Mosman Park Market Report
QUARTER TWO 2024
18 Saddington Crescent, Mosman Park
On Site Saturday 15 June 2024 at 4:00pm
18 Saddington Crescent, Mosman Park
An Elite Riverside Sanctuary
From the street, the striking façade, and angular features of 18 Saddington Crescent command immediate attention. Moments to the gentle lapping of the water’s edge and enjoying stunning views out across the river, this superbly contemporary Mosman Park residence is as refined as it is practical.
At the hands of renowned architect Alan McDonald, the fourbedroom, two-bathroom family home embodies contemporary living and offers a strategic floorplan capitalizing on its naturally elevated outlook.
0435 634 864 claire.omeara@raywhite.com Vivien Yap 0433 258 818 vivien.yap@raywhite.com
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document. 4 2 2 AUCTION (Unless Sold Prior)
O’Meara
Claire
Market Update
The real estate market in Perth has experienced robust growth in recent years. Key factors contributing to this trend include the strong Western Australian economy, scarcity of new housing supply due to high construction costs and planning delays, and increased investment activity during the pandemic. Following the rise in finance costs, there was a slight correction in median prices; however, the ongoing undersupply of housing stock has sustained the overall improvement in property values across the broader region.
The current median house price in Mosman Park is $1,910,000, representing a 6.1% increase over the last 12 months. Encouragingly, there has been an uptick in listing availability in this sought-after suburb over the past year, resulting in 34 active house listings. However, competition remains high, with properties in Mosman Park typically spending an average of just 13 days on the market.
Average rents for homes in Mosman Park currently sits at a rate of $1,000/ week representing a 3.4% investment yield. This high yield can be attributed to Mosman Park’s ideal location with convenient access to premium schools and amenities.
The large landholdings and high-quality homes further enhance this wonderful area’s attractiveness as a luxury suburb of Perth and I am delighted to note that we are continuing to experience strong demand from local, interstate, and international buyers looking to relocate to this family-friendly locale. Vivien
0433 258 818
vivien.yap@raywhite.com
Yap
Recent Mosman Park Sales
7 Bird Street $5,200,000 13 Bird Street 4 3 3 $3,900,000 Address Beds Cars Price Baths 22 Bryant Avenue 4 2 2 $2,500,000 12 Derry Lane 4 2 2 $2,500,000 11 Fairlight Street 4 2 1 $1,550,000 36 Glanville Street $1,803,500 7 Glanville Street 3 1 1 $1,490,000 11 Faulkner Circle 4 2 2 $2,335,000 * Based on the information provided by the Western Australian Land Information Authority, REIWA, Domain and Realestate.com.au. The sales results included above were performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of printing, we do not warrant or guarantee the accuracy or completeness of the data. Sqm 972 647 406 379 416 405 53 Jameson Street 4 4 4 $3,400,000 2 Lochee Street 4 2 2 $2,500,000 4 Lochee Street 3 2 1 $1,800,000 47 Manning Street 3 1 2 $1,870,000 7 Minim Close $7,650,000 825 544 544 701 113 Monument Street $1,020,000 * 1004 6 6 5 3 1 1 450 4 4 2 1382 524 3 2 4
Recent Mosman Park Sales
10 Swan Street $2,800,000 3 Thelma Street 4 2 2 $1,680,000 Address Beds Cars Price Baths 2 Tregonning Lane 4 2 2 $1,510,000 39 Victoria Street 4 2 2 $2,400,000 140 Victoria Street 4 2 3 $2,350,000 146 Wellington Street $3,300,000 19 Wellington Street 3 1 1 $1,200,000 18 Waite Lane 3 1 2 $840,000 * Based on the information provided by the Western Australian Land Information Authority, REIWA, Domain and Realestate.com.au. The sales results included above were performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of printing, we do not warrant or guarantee the accuracy or completeness of the data. Sqm 946 291 300 504 802 252 296 156A Wellington Street 3 2 2 $1,990,000 4 Winifred Street 4 1 - $1,270,000 18 Winifred Street 3 2 2 $1,955,000 703 666 453 453 * 2 1 3 5 3 2 27 Owston Street Land $3,750,000 710 13 Read Avenue 3 2 2 $1,610,000 684 5 Sanctuary Lane 4 3 2 $1,860,000 402
Vivien Yap A Reputation Built On Results 0433 258 818 vivien.yap@raywhite.com Ray White Dalkeith | Claremont 3/87 Waratah Avenue, Dalkeith raywhitedalkeithclaremont.com.au
