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#6110 SHANE BEAUMONT:
THE ONE IN GOSNELLS ®
AGENT
®
GOSNELLS ANNUAL REPORT
BREAKING NEWS FOR GOSNELLS RESIDENTS LATEST FIGURES RELEASED. The latest figures are out for the End of Financial Year in Gosnells. Buyers are seeing incredible value with prices back to 2006 ! Here’s what we know:
Properties hit the hardest are villas, multi-unit developments and even rear lots as established 3 x 1 or 3 x 2 on green title lots have been priced so competitively. With so much on offer, buyers are spoilt for choice. In order to attract them to a particular property, great marketing and good value is essential. I do believe currently the market has bottomed out. While the statistics suggest a decline, enquiry from Eastern State investors has accelerated as their market cools. As they begin to compete with first home buyers and owner occupiers here, I believe it will eventually lead to growth. It will be a slow crawl, but there is change to the wings and we’re looking forward to a more positive 12 months ahead. On a more positive note, the most highly desired properties at the moment, without a doubt, are corner lots. They have continued to be the pick for investors; particularly when you can retain the home. We are constantly on the look out for those. Good quality family homes and properties with granny flats/ teenage retreats have also been very popular. Speak with us regarding the proposed zoning changes that will be taking place in the next 12 - 18 months! If you are interested in learning more about the current market, please contact us for a free, no obligation chat or appraisal. In many circumstances we don’t even need to distract the tenant! Have a great year end and we look forward to seeing you in the market place shortly!
shane@oneresidential.com.au
302
TOTAL PROP. SOLD 2017/18 (2016/17: 333)
MEDIAN SALE PRICE
$295,000 (LAST QUARTER: $340,000)
CURRENT LISTINGS FOR SALE - INC. LAND:
The perspective on the current market depends whether you are a buyer or seller. It has been pretty tough for sellers with the lack of growth, but many are realising that if you are buying and selling in this same market, it makes little difference. Buyers are getting into areas never previously possible and have been spoilt with choice. It’s a great opportunity to get into market given we are back to 2006 prices.
E
GOSNELLS ANALYSIS
250
((270) LAST QTR
AVERAGE DAYS ON THE MARKET:
SHANE BEAUMONT
37 DAYS GOSNELLS AVE
IND. AVE (LAST QTR)
91 DAYS
90 DAYS
INVESTOR STATISTICS - 2016/17 FINANCIAL YEAR
AVE. WEEKLY RENTAL RTN
$275
AVE. DAYS ON RENTAL MARKET
/Shanebeaumontrealestate
($290) 2017/18 FY
109
(51) 2017/18 FY
/shanebeaumont
SHANE BEAUMONT SELLS GOSNELLS SOLD
225 VERNA STREET SOLD
10 REDE STREET SOLD
33 KING STREET SOLD
7 MOONSTONE PLACE SOLD
9 MIMY COURT SOLD
14 GOUDHURST PLACE SOLD
13 HOLLAND STREET SOLD
12 ISDELL PLACE
SOLD
249 CORFIELD STREET SOLD
39 WALTER STREET SOLD
47 FREMANTLE ROAD SOLD
16 DWYER CRESCENT SOLD
4 DWYER CRESCENT SOLD
14 WATSON STREET SOLD
5 CLIFF PLACE SOLD
17 REDE STREET
SOLD
1-4, 20 CROFT STREET SOLD
318 CORFIELD STREET SOLD
17 HEMELEERS STREET SOLD
92 DOROTHY STREET SOLD
23 ROSEKELLY ROAD SOLD
225 HICKS STREET SOLD
30 CHELSFIELD STREET SOLD
25 WEBB STREET
SOLD
69 CRANDON STREET SOLD
1 DURACK CRESCENT SOLD
2 CHELSFIELD STREET SOLD
5 ASTINAL DRIVE SOLD
18 GARVEY PLACE SOLD
20 STENNETT STREET SOLD
68 LAUTERBACH DRIVE SOLD
210 HICKS STREET
MANAGING WITH ONE IN 6110
WHEN STABLE MEANS ALL KINDS OF GOOD PRINCIPAL & DIRECTOR, RICHARD THURTLE LOOKS OVER 2018 AND STABILITY OVER VOLATILITY REIWA recently published a feelgood story about the recovery of the property management market. It noted that vacancies had fallen to 4.5% in August - the lowest it’s been since April 2015. There’s a cloud with every silver lining, so we caught up with One management Principal and Director, Richard Thurtle, to get some insights into the truth behind the data, and the outlook for the property management as we head through 2018.
>>>
In a market where few good news stories have been there to be told for some years, it’s great to hear some optimism for the property management about the place. Is it too early to call? What does optimism look like in a market like this? We’re discovering that, as with much of life, stability is a good, good thing. The story essentially heralded that ‘Steady rents, easing supply as listings for rent continue to fall and stronger demand with more leasing activity all point to the rental market leading Perth’s property market recovery.’ Do you buy that? I think there’s a little bit of truth and a bit of hyperbole in there! The story also pointed to a 17% rise in leasing activity, but also observing that the median price across the market hasn’t budged for 17 months straight! Market commentators, particularly those in the industry, are quick to seize any potential good news story, because we desperately want it to be true. The reality, though, is that the market is very stable. Not grim, not soaring, but extremely stable. So, what’s reasonable to say about the market right now and is any of this good news? I think the market has reached a point where Groundhog Day is good. While that idea might be like someone’s worst nightmare, when it comes to the rental market, it’s actually a good thing. I think that was at the heart of the REIWA observations as well.
9339 8833 oneresidential.com.au
The boom ended and rents dived. This was followed by a period of volatility in 2016-17 as some were still higher as others were being reviewed downwards. Most of the downward rental reviews have happened so there’s greater stability and less volatility. For a while there, people were comparing unadjusted properties that were still at a higher rate, with those that had come down to meet the market. Now, they’ve all come down to meet the market and this creates greater general certainty. No longer can similar properties have a significant disparity in weekly rental between them because one has been reviewed downwards while the other stayed high. This created the allure of the cost saving, but the ground is pretty much level now. Sure, it may not be the level of income that landlords would love to be seeing as a return on their investment, but the volatility in the market has diffused. What’s the upside now? The truth that a well-presented home in a decent area will attract good tenants for a good price is as true right now as in any other market. They’ll also be the properties that will move upwards before others and will be subject to competition between possible tenants. The greater upside through 2018 will be stability. More of the same. That might sound a little boring, but when you’ve moved through a period of volatility economically, predictability is a good friend!
Proud Supporter of the LOST GOSNELLS Facebook Page.
/Shane Beaumont
oneresidential.com.au Licenced Real Estate Agents
/shanebeaumont
COOPESSIA PTY LTD.TRADING AS ONE RESIDENTIAL (ABN: 29 183 764 542)