INNER NORTH MARKET INSIGHTS AUTUMN 2024 Courtesy of Ray White Inner North
1 Simon Pigliardo Director | Ray White Inner North Like the hot autumn days we experienced in March, our hot property market is set to continue. The Perth market has kept sizzling 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 A MESSAGE FROM
2 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. REIWA are projecting a further 10% rise in prices this year. With recent inflation figures fuelling talk of the possibility of interest rate reductions later in the year, continued rising rents, and population growth. We don’t see a slowdown in the sales or rental markets happening any time soon. If you are curious to find out how your property could perform in this market, contact one of our local agents specialising in your area. Matt Seabrook Director | Ray White Inner North OUR DIRECTORS
3 RECENT SALES BY HELEN BOND “Helen is an experienced real estate agent. Very professional with great connections. Nothing is impossible for her.” – SUMEETA, PURCHASER Helen Bond | 0411 223 004 | helen.bond@raywhite.com 2 4 2 2 3 4 5 2 5 5 6 4 SOLD $1,560,000 SOLD $3,700,000 SOLD $2,220,000 SOLD $2,180,000 95 Railway Parade, Mount Lawley 64 Queens Crescent, Mount Lawley 386 Walcott Street, Coolbinia 5 Knight Street, Wembley Downs
4 FAST FACTS – MOUNT LAWLEY 1. Source: Core Logic RPData 24 January - 24 April 2024 4. 34 MOUNT LAWLEY HOUSES MEDIAN $1,432,000 HIGHEST $4,700,000 LOWEST $325,000 UNITS MEDIAN $455,000 HIGHEST $1,500,000 LOWEST $215,000 33 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 44 3. HOUSES AVERAGE DAYS ON MARKET SALES $1.0M 60 $1.5M 120 $2.0M 180 $500K 0 2020 2021 2022 2023 2024 NUMBER SOLD MEDIAN HOUSE SALE PRICE
5 RECENT SALES IN INGLEWOOD “I have dealt with Matt as a buyer and a seller; on both sides of the fence he was reliable, trustworthy and knowledgeable. Matt has a very calm exterior which really helps to minimise any stress of buying/selling houses! He isn’t your pushy or bullish salesman, he’s the consummate professional with a human touch and a supporting nature… and this is how he gets the deals done. Emily from the RW team is also a superb operator!” – JON, SELLER Matt Seabrook | 0435 227 120 | matt.seabrook@raywhite.com 2 2 2 2 2 1 2 2 3 3 3 3 SOLD $1,480,800 SOLD $1,120,000 SOLD UNDISCLOSED SOLD $975,000 64 John Street, Inglewood 105 Tenth Avenue, Inglewood 14A Arthur Street, Inglewood 234A Eighth Avenue, Inglewood
6 FAST FACTS – INGLEWOOD 1. Source: Core Logic RPData 24 January - 24 April 2024 4. 44 INGLEWOOD MEDIAN $1,101,000 HIGHEST $1,704,000 LOWEST $420,000 MEDIAN $376,000 HIGHEST $1,150,000 LOWEST $290,000 21 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 13 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 30 60 90 0 $800K $900K $1.0M $700K NUMBER SOLD MEDIAN HOUSE SALE PRICE 2020 2021 2022 2023 2024
7 RECENT SALES IN MOUNT HAWTHORN “Annie was amazing from day one, so professional, knowledgeable and happy to help with any questions or concerns we had. I would certainly recommend Annie to anyone that is in the market for buying or selling. Thank you Annie.” – SHIRLEY, SELLER Annie Kowal | 0418 795 654 | annie.kowal@raywhite.com 2 1 2 2 2 1 2 2 3 3 4 4 SOLD $980,000 SOLD $1,130,000 SOLD $1,667,500 SOLD $1,850,000 2A Anderson Street, Mount Hawthorn 20 Sasse Avenue, Mount Hawthorn 120 Coogee Street, Mount Hawthorn 125 Egina Street, Mount Hawthorn
8 FAST FACTS – MOUNT HAWTHORN 1. Source: Core Logic RPData 24 January - 24 April 2024 4. 26 MT HAWTHORN MEDIAN $1,210,000 HIGHEST $1,650,000 LOWEST $300,000 MEDIAN $636,000 HIGHEST $980,000 LOWEST $460,000 17 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 11 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS NUMBER SOLD MEDIAN HOUSE SALE PRICE 2019 2020 2021 2022 2023 $1.0M 50 $1.2M 100 $1.4M 150 $800K 0
9 RECENT SALES IN COOLBINIA/NORTH PERTH “Simon was thorough, professional and proactive leading to a very quick sale! He held a wealth of knowledge and communicated with us throughout the entire process.” – MEG COUSINS, SELLER Simon Pigliardo | 0419 945 652 | simon.pigliardo@raywhite.com 2 2 1 2 2 1 4 3 3 Land SOLD $1,740,000 SOLD $610,000 SOLD $640,000 SOLD $1,435,000 12 Nova Lane, North Perth 6 Campsie Street, North Perth 130 Vincent Street, North Perth 52 Lanark Street, Coolbinia
10 FAST FACTS – COOLBINIA 1. Source: Core Logic RPData 24 January - 24 April 2024 4. COOLBINIA LOWEST $1,300,000 5 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 1 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS MEDIAN $415,000 HIGHEST $415,000 LOWEST $415,000 MEDIAN $1,600,000 HIGHEST $2,700,000 43 $1.4M 15 $1.8M 30 $2.2M 45 $1.0M 0 NUMBER SOLD MEDIAN HOUSE SALE PRICE 2020 2021 2022 2023 2024
