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

Ladies Night Market in the beautiful surrounds of The Vines Resort

Ladies Night Market in the beautiful surrounds of The Vines Resort

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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 Men’s Shed Exhibition and Open Day**

The Men’s Shed are planning and exhibition of toys and other items made by members at The Shops on November 28th followed by an Open day on Thank a Volunteer day on December 5th, at 4 Transit Way Ellenbrook (near the Community Garden) at which products and tools will be offered for sale, tours of the workshops offered, and there will be a sausage sizzle on site.

This event will start at 10.00am and run until 3.00pm.

Ellenbrook set to get smaller blocks

Extracted from Ellenbrook Advocate 18 Nov 2015 The Advocate (Perth) Joel Kelly

ELLENBROOK is on track to have WA’s smallest green title lots at just 80sq m.

 

The WA Planning Commission has approved LWP Property Group’s amended development plan to create smaller lots near the Ellenbrook town centre.

This means a reduction of a third from the previous minimum green title lot size of 120sq m.

LWP has now applied to the City of Swan to progress the subdivision plan for the area and expects an approval next year.

At this point, LWP will be able to create the lots and construction of the two to three-storey homes will follow.

The final hurdle will be getting the development application for the buildings through the City of Swan.

When the council voted on the density increase in July, the proposal passed with eight out of 13 councillors voting in favour.

But some of those were eager to look over the final details when it returned to them at the development application stage.

Only eight lots will be 80sqm and two will be 89sqm out of the 290 dwellings planned in Ellenbrook’s Reveley precinct.

Project manager Megan Buckland said the proposed new homes were aimed at home buyers who wanted the convenience of town centre living without the cost of strata fees.

“The concept is to create an attractive two-bedroom home with the look and feel of a two-storey terrace inclusive of lock-up garages,” she said.

“The location of these lots is critical… LWP is only looking at sites in the Ellenbrook town centre.”

The lot and concept house designs were prepared after study tours of development projects in Queensland and South Australia, where small lot housing has already been built.

RobertsDay town planning director Tim Trefry said the tours were invaluable in determining the most appropriate lot dimensions and house layouts for Ellenbrook.

“The 80sqm lot is part of a range of urban lot and housing types that will be available in the Ellenbrook town centre,” he said.

“This product will cater for a range of demographics and assist in creating a vibrant and successful town centre.”

Swan Mayor Mick Wainwright said the council would determine how the small-lot trial would be assessed when it returned to planning officers.

“We’ll see what happens during that trial and see what the results are,” he said.

Ellenbrook movie event

 

There is always something on in Ellenbrook and surrounding areas and now that the weather has warmed up there is even more!

Family fun day in Aveley

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This looks like a great event for the whole family.