Archive for Hillarys

Back stronger than before: The 12 Perth suburbs now recording strong price growth after experiencing declines last year

North Fremantle, Bicton and Nedlands are among the 12 Perth suburbs to have experienced house price growth this year after suffering declines last year.

REIWA President Hayden Groves said 12 suburbs across the metro area had defied the declining trends experienced in the 12 months to June 2017, to record strong house price growth in the 12 months to June 2018.

“It’s really pleasing house prices in these suburbs have recovered so well in just 12 months. All of the suburbs on the list have higher median house price values now than they did in 2016 just prior to the decline, which is positive news for sellers in these areas.

“North Fremantle had the strongest rebound in price, with its median increasing 28.1 per cent to $1.23 million in 2018, after declining 0.8 per cent to $960,000 in 2017.

“Bicton came in second, with a 17.6 per cent median house price increase this year after declining 6.5 per cent last year, while Nedlands, Kallaroo and West Leederville saw house prices lift by 15.5 per cent, 14.6 per cent and 13.4 per cent respectively in the 12 months to June 2018,” Mr Groves said.

Helena Valley, City Beach, Claremont, Mosman Park, Winthrop, White Gum Valley and Leeming rounded out the 12.

reiwa.com analysis shows all suburbs on the list had a median house price above the Perth Metro median of $515,000 and seven of those suburbs had median house prices above $1 million.

“Perth’s aspirational suburbs are really leading the way in the property market’s recovery. Last quarter there were more houses sales recorded in the $800,000 and above price range, which is a trend that also occurred during the December 2017 quarter. In addition, recent reiwa.com data also shows 11 per cent of houses sales in Perth now sell above $1 million, which is the highest proportion of million dollar sales Perth has seen,” Mr Groves said.

“Another interesting observation is that nine of the 12 suburbs had faster average selling days than the Perth Metro region average of 66 days, with Nedlands (28 days), Claremont (40 days) and West Leederville (47 days) the standouts.

“There is genuine competition amongst buyers in the luxury end of the Perth market, forcing buyers to act fast in these areas and pay a premium to secure the property. Home owners in these suburbs who are thinking of selling would be wise to take advantage of these favourable market conditions.”

     Suburb Median price (June 2017) Annual change vs June 2016 Median price (June 2018) Annual change vs June 2017
1. North Fremantle $960,000 ↓ 0.8% $1.23 million ↑ 28.1%
2. Bicton $892,500 ↓ 6.5% $1.05 million ↑ 17.6%
3. Nedlands $1.45 million ↓ 3.7% $1.675 million ↑ 15.5%
4. Kallaroo $700,000 ↓ 9.4% $802,500 ↑ 14.6%
5. West Leederville $1.1 million ↓ 1.6% $1.247 million ↑ 13.4%
6. Helena Valley $530,000 ↓ 9.6% $600,000 ↑ 13.2%
7. City Beach $1.627 million ↓ 4.9% $1.835 million ↑ 12.8%
8. Claremont $1.3 million ↓ 3.7% $1.455 million ↑ 11.9%
9. Mosman Park $1.285 million ↓ 1.2% $1.38 million ↑ 7.4%
10. Winthrop $840,000 ↓ 1.2% $899,000 ↑ 7.0%
11. White Gum Valley $682,500 ↓ 3.2% $730,000 ↑ 7.0%
12. Leeming $660,000 ↓ 5.7% $705,000 ↑ 6.8%
Perth Metro  $520,000  ↓ 2.8%  $515,000  ↓ 1.0% 

Median house price data is for the 12 months to June 2018 versus the 12 months to June 2017.
Filtered for suburbs with more than 28 sales.

The 10 Perth suburbs where tenants are snapping up rentals the fastest

White Gum Valley, Scarborough and Shenton Park are among the 10 Perth suburbs where landlords are finding tenants for their rental properties the fastest.

REIWA President Hayden Groves said while on average it takes Perth landlords 45 days to secure a tenant for their rental, numerous suburbs across the metro area were experiencing faster leasing times.

“In White Gum Valley for example, landlords are finding tenants for their rental properties in approximately 27 days – 18 days faster than the Perth Metro average, while in Scarborough and Shenton Park it takes 28 days and in Pearsall and Leederville 29 days,” Mr Groves said.

Real Facts. Pictures worth a thousand words.

Member Real Facts 22 May 2018 Sales activity experienced stability over the week, with REIWA members reporting no change in weekly sales at 538.

The overall steadiness in weekly sales is attributed to a seven per cent rise in house sales, a four per cent fall in unit sales, and a 34 per cent fall in vacant land sales over 1th2 e week. 2 3 PROPERTY SALES TOP SELLING SUBURBS

Total properties listed for sale grew over week to 14,896. Listings for houses and units both remained stable.

Whilst listings for vacant HOUSES 418 North of the River
Morley 9 land increased by four per cent. UNITS 72 Bayswater 7

The total number of listings recorded this week are on par with levels seen four weeks ago, but are one per cent lower than levels seen a year ago.

LAND 48 Member Real Facts 22 May 2018 Turning to the rental market, REIWA members reported total properties available for rent fell to 8,324 over the week.

Location! Location! Location! Free Park!

37 Orient Circuit, Hillarys

Make an offer! Asking price: $775000

Professionally freshly painted walls, ceilings and doors, display presentation facing a park!

Double-storey home, with self-contained living on the ground floor.
The upper-floor master bedroom and ensuite flows seamlessly outside to a private Balcony where you can enjoy views of the tree-lined reserve nearby.

Also upstairs are three minor bedrooms and the second bathroom.
You’re so close to the coast where you can enjoy an enviable lifestyle, including golden beaches, Hillarys Marina, with specialty shops and restaurants and public transport.
The home’s kitchen boasts soft-closing cabinetry, dual stainless-steel sink, dishwasher, oversized cavity for a combined fridge/freezer, gas cooktops, 600ml oven and pantry plus a third toilet of the adjacent laundry.
Reverse-cycle, ducted air-conditioning services upstairs and the living areas downstairs.
The double lock-up garage and low maintenance gardens round-out this wonderful home.

 

 

 

Oops! Under Offer already! Didn’t even came to market!

Almost about to come and…..GONE!

37 Orient Circuit, Hillarys

While Sellers had painters and cleaners preparing the house to go to market I was busy working my own database and showing the property to prospective buyers.

It is now Under Contract!

  1. Are you thinking of selling? I am looking for more homes to sell.

Double-storey home, with self-contained living on the ground floor.
The ground-floor master bedroom and ensuite is offset by a gorgeous open-plan living space, which flows seamlessly outside to a private courtyard.
Upstairs are three minor bedrooms and the second bathroom as well as a private balcony where you can enjoy views of the tree-lined reserve nearby.
You’re so close to the coast where you can enjoy an enviable lifestyle, including golden beaches, Hillarys Marina, with specialty shops and restaurants and public transport.
The home’s kitchen boasts soft-closing cabinetry, dual stainless-steel sink, dishwasher, oversized cavity for a combined fridge/freezer, gas cooktops, 600ml oven and pantry plus a third toilet of the adjacent laundry.
Reverse-cycle, ducted air-conditioning services upstairs and the living areas downstairs.
The double lock-up garage and low maintenance gardens round-out this wonderful home.

Good opportunity for buyers near Perth’s inner city

Good opportunity for buyers near Perth’s inner city NEW
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.