Peppermint grove sales activity report 2014

COTTESLOE

The Peppermint Groveand Mosman ParkSales Activity Report

Jody Fewster

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It’s 2014 and the market is on the move.

The bottom up recovery of the Perth Property market continues with the Median House Price reaching a record of $545,000. The changes to the First Home Owner Grant have shifted the focus from existing dwellings to new builds (Changes included raising the grant for new home builds from $7,000 to $10,000 and reducing the grant for existing dwellings from $7,000 to $3,000). Investors are also showing renewed interest in the market chasing higher returns than the Banks can offer with our historically low interest rates. The Reserve Bank has decided to leave interest rates on hold this month in line with the short term forecast. In addition, rising competition in the Banking sector from smaller mortgage lenders is forcing the big banks to be even more aggressive on their mortgages which assists those clients wanting to purchase property now.

There has been a flood of money out of term deposits and this is a good sign for the other asset classes of equities and real property. A good sign indeed for the residential housing market.

On the international front, the US economy finished 2013 on a solid, if not exciting, footing with rising exports, consumer spending and business investment giving the Federal reserve enough confidence to commence “tapering”. The Eurozone also appears to be stabilising with Banks easing the flow of money into business thus promoting growth. And Western

Australia’s two largest trading partners, Japan and China, are both also showing solid growth.

What does all this mean for the residential property in Western Australia? Growing confidence in corporate Australia, continued population growth, a lower dollar and forecasts for continued low interest rates mean housing is tipped to fill the void from the pull back in mining. At the time of writing new home applications are reaching an all time high.

For Peppermint Grove in particular we have seen a stand out performance over the last 12 months. There were 36 sales in 2013 compared with 29 in 2013, and 16 in 2011. We are seeing generational change with several significant sales. It certainly seems The Esplanade is in play. There have been 3 significant sales in the river front address and another 2 properties have just come on the market as I go to print. These top end multimillion dollar sales are providing impetus for further top end sales in both Peppermint Grove and Mosman Park.”

Authored by Jody Fewster

[email protected]

Peppermint Grove Mosman Park

Residential Sales Statistics from rpdata.com.au and REIWA six months to 31 January, 2014 including agent advice*All statistics correct at the time of printing*

Recent Residential Sales Statistics

Jody Fewster0414 688 988

Number of homes sold in the past 6 months 10 73

Number of homes for sale today 24 103

Highest sales price in the last 6 months $13,000,000 $4,700,000

Lowest sales price in the last 6 months $499,000 $254,000

Number of homes sold in the 2013 calendar year 36 227

Average sale price $3,645,944 $1,193,334

Median sale price $3,165,000 $968,000

Number of homes sold in 2012 calendar year 29 225

Average sale price $2,639,785 $1,124,568

Median sale price $2,125,000 $880,000

Most Recent Sales in the Peppermint Grove & Mosman Park areas (Aug 2013 - Jan 2014) All care is taken to provide accurate date.

36 The Esplanade 3/12/2013 $13,000,000 4 Bed, 3 Bath, 4 Car, 1,758 sqm45 Irvine Street 23/09/2013 $5,000,000 4 Bed, 2 Bath, 3 Car, 2466 sqm39 Leake Street 11/09/2013 $3,900,000 3 Bed, 2 Bath, 2 Car, 1079 sqm43A View Street 26/10/2013 $3,700,000 3 Bed, 2 Bath, 2 Car, 1273 sqm11 Leake Street 04/08/2013 $3,575,000 4 Bed, 5 Bath, 2 Car, 1080 sqm47B Irvine Street 03/11/2013 $3,500,000 3 Bed, 3 Bath, 2 Car, 905 sqm33R Keane Street 01/01/2014 $2,250,000 4 Bed, 2 Bath, 2 Car, 979 sqm2/113 Forrest Street 18/08/2013 $2,000,000 3 Bed, 2 Bath, 2 Car, 205 sqm3 Harvey Street 14/12/2013 $1,600,000 4 Bed, 2 Bath, 2 Car, 466 sqm8/126 Forrest Street 07/09/2013 $499,000 1 Bed, 1 Bath, 1 Car, 71 sqm

