This warning is very timely as it is expected that house prices in most parts of WA will remain fairly steady during 2015 and therefore there will be no significant capital growth to offset any major expenditures on home renovations.
The Real Estate Institute of Western Australia has called on the State Government to adopt a Five Point Plan to improve the housing market over the next financial year.
The reality is that it is now becoming much more challenging for individuals to manage their own properties as the legal responsibilities relating to rental properties become more complex.