Tag Archives: property for sale ellenbrook
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.
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.
Presentation is paramount
The following article is from The Real Estate Conversation July 30th 2015
Presentation is paramount
The big questions we get asked as agents are: How much should I spend on preparation? Where should I start? How much money do I need to spend to maximise the return?
In today’s real estate market it’s clear how important property presentation and styling has become and how much this can impact a sale.
Sellers across Australia are seeing an increase in returns on their investment in this area. However, you only need to look closer to home and visit open inspections on the weekend to see the significant impact this trend is having in our Adelaide market. Approximately 75% of residential properties for sale now incorporate some form of professional styling.
There is no denying that home styling adds to the bottom line of the sale price and there are many case studies of fantastic outcomes for properties. These case studies are well above what the clients expect… I was one of them last year when I sold my property in Parkside. The styling and presentation of my property, I believe, had a very significant impact, and I worked out that this would have added 10% to the property sale price!
So, with presentation and styling increasingly adding to a property’s return, why do we hear stories of some sellers spending $15,000 and receiving little to no return, while others can spend $8,000 and more than triple their return?
There is a science to this… and, as real estate agents it’s where we can step in to help you! Return on investment (ROI) for presentation isn’t just luck. Employing an agent with experience and market knowledge can really add valuable Intel in this area to help you maximise your sale price!
Many agents and sellers understand the concept of home presentation – making sure a property appeals to the maximum number of buyers, giving a maximum chance of competition and a maximum chance of achieving a premium result. There are also many articles written about this area, discussing strategies such as removing family photographs, personal items, de-cluttering, hiring furniture and giving the property a fresh paint etc. It all adds to broadening your property’s appeal. We believe there is more science to this to give you the best chance of a high ROI.
The big questions we get asked as agents are: How much should I spend on preparation? Where should I start? How much money do I need to spend to maximise the return?
This isn’t a one-size-fits-all approach. There will be different answers to these questions for every property, however, they will all start with the same approach. This is ‘starting with the end in mind.’
The science to working out how much you should spend and what preparation you should do, starts by working together with your agent and talking through who you believe will be the most likely buyer of the home.
What does this person look like? What is their lifestyle like? What do they do in their spare time? What do they want from their new home? A big clue, and an exercise we go through with our sellers is looking back to when they bought the property and remembering what attracted them to the home. Often the buyer profile will be very similar.
Once we get a clear picture of who the buyer is, the presentation plan of how much to spend and what to concentrate on to maximise returns becomes much clearer.
For example, if we were selling a modern townhouse in Norwood, we would look to attract young professional couples as we are finding they are looking in this area at the moment for this type of property. If the property had an old run down boundary fence it could significantly impact its attraction of this type of buyer to the property. Whereas, if you had a character ‘renovators delight’ property in the same area, with the same condition fence, the buyer profile is very different. This is a property that is extremely attractive to developers or renovators so fixing the fence before sale would be a waste of money.
While this is a relatively simple example, it can get very strategic and working through this process with experienced agents to highlight who the buyer will be and what they are likely to value provides huge insights and clues for vendors on how to optimise their returns, which is key to achieving great results!
Genevieve is Head of Sales & Marketing at Toop&Toop, the Adelaide firm started by her parents Anthony and Sylvia in 1985. After attending Geelong Grammar in Victoria, Genevieve went on to attain a Bachelor of Business (specialising in Marketing) at Monash University. Graduating in 2007, Genevieve came back to Adelaide…
Another fantastic initiative by the wonderful community minded residents of Ellenbrook
The following article appeared in the Ellenbrook Advocate Wednesday May 27th 2015;
THE Ellenbrook Men’s Shed’s latest project is set to capture the imaginations of young minds in the City of Swan.
Masters store support manager Peter Bouckley, Chris Bain who built the cubby, and library staff Aniek Ragan, Rosalie Dolliver and Lynda Tan. http://www.communitypix.com.au d437559
It is a book cubby, and it can be packed up and taken to schools or libraries in the Swan area.
The cubby has a desk inside, where children are encouraged to write and illustrate a small book about any conceivable topic.
Once the book is finished, one copy sits on the shelf and remains part of the nomadic library.
First stop for the cubby will be the Ellenbrook library where children in the regular reading workshops will have the chance to help paint the new book cubby.
