The End of The Financial Year....

Hi Property Lovers

The end of the financial year is here and I'm sure we can all agree it will be one that will be not forgotten for a very long time!!!! The economic downturn has affected everybody some how, property value has declined, the share market has dropped in some cases by 40% and unemployment is on the rise......BUT there are some magnificent opportunities for people out there! History shows that the world economy will bounce back and peoples investments will yet again start showing great returns.

Western Suburbs property has had a absolute roller coaster of a year....For the first time in a long time, the buyers have the power, prices have came back around 20% in most area's, the amount of houses for sale went from excessive (October 08-Feb 09) to similar levels of 2005 (Present) and everybody is trying to judge when we will hit the bottom of the market.

But this allowed great opportunities for buyers, with a large variety of houses to choose from and prices not seen since 2006.

Now, its seems that there is a confidence back in the buyers, I doubt we will see property value increase anytime soon, but properties that are priced correctly, marketed well and represent good buying will sell.

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

What Would YOU Like To See On My Blog?

Hi Property Lovers

I would like to know if there is anything that you, the readers would like to see on my blog that I don't do?

Whether it be a subject on the real estate industry? More information directly for the Nedlands market or something I don't touch on, please let me know? Your feedback is much appreciated.

For a free confidential market appraisal on your property or a current market summery on your suburb please don't hesitate to contact me.

Thinking of buying or selling? Call me anytime.

Nedlands Half Yearly Report

Hi Property Lovers

The last few post I've done have been more focusing on the property market as a whole, and its possible outlook!

Where now more than half way through the year so Ive decided to give you a report on how Nedlands real estate has held up, what has been going on and the total amount of sales per month.

HOW HAS NEDLANDS HELD UP COMPARED TO OTHER WESTERN SUBURBS?

I personally feel Nedlands has shown great value compared to a lot of the other Western Suburbs in this current market. People are now more then ever looking for value for their money, and Nedlands gives you that. Your average block size south of the Hwy is 1012 sqm, fetching between $1,200-$1,800 p/sqm for land value only block. You will not come across an other Western Suburb that is close to the river, close to the CBD and still only 10 minute (max) drive to the beach offering these sized blocks at this rate per sqm.

Nedlands has also held up well in the sales side compared to other Western Suburbs including Cottesloe, Mosman Park and Mount Claremont. Between December through to end March these 3 suburbs were affected the most, mostly due to the fact that their prices weren't adjusted to meet the current market. From January 2009 to today's current date Nedlands have had 57 successful sales. This equals out to be a sale every 3 days, which proves that Nedlands has held up strong and represents good buying value in this current market.

WHAT IS GOING ON IN THE NEDLANDS REAL ESTATE MARKET?

As of last Saturday (21st June 09) there was a total of 66 properties advertised for Sale in Nedlands over the Internet, with 30 of these advertised in Saturday's real estate section. We have received unprecedented buyer enquiries for properties between $1 mil and $2.5 mil, confirming what we have thought, that the market has very nearly reached the bottom and the buyers confidence is returning, while this is positive news, this doesnt mean that property value will increase, but shows that well priced properties will sell.

TOATL SALES FOR THIS HALF OF THE YEAR:

January
4 sales for the month with a total value of $3,270,000

February
7 Sales for the month with a total value of $6,645,000

March
16 sales for the month with a total value of $23,050,000

April
12 sales for the month with a total value of $12,745,000

May
16 sales for the month with a total value of $18,881,000

57 sales since January with a total value of $64,591,000

If you would like any further information on the current market in Nedlands, please don't hesitate to contact me.....more than ever, experience and knowledge is key!


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

Residential Property & Cash Still are Leading the Way....

Hi Property Lovers

In a downturn like we are all currently experiencing now, our hard earned money is on our mind. With losses in the share market up to 40%, people loosing their super funds and property prices adjusting to the market condition, just what really is the best investment to get the best return?

According to a article on news.com.au Residential Property and Cash have came out to be the best investment in today's market.

"Cash and residential property, Australia's two most popular investments, have proved the strongest performers in today's volatile markets, outstripping almost every other asset class and super fund. According to an analysis of investment returns, residential property has offered the highest total returns during the past three years and cash has come in second place for the past five years. While the global financial crisis and the economic downturn have taken their toll on sharemarkets, managed funds and commercial property, Australia's love affair with residential property and cash have paid off".

