Reuben Packer-Hill 4069 suburb report 2020

Market Report 2020

4069

Reuben Packer-Hill

Market Observations We have faced much uncertainty over the last twelve months with regulatory changes to the banking sector, a federal election and of course more recently, a global pandemic. Depending on what newspaper you pick up, it can be difficult to navigate what is actually happening in the real estate market, and what most industry professionals predict. The 4069-property market has been a tale of two landscapes over the past year.

When we review the physical data, it does show a slight decline in property prices over the last financial year. This was partly to be expected as a cyclic change, following a seven-year growth period, however buyer confidence issues around a possible change of government slowed down demand for properties, and the number of property transactions eased.

This was however, counter balanced with increased demand as confidence regathered towards the back end of 2019, resulting in more buyer competition and a decreased average days on market. We had high expectations for 2020, as most markets appeared to be experiencing some form of buoyancy.

As we entered 2020, the rise of COVID-19 caused a short-term paralysis for both buyers and sellers, with the number of listings falling dramatically as owners withdrew their properties from market and buyers awaited a possible decline in prices. Certainly, forecasted economic conditions suggested that this could be the case.

Fast forward a few weeks, and the number of new COVID-19 cases started to fall and buyer activity started to rise, however the number of new listings coming to market did not. Demand started to exceed supply again, and the start of the new financial year appears as warm as we have seen it for many years, with a notable level of competition for buyers looking for quality homes.

Acreage markets are also experiencing a new level of demand due to more consideration from passive buyers after spending plenty of time working from home, especially from young families looking for more space for their children to play.

Recent announcements on government grants to stimulate the construction industry for new builds or renovations, has also created a higher level of enquiry on vacant land which we also expect to have a direct positive impact on prices.

Whilst the final economic impacts from COVID-19 are yet to be seen, I believe our local market will remain resilient and buck the trend on what other more vulnerable markets may experience, given that we are primarily owner-occupied (as opposed to a majority of holiday or investment properties). Couple that with historic low interest rates, we expect buyer demand to remain firm.

If you require any additional advice or assistance, please feel free to contact me direct on 0401 840 361 or at reubenpackerhill@mcgrath.com.au.

Why Reuben Packer-Hill

13 years 9,184

Real estate experience

Open homes conducted

$212,000,000 272 2

Volume of property sales negotiated

properties sold

Highest suburb sales prices (Chapel Hill & Sinnamon Park)

$5,900,000 $330,000 $1,051,000 22%

Highest sale price

Lowest sale price

Average sale price

Percentage of homes sold off-market

28 days

Average days on market

Source: RP Data

Chapel Hill Current Median Price: $836,000 10 Year Median Price Change $900k $800k $700k $600k $500k $400k $300k $200k $100k $0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Sold by Reuben

CHAPEL HILL SOLD $1,330,000

CHAPEL HILL Sold $850,000

CHAPEL HILL Sold $858,000

CHAPEL HILL Sold $843,000

CHAPEL HILL Sold $1,260,000

CHAPEL HILL Sold $810,000

Chapel Hill Last 20 Sales No.

Address

Price

Sale Date

Type

Bed

Bath

Car

Land size (m2)

