IMPRESSIVE

End Date Sale: All genuine offers presented by 6pm Wednesday 13th July 2016 (unless sold prior) Please call Dean on 0411 110 779 for a price guide   What a stunner! This immaculate home was designed for spacious, easy-care living. With a light and bright airiness throughout the home that simply must been seen. Offering…

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UNDER OFFER

STYLE NEVER GOES OUT OF FASHION

End Date Sale: All genuine offers presented by 6pm Wednesday 29th June (unless sold prior) Please call Dean on 0411 110 779 for a price guide This circa 1930’s almost original, Californian bungalow is a glimpse back into a time when architecture and romance were elegant and pure. With a few modern touches inside and…

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CITY CONVENIENCE, PARK LIFESTYLE

This specifically designed and built Dale Alcock 3×2 home is large, spacious, stand-alone and has all the incredible benefits of living close to the city but with a green and leafy park lifestyle. Overlooking the Glendalough open space park and with the Herdsman Lake reserve across the road; convenient lock and leave living has never…

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SOLD

UNDER OFFER IN 4 DAYS

End Date Sale: All genuine offers presented by 6pm Wednesday 15th June 2016 (unless sold prior) Please call Dean Bradley on 0411 110 779 for a price guide This stunning Architecturally designed double storey home in a superb location is now available. With three bedrooms, plus a grand office with separate entrance. The convenient lifestyle…

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SOLD

ENDLESS POSSIBILITIES

End Date Sale: Absolutely all genuine offers presented by 6pm Wednesday 18th May 2016 (unless sold prior) Please contact Dean Bradley on 0411 110 779 for a price guide. Looking to get your foot in the door of the wonderful suburb that is Mount Hawthorn? Always wanted to renovate a home in a great location…

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Round the twist

Wembley Property Ladder icon

These days there is no shortage of housing market data available, and for the most part, it provides a guide of how the market has performed in the past – be it in the last month, the last quarter or the past 12 months. Everything I am reading at the moment as well as the day to day feel of the market tells me that the Perth property market is suffering and Wembley is no different!

The impact of the mining downturn in WA, weaker than expected economic growth, resulting in increased unemployment levels and a general lack of consumer and business confidence are all contributing to weaker sales volumes plus a decline in the median house price and median weekly rental.

While I don’t disagree with these facts, the problem with looking backwards is that it doesn’t necessarily help you understand what the market will do next and that is what you need to know to make an informed decision about when to buy or sell.  What we must not forget is that the residential property cycle is just that, a ‘cycle’ that moves through a period of boom to bust; from low capital growth/high rental yield, to high growth/low yield and back again. The key is to get in towards the lower point of the market, where we are now…to be prepared to buy counter cyclical when everyone else is backing off then be prepared to take a long term view in order to reap the greatest benefits.

I would think that based on what has happened in recent times we should see recovery late next year with solid and significant uplift a further two years from there.

Here are some of the classic signs that we are at the bottom of the property cycle:

  • A decline in prices is a telling sign, with the Perth median house price now sitting below the previous 2013 highs (currently at around $520,000) – There is general doom and gloom in the market and sellers are prepared to quit the property and move on. That is the market sentiment at present.
  • Building completions are higher than building commencements which is the first trigger for a shift in the balance of supply and demand.  Once the current stock of new and established dwellings is absorbed, demand will once again outweigh supply and as more buyers are competing for fewer properties, price will start to move upwards again.
  • A higher than average number of properties listed for rent, resulting in a higher vacancy rate – this extra stock is favouring tenants taking a wait and see approach about whether to rent or take advantage of the low interest rates and buy a property instead.

Reference: Hegney Property Group

As always; please call me on 0411 110 779 if you need any advise with your real estate needs.

