THE LOCAL MARKET
We saw a huge amount of activity in the local market over the past seven days with our team negotiating 24 offers across 8 properties during the week. We are delighted to have secured contracts on SIX properties (with others still in the works).
A closing time for offers in East Fremantle on Monday kept East Fremantle Specialist Stefanie Dobro and her team busy with 14 offers across two properties! We had eight eager buyers vying for the opportunity to purchase 70 Alexandra Road, East Fremantle. Our lucky buyers are looking forward to enjoying the incredible light and lifestyle that comes with their new home.
The demand for a large block with further potential to add value was strong with the closing date for offers delivering six competitive offers to purchase the delightful home on a 931sqm block at 26 Walter Street, East Fremantle. Our lucky successful buyers had missed out on another property locally and are looking forward to moving in!
Property prices in East Fremantle (and locally) are still on the move so if you are thinking of selling or would simply like to understand the new value of your property in the current market please reach out!
Advisor & Negotiator Emma Hatch placed the unit at 53/157-161 Hubert Street, East Victoria Park under offer to a young first-home buyer who is excited to have secured their start in the property market!
And over in Hamilton Hill, the opportunity to renovate and/or subdivide was appealing to several parties with lucky buyers from the western suburbs securing the property at 15 Burridge Way, Hamilton Hill with a strong cash offer. They are looking forward to renovating the property to create a beautiful home for their family.
We are also seeing a number of subject to sale offers coming in. With continued limited stock levels, provided the subject-to-sale property is ready to market, many sellers are open to working with a subject-to-sale offer where the price and conditions are competitive, and the subject-to-sale listing will be marketed by a skilled agent. In several cases we are preparing all of the marketing for subject-to-sale and bridging purchasers so that they can come to market as soon as they secure their next home.
If you’d like to find out more about the results we are achieving for our sellers, how you can position your offer better to secure your next dream home or investment, or how we can help you get your property ready for sale, please reach out as we are here to help advise and guide you!
THE RENTAL MARKET
In the rental market, the number of properties available for rent dipped by 3.4 per cent, with just 2,084 rentals available by the end of last week. This figure is 9.2 per cent lower than four weeks ago but 25.2 per cent higher than a year ago, signalling increased pressure on the rental market.
If you have been considering leasing your property or would like to know more about leasing your property, please get in touch with Monique Malarowski on 0418 228 524 monique@whitehouseproperty.com.au or Veda Spence on 0499 171 457 veda@whitehouseproperty.com.au.
And if you’re a prospective tenant we have ONE new property available for lease;
FREMANTLE
Welcome to this wonderfully spacious apartment at 207/52 Adelaide Street, ideally located in the heart of Fremantle’s vibrant community! This modern 2-bedroom, 2-bathroom residence is thoughtfully designed for both comfort and convenience. Located just minutes from Fremantle’s bustling cafes, shops, and the train station, this apartment delivers the perfect blend of modern living and a prime location, offering a fantastic lifestyle opportunity! This property is available to lease from the 1st of October 2024, for $880 per week, with a preferred 12 month lease term. Applications accepted through 2Apply.
