Tag Archives: Aveley realestate
Ladies Night Market in the beautiful surrounds of The Vines Resort
REIWA Perth sales activity on the rise
Perth sales activity on the rise
NEW
04 March 2016
Sales activity in the Perth metro area increased significantly in February.
REIWA President Hayden Groves said the market had enjoyed a healthy rebound following the Christmas and New Year dip.
“reiwa.com data shows sales activity in Perth lifted 16 per cent over the month and five per cent when compared to November 2015.
“We’ve also seen that weekly sales over the last three weeks are higher than they were at the same time last year. While it’s too early to call this a trend it’s a good indicator that mobility in the market is beginning to improve,” Mr Groves said.
At a sub-regional level, the Central sub-region had the strongest increase in sales activity over the month lifting a healthy 37 per cent, followed by the North West sub-region with a 24 per cent lift.
“Baldivis in the South West sub-region and Canning Vale in the South East sub-region were the top selling suburbs in February, followed by Scarborough in the Central sub-region,” Mr Groves said.
Perth’s median house price etched back 1.1 per cent in the three months to February, coming in at $529,000.
Listings
Mr Groves said there had been a three per cent increase in listings stock in February which wasn’t surprising as vendors traditionally returned to the market at the start of the year.
“This is a marginal increase given the time of year, but it’s significant to note that listings are now eight per cent lower than they were in November which suggests this could be the early stages of a correction in a market of prolonged higher than average stock levels,” Mr Groves said.
Rental market
Perth’s overall median rent price held firm at $400 per week in the three months to February 2016.
In terms of houses and units, Mr Groves said the median price for both was unchanged over the month at $400 and $380 per week respectively, but each had dipped $10 per week when compared to November 2015.
“While tenants are still in a good position to secure a competitively priced lease in Perth, it’s encouraging for investors that rent prices are appearing to steady in 2016,” Mr Groves said.
Rental listings in the Perth metro area declined three per cent in February but remain above the long term average.
Happy Leap Year Day
Ellenbrook – What is in a name?
The following article is taken from LWP Ellenbrook’s Facebook page.
Did you know that each of our eight villages in Ellenbrook, as well as the name Ellenbrook itself, has a story behind it?
Ellenbrook, for example, is named after Lady Ellen Stirling, the wife of Perth’s Lieutenant Governor, Sir James Stirling.
Ellen was apparently known for her playfulness, youthfulness, a passion for learning, modern thinking, vibrancy, tolerance and acceptance. It is these qualities that were the inspiration behind the design and planning of the Ellenbrook community.
If you look closely, you will notice that throughout the town centre, Ellen’s personality is reflected in the public artwork and landscaping.
One of the key roads in the town centre is named for her (Ellen Stirling Parade) and a major distributor road (Drumpellier Drive) after the Scottish ancestral seat of the Stirling family.
Some good news for Ellenbrook and Aveley fitness heads.
The following article has been extracted from Ellenbrook and Surrounds Facebook page;
ELLENBROOK’S 1ST 24/7 POWER GYM IS EXPANDING ::
24/7 Power Fitness is expanding from 460sqm to a massive 1200sqm in just a few months {bigger and better!}
Located on Main Street, Ellenbrook {above Pulse Sports & Bendigo Bank}
Coming soon:
– Official Hammer Strength Training Centre (Bodybuilding area)
– A lot more machines, free weights and cardio gear
– Sled/Prowler track
– Power Racks and Lifting Platforms
– Separate Fitness Class room
– Separate Spin room
– Enclosed Ladies only area
– Protein shake bar
– Bigger Kid’s corner
– Ellenbrook’s largest range of equipment and fitness classes
Do you live in Ellenbrook or surrounds and want to learn conversational Italian? – The Ellenbrook Community Library can help.
The Library is hosting classes in conversational Italian which focuses on the day to day language people would use. Very useful if you are planning a trip to Italy or as a good starting point in learning Italian. Informal, low key fun way to learn a language.
The classes are on Monday nights during school term. See flyer for further details.
The land versus location debate!
The following article by Caroline James that appeared in realestate.com.au news section errs on the side of land with a backyard for capital growth over apartment living in inner city locations. Good news for us fortunate ones out here in Ellenbrook and Aveley and surrounds where the majority of home owners live on a decent size block.
Is there still value in the humble backyard?
When you think of a typical suburban home, what do you see from its window?
There may be kids playing cricket or adults gathered around a BBQ. Perhaps you see a swimming pool, a trampoline, a veggie patch or a deck?
Whatever you see, the enabling factor is almost certainly the home’s underlying land.
