INNER NORTH MARKET INSIGHTS AUTUMN 2023 Courtesy of Ray White Inner North
1 Autumn settles on us with gentle ease. We are delighted to update you on the activity in Inglewood, North Perth, Coolbinia, Mount Lawley, Mount Hawthorn, Joondanna, Dianella with our local experts ready to assist you in these areas and beyond. What a busy start to 2023. There is an ongoing demand and shortage of housing across the board, with a range of buyers from investors, down-sizers and first home buyers out in force, albeit with a sense of trepidation about interest rates. Investors are being drawn to the Perth market due to strong rent A MESSAGE FROM
2 yields, low vacancy rates and rising rent, and first home buyers looking with urgency to get out of the difficult rental market. Compared to this time last year, we have seen an increase in properties being sold. BE-LEAF me when I say, despite the FALL in temperature, the Perth Market continues to be hot! Renovated standalone homes are still the bestselling property type, however there is strong interest for units, villas and development opportunities. Our outstanding team continues to soar, ensuring we achieve the best possible outcome for our clients. The coming months are looking extremely positive for real estate in our local community and we look forward to helping you achieve a great result, so enjoy the read and remember, we are only a phone call away. M OUR DIRECTORS Matt Seabrook | Arash Kalani | Simon Pigliardo Directors, Ray White Inner North
3 RECENT SALES IN MOUNT LAWLEY “Thank you for your outstanding professionalism and communication during the sale of our house. You made it such an easy and smooth process for us! We are very grateful for everything.” LACHLAN Helen Bond | 0411 223 004 | helen.bond@raywhite.com 2 6 2 2 1 4 3 3 3 4 3 6 SOLD $1,200,000 SOLD $1,800,000 SOLD $1,350,000 SOLD $2,550,000 135 Fifth Avenue, Mount Lawley 25 Second Avenue, Mount Lawley 8 Learoyd Street, Mount Lawley 45 North Street, Mount Lawley
4 FAST FACTS – MOUNT LAWLEY 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. 38 MOUNT LAWLEY HOUSES MEDIAN $1,137,500 HIGHEST $3,850,000 LOWEST $545,000 UNITS MEDIAN $390,000 HIGHEST $890,000 LOWEST $193,000 24 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 30 3. HOUSES AVERAGE DAYS ON MARKET SALES $950K 60 $1.1M 120 $1.25M 180 $800K 0 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
5 RECENT SALES IN INGLEWOOD “Matt and his team were fantastic. Matt gave good guidance on how we should prepare the house for sale, his team kept in constant communication throughout the process and overall made the process stress free. On top of that everyone was always happy and friendly. Very happy to recommend Matt and his team!” MATT Seabrook Team | 0435 227 120 | matt.seabrook@raywhite.com 1 2 3 2 1 2 2 2 3 3 4 3 SOLD $1,100,000 SOLD $873,500 SOLD $1,580,000 SOLD Undisclosed 126 Tenth Avenue, Inglewood 208 Crawford Road, Inglewood 40 Sexton Road, Inglewood 78 Dundas Road, Inglewood
6 FAST FACTS – INGLEWOOD 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. 45 INGLEWOOD MEDIAN $934,000 HIGHEST $1,600,000 LOWEST $335,000 MEDIAN $441,000 HIGHEST $885,000 LOWEST $256,000 13 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 12 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 30 60 90 0 $800K $900K $1.0M $700K 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
