Weekly Market Report
THE LOCAL MARKET
Last week, sales in Perth increased by 4.4 per cent, with 968 transactions. House sales rose by 4.8 per cent, while unit and land sales saw increases of 3.7 per cent and 3 per cent respectively.
Properties available in Perth increased by 2.7 per cent, with 3,818 properties for sale by the end of the week. This increase was mainly due to a 2.7 per cent rise in house listings, while unit listings remained steady, and land listings increased by 9.1 per cent. Despite this rise, the total number of available properties is still 3.4 per cent lower than four weeks ago and significantly down by 42.5 per cent compared to last year.
At White House, we are dedicated to consistently achieving the best outcomes for our clients. After a very busy week we are thrilled to have placed EIGHT properties under offer this week.
Connie Handcock, Our Fremantle Specialist, placed two properties under offer this week. 5/1A James Street was placed under offer with multiple offers in competition. 6/18 Hampton Road was also placed under offer to wonderful young buyers who are excited to move to the area.
Carlie Baker also placed two properties under offer this week. 18/40 South Beach Promenade was secured by lovely buyers, with the sellers very happy with Carlie’s service and results. North Coogee’s Number 1 Agent also placed 8/22 Heirisson Way under offer after just one home open.
In an off-market deal, Catherine Fenna and Stefanie Dobro placed an entry level townhouse in sought-after North Fremantle under offer, with the seller and buyer both delighted.
Director & Licensee, Stefanie Dobro, placed three properties under offer over the week. 73 Preston Point Road was placed under offer with a strong cash offer from thrilled buyers and pleased sellers. The wonderful home at 70 Amherst Street is now under offer. This home had over 200 attendees at our home opens, 177 enquiries and multiple offers in competition. We are delighted for our lovely sellers and so excited for this new chapter for our wonderful local buyers. Sitting high above the port city, 36 Burt Street was secured by local buyers. We are thrilled for both our delightful buyers and our wonderful sellers.
With so many properties being snapped up with multiple strong offers in competition we are eager to assist other potential sellers. If you are curious about what you might achieve for your property in the current market or if you are indeed considering selling or leasing please reach out as we are here to provide you with the information and advice to ensure you are able to make the best decision for your circumstances and achieve your goals.
FRESH TO MARKET
At White House, we are dedicated to expanding our offerings and ensuring we provide a range of options for our buyers. We are pleased to have launched FOUR new properties to the market this week.
ALFRED COVE
A stroll away from the Alfred Cove river shore, a welcoming home full of warmth and charm is a hidden oasis at 11a North Lake Road. Down a long gated driveway, you’ll discover north-facing gardens complete with tall jarrah and a bountiful orange tree, and a veranda to sit and enjoy the environment. Built in natural brick, the home has a relaxed country feeling, and the kitchen, bathroom and laundry are all new, in fresh contemporary stylings. The northern aspect is ideal, as the kitchen and living make the most of the light and the garden setting. A range of shopping and services is a walk away, there’s easy transport down to Fremantle or up to the city, and of course you have all the advantages of the riverside life. Anticipating buyer interest in the mid to high $800,000s. This property will be open to view for the first time this Saturday 27 April from 12:15-12:45pm
BEACONSFIELD
8 McCleery Street is a rare find and a true original – a 1900 classic that is overflowing with real Freo atmosphere and brimming with opportunity. In a very special street up on the ridge is a weatherboard cottage with floors of jarrah and Oregon, a woodburner stove in the old brick fireplace, walls and ceilings lined with painted timber boards, and a big garden rambling up the block at the rear. It’s a great spot: elevated and very quiet, yet close to the streetlife of South Fremantle and the beach. The home has had only simple interventions over the years, so offers an exciting chance to reimagine it in your own way, to make the most of its character and position. Anticipating buyer interest in the early $1,000,000s. This property will be open to view for the first time this Saturday 27 April from 9:00-9:30am
BERTRAM
