Breaking News for Perth, Western Australia
ANZ today announced it will increase variable interest home loan rates by 0.16%, citing a sustained rise in wholesale funding costs as well as consideration of business performance and market conditions.The new rates will be effective 27 September, 2018 and there will be no change to effective rates for home
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Westpac today announced it will increase its variable interest rates for owner occupied and residential investment property loans, reflecting a sustained increase in wholesale funding costs. All variable mortgage rates will increase by 14 basis points and take effect from 19 September 2018 and will apply to new and existing
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The ACCC has today released preliminary observations on the northern Australia insurance market following public consultation and information gathered from insurers.In July 2017, the ACCC commenced an inquiry into the supply of residential (home), contents and strata insurance in northern Australia, following direction from the Australian Government.“Our inquiry aims to address concerns
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A Leschenault builder Agostino Ietto has been ordered to pay a fine of $5,000 to the Building Commissioner for negligence as a result of an East Bunbury house that was not constructed in accordance with the plans that were approved in 2015.The Building Services Board imposed the fine against Agostino Ietto, the
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The Building Services Board has officially cautioned Fremantle builder Barry Douglas Windsor (BP11375)because he failed to ensure that the correct permit was in place prior to carrying out building extension work at a Fremantle property.This is the second time that Mr Windsor’s conduct has come to the notice of the Building
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An Aubin Grove real estate agent has had his licence and triennial certificate suspended for six months and the agency was fined $5,000 by the State Administrative Tribunal (SAT) over the misuse of a trust account.James Ademola Oladejo is the person in bona fide control of Jim’s Realty Pty Ltd. Both the
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Western Australian building contractor Archiapps Pty Ltd (reg BC14480) has entered into liquidation.Cameron Shaw and Richard Albarran of Hall Chadwick have been appointed as the liquidators of the company.Building Commissioner Ken Bowron advises that the company’s status will now trigger policies of home indemnity insurance (HII).Affected home owners should contact
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The Foreign Buyers Surcharge will be increased from four to seven per cent, bringing Western Australia in line with other States that levy a surcharge.From January 1, 2019, the surcharge will apply on the dutiable value of residential property purchased by foreigners, including corporations and trusts, in Western Australia. This
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Commerce and Industrial Relations Minister Bill Johnston today announced an update on the audit into Western Australian buildings that is examining potentially dangerous wall cladding.The audit was commissioned by the State's building regulator in the wake of the Grenfell Tower tragedy in June 2017, where 71 people, including two Australians,
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WA landlords are still being duped into renting their properties to crime gangs who turn their investment homes into cannabis grow-houses, causing extensive damage to the property.Consumer Protection and WA Police have renewed their warning to landlords to be extra vigilant with the incidents of cannabis grow-houses in rentals continuing
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