
Welcome To DGRE
With over 44 years of service to the greater Fremantle community, Dethridge Groves Real Estate is your local expert in real estate sales and property management. Three-time REIWA award-winners in marketing and communications, DGRE has an expert team of real estate selling agents and property managers, led by former REIWA President Hayden Groves. DGRE is your preferred, trusted real estate partner, having sold and managed more homes in and around Fremantle than any other agency. Contact us today for your free market appraisal, property management services, market analysis and general real estate advice from the community’s leading agency.
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Latest News
Nov 30, 2023
Rental Reform On Way
The Cook government introduced legislation into the parliament this week that seeks to make sweeping changes to the Residential Tenancies Act that favour tenants. Assuming these changes pass into law the following key changes will impact residential tenancies: Tenants will be allowed to keep pets and the property owner will only be able to refuse in certain circumstances. Tenants will be able to make minor modifications to the property without permission from the owner. Rent increases are limited to once annually. The process of bond disposals can be commenced by either tenant or landlord. Disputes will mostly be heard by the Commissioner of Consumer Protection rather than the Magistrate’s Court. Rent bidding will be banned. Overall, the changes are moderate and align with tenancies laws in other states and territories. Importantly, the changes stop short of prohibiting ‘without grounds terminations’, a silly phrase used to describe circumstances where a tenant requests a further lease term after the end of a fixed term and the landlord refuses without giving a reason. REIWA conducted a survey into this particular element of the tenancy laws with an astonishing 61 percent of the 6,000-odd landlords surveyed saying they’d ‘consider selling’ the property if ‘without grounds terminations’ were prohibited. Given a fixed term lease has a clear end date, neither party should anticipate that an additional lease or reversion to a ‘periodic lease’ is assured. You don’t have to give a reason to end a fixed term agreement in any other circumstance, even a marriage! At a time where supply of rental homes are at crisis point across Australia, new laws that actively undermine the encouragement of supply risks further disincentivising the main cohort of property investors; unsophisticated, family investors the majority of whom own one additional property other than their home. Hopefully, investors consider the incoming changes reasonable and will continue to add to the rental pool by investing in residential real estate. Given family investors provide 9 in every 10 rentals in WA, we cannot afford to discourage them....
Nov 30, 2023
Giving at Christmas
Giving at Christmas The National Hotel and St. Patrick’s Community Support Centre held their legendary Long Table Christmas Dinner on Saturday 24th November and raised much-need funds to assist those without a place to call home. A shout-out to Karl and Janine Bullers for their inspiration. You see evidence of homelessness everywhere every day. I hear that Fremantle has a resident population of about 120 rough sleepers. Such is the confronting nature of homelessness that some of us opine that those in authority must ‘move them on’, put them elsewhere to make our lives less confronted. But this just locates the problem elsewhere. Family break-down, domestic and family violence, job-loss, addiction and untreated mental health issues all contribute to homelessness and most of us can’t imagine ever being amongst their number. It has been said we’re all a handful of catastrophic life events away from homelessness. It is not an incurable disease; it is rarely a choice and it can be overcome. There are dozens of organisations whose sole purpose is to help transition the homeless back into secure, affordable housing. Local heroes like St Pat’s do extraordinarily good work in supporting Fremantle’s homeless. Yet St. Pat’s is constrained by funding, they never have enough beds to house the needy and, amongst many other organisations, can only do so much with their small army of volunteers. REIWA members, through the Community REInvest program provide financial help to the Salvation Army’s various homeless assistance measures. So far, REIWA agents have donated more than $1,200,000. Local agents, Caporn Young, White House and Dethridge Groves support this program and I encourage other REIWA member agencies to join. Current government social housing systems mean eligible applicants can wait up to eight years to get into suitable housing. According to various sources, 60,000 households need social and affordable homes in WA, yet despite the overwhelming need for housing, 1 in 6 homes nationally remain underutilised. The state government has pledged to build 3300 more social homes within the next four year which should help but this is really only playing catch up. There are already 8,000 fewer privately owned investment homes in market now than a year ago. For every government-supplied home, mum and dad investors supply ten. Part of the solution to finding affordable homes for those on struggle street is to incentivise these modest investors. How about removing stamp duty for those that commit to buying affordable rental properties or guaranteeing attractive rent returns in exchange for providing affordable rents. Perhaps early access to superannuation with guaranteed buy-back at pre-determined returns into the future. The great work of benevolent groups is laudable, but investors need more encouragement in solving homelessness....
