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Smooth transition for Helen & Roger

Making the decision to transition into retirement living was helped to be happy and seamless for Helen and Roger, thanks to the work of St Ives Realty’s Sales Consultant, Roy Paxton.

The couple recently made the decision to purchase a villa at St Ives Murdoch retirement village, so listed their family home for sale with St Ives Realty.

Helen and Roger were thrilled to sell their home to a young family, who they hope will enjoy living there as much as they did.

To discuss your buying or selling your property with a smooth transition, just like Helen and Roger, speak to us! View our other recent sales here or check our latest listings here.

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House prices lift to finish 2016

5 January 2017

Source : reiwa.com

 

According to REIWA, Perth’s median house price increased by nearly two per cent in the three months to December 2016. The results show that sectors of the market are recovering and strengthening.

Perth properties for sale

REIWA President Hayden Groves said reiwa.com data showed the median house price had lifted 1.9 per cent to $535,000 over the three month period.

“This is the second month in a row that we’ve seen an increase in the median house price, which is a welcome trend and suggests that the trade-up sector of the market is recovering.

“Since the second half of 2016, we’ve seen prices across the metro area start to lift on a monthly basis. If you’re a buyer waiting for the ‘bottom of the market’, you would be wise to make a buying decision soon should this trend continue.

“The benefit of buying now is that there is currently less competition from other buyers, so you’re more likely to find a home or investment property that genuinely meets your needs,” Mr Groves said.

Listings for sale in Perth experienced an 11 per cent decline in December, with 13,883 listings recorded in the metro area.

“It’s not unusual for listing volumes to drop off in December as the market tends to be quieter over the festive period. More significantly though, listings in December 2016 were three per cent lower than in December 2015 which is a good indication that we’ve seen supply peak,” Mr Groves said.

Perth rental properties

In line with seasonal trends, leasing activity in Perth’s rental market moderated slightly in December, dropping back two per cent over the month. However, when compared to December 2015, activity has escalated by a noteworthy 27 per cent.

“We expect to see a slowdown in leasing activity across the month as people prepare for the holidays, so a two per cent drop isn’t a concern. The hike in the number of properties leased on an annual basis however is very pleasing and there’s been a significant increase compared to the same time in December 2015.

“Despite listings for rent remaining above the long term average, tenants are still very active in the market and recognise they have good choice to secure a home at a competitive price,” Mr Groves said.

Another positive sign for the Perth rental market is that the median house and unit prices remained steady over the three months to December 2016, holding at $380 and $340 per week respectively.

View the breakdown below (for week ending 3 January 2017) or to browse St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.

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Christmas Sales Update

21 December 2016

Source : reiwa.com

Leading up to Christmas, there was a four per cent decline in sales activity in Perth for the week-ending 20 December 2016. According to REIWA, 528 transactions were recorded.

The decline, which was likely influenced by the upcoming holiday season, was because of a 10 per cent decrease in house sales.

Unit sales experienced a notable 26 per cent increase in sales, while vacant land sales were stable.

Listings for sale

The total number of properties for sale in Perth declined by two per cent this week to 15,092.

Listings for all houses, units and vacant land decreased by two, three and two per cent respectively over the week.

The total number of listings recorded this week is three per cent lower than four weeks ago and two per cent higher than the same time last year.

Perth rental market

REIWA members reported that the total number of properties for rent in Perth was stable over the week, holding at 10,506. This is one per cent lower than four weeks ago and 13 per cent higher than the same time last year.

Take a look at the breakdown for late December (week to 20 December 2016) or to view St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.

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Perth metro sales increase

22 November 2016

Source : reiwa.com

According to the Real Estate Institute of WA, real estate sales activity in the Perth metro area lifted 17 per cent over the week (to 22 November), with an impressive 659 transactions recorded.

The lift can be attributed to a 15 per cent increase in house sales, an 11 per cent lift in unit sales and a 49 per cent increase in vacant land sales.

Listings for sale

The total number of properties listed for sale in Perth increased by one per cent this week.

Listings for houses and vacant land both increased by one and two per cent respectively, while unit listings were unchanged over the week.

