Happy New Year - Reflecting on 2023 and Embracing 2024
Happy New Year!
With many of our team still on leave as they spend precious time with their families and friends, today’s newsletter is from our Director of White House Property Partners, Stefanie Dobro
A NOTE FROM THE DIRECTOR
As we step into 2024, I wanted to take a moment to reflect on the incredible journey we’ve undertaken together over the past year. It’s been a remarkable chapter for White House Property Partners, and I am keen to convey my deepest gratitude to our exceptional team and to share some of our achievements.
First and foremost, I want to extend my heartfelt thanks to each member of our dedicated team – Katie, Louise, Catherine, Carlie, Connie, Adriana, Monique, Veda, Tara, Sophie, Georgia, Christie, and Jonathan. Their unwavering passion, dedication, and commitment to serving our clients with excellence and upholding our values and brand standards are hopefully felt by you – our clients.
In 2023, we collectively facilitated the sale of over $200 million worth of property, a testament to the hard work and determination of our team. This accomplishment reflects our team’s consistent efforts to go above and beyond in meeting the diverse needs of our valued clients.
Special recognition goes to our outstanding sales team and their stellar support staff. Connie Handcock, Stefanie Dobro, Louise Pope, and Carlie Baker have excelled in their respective areas, earning accolades as top-selling agents. Our expertise has positioned us as the go-to agents in Fremantle, East Fremantle, White Gum Valley, and North Coogee.
Beyond the numbers and the awards received, our most significant achievement lies in the impact we’ve had on people’s lives. Providing tailored advice, we’ve had the privilege of helping countless families, couples, and individuals navigate their real estate journeys, positioning them for success in achieving their goals. This we know is a great privilege and we are deeply grateful for the confidence placed in our team to help you.
In addition to our professional endeavours, we are proud to have made a positive difference through our contributions to St Patrick’s Community Support Centre, Kai Fella Foundation, Foodbank WA, the Salvos through REIWA’s Community Re-Invest program, and Breast Care WA, among others.
As we look ahead to 2024, we are eager to continue aligning hearts and homes and nurturing your real estate goals. We remain just a phone call, text, or email away, ready to assist you in your next move.
A heartfelt thank you to our clients for your continued trust and partnership. Here’s to another year of good health, happiness, growth, and meaningful connections!
THE LOCAL MARKET
While stock levels normally decrease over the Christmas and New Year period, we are seeing genuinely unprecedented low levels with no decrease in demand.
REIWA has released figures showing a significant plunge in the number of listings available for sale at the end of 2023. There were a mere 3,648 properties for sale at the 31st December, a remarkable 23.4 per cent lower than in November and a whopping 49 per cent lower than December 2022.
There were just 1,758 houses for sale at 31 December which is 51.4 per cent lower than 12 months ago, only 1,030 units for sale which was 44 per cent lower than December 2022 and a mere 860 blocks of land for sale which was also 49.1 percent lower than December 2022.
And with stock levels remaining low throughout 2023 compared to 2022, it comes as no surprise that cost of housing increased. REIWA is reporting Perth’s median house priced increased to $590,000 which was 8.3 per cent higher than a year ago while CoreLogic is reporting that Perth prices increased by 15.1 percent for the year. Whichever way you look at it, at the coalface we are seeing that strong demand aligned with very limited stock levels is driving continued price growth.
Speaking of strong demand, just yesterday we had one of our first home opens of the year and had a whopping 45 groups through the property just over 24 hours after going live.
Fortunately for buyers, we are anticipating that the number of listings will increase over the coming weeks. In the meantime, if you are thinking of selling please get in touch as we are here to help. If you are a buyer looking to offer, don’t mess about when you see the property you want to purchase. In this competitive market, success will require that you step up and give it your best shot.
The White House Team have put two properties under offer over the holidays – the lovely heritage home at 61 Attfield Street, Fremantle street sold post-Auction to a lovely local family and multiple buyers competed to secure the lovely family home at 524 Rockingham Road, Lake Coogee.
As always, if you’ve had any thoughts of selling or leasing in 2024, please don’t hesitate to reach out.
FRESH TO MARKET
While we are just days into the new year, we have just launched two new listings to the market this week.
