With only 38 sleeps until Christmas, you might be under the impression that it’s too late to list your property before the holidays. However, that’s not the case.
According to REIWA, October recorded the shortest average days on market ever recorded, with properties spending just 8 days on the market. This means there’s still a prime opportunity for property owners to list and secure a contract before Christmas.
Many buyers and investors are eager to finalize their plans for 2024, including considerations like school zones and investment strategies. With this decision-making mindset before the new year, there’s still time to sell or lease your property before Christmas.
Giving Back to Our Community
At White House, we’re adding an extra dose of passion to our work this month as we embrace the spirit of giving. We’re focusing our efforts on supporting St Patrick’s Community Support, a crucial organization assisting an increasing number of people in our community.
Having visited St Pat’s Community Support Centre in Fremantle, our Team witnessed first-hand the valuable support provided to those experiencing homelessness. St Pat’s CEO, Michael Piu, highlighted the surge in requests for support, ranging from food and shelter to medical and dental assistance.
As part of our commitment, the White House Team is donating $250 for every property sold between November 1st and December 17th. Additionally, we’re providing a $100 Christmas Hamper for every property listed for sale or lease during the same period. To further support the cause, we’re proud sponsors of the Freo Long Table Dinner on November 25th. This event is St Pat’s flagship fundraiser and we are so looking forward to what will be an amazing night of good food and live entertainment!
For those who would like to contribute to the St Pat’s Christmas Appeal, click here. If you’re interested in attending the Freo Long Table Dinner, you can purchase your tickets here.
THE LOCAL MARKET
Perth’s property market showed a slight 1.1percent increase over the previous week with 4,903 listings for sale last week. House listings rose by 4.2percent to 2,537, while unit and vacant land listings fell by 2.3percent to 1,302 and 1.9percent to 1,064 respectively. Overall, available properties for sale decreased by 2.6percent in the past month and 41.5percent compared to a year ago. We saw a 12.7percent decrease in sales transactions last week, totalling 1,010 reported by REIWA members.
Over the past seven days, the team at White House have put FIVE properties under offer, three in Fremantle, one in East Fremantle and one in South Fremantle.
We kicked off the weekend with our Auction at 14 Thomas Street, South Fremantle! Four bidders competed for the property with the eventual buyer being a local who had been looking for over a year. She’s delighted to have secured the perfect property in a quiet spot so close to the beach and all the vibrancy that the South Fremantle lifestyle offers.
After just one home open last weekend, 13C Chalmers Street, Fremantle quickly went under offer with two offers in competition. A lovely couple ended up securing this stylish contemporary home!
The character home at 45 Glyde Street, East Fremantle didn’t last long with three offers being presented and one lucky buyer securing the property in one of East Fremantle’s most sought-after precincts!
We also had two White House Confidential opportunities, both 2×2 apartments in Fremantle that were snapped up off-market this week.
If you would like to know more about how we can assist you with selling your property, whether it be on or off market, please don’t hesitate to reach out.
FRESH TO MARKET
We are delighted to have launched three new listings to the market this week in Fremantle and White Gum Valley.
FREMANTLE
Built in 1898, the unique 2 bedroom 1 bathroom residence at 2/8 Collie Street, with secure parking is the ideal home – right in the heart of central Fremantle, opposite the beautiful Esplanade Park and within footsteps of glorious Bathers Beach, the Fishing Boat Harbour and so much more. Unlock the potential of dual-zoning and take full advantage of this flexible opportunity and everything that it has to offer – you won’t regret your decision! Anticipating buyer interest in the $900,000s, possibly higher with competition. Open to view this Saturday, 18th November from 11-11:30am and Sunday 19th November 11-11:30am
Set in the creative hub of the Knutsford precinct is 50 Blinco Street, a character home that’s ideal to live in right now, with the opportunity to open up and make the most of the north-south orientation. Here you have the best of both worlds: an original brick-and-tile home with historic features and a large garden, amongst the cool contemporary eco-architecture that is springing up all around in this vibrant neighbourhood close to town. Anticipating buyer interest in the higher $800,000s, possibly more. Open to view for the first time this Saturday, 18th November 11-11:30am
WHITE GUM VALLEY
Designed on the principles of bringing the outdoors in, responding to the light and the seasons, and celebrating the timeless textures of natural materials, this is a wonderful creation at 113A Watkins Street. Spaces cascade in a series of pavilions made of steel-framed glass and rammed earth, with an inspiring sense of openness and flow. Internal courtyards blur the boundaries between inside and out, and a wide northern deck sits amongst flourishing greenery. With additional access from Lois Lane at the rear, this remarkable home is flexible as well as delightful – a true sanctuary in the warm Valley community. Anticipating buyer interest in the low $1millions. Open to view this Saturday, 18th November 1-1:30pm
WHAT’S NEW
EAST FREMANTLE
Beautifully designed formal gardens and a series of serene courtyard spaces frame the European-inspired interiors of the exceptional home at 3/72 Preston Point Road. Secluded up on the hill, complete privacy combines with wide open river vistas over to Rottnest on the horizon. Natural stone, marble, fine timber and the soft colours of luxurious paint finishes all create a feeling of quiet elegance, with easy indoor-outdoor flow to enjoy the environment in all seasons. Watch the boats passing by, walk down to parkland on the shore, dine at riverside restaurants, or entertain at home in style on the elevated garden terrace. This property is now priced From $1,700,000. Open to view this Saturday, 18th November 12:30-1pm
DEPARTMENT OF PROPERTY MANAGEMENT
REIWA has reported that there were 1,824 properties available to rent in Perth at the end of last week, a 4.9 percent increase from the week prior. The vacancy rate held steady at 0.7% in October, which means it has now been below 1% for 14 months, since August 2022. With the high demand for rental properties continuing, it is an opportune time to explore leasing out your property. Feel free to reach out to Monique Malarowski on 0418 228 524 monique@whitehouseproperty.com.au, or Veda Spence on 0499 171 457 veda@whitehouseproperty.com.au. We are here to assist you in any way.
And if you’re a prospective tenant, we have several opportunities available for you including the following:
SOUTH PERTH
Nestled in the very well-maintained Kensington Gardens, the apartment at 7/30 Banksia Terrace is ideally located with a short walk to the Swan River, public transport, cafes, shopping precincts and so much more. The residence is perfect for young professionals or downsizes. This generous apartment hosts 3 spacious bedrooms all with built-in wardrobe, 2 bathrooms, one secure parking bay, a resort style pool, barbecue area, and very own store room. This lovely light filled apartment features a large open-plan living, kitchen, dining area opening out onto an accommodating balcony. This property is available for lease from 4th December 2023. A minimum 12 month lease is preferred.
THIS WEEKEND
For the first time in 14 years, Coldplay will be playing in Perth at Optus Stadium on both Saturday and Sunday nights. We hope those of you heading there this weekend have a great time!
