KARDINYA MARKET

UPDATE

OCTOBER 2012

PR ESENTED BY R ICHAR D CAR TER

Keeping your finger on the pulse....

DISCLAIMER: The information provided in this report have been provided to be informative and helpful and in no way represent legal

opinions of the ACTON group. Readers are required to make their own enquiries into the accuracy of this report for their own records.

It’s a 2 speed market...

Last time I wrote, the signs of the market were pointing towards an increase in market activity and

strong signs of price growth was evident. While this is still somewhat true, there is a 2 speed market

immerging in Kardinya.

Currently we are experiencing record low number of properties for sale. The homes and units

priced below $600,000 are being snapped up in a matter of days. Unfortunately the same can’t be

said for those more expensive homes in the area which are taking as much as 90+ days. It seems

buyers looking for the higher priced homes are still spoilt for choice and therefore picking only the

best valued properties they find. This is confirmed when looking at the properties currently for sale, of

the 18 currently for sale only 5 of these are under $600,000.

So what does this mean to you? Well put simply, if you are looking to upgrade and currently own

a sub $600,000 property, now is a great time to sell as the competition is fierce and prices are good.

If you own a higher price home, then now is probably not the right time for you to achieve your ideal

price.

The good news is, as market forces push prices up from below, more buyers will come into the

more expensive market as they sell and upgrade. Combine this with low interest rates, I believe we

will start to see the top end market improve over the coming months.

As always I will continue to keep you up to date with our marketplace, so you keep your finger on

the pulse….

Kardinya marketplace Statistics...

$1,500,000 Is the Highest sale price in Kardinya

$210,000 Is the Lowest sale price in Kardinya

$550,000 Is the Median house sale Price in Kardinya

133 Is the number of properties Sold in Kardinya over the last 12 months

18 Is the Number of properties currently For Sale

-4.6% Is the approximate Variance in the last 12 months

50 Is the Average days on market in the last 6 months.

Area List Price Sale Price Sale Date DOM

DISCLAIMER: The information provided in this report have been provided to be informative and helpful and in no way represent legal

opinions of the ACTON group. Readers are required to make their own enquiries into the accuracy of this report for their own records.

