TIME POOR?

 If you are time poor and you need help then why not consider engaging us as your buyers agents, here are some things we need to know and what we do for you:

 

1. Pre approval letters / borrowing capacity? Where are we at with this? Do you need a recommendation to a broker we can help with this. 

2. What Suburbs are we targeting? Can you nail it down to 5 max? 

3. What profile of property is your minimum expectation for the price you want to spend? 

4. Who is going to be available to attend home opens if required - do you need us to go and view the property if you cannot make it - will you be able to make a fast decision.?

 PROCESS:

 Once we have all the information above, this is typically what happens next. 

1. We set up search alerts on all major websites within budget to let us know when a property comes up within your areas and range. 

2. We will post it either via email or WhatsApp group chat (what’s better? WhatsApp?) to discuss and decide if its worth pursuing. 

3. We then make initial phone call enquiries with the agent to confirm interest. 

4. Once confirmed we then organise a time for ourselves to look at the property – normally at a home open. 

5. If the walk through is successful and we confirm further interest then we complete a FULL CMA as if we were going to sell the property ourselves to make sure the price guide aligns with our expectations. 

6. We then prepare a formal offer of contract for you making sure that your best interests are looked after. 

7. Finally, we try to connect with the agent as best we can to make sure we are competitive and that our offer is at the top of the pile. 

8. If successful, we will guide you through the entire settlement process!

The settlement process is yet another journey that we would help you walk through it and give you some suggestions of whom to go with.

Now if that sounds like something you would like to investigate please give us a call and we can discuss it.  We dont take everyone on of course but we have 3 of us currently available to help as listings are low right now.  Currently we have done most areas of Perth.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!! 

 

PERTH MARKET STILL VERY COMPETITIVE

 With October now gone the Perth market still remains extremely competitive with just under 3,000 properties available for sale.

Listings are down by 40% compared to this time last year.

What we are seeing is that both houses and apartments are achieving record prices pretty much everywhere and so many of them are selling with multiple offers. The average days on the market is only around 13 with many selling within the first 8 days or so.

This demand is being fuelled by very competitive buyers, low stock and very strong sentiment.

No one is going to pick the top or the bottom, what we know is that you need to buy then buy now do not wait. Sellers if you are thinking about selling please call us with some strong strategies that dont leave you high and dry with no where to go.

We have been telling Sellers that now until early January buyers are still here, but quite frankly if the buyers are strong on wanting a home they will be very sharp on looking at new listings.

Do not wait, there is no right or wrong time to sell but this market right now is extremely strong for selling in with hardly any competition for the buyers to choose from.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!! 

GET READY LET'S GO !!

 I dont know how many times I have to say this to buyers but here goes

• Go and see a broker (not a bank but a broker) they freelance they will get you the best deal
• How much can you spend - not the amount you can actually borrow but the amount you can borrow and still be able to eat more than baked beans each day
• Where do you want to live?
• Does the budget allow you to live there?
• Buy elsewhere if you cannot afford it.
• Rent where you want to live.
• Align yourself with an agent who will give you some time of day and some good sound advice
• Hire a buyers agent - if you are time poor 
• Act quickly

The thing is property is not getting any cheaper so make a decision and act swiftly.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!! 

FIRST HOME BUYERS NEW RATE

 Well with the new first home buyers grant going from $600,000 to $850,000 with a 5% deposit does that mean you will be able to look at higher priced properties - think very carefully about this as what it will mean for you is that your loan will be 95% instead of 80% it will take you longer to pay off.

What happens when the interest rates go up are you able to cope with a few rate rises? This payment comes in every month regardless of your situation.

Please do speak to your broker and make sure you can service the loan it's extremely important you make sure you that you can actually afford to eat.

What's happening out in the market now is that those $650,000 properties have actually gone to $750,000, $750,000 has moved to $850,000. You are actually not winning you are just paying more for the property, they are not bigger properties that you are getting.