Fast Facts

  • 26 properties for sale as of 21/03/2016.
  • 58 properties have sold or gone “Under Offer” in the past 6 months (Oct 2015- 21st march 2016).
  • Average days on market for current listings is 85 with 7 properties more than 100 days.
  • 10 properties of the current listings have had a price change.
  • Pangbourne and Harborne streets had the most sales in this period – 7 each.
  • Average sales price for this period was $1,082,377.

Current Listings

NoStreetBedsBathLand m2 (approx)List DateList PriceCurrent PriceDOMAgency
96Ruislip St5368822/10/2014Offers$1,799,000517M & M Property
237Ruislip St3253225/06/2015$999,000$925,000271Acton Central
67Lake Monger Drv531,16131/07/2015$2,300,000$2,300,000235buyMyplace
3/62Salvado Rd3292411/09/2015Mid $800,000's$800,000's193Abel McGrath the property people
25bSimper St323663/11/2015low millsFrom $980,000140Abel McGrath
2/85Reserve St32N/A20/11/2015From $975,000From $875,000123Able Mcgrath
10Bronzewing loop424139/12/2015$1.1 MHigh 900k104Airey Real Estate
157aJersey St21N/A17/12/2015$880,000$845,00096Acton Central
216Harborne St326716/01/2016AuctionOFFERS76House Real Estate
87Holland St526459/01/2016AuctionLow to Mid 1 Millions73Bexley's Real Estate
19Reserve St54N/A14/01/2016$1,275,000All Offers Presented68Leasing Elite
217bCambridge St3215613/02/2016$890,000$890,00038Acton Central
25bJukes Way3227114/02/2016From $1000000$875,00037Professionals Property Plus Real Estate
2/116Salvado Rd3221014/02/2016$995,000$950,00037Acton Central
145Jersey St3150016/02/2016From $799,00035Sage R/E
87bGregory St3241117/02/2016AuctionAuction34Acton Central
18Gregory St3169219/02/2016EDSLow to Mid 900k32Peard R/E
157bJersey St4157123/02/2016From $895,000From $895,00028Bexley's Real Estate
88Essex St216532/03/2016$895,000$995,00020Hive R/E
16Johnson St426713/03/2016$1,495,000$1,495,00019Michelle Hawkins Real Estate
69Keane St325547/03/2016$1,100,000$1,100,00015Real Estate Express
197Harborne St3167110/03/2016Low $800,000Low $800,00012Able Mcgrath
48aKeane St4251710/03/2016EDSEDS12Peard
165Daglish St3261711/03/2016$1,125,000$1,125,00011Optimus
192bSalvado Rd4237215/03/2016From $1,199,000From $1,199,0007Realmark
16St Vincents St5269915/03/2016From $1,000,000From $1,000,0007Wallace R/E

