West­ern suburbs stand up well

Western Suburbs Weekly - - Residential -

WHILE the Perth me­dian house price has had its ups-and-downs over the past 12 months and houses are tak­ing more than 60 days to sell on av­er­age, some suburbs are bucking the trend, with quick sales and strong price re­sults.

Su­bi­aco agency The Prop­erty Ex­change has seen high de­mand for houses in Su­bi­aco, sell­ing sev­eral prop­er­ties quickly in the “quiet” hol­i­day sea­son.

Di­rec­tor Niki Peinke said homes priced be­tween $700,000 and $1.5 mil­lion were sell­ing very quickly.

“We sold a three-bed­room, two-bath­room home on Ru­pert Street at its first home open, with 65 groups view­ing the prop­erty, and four written and two ver­bal of­fers re­ceived,” she said.

“A three-bed­room, one bath­room home on Su­bi­aco Road sold within a week just be­fore Christ­mas and we have other prop­er­ties com­ing on to the mar­ket that are ex­pected to sell within a week.”

Other ar­eas of the west­ern suburbs were also see­ing sim­i­lar suc­cess.

Wil­liam Por­te­ous Prop­er­ties In­ter­na­tional di­rec­tor Peter Robert­son said the mar­ket in Dalkeith, Nedlands and Clare­mont had been very ac­tive, with his agency clos­ing a rel­a­tively high num­ber of sales at the end of 2016.

“There is al­ways high de­mand for en­try-level prop­er­ties in all three suburbs as peo­ple seek good value in a well-lo­cated home that is live­able, with the up­side for up­dat­ing, ei­ther be­fore mov­ing in or whilst liv­ing there,” he said.

“We have also seen a lot of in­ter­est in the pre­mium end of the mar­ket across these suburbs, with high-end homes of five years or less at­tract­ing a lot of in­ter­est from cashed-up buy­ers look­ing for the right home that is a turn-key so­lu­tion for their fam­i­lies.

“This in­ter­est is from both lo­cal and in­ter­na­tional buy­ers.”

Mr Robert­son said the $1.8 mil­lion to $2.2 mil­lion price range in Dalkeith in par­tic­u­lar was in de­mand across De­cem­ber and Jan­uary.

“Buyer ac­tiv­ity is ex­tremely high, look­ing for bar­gains in Dalkeith and Nedlands in this price bracket,” he said.

“There was over­whelm­ing in­ter­est for a home in Melvista Av­enue, Dalkeith, and it sold for $2.2 mil­lion, with mul­ti­ple of­fers re­ceived.

“Al­though a lit­tle higher, a home in Vic­to­ria Av­enue, Dalkeith, re­cently sold for $5.5 mil­lion.

“It had been on the mar­ket for an ex­tended pe­riod of time and again, across De­cem­ber/Jan­uary, we saw a com­plete re­fresh of past and present buy­ers look­ing to get into Dalkeith.”

Ms Peinke said not every sub­urb or prop­erty types were ex­pe­ri­enc­ing the same de­mand and buy­ers and sell­ers needed to make sure they un­der­stood their lo­cal mar­ket.

“Gen­er­ally sell­ers are be­ing por­trayed as des­per­ate to sell, with buy­ers hold­ing all the cards, but this was not true across the board,” she said.

“That might be the case for apart­ments; in some cases there is a large sup­ply of them at present, but not for houses in a cer­tain price range.

“Buy­ers who wait are miss­ing out and if peo­ple are in­ter­ested in a house, we rec­om­mend they view it as soon as pos­si­ble as in this mar­ket they can­not as­sume it will still be around a week later.”

Mul­ti­ple of­fers were re­ceived for this Dalkeith home.

Niki Peinke

Peter Robert­son

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