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AUTUMN 2018

experience better

MANNING

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 0405 709 763.

Kathryn Perin Sales Executive

MARKET FACTS VOLUME OF SALES By Type HOUSES

16

UNITS

3

15

19

FOR SALE

GONE

LAND SALES

HOUSE SALES Highest Sale

$1,282,000

Highest Sale

$2,135,000

Lowest Sale

$570,000

Lowest Sale

$535,000

(Source RP Data 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 (MAR 2018 QTR) Gone

Manning Rd MANNING $650,000

Gone

3x2x2

Gone

Pether Rd MANNING $710,000

4x2x2

Godwin Ave MANNING $1.282M

2x1x2

Welwyn Ave MANNING $810,000

5x2x2

Selling

4x2x2

Parsons Ave MANNING $780,000

2x1x1

Gone

3x1x1

Selling

4x2x2

Isabella Cres MANNING $1.095M

Gone

Gone

Selling

1/52 Bruce St MANNING $788,000

3x1x2

Gone

Gone

Crawshaw Cres MANNING $760,000

Parsons Ave MANNING $630,000

Gone

Marsh Ave MANNING $885,000

4x2x2

Selling

4 Edgewater Rd SALTER POINT From $950,000 6x3x2

5 Batavia Way SALTER POINT From $1,399,000 4x3x2

Selling

COMING SOON! 5a Burnett Rd MANNING From $649,000

3x2x1

24b Hope Ave MANNING From $999,000

5x2x2

* DISCLAIMER - Not all of the above GONE properties have been sold or listed by Bourkes

MANNING From $ 699,000

4x2x2


HARD WORKING, GENUINE, HONEST & ALWAYS CLIENT FOCUSSED! Kathryn had to work extremely hard to get our property sold in a tough market. She communicated extremely well and always took into account our personal situation which was appreciated. In particular her local knowledge and market awareness is one of her key strengths. M Grey

“FABULOUS AGENT! We engaged Bourkes to sell our property in Perth on the recommendation by our neighbour and we were lucky enough to land Kathryn. It took sometime to sell the property and without Kathryn we would likely still be the owners! We found Kathryn to be totally trustworthy, a great communicator, totally authentic and genuine in her efforts to secure the best deal for us. We extended our relationship to a couple of social events and from a professional perspective were thoroughly impressed with the effort Kathryn put in. We would absolutely recommend Kathryn as the go to Real Estate agent to sell your property without hesitation.” K Walmsley

“The transition from one home to another came with stressors, deadlines and decisions, however Kathryn was able to support us and enable us to manage this seamlessly. She was always available, efficient and professional.Kathryn understood our needs and was always supportive.She often went beyond what we would have expected and this was greatly appreciated. We would recommend her services without hesitation.” A & S Duryea

IF YOU WOULD LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET, PLEASE CALL ME TODAY FOR AN OBLIGATION FREE APPRAISAL. Kathryn Perin SALES EXECUTIVE Reputation, Reliability, Results!

0405 709 763 kathryn@bourkes.com.au

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Bourkes Market Report - Manning - March 2018 Quarter  

By Kathryn Perin

Bourkes Market Report - Manning - March 2018 Quarter  

By Kathryn Perin