June 2010 - Evolution Realty
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Ian’s Real Estate Rant

“From the desk of Ian Barnes. Relevant, topical real estate related opinions, thoughts and perspectives”

June 2010 - Evolution Realty – Evolution Realty

When does a change to sentiment mean a 10% gap?

June 23, 2010

Up to a couple of months ago, confidence was high and growing from buyers, creating a upward trend with prices in some price categories, namely lower priced properties up to $1M in Applecross and Mount Pleasant and surrounds. This can cause up to 5% premium for sellers in this instance. Recent shivers with the stock markets, Government changes proposed for the mining industry and the...

Market Insights June 2010

June 18, 2010

As the financial year comes to an end, it is fair to say that the announcements from the Federal Government have had an impact on the sentiment of the market at the present. Certainly, confidence has been shaken with what appears to be an effort by the Government to hit one of the most productive sectors of our strong Western Australian economies. Most of us...

Is subject to sale a real offer?

June 15, 2010

At present the market is tight, especially at $1Million and above. Many sellers perceive subject to sale as a “claytons” or a pretend offer. This is because there are so many variables. Subject to sale really means the buyer is asking the seller to take all of the risks, or for the seller to sit back and wait. Buyers should expect to pay more for...

What if I want to change/ end my contract to purchase?

June 11, 2010

Buyers and sellers must be aware that when they enter a contract to purchase or sell a property, there are obligations on all parties, which upon accepting and finalizing the contract becomes binding on all parties. It is accepted that all parties will act in good faith, and do what they have represented they will do as per the contract. If one party changes their...