BICTON
Set back high on the block with long valley views, this charming 1920s home at 17 Yeovil Crescent holds a commanding position in a curving street with the river close by. The traditional front veranda, high ceilings and jarrah floors evoke the character atmosphere, and recent renewal offers a fine kitchen and bathroom, open-plan living, and spacious outdoor entertaining. There’s plenty of lawn space for kids to run around at home, or you can stroll to local parks, down to the Bicton Baths for a swim, or take a picnic to the river. Shopping, cafes and fine local schools are all nearby, and the elevation creates an exceptional sense of openness in this lovely neighbourhood. We are anticipating buyer interest in the early $1 millions. The property will be open to view Saturday 6th January 11:00am-11:30am
FREMANTLE
Located within Freo’s cultural heart in the heritage-listed Woodsons building, this fashionably chic New-York-warehouse-style apartment conversion at 28/13 Cantonment Street is one of the Port City’s most iconic landmarks. Magnificent ceiling-to-floor Crittall-style windows overlook a central tropical courtyard while the lofty interior is flooded in natural light and cool minimalist style. Exposed beams, timber floors and open-plan living underscore the spacious appeal of this cleverly curated one-bedroom apartment. Walk within minutes to vibrant harbour side attractions, West End cafes, bars & hotels or meld into campus life at nearby Notre Dame University – this rare opportunity offers sought-after short-stay rental possibilities, or the perfect retreat for optimising eclectic Freo life. We are anticipating buyer interest in the high $400,000s. The property will be open to view Saturday 6th January 9:00-9:30am
DEPARTMENT OF PROPERTY MANAGEMENT
REIWA is reporting there were just 1,518 properties for rent in Perth at 31 December 2023. This figure is 21.3 per cent higher than four weeks ago and interestingly 4.7 per cent higher than this time last year.
If you are considering leasing out your property in 2024 demand is still very strong. Please feel free to contact Monique Malarowski on 0418 228 524 monique@whitehouseproperty.com.au or Veda Spence on 0499 171 457 veda@whitehouseproperty.com.au if we can assist you in any way.
And if you’re a prospective tenant, we have three new opportunities available for you including the following:
EAST FREMANTLE
Spaciously designed, the extensively expanded and renovated grand residence at 142 George Street is flawlessly presented, embodying the historical charm and character of a traditional early-twentieth-century home. Blending classic period features with luxurious modern amenities, this property offers a suburban haven where the family can relish ample space, and parents can unwind and entertain in elegance. The location is unparalleled, situated in the ever-appealing Plympton Ward, yet tucked away from the hustle and bustle of George St. Its limestone and wrought-iron fence beckon you into the beautiful front garden. This five bedroom, two bathroom property is available from 2 Feb 2024 for a 12 month minimum lease preferred. The asking price $1,350 per week
HAMILTON HILL
Nestled in a commanding corner position, the well-maintained family home at 2 Teece Place boasts a slightly elevated location, providing a tranquil atmosphere in a secluded cul-de-sac. With three bedrooms and two bathrooms, this residence surprises with its versatile living spaces. At the back, a spacious external dwelling is complete with its own kitchenette, and easy-to-care-for tiled flooring. A covered patio on the opposite side of the house features a built-in outdoor barbecue, wood-fire oven, and a convenient trough, creating an ideal space for food preparation and entertaining. This property is available for lease now for a minimum 12 month lease preferred. The asking price is $650 per week.
NORTH FREMANTLE
The exceptional property at 6/51 Rule Street is situated in an extraordinary location in North Fremantle sits on the river’s edge. The distinctive and stylish warehouse conversion is located in the renowned ‘Old Soap Factory’. A large double car garage affords direct entry to the sun-drenched courtyard, creating a seamless connection between indoors and outdoor spaces through a two-level expanse of glass on the wall of the townhouse. The residence is characterised by abundant light, exposed steel and timber beams and recently renovated finishes. The property boats expansive open areas in both the living spaces and bedrooms providing a delightful and unique environment to live. This property is available for lease from February 5th 2024 for a minimum 12 month lease preferred. Asking $940 per week unfurnished, however the fridge can be requested to be included.
THIS WEEKEND
With blue skies and sunshine forecast, we will be opening many beautiful listings for sale and lease this weekend. If you are looking to buy, sell or lease, we look forward to meeting you at one of our home opens (or perhaps at the beach!)
