Autumn’s Hot Days and Hot Property Market Continue

Like the hot Autumn days we experienced in March and are continuing to experience during the April school holidays, the Perth market has continued to sizzle through the first month of Autumn with REIWA reporting that Perth’s median house sale price set a new record in March increasing by 2.5 percent to $620,000. The median unit sale price also rose over the month increasing by 1.2 percent to $420,000 in March.

The median number of days on market for houses remained steady at just 8 days in March (which is five days faster than March 2023) while the median days on market for units was 10 which is one day slower than in February and a remarkable 10 days faster than in March 2023.

At White House Property Partners our Team saw the heat continue in our local market in March with over $27 million in local sales, with multiple offers being written up on most of the 22 properties that went under offer during the month. These results reflect not only the strength of the market but also the partnership with form with our sellers to achieve remarkable results. This partnership includes our advice to our owners in relation to presentation of the property for sale (and the work they do or allow us to help them do to prepare the property for sale), the selling and marketing strategies we recommend and employ and our negotiating skills combined with our owners interest in receiving our feedback and advice in relation to offers.

For prospective Sellers, in addition to the already robust database of registered buyers we have in our Team’s open database, we are continuing to receive calls and emails daily from eager buyers and indeed prospective tenants keen to receive priority notice on new listings for both sale and rent. With a strong buyer and tenant matching systems we are able to notify prospective buyers of properties that suit their requirements as soon as they are listed (either on or off-market through White House Confidential).

If you would like to find out more about our Team at White House can help you achieve a remarkable result for your property or are simply curious to understand what your property could achieve in the current market, please reach out. We are here to provide you with the best information to help you make the right decision for your personal circumstances.

THE LOCAL MARKET

The Easter long weekend saw a reduction in the number of properties for sale as many owners decided to hold off launching new listings til after the long weekend. REIWA reported a new low of 3,592 properties listed for sale at 31 March which was 49.2 per cent lower than 12 months ago.

At White House, this slowdown in sales at Easter has carried on into the school holidays with our Team placing ONE property under offer this week.

Fremantle’s #1 Agent, Connie Handcock, placed 19 Suffolk Street under offer after just three days on the market. With a significant cash offer, we have thrilled sellers and are delighted for our buyers who can’t wait to move into this charming home.

FRESH TO MARKET

The White House Team are continuing to replenish our stock after a very strong March and this week we are thrilled to have THREE new properties launched to the market.

ATTADALE

As you pull onto Dandenong Road you’ll first notice the peaceful and serene ambience of the surrounding neighbourhood in this leafy, riverside precinct. With a North facing aspect on one of Attadale’s more elevated streets, 14 Dandenong Road, is a solid brick 3 bedroom, 1 bathroom home eagerly awaiting its new owner. A leisurely walk or bike ride towards Attadale Reserve sees you enjoy City views along the Swan River, the surrounding bush and trees a sanctuary for native birds. Don’t miss the chance to secure this home in the highly coveted suburb of Attadale which offers tranquil riverside living in a prime location with an abundance of options on offer. Anticipating buyer interest in the mid to high $800,000s. 

FREMANTLE

Discover the epitome of heritage charm and modern elegance with this captivating 1897 terrace home, nestled in the heart of the historic port city at 21 Point Street. A treasure trove of character, this residence seamlessly blends period features with contemporary comforts across its three bedrooms, two bathrooms, and multifaceted outdoor areas, complete with parking for two vehicles. Restaurants, wine bars, cafes and markets just moments from your door, or if a relaxing dip is what you’re after, stroll through the historic West End past the bookshops and boutiques to Fremantle’s iconic Bather’s Beach. This property is more than a home; it’s a lifestyle choice for those who value the blend of historical richness and modern luxury, all within the vibrant setting of Fremantle. Anticipating buyer interest in the low to mid $1,000,000s.  

WHITE GUM VALLEY

Curving around a bend of eucalyptus trees and native bush shrubbery on a quiet, one way street sits this impressive, double storey family home at 12 Mouquet Vista. Carefully curated to maximise every inch of its 276sqm block, the design offers a multitude of options to enjoy each space and each level. Whether you utilise the entire 5 bedroom, 3 bathroom home for yourself or section off the upstairs for multigenerational living or an Air BnB offering to generate income, you’ll appreciate the endless options available. Anticipating buyer interest around the mid $1,000,000s. 

What’s New – CLOSING DATES FOR OFFERS

LAKE COOGEE

Sitting proudly on a family-sized block with quick and easy access to the beach, this impeccably presented 4-bedroom, 2-bathroom residence at 8 Fawcett Road has been completed with modern, stylish finishes and designed to accommodate easy living. Located in beautiful Lake Coogee, the home is close to schools, the beach, Port Coogee and Fremantle. Nearby shops, parks, and walking tracks add to the allure of this suburb with Port Coogee’s shopping centre, marina, café and restaurants only 4km away.All Offers will be presented by 4pm on Saturday 6th April.

WHITE GUM VALLEY

The total package in an elevated location on the Fremantle border: Historic cottage, two-storey solar passive extension, separate studio apartment, wonderful rambling gardens over a large block, trees and birds all around, and a down-south holiday feeling…70 Amherst Street has it all! The charm of the original weatherboard home is unspoiled, and the addition brings its own atmosphere with brilliant use of concrete, ply, timber, and massive sliding glass doors to embrace the treed environment. It’s a wonderful place to live, and the family can spread out through a series of spaces to relax, work, and play, both indoors and out. Walk to school and the park, walk or ride down the hill to Freo centre, and enjoy the privilege of a very special home that really expresses the White Gum Valley spirit. All Offers will be presented by 3pm on 10th of April.

DEPARTMENT OF PROPERTY MANAGEMENT

The REIWA statistics are showing an increase in the number of properties available for rent, now being only 3.5 per cent lower than this time last year. However, there was a significant 19 per cent decrease in the number of properties leased last week, likely due to the Easter holidays.

If you have been considering leasing your property or would like to know more about leasing your property, 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.

If you’re a prospective tenant, we have THREE new properties available for lease;