5 Reasons to Move to Perth, WA

We’ve all dreamt of living in the best city in the world. But what exactly do you look for to consider a city the best place to live in? Is it convenience? Accessibility? Nearby establishments? Finding the best place to live greatly depends on your lifestyle. Imagine what kind of lifestyle you would like to have. Then, find the best city that can satisfy your needs and wants based on the lifestyle you have dreamed of.

Are you looking for a vibrant city with lots of restaurants, museums, and theatres that you can explore? Or are you more of an outdoor-loving type of person? If you want to have the best of both worlds, moving to Perth in Western Australia might be your best option! 

Here are five awesome reasons to move to Perth:

sunny weather in perth

1. Great weather

If you’re looking for a place where you can wear casual footwear (thongs) and head to the beach when you want to, Perth is a great place to live as it almost always summer. Although it can get hot and dry during the summer months, most months are sunny with a light cool breeze. Days during winter are mild with only occasional rain, and it never snows!

people using public transportation in perth

2. Easy and convenient transportation modes

Convenience is a key factor why people choose to live in a specific location. When it comes to convenient transportation, Perth definitely won’t disappoint you! Getting around the city of Perth is easy with the public transportation services that are frequently available. There are two train stations and different bus ports that can take you around the city and into the suburbs.

If you prefer an active lifestyle, you can opt to take a walk around the city as Perth has excellent pedestrian paths. Also, along with the pedestrian paths, Perth also has the best bike paths and provisions for bike parking. In fact, many like riding their bike to work. You can maintain a healthy lifestyle by substituting car rides with bike rides. Moreover, you get to lessen your carbon footprint and help look after the environment.

perth downtown skyline

3. High Quality of Life

When it comes to the quality of life, Perth tops business freedom, safety, healthcare, and environmental quality. The crime rate is also low in Perth while having more spacious and less crowded areas.

The lifestyle of most people in Perth is more laidback than in most cities, yet the median salary is relatively high. With an efficient transportation system and high regard for living a quality life, people have more time to spend with their loved ones and to take up hobbies and activities that they love outside of work.

downtown district in perth

4. Rich cultural experiences

When living in Perth, you can be exposed to different cultural experiences. Perth CBD is home to many art galleries, museums, and theatres. Enjoy a family day out exploring different museums around the cities while schools also have school holiday programs to teach kids to make their own art.

Many people from around the world live in Perth and it has also become a melting pot of different cultures. Perth’s food scene is composed of different cuisine around the world that can be explored through different restaurants in the city and suburbs.

a beach in perth with people and families

5. Endless outdoor activities

Aside from Perth’s convenient and vibrant city life, it is a great place that has endless outdoor activities for families. As a bonding activity, families can enjoy the fresh air and beautiful view within Perth and the suburbs by going on bike rides together. There are a lot of biking paths which makes it a safe place to enjoy biking with your children. If you are not a fan of biking, you can relax while your kids are playing in the park. You can choose among Kings Park and Botanic Garden, Langley Park, Ozone Reserve, and Queens Gardens.

Also, Perth has Australia’s best beaches. Explore the scenic view or Mettams Pool, the fine sand and crystal clear ocean of Cottesloe Beach, or enjoy the restaurants and bars at Bathers Beach Fremantle. May it be fishing, swimming, or just chilling with a few beers by the beach, you can never get enough of all the activities that the beaches in Perth have to offer.

Planning to move to Perth?

Are you already convinced because of all these awesome reasons to move to Perth? Explore your options by having a consultation with the experts at Buying Perth Real Estate. Feel free to give us a call at 08 6215 0200 or send an email to clive@buyingperthrealestate.com.

Our experienced buyer’s agents will give you recommendations on the Perth property that is best for you. We are here to help you find your perfect home in Perth, Western Australia.

Why You Should Invest In Developing Areas

Have you been thinking about why you should invest in developing areas? When buying a home, one of the most important things that you should consider is the location of the property. In fact, location is key when it comes to investing in real estate. A property’s features and condition can also be changed and improved, but you can’t change its location.

