Blog Entries

House Prices may have Bottomed out- From WA Today Website

david.whiteman@raywhite.com — Fri, 03 Feb 2012 00:00:00 +0100

&n [...]

Property Sales Push Through Christmas and New Year

david.whiteman@raywhite.com — Thu, 19 Jan 2012 00:00:00 +0100

Happy New Year and I hope that you had a restful Christmas and holiday season.

Our Sales Agents got less than they expected in terms of time off over the normal hollday Christmas time as the market pushed through Christmas and the New Year.

Following on from a great result in November we recorded the best December in written sales for two years and prior to that it is the second best year in seven years for the month of December.

A curious situation and Real Estat [...]

From The Website www.propertyobserver.com.au. ...

david.whiteman@raywhite.com — Thu, 19 Jan 2012 00:00:00 +0100

Hi Everyone

A very interesting take on the property market .I know that Mr Harvey works for the Housing Industry Association so he does have an interest in being positive.Nonetheless the arguement is an excellent one and his points are well researched and supported. Well worth a read.

For the graphs that support this please go to www.propertyobserver.com.au

I hope you find this helpful.

Regards David

&n [...]

Property V's Shares ....and The Winner is.......

david.whiteman@raywhite.com — Mon, 10 Oct 2011 00:00:00 +0100

For those of who missed Alan Kohler's report on tonight's ABC News.

For the last 25 years in Australia residential real estate has outperformed shares; 12.5% vs. 8.9%.

http://www.abc.net.au/news/business/kohler-report

Regards David

RP Data Rejects "Housing Bubble " Claims

david.whiteman@raywhite.com — Fri, 07 Oct 2011 00:00:00 +0100

From Real Estate Business rebaonline.com.au

RP Data rejects 'housing bubble' claimsinShare6 Friday, 07 October 2011

Staff Reporter

Claims that Australia is in the midst of a property price bubble have been dismissed by RP Data.

Controversial pundit Professor Steve Keen has for years been forecasting an Australian property bubble, warning that values will fall by 40 per cent over the next decad [...]

The Cautious Consumer -The Reserve Bank Website

david.whiteman@raywhite.com — Fri, 29 Jul 2011 00:00:00 +0100

How often do we all get upset with our lot in life based on what you've heard in the media? How much of the information is spin to help win the elusive reader or watcher. Is the medias role to tell the truth the whole truth and nothing but the truth or is their primary obligation to their Company and shareholders to gain market share and return a profit? I will let you be the judge of that, however how many of us actually take the time to hear it straight from the horses mou [...]

Good Results For June

david.whiteman@raywhite.com — Thu, 30 Jun 2011 00:00:00 +0100

A solid Month of enquiry and results in the month of June. Many Sellers have adjusted expectations to the current market , priced their properties sensibly and in come the buyers.

Value for money is the key ingredient when selling property and buyers certainly know value. We have had numerous circumstances of multiple buyers dealing on the same property and fighting it out, which has not been seen since boom times.

Auctions are playing a key roll in removing the question of price [...]

Is Property Overpriced and a Questionable Investment?

david.whiteman@raywhite.com — Fri, 10 Jun 2011 00:00:00 +0100

As a student of property our industry is one that many and wide ranging "experts" wade into to give us the latest scoop on the worth of investing in property or hypothesizing on the bursting of a property bubble based on the "latest research".

Yes I would agree that the level of debt for many property owners is excessive and leaves very little room for error should market fluctuations occur. This has been well documented and is used by some to provide ev [...]

Housing Affordability Improves: HIA .From WA Today website

david.whiteman@raywhite.com — Thu, 26 May 2011 00:00:00 +0100

WA Today

Good news for first-home buyers as housing affordability improves Lee-Maree Gallo May 26, 2011 - 11:03AM

New housing affordability figures show prices are starting to soften.

Western Australia's stagnant property market is finally delivering some good news, with figures released today showing housing has become more affordable ac [...]

Median Rents Rise In Perth???

diem.whiteman@raywhite.com — Thu, 28 Apr 2011 00:00:00 +0100

I have been contacted by many clients over the past month reacting to recent press by the Real Estate Institute that Median Rents have risen in Perth.

Funny part is this is just not what is happening in our market. We have written here previously that vacancy factors were higher than normal and rents due to this availability of property were under pressure.

