Bourkes Market Report - Como - March 2018 Quarter

AUTUMN 2018

experience better

COMO

MARKET UPDATE

In this issue Market Facts | Finance Update | What’s Sold What’s Selling | Words of Wisdom

WELCOME The first quarter in every year is a time for optimism and personal mobility. Families move into a suburb often to attend good schools. Companies transfer personnel at this time. Overseas migrants often move at the start of the school year.

Sales and rental figures always show good indications in the first quarter. That, combined with stable interest rates, a restoring confidence level and lower rental vacancy rates, all contribute to confidence for buyers and investors.

There is consistent reports that Perth has come from the darkness and into the light.

Sales numbers are strong and will recover in 2018. Homes are faring better than units with studies showing that the house market has bottomed and moving up. Units may still have a little way to go to bottom out in certain areas and product type.

Developers are looking again at smaller development sites. We are seeing strong interest in the Canning Bridge Precinct with exciting new projects coming on line.

In the retirement area, it was great to see Southcare get permission to build a new aged-care project in Manning too which will generate strong interest.

As always, if you are thinking of buying or selling or would like a current market appraisal, please call me on 0406 320 938.

Tony de Graaf Sales Executive

MARKET FACTS (MAR QTR 2018) VOLUME OF SALES

By Type HOUSES

31

UNITS

46

LAND

2

HOUSE SALES

148

79

SELLING

GONE

UNIT SALES

Highest Sale

$1,500,000

Highest Sale

$1,015,000

Lowest Sale

$430,000

Lowest Sale

$215,000

(Source Corelogic as at 10/04/2018)

FINANCE UPDATE At its meeting on April the 3rd, the RBA opted to leave the official cash rate on hold at 1.5%.

This marks the nineteenth meeting in a row where the RBA has left rates unchanged, with the last rate change taking place in August 2016, a 25 basis point rate cut.

SOLD & SELLING Gone

Robert St COMO $640,168

Gone

3x2x2

Gone

McDonald St COMO $1,200,000

3x3x4

4x3x2

Birdwood Ave COMO $1,225,000

3x1x2

3/93 Thelma St COMO From $489,000

4x2x4

Selling

20/373 Canning Hwy COMO From $299,000 2x1x1

5/105 Melville Pde COMO From $799,000

2x1x2

Bruce St COMO CONTACT AGENT

3 x 2 x 2+

4/46 Alston Ave COMO From $349,000

1x1x1

Selling

3x2x2

Selling

23/4 Comer St COMO $275,000 - $290,000

2 x 1 x 1+

Selling

Selling

3x2x3

Robert St COMO $480,000

Gone

Selling

Selling

4/110 Mary St COMO $975,000 - $995,000

Melville Pde COMO $810,000

Gone

Gone

Gone

McDonald St COMO CONTACT AGENT

(MAR 2018 QTR)

20/67 Ley St COMO From $339,000

2x1x1

Selling

1x1x1

24 Robert St COMO From $1,199,000

3x2x4

Tony was outstanding from start to finish. His marketing strategy,

knowledge, communication and negotiation with the buyers was exemplary. He and enthusiastically to get our property sold in a difficult market.

“Tony was able to sell my house, obtain a good price and for this alone, I was happy. However the service he provided went above and beyond the service levels I expected. This makes him an excellent agent and I would recommend him without hesitation.”

Pam and Daniel Graves

Adrian Ong

worked tirelessly

“We have had multiple dealings with Agents over the years and as many of us know, there are some that are pushy, others are insipid, some we don’t ‘gel’ with and others that are full of it. Tony is like a breath of fresh air!! He is quite unique; professional, reliable, honest and personable! We highly recommend Tony’s services to anyone looking to buy or sell a property.”

John Gull

If you are considering a move soon or would like to know what your property is worth in today’s market, please contact me at any time.

Tony de Graaf SALES EXECUTIVE 0406 320 938 tony@bourkes.com.au If you’d prefer to receive this report by email, please email me your details.

Bourkes experience better

272 Canning Highway COMO | 08 9474 2000 | bourkes.com.au Connect with Bourkes /Bourkes.Property

/@Bourkes_Property

/BourkesTV

/Bourkes