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Author: REIWA President Damian Collins
For many West Australians, navigating real
estate transactions can be very daunting. It is a complex process and many
people are unsure about what their individual rights and responsibilities are.
In 1982, REIWA launched a public information
service to assist buyers, sellers, tenants and rental providers with their
property journeys. This valuable service allows the WA public dealing with a
REIWA agent to find answers to their real estate queries and concerns.
As the WA market has strengthened this last
year, the REIWA Information Service has seen call volumes increase.
Between 1 January and 1 October, more than 19,000
calls have been placed to the REIWA Information Service. During these calls,
West Aussies sought clarification and assistance from the Institute on a range
of real estate matters.
Residential property management was once
again the most common topic, with 68 per cent of all phone calls from tenants
and property investors. The remaining 32 per cent of calls have generally
related to residential sales.
When it comes to WA tenants, they most
commonly call REIWA to discuss rent increases, terminations, the rental
shortage and to ask questions about the condition of the property at the end of
Property investors, on the other hand, most
commonly call to seek information about a tenant’s obligation to pay rent, to
find out how the court system works in order to claim damages and to clarify
their obligations around abandoned goods.
Looking at the calls relating to residential
sales, buyers who call, generally do so to get information about pre-purchase
building inspections, to understand their obligation to obtain finance approval
and to clarify their rights for the pre-settlement inspection.
WA sellers most frequently ring to ask about
the settlement process, satisfying contractual conditions and to discuss buyer
requests which are not addressed in the contract for sale.
When you call the REIWA Information Service, you are given direct access
to local property experts who can educate you on areas you’re unsure about and
help resolve any tricky property matters you might be facing.
If there is an aspect of your real estate journey that you are unsure of
or need more information about, reach out to your REIWA agent or contact the
REIWA Information Service on 9380 8200 for assistance.
Sales activity increased nine per cent in Perth during November 2021, with reiwa.com reported sales ...
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Sales activity was stable in Perth last week, with REIWA members reporting 1,033 transactions.
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