Fast-paced sales continue, more stock anticipated…

The good news is, our appraisals are supporting our expectation that more sellers will look to bring their properties to market once the school holidays finish and children return to school next week.

For buyers, we continue to advise you to set yourself up for success in securing your dream home by knowing how much you can spend (your budget or shopping range), having your finance organised (getting pre-approval), having a good deposit accessible, acting swiftly when new opportunities come to market (prioritise buying by getting to the first home open) and when you do find the right property, let the agent know you’ve got strong interest, step up and submit a strong offer.

For homeowners contemplating selling in 2024, with demand and results continuing to prove very strong, please reach out to get an understanding of what you might be able to achieve by engaging White House to help nurture your next move.

THE LOCAL MARKET

We are starting to see a slight increase in the number of listings available for sale as January marches on. REIWA is reporting there were 3,864 properties for sale at 21st January 2024, which is a 1.9 percent increase from the week prior. Despite this modest increase, this current figure is 2.8 percent lower than numbers seen four weeks ago and remains a whopping 46.8 percent lower than this time last year. The total number of properties for sale includes 2,020 houses, 1,072 units and 772 blocks of land. There was a strong increase in turnover as property sales saw 34.1 percent increase to 830 compared to the previous week, which was only slightly higher than last year, with this being just 1.1 percent higher than the number of sales seen 52 weeks ago.

Over the past seven days, the team at White House have put two properties under offer – one in Beaconsfield and one in Mosman Park, both in less than seven days on the market and with multiple offers.

We had a remarkable 70 groups through the first home open of the beautiful limestone home at 24 Moran Court, Beaconsfield. A second home open was organised for Monday twilight and the swiftly went under offer. Our Buyers & Sellers are thrilled!

The classic renovated and extended weatherboard beauty at 11 Fairlight Street in Mosman Park attracted strong interest at the first home open was quickly secured by a local buyer after just five days on the market!

FRESH TO MARKET

We are delighted to continue to replenish our stock having launched two new listings to the market in Fremantle this week:

FREMANTLE

With a central Fremantle location and beautiful ocean views in the distance, 806/23 Adelaide Street is a neat and secure apartment that offers an abundance of options -whether you’re a first home buyer, investor seeking a long term rental or short holiday lets, or simply want to live in the heart of this vibrant, portside city. Head up to the 8th floor with access via a security gate and private lift for residents only and enter this light and bright apartment that has been tastefully updated in recent years. The property is priced in the low $300,000s and available to view for the first time Monday the 29th of January from 6-6:30pm.

FREMANTLE

Secluded at the rear, this charming home is a rare combination of airy openness and private retreat, in a lovely community street of wide verges and tall trees. 92A Forrest Street is a two-storey contemporary home composed of rendered brick, with lofty ceilings, timber features, French doors, north-facing open plan, and lots of light. Featuring four bedrooms, three bathrooms, a stand-alone office and a wonderfully shaded outdoor area, this is a welcoming home full of personality and practicality situated in a wonderful neighbourhood within the East Fremantle Primary and John Curtin College of the Arts catchments, walking distance to parks, sporting facilities, cafes and close to Fremantle’s attractions. Anticipating buyer interest starting in the $1,200,000s. Open to view Saturday the 27th of January from 12-12:30pm.

NORTH COOGEE

Located less than 100 metres from the beachfront, with dreamy ocean views and adjacent to the world-class Port Coogee Marina precinct, is a prestigious 180m2 allotment at 10 Napoleon Parade, with north facing rear is set within a highly coveted enclave at the award-winning North Coogee Residential Estate. This idyllic land opportunity offers a standard of seaside living that dreams are made of. Now priced From $729,000.

DEPARTMENT OF PROPERTY MANAGEMENT

There were 1,996 properties listed for lease according to REIWA for the week ending 21st January 2024. This figure is 2.1 percent higher than the week prior and a 32.2 percent increase from four week ago. REIWA also reported a 14 percent increase in the number of properties leased, taking that figure to 471.

The Property Management team are still witnessing strong demand for rental properties. Many people are choosing to bring their properties to market now because of this heightened demand.

If you have been considering leasing your property or would like to know more about the White House Way, please get in touch with Monique Malarowski on 0418 228 524 monique@whitehouseproperty.com.au or Veda Spence on 0499 171 457 veda@whitehouseproperty.com.au They will be delighted to help you.

And good news for prospective tenants as we have four new properties available for lease:

FREMANTLE

Embrace the “New York” loft-style living in this stunning 2-bedroom, 2-bathroom second-floor apartment located in the iconic “Heirloom” complex. 148/51 Beach Street boasts a perfect blend of heritage charm and modern urban living. This residence offers secure, low-maintenance, lock-up-and-leave convenience with a lockable storeroom and CCTV security cameras throughout the complex. Key features include the spacious, open plan living, dining and kitchen area with brand new timber flooring throughout, electric cooking appliances as well as the enclosed balcony that offers sweeping harbour views.This property is available for lease from the 8th of March 2024, furnished, for $880 per week for a minimum 12-month lease. Applications accepted through 2Apply

Built in 1898, this unique 2-bedroom 1 bathroom residence with secure parking is the ideal home. 2/8 Collie Street is situated right in the heart of central Fremantle, opposite the beautiful Esplanade Park and within footsteps of glorious Bathers Beach, the Fishing Boat Harbour and so much more. Both bedrooms are generous in size, inclusive of a massive master that leaves more than enough room for a potential computer nook within. A separate study area can be whatever you want it to be, whilst the stylish bathroom has a shower, separate toilet, and twin “his and hers” vanities. There is a spacious residents’ entry courtyard to access the property with, which reveals a generous living and follows through to the separate kitchen. This property is available for lease from the 31st of January 2024, unfurnished, for $750 per week for a minimum 12-month lease. Applications accepted through 2Apply

MOUNT PLEASANT

Experience luxury and comfort in this beautiful, four-bedroom home at 24A Parkside Avenue. This spacious property exudes sophistication and elegance, featuring modern appliances, high ceilings, curtains, and sheers in every room. Stay comfortable year-round with ducted air conditioning and tinted windows that create a retreat from the outside world. Step outside to lush gardens, fully fenced for privacy and security, with fully reticulated landscaping. The location is ideal, with The Esplanade, Deepwater Point Reserve, and Dôme Café nearby. This property is available for lease from the 1st of March 2024, unfurnished, for $1,500 per week for a minimum 12-month lease preferred. It will be open to view this Saturday the 27th of January from 11-11:15am. Applications accepted through 2Apply.

PALMYRA

Experience the Palmyra lifestyle at 4/19 Goy Street, where you can savour leisurely weekends hosting gatherings with friends and family, all without being tethered to the demands of a high-maintenance garden. The three bedroom, one bedroom property is located in a tranquil cul-de-sac setting, split system air conditioning, an unfurnished layout, gas cooking facilities, a private undercover alfresco space, window roller shutters, a storeroom and a single lock-up garage. This property is available for lease now, unfurnished, for $650 per week for a minimum 12 month lease preferred. Applications accepted through 2Apply.

THIS WEEKEND