11 RECENT ACTIVITY IN DIANELLA “I had the privilege of working with Joe on the sale of my Dianella property. Right from our first meeting, Joe’s knowledge of the Dianella market impressed me. Joe’s communication throughout was exemplary. Regular updates kept me informed and empowered. Friendly, approachable, and dedicated, Joe made a potentially stressful experience enjoyable. Without a doubt, I recommend Joe as the go-to real estate agent in Dianella.” – SHENG, SELLER Joe Cipriani | 0417 948 078 | joe.cipriani@raywhite.com 2 2 3 2 2 2 3 2 4 2 4 3 SOLD $1,150,000 UNDER OFFER UNDER OFFER UNDER OFFER OFFERS MID- HIGH $600,000 OFFERS FROM $799,000 OFFERS FROM $699,000 46 Moore Street, Dianella 21/47 Forrest Ave, East Perth 1A Victoria Street, Dianella 3/10 Tully Road, East Perth
12 FAST FACTS – DIANELLA 1. Source: Core Logic RPData 24 January - 24 April 2024 4. DIANELLA LOWEST $300,000 67 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 41 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS MEDIAN $515,000 HIGHEST $1,420,000 LOWEST $218,000 MEDIAN $862,500 HIGHEST $2,450,000 26 $650 150 $750 300 $850 450 $550 0 NUMBER SOLD MEDIAN HOUSE SALE PRICE 2020 2021 2022 2023 2024
13 RECENT SALES IN NORTH PERTH “Selling our house was made so easy. Really appreciate the amazing work Ben did. He kept me fully informed throughout the process and delivered a sale price above my expectations. Would definitely recommend to friends, family or anyone.” – PETER, SELLER Ben Connor | 0410 425 397 | ben.connor@raywhite.com 2 2 1 2 1 2 1 2 3 4 2 2 SOLD $570,000 SOLD $1,950,000 SOLD $610,000 UNDER OFFER OFFERS HIGH $600,000’S 15/8 Kadina Street, North Perth 20 Richmond Street, North Perth 5/1 Sydney Street, North Perth 9/279 Oxford Street, Leederville
14 FAST FACTS – NORTH PERTH 1. Source: Core Logic RPData 24 January - 24 April 2024 4. MEDIAN $1,210,000 HIGHEST $2,620,000 LOWEST $349,000 MEDIAN $535,000 HIGHEST $2,300,000 LOWEST $240,000 20 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 27 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 37 NORTH PERTH $900K 60 $1.1M 120 $1.3M 180 $700K 0 NUMBER SOLD MEDIAN HOUSE SALE PRICE 2020 2021 2022 2023 2024
15 RECENT ACTIVITY IN HIGHGATE/EAST PERTH “Amy provided feedback at every point keeping me constantly in the loop. I always felt Amy worked in my best interests in her pursuit and follow up with potential buyers. I was happy with the price achieved. I couldn’t be happier with Amy and the service she provided.” – MARGARET, SELLER Amy Grech | 0459 586 639 | amy.grech@raywhite.com 1 1 1 2 1 1 1 3 1 1 1 3 SOLD $320,000 UNDER OFFER SOLD $395,000 FOR SALE OFFERS FROM $1,050,000 OFFERS HIGH $300,000’S 147/250 Beaufort Street, Perth 21/60 Newcastle Street, Perth 70/131 Harold Street, Highgate 2/28 Nile Street, East Perth
16 FAST FACTS – HIGHGATE 1. Source: Core Logic RPData 24 January - 24 April 2024 4. MEDIAN $730,000 HIGHEST $1,350,000 LOWEST $520,000 MEDIAN $540,000 HIGHEST $825,000 LOWEST $260,000 8 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 16 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 39 HIGHGATE $700K 10 $900K 20 $1.1M 30 $500K 0 NUMBER SOLD MEDIAN HOUSE SALE PRICE 2020 2021 2022 2023 2024
17 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 2 2 1 2 2 2 1 1 3 3 4 3 LEASED $1200 per week LEASED $810 per week LEASED $800 per week LEASED $850 per week 30B Melrose Street, Leederville 26 Green Street, Joondanna 46 Paddington Street, North Perth 2/11 Hill View Terrace, Mount Lawley
18 Median weekly house rent (3 bed) Median weekly unit rent (2 bed) Mount Lawley $800 $550 Inglewood $670 $550 Mount Hawthorn $950 $700 Coolbinia $900 $650 Dianella $663 $580 North Perth $840 $650 Highgate $n/a $638 FAST FACTS – LEASING Source: Core Logic RPData 24 January - 24 April 2024 1 2 1 3 3 4 LEASED $675 per week LEASED $1050 per week 1 Wareana Street, Menora 12 Hunt Street, Maylands
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 Annie Kowal ELITE REAL ESTATE PROFESSIONAL REIWA Grand Master 22/23 REIWA Grand Master 21/22 Alan White Elite 23/24 Alan White Elite 22/23 REIWA #2 Unassisted Salesperson by Value Sold Jan/Feb 23 Annie Kowal 0418 795 654 annie.kowal@raywhite.com (08) 6444 6341 qs@assetreports.com.au www.assetreports.com.au/residential-td DEDUCTION CLAIMED INTEREST DEPRECIATION INSURANCE COUNCIL FEES STRATA FEES REPAIRS AND MAINTENANCE PROPERTY MANAGEMENT FEES TAX DEPRECIATION SCHEDULES STANDARD RESIDENTIAL: $550 Make sure you have everything in place to get the maximum possible returns on your investment property BOOK AND PAY BEFORE JUNE 30TH TO CLAIM THIS FINANCIAL YEAR Tax agent Number: 25945952
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