2

CHATBURN ST

$705,000

18/05/2020

House

4

2

2

636

170

BURBONG ST

$450,000

01/05/2020

Vacant land

-

-

-

991

12

TORRIDON CL

$900,000

18/04/2020

House

4

2

2

645

86

GREENFORD ST

$800,000

16/04/2020

House

4

3

1

737

32

CHAPEL HILL RD

$1,150,000

17/03/2020

House

5

3

2

451

4

STONEHENGE ST

$749,000

16/03/2020

House

4

2

2

620

9

TAMARIX ST

$736,000

14/03/2020

House

6

3

2

635

10/36

KINGFISHER PL

$1,248,000

10/03/2020

House

4

2

2

457

34

HENRY ST

$634,000

09/03/2020

House

3

1

1

506

28

NANKOOR ST

$930,000

06/03/2020

House

4

3

2

736

24

HALIMAH ST

$718,000

05/03/2020

House

4

2

1

771

128

BURBONG ST

$706,600

01/03/2020

House

3

1

2

607

2

MOONAH ST

$920,000

26/02/2020

House

4

2

2

631

60

FAWKNER ST

$1,105,000

23/02/2020

House

5

3

2

405

37

FAWKNER ST

$515,000

22/02/2020

Vacant land

-

-

-

405

22

KIRKDALE RD

$2,075,000

21/02/2020

House

4

3

4

10,410

6

GREVILLEA PL

$1,400,000

18/02/2020

House

5

3

2

700

16

ANDROS ST

$730,000

15/02/2020

House

5

2

3

625

5

RIATTA ST

$1,250,000

09/02/2020

House

5

2

6

708

24

ALENOLA ST

$891,000

08/02/2020

House

5

3

2

635

Bed

Bath

Car

Chapel Hill Top 5 Sales (last 3 years) No.

Address

Price

Sale Date

Type

Land size (m2)

71

Tristania Road*

$3,900,000

24/10/17

House

6

5

5

10,400

52

Tristania Road

$3,000,000

12/01/20

House

5

3

3

5,400

45

Tristania Road

$2,900,000

2/4/19

House

5

4

4

10,100

34

Kirkdale Road*

$2,950,000

4/12/17

House

6

5

3

11,000

38

Kirkdale Road*

$2,950,000

4/12/17

House

5

5

5

11,000

*SOLD by Reuben Packer-Hill Source: RP Data

Kenmore Current Median Price: $708,000 10 Year Median Price Change $800k $700k $600k $500k $400k $300k $200k $100k $0 2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Sold by Reuben

KENMORE Sold $1,111,111

KENMORE Sold $1,551,000

KENMORE Sold $1,000,000

KENMORE Sold $540,000

KENMORE Sold $1,140,000

KENMORE Sold $494,250

Kenmore Last 20 Sales No.

Address

Price

Sale Date

Type

Bed

Bath

Car

Land size (m2)

7

BEJIMBA ST

$705,000

08/05/2020

House

3

3

2

698

10

HARVARD ST

$730,000

26/04/2020

House

4

2

2

607

1

BELFORD ST

$805,000

24/04/2020

House

3

2

2

809

4

CORNHILL ST

$550,000

20/04/2020

House

3

1

1

739

12

ANNABEL ST

$830,000

15/04/2020

House

5

2

2

621

31

GLENEAGLE ST

$885,000

15/04/2020

House

4

2

2

607

8

BILARA ST

$520,000

08/04/2020

House

4

1

2

855

74

MARSHALL LA

$576,000

04/04/2020

House

4

3

2

607

13

ALKINA ST

$820,000

04/04/2020

House

4

3

2

607

5

ST DAVID ST

$885,000

03/04/2020

House

4

2

4

769

50

EUREE ST

$500,000

28/03/2020

House

3

2

1

599

72

MARSHALL LA

$721,500

26/03/2020

House

4

2

2

607

1

BAREE ST

$578,000

21/03/2020

House

3

1

2

612

46

ABERFOYLE ST

$615,000

18/03/2020

House

3

1

1

579

41

TRENTON ST

$610,000

11/03/2020

House

3

2

1

627

41

WONGABEL ST

$805,000

06/03/2020

House

5

3

3

607

8

KOWHAI ST

$633,500

06/03/2020

House

3

1

2

809

2

ANNABEL ST

$775,000

06/03/2020

House

4

2

1

963

46

ARONIA ST

$670,000

03/03/2020

House

3

2

2

1,017

5

RANGER ST

$759,000

25/02/2020

House

4

2

1

640

Kenmore Top 5 Sales (last 3 years) No.

