FREO EF­FECT FOR NEARBY SUBURBS

Fremantle Gazette - - RESIDENTIAL -

SPRING is here and along with the weather, the Perth prop­erty mar­ket is show­ing signs of warm­ing up.

With its glo­ri­ous beaches, eclec­tic mar­kets and pop­u­lar cafe strip, Fre­man­tle has al­ways been an en­vi­able area to buy in to.

But ac­cord­ing to lo­cal agent Cristina Ber­tone from The Agency, it’s the sur­round­ing suburbs which are fast be­com­ing pop­u­lar choices for those want­ing to live close to Fre­man­tle with­out the price tag.

In the lat­est Fre­man­tle Gazette REIWA re­port, Hamil­ton Hill was the top-sell­ing lo­cal sub­urb, with 15 sales in the four weeks to Au­gust 28.

“Suburbs like Hamil­ton Hill, Hil­ton, Wil­lagee and Spear­wood are very pop­u­lar amongst first-home buy­ers,’’ Mrs Ber­tone said.

“I think es­pe­cially where I’m sell­ing there are no real is­sues for buy­ers as long as you price the home cor­rectly.

“All the suburbs neigh­bour­ing Fre­man­tle are pop­u­lar be­cause they are in a great lo­ca­tion close to Fre­man­tle and they are af­ford­able.

“If you are think­ing of growth in the fu­ture then it’s smart to buy into ar­eas such as Hamil­ton Hill; that’s what I’ll be telling my kids when they are ready to buy.”

Born and bred in the lo­cal area, Mrs Ber­tone lived in Hamil­ton Hill for the first 10 years of her life be­fore grow­ing up in Spear­wood.

These ar­eas pre­sented ex­cel­lent value for money, with older homes which could be ren­o­vated to your lik­ing.

“I re­cently sold two Queens­lan­der-style prop­er­ties in Hil­ton in less than a week on the mar­ket and both had a lot of in­ter­est; one prop­erty in par­tic­u­lar has six con­tracts,’’ she said.

Gen­er­ally priced be­tween $360,000 and $404,000, Mrs Ber­tone said these older 2x1 homes rep­re­sented great value and a buyer could spend an­other $100,000 and cre­ate a fab­u­lous home for them­selves.

“Buy­ers pre­fer the older prop­er­ties these days; maybe it’s all the ren­o­va­tion shows, but they are will­ing to give it a go,” she said.

Most prop­er­ties are on 350490sq m front blocks which have pre­vi­ously been di­vided.

Mrs Ber­tone said spring was a great time to sell and buy.

“I sell year-round but I find spring is a good time be­cause the gar­dens look bet­ter, lawns are greener and it’s just a good time of year,’’ she said.

“In a few months peo­ple will start to think of Christ­mas and the mar­ket gen­er­ally isn’t as pop­u­lar as it is now.”

Mrs Ber­tone said sellers should de­clut­ter, fix leaks and en­sure the gar­den was tidy.

This Hil­ton home at­tracted great in­ter­est and sold for $417,000.

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