Nov 30, 2023
To Auction or Not to Auction
Why Auction my Property? With property listings across the Perth metropolitan area dropping below 5,000 whilst property transactions tack 25 percent above the five-year average, there’s little doubt that the current ‘sellers’ market’ conditions are likely to prevail for some time. With strong demand for quality homes our most popular method of sale, private treaty, normally attracts multiple offers and because buyers are making offers ‘blind’, it is possible to have a large gap between the best offer and the one second in line. The auction process is different, of course, with buyers unlikely to bid much above a competing buyer. It is reasonable to conclude, therefore, that selling by private treaty could deliver superior outcomes than an auction in the current market. But this is not necessarily the case. In such a strong market, buyers in open bidding competition know precisely what they need to pay to prevail at auction. With private treaty, buyers will often hold back from their maximum price hopeful they’ll get a chance to further negotiate with the seller. The seller may choose to accept the best offer, perhaps unsure if they’ve extracted the best price. At auction, the seller knows they’ve extracted the best possible price from those bidding in open competition once past the reserve. Other benefits to sellers include a cash, usually unconditional contract at auction, a settlement period that suits their needs, a healthy deposit and the delivery of what is the very definition of fair market value. The “no price” marketing strategy in the lead up to the auction day is also beneficial as it captures all possible buyers, including those that may not otherwise consider the property if on the market at a fixed price by private treaty. The “start low, end high” nature of auctions also discharges agents’ fiduciary responsibility of obtaining the highest possible price. The auction process also “shakes the buyer tree” and reveals all possible buyers active in the market. Once past the reserve price, a skilled auctioneer will extract the best possible outcome and if two or more competing and motivated bidders are participating, the end result is likely to well exceed the sellers’ expectations. An auction campaign also gives sellers the chance to extract strong offers prior to auction day as some buyers may fear a ‘bidding war’ on the day of auction. And most properties that fail to reach reserve price on the day and pass-in sell in the days following. To give themselves the best possible chance of selling well at auction, sellers ought to set a realistic reserve price and talk to their auctioneer about having some flexibility around the reserve and how this may work on the day. When selling be sure to ask your agent about all the options when coming to market as there’s benefits with all methods of sale, including an auction. It’s a matter of choosing a method that suits your needs and circumstances and agents should be across the details of all options....
Oct 25, 2023
Real Estate Ethics
As a junior sales agent many years ago, I lost a listing to a competitor. The seller’s rationale surprised, telling me, “We really like you, Hayden, and the other guy makes my skin crawl, but we reckon he can get us the best price.” The idea there was a disconnect between being a good person and achieving the best market price was difficult to comprehend then as it is today. Thankfully, the two are not mutually exclusive. The Governance Institute of Australia undertakes an annual survey of Australian society’s perceptions of ethics across the major occupational sectors. Unsurprisingly, nurses, veterinarians, doctors, teachers, ambulance and fire services all rank in the top ten of ethical occupations. The bottom ten are made up of lawyers, politicians, senior executives and fund managers. Real estate agents appear third last with 46 percent of those surveyed suggesting we were ‘somewhat unethical or very unethical’. Remarkably, the militant Construction Forestry Maritime Mining Energy Union ranked higher in ethical behaviour than real estate professional associations. Clearly, the community judge us and those who represent our interests (as President of the REIA that includes me) harshly. With such a poor ethical reputation, it is surprising that many real estate agencies survive as long-standing small businesses. It’s hard to imagine a local restaurant, retail shop or other cottage business that suffered such a poor reputation surviving very long. As a local real estate practitioner and employer, your reputation is everything. Damage your reputation through misconduct in the market and word quickly spreads that you’re untrustworthy. Most local agents enjoy a solid reputation, attract repeat business and have serviced their communities for years. For example, a quick Google search of Fremantle’s top three real estate agencies boasts 418 reviews at an average of 4.6 stars. And ask random folk about real estate agents and the reply is often, “they’re terrible, but mine’s great!”. So, why is there a disconnect between community perception and most users of real estate services? It's noteworthy that during peak COVID in 2020, the ethical standing of agents improved, a result of our sector’s management of rental moratoriums and tricky selling environment. Current market conditions where buyers and tenants are disadvantaged can lead to a perception that agents are acting unethically. Mostly though, it is our fiduciary responsibility to work in our client’s best interest that impacts community perceptions of an agents’ ethical conduct. Being duty bound to achieve the highest possible rent and/or market price for a property in times where supply is tight and demand is high, impacts those on the buying and renting side. It follows that a buyer or tenant can feel ‘forced by the agent’ to pay more and that is perceived as unethical behaviour. Perception or reality, the work of real estate agents requires greater transparency. The community, especially younger people, expects more from us in how we conduct our business. We can find reasons and get defensive about it, but the reality is we need to do more in this space to win the hearts and minds of the communities we serve. ...
