The pick of the bunch.

Click here to view the embedded video.

Welcome to the first edition for the Wembley Property Ladder for February.

 Today I wanted to talk to you about what is happening on the domestic front, being Wembley, but also what is happening in surrounding suburbs.

 So far this year we have seen the big banks raise interest rates whilst the Reserve Bank held interest rates. So what does this mean? Unfortunately this adds a little more fuel to the fire of some uncertainty both on a global and domestic level. With this said we are still seeing some great signs in Wembley.

I was talking to some of my colleagues the other day, we were looking at some interesting facts around Wembley, Floreat and City Beach. What we found was that per square meter rate for pricing on land was almost on a par in these three suburb, which is almost unheard of! A few reasons for this is that demand is huge in Wembley at the moment. Good family homes are in high demand amongst buyers who either already live in Wembley or who are looking to trade up from suburbs like Mount Hawthorn or North Perth but unfortunately, at the moment, are a rarity. I have been fortunate enough to be marketing a beautiful property at 62 Nanson Street, a great family home. We have had over 60 groups through in 4 home opens, amazing! It just shows that a good suburb like Wembley that has great infrastructure will always show strong demand in the property market.

 Despite all of the negative sentiment Wembley continues to be the pick of the bunch showing price rises and strong interest. Wembley residents are fortunate that they don’t live in a suburb that is showing great decline and hopefully throughout this year, we will continue to see good growth.

 The Wembley Property Ladder is brought to you this week from 29 Crosby Street, Floreat. A 7.5 star energy rated apg built home that is now for sale. Open Sat and Sun 11.00 – 11.45am.

Wembley Real Estate Facts (past 14 days)

•  39 Active listings for properties $750,000 plus
• 8 new listings from Jan to now
• 18 properties have had a price reduction = 46% of listings
• Average price reduction is 6% of original price
• Average days on market is123
• Highest priced property is 110 Daglish Street at $1,895,000

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

Current Listings

Latest Listings

Price Adjustment

Recent Sales

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

Is how you will feel when viewing the fantastic pad! Located in a quiet and private cul de sac in a premium lifestyle location, this 2×1 apartment is the perfect residence for those who require a low maintenance living option or investment property.

Set in a secure resort style complex with communal pool, spa and barbeque area as well as beautifully maintained common areas, this colonial style complex, with red brick exterior and classic green and cream features is a delightfully quiet and place to call home.

Features Include:

-          1 secure car bay allocated to the apartment, with several visitor bays.

-          Separate storage unit.

-          Galley kitchen with an abundance of cupboard and bench space. Hidden laundry maximises the space offered.

-          Open plan living and dining opening onto private balcony.

-          Two large bedrooms with built in robes.

-          Bathroom with bath.

Investor Facts

Currently rented for $360 per week to excellent tenants, a property of this calibre will be in high demand on the rental market and is the perfect low maintenance investment to add to your portfolio.

Street Talk

Directly across from Herdsman Lake, enjoy this expansive and picturesque location. A cycle path circulates the parkland and presents great options for those who love an active lifestyle. Wembley offers a central position, in between the City and the coast with close proximity to Subiaco and Leederville. Scenic streets lined with stunning properties, quirky cafes and established dining make Wembley a premier suburb to live. This is entry level Wembley buying at its greatest.

apg’s landmark 7.5 star ‘green concept’ home “The Daintree” is now open to offers.

Floreat is favoured Western Suburbs option for those families who enjoy a coastal culture whilst maintaining an easy access route to the City. Long held as one of Perth’s finest and most sought after suburbs, Floreat has close proximity to some of the best private and public schools and sporting complexes.  Superbly situated across the road from Grantham Selby Park and walking distance to Herdsman Fresh, this location provides convenient options for busy families.

This exceptional 4×2 home lives up to the quality and finish that you would expect from an apg built home. The layout is excellently centred on family living and entertainment with a combined internal space of 281m2 (382m2 including garage and alfresco.) A modern layout allows for separate living, with the children’s wing at the back of the home including study and activity room whilst the parent’s retreat is situated at the front.  The main living, an expansive open space, is the heart of this luxurious home and opens onto a stunning alfresco and pool. Brilliant in design and finish, this quality home is a breathtaking example of superior craftsmanship and design.

