Wembley Property Ladder – Positive signs

NEWSFLASH: Don’t always listen to the newspapers!!

 Wembley is on the move and figures do not lie. Prices are solid and properties in WEMBLEY continue to sell if you follow fundamentals. Our Suburb is the envy of many surrounding suburbs and people want in and are prepared to pay for the opportunity to move there family into this great area.

 Please look at the figures in my report and draw your own conclusion but I think you will agree, it’s good to live in Wembley.

Wembley Real Estate Facts

  • 25 Active Listings
  • 10 Properties listed for sale in May 2012
  • 8 Properties have gone “under offer” in past 14 days
  • 38 Sales/under offer YTD in 2012
  • 8 Properties have had a price reduction – 32% of current listings
  • Average price reduction is 7.25% of original price
  • Average DOM is now 64 (down 88 from last period)

*Please note that these statistics are for residential houses in Wembley $700,000 or above & do not include units, townhouses or villas.

Current Listings

NoStreetSuburbBedsBathList DateList PriceCurrent PriceDOMAgency
40aBarrett StreetWembley4223-MayHigh 1 millionHigh 1 million8Able Mcgrath
5Collier StreetWembley3124-MayOffersOffers7Realmark
41Connolly StreetWembley5111-Feb$1,100,000$1,030,000110Growth Equity
111Daglish StreetWembley4221-Jan$1,370,000$1,247,000130Schwenke Young & Co
160Daglish StreetWembley3131-Mar$990,000$990,00061Realty Executives
187Daglish StreetWembley313-MayOffersOffers28Realmark
179Daglish StreetWembley324-Apr$1,185,000$1,165,000573L Real Estate
202Daglish StreetWembley4211-May$1,157,000$1,157,00020Property People
35Dodd StreetWembley424-Apr$950,000$950,00057Airey R/E
28Essex SteetWembley4217-MayOffersOffers14Realmark
35Essex SteetWembley2114-Mar$950,000$950,00077LJ Hooker
125Essex SteetWembley5210-Jul$1,445,000$1,295,000321IJR Property
32Gregory StreetWembley3215-Jun$985,000$858,000346IJR Property
129Gregory StreetWembley632-Mar$1,695,000$1,695,00089Schwenke Young & Co
27Harborne StreetWembley3112-May$679,000$679,00019LJ Hooker
145Harborne StreetWembley2120-Mar$745,000$705,00071Able Mcgrath
136Harborne StreetWembley3111-Aug$880,000$795,000290Realty Executives
199Harborne StreetWembley3210-May$915,000$915,00021Bexleys
18Johnson StreetWembley4211-May$1,390,000$1,390,00020Paxton Hoad
12Johnson StreetWembley3114-Mar$839,000$839,00077Darrell Croach & Assc
23aKeane StreetWembley3217-Mar$875,000$855,00074Private Sale
27Keane StreetWembley4114-Mar$1,250,000$1,150,00077Ray White
63Keane StreetWembley3218-May$949,000$949,00013Brownegrove
63bKeane StreetWembley3219-Jan$1,050,000$955,000132Schwenke Young & Co
79bLake Monger DriveWembley005-JanOffersOffers146Realmark
29Marlow StreetWembley4117-MayOffersOffers14Realmark
41bMarlow StreetWembley3124-Apr$779,000$779,00037Property Now
1_2Marlow StreetWembley429-Mar$945,000$845,00082Bexleys
49aPangbourne StreetWembley3128-Mar$789,000$750,00063Property Exchange
68Pangbourne StreetWembley3229-Mar$1,350,000$1,350,00062Louis Carr & sons
186Ruislip StreetWembley3228-Apr$929,750$929,75033Louis Carr & sons
44aSimper streetWembley4223-May$899,000$899,0008Private Sale
42aSimper streetWembley2122-FebOffersOffers99Harveys

Listings for May - Current

Today's date1/06/2012
Listed in May 2012Price Change
NoStreetSuburbBedsBathList DateList PriceCurrent PriceDOMAgency
40aBarrett StreetWembley4223-MayHigh 1 millionHigh 1 million8Able Mcgrath
5Collier StreetWembley3124-MayOffersOffers7Realmark
202Daglish StreetWembley4211-May$1,157,000$1,157,00020Property People
28Essex SteetWembley4217-MayOffersOffers14Realmark
27Harborne StreetWembley3112-May$679,000$679,00019LJ Hooker
199Harborne StreetWembley3210-May$915,000$915,00021Bexleys
18Johnson StreetWembley4211-May$1,390,000$1,390,00020Paxton Hoad
63Keane StreetWembley3218-May$949,000$949,00013Brownegrove
29Marlow StreetWembley4117-MayOffersOffers14Realmark
44aSimper streetWembley4223-May$899,000$899,0008Private Sale

