Bourkes Market Report - Salter Point - March 2018 Quarter

AUTUMN 2018

experience better

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

MARKET UPDATE

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 agedcare 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

8

LAND

0

HOUSE SALES

9

8

FOR SALE

GONE

LAND SALES

Highest Sale

$3,600,000

Highest Sale

NIL

Lowest Sale

$690,000

Lowest Sale

NIL

(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

Gone

Pepler Ave SALTER POINT $690,000

3x2x2

4x2x2

Gone

Gone

Salter Point Pde SALTER POINT $1.970M 6x3x5

Salter Point Pde SALTER POINT $1.650M 5x2x2

Mount Henry Rd SALTER POINT $1.180M 5x2x2

River Way SALTER POINT $3.6M

4x2x2

4x2x2

Salter Point Pde SALTER POINT $2.223M 4x2x4

Gone

6x4x6

Welwyn Ave SALTER POINT $910,000

4x2x2

Selling

Selling

Selling

Pether Rd MANNING $710,000

Gone

Gone

Gone

1/52 Bruce St MANNING $788,000

Sulman Ave SALTER POINT $980,000

Gone

4 Edgewater Rd SALTER POINT $950,000 6x3x2

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

Selling

Selling

COMING SOON! 5a Burnett Rd COMO $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

“We were very impressed with your guidance, offers of assistance and quick responses to all our queries when purchasing our new home. As we were both very busy when it came time to selling our house we greatly appreciated you providing a package outlining your services and costs that we could consider without having to schedule a meeting along with your positive attitude and willingness to assist with being on site for any part of the selling process.”

I would like to take the opportunity to thank you for the excellent job you did & for making the experience of selling our property in Salter Point through Bourkes.

Your local knowledge,

L & T Rikkers

“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

professionalism, friendliness and honesty made it possible to attract prospective buyers and a successful sale of our home very quickly. You kept us informed at every step of the selling process.

“You’re a dynamo! Always so positive and ever the professional. It’s been fabulous working with you - you are just brilliant at your job. Thank you for all your hard work and energy in selling our house.” M. & B. Bradburn

A Csolle

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 Join me on Facebook If you’d prefer to receive this report by emai, please email me your details.

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