9 Owston Street 06/09/2013 $4,700,000 5 Bed, 4 Bath, 2 Car, 809 sqm50 Bay View Terrace 08/10/2013 $4,610,000 5 Bed, 3 Bath, 4 Car, 1012 sqm1 Arthur Street 07/08/2013 $3,100,000 6 Bed, 3 Bath, 2 Car, 1062 sqm55 Mathieson Avenue 05/09/2013 $3,050,000 4 Bed, 2 Bath, 3 Car, 406 sqm21 Hope Street 23/10/2013 $2,815,000 5 Bed, 3 Bath, 2 Car, 746 sqm16 Arrowsmith Lane 05/09/2013 $2,680,000 4 Bed, 2 Bath, 2 Car, 622sqm11 Saddington Crescent 03/12/2013 $2,650,000 5 Bed, 4 Bath, 2 Car, 700 sqm9 Glenn Avenue 28/08/2013 $2,500,000 5 Bed, 3 Bath, 2 Car, 821 sqm26 Jameson Street 16/10/2013 $2,100,000 4 Bed, 2 Bath, 2 Car, 526 sqm62A Palmerston Street 06/11/2013 $2,097,500 4 Bed, 3 Bath, 2 Car, 744 sqm37 McCabe Street 01/09/2013 $1,980,000 4 Bed, 3 Bath, 2 Car, 424 sqm16 Riversea View 24/10/2013 $1,850,000 4 Bed, 3 Bath, 3 Car, 1069 sqm11 Faulkner Circle 15/08/2013 $1,775,000 4 Bed, 2 Bath, 2 Car, 416 sqm11 Chipperfield Court 13/09/2013 $1,750,000 4 Bed, 2 Bath, 2 Car, 434 sqm16A Portsea Rise 10/11/2013 $1,710,000 4 Bed, 2 Bath, 2 Car, 420 sqm7 Somerset Crescent 14/08/2013 $1,660,000 3 Bed, 2 Bath, 2 Car, 869 sqm1 Sheila Street 20/09/2013 $1,550,000 4 Bed, 2 Bath, 4 Car, 1017 sqm21 Manning Street 22/11/2013 $1,500,000 4 Bed, 2 Bath, 2 Car, 647 sqm16 Swan Street 18/10/2013 $1,500,000 4 Bed, 3 Bath, 2 Car, 465 sqm27A Murray Avenue 18/10/2013 $1,420,000 3 Bed, 2 Bath, 2 Car, 730 sqm138 Wellington Street 10/08/2013 $1,410,000 5 Bed, 2 Bath, 2 Car, 704 sqm10 Rhodes Place 06/09/2013 $1,390,000 4 Bed, 2 Bath, 2 Car, 790 sqm5 Cable Cove 05/10/2013 $1,325,000 4 Bed, 2 Bath, 2 Car, 964 sqm9 Manning Street 07/10/2013 $1,310,000 3 Bed, 2 Bath, 2 Car, 647 sqm15A Victoria Street 17/09/2013 $1,280,000 4 Bed, 2 Bath, 2 Car, 383 sqm2/1 Johnson Parade 26/08/2013 $1,220,000 2 Bed, 2 Bath, 2 Car, 142 sqm58 Samson Street 11/11/2013 $1,200,000 3 Bed, 1 Bath, 1 Car, 758 sqm5 Platt Close 21/10/2013 $1,200,000 3 Bed, 2 Bath, 2 Car, 566 sqm10 Fairlight Street 14/09/2013 $1,200,000 4 Bed, 3 Bath, 4 Car, 756 sqm29A Harvey Street 14/01/2014 $1,175,000 3 Bed, 2 Bath, 325 sqm87A Victoria Street 27/10/2013 $1,170,000 4 Bed, 3 Bath, 2 Car, 681 sqm20 Bryant Avenue 17/08/2013 $1,170,000 4 Bed, 1 Bath, 2 Car, 647 sqm50 Samson Street 30/11/2013 $1,150,000 2 Bed, 1 Bath, 2 Car, 759 sqm104 Victoria Street 21/08/2013 $1,150,000 3 Bed, 2 Bath, 541 sqm156A Wellington Street 01/08/2013 $1,150,000 3 Bed, 2 Bath, 2 Car, 666 sqm40 Gill Street 26/10/2013 $1,125,000 2 Bed, 1 Bath, 2 Car, 513 sqm66 Monument Street 02/11/2013 $1,105,000 4 Bed, 2 Bath, 1 Car, 524 sqm47 Somerset Crescent 25/11/2013 $1,100,000 4 Bed, 3 Bath, 1 Car, 501 sqm72 Glyde Street 25/10/2013 $1,100,000 3 Bed, 2 Bath, 2 Car, 374 sqm20 Samson Street 05/10/2013 $1,100,000 3 Bed, 2 Bath, 2 Car, 731 sqm15 Glanville Street 20/12/2013 $1,020,000 3 Bed, 1 Bath, 3 Car, 524 sqm