Zoning

25 B AINSLIE CT LAND 360 R17.5 $339,000 $310,000 01/04/2012 80

1 ATWELL CRT 4 2 2 406 R20/25 $595,000-$610,000 $595,000 20/07/2012 3

7 ATWELL CRT 3 1 1 746 R20/25 From $549,000 $550,000 12/09/2012 19

9 ATWELL CRT 4 1 2 746 R20/25 $569,000-$589,000 $550,000 28/04/2012 85

11A BARCLAY RD 4 3 2 384 R20/25 $779,000 $750,000 06/06/2012 27

13 BELLAIRS RD 3 1 1 754 R20/25 AUCTION $570,000 23/06/2012 36

17 BELLAIRS RD 3 3 2 1,258 R20/25 $860,000-$920,000 $850,000 18/09/2012 19

18 BERSICA CRT 3 1 1 733 R20/25 $499,000 $470,000 24/07/2012 98

4 CAMERON WAY 3 2 2 817 R20/25 N/A $685,000 18/05/2012 0

6 B CAPPER PL LAND 320 R20/25 From $329,000 $297,500 27/05/2012 360

6 CHRISTENSEN ST 3 1 1 683 R20/25 EOI $546,000 25/04/2012 27

2 CLIFTON CRT 4 2 2 732 R17.5 From $689,000 $670,000 18/06/2012 96

10 CUSACK WAY 4 2 2 717 R17.5 $749,000-$789,000 $774,000 17/06/2012 142

1/11 DALSTON CRES LAND 374 R20/25 POA $330,000 20/08/2012 21

39 DAVIES CRES 3 1 1 749 R20/25 $680,000 $662,500 14/07/2012 26

7 DIAMOND PL 3 2 2 N/A R20 From $499,000 $500,000 12/05/2012 31

9 DUGGAN CRT 3 1 1 977 R20/25 $629,000-$649,000 $610,000 13/08/2012 95

8 ELLIS RD 3 2 2 365 R20/25 From $620000 $585,000 15/06/2012 39

7/74 GILBERTSON RD 3 2 1 196 R50 From $480,000 $475,000 11/08/2012 N/A

124 GILBERTSON RD 3 3 2 322 R20/25 $619,000 $590,000 16/07/2012 14

5 GILLETT DR 4 2 2 685 R20 From $599,000 $620,000 06/07/2012 68

29 HADLEY GDNS 3 1 2 693 R20 From $525,000 $535,000 29/06/2012 13

35 HADLEY GDNS 4 2 1 714 R20 From $600,000 $620,000 12/04/2012 80

1/12 KARDINYA RD 3 1 1 N/A R20/25 $509,000-$529,000 $510,000 06/04/2012 8

22 KINGSTON PL 4 2 2 702 R20/25 POA $675,000 29/05/2012 4

28 KINGSTON PL 4 2 2 700 R20/25 $649,000 $640,000 29/08/2012 6

37 KINGSTON PL 4 2 1 701 R20/25 $659,000 $645,000 01/05/2012 68

55 LE SOUEF DR LAND 759 R17.5 From $599,000 $589,000 17/07/2012 71

88 LE SOUEF DR 3 2 2 722 R20 $749,000 $682,000 26/04/2012 49

43 MANNION WAY 3 1 1 690 R20 $529,000 $510,000 16/04/2012 281

23A MARITIME AVE 3 1 2 363 R20/25 $459,000 $463,000 18/06/2012 6

29A MARITIME AVE 3 1 1 N/A R20/25 From $399,000 $400,000 30/08/2012 7

10 MCBETH WAY 4 1 1 898 R20/25 $589,000 $570,000 09/06/2012 40

2B MCKLEERY ST 4 3 2 323 R20/25 $555,000 $555,000 15/05/2012 186

3 MEADOW CL 4 2 2 600 R20/25 POA $605,000 22/05/2012 38

5 MONTEREY CRT 4 2 1 809 R20/25 From $599,000 $595,000 06/07/2012 22

12A MONTEREY CRT 3 1 1 491 R20/25 $499,000 $494,000 12/08/2012 18

12B MOUNSEY ST 2 1 1 N/A R20/25 $389,000 $345,000 14/04/2012 12

4B OCHILTREE WAY 2 1 1 71 R20/25 $389,000 $389,000 09/05/2012 1

2 PIERCY COURT 3 1 1 417 R20/25 From $400,000 $411,000 24/04/2012 173

31 PIERCY WAY 3 1 1 754 R20/25 From $530,000 $530,000 14/07/2012 14

7/6 PINEWOOD AVE 3 1 1 177 R80 $370,000 $365,000 03/06/2012 13

40 RANFORD LOOP 4 2 2 701 R20/25 POA $645,000 11/06/2012 5

10 ROBERTSON RD 4 2 2 774 R20 $699,000 + $687,000 24/04/2012 85

2A SOMERSET RISE 3 1 1 382 R20/25 From $499,000 $510,000 01/06/2012 15

2/47 SOUTH ST 2 1 1 406 R20/25 $349,000 $330,000 20/06/2012 70

17/1 STANBURY PL 3 1 1 153 R80 $390,000-$410,000 $390,000 18/07/2012 114

13 STONE CRT 3 1 2 749 R20/25 $565,000 $535,000 05/06/2012 48

15 STONE CRT 4 1 1 749 R20/25 $579,000 $575,000 12/07/2012 29

17 SULLIVAN WAY 5 2 2 350 R20/25 AUCTION $530,000 20/04/2012 47

6 SWEENEY ST 4 1 1 729 R20/25 POA $560,000 18/07/2012 8

2/1 TINTAL PL LAND 337 R20/25 POA $362,000 04/04/2012 21

84 TOWNSING RD 3 2 2 804 R17.5 From $740,000 $750,000 31/05/2012 53

14 URWICK CRT 3 2 2 757 R20/25 $679,000 $500,000 23/05/2012 N/A

4A WALKER CRT 3 1 2 352 R20/25 $449,000-$479,000 $450,000 29/07/2012 4

10 WALKER CRT 3 1 1 769 R20/25 From $599,000 $570,000 28/06/2012 7

22 WESTON WAY 4 2 2 725 R20 $589,000-$629,000 $589,000 23/04/2012 28

25 WESTON WAY 4 1 2 714 R20 N/A $535,000 18/07/2012 0

6 WILLIAMSON RD 3 2 2 401 R20/25 POA $650,000 23/05/2012 0

11A WILLIAMSON RD 3 2 2 446 R20/25 $539,000-$569,000 $535,000 05/07/2012 25

1C WINDELYA RD 2 1 1 72 R20/25 From $290,000 $285,000 05/04/2012 113

170 WINTERFOLD RD 4 1 1 719 R20 From $489,000 $480,000 23/07/2012 50

Kardinya’s Last 6 Months Sales Performance

“Western Australia’s Premier Real Estate Group”

Phone: 08 9331 9700

Mobile: 0438 374 255

E-mail: richard.carter@acton.com.au

Richard Carter

Want to know your net equity?

Professional factual market opinions provided so you know exactly where you stand. For your complimentary update simply give me a call. All it takes is 10-15 minutes of your time and I will provide you with a written assessment of your home. In today’s uncertain times it’s even more important to know where you stand!

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ACTON SOUTHERN SUBURBS Suite 4 Kardinya Commercial Centre. Corner of South St. & Gilbertson Rd Kardinya W.A 6163