Price Adjustment Since Listed

NoStreetSuburbBedsBathList DateList PriceCurrent PriceDOMAgency
41Connolly StreetWembley5111-Feb$1,100,000$1,030,000110Growth Equity
111Daglish StreetWembley4221-Jan$1,370,000$1,247,000130Schwenke Young & Co
179Daglish StreetWembley324-Apr$1,185,000$1,165,000573L Real Estate
145Harborne StreetWembley2120-Mar$745,000$705,00071Able Mcgrath
136Harborne StreetWembley3111-Aug$880,000$795,000290Realty Executives
27Keane StreetWembley4114-Mar$1,250,000$1,150,00077Ray White
63bKeane StreetWembley3219-Jan$1,050,000$955,000132Schwenke Young & Co
1_2Marlow StreetWembley429-Mar$945,000$845,00082Bexleys

Sales for 2012

NoStreetSuburbBedsBathList DateList PriceCurrent PriceAgencySale PriceSale Date
187Daglish StreetWembley313-MayOffersOffersRealmark$755,00024/05/2012
49aPangbourne StreetWembley3128-Mar$789,000$750,000Property ExchangeU/OFFER15/05/2012
17Walker StreetWembley3222-Oct$775,000$755,000Schwenke Young & Co$712,50014/05/2012
12Gregory StreetWembley2129-Mar$750,000$750,000Able Mcgrath$740,00025/04/2012
3Johnson StreetWembley316-Mar$785,000$785,000Davey R/E$750,00025/04/2012
169Daglish StreetWembley5229-MarOffersOffersRealmark$940,00019/04/2012
5Daglish StreetWembley3229-Feb$1,300,000$1,260,000Realmark$1,170,00018/04/2012
157Harborne StreetWembley3115-Mar$739,000$739,000Caporn Young$730,00011/04/2012
96Holland StreetWembley217-Dec$1,020,000$999,000Louis Carr & sons$960,0001/04/2012
107Pangbourne StreetWembley2121-MarOffersOffersRealmark$900,00025/03/2012
20Daglish StreetWembley422-MarOffersOffersActon$1,675,00022/03/2012
101Nanson StreetWembley3215-MarOffersOffersRealmark$1,025,00017/03/2012
120Holland StreetWembley526-Jul$1,500,000.00$1,395,000Schwenke Young & Co$1,285,00015/03/2012
88Alexander StreetWembley528-Mar$1,400,000$1,400,000Realmark$1,420,00012/03/2012
39bAlexander StreetWembley4119-Jan$849,000$829,000Louis Carr & sons$815,00029/02/2012
20Scadden StreetWembley3123-Feb$895,000.00$895,000Able Mcgrath$870,00028/02/2012
38aNanson StreetWembley21$787,000$787,000Property People$740,00024/02/2012
37Keane StreetWembley3115-Nov$989,000.00$920,000Property People$846,00022/02/2012
49aKeane StreetWembley425-Jan$960,000.00$960,000Porter matthewsU/OFFER20/02/2012
39Keane StreetWembley319-Dec$920,000$899,000Orourke RE$860,00017/02/2012
62Nanson StreetWembley521-FebOffersOffersRealmark$1,630,000.0017/02/2012
255Jersey StreetWembley32$765,000$765,000Louis Carr & sons$765,00016/02/2012
15Walker StreetWembley3217-Oct$825,000.00$765,000Schwenke Young & Co$765,0001/02/2012
32bReserve StreetWembley3229-Sep$910,000.00$910,000Louis Carr & sons$890,00028/01/2012
220Harborne StreetWembley4219-NovOffers$695,000Realmark$701,000.0020/01/2012
144Holland StreetWembley32$775,000$725,000$725,0001/01/2012

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 Realmark 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. Licensee Realmark Pty Ltd ABN 86 009 364 167 ACN 009 364 167 TC 3252 • Licensee Realmark Coastal Pty Ltd ABN 62 378 702 282 ACN 127 173 344 TC 60973 • LicenseeRealmark South Pty Ltd ABN 86 786 003 297 ACN 127 589 020 TC 59590 • Licensee Realmark West Pty Ltd ABN 93 011 317 260 ACN 135 866 198 TC 59589

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