WINTER 2017
SOUTH PERTH In this issue What’s Sold // Market Facts // Finance Update What’s Selling // Nice Words
MARKET
UPDATE
WELCOME HOME OPEN NUMBERS ARE UP! Most sales people and agents are reporting better viewing numbers at their home opens. Previously we saw an average of 3 per home open. This has doubled in the last month. On one home open recently, we had 40 groups through! In addition to this, we are seeing multiple offers on the same property. What buyers have realised is that: 1.
It is the time to buy
2.
Finance is cheap
3.
It’s getting harder to find the right property
The decision is being made by many owners to sell first, allow enough time to find another and then settle on theirs. Others are happy to rent once they have sold so they can put in a cash offer and beat other offers which involve finance or subject sales. As always, if you are thinking of buying or selling or would like a current market appraisal, please call me today on 0419 474 240.
Alan Bourke
MARKET FACTS
There is never going to be a right time. The only time is now! Anonymous
(JUN QTR 2017)
VOLUME OF SALES - BY TYPE HOUSES
29
APARTMENTS
44
LAND
3
VILLAS
2
TOWNHOUSES
8
HOUSE SALES
219
86
FOR SALE
GONE
APARTMENT SALES
Highest Sale
$4,000,000
Highest Sale
$1,600,000
Lowest Sale
$750,000
Lowest Sale
$260,000
Average Sale
$639,000
Median Sale
$548,000
Average Sale Median Sale
$1,165,000 $958,000
(Source REIWA as at 26/07/2017)
FINANCE UPDATE At its latest meeting on the 1st August 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%.
-
SOLD & SELLING (JUN 2017 QTR) Gone
Mill Point Rd SOUTH PERTH $358,000 2x1x1
Gone
41/26-28 Charles St SOUTH PERTH POA 3x2x2
Selling
2A Albert St SOUTH PERTH Offers Above $1.89M 4x2x2
Selling
6/128 Labouchere Rd SOUTH PERTH Mid $800’s 3x2x2
Selling
2/40 Hampden St SOUTH PERTH From $1,050,000 3x2x3
Gone
Ranelagh Cres SOUTH PERTH $1.925M 4x3x4
Gone
Arlington Ave SOUTH PERTH $920,000 4x2x2
Selling
18 Coode St SOUTH PERTH Auction (unless sold prior) Land
Selling
1/128 Labouchere Rd SOUTH PERTH Above $848’s 3x2x2
Selling
15/15 Melville Pde SOUTH PERTH From $349,000 1x1x1
Gone
Canning Hwy SOUTH PERTH $330,000 3x1x1
Gone
Hardy St SOUTH PERTH $700,000
3x2x2
Selling
31/39 Hurlingham Rd SOUTH PERTH From $349,000 2x1x1
Selling
6/27 Hardy St SOUTH PERTH Mid $600’s 3x2x2
Selling
1201/30-34 Charles St SOUTH PERTH From $588,000 1x1x1
Thank you Alan for all your help. You are truly 100% professional, helpful and an all-round nice guy. R. Schokman & M. Combes
“Professionalism, experience and integrity are rare in today’s world but they are very evident in Alan Bourke, who like a good wine gets better all the time.” Dr. D. Ducrow
“I have found Alan to be an honest, experienced and caring real estate agent.” P. Strickland
“Alan Bourke gave us quality at all times. It was a pleasure to do business with your company.” L. & A. McCloy
IF YOU WOULD LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET, PLEASE CALL US TODAY FOR AN OBLIGATION FREE APPRAISAL Alan Bourke Principal / Auctioneer 0419 474 240 alan@bourkes.com.au If you’d prefer to receive this report by email, please email me your details.
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