Category Archives: News

Suburb Snapshot – Highgate

REIWA advised trend for the week ending 2nd February 2016, reported sales increased 36% to 723 sales this week, as sales continue to trend up following the Christmas and New Year dip.
This week’s increase can be attributed to a 34% increase in house sales, as 35% increase in unit sales and a 49% lift in land sales.
In line with the increase in sales, the total number of properties listed for sale this week declined 1% to 14,782, from 14,997 last week
Listings for houses and units have both seen a 1% decrease, while land listings dropped off 3%. Despite this, listings remain 3% higher than four weeks ago and 15% higher than the same time last year.
Turning to the rental market, and REIWA members reported a 1% decline in the total number of properties available for rent over the week, with the figure dropping from 10, 104 last week to 10,042 this week.
This figure is 2% higher than four weeks ago and 58% higher than the same time last year.
Overall the Perth Property market is showing signs of stabilising with the latest REIWA research showing that the median house price increased to $540,000 for the quarter ending 31st December 2015.

Suburb Snapshot – Highgate
Highgate is an inner city suburb 2km north of the Perth CBD with a population of just under 2000 people. Highgate boasts a charming mix of heritage/art deco influenced real estate set within a vibrant entertaining percent with a wide range of restaurants and coffee/gift Shops.
Beaufort Street is the hub of Highgate, with pubs, wine bars, shops, restaurants and cafes. In 2015 median house price was $985,000 and was a top performing suburb with a 2015 growth in price 11.6% and opposed to the overall Perth metro region which showed -1.8%.

Jacaranda Gardens – Canningvale

We note that the sale of Jacaranda Gardens retirement village time for expressions of interest have been extended to the 5pm Friday 20th June, 2014.

 

Major Valuations wishes you a very merry Christmas

Department of Commerce - Government of Western Australia - Major Valuations

Merry Christmas to all.

Old year 2013 is coming to an end and we all started to sum up achievements and defeats that happened in the previous years trying to enforce successes and avoid mistakes in upcoming ones. The whole team wishes you all the best for 2014. Let your decisions be always the good ones and your strategies applied for next months, successful.

Enjoy the moments with your friends and family, letting yourselves to forget about your professional life for a moment, before you jump back to it at the beginning of 2014! Merry Christmas!!