marron west real estate property report issue#1 2016

Crawley, Dalkeith & Nedlands.

Residential Property Report Issue #1 2016

With 2016 firmly underway there is still a lot of talk about how the property market place is going to change and how it is going to perform over the next twelve months.

So, how is the property market looking for 2016?

While many will look at the past results as an indication of the future, I believe one of the truest and best indicators of how the property market is actually shaping up will get overlooked. That indicator, that barometer for change, is buyer activity. That is how many buyers are enquiring about properties and then inspecting them. It is also how many buyers are making offers, bidding at auction and, very tellingly, how many buyers are going to contract.

Right now activity is stronger than expected and some agents coming back from their extended holidays have been caught off-guard. The fact that inspection numbers, bidder numbers and the number of offers being made are up increases confidence in the market, and in general there is a sense of optimism. Should this positive sentiment remain throughout 2016 then we would expect it to translate to some price stability for our local residential markets.

All the best,

Adam DjordjevicSenior Sales Executive0417 771 090 I [email protected]

Rhett MarronLicensee0421 631 116 I [email protected]

MARRON REAL ESTATE WEST 134c Stirling Hwy, Nedlands WA 600908 9386 8614 I marron.com.au

Trust in the experience of genuine local experts

Boutique experts & service driven.

Marron Real Estate West is a boutique, family owned real estate agency with a proud history extending 45 years specialising in the sale of residential and commerical properties in Perth’s western suburbs, particularly Crawley, Dalkeith and Nedlands.

Experts in property sales, property settlements and property law, Marron Real Estate West can offer you unparalleled expertise that quite simply goes far beyond the services offered by other local agents.

Hence our motto: “Beyond Just Real Estate Agents”.

Over the years, Marron Real Estate West’s primary source of business has been from referrals and repeat clients, which is a great indicator of how much clients of Marron Real Estate West appreciate the level of service and results produced.

Proud members of the local community.

The entire team at Marron Real Estate West are proud locals that love living and working in such a thriving and vibrant community.

As local property experts, with an intimate knowledge of what is going on in the residential market place, the team are able to offer you invaluable insights into new developments, changes to local planning, what is driving the market and how that can work to your advantage.

In order to take advantage of their professional, friendly and highly diversified skills and experience, call the team today!