Step into this delightful residence nestled in a friendly enclave of Bertram, boasting proximity to a vibrant shopping and dining hub, at 83 Sanctuary Drive. Adorned with meticulously landscaped gardens and offering various outdoor retreats, including a sheltered alfresco area and expansive shed, this property epitomises pristine family living. Conveniently located near a variety of amenities, this home is just a brief 5 minute drive from Bertram Primary School and Kwinana Train Station, while Bertram Central shopping centre is a mere five-minute stroll away. Anticipating buyer interest in the $600,000s. This property will be open to view for the first time this Saturday 27 April from 11:00-11:30am
EAST FREMANTLE
Discover the unique charm of ‘Daylesford,’ at 52 King Street, an architecturally celebrated home that blends heritage elegance with modern design, nestled in the prestigious Plympton Ward of East Fremantle. This incredible residence offers the unique advantage of mixed-use zoning, allowing for both residential living and commercial opportunities. This property is ideally located for both families and couples in the welcoming Plympton Ward community, just minutes from the beach, top schools, childcare facilities, live music venues, playgrounds, sports facilities, and the renowned cappuccino strip of Fremantle. Anticipating buyer interest in the high $1,000,000s to early $2,000,000s. This home will be open to view for the first time this Saturday 27 April from 11:30-12:00pm
WHAT’S NEW
EAST FREMANTLE
Built in the 1930s, this exquisitely refurbished and extended character home, has been meticulously crafted to provide its new occupants with an abundance of space, natural light, and timeless charm. Seamlessly blending original features with contemporary living requirements, the adaptable floor plan maximizes the potential of the expansive 663sqm property. This property will be open to view this Saturday 27 April from 10:00-10:30am
SOUTH FREMANTLE
Nestled below the street behind a screen of tall greenery, this 1890 home is full of atmosphere. Sensitively renewed with generous living space and a relaxing indoor/outdoor room, it has a feeling all its own. The garden is a wonderful surprise – it just keeps on unfolding, with a series of decks and paved spaces in a quiet, green environment that is a delight to experience. A few minutes’ walk around the corner is the South Terrace street life of restaurants, cafes and shopping, or you can take a refreshing dive into the ocean. This property will be open to view this Saturday 27 April from 2:30-3:00pm. We are anticipating offers From $1,195,000
DEPARTMENT OF PROPERTY MANAGEMENT
In the rental market, there were 2,078 properties for rent last week, marking a 1.6 per cent increase from the previous week. Rental listings have been steadily rising over the past four weeks, indicating some potential reprieve in the market.
Last week, 644 properties were leased, a 2.5 per cent increase from the previous week. At White House, our property management team have found interest and enquiries have slowed and are seeing lower numbers at home opens.
At White House Property Partners, we want to ensure you are up-to-date with the latest opportunities that could benefit you, as property owners or investors.
We’d like to remind you of the approaching deadline for the Short-Term Rental Accommodation (STRA) Incentive Scheme. The due date for application is the 8th of May, 2024 and is approaching quickly. The scheme offers a substantial $10,000 financial incentive to existing owners of un-hosted short-term rental accommodation properties in Western Australia.
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 TWO new properties available for lease this week;
FREMANTLE
Nestled just minutes from Fremantle’s vibrant centre, with convenient transport access and a short drive to the beach, 20/93-95 Forrest Street, is situated in a peaceful, leafy road, creating an ideal setting for tranquil living. This 2 bedroom 1 bathroom brick-and-tile villa is perfect for someone looking for low-maintenance and a secluded feel without missing out on space. The rear carport to this villa has been set up as an outdoor dining and relaxation area which is perfect for enjoying a coffee and a book or entertaining with friends and family. This property is available for lease from the 3rd of June 2024, for $620 per week, for a minimum 12-month lease preferred. Applications accepted through 2Apply.
NORTH PERTH
Step into this welcoming 3-bedroom, 1-bathroom apartment nestled within a secure complex in the vibrant heart of North Perth, at 59/8 Kadina Street! Located minutes from Perth CBD and within walking distance of public transport, shops, cafes, and restaurants, this property is perfectly positioned to enjoy the vibrant city lifestyle while still offering a peaceful retreat. This property is available for lease from the 1st of May 2024, for $720 per week, for a minimum 12-month lease preferred. Applications accepted through 2Apply.
