Wembley Property Ladder – Supply & Demand

One of the major drivers in any economic environment is Supply & Demand.

Wembley has very little supply of residential houses for sale and has in fact only 25% of the same time in 2012.

There is much speculation as to what will happen this year and with large businesses such as Toyota, Qantas and others retrenching; unemployment and job security will influence market sentiment.

It is my view that due to the supply/demand equation and some negative market sentiment, we will see a fairly neutral market over the balance of this financial year.

If you feel differently or would like to catch up to discuss, please feel free to contact me.

Wembley Real Estate Facts

  • 12 active listings for properties $750,000 plus (21 last Feb and 29 Feb 2012)
  • 11 new listings in Feb 2014
  • Average days on market is13
  • Highest priced property is 59a Lake Monger Drive at High $2,000,000
  • 14 recorded sales at 700k or above in 2014

Current Listings

NoStreetBedsBathLand m2 (approx)List DateList PriceCurrent PriceDOMAgencyPrice Change
17Nanson Street4367129-Janmid $1,000,000Fr $1,420,00028Caporn Young
200aJersey St4242425-Feb$985,000$985,0002Harveys
100Daglish St4264520-FebOffersOffers7Space
4Daglish St4267119-FebFr $1,450,000Fr $1,450,0008Altus
39bConnolly St3236919-FebAuctionAuction8Acton
78Ruislip2172914-FebEOIEOI13Ray White
57Lake Monger Drive32131314-FebAuctionAuction13Acton
59aLake Monger Drive7667113-FebHigh $2,000,000High $2,000,00014Able Mcgrath
32Alexander St3110-Feb$849,000$849,00017Domain 100
55Pangbourne St424766-Feb$1,045,000$1,045,00021Private Sale
8Johnson St316717-FebOffersOffers20Hawkins Smith
24bReserve St425636-Nov$1,350,000$1,150,000111Louis Carr$1,150,000

Properties sold in 2014

NoStreetBedsBathList PriceAgencySale PriceSale Date
220Harborne St32EDSPeard$820,0003/01/2014
63Harborne St42Mid 1 millionAble McgrathUnder Offer
145Jersey St31$740,000BexleysUnder Offer
21Johnson St43OffersHawkins SmithUnder Offer
61Lake Monger Drv43N/AN/A$2,200,00023/01/2014
35bMarlow St32N/AN/A$1,180,00031/01/2014
17aPangbourne St31N/AN/A$800,00028/01/2014
60Reserve St21N/AN/A$1,125,0001/02/2014
237Ruislip St32$1,090,000Louis CarrUnder Offer
218aSelby St41$839,000BexleysUnder Offer
7St Columbas Ave52AuctionAble McgrathUnder Offer
10The Grove21AuctionLouis Carr$1,180,0008/02/2014
18aConnolly St32OffersSpaceUnder Offer
35Connolly St52AuctionAble McgrathUnder Offer
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.

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