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Aug 17, 2016
REIWA kicks off local discussion on Negative Gearing
The Real Estate Institute of Western Australia has kicked off a campaign to engage with the WA community as proposed changes to negative gearing are debated. In the lead up to the Federal Election, REIWA is seeking the thoughts and opinions of West Australians who use property to help shape their lives a nd secure their future. As part of the campaign, REIWA will share local research and survey results to ensure a balanced conversation on negative gearing. REIWA President Hayden Groves said that the current debate around negative gearing doesn’t focus on the role property plays in the lives of everyday West Australians. "The proposed changes to limit negative gearing to newly built properties will not fully address the issue of housing affordability," said Groves. "Housing affordability can only be solved with a combination of supply levers and planning and development policy reform. "Rather than tinker with negative gearing, we’ll be promoting the need for broader tax reform where the system is simple, fair and efficient. Changing just one part of a very complex system can lead to inefficiencies and distortions. "Over the coming weeks, we’ll be running a series of surveys with members of the WA public to find out what matters to them in regards to property ownership."
Aug 17, 2016
Freopolitan Hayden Groves
Introducing Hayden Groves, Principal of Dethridge Groves Real Estate in Fremantle and a more genuine gentleman you will not meet. I come from a family line of spade calling a spade types, so when you meet down to earth people like Hayden, it’s a great relief. When I learnt about Hayden’s typical day, I rapidly realized just how accommodating he is. To say Hayden is short on free time is a mild understatement. His day varies greatly so one minute he may be attending a committee meeting for Real Institute of W.A., the next sitting in front of the 6PR microphone to do live media crosses. But despite this, he made sure I felt comfortable and I could tell our time together was important to him as he happily chatted with me for longer than I could have hoped. Victorian-born Hayden came to Western Australia following a friend’s invitation to travel with him. Hayden was at a loose end following completion of his Honours Degree in Politics, decided “why not” and made the trip over, ending with a visit to his sister’s family in Perth and ultimate decision to stay on in Fremantle because he liked it so much. “There is so much richness about the personalities in Fremantle and we are all so diverse. Fremantle people are fascinating and there are lots of interesting people.” Hayden Groves. What I find most amusing is like so many, Hayden came to real estate by accident. An envy for relaxed and seemingly endless chats amongst three well known Fremantle realtors, drinking coffee where Hayden worked was the catalyst. That led to Hayden becoming a rookie realtor for one of the three, (just coincidentally? me thinks not). Hayden applied for a realty position with John Dethridge of Dethridge Real Estate. The interview process was a little unconventional. For one, Hayden attended three interviews, yes you read it right, three. But then, at the final interview a major twist developed. John offered Hayden the position, and said “If you start today you will be the only one here”. A veritable win for Hayden. I was surprised and intrigued to learn that all the other agents had walked out the day before. John’s daughter had recently started working as sales secretary and his staff were raking her over the coals, citing incompetence and demanding John dismiss her immediately or they would all walk out. Well you know the rest. John called their bluff. And so began some excellent timing for Hayden because he picked up all the listings left behind by the outgoing agents. Winner. Coming away from today’s chat with Hayden, I can see that good things do happen to good people. Hayden is serving his community and deriving a personal sense of satisfaction from pushing himself out of his comfort zone. Hayden writes regularly too, so just google him to find out all that he does.
Aug 17, 2016
Perth Rental Activity Rises
Activity in Perth’s rental market was up last month, with tenants shopping around for better deals. The volume of properties leased during May was up 3.3 per cent on April, new figures by the Real Estate Institute of Western Australia have shown. The volume was up 7.4 per cent compared to May last year. REIWA President Hayden Groves said the analysis pointed to Perth Tenants taking advantage of improved choice in the market to secure a lease at a more affordable price. “It’s pleasing to see that although rental listings remain above long term averages, there is still plenty of movement in the market with leasing figures on the rise across the metropolitan area” Mr. Groves said. “With a wealthy supply of stock on the market and moderating rent prices tenants have a good opportunity to improve their living situation”. The increase in leasing activity during May was felt across most sub-regions, with just the central and south-east sub-regions missing out on higher activity volumes. “The north-east sub-region was the stand out performer in May, lifting 16.6 per cent in April followed by the north-west sub-region which saw an 11.5 per cent increase”, Mr. Groves said. “When compared to May 2015, the south-west sub-region saw the most notable lift in listings – up 21.8 per cent on last year, followed by the north-east sub-region, up 13.5 per cent”. While the central and south-east sub-regions were down last month, leasing activity in those regions was up 2.5 per cent and 6.9 per cent respectively compared to May last year.