While most people would prefer to live in the city centre, properties in this area are usually limited and more expensive. Consider buying a property in places where there are plans for future development. Upcoming city centres are cheaper, but with developments in place, their prices are sure to increase in a few years. When you invest in developing areas, you are definitely making the right long-term choice.

Here are some reasons why you should invest in developing areas:

a lot of available land and space

Land availability

Unlike developed areas, locations that are still under development have more lands that are still available as a big portion of the area is yet to be developed. With this, you will be able to have more options and have the chance to choose the best lot available.

However, though this would seem to be an advantage for a buyer, you should still do your research about the location. If a big portion of land is still available for quite a while, it can be a sign of low demand. If it stays this way for a longer period of time, it can affect the future value of your home. 

It is best to check with your buyer’s agents as they are more knowledgeable and they have the connections and means to gather necessary information about your target location.

invest in developing areas to grow money

You can invest at a lower price point

Since the demand for property is lower for developing areas, you can buy them at a lower rate compared to those in highly developed areas. There tend to be fewer buyers and more supply since the value of this area has not been recognized yet. Once the area starts to develop, however, the demand will push the prices of the properties up.

a building being constructed

Upcoming infrastructure

Another advantage of investing in developing areas is the upcoming infrastructure. Once the area has developed essential establishments within the community, the value of your property will increase. The nearby infrastructure is crucial to the potential growth of your investment; hence, you should ensure that the area you are planning to invest in has a reliable and financial developer and a progressive local government authority,  who will take care of the infrastructure development. If the development is delayed, it can affect the timeline of your investment growth.

Developing areas are great investments as prices tend to appreciate faster because of surging demand. However, when buying a property you must also consider accessibility, appearance of the property, and amenities of the neighbourhood.

Consult with an experienced buyer’s agent before making any decision. Get well-researched market insights, exclusive listings, and more when you hire a buyer’s agent at Buying Perth Real Estate.

How To Build Wealth Through Property Investment

Have you ever realized that no matter how good your salary is, it doesn’t seem to be enough for you to achieve financial security? Achieving financial security and growing wealth through an average salary can be a big challenge, especially if you have many bills to pay. However, you don’t have to limit yourself with your salary alone because you can build wealth by having a property investment.

Having property investments is one of the most secure and safest ways to build wealth especially if you have long-term goals. Here are some reasons why you should consider investing in properties:

Why Invest in Properties

Property investment is safer and more stable than investing in a business or in any share. Real estate is bound to rise long-term because the supply of land is limited and will always be lower than the demand for it. Property investment is safe enough that governments and banks have created programs for people to be able to buy properties of their own. Everyone needs to live in a house either by buying or renting.

You might think that the only way to earn from your property is by selling it after several years, however, you can actually start earning once you buy a property. 

Ways to Build Wealth Through Property Investment

To give you an idea, here are some ways on how to build wealth through property:

Capital Growth

Once you’ve purchased a property, you wouldn’t immediately gain profit from it. You might actually spend money at first to pay off your mortgage, depending on your approved loan. On a positive note, you can eventually gain profit from your property because of its increasing value. Over time, real estate value increases; hence, your property wealth increases as well. This is similar to the idea of buying at a low price and selling for a higher price.

Aside from the increase of real estate value over time, another way to create capital growth is by doing renovations and upgrades to increase the value of your property. By doing this, you wouldn’t need to wait for a longer time for your property value to grow as you get to do something to increase its value and don’t need to rely on property appreciation.

Buying Direct Property

One of the best ways to invest in property is by buying a direct property. A direct property means owning a residential property 100% under your name. When you have control over your property, you can do what you think can get you the best return on your investment.

You can choose to live on the property and let its value grow. You can choose to get tenants or furnish it to have it rented as an Airbnb. Getting a mortgage is another option if you need to get cash immediately. 

It’s also important that you buy a good property that can last for years. Buying then selling properties to upgrade constantly can be costly in terms of fees and taxes. Experienced buyer’s agents can help you get a good quality home that would fit your lifestyle and needs.

Invest in Properties to Achieve Financial Security

Having financial security is important because it lets you live your life freely. You become at peace by knowing that you are secured and you have enough finances for your needs, emergencies, recreation, or for other purposes. 