This cutting-edge home boasts a 7.5-star energy rating and the latest future proof features such as photovoltaic cells, a rain water harvesting system, a grey water recycling system, energy efficient glazing, solatube daylighting and even a water-wise garden.  This is the future of environmentally friendly living and not only is beneficial for our environment but also for your hip pocket. This luxurious family home heralds the beginning of a brand new era in earth friendly homes and, for you, the opportunity to live in apg luxury whilst doing your bit for Mother Nature.

This property is a must view for those looking to purchase a home in Floreat. With a multitude of features, a stunning designer finish, brilliant blue chip location and environmentally friendly attributes, “The Daintree” is a stellar family home.

Congratulations to Jen Heron and her daughter Eliza on winning the Ipad 2 as part of the Wembley Property ladder subscribe promo that closed at the end of January.

 They were very excited and Eliza commented that this was better than the house her mum just bought in Wembley!

 Thanks to all of those that have joined the Wembley Property Ladder and please stay tuned for next week’s update.

From the front, this 1920’s character home looks like your typical Wembley period property. A white picket fence adorns the frontage and a well maintained red brick, cream and dark blue exterior is complemented by a lovely front cottage style garden. DON’T BE FOOLED! Step inside and fall in love. Internally, this property presents a spacious and stunning 5×2 residence with modern characteristics and a huge entertainer’s backyard. Could this be Wembley’s best family home?

Features Include:

• Polished timber flooring and period features throughout.
• Formal lounge to the front of the home.
• Master bedroom with huge ensuite and walk in robe. The two bathrooms in this home have been renovated in neutral tones with quality fixtures and fittings.
• Stunning designer kitchen with Stone bench tops, a huge commercial style oven, an abundance of storage options, island bench with wine rack and a dishwasher. Overlooking the main living space, cooking for your family will be a delight in this beautiful kitchen.
• Open plan meals and living area. A beautiful cohesive space with soaring ceilings and a working gas fireplace.
• The minor bedrooms all have built in robes.
• Family bathroom with double vanity and combined bath/shower.
• Climb the stairs to the loft. This multipurpose room would make a perfect fifth bedroom or media room. Depending on your needs this space can be converted into a room you desire.
• Step outside, under your large alfresco dining and enjoy this lovely backyard. Take a dip in the gas heated pool, relax in the spa or enjoy a game of cricket on the lawn. This space has been well designed and is perfect for family fun.
• Ducted A/C and alarm system.

Street Talk:

The current owners have loved living in Nanson Street.  The location is fantastic, so close to Lake Monger, the Wembley shopping precinct and Subiaco and with Stanley’s and Flipside burger at the end of the street you will be spoilt for choice.  The street really gets into the Xmas festive spirit with a street party and some of Wembley’s best lights on display. Great for kids!

Or if football is your thing, a short walk to Subi Oval ensures a hassle free and enjoyable game.

What the owners love about the home:

“Our home is fabulous to entertain in, the alfresco and pool area is ideal for parties.  Inside the kitchen is the heart of the home.  We love the floor plan, it is really well laid out for families and offers great separation of living spaces and privacy with plenty of room for adults and children alike.”

Perched high in the heart of West Perth, surrounded by cafes, restaurants and a bustling vibe, this 2×2 apartment will leave you feeling on top of the world! This apartment provides the perfect lock up and leave, low maintence, cosmopolitan lifestyle.

Features include:

-          Small boutique complex.

-          Secure lift access to the third floor.

-          Open plan living, dining and kitchen. Bamboo flooring adorns the main living floor.

-          Sparkling kitchen with tile splashback, plenty of bench space and dishwasher.

-          Sizeable balcony opens off the main living. A great place to soak up the morning sun.

-          Master bedroom with walk through robes and ensuite.

-          Second bedroom has built in robes.