"Most residential landlords are still sitting on a strong capital gain, while other assets have fallen by up to 40 per cent. Landlords also have the added benefit of rising rental income as population demand for housing continues to increase".

"Australia has a serious shortage of residential property in this country; in fact, we're the only country in the world to have a net shortage of accommodation for both buyers and tenants. Residential property has proved to be the mainstay of a large number of investment portfolios, and there is a very good reason for that: over the years, property has made a lot of money for many, many investors".

To read the full article please follow this link:

http://www.news.com.au/business/money/story/0,28323,25670016-5013953,00.html

Yet again a 'touchy' subject with everybody having a different view on what they think is best. I feel that property is arguably the best long term investment. Time and time again, property has shown great returns when selling (5 years+ holding onto the asset), regardless of what type of economy we are in people are still needing to move, rental properties even in a downturn are still producing good capital gain, there's still a very large demand for rental properties in all area's of Perth and lets face it..God isn't making anymore land!

I would really like to here your feedback on what YOU think is the best investment, short and/or long term and the best investment in a downturn?

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

Street Report-Viewway, Kingsway & Hillway

Hi Property Lovers

This weeks streets I'll be doing are Viewway, Kingway & Hillway. following the trend of my last reports ill be posting all sales since 2007.

Viewway:
5 Viewway sold for $2,300,000 on 30.1.2008
18 Vieway sold for $2,550,000 on 26.11.2008

Kingsway:
1 Kingsway sold for $615,000 on 18.2.2009
12 Kingsway sold for $1,550,000 on 18.2.208
17 Kingsway sold for $2,000,000 on 25.8.2008
54 Kingsway sold for $1,525,000 on 2.7.2007
64 Kingsway sold for $1,780,000 on 5.2.2008

Hillway:
8 Hillway currently under contract (asking $1,850,00)
12 Hillway sold for $1,163,000 on 11.5.2009
31 Hillway sold for $1,992,000 on 27.6.2008

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

Could The End of Stamp Duty Be Coming?....We Hope So!

Hi Property Lovers

Stamp duty....this has been and always will be a major factor when buying property and it does affect the type of property that you will be able to buy as this must fit this tax into your budget. Below I've posted several quotes from The Australian regarding this issue.

"Stamp duty on housing loans is set to be abolished after the Henry tax review, which is likely to recommend states be given a share of income tax to make up the difference".

"The most likely path to do this would be for the commonwealth to give the states the ability to impose their own surcharge on income tax, which would be collected for them by the Australian Tax Office".

"Having to pay stamp duty not only discourages elderly people from moving to more appropriate accommodation, it also deters people from moving house to a better jobs market".

"At a conference conducted by the Henry tax review at the Melbourne Institute last week, both international and Australian tax economists said stamp duty should go, with Melbourne University professor John Freebairn describing the tax as "a piece of garbage".

To read the full article and comments by the viewers, please follow this link:

http://www.theaustralian.news.com.au/story/0,25197,25669048-601,00.html

A lot of people ask me what there stamp duty will be on a certain home, so I've decided to give you readers a guide on how much stamp duty is paid per property:

$750,000=$34,200
$1,000,000=$47,7000
$1,500,000=$74,700
$2,000,000=$101,7000
$2,500,000=$128,7000
$3,000,00=$155,700

This information was gathered from the link below.

http://rol.osr.wa.gov.au/taxcal/

As you can see, the Stamp Duty tax has a major influence on the type of property you choose to buy. If this tax goes, this will allow home buyers to have more choices when looking to buy property.

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

Our Top 10 Key Factors When selling YOUR house.Prt 3

Hi Property Lovers

As promised, the final installment of this section.

7. Polished floorboards
Floorboards are better than worn carpet. Pull up the carpet, sand and polish floorboards using an odour-free, water-based stain. Seek the advice of a floor specialist before undertaking this project. Carpets can harbour bacteria. Opt instead for wood or linoleum.

8. Roofs
Cleaning tiles can make the roof look new. Lichens can be removed with copper sulphate from a hardware store. Clean out gutters, replace rusted sections and remove cobwebs.

