Nedlands Report

Hi Property lovers

I thought id give you an update on what is going on in the world of real estate in the Nedlands area.

There seems to be a major lack of stock in the area...6 months ago there seemed to a over whelming amount of properties for sale, but no buyers at all. Since then the vendor's that have re-adjusted their prices to meet the current market have sold.

Now, its a bit of a different story, there seems to be more GENUINE buyers than suitable properties to offer. This proves that confidence has returned to property, and with interest rates the lowest they have been in 40 years, and the majority of property prices re-adjusted many people have realized that it is a great time to buy.

There also have been some significant sales in Nedlands in the last month including 10 Bostock for $3,250,000, 99 Webster Street for $2,275,000 & 25 Taylor Road for $2,250,000.

From talking to many of the buyers over the last month or so, the trend is that people are looking for land value only properties and/or larger family homes with contemporary improvements.

If you would like any further information on what is going on in the Nedlands area or surrounding suburbs, please don't hesitate to contact me anytime.

Thinking of buying or selling in Nedlands? Call me anytime.