Wembley: Speculation, Sentiment vs The Facts

In this months market report I have taken a close look at the May 2014 versus May 2012 property activity in Wembley.  I must say that prior to my research I was convinced that the Wembley market had softened.  The ‘Fast Facts’ just proved that real estate is cyclical and we quickly forget where we are in the seasonality of the cycle.

Wembley has proven itself as a solid performing suburb.  It has endured a GFC, multiple elections, interest rate changes (not for a while), mining booms, population growth and all manner of events both positive and negative that influence our economy.

In fact, if you look at the May 2014 versus May 2012 average days on market, your homes are now selling 8% faster.

As always please feel free to have your say and don’t’ hesitate to call for more information.

Wembley Real Estate Facts

May 2014

  • 21 properties for sale (25 in May 2012)
  • 5 properties listed in May (10 in May 2012)
  • 7 properties went Under Offer in May (8 in May 2012)
  • 40 sales/Under Offer YTD 2014 (38 in May 2012)
  • Average days on market is 50 (64 in May 2012)

Current Listings

NoStreetBedsBathLand m2 (approx)List DateList PriceCurrent PriceDOMAgency
30Bath St4497621/03/2014Offers$1,675,00080Hawkins Smith
30Cambridge St4360710/06/2014Set Date SaleSet Date Sale1Realmark
40Collier St4314/04/2014EOIEOI57Hawkins Smith
14Collier St4263621/05/2014$1,139,000$1,139,00020Hawkins Smith
39bConnolly St3236919/02/2014Auction$1,325,000112Acton
1bDodd St4338812/05/2014$1,395,000$1,260,00029Hawkins Smith
153Gregory St4264529/05/2014OffersOffers12M&M
7Harborne St3255910/04/2014$899,000$899,00061Altitude
89Holland St3264511/03/2014OffersFr $1,030,00090Ray White
200aJersey St4242425/02/2014$985,000Offers106Harveys
54Keane St427234/06/2014$1,625,000$1,625,0007Professionals
69Keane St3255424/04/2014$1,095,000$975,00047Marron
59aLake Monger Drive7667113/02/2014High $2,000,000Fr $2,750,000118Able Mcgrath
2aMcKenzie3210/04/2014$805,000$795,000.0061Able Mcgrath
99Nanson St426457/06/2014AuctionAuction4Peard
28Nanson St5267013/05/2014AuctionAuction28Altus
5aPangbourne St52N/A9/06/2014OffersOffers2Altitude
43Reserve St527235/04/2014End Date SaleAuction66Peard
71Reserve St427281/04/2014$1,145,000$1,095,00070Able Mcgrath
19Reserve St5447430/04/2014$1,600,000$1,490,00041Riverside
189Ruislip St423587/05/2014$1,249,000$1,199,00034Avanti

Sales in 2014

NoStreetBedsBathAsking PriceAgencySale PriceSale Date
10aAlexander31$950,000Abode$931,0005/04/2014
32Alexander31$849,000Domain 1000$850,00020/02/2014
40bBarrett St42$1,725,000Caporn YoungUnder Offer
1Collier St21High 800kAble McgrathUnder Offer
23Collier St51N/A$905,00021/01/2014
35Connolly St52AuctionAble McgrathUnder Offer
18aConnolly St32OffersSpaceUnder Offer
4Daglish St42$1,440,000Altus$1,410,00011/04/2014
109Daglish St21N/A$970,00012/02/2014
173Daglish St31$980,000Ray White$950,00010/04/2014
19Daglish St43OffersSpace$1,470,00025/03/2014
100Daglish St42OffersSpace$1,450,0006/03/2014
96Essex St32End Date SalePeard$1,260,00011/03/2014
77Essex St32$1,249,000Peard$1,250,0005/05/2014
63Harborne St42Mid 1 millionAble Mcgrath$1,300,0007/02/2014
96Harborne St21OffersAbode$815,00029/03/2014
220Harborne St32EDSPeard$820,0003/01/2014
96Herdsman Prde42$929,000Apollo$900,00020/04/2014
151Herdsman Prde$1,078,000N/A$1,078,00028/01/2014
109Holland St21EDSPeard$1,080,0006/02/2014
145Jersey St31$740,000Bexleys$740,00028/02/2014
240Jersey St42OffersPeard$1,200,0004/05/2014
21Johnson St43OffersHawkins Smith$1,313,00023/02/2014
8Johnson St31OffersHawkins Smith$937,0002/03/2014
49bKeane42$1,180,000Psaros$1,130,0001/04/2014
57Lake Monger Drv33N/AACTON$2,150,00022/03/2014
61Lake Monger Drv43N/AN/A$2,200,00023/01/2014
51Mckenzie St32Fr $1,195,000Wright$1,220,000
63aMarlow St43$1,095,000Caporn YoungUnder Offer
35bMarlow St32N/AN/A$1,180,00031/01/2014
17Nanson43Mid 1 millionCaporn Young$1,430,0001/03/2014
17aPangbourne St31N/AN/A$800,00028/01/2014
65Reserve St31AuctionAble Mcgrath$1,210,00015/04/2014
60Reserve St21N/AN/A$1,125,0001/02/2014
237Ruislip St32$1,090,000Louis Carr$925,00018/02/2014
218aSelby St41$839,000Bexleys$830,00012/01/2014
7St Columbas Ave52AuctionAble Mcgrath$1,350,00023/02/2014
26St Vincents Ave31N/AN/A$1,200,0006/03/2014
10The Grove21AuctionLouis Carr$1,180,0008/02/2014
21The Grove42$1,350,000internet RealtyUnder 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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