Sales October 1st 2015 – March 21st 2016

NoStreetBedsBathAsking PriceAgencySale PriceSale Date
50aReserve St42From $1,400,000Able Mcgrath$1,365,0007/12/2016
54Daglish St52AuctionAble Mcgrath$1,581,00012/03/2016
3Bronzewing Loop52N/AMichelle Hawkins R/E$1,025,0009/03/2016
141Herdsman Pde32N/AN/A$824,00024/02/2016
17bJukes Way32N/AActon Central$770,00018/02/2016
50aKeane St32N/AActon Central$867,50018/01/2016
22Pangbourne St32OffersAltitude$975,00018/01/2016
74Alexander St31$1,150,000Acton Central$970,0008/01/2016
39Barrett St21$895,000Growth Realty$820,0003/01/2016
8aBarrett St21From $900,000Benade Helman$855,00024/12/2015
3Pangbourne St31N/ABexleys Real Estate$730,00023/12/2015
90Ruislip St21$772,000Seniors Own Real Estate$772,00015/12/2015
139Gregory St52$1,599,000Acton Central$1,520,00014/12/2015
53Mckenzie St31$1,450,00014/12/2015
68Keane St42AuctionLJ Hooker$1,555,00013/12/2015
18Gregory St32End Date SalePeard Real Estate Leederville$985,00012/12/2015
18Harborne St32End Date SalePeard Real Estate Leederville$985,00012/12/2015
24Simper St31AuctionActon Central$1,350,00012/12/2015
47Daglish St43$1,325,000Bexleys Real Estate$1,310,0006/12/2015
43Keane St32N/APeter Locke$765,0004/12/2015
24bReserve St42AuctionActon Central$960,0003/12/2015
54Mercy Village32$950,000Seniors Own Real Estate$935,0002/12/2015
190Jersey St32End Date SalePeard Real Estate Leederville$870,00030/11/2015
57Harborne St42AuctionBexleys Real Estate$1,290,00028/11/2015
194Daglish St21N/AN/A$820,00025/11/2015
35aBarrett St32$1,695,000Murphys Estate Agents - Subiaco$1,550,00021/11/2015
116Harborne St32End Date salePeard Real Estate Leederville$950,00021/11/2015
173Harborne St21All OffersActon North$750,00017/11/2015
87Harborne St31$850,000-$950,000 Abode R/E$840,00016/11/2015
194Jersey St31N/AProperty Exchange$1,151,00012/11/2015
14Connolly St33Offers around $1,000,000Acton Central - Subiaco$850,00010/11/2015
43aPangbourne St32End Date SalePeard Real Estate Leederville$835,00010/11/2015
208Harborne St21End Date SalePeard Real Estate Leederville$780,0009/11/2015
43Reserve St42AuctionPeard Real Estate Leederville$1,800,0008/11/2015
48Nanson St32$1,485,000Benade Helman$1,200,0006/11/2015
96Daglish St31Offers $900k'sHallmark Realty$940,0004/11/2015
253Cambridge St21AuctionActon Central$1,240,00031/10/2015
164Harborne St31AuctionActon Central$750,00031/10/2015
88Mckenzie St32N/AN/A$950,00030/10/2015
37bPangbourne St42From mid $1msPerth Property Partners$1,410,00030/10/2015
10Keane St33N/AProperty Exchange$1,315,00029/10/2015
47Pangbourne St21N/ABexleys Real Estate$715,00027/10/2015
36Holland St32From $1,325,000 Bexleys Real Estate$1,296,97525/10/2015
43Pangbourne St31Best Offer above $875,000Squires Real Estate$900,00025/10/2015
119Nanson St41$1,200,000Abel McGrath Property Group$1,130,00023/10/2015
23Connolly St31OffersFrom $885,000Bellmerenda Real Estate$905,00019/10/2015
41Mckenzie St32Offers Over $1,275,000 The Property Exchange$1,290,00019/10/2015
63Holland St42Offers Over $1,495,000 The Property Exchange$1,480,00018/10/2015
39Pangbourne St42N/APerth Property Partners$1,535,00016/10/2015
50Gregory St21End Date SalePeard Real Estate Leederville$1,060,00015/10/2015
41aMarlow St32AuctionActon Central$1,210,00010/10/2015
96Mckenzie St31From $990,000Squires Real Estate$1,020,00010/10/2015
128aHerdsman Pde21N/AEmpire Property Solutions$788,0008/10/2015
200Ruislip St32Set Date SaleRealmark Coastal$1,200,0007/10/2015
44Herdsman Pde31$999,000Bexleys Real Estate$820,0005/10/2015
33Barrett St43N/ACaporn Young Estate Agents Pty Ltd$1,750,0003/10/2015
48aConnolly St32$810 to $828kProperty Exchange
18Scadden St42Fron $950,000Bexleys Real Estate$935,000
Source: REIWA Disclaimer: All information contained herein, including text, photographs and data, is given in good faith and is provided for guidance only. Whilst every effort is made to provide correct information all figures and information are subject to change without notice and Peard Real Estate makes no guarantees, undertakings or warranties concerning the accuracy or completeness of the information provided. You should take independent steps to verify the accuracy of the information prior to relying on that information. Peard Real Estate Leederville Pty Ltd T/A Peard Real Estate Leederville T/C RA64721.
SOLD

