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AUTUMN 2018

experience better

SOUTH PERTH 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.

MARKET FACTS

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 toowhich will generate strong interest. As always, if you are thinking of buying or selling or would like a current market appraisal, please call us today on 9474 2000.

Alan Bourke B.Ec. Principal/Auctioneer

(MAR QTR 2018)

VOLUME OF SALES - BY TYPE HOUSES

30

APARTMENTS

44

LAND

1

COMMERCIAL

0

HOUSE SALES

137

75

FOR SALE

GONE

APARTMENT SALES

Average Sale

$6,625,000 $675,000 $1,775,969

Average Sale

$4,070,000 $277, 000 $1,200,474

Median Sale

$1,237,500

Median Sale

$822,000

Highest Sale Lowest Sale

Highest Sale Lowest Sale

(Source RP DATA as at 16/04/2018)

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

Gone

River View St SOUTH PERTH $822,000 3x2x2

Gone

Brandon St SOUTH PERTH $390,000

Anstey St SOUTH PERTH $540,000

Gone

3x1x2

Gone

3x1x1

Elizabeth St SOUTH PERTH $2,100,000 4x2x2

Selling

Selling

5/8 York St SOUTH PERTH Early $500,000’s

(MAR 2018 QTR)

2x1x1

Selling

42/1 Hardy St SOUTH PERTH Offers 2x1x1

Selling

5/6 Hopetoun St SOUTH PERTH From $659,000 3x1x1

6 Brookside Ave SOUTH PERTH From $1,700,000 4 (4 x 1+ Study)

Selling

19 Fortune St SOUTH PERTH From $1,590,000 4x3x2

Selling

130 Coode St SOUTH PERTH From $799,000 2x1x1

Tate St SOUTH PERTH $650,000

3x1x1

Gone

Manning Tce SOUTH PERTH $304,000 4x1x1

Selling

24 River View St SOUTH PERTH From $1.5M 3x2x3

Selling

16 Brandon St SOUTH PERTH From $1,395,000 4 x 2 x 2 + Study

Selling

158 Canning Highway SOUTH PERTH $665,000 - $685,000 3x1x2


John Szkirpan is a fantastic agent and went above and beyond the call of duty. Very helpful with all my queries and very patient when it came to assisting me with my first home purchase. It was great dealing with you and thanks again! Would highly recommend! J. Greenaway

“Karen Firth delivered on the two things that really mattered – rapid sale of property and optimal sale price for the home – a great salesperson. I found the service supplied to be above average and I’m satisfied with the results. A pleasure to do business with, would contact Karen Firth when selling or buying in this area in the future. Professional and efficient agent, made our purchase trouble free and pleasurable.” P. & S. Keynes

“Steven Webster was great to deal with, up front, honest and helpful. Steven went out of his way to accommodate our requests, and he is very professional as well as approachable. I would happily recommend him.” C. Power

“Kathryn Perin is 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

If you would like to know what your property is worth in today’s market, please call us today for an obligation free market appraisal on 9474 2000. Kathryn Perin 0405 709 763

John Szkirpan 0403 069 733

Karen Firth 0411 429 069

Steven Webster 0413 310 330

272 Canning Highway COMO | 08 9474 2000 | bourkes.com.au

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Bourkes Market Report - South Perth - March 2018 Quarter  
Bourkes Market Report - South Perth - March 2018 Quarter