You can engage a buyer's agent if you are time poor we have done about 5 deals with first home buyers who have kept missing out. Please make sure your finance pre approval is current. Contact us to talk about what is the procedure for this.

Should you wait to buy - probably not this market is not stopping there is just too many buyers that are currently fuelling this market.

A few buyers have now been priced out of the market they can no longer afford what they were chasing, they would have to go way out of the area they are chasing.

MAKE YOUR OWN DECISIONS AND GIVE IT A FAIR GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!! 

#sellingrealestateinthe western suburbs

#straightupconversations

#helpingbuyersunderstandinthemarket

ANTI LAUNDERING OBLIGATIONS FROM JULY 2026

 From July next year, Anti-Money Laundering and Counter-Terrorism Financing obligations will apply to real estate professionals following a significant expansion. 

Austrac has tabled its new Anti-Money laundering and Counter-Terrorism Financing guidelines, with financial crime compliance obligations to apply to more services from 1st July 2026.

The financial intelligence agency revealed new reforms following to rounds of public consultations including accepting submissions and engaging with working group.s

The new rules, set to take effect next year, aim to reduce the risk of financial crimes within services across various industries.  (yeah put more responsibilities on to smaller businesses like they have the time to do it - do your job Government)

The new obligations will be expanded to include real estate agents and property developers who sell off-the-plan without going through independent agents. (If agents thought there was something amiss they would report it anyway)

What are the requirements?

The obligations require reporting entities to enrol with AUSTRAC between 31 March 2026 and 29 July 2026 to avoid penalties.

Enrolling requires providing details about the regulated business, including its structure, services, key personnel, and contact details.

Businesses must enroll with AUSTRAC within 28 days of providing a regulated service.

Develop an AML/CTF compliance program

By 1 July 2026, real estate and property reporting entities will need to develop and maintain an AML/CTF compliance program that is tailored to their specific business needs.

“Your business must develop and maintain policies, procedures, systems and controls that appropriately manage and mitigate your business’s risks,” AUSTRAC said.

“These policies must also ensure that you comply with your AML/CTF obligations and be appropriate to the nature, size and complexity of your business.”

A senior manager must approve the business program, and it needs to be kept up-to-date to reflect any major changes within the company.

Initial and ongoing due diligence

Following the creation of the compliance program, real estate professionals must conduct initial and ongoing customer due diligence (CDD).

Initial CDD involves identifying and mitigating potential money-laundering or terrorism financing risks at the beginning of a customer relationship.

This process involves gathering specific information about them on reasonable grounds before providing them with designated services.

Ongoing CDD includes monitoring transactions and behaviours for suspicious activity, updating customer risk profiles in response to different triggers, and updating information as needed. (This is ridiculous as are the others - who has time to monitor all transactions)

Keep records

Real estate professionals will be required to make and maintain accurate records for at least seven years.

These will serve as evidence of the business’s customer due diligence, risk management practices and compliance with obligations.

The documents include transaction records, audit results and evidence of due diligence and the AML/CTF program.

To prepare for the new requirements, AUSTRAC advises soon-to-be-regulated entities to look at its website for information and to register for webinar sessions.

I cannot believe that we are now going to have yet another programme added to our never ending costs of running a business so we can do the Government's job for them, we should be compensated for that.  Makes so me so wild that they cannot track these people themselves.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!

FIRST HOME BUYERS SCHEME UPDATE

 

The Labour government has announced they will be bringing forward changes to the First Home Buyer Scheme, originally planned for January 2026, so that they now take effect from October 2025.

Key Changes:

• Higher Price Caps: FHBs in Perth will now be able to purchase properties up to $850,000 under the scheme. Total cost needed for such purchase now, including stamp duty and conveyancing fees is roughly $85k! Income needed to service such loan is approx. $165k p.a.
• Greater Accessibility: Previous restrictions around income thresholds and property values have been relaxed, allowing more buyers to qualify.