PROPERTY SOLD DATE SALE PRICE SUMMARY

Residential Sales in the Peppermint Grove and Mosman Park Areas

Peppermint Grove (all)

Mosman Park (above $1m)

Residential Sales Statistics from rpdata.com.au and REIWA six months to 31 January, 2014 including agent advice* All statistics correct at the time of printing*

Kids of all ages will keep busy with a wide variety of free activities. There will be Learn2Skate Clinics from 2pm to 6pm, Kite making workshops by Kite Kinetics between 3pm and 5pm, Urban Art Workshop sessions between 2.30pm and 5.30pm.

In addition there will be a climbing wall, giant inflatable obstacle course, pony rides, jumping castle, craft activities, face painting and much more to enjoy. The afternoon culminates with the first ever performance in Western Australia by singer-songwriter and 2012 Australia’s Got Talent finalist Mark Lowndes from 5pm to 6pm.

ACTON COTTESLOE 500 STIRLING HIGHWAY, PEPPERMINT GROVE 6011 T: 08 9384 6999 WWW.ACTON.COM.AU

JODY FEWSTER 0414 688 [email protected]

Have you been thinking of selling now or in the coming months? Book an Appraisal with me to find out how much your home is worth in the current market and for advice on the marketing strategies and rigorous processes that will maximise your chances of achieving a premium.

Buying? If you would like to be informed of our new and quiet listings before the general public and have the chance to attend private viewings, call or email me with your requirements. I look forward to hearing from you.

Peppermint Grove and Mosman Park Sales Activity Report February 2014

Our attention now shifts to a another worthy cause. Bright Blue, the Police Commissioner’s charity is set up to help kids across Australia. The Benefit is being held specifically to support the work of June Oscar, a woman from Fitzroy Crossing working to improve the lives of children with Fetal Alcohol Spectrum Disorders. In 2013, June was appointed an officer in the Order of Australia for her work.

The Benefit will be held at the State Reception Centre. A three course meal will be prepared by Chris Taylor, Executive Chef of Fraser’s, as well as Danny Angove, Head Chef at Leeuwin Estate.

For more information on this wonderful Charity and this event specifically please go to www.brightblue.org.au or call 9222 1724.

There is nothing more satisfying that seeing a project through to completion. The Sarana Early Childhood Education and Care Centre officially opened its doors on Thursday 30th of January 2014. I was excited to be a part of the opening and see our last three years of fund raising for this non profit organisation come to fruition.

They are still raising funds and you can continue to support the development of this valuable service and make a significant difference in the lives of vulnerable children. Donations can be made through the website at www.cyrenianhouse.com. Cheques and Credit Card Payments can be arranged by calling 9328 9200.

Community Events In Our Neighbourhood

Mosman Park Community Fair – Sunday 30th March, 2014

Saranna Child Care Centre Opened

The Inaugural Police Commissioner’s Bright Blue Benefit 2014 – Saturday 3rd May 2014

Giving Back To The Community

Your Resident Property Specialist

Photography by Jane Wishaw Media and Marketing Consultant www.journeysbyjane.com