While City of Swan librarians initiated the idea, it ended up as a community project.
The Men’s Shed built the cubby from materials donated by Masters in Ellenbrook. Call the library on 9297 9600.
Debt reduction the best strategy with low rates
The following post by Joe Sirianni appears in The Real Estate Conversations blog – to see article on the blog go to;
Use these rates to take years off your mortgage term and save hundreds of thousands of dollars in interest.
Debt reduction, rather than improved household cash flow, provides the best financial opportunities in the current record low interest rate environment. Last week’s decision by the Reserve Bank to further reduce the cash rate reinforces the merits of this strategy. Every mortgage holder would be well advised to make the most of these rates while they can.
This current interest rate situation may last for quite a while but it may also be short lived. The truth is, no one knows how long we are going to enjoy these rates. Record low rates tend to focus our intention on the obvious opportunities associated with cheap finance however, they actually present us all with an amazingly powerful opportunity to reduce our debts faster.
There are obvious financial benefits to making larger repayments in a low interest rate environment. Many appear to be heeding the message, with one major bank recently revealing that up to half of its customers plan to get ahead on their mortgage repayments by keeping their repayments at the same level. However, Smartline suggests it is a worthy strategy for anyone with a mortgage on their owner-occupier home.
Paying down debt that does not offer you a tax deduction on the interest expense is always going to be worthwhile. Foregoing the higher household cash flow benefit now provides major long-term financial benefits that every home owner would appreciate – taking years off your mortgage term and saving hundreds of thousands of dollars in interest.
Latest interest rate cut to benefit home buyers
The following article appeared in REIWA.com news on 6 May 2015…
“The Reserve Bank of Australia’s (RBA) decision to lower interest rates by a further 25 basis points to two per cent has been welcomed by the Real Estate Institute of Western Australia.
REIWA President David Airey said the rate cut presented home buyers with financial approval with a very good opportunity.
“There’s plenty of property to choose from in our sluggish market, with sales down by around 11 per cent on last year.
“People who have put off buying might now be enticed to act with such low interest rates and huge competition to lend,” Mr Airey said.
RBA Governor Glenn Stevens said the Board judged that inflation outlook provided the opportunity for monetary policy to be eased further and to reinforce recent encouraging trends in household demand.
Yesterday’s interest rate cut is the second this year, following the 0.25 per cent drop in February.” 
Another example of the wonderful community spirit of Ellenbrook residents
The Ellenbrook Advocate Reported on how Ellenbrook residents turned out in huge numbers to commemorate the Anzac Centenary. The ceremony was held at Woodlake Amphitheatre. Below is a post that local resident placed on The Advocates Facebook page about the event.
Janet Potsch This was a wonderful turn out to respect and remember the Anzacs……Mike & I decided to join the girls their hubbies and Aaron’s parents and brother at The Ellenbrook ceremony today. It was a great service very community based Girl Guides, Scouts , Police Cadets, schools , local RSL members and Politicians. We even had 2 Light horseman atop their army horses. Many wreaths were laid included one from the local Bunnings store proudly laid by our son in law Mark.the music, the readings were wonderful . well done Ellenbrook RSL !
Check out the picture gallery at: www.communitynews.com.au/…/Perths-Biggest-Anzac-Day-Ga…/4785
Living history celebrated at Ellenbrook
A wonderful event took place in Ellenbrook over the 28th and 29th March. An exhibit commemorated soldiers of families connected with Ellenbrook residents. The following post appeared in LWP’s Ellenbrook Facebook page. The event was made possible by the Ellenbrook sub branch of the RSL with assistance from LWP and the Great Living History Group. For more photos of the event go to LWP’s facebook page.
The Great War Living History exhibition at the Town Square in Ellenbrook on the weekend of 28 and 29 March was a special opportunity for locals young and old to learn more about our war heroes. The exhibit included a large framed photo of soldiers of the West Australian 44th Battalion voting in the conscription referendum at Neuve Eglise, Messine area, Belgium on 8 December 1917. Among the 35 soldiers was Corporal AL D’Arcy, father of local resident Margaret Kidson who is considered “living history” as she is the daughter of a Western Front ANZAC. Organised by the Ellenbrook sub branch of the RSL with assistance from LWP, the City of Swan and the Great War Living History group the exhibition generating many other photos and stories of Ellenbrook residents connected with the Great War.
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