Swan Valley Realty News: Ellenbrook Bus Rapid Transit (EBRT) Way overview

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Ladies Night Market in the beautiful surrounds of The Vines Resort

Ladies Night Market in the beautiful surrounds of The Vines ResortLadies Night Market at The Vines Resort

REIWA Perth sales activity on the rise

Perth sales activity on the rise

NEW

 

Perth sales activity on the rise - reiwa.com

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.

Movies at Ellenbrook

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    ANOTHER Marvelous Marvel Movie – indoor theatre with outdoor and indoor pre-show entertainment. 

    Snacks, popcorn, and drinks available – movie ticket gets you a free kids pizza at CRUST GOURMET.

    4:30 pm – entertainment starts
    5:30 pm – movie starts

     
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New primary school in Annie’s Landing

LWP Property Group were out at Annie’s Landing, Ellenbrook this week and have posted these photos on their Facebook page stating that “the new primary school is really starting to take shape, which is super exciting to see. It is due to be opened in time for Term 1 next year”

What an inspiration this young Aveley man is!

  • Article taken from; 26 Aug 2015
  • Ellenbrook Advocate

COMMUNITY GETS BEHIND STUDENT’S INITIATIVE

A WALK in the park was enough to inspire Aveley Primary School’s Ben Spargo to devise a way to clean up his suburb and raise funds for his school camp.

whataninspirationPicture: David BaylisAveley Primary School teachers Stephanie Dugdale and Kylie Davis with Brett Spargo, school principal Helen Fiebig and Swan Hills MLA Frank Alban with Ben Spargo (11, front). http://www.communitypix.com.au d442356

The 11-year-old student organised a clean-up last Friday from the front lakes of Aveley through the park and towards The Vines.

“We were thinking how lucky we are to have a wonderful environment in the local area, but then we saw some rubbish,” he said.

After approaching Aveley developer Stockland, Ben received a $500 donation towards the clean-up effort and school camp. Ben and his dad, Brett Spargo, then contacted Swan Hills MLA Frank Alban, who arranged for free tip passes.

David Lombardo and his family business, All Metro Bins, also arranged a free skip bin. Mr Alban and Mr Spargo hope Ben’s idea can be replicated in other schools looking to tidy up their community.

Stockland’s senior development manager Stuart Sinclair said he was pleased to support and contribute to local, grass roots efforts to improve and enhance the community in and around Aveley.

Minimum increase in rates but major works still to continue in Ellenbrook

Minimum increase in rates but still major works to continue in Ellenbrook. Although the City of Swan is keeping rate increase low this year to minimize any financial impact in these challenging economic times,they are borrowing to continue with major works such as the Ellenbrook Community Building, the southern playing fields for Ellenbrook Open Space and upgrades to Gnangara Rd.

The following is an article from Ellenbrook Advocate Wednesday July 8th 2015;

THE City of Swan’s budget for 2015-16 was released last week and includes funding for major projects in Ellenbrook, Midland and the Swan Valley.

RATES in the City of Swan will climb 3.25 per cent this financial year, following a trend of low rate rises across most metropolitan local governments this year

Swan’s last budget saw a 5 per cent rate increase and a publicly unpopular special levy applied to northern properties for a bridge over the Ellen Brook, which was later repealed.

In this year’s budget, the City has aimed to minimise financial impact on ratepayers, citing the current challenging economic climate in WA.

Swan’s 3.25 per cent rate rise absorbs an 8 per cent spike in the cost of utilities.

A State Government imposed landfill levy increase of 100 per cent will also be passed on to local ratepayers through the City’s sanitation charges.

Chief executive Mike Foley said he had to balance increasing demand for amenities and services with the aim of minimising financial burden to ratepayers.

“Everyone’s feeling the pinch a bit – unemployment is up in the area a bit we’ve noticed,” he said.

“Inflation is down around 22.5 per cent so we want to make sure we’re keeping our services relative but at the same time meeting the needs of the future.”