Nov 30, 2023
Rental Reform On Way
The Cook government introduced legislation into the parliament this week that seeks to make sweeping changes to the Residential Tenancies Act that favour tenants. Assuming these changes pass into law the following key changes will impact residential tenancies: Tenants will be allowed to keep pets and the property owner will only be able to refuse in certain circumstances. Tenants will be able to make minor modifications to the property without permission from the owner. Rent increases are limited to once annually. The process of bond disposals can be commenced by either tenant or landlord. Disputes will mostly be heard by the Commissioner of Consumer Protection rather than the Magistrate’s Court. Rent bidding will be banned. Overall, the changes are moderate and align with tenancies laws in other states and territories. Importantly, the changes stop short of prohibiting ‘without grounds terminations’, a silly phrase used to describe circumstances where a tenant requests a further lease term after the end of a fixed term and the landlord refuses without giving a reason. REIWA conducted a survey into this particular element of the tenancy laws with an astonishing 61 percent of the 6,000-odd landlords surveyed saying they’d ‘consider selling’ the property if ‘without grounds terminations’ were prohibited. Given a fixed term lease has a clear end date, neither party should anticipate that an additional lease or reversion to a ‘periodic lease’ is assured. You don’t have to give a reason to end a fixed term agreement in any other circumstance, even a marriage! At a time where supply of rental homes are at crisis point across Australia, new laws that actively undermine the encouragement of supply risks further disincentivising the main cohort of property investors; unsophisticated, family investors the majority of whom own one additional property other than their home. Hopefully, investors consider the incoming changes reasonable and will continue to add to the rental pool by investing in residential real estate. Given family investors provide 9 in every 10 rentals in WA, we cannot afford to discourage them....
Nov 30, 2023
Giving at Christmas
Giving at Christmas The National Hotel and St. Patrick’s Community Support Centre held their legendary Long Table Christmas Dinner on Saturday 24th November and raised much-need funds to assist those without a place to call home. A shout-out to Karl and Janine Bullers for their inspiration. You see evidence of homelessness everywhere every day. I hear that Fremantle has a resident population of about 120 rough sleepers. Such is the confronting nature of homelessness that some of us opine that those in authority must ‘move them on’, put them elsewhere to make our lives less confronted. But this just locates the problem elsewhere. Family break-down, domestic and family violence, job-loss, addiction and untreated mental health issues all contribute to homelessness and most of us can’t imagine ever being amongst their number. It has been said we’re all a handful of catastrophic life events away from homelessness. It is not an incurable disease; it is rarely a choice and it can be overcome. There are dozens of organisations whose sole purpose is to help transition the homeless back into secure, affordable housing. Local heroes like St Pat’s do extraordinarily good work in supporting Fremantle’s homeless. Yet St. Pat’s is constrained by funding, they never have enough beds to house the needy and, amongst many other organisations, can only do so much with their small army of volunteers. REIWA members, through the Community REInvest program provide financial help to the Salvation Army’s various homeless assistance measures. So far, REIWA agents have donated more than $1,200,000. Local agents, Caporn Young, White House and Dethridge Groves support this program and I encourage other REIWA member agencies to join. Current government social housing systems mean eligible applicants can wait up to eight years to get into suitable housing. According to various sources, 60,000 households need social and affordable homes in WA, yet despite the overwhelming need for housing, 1 in 6 homes nationally remain underutilised. The state government has pledged to build 3300 more social homes within the next four year which should help but this is really only playing catch up. There are already 8,000 fewer privately owned investment homes in market now than a year ago. For every government-supplied home, mum and dad investors supply ten. Part of the solution to finding affordable homes for those on struggle street is to incentivise these modest investors. How about removing stamp duty for those that commit to buying affordable rental properties or guaranteeing attractive rent returns in exchange for providing affordable rents. Perhaps early access to superannuation with guaranteed buy-back at pre-determined returns into the future. The great work of benevolent groups is laudable, but investors need more encouragement in solving homelessness....