9. Declutter
Keep surfaces clean and neat. Remove knick-knacks, souvenirs, children's artwork, sporting equipment, toys, scatter rugs, pet food bowls, baskets and scratching posts. A sparsely furnished layout equates to good living.

10. Ambience
Decorate the interior with plants, vases or single feature sculptures. Burn a nice, subtle fragrance oil. Open the window to get a breeze going. Enjoy the serenity.

These are great points and PRESENTATION is the KEY to selling YOUR home. It doesn't matter whether your home is smaller character home or a 6 bedroom riverfront property...presentation will make your home stand out from the rest and add value to the final selling price.

This information was gathered from:

http://www.apimagazine.com.au/api-online/property-investor-tips/2009/04/the-10-key-factors-when-selling-your-home

For more information on the best way to present your home when selling it, please feel free to call me.

Thinking of buying selling in Nedlands?Call me anytime.

Australian Borrowers Ignore Best Loan Deals

Hi Property Lovers

Although i normally keep to just real estate news and information, a major part of the property industry is obviously home loans. This is one of the biggest hurtles people have to overcome when buying property......which lender to use?, what is their rate?, to use one of the 'Big 4's' or a smaller lender. These decisions play one of the biggest part when deciding to purchase property.

This morning i came across a article that every property lover should have a read of regarding bank loans and your best option. Follow the link below to have a read.
http://www.news.com.au/business/money/story/0,28323,25652363-5013952,00.html

Thinking of buying or selling? Call me anytime

House Price Forecast 'Inacurate'

Hi Property lovers

Yesterday i posted a VERY controversial subject regarding property growth thoughout Australia for the next 3 years. BIS Shrapnel's ( Property Research Group) have come under fire for their 'un-realistic' outlook. I'm going to post some quotes from the latest article and display the 'adjusted' graph.

"In addition, BIS Shrapnel was criticised for emphasising the headline growth figures while playing down the much more modest inflation-adjusted figures"

“We believe its nigh-on impossible to forecast out that far ahead given so many conflicting forces out there in the marketplace”

"When asked about the report's accuracy yesterday, BIS Shrapnel's Mr Zigomanis said the outlook took in "all variables" of the economy. That three year forecast is really based our assumptions of all the other variables three years down the track as well,” Mr Zigomanis said

I was very sure that yesterday's article would of had this reaction, follow the link below to read the full article and do make sure to read the viewer's comments.

http://www.news.com.au/business/money/story/0,28323,25643313-5013951,00.html

Please feel free to leave your thoughts or commenst on this subject.

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

Street Report-Thomas street, Tyrell Street & Achdeacon Street

Hi Property Lovers

Please see below for this weeks street's report. Following the trend of my past post, Ive done sales from 2007 to present. If you would like some information on sales before 2007, please feel free to contact me.

Thomas Street
11 Thomas Street sold for $1,475,000 on 23.3.2009
19 Thomas Street sold for $2,550,000 on 31.10.2007
57 Thomas Street sold for $3,390,000 on 23.10.2007
91 Thomas Street sold for $1,600,000 on 24.12.2008

Tyrell Street
1 Tyrell sold for $2,050,000 on 21.12.2007
5 Tyrell Sold for $1,800,000 on 20.5.2009
10 Tyrell sold for $1,625,000 on 18.8.2007
89 Tyrell sold for $1,760,000 on 1.4.2009
96 Tyrell sold for $1,775,000 on 9.4.2008
101 Tyrell sold for $2,000,000 on 16.12.2007

Archdeacon Street
12 Archdeacon sold for $1,800,000 on 12.10.2007
34 Archdeacon sold for $2,260,000 on 4.11.2008
47 Archdeacon sold for $1,630,000 on 28.3.2009
61 Archdeacon sold for $2,398,.000 on 10.9.2007
74 Archdeacon sold for $1,845,000 on 17.12.2007
77 Archdeacon sold for $1,670,000 on 18.10.2007
98 Archdeacon sold for $1,299,998 on 6.2.2009
106 Archdeacon sold for $2.050,000 on 15.9.2007

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

Nedlands vs Perth mediun house price

Hi Property Lovers

My last few post have been more on the Perth real estate market, so Ive decided to dedicated this post entirely to the Nedlands market. Ive been doing some research on the potential growth of Nedlands and how Nedlands compares to the mediun house price in Perth.

