Nedlands Market Update

by Morgan Sudlow In Uncategorized

18/07/2017 4:40:55 PM

Nedlands Property Report

 

The size of Nedlands is approximately 6 square kilometres. It has 6 parks covering nearly 9% of total area. The population of Nedlands in 2006 was 10,022 people. By 2011 the population was 10,170 showing a population growth of 1% in the area during that time. The predominant age group in Nedlands is 0-14 years. Households in Nedlands are primarily couples with children and are likely to be repaying between over $4000 per month on mortgage repayments. In general, people in Nedlands work in a Professional occupation. In 2006, 68.6% of the homes in Nedlands were owner-occupied compared with 68.4% in 2011. Currently the median sales price of houses in the area is $1,440,000.

With Recent information collected by CoreLogic RP Data, Nedlands, April this year the median sales price for a home in Nedlands was $1440,000, although down $60,000 from the same time last year, it is still up by $60,000 from April 2013.

With 139 properties sold in Nedlands in the past 12 months, the majority (97 properties) were sold between $1 and $2 Million dollars, with 23 properties sold for over $2 Million.

In the past 10 years Nedlands has seen the median house prices change as much as -19.23% in 2007 to +11.65% in 2013, and most recently in 2016 -0.66%.

 

 

 

Recent Median Sale Prices (Past 5 years)


Median Sales Price

Year 2013
Year 2014
Year 2015
Year 2016
Year 2017
Period
Median Price
Median Price
Median Price
Median Price
Median Price
January
$1,365,000
$1,500,000
$1,585,500
$1,515,000
$1,498,000
February
$1,355,000
$1,512,500
$1,575,000
$1,515,000
$1,448,500
March
$1,360,000
$1,510,000
$1,600,000
$1,500,000
$1,440,000
April
$1,380,000
$1,520,000
$1,575,000
$1,500,000
$1,440,000
May
$1,395,000
$1,540,000
$1,575,000
$1,520,000
n/a
June
$1,400,000
$1,550,000
$1,575,000
$1,500,000
n/a
July
$1,425,000
$1,577,250
$1,530,000
$1,500,000
n/a
August
$1,445,000
$1,577,250
$1,530,000
$1,500,000
n/a
September
$1,465,000
$1,580,250
$1,530,000
$1,500,000
n/a
October
$1,470,000
$1,600,000
$1,500,000
$1,500,000
n/a
November
$1,470,000
$1,592,750
$1,525,000
$1,495,500
n/a
December
$1,485,000
$1,600,000
$1,505,000
$1,495,000
n/a
Statistics are calculated over a rolling 12 month period


Recent Median Sale Prices (Past 12 Months)



Recent Median Sale Prices (House)

Nedlands
Period
Median Price
April 2017
$1,440,000
March 2017
$1,440,000
February 2017
$1,448,500
January 2017
$1,498,000
December 2016
$1,495,000
November 2016
$1,495,500
October 2016
$1,500,000
September 2016
$1,500,000
August 2016
$1,500,000
July 2016
$1,500,000
June 2016
$1,500,000
May 2016
$1,520,000
Statistics are calculated over a rolling 12 month period
Sales By Price (Past 12 Months)



Sales By Price - (House)

Nedlands
Price
Number
<$200K
1
$200K-$400K
0
$400K-$600K
2
$600K-$800K
6
$800K-$1M
10
$1M-$2M
97
>$2M
23
Statistics are calculated over a rolling 12 month period
Change in Median Price (Past 10 Years)



Change in Median Price (House)

Nedlands
Period
% Change
Dec 2016
-0.66%
Dec 2015
-5.94%
Dec 2014
7.74%
Dec 2013
11.65%
Dec 2012
-13.78%
Dec 2011
-4.78%
Dec 2010
5.19%
Dec 2009
-4.64%
Dec 2008
4.19%
Dec 2007
19.23%
(All information direct for CoreLogic RP Data)


If you or someone you know are thinking of selling a property in Nedlands, please
contact our office for further information or to speak to one of our professional, friendly and experienced sales team.

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Help Prevent Roof Leaks And Ceiling Damage At Your Property

by Morgan Sudlow In Renting, Uncategorized

10/05/2017 10:08:11 AM

The rains are fast approaching and traditionally May, June and July are our wettest months!

At Morgan Sudlow our property management team is constantly looking to prevent damage to our client’s properties by keeping a step ahead of the seasons. Regular cleaning extends gutter life, reduces the chances of roof leaks and prevents damage to the property and tenant valuables through water penetration.

Seasonal reminders to the owners of our properties for items such as gutter cleaning, reticulation maintenance and air conditioning servicing is just another way Morgan Sudlow protects our client’s investments.


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Movement On Waratah

by Morgan Sudlow In Uncategorized

4/04/2017 4:03:50 PM

The newly completed luxury apartment and commercial building “Dalkeith on Waratah” is now a hive of activity with new owners and tenants occupying the premises. These thirty one luxury apartments including nine exceptional third level penthouses are spacious and feature gallery-like mezzanine living areas.
Every apartment delivers beautifully proportioned living spaces, combined with a wide range of generous and practical floor plans, affording a unique sense of space and harmony.


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Dalkeith Market Update

by Morgan Sudlow In Uncategorized

4/04/2017 3:52:06 PM

The median house price in Dalkeith (based on settled sales @ 27th March 2017(REIWA)) is $2,350,000 with the Perth metro area median price being $526,000. The land price in Dalkeith is $1,650,000 with the Perth metro median price being $526,500.

The annual growth in Dalkeith has been 3.2% and 2.2% in the last quarter (REIWA).
As at 30 March 2017, there are currently 51 properties on the market in Dalkeith with listing prices ranging from $1,500,000 to $12,500,000 (Core Logic RP Data). There is a high demand for properties in Dalkeith with 553 visits per property per day, opposed to the average in WA being only 177 views (realestate.com.au).


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