And yet population studies confirm our cities are becoming denser, and standard housing block sizes are getting smaller, ranging from 200 sq m to 350sq m on average (or roughly half what they were 30 years ago).
So what impact is this having on the value of the traditional backyard?
Developer Ashley Lewis of Five Squared has helped create 1000s of suburban backyards in new estate communities across middle and outer suburbs of Melbourne this past decade.
Lewis acknowledges some homebuyers are foregoing land to buy apartment homes closer to Australia’s CBDs.
But his firm view is a backyard does “get more valuable over time,” delivering more value because of its land.
A backyard delivers more value over time because of its land.
Lewis says backyards have intrinsic value because they offer:
- Room for expansion if you later decide to add a rumpus room or a pool;
- Room for children (or future children) to run around;
- Greater prospect of capital gain over apartments in saturated inner/middle suburbs;
- A desirable lifestyle with more private entertaining options;
- If located in a planned community, proximity to amenities and services.
“They (backyards) may be a bit smaller than they used to be but the fundamentals of what has always made backyards appealing are still there,” Lewis says.
“Average block sizes are getting smaller so there is a little less grass to mow on the weekends, but that isn’t necessarily a bad thing.”
A little land, a lot of value
Hocking Stuart Mentone Sales Manager Simon Wendt believes many buyers are turning to apartment homes because of affordability and a low-maintenance lifestyle.
The southern bay-side Melbourne agent adds that “given a choice” most people would prefer a home on their own land, citing latest median sale price statistics from the Real Estate Institute of Victoria, which show house prices in Mentone rising by 1.23%in the September quarter compared to 1.19% for apartments.
“The divide between apartments and houses (values) will continue to become more pronounced because there is a high value attached to it (a yard),” Wendt says.
“As long as people can afford to, if they look just outside the inner radius of suburbs they’ll still find older houses with backyards for the same prices as new townhouses and it is these middle-ring properties with land that stand to most benefit long-term.”
Read more: Investing in property – apartment or house?
In the green corner
Josh Byrne is an independent advocate for the 202020 Vision, a not-for-profit initiative to see 20% more green space in dense urban areas by 2020.
Byrne says it will come as no surprise that the size of the average Aussie backyard is shrinking and the number of people moving to apartments is increasing. But he also notes growing interest in gardening and outdoor living, especially from young families who are recognising the benefits of getting kids outside.
The Aussie backyard is shrinking and the number of people moving to apartments is increasing.
“Bigger blocks and expanding suburbs are not the answer, but perhaps smaller houses with better designed blocks and shared green spaces are,” Byrne says.
“For those who are lucky enough to have some decent existing garden space around them, maybe think twice before building over it, you might be surprised how much value it adds.”
Read more: 6 simple ways to enhance your garden
The last word on backyard values
“Land, they just don’t make it any more,” quips Managing Director of Herron Todd White in Melbourne, Tony Kelly.
“As we learnt in high school, markets react to supply and demand forces and as we are not able to add supply to the freehold market, we can to the vertical or strata market, which drives up capital appreciation faster for freehold property (the backyard) versus apartments.”
Governments and people reflect the value of the backyard when they relax planning to allow medium density development, Kelly says.
“The free market does the rest as home owners sell to developers (and) in the valuation profession we seek to understand the ‘the highest and best use’ of the land, which in many cases, particularly inner suburbs, means the backyard is no longer a nice thing to have but a development opportunity.”
“Some will say that we, as Australians, have been slow to give up the humble backyard compared to some countries.
“But this is changing as affordability pressure pushes backyards further from the CBD and people face the trade-off of reduced travel times and convenience versus spaces to live in.”
Neighborhood BBQ in Annie’s Landing Village in Elenbrook
Are you currency living or moving to Annie’s Landing?
Would you like to meet your neighbours and help to create a community to be proud of?
There will be a BYO Picnic on Sunday 22nd March at 2pm in the park next to the children’s playground.
This is an opportunity to make new friends and help create a safe and happy community.
Google Annie’s Landing Facebook to see the Facebook event.
Another great community event in Ellenbrook.
Ellenbrook Open Art Award 2015.
If you are one of the lucky ones who shows a flair in the artistic endeavors – this may be of interest for you. Or if you enjoy appreciating or purchasing the creations of others you may also be interested.
This is a chance for you to show your art in an Exhibition from 16th May-31st May at The Gallery – 34 Main St Ellenbrook.
Entries need to be submitted by 5pm Sunday 3rd April.
All forms of visual arts can be submitted eg, paintings, jewelry, glass, ceramics, photography, sculpture etc
$4,500 in prize money is available with $1,500 for the most outstanding work.
For further details see link below.
http://www.ellenbrookarts.com.au/events/
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