Dear Clients, Associates & Friends,
Welcome to our De Freitas & Ryan Monthly E-News Update.
The month of October has proven to be a most interesting one here at the ’coal face’ of Real Estate in Western Australia and it hasn’t been all bad news either.
The response to our October E-Newsletter brought high praise from some of our readers and amusement from others but the main thing for us is that we are able to pass on what’s going on in the real world of Real Estate.
Going back a month we had all the ’Crash of 2008’ headlines and bad news all around, however there has been some really positive moves rising out of the rubble.
The Reserve Bank of Australia made the decision to reduce rates which after much conjecture was passed onto borrowers by the major lenders. When you talk to the buying public out there today, there is now the overwhelming perception (despite what’s going on in the big world of finance) if you are going to buy property here in Australia, interest rates are going down and not up. This of course is a huge stimulus to the property market and the old ’C’ word, yes, confidence will push through brick walls better than anything else.
In addition to the interest rate reduction, the Australian government has made the decision to further stimulate the housing market by increasing the First Home Buyers Grant to $21,000 for the building of a new home and $14,000 for the purchase of an established home.
Already in place for First Home Buyers is the fact that they do not pay stamp duty here in Western Australia for a purchase up to $500,000.
At the present time, there is a shortage of homes in Australia and as stated in previous newsletters, we need them built and we need them built now. With population increase aided by the rising levels of immigration, we actually have a backlog of unmet underlying demand for housing which has had the effect of upward pressure on rents over the past year or so.
First Home Buyers should act quickly to secure a home while the prices here are still at conservative levels following the past 9 months of doom and gloom in the media.
A good client of our Company who runs a mortgage lending business informed me today that his office has been ’flat out’ with enquiries from First Home Buyers who are getting their act together in order to enter the market.
I mentioned last month that we would be announcing some positive news in regard to our Company and that positive news is as follows.
Since we began business in July of 2007, we have outgrown our little arcade shop here in Fremantle to the point that we had to review our whole business plan.
It appears that the public are impressed with the way we do business so as a result, we looked at our whole market place and decided to move to where we could best maximize our sphere of influence.
| Miguel and I are proud to announce that,
as of the 7th of November, we will now be operating our business from our new showroom/office located at: Office One, 752 North Lake Road, South Lake/Cockburn Central. |
Our new office to be honest is far too big for us however; we have planned for the future and believe we can offer a wonderful service for our clients from these premises.
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Our location places us in the heart of our target market and with highway exposure, excellent freeway access and client parking at the door, we are confident that we’ve made the right move.
I’ll catch you again next month after we’ve settled into our new office.
Rod Ryan
M: 0408 405 262
P.S: The sign writing is about to go up and the carpets will be laid in a few days. Then all we have to do is pay for it.