With its fast recovery from the pandemic and its developing economy, Perth is one of the best places to build property wealth. To learn more about building wealth through Perth real estate, the buyer’s agents of Buying Perth Real Estate are more than willing to discuss with you. Call us at 08 6215 0200 or send an email to clive@buyingperthrealestate.com 

Why Real Estate Is A Great Investment

More and more people are starting to explore different ways to build their wealth. Aside from having multiple income streams, having an investment is a faster way to build wealth. There are various options when it comes to investing, but having a real estate investment still remains one of the best investments that a person could make.

Here are some reasons on why real estate is a great investment:

The real estate market is less volatile.

Unlike investing in high-risk and high-return markets such as stocks and cryptocurrency, the real estate market is less volatile and less vulnerable to sudden price fluctuations. Of course, these markets have their own advantages such as accessibility and liquidity, but if you are looking for a long-term investment that you don’t need to monitor on a regular basis, real estate might be a better option for you.

real estate prices tend to go up

Its value always increases over time.

Although prices tend to fluctuate every now and then, real estate price values always increase over time. By putting time in the market, you will get a higher value for your investment than selling it sooner. 

It has a high tangible asset value.

Unlike investing in the stock market where your money is used to buy shares from a company, you can physically use your real estate investment. You can build on it, renovate it, live in it, or rent it out. By making improvements and maintaining it, you can increase your real estate property’s value. You can even earn more from it by having it rented.

real estate investment

It can increase your cash flow.

Investing in a property is a great way to increase your cash flow. Once you’ve already finished paying off your mortgage and operating expenses, you can gain profit through rental. Rental properties provide a regular, steady, and passive income. This makes it a great way to generate additional income and grow your money. 

Another way to make profit in real estate is by buying it at a low price and selling it at a higher price. Aside from the increasing value of real estate over time, you can gain more profit by building equity.

It can diversify your portfolio.

If you aren’t new with investments, you surely know about the importance of portfolio diversification. Diversifying your portfolio will help you spread out possible risks. Since real estate is a safe tangible asset, it mitigates the risk in your portfolio. Given this, it can lower your portfolio volatility and eventually provide a higher return per unit of risk.

It comes with various tax benefits.

Aside from gaining profits from real estate investments, you get to save more money as property investment provides numerous tax breaks and deductions. To simply put it, you can get tax deductions for the cost of owning, operating, and managing a property. Just ensure to record all expenses including maintenance, utilities, rental repairs, and insurance.

Throughout the course of owning a property, you will benefit from the various expenses as these deductions from your revenue will lower your taxed income.

Start Investing in Real Estate

Investing in real estate is a big decision. It’s definitely something that you need to plan and research before closing any deal. Make sure that you are ready with your deposit and have a stable stream of income. Look for developing neighbourhoods in your area. Lastly, manage your risks and calculate your possible profits.

If you’re not sure if you’re ready to invest in a property, get a free consultation from us and we’ll gladly help you in weighing the decision.

As A Buyer’s Agent, What Do You Do?

I’ve lost track of the number of times I was asked this question. So someone said, why don’t you put it in writing and answer all their questions?

“Clive, as a Buyer’s Agent, what do you do?”

My quick answer is, “I help people buy real estate property.”

They usually say, “So you are a real estate agent and you sell real estate for property owners.”

No. I am not a real estate agent and that’s the opposite of what I do.

They are surprised when I say “No”. A buyer’s agent is best described as a buyer’s advocate. Instead of selling properties, I help buyers buy the right property. I support them in the process of selection, negotiations, up to the settlement. I am the third party that they turn to for advice and direction in the total process. But it is much more complex than that.

The Process

If you are the buyer, first, I get to know you. I get to learn about your lifestyle and how that relates to the things you would like in your new home. I need to know your expectations so I can assess how I can help you better. If I am not confident that I will be able to help you, I will connect you with the people who can best help you.

The Property Brief

We call the next step The Property Brief. This is where I discover the top priorities like the number of bedrooms, bathrooms, car spaces, area preferences, accessibility to schools, recreation areas, and mode of transportations. These are the things that are non-negotiable in the final decision-making.