NEDLANDS vs PERTH MEDIUN HOUSE PRICE

2005
Nedlands $850,000
Perth $267,500

2006
Nedlands $997,500
Perth $328,000

2007
Nedlands $1,410,000
Perth $435,000

2008
Nedlands $1,650,000
Perth $463,000

2009
Nedlands $1,437,000
Perth $430,000

*Mediun house price covers 12 months to reference quarter

All data and stats received from:
http://reiwa.com.au/res/res-suburb-profile.cfm?suburb_id=2547&census_code=SSC52031&geogroup_id=1289&geogroup_parent_id=3

NEDLANDS vs PERTH METRO AREA AVERAGE ANNUAL GROWTH.

1 YEAR
Nedland -9.8%
Perth - 7.10%
CPI 3.8%

5 YEARS
Nedlands 15%
Perth 12.8%
CPI 3.7%

10 YEARS
Nedlands 13.2%
Perth 11.5%
CPI 3.3%

*All data collected from http://www.reiwa.com.au/

If you are interested, i have graphs for all these stats, as well as Nedlands vs Perth prices regarding 4 bedroom houses & 5 bedroom houses. Please feel free to contact me to receive this information.

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

Our Top 10 Key Factors When selling YOUR house.Prt 2

Hi Property Lovers

Last week i started a section on here regarding the top 10 factors when selling your home. This is part 2 from http://www.apimagazine.com.au/api-online/property-investor-tips/2009/04/the-10-key-factors-when-selling-your-home

4. Pergolas
Sun-shading devices such as pergolas can make for a fine, leafy addition, particularly when covered in deciduous plants. They provide shade to windows, define outdoor living spaces and provide a simple but effective link between indoor and outdoor spaces. A big selling feature admired for their practicality and pleasantness.

5. Repainting
A new coat of paint is the best value for money. Colours should always be neutral and elegant. As a highlight, a cement-based paint can provide a simple textured finish and additional visual pizzazz.

6. Cracking
Patch wall gaps and cracks, sand and fill with a flexible sealant. Be careful to colour-match the existing render or finish or it looks dodgy and puts off potential buyers.

7. Polished floorboards
Floorboards are better than worn carpet. Pull up the carpet, sand and polish floorboards using an odour-free, water-based stain. Seek the advice of a floor specialist before undertaking this project. Carpets can harbour bacteria. Opt instead for wood or linoleum.

I'll be posting the final installment in the next couple of days.

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

Perth Mediun House price-Past-Present and Future!

Hi Property Lovers

Ive been doing some research over the last few days regarding Perth mediun house prices. Even though this doesn't reflect specifically in Nedlands, i think its real useful information to have if interested in real estate and the Perth market.

I found this great timeline from http://reiwa.com.au/res/res-salesgraph-display.cfm that gives you a real good outlook of the Perth property market from 1980 to present.

I also found this graph regarding the 'Possible' outlook for not only Perth but the Australian Property market for the next 3 years. This was good article to read, but the comments left by the Australian public also offered there 'Potential' outlook. I'm going to post some quotes from the article, but do follow the hyperlink and read some of the viewers comments. Only if we did have a crystal ball to know the future! http://www.news.com.au/business/money/story/0,28323,25634840-5013951,00.html

"AUSTRALIAN house prices will rise by nearly 20 per cent over the next three years, buoyed by the "current heat" in the market surrounding first home buyers.
That’s the forecast from research house BIS Shrapnel’s Residential Property Prospects report - based on data from the Real Estate Institute - released today."

"The report says average house prices in most capital cities will grow by between 11 and 19 per cent over the next three years. In real terms (where prices are adjusted for inflation) the level of percentage growth is about half. "

"If the first home buyers are in the market buying, someone is selling it to them,”

"But the research, based on Real Estate Institute data, said house prices would remain relatively stagnant until unemployment peaked around June 2010. Everything’s pointed at people jumping in the market. At the moment we’re dealing with a confidence issue, he said.
Weak economic growth and rising unemployment meant Australians were hesitant to jump into the market"

Outlook via PERTH, according to BIS Shrapnel

- Market began slowing in 2007, ahead of eastern states

- Median house price tripled in five years to 2006

- Affordability improving; price decline stabilising

- Median house price $425,000 in June 2009

- House prices to increase by 12 per cent to 2012

I do recommend that you have a read of this article, but especially the comments left by readers. It's very interesting to get every bodies aspect and opinion on this subject in the current market conditions.