Address

Sale date

Sale Date

Type

Bed

Bath

Car

Land size (m2)

29-31

Gem Road

18/9/17

$3,980,000

House

4

4

3

14,900

39

Cedarleigh Road

12/12/18

$2,600,000

House

6

4

5

10,000

15

Scenic Road

6/4/19

2,200,000

House

6

3

2

10,600

19

Vidgen Lane

14/5/18

2,200,000

House

4

3

3

9,037

1/38a

Scenic Road

23/3/18

2,125,000

House

5

2

2

5,300

Source: RP Data

SOLD BY REUBEN PACKER-HILL Suburb Record for Chapel Hill*

Source: RP Data. Sold 2017

Kenmore Hills / Brookfield (Residential) Current Median Price: Kenmore Hills (residential): $963,500 Brookfield (residential): $910,140 10 Year Median Price Change $1.2m $1.0m $800k $600k $400k $200k $0

2010

2011

2012

Kenmore Hills

2013

2014

2015

2016

2017

2018

2019

2020

Brookfield

Sold by Reuben

KENMORE HILLS Sold $1,075,000

BROOKFIELD Sold $1,000,000

BROOKFIELD Sold $1,135,000

BROOKFIELD Sold $880,000

Kenmore Hlls / Brookfield Last 20 Sales Land size (m2)

No.

Address

Suburb

Price

Sale Date

Type

Bed

Bath

Car

55

DRYSDALE CRES

BROOKFIELD

$900,000

16/06/2020

House

5

3

4

903

4

LAMBERT CT

BROOKFIELD

$860,000

28/04/2020 House

5

3

2

1,003

59

MIRBELIA ST

KENMORE HILLS

$970,000

14/03/2020

House

4

3

2

1,250

6

WILLIAMS CL

BROOKFIELD

$942,000

09/03/2020 House

4

2

2

1,045

28

BROADMOOR ST

KENMORE HILLS

$869,000

06/03/2020 House

4

2

3

870

3

MCCONNELL CRES

BROOKFIELD

$840,000

25/02/2020

House

5

2

2

854

10

ROBERTS CT

BROOKFIELD

$903,500

23/02/2020

House

4

2

2

1,001

426

SAVAGES RD

BROOKFIELD

$590,000

19/02/2020

House

3

1

2

1,000

19

SHADOWOOD ST

KENMORE HILLS

$910,000

19/02/2020

House

4

3

2

903

3

MONDRA ST

KENMORE HILLS

$760,000

18/02/2020

House

5

3

2

723

71

MCCONNELL CRES

BROOKFIELD

$850,000

12/02/2020

House

4

2

2

888

28

BLACKBUTT PL

BROOKFIELD

$1,005,000

01/02/2020

House

4

3

2

759

12

CABER ST

KENMORE

$1,037,000

26/01/2020

House

5

2

2

762

25

UPPER BROOKFIELD RD

BROOKFIELD

$1,100,000

25/01/2020

House

5

4

2

1,464

13

NOLAN RISE

BROOKFIELD

$1,310,000

20/01/2020

House

6

4

3

1,029

61

TUCKETT ST

KENMORE HILLS

$922,000

07/01/2020

House

5

3

2

870

3

SOFTWIND CT

KENMORE HILLS

$1,150,000

07/01/2020

House

4

2

4

2,157

7

NOLAN RISE

BROOKFIELD

$1,030,000

27/12/2019

House

5

3

2

1,017

4

MONDRA ST

KENMORE HILLS

$750,000

21/12/2019

House

4

3

3

618

15

Martens Place

KENMORE HILLS

$900,000

20/12/2019

House

4

3

2

965

Kenmore Hlls / Brookfield Top 5 Sales (last 3 years) No.