7 RECENT SALES IN MOUNT HAWTHORN “Annie’s local knowledge, honesty and integrity sets her apart from other local agents. As I live out of the country, Annie went above and beyond to ensure an easy and stress free process. I highly recommend Annie!” LIZ Annie Kowal | 0418 795 654 | annie.kowal@raywhite.com 2 2 2 2 2 2 2 3 5 3 3 4 SOLD $1,750,000 SOLD $1,400,000 SOLD $1,170,000 SOLD $1,555,000 117 Coogee Street, Mount Haw-thorn 18 Birrell Street, Mount Hawthorn 17 East Street, Mount Hawthorn 79 Lynton Street, Mount Hawthorn
8 FAST FACTS – MOUNT HAWTHORN 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. 30 MT HAWTHORN MEDIAN $1,325,000 HIGHEST $2,020,000 LOWEST $842,000 MEDIAN $515,000 HIGHEST $845,000 LOWEST $350,000 21 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 13 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS $1.0M 50 $1.2M 100 $1.4M 150 $800K 0 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
9 RECENT SALES IN COOLBINIA/NORTH PERTH “Simon was great to work with. He knew the market well and gave honest feedback. He gave us updates and truly worked with us to sell our house for a great outcome. We would 100% work with Simon again and recommend him to anyone selling.” ANTHONY Simon Pigliardo | 0419 945 652 | simon.pigliardo@raywhite.com 1 2 4 2 1 3 4 3 2 4 4 4 SOLD $1,300,000 SOLD $1,270,000 SOLD $1,837,500 SOLD $1,900,000 149 Bradford Street, Coolbinia 7 Redfern Street, North Perth 4 Hartwell Street, Coolbinia 45 Kadina Street, North Perth
10 FAST FACTS – COOLBINIA 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. COOLBINIA MEDIAN $N/A HIGHEST $1,300,000 LOWEST $1,300,000 1 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 3 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS MEDIAN $340,000 HIGHEST $430,000 LOWEST $335,000 NOT AVAILABLE $1.3M 15 $1.5M 30 $1.7M 45 $1.1M 0 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
11 RAY WHITE INNER NORTH NEWS NEW TO THE TEAM Kathleen Byrne Head of Property Management Kat leads our Property Management division, having an extensive property and a team management career spanning almost three decades with roles across property, strata and asset management. With a strong process driven background, we are very excited for the direction Kat brings to our quest for continuous improvement. Amelie Delamare Receptionist Amelie’s diverse role covers many areas to assist the business to run smoothly and she certainly makes this happen. With initiative, maturity and a ‘can do’ attitude our clients all appreciate the amazing customer service Amelie provides.
12 Our very own Annie Kowal has had an exceptional start to 2023. Achieving the number 2 spot in the whole of WA for January sales for REIWA, and backing it up with another top 2 spot for February along with achieving number 3 for top unassisted salesperson by listings sold for February 2023. A huge congratulations to you Annie! The team at Ray White Inner North are very happy to recognise two Elite Performers from our team, Matt Seabrook and Simon Pigliardo. Elite Performers are among the top 6% of our entire international sales force, achieving at least 65 sales in a calendar year. Well done Simon & Matt! OUTSTANDING ACHIEVEMENTS RAY WHITE HALF YEAR AWARDS A great result for our incredible team at this year’s Ray White Half Year Awards. A special congratulations to Matt Seabrook, Helen Bond, Annie Kowal and Sinead McConnell for their individual award wins.