The total number of listings recorded this week is four per cent higher than four weeks ago and eight per cent lower than the same time last year.

Perth rental market

REIWA members reported that the total number of properties available for rent in Perth remained stable over the week at 10,667.

This figure is one per cent lower than four weeks ago and 15 per cent higher than the same time last year.

Take a look at the breakdown for late November (week to 22 November 2016) or to view St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.

 

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House sales down while vacant land lifts

26 October 2016

Source : reiwa.com

Late October saw overall sales activity in Perth drop by four per cent.

According to the Real Estate Institute of WA, the change was attributed to a six per cent decrease in house sales, while sales for units remained stable and vacant land sales experienced a healthy 14 per cent increase.

Listings for sale

The total number of properties for sale in Perth lifted two per cent this week, to 14,948.

Taking a closer look, listings for units, houses and vacant land increased by one, two and three per cent respectively.

The total number of listings recorded this week is four per cent higher than four weeks ago and eight per cent lower than the same time last year.

Perth rental market

REIWA members reported that the total number of properties for rent in Perth increased marginally by one per cent to 10,594 this week.

This figure is one per cent lower than four weeks ago and 22 per cent higher than the same time last year.

Take a look at the breakdown for late October (week to 25 October 2016) or to view St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.

 

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Perth rental market rebounds as lease prices dip

Source : perthnow.com.au

 

Leasing across Perth’s rental market increased by 17 per cent in August, according to new data from the Real Estate Institute of Western Australia.

All five sub-regions had a rise in leased properties last month and the biggest increases were in the Central and North West areas, which were up 19 and 17.4 per cent, respectively.

REIWA president Hayden Groves said the surge in activity was coupled with a three per cent drop in properties available to rent.

“Although WA’s population growth has slowed in recent times, there has been a small lift in overseas migration into the state,” he said.

Cheaper rentals were allowing share-house tenants to move out on their own, Mr Groves said.

Perth’s overall median rent price dropped $5 to $375 in the three months to August.

“The median house price rent in Perth came in at $380 for the three months to August, while the median rent price for units was $350 per week,” Mr Groves said.

“Perth tenants continue to have plenty of choice in the market and are in a good position to secure a rental lease at a more affordable price.”

To find out the potential value of your rental property, request a free appraisal with us or speak to one of our expert property managers. Contact us today.

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Perth real estate market snapshot

Week ending 30 August 2016

Source : reiwa.com

 

Sales activity in Perth dropped off three per cent this week, to record 545 transactions from 563 last week.

This decrease in activity can be attributed to an 11 per cent drop in house sales, however unit and land sales were up by 29 and 22 per cent respectively.

Listings for sale

The total volume of properties for sale in Perthwas unchanged again this week in percentage terms, coming in at 14,084.

Listings for houses increased by one per cent over the week, while unit and land listings were stable.

The total number of listings recorded this week is similar to levels recorded four weeks ago and is one per cent higher than at the same time last year.

Perth rental market

REIWA members reported that the total number of properties for rent in Perth decreased marginally by one per cent to 11,083.

This figure is two per cent lower than four weeks ago and 34 per cent higher than at the same time last year.

Take a look at the breakdown of the past week:

Rental update reiwa

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Housing affordability continues to improve in Perth

Source : reiwa.com

 

Perth’s first home buyer market recorded healthy activity levels in the June 2016 quarter, with the bulk of sales transactions occurring in the $350,000 to $550,000 price bracket.

REIWA President Hayden Groves said Western Australia was in a unique position with the easing of property prices in recent times having made home ownership more accessible.

“Across the country, particularly in the Sydney and Melbourne metropolitan markets, first home buyers have found it increasingly difficult to secure their first home as prices continue to rise in those capitals.”

“We’re very fortunate in WA that home ownership is still accessible, supported in part by the Barnett Government’s transfer duty exemptions for first home buyers paying up to $430,000.” Mr Groves said.

Houses & Units

There was improved affordability across both houses and units in the June quarter.

Perth’s preliminary median house price retreated 1.4 per cent to $522,500 in the three months to June, while the median unit price declined 6.9 per cent to $406,000 from the revised March quarter median of $436,000.