Address

Price

Sale Date

Type

Bed

Bath

Car

Land size (m2)

26

McConnel Cres, Brookfield

$1,370,000

23/2/29

House

5

4

2

841

71

Bielby Road, Kenmore

$1,333,000

8/2/18

House

4

2

2

1,006

13

Nolan Rise, Brookfield

$1,310,000

20/1/20

House

6

4

2

1,029

41

Nolan Rise, Brookfield

$1,300,000

28/11/18

House

6

3

2

1,507

201

Bielby Road, Kenmore

$1,285,000

27/6/29

House

4

2

4

868

Source: RP Data

Brookfield / Pullenvale / Pinjarra Hills (Acreage) Current Median Price: Pullenvale: $1,120,000 Brookfield: $1,005,000 Pinjarra Hills: $725,000 10 Year Median Price Change $1.4m $1.2m $1.0m $800k $600k $400k $200k $0

2010

2011

Pullenvale

2012

2013

2014

Brookfield

2015

2016

2017

2018

Pinjarra Hills

Sold by Reuben

PULLENVALE Sold $1,580,000

PULLENVALE Sold $1,050,000

PULLENVALE Sold $1,150,000

PINJARRA HILLS Sold $515,000

2019

2020

Brookfield / Pullenvale / Pinjarra Hills (Acreage) Last 20 Sales Land size (m2)

No.

Address

Suburb

Price

Sale Date

Type

Bed

Bath

Car

505

GRANDVIEW RD

PULLENVALE

$1,100,000

15/05/2020

House

5

2

4

16,850

483

GOLD CREEK RD

BROOKFIELD

$1,350,000

28/04/2020 House

4

2

2

43,670

69

LILLY PILLY RD

PULLENVALE

$1,360,000

28/04/2020 House

6

3

8

10,010

186

GRANDVIEW RD

PULLENVALE

$845,000

23/04/2020

House

3

2

2

10,000

2678

MOGGILL RD

PINJARRA HILLS

$700,000

20/04/2020 House

3

2

2

14,040

10

MASSEY PL

BROOKFIELD

$1,110,000

05/04/2020

House

3

2

2

10,000

19

LILLY PILLY RD

PULLENVALE

$1,275,000

31/03/2020

House

6

2

2

10,010

8

KINTYRE ST

BROOKFIELD

$3,000,000

28/03/2020

House

5

5

4

10,340

110

PULLENVALE RD

PULLENVALE

$450,000

13/03/2020

Land

-

-

-

9,523

344

PULLENVALE RD

PULLENVALE

$470,000

10/03/2020

Land

-

-

-

10,000

206

HUNTINGDALE ST

PULLENVALE

$985,000

06/03/2020 House

5

3

2

14,530

320

OLD FARM RD

PULLENVALE

$1,400,000

01/03/2020

House

5

3

4

40,000

83

PRIMLEY ST

PULLENVALE

$1,250,000

28/02/2020

House

5

3

2

34,450

2728

MOGGILL RD

PINJARRA HILLS

$770,000

11/02/2020

House

4

3

5

10,280

2692

MOGGILL RD

PINJARRA HILLS

$1,175,000

11/02/2020

House

4

3

3

10,150

35

BOSCOMBE RD

BROOKFIELD

$1,325,000

07/02/2020

House

5

3

6

10,790

311

GRANDVIEW RD

PULLENVALE

$2,200,000

06/02/2020

House

5

2

3

40,180

52

HAVEN RD

PULLENVALE

$1,115,000

29/01/2020

House

5

3

2

11,340

50

GRANDVIEW RD

PULLENVALE

$1,900,000

22/01/2020

House

5

3

9

10,000

56

WHITE CEDAR RD

PULLENVALE

$950,000

10/01/2020

House

5

2

2

14,090

Brookfield / Pullenvale / Pinjarra Hills (Acreage) Top 5 Sales (last 3 years) No.

Address

Price

Sale Date

Type

Bed

Bath

Car

Land size (m2)

139

Kamala Drive, Pullenvale

$4,300,000

2/06/20

House

6

7

3

40,000

60

Lyndale Road, Pullenvale

$2,835,000

27/08/11

House

5

3

3

70,100

65

Upper Brookfield Rd, Brookfield

$3,200,000

16/03/19

House

5

4

10

20,000

3

Kintyre Street, Brookfield

$3,000,000

28/03/20

House

5

5

4

10,000

296

O’Brien Road, Pullenvale

$2,900,000

9/10/19

House

6

5

3

10,000

Source: RP Data

Client testimonials Reuben handled the sale of our house extremely well.