Research and Consultation

Once appointed, we move on to Research and Consultation. I will be giving you a good range of properties that fit the brief we have discussed. This gives you a good understanding of which options come close to your requirements and budget. After checking these properties online, you will give your feedback regarding which features you like and dislike. As the buyer’s agent, I will be the one to do all the research and provide you with all the information. Most properties we provide are not even officially in the market yet. So we have the advantage of being the first one to look at them.                          

No need for buyers to spend time searching for possible properties. With my 45 years of experience, I know who can provide ample information on the properties on and off-market. This is something that buyers do not have access to – the buyer’s agents’ advantage.

Evaluation and Communication

Then come the Evaluation and Communication. This is when we shortlist the property options. For convenience, we schedule a private viewing of the properties. Unlike open houses, this will give us enough time to see the advantages and disadvantages of the home. You will have the time to feel the atmosphere and ambiance of the home. Buyers often want to spend time in a room which is often not possible in open houses. In open houses, buyers get to look at rooms with other people in the same area. Also, they feel a bit uncomfortable with salespersons trying to qualify them as they look around.

Usually, the final selection by the buyers is totally different from the original brief. But that is the joy of having this selection process. Buyers get to explore the properties further and make a decision based on their actual visit.

Offer and Acceptance

Once the decision is made, it’s time to do the due diligence of preparing the offer and acceptance. A search of the title often shows many areas to beware of, that often the inexperienced buyer will often overlook. I need to make sure that we know about any easements, covenants, work uncompleted, or not council-approved areas on the property. There are many areas that need to be checked depending on the zoning, age of the home, water and sewerage, and council requirements. 

When the offer is written, it is crucial to protect the buyer with a finance clause and the timing of approval. This also gives confidence to the seller that our offer is genuine, and the buyer will perform. This will make the difference in getting my offer accepted against other offers that may be in competition. I will always recommend a structural and termite report from professional companies that I can trust. If it’s a Strata titled property, there is information that must be obtained prior to writing the offer to ensure everything is in order.

A Buyer’s Agent’s Other Tasks

I will be bidding for the buyer if the property is listed for an auction sale. Of course, if you want to bid yourself, you are most welcome. I find that there is an art to being successful in bidding as I’ve been an auctioneer for many years myself.

If the property is a private sale, I will handle the negotiations for you and be in close communication with the sales agent until we have a result.

Once we have been successful in purchasing, I follow the sale process right through to the final inspection to ensure that everything is in working order. Then, I follow right through to settlement.

Representing the Buyer

Because I am paid by the buyer, I am fully committed to taking the stress, time, and emotion out of buying a property. Whether it’s for your dream home or an investment property, I will make sure that the buying process is smooth.  In short, I represent the buyer. 

While the real estate agent, who is paid by the seller, is committed both morally and legally to act at all times in the seller’s interest.

So, what I ACTUALLY do, I take the stress, time, and emotion out of buying property and I represent YOU.

Hopefully, in reading this you have a sense of what I do.

Then people ask me…

Why do I act as a Buyer’s Agent instead of a Real Estate Agent?

After many years as a real estate agent, I’ve employed and trained salespeople not only how to sell real estate, but how to do it ethically and maintain a high standard of integrity. Many salespeople who did not have that benefit of good training find it very hard to look after buyers.                                                                                                                 

As a result, I registered Buying Perth Real Estate in 2017 to help buyers purchase with confidence. I do not want buyers to feel that they have made the wrong decision, because of emotion, time restraints, or pressure from a salesperson. I get excited and very satisfied when I’m chosen to help buyers through the process of Selecting, Negotiating, working through the due diligence to reach a positive outcome when buying either their dream home or investment property.

As a buyer’s agent, I work hard to produce amazing life-changing outcomes for my buyers, and that gives me great confirmation and satisfaction. This is why I chose the concentrate on being one of the most experienced Buyer’s Agents serving the Perth Buying public.

Do you need to buy a home soon? Get a free consultation from Buying Perth Real Estate today.