MARRON REAL ESTATE WEST I 08 9386 8614

CrawleyNUMBER OF SALES

14 sold

MEDIAN SALE PRICE

$767,500

HIGHEST SALE PRICE

$2.20 million

LOWEST SALE PRICE

$325,000

AV. TIME ON MARKET

57 days

NUMBER FOR SALE

24 properties

Sales statistics & the top ten residential property sales: 1st Quarter, 2016

Street Address Bed Bath Car Land Size Sale Date Sale Price

1 1G/173 Mounts Bay Road 3 2 1 - Feb-16 $2,200,000

2 50/3 Park Avenue 3 2 2 175m2 Feb-16 $1,500,000

3 9 Myers Street 4 2 2 238m2 Mar-16 $1,025,000

4 5/14-18 Kings Park Avenue 3 1 1 190m2 Feb-16 $900,000

5 2/14-18 Kings Park Avenue 3 1 1 190m2 Jan-16 $885,000

6 2W/16 Kings Park Avenue 3 2 2 - Jan-16 $885,000

7 4/8 Wingfield Avenue 3 2 2 148m2 Feb-16 $785,000

8 12/5 Park Avenue 3 1 2 143m2 Mar-16 $750,000

9 3/228 Hampden Road 6 1 1 199m2 Jan-16 $680,000

10 1/153 Fairway 2 1 1 55m2 Jan-16 $547,500

Dalkeith


NUMBER OF SALES

11 sold

MEDIAN SALE PRICE

$2.35 million

HIGHEST SALE PRICE

$3.30 million

LOWEST SALE PRICE

$1.50 million

AV. TIME ON MARKET

85 days

NUMBER FOR SALE

30 properties


1 28 Brockman Avenue 5 4 4 1012m2 Feb-16 $3,300,000

2 45 Circe Circle North 5 3 3 1012m2 Mar-16 $3,100,000

3 2 Robert Street 5 4 3 827m2 Mar-16 $2,815,000

4 38 Minora Road 4 2 4 1115m2 Jan-16 $2,425,000

5 48 Viking Road 5 2 2 1146m2 Jan-16 $2,360,000

6 40 Brockman Avenue 4 2 2 1208m2 Feb-16 $2,350,000

7 73 Viking Road 4 3 2 1012m2 Mar-16 $2,133,300

8 48 Gallop Road 4 3 2 1103m2 Feb-16 $1,950,000

9 143 Waratah Avenue 4 2 3 1164m2 Feb-16 $1,800,000

10 1 Robert Street 3 2 2 809m2 Feb-16 $1,700,000

Nedlands


NUMBER OF SALES

32 sold

MEDIAN SALE PRICE

$1.41 million

HIGHEST SALE PRICE

$3.00 million

LOWEST SALE PRICE

$421,000

AV. TIME ON MARKET

63 days

NUMBER FOR SALE

44 properties


1 43 The Avenue 4 3 4 482m2 Jan-16 $3,000,000

2 57 Carrington Street - - - 696m2 Feb-16 $2,431,000

3 48 Florence Road 5 2 3 1012m2 Mar-16 $2,400,000

4 102 Dalkeith Road 4 4 2 981m2 Jan-16 $2,300,000

5 13 Quadrangle Place 5 3 2 710m2 Feb-16 $2,250,000

6 28 Florence Road 5 2 2 1012m2 Feb-16 $2,200,000

7 2 Edward Street 5 3 2 554m2 Feb-16 $2,120,000

8 57 Doonan Road 4 2 2 1099m2 Jan-16 $2,025,000

9 5 Loftus Street 5 3 1 697m2 Mar-16 $2,000,000

10 21 Archdeacon Street 5 4 2 809m2 Mar-16 $1,832,500

Rental Market Update

Some of the benefits of having Louise on your side, as your property manager are:

• Directors oversee all Property Management operations on a daily basis;

• We offer a single point of contact for all your needs – your dedicated property manager Louise looking after every aspect of your investment;

• We have long standing relationships with reliable, trustworthy and cost-effective tradespeople;

• Efficiency and attention to detail;

• A hands on approach with clear lines of communication; and

• Central office – the heart of Nedlands positioned to service both inner city, western and outer fringe suburbs.

We here at Marron Real Estate West appreciate that your investment property is an incredibly valuable asset and we hold the trust of our clients above all else.

Our commitment is to ensure that the highest level of service, communication and ethical standards are upheld at all times and that is why we can advertise our statistics proudly.

0% • Rent Arrears;• Vacancy Rate; &• Tenancy Tribunal Attendance.

Louise Laraia I Business Development Manager0403 210 061 I 08 9386 [email protected] Stirling Hwy, Nedlands WA 6009marron.com.au

Perth rental prices continue to fall but worst may be over, report suggests. By Eliza Laschon

Rental prices have again dropped in Perth but there are signs the worst may be over for the market, the latest quarterly rental report from Domain suggests.

Perth house rents have dropped 8.9 per cent over the past 12 months, with the median weekly price sitting at $410 in the December quarter.

The median unit price has also dropped to $350 per week from $360 over the quarter, taking the fall for the past year to over 10 percent.

The figures are in stark contrast to cities including Melbourne, Adelaide Hobart and Canberra where house rents surged to new record highs. Sydney house rents

also remained at record highs, but unit rents are falling, the report found.

Domain chief economist Andrew Wilson said the continuing slump in Perth was good news for tenants. “Unfortunately for investors and landlords, the Perth rental market remains weak, with low demand continuing to push rents down sharply,” he said.

“There’s strong competition amongst investors for tenants in the market place who have a wide choice of properties.”

“Issues such as rents and the quality of the tenant are confronting investors in the Perth market and that will only act ... to constrain investors moving into the Perth market this year.”

Introducing Louise Laraia

Louise has a reputation for setting rental precedents and helping increase the value of your investment property.

Residential Property Report Issue #1 2016

Your local Crawley, Dalkeith & Nedlands experts; Adam, Rhett & the Team will have you sold faster so you can celebrate sooner. Call them today.08 9386 8614 marron.com.au

marron west real estate property report issue#1 2016

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