Realty Biz News Perth

 In the third quarter of 2025, the house flipping return on investment dropped below 25 percent – marking the first time since 2008 the margins fell so drastically, according to property data firm ATTOM. If you’re thinking about entering the house flipping business, or you’re an investor looking for some sound advice, here’s what you need to know — and avoid — in 2026. Read more-  https://www.forbes.com/sites/terriwilliams/2026/01/31/house-flipping-mistakes-to-avoid-in-2026---and-also-advice-that-works/

  The Albanese government has identified 67 defence sites for potential sale, aiming to unlock up to $1.8 billion as the Australian Defence Force moves to address critical capability gaps and redirect investment towards northern bases and infrastructure supporting the AUKUS program. High-profile properties including Victoria Barracks in Sydney, Brisbane and Melbourne, Spectacle Island in NSW and HMAS Penguin in NSW, are among those earmarked for divestment, following a sweeping independent audit of the Defence estate. Know more-  https://www.abc.net.au/news/2026-02-04/government-eyes-off-fire-sale-of-historic-defence-properties/106303044

 Before buying a business, asking the right questions helps you avoid costly surprises and make a confident decision. Key questions include why the business is for sale, how long it has been operating, and what the current financial performance looks like. Ask about profit trends, expenses, and any outstanding debts or legal issues. Find out who the main customers are and how stable the revenue is. Understand daily operations, staffing needs, and supplier agreements. Check what assets are included in the sale and what is excluded. Also ask about growth opportunities, competition, and what support the seller will provide after the handover. Know more-  https://www.business2sell.com.au/blogs/buying/key-questions-every-business-buyer-must-ask-a-seller

 Australia's unemployment rate fell from 4.3 to 4.1 per cent in December, according to seasonally adjusted figures from the Australian Bureau of Statistics (ABS). The figure comes less than two weeks before the Reserve Bank of Australia's next interest rates meeting, where the board will factor in economic indicators, including the jobs market. Most economists have been predicting no increase to interest rates, but some inflation hawks say the bank should jack up rates because the economy is running at or near its capacity — an argument bolstered by the stronger-than-expected jobs data. Read more-  https://www.abc.net.au/news/2026-01-22/abs-jobs-unemployment-december-2025-figures/106256288

 Raising funds to buy a business in Australia involves exploring a mix of financing options to suit your budget and goals. Many buyers start with personal savings or equity from property to show commitment to lenders. Bank loans and business finance products are common choices especially with a strong business plan and cash flow projections. Government backed schemes and grants may also support eligible buyers. Some sellers offer vendor finance which allows you to pay part of the price over time. Bringing in partners or investors is another option to share costs and risk while securing the capital needed to complete the purchase. Know more-  https://www.business2sell.com.au/blogs/buying/how-to-raise-funds-to-buy-a-business-in-australia

 We've all been there: we think we've thoroughly cleaned our homes in preparation for holiday guests coming over, only to notice all-too-late that one or two spots have been overlooked. If this sounds like you, it doesn't have to be that way anymore. We tapped some professional cleaners to find out which spots almost always get missed in the pre-holiday cleaning spree, and how to make sure you have those places covered before friends and family arrive. To know more, click here-  https://www.thespruce.com/what-everyone-forgets-to-clean-before-the-holidays-11848793

 Learn how to clean hairbrushes to remove dirt, hair, and product buildup. All these things contribute to a hairbrush that not only looks unsightly but could also do your freshly washed hair more harm than good. It's important to clean your brushes because you don't want the shedded hair to get in the way of allowing the brush to perform at its highest level and serve its purpose.  Know more-  https://www.bhg.com/homekeeping/house-cleaning/tips/how-to-clean-hairbrush/

