WINTER 2016
COMO
MARKET
UPDATE
In this issue What’s Sold // Market Facts // Finance Update What’s Selling // Nice Words
WELCOME An over supply? Really? We are hearing from buyers at home opens that there may be an over supply of properties but just not with the stock they are looking for. A fresh well priced property will still sell quickly with multiple offers. When studying the housing stock in South Perth and Como, there are low numbers of properties coming onto the market. Only 16% of properties in the market are less than 30 days old. 14% from 30-60 days, 14% from 60 to 90 days. We are seeing that 56% of all housing stock has been for sale for more than 90 days.
Buyers zero in on fresh entrants to the market and seem to ignore the longer listed stock (or may have already seen it). So now there’s actually an under supply of quality fresh stock available for buyers. It’s a great time to bring your property to market - before that spring over supply.
Please call me today on 0413 655 962.
Under
Chadi Damouni Vision without execution is hallucination! T Edison
MARKET FACTS VOLUME OF SALES By Type HOUSES
19
UNITS
23
LAND
3
HOUSE SALES
187
45
SELLING
GONE
UNIT SALES
Highest Sale
$1,190,000
Highest Sale
$840,000
Lowest Sale
$130,000
Lowest Sale
$160,000
(Source REIWA as at 15/07/2016)
FINANCE UPDATE At the latest meeting on 5 July, The Reserve Bank of Australia kept the official interest rate at 1.75%. The drop from 2.0% to 1.75% on 5 May 2016 was the first change since May 2015.
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GONE & SELLING (JUNE QTR 2016) Gone
Hobbs Ave COMO $1,125,000
Gone
4x3x2
Gone
Thelma St COMO $1,110,000
3x2x4
Selling
2/37 Gardner St COMO Register Your Interest
Hobbs Ave COMO $425,000 Land
Birdwood Ave COMO $585,000
Under Offer
Under Offer
Hazel St COMO Contact Agent
3x2x2
4x3x2
3/37 Gardner St COMO Register Your Interest
4x3x2
Selling
1/237 Labouchere Rd COMO From $495,000 2x1x2
Selling
40 Robert St COMO Make an Offer!
12/4 Comer St COMO From $299,000
3x1x4
1/222 Coode St COMO $499,000
3x1x2
Selling
3x2x4
Selling
4x2x4
Bessell Ave COMO Contact Agent
3x1x2
Selling
Selling
Selling
67 Hobbs Ave COMO From $1.049M
Gone
20 Leonora St COMO Suit buyers in the $2M’s 4 x 3 x 4
Selling
1x1x1
2/172 Melville Pde COMO From $599,000
3x1x2
Once again, Chadi has delivered. We have utilised Chadi’s services to buy and sell multiple properties and each time walk away happy with the outcome. Chadi listed our block for sale and achieved a higher than expected sale. Whether you are looking to sell or buy, I cannot emphasize enough how important it is to have Chadi working for you. Chadi will work with you to buy/sell, ensuring that you are happy with the transaction. Thanks again Chadi – onto the next one! James G.
Ranked 1st Chadi Damouni awarded
REIWA
Top unassisted salesperson by number of residential properties sold - April 2016
10 properties SOLD Value $6,408,000 Bourkes Achievement Awards Top Sales by Volume Sold Top Sales by Commission Highest above targets 550 Club
IF YOU ARE CONSIDERING A MOVE SOON OR WOULD LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET, PLEASE CONTACT ME AT ANY TIME Chadi Damouni Sales Executive 0413 655 962 chadi@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 Connect with Bourkes /Bourkes.Property /@Bourkes_Property /BourkesTV /Bourkes