I N N E R N O R T H MA R K E T I N S I G H T S S P R I N G 2 0 2 2 Courtesy of Ray White Inner North
1 As our city starts to blossom and the sun starts to shine, we welcome Spring, the season of rejoice. Welcome to the Ray White Inner North market report. We are delighted to include in this edition our summaries of activity in Inglewood, North Perth, Mount Lawley, Mount Hawthorn, Joondanna, Bedford and Dianella, with our local experts ready to update you further in these areas and beyond. Over the last few months despite tackling common winter blues, increased interest rates and the continuous impact of Covid-19, A MESSAGE FROM
2 the market is steady. Our housing stock remains low, as selling times of desirably priced homes shorten, while buyer activity continues to be elevated, creating high demand. Shortage of stand-alone homes and the ongoing rental price surge, has created a push for sales of units and villas, with a range of buyers from investors, downsizers or first home buyers, we hope this trend continues. We are incredibly proud of our resilient team who continue to ensure we achieve the best possible outcome for our clients. The last quarter of 2022 is looking very 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 “We have sold many properties over the years. Helen’s enthusiasm and commitment is tops. And she kept us fully informed all the way and didn’t miss a beat. Ray White is very fortunate to have her.” LINDSAY AND BONNIE Helen Bond | 0411 223 004 | helen.bond@raywhite.com 2 1 1 4 3 4 2 4 4 5 4 4 SOLD $1,300,000 SOLD $1,950,000 SOLD $1,510,000 SOLD $3,250,000 1/2A Regent Street, Mount Lawley 8 Fourth Avenue, Mount Lawley 14 Fifth Avenue, Mount Lawley 6 Storthes Street, Mount Lawley
4 FAST FACTS – MOUNT LAWLEY 1. Source: Core Logic RPData 1 July - 30 September 2022 4. 71 MOUNT LAWLEY HOUSES MEDIAN $1,225,000 HIGHEST $3,200,000 LOWEST $633,333 UNITS MEDIAN $367,000 HIGHEST $933,500 LOWEST $180,000 26 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 32 3. HOUSES AVERAGE DAYS ON MARKET SALES $950K 60 $1.1M 120 $1.25M 180 $800K 0 2018 2019 2020 2021 2022 NUMBER SOLD MEDIAN HOUSE SALE PRICE
5 RECENT SALES IN INGLEWOOD “We couldn’t recommend Matt and the team at Ray White highly enough. They worked efficiently and effectively to sell our property. We were selling our property from interstate and Matt and the team made the whole process as stress free and seamless as possible.” SCOTT Seabrook Team | 0435 227 120 | matt.seabrook@raywhite.com 2 2 1 2 3 3 2 2 4 5 4 3 SOLD $1,300,000 SOLD $1,750,000 SOLD $1,350,000 SOLD $880,000 132 Clifton Crescent, Inglewood 85 Normanby Road, Inglewood 222 Eighth Avenue, Inglewood 38 Walter Road West, Inglewood
6 FAST FACTS – INGLEWOOD 1. Source: Core Logic RPData 1 July - 30 September 2022 4. 28 INGLEWOOD MEDIAN $1,165,500 HIGHEST $1,750,000 LOWEST $1,020,000 MEDIAN $382,500 HIGHEST $860,000 LOWEST $185,000 8 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 18 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 50 80 110 20 $800K $900K $1.0M $700K 2018 2019 2020 2021 2022 NUMBER SOLD MEDIAN HOUSE SALE PRICE
