AUTUMN 2020
experience better
SOUTH PERTH In this issue Market Facts | Finance Update | What’s Sold What’s Selling | Words of Wisdom
MARKET UPDATE
WELCOME MARCH QTR With everyone left distancing and staying at home one would assume that sales would have slowed considerably.
Buyers are still out buying – using virtual tours, 3D tours, Facetime and WhatsApp showings then requesting a private viewing.
Not the case.
This will probably change the way properties are searched and viewed forever.
REIWA reported on 31 March that weekly sales were 603 down from 690 the week before and up from 469 the year before. We expect sales to reduce as isolation kicks in. After the hibernation we will return to another new normal-whatever that looks like. We just know that now is a sensational time for buying. For those with job stability jump in now!
MARKET FACTS
On another topic, there’s nothing more comforting in these times of isolation as your own home. To have loved ones under your own roof and out of harms way is very comforting. Bob Menzies talked of housing as ‘MetaPhysical’- not just the physical nature of the house but the feeling
of security & well being that comes with owning your own home. Stay safe. As always, if you are thinking of buying or selling or would like a current market appraisal, please call me on 0411 429 069.
Karen Firth Sales Executive 0411 429 069 ‘For what it’s worth, call Firth!’
(MAR QTR 2020)
VOLUME OF SALES - BY TYPE HOUSES
14
APARTMENTS/UNITS/ TOWNHOUSES/FLATS
55
102
71
2
FOR SALE
GONE
LAND
HOUSE SALES Highest Sale Lowest Sale
LAND SALES
$5,750,000 $555,000
Highest Sale Lowest Sale
$565,000 $550,000
(Source RP DATA as at 08/04/2020)
FINANCE UPDATE BY GLEN AUSTEN - DIRECTOR - TAG FINANCIAL GROUP Most of us have heard enough of the “unprecedented times” that we are in, so let’s look at the positives of the financial sector and what is going on in the big wide world that we are not allowed to physically explore anymore. The Government is helping those with mortgages to maintain them by offering various stimulus options. The banks are helping by pausing (not waiving) repayments for 3 to 6 months, dropping rates, and offering loans to SME’s to help them maintain their businesses. Most importantly though, the banks are still open for business and lending money. Yes they are being a bit more cautious and ensuring that they lend to those they feel are of less risk, but they are still lending money, and lots of loan applications are still being submitted and getting approved. The world hasn’t stopped. It’s just got a really bad cold and we are all working together to shake it. In the process the savvy buyers and sellers are using this opportunity to their advantage!
SOLD & SELLING Gone
Norfolk Street SOUTH PERTH $1,475,000 3x2x2
Gone
Roseberry Avenue SOUTH PERTH $980,000 3x1x1
Gone
Coode Street SOUTH PERTH $870,000 4x2x2
Selling
2 Karoo Street SOUTH PERTH $2,500,000 6x3x3
Selling
30 Roseberry Avenue SOUTH PERTH Mid $1M’s 4x2x2
(MAR QTR 2020) Gone
Labouchere Road SOUTH PERTH $683,000 3x2x2
Gone
Hampden Street SOUTH PERTH $1,600,000 4x2x2
Gone
Canning Highway SOUTH PERTH $555,000 2x1x1
Selling
6A Ridge Street SOUTH PERTH Offers Above $799,000 3 x 2 x 4
Selling
69A Strickland Street SOUTH PERTH EOI 4x3x4
Gone
Jubilee Street SOUTH PERTH $2,400,000 4x3x3
Gone
Douglas Avenue SOUTH PERTH $1,210,000 4x3x4
Gone
Mends Street SOUTH PERTH $5,750,000 3x2x2
Selling
18 Scenic Crescent SOUTH PERTH $1,850,000 4x3x2
Selling
76 Lawler Street SOUTH PERTH $1,100,000 4x2x2
* DISCLAIMER - Not all of the above GONE or SELLING properties have been sold by Bourkes and are provided for information purposes.
Karen delivered on the two things that really mattered – rapid sale of property and optimal sale price for the home – a great salesperson. I found the service supplied to be above average and I’m satisfied with the results. A pleasure to do business with, would contact Karen Firth when selling or buying in this area in the future. Professional and efficient agent, made our purchase trouble free and pleasurable.” P. & S. Keynes
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“Karen provided an extremely professional service. I would not hesitate to recommend her to anyone wishing to sell their house.” P. Cookson
“Karen’s bright personality and enthusiasm was refreshing! My family was a little over-whelmed with having to sell the family home that has been with us for over 60 years. Karen helped and guided us through the process, not only in terms of her expertise around the sale, but also in terms of understanding the emotional attachment that family members had with the property and the difficulties navigating through that. Nothing was too much trouble and Karen was on call to deal with whatever issues arose. She also strictly stood by her principles. We were very happy with the process and the outcome of the sale under the circumstances in which it needed to be sold. We would highly recommend Karen to anyone wanting to sell their property, commercial or residential.” Mary and siblings
“For what it’s worth, call Firth” Karen Firth Senior Sales Executive
0411 429 069 karen@bourkes.com.au If you’d prefer to receive this report by email, please email me your details.
272 Canning Highway COMO | 08 9474 2000 | bourkes.com.au
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