REIWA to elect new president

Hayden Groves will finish his term as REIWA  president on October 4.
Hayden Groves will finish his term as REIWA president on October 4.

REIWA is set to elect a new president with Hayden Groves’ three-year term finishing on October 4.

Mr Groves will remain on the REIWA Council, a position he has held since 2010.

A new president will be elected when the council meets next week.

Mr Groves said the past three years had been extremely rewarding and thanked the council and REIWA members for entrusting him with the role.

“My tenure as president has marked a very challenging time for the WA property market,” he said.

“We’ve seen state migration slow, less demand from buyers and tenants, increased stock levels and subdued transactional activity.

“Somewhat unusually, no sector of the market has been spared the malaise, although tenants and buyers have benefited from improved affordability.

“Thankfully the worst appears to be behind us and I am hopeful a recovery is on the horizon.”