale price: Attadale – $4,600,000
Perth's lowest sale price: Mount Lawley – $405,000
Listings
There were 2,832 properties for sale in the metropolitan area for the week ending October 19, which is 3.3% lower than 4 weeks ago and 40.4% lower than the same time last year.
Top performing suburbs – sales
- Baldivis: 21
- Perth: 17
- Rivervale: 12
- Armadale, Como: 11
Top performing suburbs – rentals
- Baldivis: 23
- Perth, Rivervale: 12
- Brabham, South Perth: 11
Perth rental market
REIWA members reported 2,243 properties for rent at the end of last week, which is on par with the previous week, 4.6% lower than 4 weeks ago and 6.3% higher than the same time last year. Leasing activity increased 4.3% since last week, with REIWA members reporting 637 properties leased. This number is 4.6% lower than 4 weeks ago and 6.3% higher than a year ago.
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Open for Inspection
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No Home Opens This Weekend
We're all sold out!
We now have plenty of time to dedicate to appraisals and new listings so if you're thinking of selling, now is a great time to call.
- Shelley on 0417 963 670
- Mark on 0411 552 309
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Unit 14, 1 Roydhouse Street, Subiaco
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JEWEL IN THE CROWN
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Now Under Offer
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Every now & then a truly special property enters the market. Built for himself by Arcadia Court’s original developer & recently fully renovated to an exceptional standard, this ground floor apartment is not only the largest in the complex but also the most luxurious & private. Boasting extra features like private entrance & 2.5-car parking, 2 storerooms & direct access to the pool & gym, this apartment is truly one of a kind.
- Private, secure entrance & undercover parking for 2.5 vehicles
- Footsteps from the resort style pool & gym (your own access)
- 222m2 of indoor/outdoor living, entertainment & storage space
- Luxurious fixtures & fittings throughout (kitchen is a showstopper!)
- High ceilings, fusion of modern tiles & European-engineered timber floors
- Short walk to restaurants, cafes, bars, shops, station & much more
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Unit 5, 92 Oakwood Crescent, Waikiki
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LOW MAINTENANCE, HIGH CONVENIENCE
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Now Sold
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This timeless double brick villa is perfect for empty-nesters or new families longing for coastal tranquillity. Walk to Waikiki Village, take a 5-min drive to the beach or be in Rockingham in under 10!
- Prime street front positioning with paved driveway & carport
- Affordable Strata levies; only 10 villas to the complex
- Newly repainted, window treatments & refreshed throughout
- Open-plan kitchen & family room with seamless alfresco flow
- Sunlit master bedroom with triple robe; minor bedrooms in separate wing
- Close to shops, schools, beaches, public transport & Rockingham CBD
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39 Dickenson Way, Booragoon
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RELAXED FAMILY LIVING WITH POOLSIDE RETREAT
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Now Sold
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From its spacious living zones to the children’s wing, alfresco area & sparkling concrete pool, this immaculate home has everything you need for comfort, connection & year-round entertaining.
- 1985 built, single-level brick home, immaculately presented throughout
- 700m2 Green Title block with landscaped gardens, lawn & lush fruit trees
- Solid blackbutt timber floors, sunken lounge/dining & open-plan family living
- Children’s wing with 3 bedrooms, separate from the privately positioned Master
- Large alfresco overlooking pool & gardens, ideal for family fun & entertaining
- Ducted A/C, insulation, reticulation & Colorbond shed
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OTHER RECENTLY SOLD PROPERTIES
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For details of other recently SOLD properties click on the DETAILS button.
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