Round the twist

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…

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Wembley Property Ladder

Whats the market doing: Firstly, sorry to all of those Eagles and Dockers fans for our Teams not bringing the premiership cup West! However the end of the AFL season does usually see the start of the real estate selling season and I will certainly welcome that after a very slow Sept Quarter. New reiwa.com data shows that Perth’s median…

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Wembley Property Ladder

Welcome to the winter edition of our Wembley Market Update. The property market has been a little subdued over the past 12 months even with the lowest interest rates since pounds and shillings were our currency! I would suggest that this may be the case for the winter at least and then the normal spring market will see better activity…

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How long is too long?

At what point do we consider that the price the owner and agent are looking for is too high?   I don’t really listen to what all the so-called experts would have you believe about how the property market has performed over the past few years. The fact is that it has been pretty flat for the most part with…

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Wembley Property Ladder

Fast Facts 26 properties for sale at the moment 18 properties listed for sale in Oct/Nov 90 properties have sold or gone under offer YTD 2014 Average days on market is now 53 Harborne St has the most listings (5) Daglish St has the most sales YTD (10)   Current Listings   Sales in 2014 Source: REIWA Disclaimer: All information…

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How is the Wembley property market looking?

With spring now upon us we would expect that the current low supply in Wembley should start to rise and buyers will come out from their winter hibernation! Traditionally this time of year, being cold and wet plus AFL footy finals people tend to make the decision to wait until late September to look at their real estate options. The…

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Status Quo

Not much has changed from May to June in the Wembley property market. July and August traditionally are quieter months due to school holidays, winter and AFL. We should start to see greater activity into September and then the key selling time of October, November and December. I trust you will find the information provided relevent and please call if…

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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…

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What’s the Market Doing?

This is the question I am asked dozens of times a day, normally I have a very good idea! Not at the moment though. It feels a little like a washing machine cycle with each day being a bit unpredictable. With speculation on mining, interest rates, government policy, population growth, unemployment rates, job security and so on it’s no wonder…

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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…

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