News

Historically low stock levels in the City of Belmont

By Andrew Huggins

According to REIWA, listings in The City of Belmont have fallen to their lowest level in many years. With 197 properties listed for sale representing approximately 1.3%, the area has become a seller’s market. With the median price for the six suburbs – Belmont, Rivervale, Ascot, Cloverdale, Kewdale and Redcliffe – being lower than the Perth median and being only 4 to 9km from the CBD the area is growing in popularity particularly with First Home Buyers and investors. A large number of buyers are in the mining industry. The prices as well as the proximity to the airport has made this a hotzone for young FIFO buyers entering the market both as owner occupiers and as 1st time investors. Home open numbers are up and new listings are often seeing multiple offers at or before the first home open. Last week an older property on McLachlan Way Belmont asking $450000+ had 10 buyers view the VIP open before it hit the internet and sold with 2 offers for $475,000. This same property had been on the market exactly a year ago and could only attract offers at $430,000.

If you are looking to sell your property or require property management services please call 08 9277 3555

Up to Date

Latest News

  • Vacating Your Rental Property

    PREPARING TO VACATE YOUR RENTAL PROPERTY Moving out of your rental property involves more than just packing up your things and returning the keys. In order to pass your final inspection and complete the rental process properly, there are certain tasks you will need to take care of. Below is … Read more

    Read Full Post

  • FINDING THE RIGHT TENANT IN A TOUGH MARKET

    The most important task we can do for a landlord is to find the “right” tenant, in the shortest timeframe, for the highest possible rent. To achieve this there are three key elements that we must get right – price, promotion and presentation. Whether your property is being marketed for … Read more

    Read Full Post