-          Bathroom/Laundry with bath.

-          One secure car bay and storage cupboard.

What the owner has loved about the property

“I have loved living in this location. It is perfectly located being walking distance to Subiaco and the City.  As I work down the other end of the CBD, I catch the free Red Cat Bus to work every day.  I walk to Kings Park to soak up the view and utilise the many exercise paths as well as the world class Next Generation gym on Kings Park Road.

The cafes and restaurants are divine in West Perth and a cafe that has been voted “Best coffee in Perth” is right on your doorstep.

Whilst the West Perth hub is bustling during the day, it is surprisingly quite at night and on the weekends, which makes living in the area cosmopolitan and convenient yet still enjoyable.”

What’s next?

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Thanks for  viewing the last edition of the Wembley Property Ladder for 2011. I just want to give you an overview of the Wembley market in 2011 and a brief in site on what we are planning to bring you, the  Wembley Property Ladder subscribers, in 2012.

So looking at 2011, realistically there hasn’t been a lot of change. Sales volumes are stable, approximately 80 transactions for properties priced $700,00 and above, not too dissimilar to 2009 and 2008. However, days on market continue to blow out at approximatley 84 days at the moment.

That being said we are seeing listing volumes stabilise around 35 to 40 properties on the market at one time, which is about right for Wembley.

In 2012, we are hoping to look at a  street focus, concentrating on one street at a time in isolation, to find out what is happening on that street in terms of sales, days on market, the types of house that are typical for the direct area and the median price. We will also be speaking to local businesses to give you an in site into what is happening in Wembley overall. The one thing I am always hearing is that Wembley is like a small village, so it will be great to share with you that community feel as well.

I really hoped you have enjoyed the Wembley Property Ladder in 2011, we have certainly enjoyed bringing it to you.

 We hope to grow the Wembley Property Ladder community. Please don’t forget about the promotion we are running until 31st January 2012, whereby joining the Wembley Property Ladder you can go in the draw to win an ipad2. The link to join is www.deanbradley.com.au/ladder please pass it onto your friends, family, neighbours or colleagues and please don’t hesitate to ask me any questions that you may have about your suburb, Wembley.

I hope you and your family have a great Christmas, a happy New Year, stay safe and we look forward to bring you the Wembley Property Ladder bigger and better in 2012.

Check out my feature on The West Real Estate program on Channel 7, showcasing 32 Essex Street, Wembley. Enjoy!

Click here to view the embedded video.

Wembley Real Estate Facts (past 14 days)

• 35 active listings
• 5 new listings in the past 14 days
• 2 properties have gone under offer in the past 14 days
• 16 properties (46%) have had a price reduction
• Average price reduction is now 6% from original price
• Average days on market is now 86

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

Current Listings 16-12-11

Latest Listings 16-12-11

Price Adjustments 16-12-11

Recent Sales 16-12-11

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

Twilight grand opening – Wednesday 7th December 5.30 – 6.00pm

This is family living and entertaining at its greatest! Located in a popular and opportune pocket of Wembley, this dazzling entertainer is situated in the Wembley Primary catchment zone and just minutes from both the city and the surf.

Features include:

• 721m2 block with right of way access.
• Beautiful elevated porch, overlooking an established and meticulously maintained front garden.
• Polished wooden floorboards and soaring ceilings throughout.
• Formal lounge or fifth bedroom, study and master bedroom with ensuite and walk in robe are all located at the front of the home, creating segregated family living.
• Huge open plan main living combining designer kitchen, dining and living. This space is striking and spacious and opens onto the alfresco dining and pool area.
• The kitchen consists of stone bench tops, a breakfast bar, loads of storage options and a dishwasher.
• Three minor bedrooms, all with built in robes, and a family bathroom feature in the back in wing of the home.
• Ducted four zoned a/c.
• Large sliding doors bring the inside out onto the alfresco patio, pool and grassed backyard. The inviting pool and spa dazzles in an inviting shade of blue and makes the backyard an enjoyable and relaxing place to enjoy this summer.