What This Means for the Market

• Increased Competition: Properties in the $700k–$850k range will become highly sought after, with FHBs driving demand. Especially those FHB clients we saw who weren't previously eligible. 
• Sellers: For those sitting on the fence about selling, this policy shift should provide a strong incentive. You guys are the experts but no doubt it'll drive the market for $700-$850k price bracket. 

Good luck and reach out to Brandon Ngadino 0412 270 243 brandon@checkmyrate.au

You know what the Government should do is get cracking and abolish the stamp duty, build some small houses, help those people instead of doing all this as our fhb cant afford to go to $850k. 

So exasperating as it's not going to free up any more homes for the fhb to buy, they are in such short supply its only increasing the competition.

    MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!! 

GREENS HEADS ARE IN THE CLOUDS

 I read that Greens senator Barbara Pocock called Labor's housing target's pie in the sky, following a Treasury leak that confirmed the government was off track to meet it's housing targets (they were never going to meet them anyway - let's be serious)

Pocock said that adjust property tax concessions could boost affordability for first home buyers - your dreaming lady!!! Not everyone in this world wants to buy a house/home as it's just not their dream. In fact in the not too distant future you will probably have to have property handed down to you with the way prices are going and you simply cannot control that Pocock.. New York inner city is just un obtainable to 90% of people.

Just because Pocock says that they need more homes to be built but they also need to make sure first home buyers and owner-occupiers are actually able to purchase them - what the .... you cannot control that Pocock, builders can only build for a certain amount of $$'s there is no magic wand here.  Government's are going to get charged accordingly to the builders cost plus arnt they?

Apparently 70% of home lending is going to people who earn over $200,000 a year - well a lot of our buyers are not earning that and they are still managing to buy apartments.

She's suggesting that they need to tackle the tax problem by limiting negative gearing and scrapping the capital gains tax discount - ha ha you are a huge joke, if you don't give investors the incentive to invest in the rentals you wont have that avenue either to offer people who want to rent. Be nice to those investors Pocock because the Government actually needs them.

Analysis by the independent Parliamentary Budget Office (PBO) found that scrapping negative gearing and the 50 per cent capital gains tax discount for most investment properties would raise the government an estimated $5.85 billion over the four financial years to 2028–29. this is not going to help us NOW and if you do that investors will bolt - I cannot believe people can be that stupid. The Government can find other avenues I am sure.

Also, the Greens are asking for higher rental assistance rates as the rental costs continue to climb - they are just catching up you absolute morons - this country cannot keep handing people money on a plate - they need to sort themselves out and either live with others or downsize or move to something that they can afford.  Low cost rentals is called State Housing and honestly, the service they provide is questionable and do you want to be put with such undesirables as they certainly don't vet their applicants, care about their complexes it on and upwards to the next applicant as fast as they can.

Sydney has had such high rentals for years, people moved out further afield to be able to afford their rental or they have buddied up with others its not rocket science but to keep asking the taxpayer to keep paying more and more to those that need to adjust their lifestyles, sorry I just don't agree. Yes, there are people in need without a doubt and they need our help I have no issues with that, but I happen to know there are people in our system that just shouldn't be there, but again it's just how the system works as there is no one doing any checks and balances.

Honestly, I think the whole thing is that all Governments have been so slack in building new homes for those who are on the Government assistance plan i.e. the dole, this is nothing more than negligence, I would say that all Government's have done this over the years. Putting State Housing in wealthy areas does not help either as it makes angst with the locals as they pay huge money to live in the area and the tenants (not all) create absolute havoc in and around their apartments/homes. Put caretakers in, put surveillance in do something positive so that others that live in the complex have half a chance of not being tarred with the same brush. 

Sorry but by being too soft can create a whole lot of other issues, considering the Government's make it so hard for people to get pensions (tax paying people) and how they make it too easy for others makes my blood boil.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!