This financial year will also see the City increase its borrowing by raising new loans to almost $15 million, costing nearly $1m a year in debt servicing.

The debt will pay for big-ticket items like Paradise Quays aged care in Ballajura, land for Dayton’s neighbourhood park, a district park for Dayton, the Ellenbrook community building and the southern playing fields for Ellenbrook District Open Space.

Expenditure this year will reach $145.9 million, of which $71.2 million will be spent on staff and $42 million will be spent on capital works.

Taking into account all budgeting factors, the City’s overall surplus is at $439,000.

“The challenge has always been to provide the infrastructure that people want and particularly to fund the new requirements of new residents coming into the area,” Mr Foley said.

“We’ve taken out a loan program of some $14.5 million to help fund those big projects.”

Mr Foley said work on upgrading Gnangara Road would continue this year, and upgrades to Lloyd Street and Bishop Road in Midland would start.

The City will also see assets from developers of new estates roll over to its portfolio.

“We’re picking up some $42 million of assets from developers this financial year and that’s in the form of roads, drainage and new parks,” Mr Foley said.

“These are assets they have to give to us on top of developer contribution plans.”

Minimum increase in rates

Swan CEO Mike Foley

Minimum increase in rates but still major works to continue in Ellenbrook

Minimum increase in rates but still major works to continue in Ellenbrook. Although the City of Swan is keeping rate increase low this year to minimize any financial impact in these challenging economic times,they are borrowing to continue with major works such as the Ellenbrook Community Building, the southern playing fields for Ellenbrook Open Space and upgrades to Gnangara Rd.

The following is an article from Ellenbrook Advocate Wednesday July 8th 2015;

THE City of Swan’s budget for 2015-16 was released last week and includes funding for major projects in Ellenbrook, Midland and the Swan Valley.

RATES in the City of Swan will climb 3.25 per cent this financial year, following a trend of low rate rises across most metropolitan local governments this year

Swan’s last budget saw a 5 per cent rate increase and a publicly unpopular special levy applied to northern properties for a bridge over the Ellen Brook, which was later repealed.

In this year’s budget, the City has aimed to minimise financial impact on ratepayers, citing the current challenging economic climate in WA.

Swan’s 3.25 per cent rate rise absorbs an 8 per cent spike in the cost of utilities.

A State Government imposed landfill levy increase of 100 per cent will also be passed on to local ratepayers through the City’s sanitation charges.

Chief executive Mike Foley said he had to balance increasing demand for amenities and services with the aim of minimising financial burden to ratepayers.

“Everyone’s feeling the pinch a bit – unemployment is up in the area a bit we’ve noticed,” he said.

“Inflation is down around 22.5 per cent so we want to make sure we’re keeping our services relative but at the same time meeting the needs of the future.”

This financial year will also see the City increase its borrowing by raising new loans to almost $15 million, costing nearly $1m a year in debt servicing.

The debt will pay for big-ticket items like Paradise Quays aged care in Ballajura, land for Dayton’s neighbourhood park, a district park for Dayton, the Ellenbrook community building and the southern playing fields for Ellenbrook District Open Space.

Expenditure this year will reach $145.9 million, of which $71.2 million will be spent on staff and $42 million will be spent on capital works.

Taking into account all budgeting factors, the City’s overall surplus is at $439,000.

“The challenge has always been to provide the infrastructure that people want and particularly to fund the new requirements of new residents coming into the area,” Mr Foley said.

“We’ve taken out a loan program of some $14.5 million to help fund those big projects.”

Mr Foley said work on upgrading Gnangara Road would continue this year, and upgrades to Lloyd Street and Bishop Road in Midland would start.

The City will also see assets from developers of new estates roll over to its portfolio.

“We’re picking up some $42 million of assets from developers this financial year and that’s in the form of roads, drainage and new parks,” Mr Foley said.

“These are assets they have to give to us on top of developer contribution plans.”

Minimum increase in rates

Swan CEO Mike Foley