AUTUMN 2017
SALTER POINT In this issue What’s Sold // Market Facts // Finance Update What’s Selling // Nice Words
MARKET
UPDATE
WELCOME As the front window of our office shows, we are seeing the first ‘green shoots’ appear in the market by way of slightly improved sales volumes. This hasn’t as yet translated to improvement in prices and won’t for a while. This is due to 3 factors: 1. Lower confidence levels 2. Minimal population growth in WA 3. High stock levels But at least volume of sales is improving and stock levels are not growing in number. Auctions are starting to show good successes with a number of homes selling at auction in the last month. Rents are still soft and tenants are negotiating on current rent levels to stay in existing homes.
Things are improving in this market too. The vacancy rate is lower though than it was last quarter (at about 5%). Investors comprise less than 9% of the market with occupiers being the balance.
Please call me today on 0405 709 763.
Kathryn Perin
A house is built by hands, but a home is built by heart.
MARKET FACTS VOLUME OF SALES By Type HOUSES
3
UNITS
0
16
5
LAND
2
FOR SALE
GONE
HOUSE SALES
LAND SALES
Highest Sale
$1,682,000
Highest Sale
$700,000
Lowest Sale
$928,500
Lowest Sale
$615,000
(Source REIWA as at 26/04/2017)
FINANCE UPDATE At its latest meeting on the 2nd May the RBA opted to leave the official cash rate on hold at 1.5%. This follows new data that indicates the strong Sydney and Melbourne property markets may be close to peaking following APRA’s intervention into the levels of interest only and investment lending the banks are funding. The banks however are raising rates independent to the RBA by 0.25-0.50%.
but you decide every day Forward or Backward. James Altucher
SOLD & SELLING (JAN-MAR 2017) Gone
Gone
Sulman Ave SALTER POINT 4x3x4
Gone
Gone
Edgewater Rd SALTER POINT 3x2x2
Sulman Ave SALTER POINT 4x3x2
Kenneally Ct SALTER POINT 4x2x2
Gone
Gone
4x2x3
Redmond St SALTER POINT 3x2x2
Gone
Gone
Letchworth Centre Ave SALTER POINT
Sulman Ave SALTER POINT Land
Gone
Gone
Hope Ave SALTER POINT
Salter Pt Pde SALTER POINT 4x2x2
4x2x2
Unwin Cres SALTER POINT Land
Gone
Sulman Ave SALTER POINT 4x2x2
Gone
Success Cres SALTER POINT 4x3x2
Gone
Klem Ave SALTER POINT
4x2x2
Gone
Unwin Cres SALTER POINT
3x1
Gone
Roebuck Dr SALTER POINT Land
* DISCLAIMER - Not all of the above SOLD properties have been sold by Bourkes
You’re a
Dynamo! Always so positive and ever the
professional. It’s been fabulous working with you - you are just
brilliant at your job. Thank you for all your hard work and energy in selling our house. M. & B. Bradburn
“We were very impressed with your guidance, offers of assistance and quick responses to all our queries when purchasing our new home. As we were both very busy when it came time to selling our house we greatly appreciated you providing a package outlining your services and costs that we could consider without having to schedule a meeting along with your positive attitude and willingness to assist with being on site for any part of the selling process.” L & T Rikkers “The transition from one home to another came with stressors, deadlines and decisions, however Kathryn was able to support us and enable us to manage this seamlessly. She was always available, efficient and professional. Kathryn understood our needs and was always supportive. She often went beyond what we would have expected and this was greatly appreciated. We would recommend her services without hesitation.” A & S Duryea I would like to take the opportunity to thank you for the excellent job you did & for making the experience of selling our property in Salter Point through Bourkes. Your local knowledge, professionalism, friendliness and honesty made it possible to attract prospective buyers and a successful sale of our home very quickly. You kept us informed at every step of the selling process. A Csolle
IF YOU WOULD LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET, PLEASE CALL ME TODAY FOR AN OBLIGATION FREE APPRAISAL Kathryn Perin
SALES EXECUTIVE Reputation, Reliability, Results!
0405 709 763 kathryn@bourkes.com.au Join me on Facebook 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