“With the bulk of transactions occurring in Perth’s lower quartile, it’s not surprising that house and unit medians have come in lower over the quarter,” Mr Groves said.

Listings for Sale

There was a significant decline in listing volumes in the June quarter, with the number of properties for sale in the metro area dropping 7.3 per cent to 14,159, from 15,269 in the March quarter.

“While home buyers and investors can be choosy in this market, it’s pleasing to see signs of stability with listing numbers declining in the three months to June,” Mr Groves said.

Sales Volumes

Preliminary sales volumes for the state came in at 5,858 for the three months to June.

Mr Groves said he expected the revised dwelling sales figure for the June quarter to lift to around 8,200 in the coming weeks as more transactions settled.

“For example, the March quarter preliminary dwelling sales data was 5,852, but was then later revised up to 9,061 transactions,” Mr Groves said.

Selling Days & Discounting

It was two days quicker to sell a property in the June quarter, with the average selling days sitting at 64 days.

Mr Groves said the number of vendors having to discount their asking price had also improved indicating sellers now had a better understanding of the market conditions.

“Homes that are priced correctly for the market from the start are selling quicker. It’s important sellers listen to the advice of their agent and don’t have unrealistic pricing expectations,“ Mr Groves said.

Rental Market

Perth’s rental market presented some challenges for investors in the June quarter, with listings for rent exceeding 11,000 and leasing activity declining five per cent.

“It is apparent those vendors not able to reach their desired selling outcome have now chosen to list their property for rent, a circumstance attributing to the increase in rental stocks this quarter,” Mr Groves said.

This increase has put some downward pressure on rent prices with house and unit median rent prices dropping $10 each over the quarter to $395 and $365 per week respectively.

Post 2 pic - credit Jarrad Seng

Perth voted 7th ‘most liveable’ city — up one spot from last year

Source : PerthNow

WE LOVE it, now Perth has been voted the seventh “most liveable’’ city in the world, with Melbourne taking top spot and Adelaide in the top five.

Melbourne, Australia’s sporting and arguably cultural home, again topped the charts, named the Most Liveable city in the world.

Based on lifestyle factors such as political stability, healthcare, culture and environment, education and infrastructure, Melbourne topped for the charts for the sixth year running.

Sydney, plagued by soaring house prices, failed to make the Top 10, despite it’s obviously attractive lifestyle, if you can afford a house.

Premier and Tourism Minister Colin Barnett said: “Perth is a vibrant city with clear skies, fresh air and beautiful beaches, where people can still enjoy the benefits of a modern, sophisticated city and a relaxed lifestyle.

“When you look around the world where else would you get the kind of health care and education standards that are delivered in WA.”

Port Moresby, one of our nearest neighbours, got a berth in the World’s Worst.

Perth Lord Mayor Lisa Scaffidi said Perth’s unique features make it an idyllic place to live, work, or visit.

“The face of the Perth has transformed significantly in recent years, and we are proud to see a long-term vision for our capital city coming to fruition,’’ Mrs Scaffidi said.

“With our rich history of arts and culture, iconic beaches and enviable weather, Perth — and greater Western Australia — offers unique experiences to make it an idyllic place to live, work, or visit.

“The City has worked alongside key stakeholders as a driving force in the revitalisation of new urban neighbourhoods, with our state-of- the-art Library a catalyst for the revamped Cathedral Square precinct.

“Furthermore, the City’s investment in public art, street and laneway enhancements has transformed the public realm, lending character to Perth’s urban fabric and making it an attractive destination for new venues, businesses, events and activation projects.’’

Perth’s seventh place, just behind Adelaide and Calgary, was a one-place improvement on 2015.

THE MOST LIVEABLE CITIES IN THE WORLD

1. Melbourne — 97.5 out of 100
2. Vienna — 97.4
3. Vancouver — 97.3
4. Toronto — 97.2
5/6. Adelaide and Calgary — 96.6
7. Perth — 95.9
8. Auckland — 95.7
9. Helsinki — 95.6
10. Hamburg — 95.0

Read full story on PerthNow