7 RECENT SALES IN MOUNT HAWTHORN “I have now bought two properties and sold one property through Annie. What can I say? In our area, Annie is the best of the best. She has excellent communication skills, is dedicated and delivers what she promises. 10/10.” MATHEW Annie Kowal | 0418 795 654 | annie.kowal@raywhite.com 1 2 1 2 2 1 1 3 3 3 3 4 SOLD $1,392,500 SOLD $1,370,000 SOLD $1,330,000 SOLD Undisclosed 82 Buxton Street, Mount Hawthorn 26 Federation Street, Mount Hawthorn 111 Kalgoorlie Street, Mount Hawthorn 141 Matlock Street, Mount Hawthorn
8 FAST FACTS – MOUNT HAWTHORN 1. Source: Core Logic RPData 1 July - 30 September 2022 4. 25 MT HAWTHORN MEDIAN $1,420,000 HIGHEST $2,300,000 LOWEST $865,000 MEDIAN $487,000 HIGHEST $1,049,000 LOWEST $450,000 5 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 8 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS $1.0M 50 $1.2M 100 $1.4M 150 $800K 0 2018 2019 2020 2021 2022 NUMBER SOLD MEDIAN HOUSE SALE PRICE
9 RECENT SALES IN NORTH PERTH/COOLBINIA “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.” ALANA Simon Pigliardo | 0419945652 | simon.pigliardo@raywhite.com 2 2 2 2 2 2 2 2 4 5 3 4 SOLD $830,000 SOLD $2,150,000 SOLD $680,000 SOLD $1,155,000 4/20 Little Walcott Street, North Perth 9 Murchison Street, Coolbinia 385 Charles Street, North Perth 1 Warralong Crescent, Coolbinia
10 FAST FACTS – NORTH PERTH 1. Source: Core Logic RPData 1 July - 30 September 2022 4. 36 NORTH PERTH MEDIAN $880,000 HIGHEST $2,400,000 LOWEST $390,000 MEDIAN $515,000 HIGHEST $885,000 LOWEST $195,000 23 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 12 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS $900K 60 $1.0M 120 $1.1M 180 $800K 0 2018 2019 2020 2021 2022 NUMBER SOLD MEDIAN HOUSE SALE PRICE
11 RAY WHITE INNER NORTH NEWS NEW TO THE TEAM Grace Riddington Assistant Property Manager Grace has a combined seven years of customer service and management experience through which she has developed her high standards and strong work ethic. Amanda Elliott Sales Executive Honest and reliable with a strong work ethic, Amanda comes to Ray White with a passion for the lifestyle and residents of the Yokine community. Emily Warden Executive Assistant to Matt Seabrook With a strong customer service focus and a genuine passion for Real Estate, Emily is a great asset to the award winning Seabrook Team. Carla Yazmadjian Sales Executive Carla is a natural born salesperson with a genuine love of the property market and the desire to assist people to achieve their property goals.
12 Ray White Awards Night 2022 A fantastic result for our amazing team at this year’s Ray White Annual Awards. A very special congratulations to Matt Seabrook, Helen Bond, Annie Kowal and Amy Grech for winning their outstanding individual awards.