13 RECENT SALES IN NORTH PERTH “My dealing with Ben was very positive. He constantly kept me informed and answered all my questions promptly. Ben went above and beyond any other agent I have dealt with. My overall experience was very positive and I would not hesitate to use Ben’s services in the future. I cannot recommend him highly enough!” JENNIFER Ben Connor | 0410 425 397 | ben.connor@raywhite.com 2 2 2 2 2 2 1 1 4 4 3 3 SOLD $1,730,000 SOLD $1,320,000 SOLD $900,000 SOLD $905,000 54 Wasley Street, North Perth 13 Mabel Street, North Perth 7A Highlands Road, North Perth 14 Campsie Street, North Pertht
14 FAST FACTS – NORTH PERTH 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. MEDIAN $1,155,000 HIGHEST $2,400,000 LOWEST $428,000 MEDIAN $658,000 HIGHEST $905,000 LOWEST $205,000 22 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 16 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 44 NORTH PERTH $900K 60 $1.0M 120 $1.1M 180 $800K 0 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
15 RECENT SALES IN DIANELLA “We have engaged Carla multiple times and we are extremely happy with her suburb knowledge, sales skill and people skills. We will continue to recommend Carla to others” LINDA Carla Yazmadjian | 0415 839 588 | carla.yazmadjian@raywhite.com 2 1 2 2 1 1 1 2 4 2 3 4 SOLD $740,000 SOLD $370,000 SOLD $550,000 SOLD $637,500 397 Coode Street, Dianella 2/23 Camden Street, Dianella 332A Alexander Drive, Dianella 25B Moore Street, Dianella
16 FAST FACTS – DIANELLA 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. MEDIAN $753,000 HIGHEST $1,630,000 LOWEST $350,000 MEDIAN $450,000 HIGHEST $970,000 LOWEST $210,000 75 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 47 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 50 DIANELLA $600K 150 $700K 300 $800K 450 $500K 0 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
17 RECENT SALES IN JOONDANNA “From arranging an appraisal with Ralph through to his successful sale of our house within one week of house opening, we were impressed! Ralph has been a fabulous communicator, always approachable, responsive and realistic with achieving the best for us.” LYNDA Ralph Seymore | 0474 111 886 | ralph.seymore@raywhite.com 2 2 1 2 2 2 1 2 4 3 3 3 SOLD $885,000 SOLD $620,000 SOLD $450,000 SOLD $645,000 143B McDonald Street, Joondanna 2/55 Stoneham Street, Joondanna 5/130 Roberts Street, Joondanna 2/17 Orchid Street, Joondanna
18 FAST FACTS – JOONDANNA 1. Source: CoreLogic RP Data 20 January - 20 April 2023 4. 29 JOONDANNA MEDIAN $710,000 HIGHEST $922,000 LOWEST $510,000 MEDIAN $460,000 HIGHEST $890,000 LOWEST $140,000 12 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 25 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS $700K 40 $800K 80 $900K 120 $600K 0 2019 2020 2021 2022 2023 NUMBER SOLD MEDIAN HOUSE SALE PRICE
19 PROPERTY MANAGEMENT Choosing who to have your property professionally managed by is a big commitment whether it’s your first property, the family home or part of a growing investment portfolio, we know how important it is for you to know your biggest asset is being looked after to the highest standard and creating wealth for your future. Sinead alongside the rest of the team at Inner North have the expertise, market insight and will always have your best interests at heart. Sinead McConnell | 0477 805 819 | sinead.mcconnell@raywhite.com 3 2 2 2 1 1 3 2 3 3 4 4 LEASED $750 per week LEASED $650 per week LEASED $900 per week LEASED $1,200 per week 172 Crawford Road, Inglewood 76 Bondi Street, Mount Hawthorn 22A Grand Promenade, Bayswater 37 Fifth Avenue, Mount Lawley
20 Median weekly house rent (3 bed) Median weekly unit rent (2 bed) Mount Lawley $720 $470 Inglewood $695 $430 Mount Hawthorn $695 $510 Coolbinia $675 $430 North Perth $750 $600 Dianella $547 $420 Joondanna $720 $485 FAST FACTS – LEASING Source: CoreLogic RP Data 20 January - 20 April 2023 3 2 2 2 2 4 LEASED $750 per week LEASED $750 per week 7 The Anchorage, Maylands 11A Walter Road, Inglewood