 Bond cleaning requirements in popular Perth suburbs often follow the same core standards but expectations can vary slightly depending on property type age and location. Tenants are generally expected to return the home in a clean and well maintained condition similar to the start of the tenancy allowing for fair wear. This includes deep cleaning kitchens bathrooms floors windows and outdoor areas such as patios or balconies. Suburbs closer to the coast may require extra attention to salt residue mould and sand while inner city rentals often focus on appliances and detailed surface cleaning. Understanding local expectations helps avoid disputes during the final inspection. A clear checklist and early preparation make vacate cleaning Perth more manageable and ensure the property meets inspection standards without unnecessary stress. To know more, click here-  https://www.bondcleaninginperth.com.au/bond-cleaning-requirements-in-popular-perth-suburbs/

A bid by mining magnate Gina Rinehart to construct a rooftop helipad at the Perth headquarters of her company has been rejected by local councillors. City of Perth councillors backed recommendations from planning officials and voted six to two in opposing the application at a council meeting last night. Rinehart, the richest person in Australia, had sought to include a helipad designed to hold a Bell 429 helicopter on top of Hancock Prospecting's revamped headquarters in West Perth. Know more-  https://www.9news.com.au/national/gina-rinehart-rooftop-helipad-plan-rejected-by-perth-council/1ccb7e35-629e-41bf-ad11-c0fb7109741f

  Western Australia's beautiful natural environment creates a perennial headache for governments: how to balance environmental protection with the desires of an insatiable resources industry that keeps the state's economy ticking. Under both Mark McGowan and Roger Cook, the current Labor government has made no secret of its desire for a strong resources industry. Read more-  https://www.abc.net.au/news/2025-12-10/state-development-laws-wa-analysis/106119780

 WA tenancy laws define fair wear and tear as the natural and expected decline that happens to a property over time through normal use, not through neglect or damage. This distinction is important for tenants preparing for vacate cleaning Perth because it helps them understand what they are responsible for during the final inspection. Scuffed floors, faded paint, or worn carpets are usually considered fair wear and tear, while stains, holes, and broken fixtures may lead to deductions. Knowing this difference allows tenants to focus their cleaning efforts wisely and address issues that fall outside normal ageing. Understanding these guidelines helps tenants protect their bond while leaving the property in a respectful and well maintained condition. To know more, click here-  https://www.vacatecleaninginperth.com.au/how-wa-tenancy-laws-define-fair-wear-tear/

 Australia's unemployment rate declined to 4.3 per cent in October, down from 4.5 per cent in September, in seasonally adjusted terms. Economists say it has dashed the chances of any near-term interest rate cut. "If there was ever the slightest chance the RBA could have played Santa and delivered a surprise rate cut at its final meeting of the year next month, it was effectively wiped out following today's firm labour market report," said BetaShares chief economist David Bassanese. Know more-  https://www.abc.net.au/news/2025-11-13/australia-unemployment-rate-october-2025/106004258

A Perth council says it "deeply regrets" a mishap that saw 46 trees mistakenly cut down at a popular park during an $8.1 million redevelopment. The 4.6-hectare Elizabeth Baillie Park is being upgraded to include 43 new trees and 23,160 new plants, while the accompanying heritage-listed house is being transformed into a hospitality and entertainment district. As construction nears its end, the Town of Victoria Park has reviewed the works only to find that dozens more trees have been removed than the 30 that had been authorised. Read more-  https://www.9news.com.au/national/perth-town-of-victoria-park-mishap-sees-unauthorised-removal-of-46-trees-from-elizabeth-baillie-park-redevelopment/b12e3ed1-b0ec-46c7-af04-c8d5b5f25fa1

A detailed vacate cleaning checklist helps tenants pass their final inspection with ease. Start in the kitchen by scrubbing appliances, wiping cupboards, and cleaning sinks and benchtops. In bathrooms, remove soap scum, disinfect tiles, and polish mirrors and taps. For bedrooms and living areas, dust all surfaces, clean windows and blinds, and vacuum carpets thoroughly. Do not forget skirting boards, ceiling fans, and light fittings. Outdoor spaces like balconies and garages should also be tidy and free of rubbish. Tenants doing vacate cleaning Perth wide often find that following a clear room by room plan makes the job more manageable. Paying attention to every detail ensures your property meets inspection standards and improves your chances of getting a full bond refund.  To know more, click here-  https://www.vacatecleaninginperth.com.au/vacate-cleaning-checklist-to-pass-inspection/

