Archive for Hillarys

Good opportunity for buyers near Perth’s inner city

Good opportunity for buyers near Perth’s inner cityNEW
09 September 2017
Author: REIWA President Hayden Groves

If you were to ask people in Sydney or Melbourne whether it was possible to secure a house – not just an apartment, but a house – within 10 kilometres of the CBD for under $500,000, you’d likely be met with mirth.

Purchasing any property in Sydney or Melbourne for under $500,000 is challenging, let alone finding a property for that price just a few kilometres away from the city. It’s this point of difference that keeps the dream of home ownership alive for many more people in Western Australia than it does in other parts of the country.

For instance, unlike the major markets on the east coast, you don’t need to move miles away from the city to be able to get onto the property ladder. There are numerous suburbs within 10 kilometres of the city that offer fantastic value to savvy buyers and investors.

Perth’s 10 cheapest suburbs within 10 kilometres of the CBD
A recent report by reiwa.com revealed Perth’s 10 cheapest suburbs within 10 kilometres of the city. Nollamara, located 10 kilometres north of the CBD, took out first spot with a median house price of $410,000 for the year to June 2017. This is extraordinarily good value, and doesn’t even factor the suburb’s lower quartile price, which sits at $375,000.

Other suburbs to make the list were Cloverdale, Belmont, Redcliffe, Bentley, Embleton, Osborne Park, Kewdale, Morley and Carlisle. And of these 10 suburbs, seven were located east of the city.

The eastern corridor of Perth’s inner city is a growing area that presents particularly good value. With the Perth Stadium and surrounding infrastructure nearing completion, the opportunity is certainly there for savvy buyers and investors to purchase in a fast growing area at a relatively affordable price.

Get in quick!
We are very lucky here in Perth that there are still great bargains to be had in and around the CBD, but as WA’s population inevitably grows, it is unlikely inner city living will remain this attainable. By 2050, the state’s population is expected to have almost doubled, and as we’ve seen in most major cities around the world, as population density increases so too does the cost of real estate.

The Perth property market currently favours buyers, but property markets are cyclical and conditions will change. With signs emerging that we may have finally found, or be close to finding, the ‘floor’ of our local housing market, I would advise buyers to act sooner rather than later if you’re wanting to secure an affordable house close to the city.

Speak to a local REIWA agent in your area to discuss the options available to you.

First time I ever got involved renovating a property personally. A lot of work but very rewarding.

My husband did most of the work.
My son Merv was a great help removing the wall paper.
Bob Russell my tradesman, good for A to Z jobs, if you know what I mean, did the painting.
Mike helped with all the jobs and redecorating.


The end result is very good.
For lease now at $385 a week
28 Banks Ave, Hillarys
Behind Whitfords Shopping Centre.
Great location. Possible for commercial use too.

10 Perth suburbs selling quicker now than they did during the ‘boom’

29 March 2017

Rossmoyne, North Beach and Mount Lawley are among Perth’s top 10 suburbs selling property faster now than they did during the ‘boom’.

REIWA President Hayden Groves said it was easy to get caught up in general Perth market talk, but it was important to look deeper to see how individual suburbs were performing.

“reiwa.com analysis shows Perth’s average selling day figure is currently 66 days, which is notably higher than in 2013 when it took on average 41 days to sell a property. However, if we dig a little deeper and look at average selling days at a suburb level, there are numerous areas of Perth selling significantly quicker now than they did in the boom,” Mr Groves said.

Rossmoyne experienced the biggest improvement in average selling days, with reiwa.com data revealing it is now 22 days quicker to sell in the area than it was in the year to January 2014.

“Churchlands, Glen Forrest and Dalkeith are also experiencing faster selling times, with each suburb improving by 15 days in the year to January 2017 compared to the year to January 2014,” Mr Groves said.

Interestingly, eight of the 10 suburbs on the list have an annual median house price (for the year to January 2017) above $750,000, with four of those above the $1 million mark.

“These results show the quickest sales are happening in the suburbs that predominantly cater to the trade-up sector of the residential property market. Buyers looking to take the next step in their property journey clearly recognise there is good opportunity in the current market to take advantage of more affordable house prices to upgrade to a new home,” Mr Groves said.

Glen Forrest and Helena Valley were the only suburbs on the list with a median house price below $750,000, coming in at $534,000 and $557,000 respectively for the year to January 2017.

Lots buyers around. What are they waiting for to submit an offer?

I have been driving around the coastal suburbs and I am amazed by the numbers of properties on the market that have not been sold yet.
Superb properties!
Great prices!
And buyers are not moving on them!
What are they waiting for?
Trump? That is old news and far away.
Mining boom?
That is gone and not coming back!
Jobs?
A lots of jobs around but not same salary as it was before GFC.
Real Estate sells in ANY MARKET.
People move because they’re…
Downsizing in size
Downsizing mortgage
Upsizing for new babies or parents moving in
Change of schools
Moving closer to family
Retiring, etc, etc, etc.
So, there is never a “bad market” only you may not get your price because you are chasing the market down.
Be smart! Sell today. Tomorrow may cost you thousands of more dollars to sell what you should have sold 3 months ago.
Good luck!

4 year old dolls, boy or girl to stand in the corner like well behaved children

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19 Akera Close, Hillarys is now sold

The greatest pleasure I have is to sell a home to someone who really appreciates the enormity of the purchase.

Buying a home is the biggest asset you can buy and it does not matter how much it cost is a roof over your head.

Rebecca Owen came to me and purchased 19 Akera Close and the tears of happiness made me the happiest Agent ever as I was involved on her purchase of her dream.

What a great feeling.

Thanks Rebecca to make me feel that my job really brings pleasure to people. I am so lucky that I love my job and I love to help people to achieve their dream.

Watch this spot!

I sold this lovely elevated spot at 73 Campbell Drive, Hillarys that had a 3×1  huose to Shivani and Anish which I was able to rent out for 6 months while the plans were being drawn up.

Broadway Home is building a massive home for them and it is going to be fantastic!

I cannot wait to see the finished home and I will be very proud to look at it and think that I was involved to make that happen!

Enjoy your future dream home! You and your little family deserve all your hard work to make this happen.