I would also like to here any feedback my viewers have on this subject, so please feel free to leave your thoughts on this issue on my blog.

Thinking of buying or selling? Call me anytime.

Our Top 10 Key Factors When selling YOUR house.Prt 1

Hi Property Lovers

Over the next week or so, I'm going to put up the 10 key factors that will enhance your home when selling to get the best possible final selling price.

The 10 focal points vital to selling your home include a vibrant garden, appropriate fencing and a clutter-free home, according to building advisory service Archicentre.
Archicentre says the 10 factors that make the biggest difference when trying to sell your home are:

1. Vibrant garden
A landscaped garden is like having an extra room. For maximum resale value, vendors look to create an attractive ambience by enhancing facades with carefully chosen vegetation. This is often a mixture of indigenous plants that require little watering and exotic plants as the highlights. Pebble mulch not only ages better than woodchips but helps keep the garden looking clean and bright.

2. Fencing
Fences can be cheap but make sure the fence is compatible with the style of home. Picket fences can enhance a period-style home like an Edwardian or Victorian but on a modern house they’re unsympathetic.

3. Orientation
Show how a north-facing garden can flourish on a sunny day. Set up some well-oiled teak outdoor furniture (umbrella, table and chairs), barbecue and a sun lounge. The benefits will be obvious.

This information was supplied by Australian Property Investor.
http://www.apimagazine.com.au/

Stay tuned over the next week for the other key factors!

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

Street Report-Florence, Stanley & Webster

Hi Property Lovers

Please see below for the property street reports for this week. I have once again focused on streets that are south of the Hwy that have sold since 2007.

FLORENCE:

75 Florence Road, Nedlands sold 9.10.2007 for $2,425,000
77 Florence Road, Nedlands sold 21.8.2007 for $2,000,000

92 Florence Road, Nedland sold 18.12.2007 for $1,920,000

STANLEY:

2 Stanley Street, Nedlands sold 7.11.2007 for $1,600,000

12 Stanley Street, Nedlands sold 9.6.2007 for $2,200,000
16 Stanley Street, Nedlands sold 10.2.2008 for $2,200,000

75 Stanley Street, Nelands sold 19.5.2008 for $1,250,000

92 Stanley Street, Nedlands sold 9.2.2009 for $2,365,000

WEBSTER:

1 Webster Street, Nedlands sold 6.11.2007 for $550,00

37 Webster Street, nedlands sold 29.5.2009 for $1,480,000

66 Webster Street, nedlands sold 3.2.2008 for $1,650,000

83 Webster Street, Nedlands sold 22.6.2007 for $1,900,000

Thinking of buying or selling? Call me anytime.

The "In Your Street" Apprasial Campaign

Hi Property Lovers

Over the next 4 months , I'm doing a 'Street By Street' short appraisal campaign. Property values in the Western Suburbs have changed over the last past 2 years. Perth not only witnessed the biggest housing boom West Australia has ever seen(2006- March 2008), but has also seen property values decline ,what seems overnight!( June Quarter 2008-present).

Residents we have spoken to are most interested to know the current value of their property as this allows them to pursue or reassess their personal financial initiatives or to ensure that their home is adequately insured.

Each appraisal will take no longer than 10 minutes and Strict confidentiality will be adhered to for each property.

If you are interested in receiving your appraisal earlier, or would like information on the current real estate market in Nedlands or the Western Suburbs, please feel free to call me for a confidential discussion.

Thinking of buying or Selling in Nedlands? Call me any time.

First Home Buyers

Hi Property Lovers

Doing some research over the net this morning, i came over a interesting article regarding first home buyers. I feel this can relate to this blog as Nedlands and some of the surrounding suburbs have great opportunities for First time home buyers. Nedlands in particular have great opportunities down Stirling Hwy, Broadway and the side streets surrounding UWA. Ive posted parts of this article below:

"IT'S the best time in seven years for first home buyers to get into the property market", a survey says.

A combination of static house prices and low interest rates have improved housing prices, according to the Housing Industry Association-Commonwealth Bank housing affordability index.

The index for first home buyers rose 22.3 index points in the March quarter to 175.8 points.

