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Suburb News Port Kennedy Welcome to our first Suburb News for 2014. It has been a busy start to the New Year with home buying active in a stable but confident marketplace.

home. History shows that when second and third home buyers trade up, this purchase is usually long term – on average of about 10 years.

A growing trend among home owners and buyers is to “trade up,” electing to sell their current property and upgrade to a better one. With first home buyers and investors less active in the market, this trade up phase is normal, as second and third home buyers are flowing out of the lower end of the market. A typical upgrade scenario would be to sell a home for $350,000$450,000 and “upgrade” to a $500,000-$600,000

Our advice is to “Do Your Homework,” take your time, and buy well. This is a good market to trade up in for the long term; however, long term affordability is the key. The Port Kennedy market in the last three months has remained steady, with only very slight changes to the median price and average days it took to sell. The stand out was the number of sales, which fell from 103 in the Oct-Dec 2013 segment, to only 68 sales this past

Median last 3 Months Jan 14 to Mar 14

quarter. This suggests that the market is cooling a little.

hunter, so keep an eye out for it in your inbox this coming July. If your details or email has Below is our market snap changed, please give our shot for your suburb. This Client Relations will provide you with last Department a call, and quarter’s figures, recently they will make sure you sold properties, as well as are kept up to date. property currently for sale in your area. We hope Until then, we hope you this information is valuable enjoy your Easter break to you and will help to and some relief from a hot keep you abreast of the and dry summer. If we changes and trends in can assist you in any way your market place. with buying, selling, managing, or leasing a Our next edition of this report will include our property, please do not 2013/2014 Market hesitate to contact us. Report, which incorporates all sales in your suburb for the full Murray Brown year. This is a great source of information for Principal any home owner or house

Number Sales last 3 Months Jan 14 to Mar 14

$395K Prior Year Jan 13 to Mar 13

$390K

Ray White Rockingham

Average Days on Market Jan 14 to Mar 14

68 Prior Year Jan 13 to Mar 13

69

77 Prior Year Jan 13 to Mar 13

82


Recent Activity Sales by Price - last 3 months Port Kennedy House 0-$200k

0

$200k - $300k

2

$300k - $400k

32

47%

$400k - $500k

25

37%

$500k - $600k

7

10%

$600k - $700k

1

1%

$700k - $800k

0

$800k - $900k

0

$900k - $1M

1

3%

1%

Last 3 Months $300k-$400k 32 sales Ray White Rockingham

68 sales


Recently Sold Port Kennedy 30 Achiever Avenue $550,000

Port Kennedy 6/14 Alora Drive $285,000

4

3

2

2

1

2

Port Kennedy 3 Bourbonnais Retreat $480,000

Port Kennedy 36 Chelmsford Avenue $435,000

4

4

2

2

Port Kennedy 20 Emden Link $535,000

4

2

2

Port Kennedy 17 Melbourne Close $335,000

2

4

2

Port Kennedy 15 Monte Carlo Heights $1,000,000

Port Kennedy 22 Pimento Circle $385,000

4

4

3

2

Port Kennedy 22 Riviera Vista $545,000

4

2

2

2

2

Port Kennedy 34 Strasbourg Ramble $380,000

2

4

2

Port Kennedy 6 Tangier Parkway $410,000

Port Kennedy 6 Zaragoza Drive $397,500

4

4

2

2

2

Ray White Rockingham Market Report includes properties sold by Ray White Rockingham and Other Estate Agents

2

2

2


Currently For Sale Port Kennedy 16 Alcazar Avenue Offers Above $420,000

Port Kennedy 3 Biarritz Pass Offers From $740,000

4

5

2

2

3

2

Port Kennedy 1 Bogue Way $549,000—$579,000

Port Kennedy 34 Clermont Place Offers From $380,000

4

4

2

2

Port Kennedy 24 Gonville Green $429,000

3

2

2

Port Kennedy 9 Langston Close All Offers Considered

2

2

4

2

3

Port Kennedy 12 Oceanic Court Offers From $380,000

Port Kennedy 8/5 Sainte Maxime Ave All Offers Considered

4

3

2

2

1

Port Kennedy 9 St Cloud Way Offers From $579,000

Port Kennedy 5 Sunset Cove $795,000

4

4

2

2

3

1

1

Port Kennedy 77 Zaragoza Drive $439,000

Port Kennedy 28 Zedora Loop Offers From $380,000

4

4

Ray White Rockingham

2

2

2

2


Testimonials What our customers are saying

Thank you Steve for all your efforts in the recent sale of our investment property in Port Kennedy. You provided honest and constructive criticism, together with enthusiasm, to try your best to make a sale. Steve’s advice was refreshing and productive and we believe beneficial to the approach of marketing the property. Communications were open and easy via emails and text. We always felt comfortable with any questions throughout the marketing, negotiations and finally sale and settlement. I would have no hesitation in requesting Steve Wright’s services if the opportunity arises again.

L Stewart, Port Kennedy We have bought and sold many properties over recent years and can honestly say Nola Tully is the most professional, positive, considerate, enthusiastic and honest agent we have ever dealt with. At every step of the process we were informed of progress and every detail was explained clearly and promptly. The property sold was a rental and your respect of our tenants was amazing. We have enjoyed working with you Nola and thank you for the quickest, easiest sale we have every made.

Wendy and Ross, Mt Pleasant I am writing to you in order to congratulate you on your fantastic employee Ms Julie Pearson. I entrusted my property to Julie to sell and although it took some time to sell due to buyer finance falling through twice, Julie was always positive, hard working and understanding. I believe she went above and beyond her role just to help me as I am in Melbourne and could not get to my property. She was able to help me with repairs, and insurance issues with a smile and professional attitude. Again many thanks to Julie and her services. Due to her services, I will definitely come back to Ray White in the future. Thanks again.

Nada Salha

Ray White Rockingham


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Property Management Services

If you are ready to explore new ways to maximise your investment potential, now is the time to contact the Property Management team at Ray White Rockingham Ray White Rockingham


A business of pride At Ray White we get you more. Here’s how. At Ray White Rockingham we work harder for our customers. With the benefit of experience, we take the time to understand your needs up front. During the campaign, we use a refined set of processes that have been specifically designed to get you the best possible price for your property. Ray White Rockingham continuously receives industry wide recognition, recently being awarded the prestigious REIWA Top Office by Listings Sold in the region 2012/2013, and Top Office for number of sales for Ray White WA for five consecutive years. We know firsthand what makes the area and the lifestyle attractive. What’s more, we know what motivates buyers in the local market.

Contact Ray White Rockingham T 08 9527 8322 F 08 9527 8445 E mail.rockingham@raywhite.com Shop 5, “The Boardwalk” 7 Railway Terrace, Rockingham WA 6168 raywhiterockingham.com.au

Our comprehensive past client and buyer database ensures that your property is presented to more genuine buyers, to maximise the competition to buy your property.

Disclaimer: Sales information is based on sales data recorded with reiwa.com (within the last 4 months). 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 of any errors, inaccuracies. Recipients should make their own enquiries to verify the information contained in this document. Market Report includes properties sold by Ray White Rockingham and Other Real Estate Agents


Port kennedy mar 2014