He has good knowledge of the market, maintains good relationships with potential buyers and sellers. Reuben was able to get us an attractive offer within a week of putting our house on the market. It was stress free and were able to settle the property while being overseas.

Would definitely recommend Reuben. Well done!

Working with Reuben and the team has set the bar to a new height when it comes to selling property. Reuben and Jack overachieved on all aspects of the sale with real time updates, market insights and strategies that delivered a result within two weeks on the market!

Lakshmanan & Jenifer

Having dealt with many real estate agents over the years, we have been very impressed with the exceptionally intelligent style of marketing by Reuben Packer-Hill and his team. At all times we were treated with the utmost respect, and our wishes were accommodated without compromising the successful strategies used during the sale of our home. We couldn’t fault the team, with their attention to every detail, together with their diligent follow through at every stage. We felt quietly confident during the whole stress-free process. We would highly recommend Reuben Packer-Hill and his team for their outstanding professionalism and successful marketing approach.

After buying and selling 23 homes over the last 45 years we've experienced every type of real estate agent.

Reuben is very methodical and has an excellent team who are well informed. Reuben and his team kept me informed at all times and were particularly considerate.

I would happily rate Reuben as the best sales agent we have ever engaged. At all times he was working for us, the sellers. His communication skills, knowledge, personal style, attention to detail, client service and seller satisfaction certainly made working with Reuben a highly professional experience and pleasure. Also a big thank you to his team who were always available to offer support or information.

Kathy Talk about making it happen! Your house is often the most cherished possession you have and you want someone who treat you and the prospective buyer with that sentiment. We were impressed by the extreme diligence and dedication throughout the process.

Nothing was missed, he followed up closely, not missing a thing, there was always assurance and reassurance, there trustworthiness and reliance, and extreme flexibility and hard work to make it as smooth as possible for everyone involved!

Highly recommend him!

Bejoy & Neetha Reuben and his team have proven once again why they're my preferred real estate partners. Reuben's indepth market knowledge and wise advice has helped my business achieve great results in the past five years, both as a buyer and as a seller.

I look forward to many more successful deals with Reuben and his wonderful team!

Lila

Andrew & Leisha

Jennifer I’m not sure there is enough superlatives to describe the experience and professionalism we received from Reuben and his amazing team. From the outset their positive communications, engagement on the process, the personal touches and the follow through on delivering an outstanding sale return makes this team THE best team of professionals we have ever dealt with.

The incredible McGrath Estate Agents Super Team – as good as I believe it could ever be.

Steve & Lynette Reuben and his team were fantastic in selling our home in very difficult selling conditions i.e. in the middle of the COVID hysteria. Highly recommended!

Tom & Melinda

Reuben Packer-Hill and his team provided an accurate assessment of the market for our property, its value and some likely buyer profiles. We were confident in his knowledge and approach. By targeting these prospective buyers, he secured an excellent sale price on a cash contract before listing on the Open Market. Reuben and his team maintained clear lines of communication during contract negotiations and displayed very good rapport, satisfying the needs of both the seller and the prospective buyers. We would highly recommend Reuben and his team. It was a positive experience for us!

Keith & Sue

Very good . Competent , focussed, responsive and energetic and confident he good achieve a good outcome for us which he did. We were confident he knew the market and as the process continued his advice was spot on to prepare our house for sale and his marketing methodology suited our property. Very impressed and pleased with the outcome. Very customer focussed which was impressive.

Leigh & Margaret Reuben increased our confidence and we trusted in his ability. We received above and beyond our expectations in service, communication, and an amazing sale.

James & Dominique

We Love Local

Chapel Hill State School – Major Sponsor

Kenmore Historical Society - Supporter

Kenmore Rugby - Sponsor

Client Choice Donations - $500 from each sale

reubenpackerhill.com

Reuben Packer-Hill 0401 840 361 reubenpackerhill@mcgrath.com.au Reuben Packer-Hill at McGrath reubenpackerhill