SER­VICE MAKES MARK

Wanneroo Weekender - - Residential -

PERTH’S chal­leng­ing prop­erty mar­ket con­di­tions have re­sulted in calls to the REIWA In­for­ma­tion Ser­vice in­creas­ing sig­nif­i­cantly over the past few years, up about 9 per cent since 2014-15.

In the year to Septem­ber, it re­ceived 250 more calls than the same pe­riod last year.

About 70 per cent were from land­lords and ten­ants, with the re­main­der re­lat­ing to res­i­den­tial sales.

“It’s been an in­ter­est­ing cou­ple of years in the WA prop­erty mar­ket, with both the sales and rental mar­kets fac­ing chal­lenges si­mul­ta­ne­ously,” REIWA chief ex­ec­u­tive Neville Pozzi said. “This has nat­u­rally led to an in­crease in the vol­ume of calls the REIWA In­for­ma­tion Ser­vice has re­ceived as sell­ers, buy­ers, ten­ants and land­lords nav­i­gate this unique mar­ket­place.”

The ser­vice pro­vides West Aus­tralians with di­rect ac­cess to lo­cal in­dus­try ex­perts who can help an­swer ques­tions and re­solve is­sues.

The most com­mon ques­tions in 2017 from ten­ants re­lated to early ter­mi­na­tion of their lease, what rights land­lords have to en­ter their prop­erty while, and what rights they have with re­gards to re­pairs and main­te­nance.

Land­lords gen­er­ally sought in­for­ma­tion on the ten­ant’s obli­ga­tion to pay rent, find out how the court sys­tem works to claim dam­ages from a ten­ant, and to clar­ify their rights around aban­doned goods.

Home­buy­ers wanted de­tails about their obli­ga­tions to ob­tain fi­nance ap­proval within a pe­riod of time or to clar­ify their rights for the pre-set­tle­ment in­spec­tion.

Sell­ers most fre­quently called to find out about the set­tle­ment process, sat­is­fy­ing con­trac­tual con­di­tions and buyer re­quests that were not ad­dressed in the con­tract.

Mem­bers of the WA pub­lic who are deal­ing with a REIWA agent can di­rect real es­tate queries and con­cerns to the REIWA In­for­ma­tion Ser­vice on 9380 8200 from Mon­day to Fri­day, from 9am to 5pm.

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