Do you know how much you can borrow? In partnership with Diana Armour, Finance Broker 0404 004 498 | diana.armour@loanmarket.com.au broker.loanmarket.com.au/diana-armour Loan Market Pty Ltd | Australian Credit Licence 390222
Loan $000s 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 1,000 2.00% 370 554 739 924 1,109 1,294 1,478 1,663 1,848 2,033 2,218 2,403 2,587 2,772 2,957 3,142 3,327 3,511 3,696 2.25% 382 573 764 956 1,147 1,338 1,529 1,720 1,911 2,102 2,293 2,485 2,676 2,867 3,058 3,249 3,440 3,631 3,822 2.50% 395 593 790 988 1,185 1,383 1,580 1,778 1,976 2,173 2,371 2,568 2,766 2,963 3,161 3,359 3,556 3,754 3,951 2.75% 408 612 816 1,021 1,225 1,429 1,633 1,837 2,041 2,245 2,449 2,654 2,858 3,062 3,266 3,470 3,674 3,878 4,082 3.00% 422 632 843 1,054 1,265 1,476 1,686 1,897 2,108 2,319 2,530 2,740 2,951 3,162 3,373 3,584 3,794 4,005 4,216 3.25% 435 653 870 1,088 1,306 1,523 1,741 1,958 2,176 2,394 2,611 2,829 3,046 3,264 3,482 3,699 3,917 4,134 4,352 3.50% 449 674 898 1,123 1,347 1,572 1,796 2,021 2,245 2,470 2,694 2,919 3,143 3,368 3,592 3,817 4,041 4,266 4,490 3.75% 463 695 926 1,158 1,389 1,621 1,852 2,084 2,316 2,547 2,779 3,010 3,242 3,473 3,705 3,936 4,168 4,400 4,631 4.00% 477 716 955 1,194 1,432 1,671 1,910 2,148 2,387 2,626 2,864 3,103 3,342 3,581 3,819 4,058 4,297 4,535 4,774 4.25% 492 738 984 1,230 1,476 1,722 1,968 2,214 2,460 2,706 2,952 3,198 3,444 3,690 3,936 4,181 4,427 4,673 4,919 4.50% 507 760 1,013 1,267 1,520 1,773 2,027 2,280 2,533 2,787 3,040 3,293 3,547 3,800 4,053 4,307 4,560 4,814 5,067 4.75% 522 782 1,043 1,304 1,565 1,826 2,087 2,347 2,608 2,869 3,130 3,391 3,652 3,912 4,173 4,434 4,695 4,956 5,216 5.00% 537 805 1,074 1,342 1,610 1,879 2,147 2,416 2,684 2,953 3,221 3,489 3,758 4,026 4,295 4,563 4,831 5,100 5,368 5.25% 552 828 1,104 1,381 1,657 1,933 2,209 2,485 2,761 3,037 3,313 3,589 3,865 4,142 4,418 4,694 4,970 5,246 5,522 5.50% 568 852 1,136 1,419 1,703 1,987 2,271 2,555 2,839 3,123 3,407 3,691 3,975 4,258 4,542 4,826 5,110 5,394 5,678 5.75% 584 875 1,167 1,459 1,751 2,043 2,334 2,626 2,918 3,210 3,501 3,793 4,085 4,377 4,669 4,960 5,252 5,544 5,836 6.00% 600 899 1,199 1,499 1,799 2,098 2,398 2,698 2,998 3,298 3,597 3,897 4,197 4,497 4,796 5,096 5,396 5,696 5,996 Monthly repayments (principal and interest) *Figures quoted are indicative only, individual loan contracts may vary. Based on a 30 year loan. Monthly repayments guide This table shows how different property prices and interest rates will impact your home loan repayments. It’s a handy tool that helps you narrow down the properties you might be able to afford, so you know what you’re looking for on your property search. If you’d prefer not to receive marketing messages from me, no problem, just email or call me. Contact your local Loan Market broker. Loan Market Pty Ltd | Australian Credit Licence 390222 Consider the change to your monthly repayment when the loan amount increases by $10,000 Diana Armour M: 0404 004 498 diana.armour@loanmarket.com.au
ELITE REAL ESTATE PROFESSIONAL SUPPORTING LOCAL westendsettlements.com.au Our highly experienced Perth conveyancing and property settlement team offer exceptional service, competitive prices and deliver timely settlements with a minimum of stress for our clients. Erica Settineri Managing Director 0419 916 533 Shop 6, 7 Scarborough Beach Road, North Perth erica@westendsettlements.com.au Ray White Inner North 330 Fitzgerald Street, North Perth WA 6006 | (08) 6377 8888 raywhiteinnernorth.com.au 0431 330 358 Email: admin@thinspect.com.au www.thinspect.com.au • Building & Pest Inspections • Registered Builder (No. BC101983) • Covered with Professional Indemnity Insurance
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