Nov 30, 2023
To Auction or Not to Auction
Why Auction my Property? With property listings across the Perth metropolitan area dropping below 5,000 whilst property transactions tack 25 percent above the five-year average, there’s little doubt that the current ‘sellers’ market’ conditions are likely to prevail for some time. With strong demand for quality homes our most popular method of sale, private treaty, normally attracts multiple offers and because buyers are making offers ‘blind’, it is possible to have a large gap between the best offer and the one second in line. The auction process is different, of course, with buyers unlikely to bid much above a competing buyer. It is reasonable to conclude, therefore, that selling by private treaty could deliver superior outcomes than an auction in the current market. But this is not necessarily the case. In such a strong market, buyers in open bidding competition know precisely what they need to pay to prevail at auction. With private treaty, buyers will often hold back from their maximum price hopeful they’ll get a chance to further negotiate with the seller. The seller may choose to accept the best offer, perhaps unsure if they’ve extracted the best price. At auction, the seller knows they’ve extracted the best possible price from those bidding in open competition once past the reserve. Other benefits to sellers include a cash, usually unconditional contract at auction, a settlement period that suits their needs, a healthy deposit and the delivery of what is the very definition of fair market value. The “no price” marketing strategy in the lead up to the auction day is also beneficial as it captures all possible buyers, including those that may not otherwise consider the property if on the market at a fixed price by private treaty. The “start low, end high” nature of auctions also discharges agents’ fiduciary responsibility of obtaining the highest possible price. The auction process also “shakes the buyer tree” and reveals all possible buyers active in the market. Once past the reserve price, a skilled auctioneer will extract the best possible outcome and if two or more competing and motivated bidders are participating, the end result is likely to well exceed the sellers’ expectations. An auction campaign also gives sellers the chance to extract strong offers prior to auction day as some buyers may fear a ‘bidding war’ on the day of auction. And most properties that fail to reach reserve price on the day and pass-in sell in the days following. To give themselves the best possible chance of selling well at auction, sellers ought to set a realistic reserve price and talk to their auctioneer about having some flexibility around the reserve and how this may work on the day. When selling be sure to ask your agent about all the options when coming to market as there’s benefits with all methods of sale, including an auction. It’s a matter of choosing a method that suits your needs and circumstances and agents should be across the details of all options....
Oct 25, 2023
Real Estate Ethics
As a junior sales agent many years ago, I lost a listing to a competitor. The seller’s rationale surprised, telling me, “We really like you, Hayden, and the other guy makes my skin crawl, but we reckon he can get us the best price.” The idea there was a disconnect between being a good person and achieving the best market price was difficult to comprehend then as it is today. Thankfully, the two are not mutually exclusive. The Governance Institute of Australia undertakes an annual survey of Australian society’s perceptions of ethics across the major occupational sectors. Unsurprisingly, nurses, veterinarians, doctors, teachers, ambulance and fire services all rank in the top ten of ethical occupations. The bottom ten are made up of lawyers, politicians, senior executives and fund managers. Real estate agents appear third last with 46 percent of those surveyed suggesting we were ‘somewhat unethical or very unethical’. Remarkably, the militant Construction Forestry Maritime Mining Energy Union ranked higher in ethical behaviour than real estate professional associations. Clearly, the community judge us and those who represent our interests (as President of the REIA that includes me) harshly. With such a poor ethical reputation, it is surprising that many real estate agencies survive as long-standing small businesses. It’s hard to imagine a local restaurant, retail shop or other cottage business that suffered such a poor reputation surviving very long. As a local real estate practitioner and employer, your reputation is everything. Damage your reputation through misconduct in the market and word quickly spreads that you’re untrustworthy. Most local agents enjoy a solid reputation, attract repeat business and have serviced their communities for years. For example, a quick Google search of Fremantle’s top three real estate agencies boasts 418 reviews at an average of 4.6 stars. And ask random folk about real estate agents and the reply is often, “they’re terrible, but mine’s great!”. So, why is there a disconnect between community perception and most users of real estate services? It's noteworthy that during peak COVID in 2020, the ethical standing of agents improved, a result of our sector’s management of rental moratoriums and tricky selling environment. Current market conditions where buyers and tenants are disadvantaged can lead to a perception that agents are acting unethically. Mostly though, it is our fiduciary responsibility to work in our client’s best interest that impacts community perceptions of an agents’ ethical conduct. Being duty bound to achieve the highest possible rent and/or market price for a property in times where supply is tight and demand is high, impacts those on the buying and renting side. It follows that a buyer or tenant can feel ‘forced by the agent’ to pay more and that is perceived as unethical behaviour. Perception or reality, the work of real estate agents requires greater transparency. The community, especially younger people, expects more from us in how we conduct our business. We can find reasons and get defensive about it, but the reality is we need to do more in this space to win the hearts and minds of the communities we serve. ...