"This took housing affordability to levels not seen since 2002,'' said the report, published today.
The index was 69.9 points higher than in the March quarter of 2008, an improvement of 66 per cent.

"Part of the motivation was the Rudd Government's decision to extend their boosted first home buyer's grant boost in full until September".

For the full article please visit: http://www.news.com.au/business/money/story/0,28323,25500211-5013951,00.html

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

SOLD SOLD SOLD!!!!!!!!

Hi Property Lovers

Over the past few weeks Nedlands Realestate has been thriving! I have successfully negotiated the sale of 4 properties and now have more buyers than properties to offer!

37 WEBSTER STREET, NEDLANDS

SOLD, 10 days on the market, ENORMOUS amount of interest2 Genuine buyers missed out!

8 HILLWAY, NEDLANDS

SOLD,Strong enquiry throughout the entire marketing campaign, several prospective buyers miss out!

75 THE AVENUE, NEDLANDS

SOLD,one of Nedlands most PRESTIGIOUS properties, with strong interest throughout the entire marketing campaign.

23/35 THE ESPLANADE, NEDLANDS

SOLD, in one of Perth most EXCLUSIVE new developments,

If you are thinking of buying or selling, call the agent who DOES achieve the result your looking for.

Street Reports-LOUISE,MOUNTJOY,DALKEITH- (sth of Hwy)

Hi Property Lovers

Please see below for the property street reports for this week. I have once again focused on streets that are south of the Hwy that have sold since 2007. Please note that ive only done the south of the hwy part of Dalkeith Road.

LOUISE
23 Louise Street, Nedlands sold 27.11.2007 for $1,750,000
25 louise Street, Nedlands sold 13.9.2007 for $1,750,000
48 Louise Street, Nedlands sold 28.5.2008 $2,760,000

MOUNTJOY
4 Mountjoy Street, Nedlands sold 27.8.2008 for $928,000
51 Mountjoy Street, Nedlands sold 10.2.2008 for $1,800,000
77 Mountjoy Street, Nedlands sold 15.6.2007 for $2,370,000

DALKIETH (south of the Hwy)
61 Dalkeith Road, Nedlands $1,014,000

Remember, for a up to date free market apprasial of your property, contact me anytime.

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

"Solid As Bricks If Built With Caution"

Hi Property Lovers

Last Wednesday The Financial Review ran a interesting story regarding Self Managed Super Funds. Buying property inside a self managed super fund has advantages, but it must be handled professionally.

I'm going to add some interesting quotes from the article that i think may be help full and interesting.

"One advantage of direct control is that for the past 2 years trustee's of SMSF's have been able to borrow to increase returns. Although that borrowing is usually against property and only for limited resource loans (the financier can only take action against the property if the deal goes bad) for instalment purchase of the property, it counts as a significant edge. Super funds are normally forbidden to borrowing money."

"The set rules that allow do-it-yourself (DIY) super funds to borrow 0r invest are reasonably clear. the rules say DIY funds can generally not borrow to make investments unless they follow a particular process."

"Super funds are mindful of the risk, using the strategy correctly can introduce new diversification to a long term super fund portfolio"

PROPERTY INVESTING IS A LONG-TERM STRATEGY, PREFERABLY OVER TEN YEARS. INVESTMENTS FOR SHORTER PERIODS ARE LESS BENEFICIAL BECAUSE OF EXTRA COSTS, SUCH AS STAMP DUTY AND AGENT EXPENSES.

If you would like a copy of this article, please don't hesitate to contact me.

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

BACK IN BUSINESS!!!!

Hi Property Lovers

Sorry about the lack of updates, but the world of Real Estate in Nedlands has been non stop these last few weeks!!! Ive personally conducted 4 sales in the last 2 weeks to a total value of $9,280,000. Not only that but our team here at Mack Hall & Associates have done a whopping 87 Sales in the last 3 months.

I feel that we now have hit the bottom of the market, and buyer confidence is back at a level we haven't seen since the end of summer 2008. Properties that now come onto the market with their prices adjusted to what the market is will sell...rather then sit there for months on end with no action!

The moral of this is that if Vendor's are prepared to come onto the market at the current market value....YOUR HOME WILL SELL!

If you would like further information on any of my recent sales or any information on the current market, please don't hesitate to contact me.

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