News

Home Buyers Enter Market in Western Australia

By Kevin Kelly

More than 1,000 homeowners have taken advantage of the Opening Doors initiative since its inception in September 2011, according to an October 26 media release posted on the Western Australia state government's official website.

This initiative, which is part of the government's Affordable Housing Strategy, is intended to help Western Australians make the dream of homeownership a reality.

“As of October 1 2013, 1,112 properties have been sold through this initiative," said Housing Minister Bill Marmion in the release.

"The success in reaching this milestone in less than two years is a strong signal that the state government is delivering quality housing at an affordable price. We want to make home ownership, rather than public housing, the destination for all West Australians.”

Whether seeking housing in Perth or real estate in Bunbury, it seems that a wide swath of the general public is realising now is a good time to invest in property in the area.

In addition to the Bunbury Mail reporting that real estate agents are putting their money where their mouths are by buying in the area, finder.com.au reported that 90 per cent of first home buyers in WA said it is their New Year's resolution to purchase a property during 2014.

Up to Date

Latest News

  • How will changes to depreciation legislation impact investors?

    May 2017 saw the proposal of changes to property depreciation legislation. The changes came into effect in November, but with the end of the financial year in sight, what do property investors need to know moving forward? How will the new legislation effect Australian investors and those from abroad?

    Read Full Post

  • 5 ways to nail presentation for an open home

    When it comes to open homes, there’s a lot to do to prep your property. A lot of it comes down to cleaning and tidying, but there are a few other tips you can make use of to ensure that your home is presented in its best possible light. Here are five tips for open home presentation from the team at Ray White Bunbury.

    Read Full Post