AUTUMN 2018
experience better
SOUTH PERTH In this issue Market Facts | Finance Update | What’s Sold What’s Selling | Words of Wisdom
MARKET UPDATE
WELCOME The first quarter in every year is a time for optimism and personal mobility. Families move into a suburb often to attend good schools. Companies transfer personnel at this time. Overseas migrants often move at the start of the school year. Sales and rental figures always show good indications in the first quarter. That, combined with stable interest rates, a restoring confidence level and lower rental vacancy rates, all contribute to confidence for buyers and investors. There is consistent reports that Perth has come from the darkness and into the light. Sales numbers are strong and will recover in 2018. Homes are faring better than units with studies showing that the house market has bottomed and moving up. Units may still have a little way to go to bottom out in certain areas and product type.
MARKET FACTS
Developers are looking again at smaller development sites. We are seeing strong interest in the Canning Bridge precinct with exciting new projects coming on line. In the retirement area, it was great to see Southcare get permission to build a new aged-care project in Manning toowhich will generate strong interest. As always, if you are thinking of buying or selling or would like a current market appraisal, please call us today on 9474 2000.
Alan Bourke B.Ec. Principal/Auctioneer
(MAR QTR 2018)
VOLUME OF SALES - BY TYPE HOUSES
30
APARTMENTS
44
LAND
1
COMMERCIAL
0
HOUSE SALES
137
75
FOR SALE
GONE
APARTMENT SALES
Average Sale
$6,625,000 $675,000 $1,775,969
Average Sale
$4,070,000 $277, 000 $1,200,474
Median Sale
$1,237,500
Median Sale
$822,000
Highest Sale Lowest Sale
Highest Sale Lowest Sale
(Source RP DATA as at 16/04/2018)
FINANCE UPDATE At its meeting on April the 3rd, the RBA opted to leave the official cash rate on hold at 1.5%. This marks the nineteenth meeting in a row where the RBA has left rates unchanged, with the last rate change taking place in August 2016, a 25 basis point rate cut.
SOLD & SELLING Gone
Gone
River View St SOUTH PERTH $822,000 3x2x2
Gone
Brandon St SOUTH PERTH $390,000
Anstey St SOUTH PERTH $540,000
Gone
3x1x2
Gone
3x1x1
Elizabeth St SOUTH PERTH $2,100,000 4x2x2
Selling
Selling
5/8 York St SOUTH PERTH Early $500,000’s
(MAR 2018 QTR)
2x1x1
Selling
42/1 Hardy St SOUTH PERTH Offers 2x1x1
Selling
5/6 Hopetoun St SOUTH PERTH From $659,000 3x1x1
6 Brookside Ave SOUTH PERTH From $1,700,000 4 (4 x 1+ Study)
Selling
19 Fortune St SOUTH PERTH From $1,590,000 4x3x2
Selling
130 Coode St SOUTH PERTH From $799,000 2x1x1
Tate St SOUTH PERTH $650,000
3x1x1
Gone
Manning Tce SOUTH PERTH $304,000 4x1x1
Selling
24 River View St SOUTH PERTH From $1.5M 3x2x3
Selling
16 Brandon St SOUTH PERTH From $1,395,000 4 x 2 x 2 + Study
Selling
158 Canning Highway SOUTH PERTH $665,000 - $685,000 3x1x2
John Szkirpan is a fantastic agent and went above and beyond the call of duty. Very helpful with all my queries and very patient when it came to assisting me with my first home purchase. It was great dealing with you and thanks again! Would highly recommend! J. Greenaway
“Karen Firth 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
“Steven Webster was great to deal with, up front, honest and helpful. Steven went out of his way to accommodate our requests, and he is very professional as well as approachable. I would happily recommend him.” C. Power
“Kathryn Perin is 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
If you would like to know what your property is worth in today’s market, please call us today for an obligation free market appraisal on 9474 2000. Kathryn Perin 0405 709 763
John Szkirpan 0403 069 733
Karen Firth 0411 429 069
Steven Webster 0413 310 330
272 Canning Highway COMO | 08 9474 2000 | bourkes.com.au
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