ART DECO BEAUTY

End Date Sale: All offers presented by 6pm Wednesday 20th April 2016 (Unless sold prior) Suit buyers low $1millions   If style, character, a great location and space are on top of your list of things required while you look for your new home, then you need to come and view 127 Dunedin St, Mt…

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SOLD

DREAMS CAN COME TRUE

End Date Sale: All offers presented by 6pm Wednesday 13th April (unless sold prior)   The dream of living in City Beach can now become a reality. This HUGE block with the most incredibly quirky house that you just have to see to believe is up for grabs. Picture a 70’s pool party from the…

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SOLD

LOCATION, LOCATION, LOCATION!

A sensational opportunity has risen to secure yourself a spacious two storey, three bedroom, two bathroom townhouse in the up and coming suburb of Glendalough. Perfectly positioned, within close proximity to the city and many other amenities, it is an easy stroll to Lake Monger and Herdsman Lake Reserve, this townhouse is perfect for any…

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Beach Eats

IMG_2251a

No one can argue that Perth’s weather of late has been HOT! But nothing is looking hotter than the new City Beach redevelopment. Estimated to cost a whopping $10m+ the huge changes to City Beach are almost completed, and boy do they look good!

On the very warm Friday 5th February we headed to City Beach and instantly you can see the hard work and stunning futuristic design of the new buildings and Surf Club. When fully completed there will be a brand spanking new Surf Club, three new restaurants, new roads and extensive shaded and landscaped recreational spaces.

The first of the restaurants to open is Odyssea Beach Café.

 

Excited about the new restaurant we booked in for dinner. We arrived at City Beach early to watch the sunset and take in all of the new surroundings that the redevelopment has to offer. There is a small amphitheatre, lush landscaping and even a rooftop grassed area above the surf club, perfect for prime sunset viewing.

Inside Odyssea Beach Café we were greeted with a smile and seated at our table a few minutes later. A long bar like table with high chairs, surprisingly comfortable. To start the evening, we dabbled in an Odyssea Martini which was delicious and had a champagne chaser. Very cute!

Having already studied the menu back to front, we already had an idea of what we were going to order. A selection of the meals we ordered were;

Entrée:

Caramelised fig, blue cheese, mascarpone, crisp pancetta, rocket, crostini

Hiramasa kingfish ceviche, tequila, lime, hot sauce, house tortilla chips

Main:

North West squid, crunchy sprouted bean, coriander salad, lime, chilli dressing

Tagliatelle pasta, Endeavor prawns, chilli, tomato, kale, smoked ricotta

Roasted Tasmanian salmon, coriander, mint, walnuts, hummus

100-day grain fed Harvey Beef 300g, red quinoa & watercress salad

 

The Caramelised fig and blue cheese salad was absolutely TO DIE FOR! There was an explosion of flavours in the mouth, just having that for food would have satisfied our taste buds for the evening, but it was onto the main.

Majority of the table ordered the 300g Harvey beef which was cooked to perfection (one of the steaks was slightly under cooked) but had that beautiful char grilled taste and outside but was tender on the inside.

Overall our table was incredibly happy with our meals, the only small quam we had was the Prawn pasta. The prawns were quite small and the prawn/fishy taste slightly overpowered the kale and delicious smoked ricotta unfortunately. The pasta however was cooked to perfection!

The restaurant itself is stunning, with laid back beachy furniture. Inside is light and bright even in the evening and the outside deck, well there’s THAT view which simply speaks for itself.

We can’t wait to get down there to try out Odyssea’s breakfast, but we suggest you get down to have a meal at any time of the day; if you haven’t already!

Resources:

http://www.odysseabeachcafe.com.au/

Instagram @odyssea_beachcafe

Facebook www.facebook.com/OdysseaBeachCafe

Georgiou Group