13 RECENT SALES IN DIANELLA/MORLEY “Great work by Carla...such a pleasure to deal with her. She kept us updated with the progress of the sale of the property. Got the result we wanted. Happy days. We would highly recommend Carla to anyone looking at buying or selling property.” MARIO Carla Yazmadjian | 0415 839 588 | carla.yazmadjian@raywhite.com 2 2 3 2 2 2 1 2 3 3 3 3 SOLD $710,000 SOLD $615,000 SOLD $640,000 SOLD $585,000 334C Coode Street, Dianella 60 Rodda Street, Morley 11 Cooper Road, Morley 64 Rodda Street, Morley
14 FAST FACTS – DIANELLA 1. Source: Core Logic RPData 1 July - 30 September 2022 4. MEDIAN $730,000 HIGHEST $1,750,000 LOWEST $505,000 MEDIAN $445,000 HIGHEST $790,000 LOWEST $205,000 54 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 23 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS 38 DIANELLA $600K 200 $700K 300 $800K 400 $500K 100 2018 2019 2020 2021 2022 NUMBER SOLD MEDIAN HOUSE SALE PRICE
15 RECENT SALES IN JOONDANNA “We met Ralph two years ago when offering to complete appraisals in our area. At that time, we were very curious as to what our property was valued at. We were looking to engage an agent in order to sell our property in the next couple of years. We were seeking someone diligent and proactive in the real estate business, ge nuinely interested in the seller’s brief and willing to work with the client towards achieving the best outcome. We found Ralph to have these attributes, be professional and personable as well. We would definitely recommend Ralph and we are very happy with the smooth nature of the sale process of our property.” ALEX & SABINA Ralph Seymore | 0474 111 886 | ralph.seymore@raywhite.com 1 2 1 2 1 3 1 1 2 4 2 3 SOLD $930,000 SOLD $910,000 SOLD $410,000 SOLD $570,000 208 Edinboro Street, Joondanna 13 Bantock Street, Joondanna 3/163 Eton Street, Joondanna 4/6 Kinsella Street, Joondanna
16 FAST FACTS – JOONDANNA 1. Source: Core Logic RPData 1 July - 30 September 2022 4. 46 JOONDANNA MEDIAN $690,000 HIGHEST $1,350,000 LOWEST $395,000 MEDIAN $405,000 HIGHEST $910,000 LOWEST $270,000 15 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 18 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS $600K 40 $700K 80 $800K 120 $500K 0 2018 2019 2020 2021 2022 NUMBER SOLD MEDIAN HOUSE SALE PRICE
17 RECENT SALES IN BEDFORD “Jacob was very friendly and approachable and did his best to assist us through the entire process. We found Jacob very helpful and made the experience slightly less stressful. We will be sure to recommend him to others” VANESSA Jacob Del Casale | 0407 756 084 | jacob.delcasale@raywhite.com 2 4 2 2 1 1 2 2 3 3 3 3 SOLD $650,000 SOLD $735,000 SOLD $805,000 SOLD $900,000 136 Birkett Street, Bedford 267 Coode Street, Bedford 197 Rosebery Street, Bedford 111 The Strand, Bedford
18 FAST FACTS – BEDFORD 1. Source: Core Logic RPData 1 July - 30 September 2022 4. 20 BEDFORD MEDIAN $750,000 HIGHEST $1,236,000 LOWEST $123,000 MEDIAN $472,500 HIGHEST $822,000 LOWEST $405,000 20 HOUSES SOLD LAST QUARTER 2. UNITS SOLD LAST QUARTER 8 3. HOUSES AVERAGE DAYS ON MARKET SALES HOUSES UNITS $600K 80 $700K 100 $800K 120 $500K 60 2018 2019 2020 2021 2022 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 2 2 2 1 2 2 2 1 3 3 3 3 LEASED $695 per week LEASED $825 per week LEASED $650 per week LEASED $650 per week 152 Lawrence Street, Bedford 39 French Street, Joondanna 80A Leeds Street, Dianella 111 Kalgoorlie Street, Mount Hawthorn
20 Median weekly house rent (3 bed) Median weekly unit rent (2 bed) Mount Lawley $750 $460 Inglewood $650 $385 Mount Hawthorn $600 $533 North Perth $650 $498 Dianella $475 $368 Joondanna $500 $400 Bedford $500 $305 FAST FACTS – LEASING Source: Core Logic RPData 1 July - 30 September 2022 Integrity Experience Results 2 1 1 LEASED $375 per week 6/68 Stuart Street, Maylands
Do you know how much you can borrow? I n p a r t n e r s h i p w i t h 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 fromme, 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 0419916533 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 Helen Bond AN AWARD WINNING AGENT REIWA Grand Master 2021/22 Alan White Elite Performer 2021/22 Ray White 2021 Top 5 Clients Choice - Individual Alan White Elite Performer 2020/21 REIWA Grand Master 2020/21 Helen Bond 0411 223 004 helen.bond@raywhite.com
RkJQdWJsaXNoZXIy MTI3ODI1