The descendants of people who were murdered in one of Western Australia's most brutal attacks on Aboriginal people — the Pinjarra Massacre — are set to hear an historic apology from the WA governor today after he was invited on country. It is the first time the Bindjareb people of the Noongar Nation will have the deaths of their ancestors publicly recognised in such a way, 191 years on. Now, WA's current Governor Chris Dawson will be welcomed by traditional owners to stand on their country and acknowledge the massacre that took place. To know more, click here-  https://www.abc.net.au/news/2025-10-28/pinjarra-massacre-wa-governor-chris-dawson-apologises/105939422 

 Serial killer Eric Edgar Cooke became the last person to be executed in Western Australia when he was hanged in Fremantle Prison on October 26, 1964. Over five years, Cooke murdered at least eight people in opportunistic attacks, with no obvious common traits between the victims. For years, it was not believed the murders were linked, and innocent men were wrongfully convicted of two of the deaths. To know more, click here-  https://www.9news.com.au/world/today-in-history-october-26-what-happened-on-this-day/0c864474-0084-46c8-bd36-0547d2366064

 Real estate agents evaluate cleanliness during inspections by looking for a well maintained and spotless property that meets the lease agreement’s standards. They focus on key areas like the kitchen, bathroom, floors, and windows, checking for grease, grime, and stains. Agents also inspect walls, skirting boards, carpets, and light fittings to see if they are free from dust and marks. Attention is given to hidden spots such as behind appliances and inside cupboards. Outdoor areas like balconies or patios should also be tidy. A property that looks and smells fresh creates a positive impression. Meeting these expectations helps tenants secure their bond refund and shows respect for the property. To know more, click here-  https://www.vacatecleaninginperth.com.au/real-estate-agents-evaluate-cleanliness-at-inspection/

 A number of Nike stores have been shut across Sydney after a franchisee went into liquidation, resulting in 113 employees losing their jobs and gift certificates unable to be honoured. AF-1 and its related companies, which operated the Nike stores across Sydney's east and west, was placed into liquidation on September 26, with John Morgan of BCR Advisory appointed as liquidator. Trading across the Nike stores at Bondi Junction, Burwood, Castle Hill, Neutral Bay, Sydney CBD, and Warringah ceased on Friday, with 113 casual and full-time employees receiving termination letters. Read more-  https://www.9news.com.au/national/nike-shuts-multiple-stores-across-sydney/c24e3a5e-6f64-4575-8498-d184292d896f

  Australian home values rose again in September, with experts warning a surge of first-home buyers using wafer-thin deposits is set to push prices even higher in the months ahead. National dwelling values climbed 0.8 per cent — the strongest monthly gain since October 2023 — marking the eighth consecutive rise, according to property research firm Cotality. Over the September quarter, values rose 2.2 per cent, adding an average of $18,215 to the cost of a home The national median home value is now $857,280. Darwin led the monthly gains, surging 1.7 per cent in September, followed by Perth, Brisbane, Adelaide, Sydney, Canberra, Melbourne and Hobart. Read more-  https://www.abc.net.au/news/2025-10-01/home-prices-climb-first-home-buyer-expanded-scheme-cotality/105833754

 Emerging suburbs across Australia are attracting investors looking for affordable commercial properties due to their lower prices and strong growth potential. Areas like Revesby in New South Wales offer convenient access to public transport and major roads, making them appealing for commercial and industrial tenants. In Victoria, suburbs such as Footscray near Melbourne’s CBD are developing rapidly with new infrastructure, healthcare projects, and improved transport links, creating vibrant business opportunities. Northern suburbs of Perth are also experiencing growth with expanding residential and commercial developments. Investing in these emerging areas allows buyers to enter the market at lower costs while benefiting from future economic and infrastructure growth. To know more, click here-  https://www.commercialproperty2sell.com.au/blog/2025/09/emerging-suburbs-for-affordable-commercial-pr.php