Only over the last few weeks the vacancy factor has come back to what we would consider nor [...]

Property Management News

diem.whiteman@raywhite.com — Fri, 15 Apr 2011 00:00:00 +0100

Stay tuned for breaking news on property management coming soon.

First Home Buyers Show Confidence

david.whiteman@raywhite.com — Fri, 15 Apr 2011 00:00:00 +0100

News from One of our Very Helpful Loan Market Finance brokers, Thanks Greg

FHBs show confidence

Friday, 15 April 2011

Jessica Darnbrough

First home buyers could become more active over the coming 12 months.

According to Genworth Financial's latest Home Buyer Confidence Index, recent first home buyers have shown they are comfortable with high debt levels, which may encourage others in to the market.

The mo [...]

General Market Update

david.whiteman@raywhite.com — Tue, 15 Mar 2011 00:00:00 +0100

MARKET UPDATE 2011

The sales market finished the year in 2010 poorly with reductions in overall property prices and low numbers of sales transactions recorded through the month of December.

Numbers of properties for sale rose steadily throughout the year in 2010 and topped out at 17800 in the metropolitan area which created intense competition in most price ranges. 2011 however started with many frustrated sellers leaving the market to w [...]

First Home Buyers Filter back Into the Market

david.whiteman@raywhite.com — Tue, 25 Jan 2011 00:00:00 +0100

FHBs filter back into market Tuesday, 25 January 2011

From Web site rebonline.com.au Real Estate Business Bulletin

First home buyers are edging back into the market, with new data revealing the highest number of first home purchases since March 2010.

According to data from the Australian Bureau of Statistics, the percentage share of first home buyers out of all homes financed in November crept up by 0.20 percent to 15.60 per cent; conversely the percentage share of h [...]

Our Regular Email Service is Back

david.whiteman@raywhite.com — Mon, 17 Jan 2011 00:00:00 +0100

Thanks for your patience, our regular email addresses are back on line.

It makes me wonder how we survived in Real Estate when I first started in 1989......no internet, no email, no mobiles.......I remember we were very cutting edge .....we had 2-way radios. :)

Are You Trying To Email Us??

david.whiteman@raywhite.com — Wed, 12 Jan 2011 00:00:00 +0100

The 2011 year has started with some very average news with the horrible floods in Brisbane .

Our thoughts and best wishes go to those effected .

We have been slightly effected as our main corporate office was one evacuated in Brisbane's CBD and the power switched off which has also turned the power off on the server that feeds all of our staffs emails. (if you have sent us mail, please , we are not being rude .....we just have not received it yet [...]

Perth Medium Price Up $5000 according to REIWA

david.whiteman@raywhite.com — Fri, 07 Jan 2011 00:00:00 +0100

24 Dec 2010 FROM REIWA.COM.AU

Latest data from the Real Estate Institute of Western Australia show that late settlements from the September quarter have lifted the median price from that period by $5,000 to $485,000. REIWA President Alan Bourke said the Institute's reiwa.com data is showing that property sales have increased during October and November while the median price has remained steady at around $485,000. "The high number of listings [...]

Christmas Wishes

david.whiteman@raywhite.com — Wed, 22 Dec 2010 00:00:00 +0100

The guys and girls of RWWA have toiled hard this year where we have seen the market jump all over the place from a very boyant market early in the year to one of uncertainty now.

The clear message for me is that the market can and does change quickly , and just what the future holds is never a for gone conclusion.

One thing remains is that with the right financial structures and steady employment , Real Estate continues to be a very sound investment or method to grow [...]

Higher Rates Dampen Housing activity.

david.whiteman@raywhite.com — Tue, 21 Dec 2010 00:00:00 +0100

Higher rates dampen housing activity Tuesday, 21 December 2010

From Web Site Real Estate Business Bulletin rebonline.com.au

Home finance activity is waning on the back of higher interest rates and living expenses.

Recent data from the Australian Bureau of Statistics found that auction clearance rates were down significantly during the spring of 2010.

Loan [...]

Latest News Articles

david.whiteman@raywhite.com — Wed, 20 Oct 2010 00:00:00 +0100

Check out these latest articles:

President's Address White Paper West Australian Article