The fine print:

 Council rates: $2141.48

Water rates: $1059.40

What the owners have loved about the property:

“We have loved living in this quiet street. Its ease of access to the beach, City and freeway as well as being in the Wembley Primary catchment zone were big drawcards when we bought the property.

There is a great sense of community, with the school being nearby. We have formed many friendships with neighbours and through local junior football and netball.

The home itself caters to all of our needs. It has easy maintenance living, fantastic entertaining areas and has provided our family with a spacious and lovely family home.”

Property prediction from now into 2012

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I’ve just launched the latest WPL report for November, I hope you enjoy it and would love your feedback on its content and any other topic you would like me to discuss. Feel free to forward it onto your neighbours, friends or family. If they join before the 31^st of Jan they will go into the draw to win an ipad2.

I wanted to share with you, the most common questions that I am being asked at the moment.

The main questions are:

What is the market doing?

What is the market going to do next year?

Should I sell now?

Should I buy now or wait until the new year?

It is impossible to know for sure what the market is going to do now moving into 2012 but I would like to share with you a few ideas that may assist you. November and December are typically months where buyers and sellers are  motivated. Christmas and holidays are looming and people are starting to think about their new years resolutions meaning people are ready to take action. An excellent example of that is one of my new listings, 32 Essex Street, Wembley. I opened it for the first time on the weekend and 31 buyers came through that home open, I thought i had been transported back to 2007, it was amazing! Subsequent to that, we have 2 offers after one week on the market.

The reason for this is that people want to be SOLD or SETTLED before Christmas and the new year. When we move into January, February and March, things tend to change. People start bringing their properties on the market and they are less inclined to want to act quickly, meaning that the competition is well in  favour of the buyer because there are more properties on the market and they can take their time. If we get another Interest rate cut or globally things start to improve then that could balance things out.

My prediction is that we won’t see a big change in the first quarter of 2012. That being said if you are looking to put your property on the market, whether it is now or the beginning of next year, just insure that you have a great strategy, your property is well marketed and you know your target audience as far as buyers go.

Wembley Real Estate Facts (past 14 days)

• 32 active listings
• 7 new listings in the past 14 days
• 3 properties have gone under offer in the past 14 days
• 14 properties (44%) have had a price reduction
• Average price reduction is now 5% from original price
• Average days on market is now 81
• There are 18 streets with properties for sale
• Harborne Street has the most properties for sale- 5

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

Latest Listings_30-11-11

Current Listings_30-11-11

Price Adjustment_30-11-11

Recent Sales_30-11-11

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

Nestled on a quiet and popular street in Wembley, this charming 3×1 character home is one to behold. Stunningly preserved from the front as well as internally and surrounded by similar turn of the century homes, this property presents not only beautifully in appearance but presents an opportunity for a savvy buyer to capitalise in a popular family suburb.

Located close to Lake Monger and a mere 10 minutes from the city, this stunning home built on a sizable 671m2 block, maintains the ever admired period features and is a testament to the era of which it was originally built.  Sprawling wooden floorboards, lead light features and soaring ornate ceilings, all that you would come to expect of such a classic period home, are present but improvements and clever additions over time have, including a renovated bathroom and kitchen, make it a real stand out.

Features Include:

• Formal lounge and dining with open functional fireplace
• Lovely renovated kitchen with industrial sized gas cooking and Corian stone bench tops.
• Huge family room opening onto the backyard.
• All bedrooms have extensive built in robes with custom built draws and compartments maximising the space and storage.
• Renovated bathroom.
• Separate laundry with second w/c

Out the back lies the real draw card. With access from the car port at the front, there is enough secure parking for 5 cars not including the ample space at the front of the property. A huge double shed is accessible from the ROW lane at the back and offers storage options a plenty. Extensive lawn and a delightful patio area out the back finished off this huge space and create the perfect backyard for the kids and adults to enjoy alike.  Most people dream of a backyard this size!

This exquisite antique character offers will suit a growing family who enjoy spending time outdoors, love entertaining and that are looking for a comfortable and charming home to spend their days in.