Flyers - Market Update - Shaun Groves - March 2020

Page 1

THE PROPERTY EXCHANGE

Resident Report

Market Update Is the property market hotting up? Yes is the short answer! In the last quarter of 2019 Mount Claremont achieved positive growth of 1.7%. There is evidence that we have turned the corner in our beautiful suburb and we are seeing this right throughout the Western Suburbs.

Why is the market changing? In short, mining and positive population growth in Western Australia. We have seen a dull old decade in the WA property market but the light is beginning to shine at the end of the tunnel. While property values are generally back at 2006 levels there are plenty of reasons for individuals to buy. The local Perth economy is up 1.0%, employment is up 1.4%, and the population is up 1.1%. Add to this the fact that the Reserve Bank of Australia cut the cash rate four times in the last year, meaning prospective buyers can borrow money on historic low rates - this is the sort of positivity that gets the market moving. On average, properties are selling 16 days faster than the same quarter last year, making it the fastest time to sell since December 2017. We have been experiencing large numbers at our home opens over the last 3 months with properties selling after the first home open with competing offers. So, if you’re thinking of a move and before mid-winter hits, get some facts, figures and helpful advice on where and more importantly how to sell your home. We are experts at it!

SHAUN GROVES

0414 461 976

shaun@thepropertyexchange.com.au *Sources REIWA and Nerida Conisbee Chief Economist at Realestate.com.au

THE PROPERTY E

CHANGE

Real Estate Sales and Property Management

9388 3988

212 Nicholson Road, Subiaco

thepropertyexchange.com.au


RECENT SALES

THE PROPERTY E

in

Mt Claremont

Date

Address

Sale Price

Beds

Baths

Car

18 Oct 2019

95 Alfred Road

$946,000

4

2

1

12 Nov 2019

147 Alfred Road

$1,360,000

4

2

4

16 Oct 2019

25 Arenga Court

$425,000

2

1

1

2 Oct 2019

12/25 Arenga Court

$425,000

1

1

1

16 Oct 2019

17/25 Arenga Court

$425,000

1

1

1

6 Nov 2019

21 Bentley Close

$1,260,000

5

2

2

4 Oct 2019

13 Gainsford Lane

Not Disclosed

4

3

2

31 Oct 2019

25 Godetia Gardens

$980,000

3

2

2

5 Nov 2019

13 Greenberry Close

$1,400,000

3

2

2

20 Nov 2019

26 Grove End Ridge

$865,000

3

2

3

22 Oct 2019

59 Haldane Street

$2,350,000

5

4

4

26 Oct 2019

26 Jacaranda Avenue

$1,175,000

5

2

2

23 Oct 2019

4 Jarrah Lane

$1,025,000

4

2

2

2 Nov 2019

18 Jarrah Lane

$1,100,000

4

2

2

15 Dec 2019

10 Jubaea Gardens

$1,300,000

3

2

2

15 Nov 2019

64 Mayfair Street

$1,600,000

4

1

1

11 Dec 2019

23 Mimosa Avenue

$810,000

2

1

2

20 Nov 2019

21/80 Mooro Drive

$600,000

2

1

1

4 Nov 2019

32/80 Mooro Drive

$550,000

2

1

1

21 Nov 2019

39/80 Mooro Drive

$515,000

2

1

1

29 Oct 2019

30 Quintilian Road

$1,230,000

4

2

2

4 Dec 2019

135 Rochdale Road

$1,376,000

4

3

4

12 Dec 2019

147A Rochdale Road

$1,145,000

5

3

4

18 Nov 2019

59 St Johns Wood Boulevard

$1,610,000

4

3

2

14 Oct 2019

65 St Johns Wood Boulevard

$1,800,000

5

3

2

CHANGE

Real Estate Sales and Property Management

9388 3988

212 Nicholson Road, Subiaco

thepropertyexchange.com.au


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.