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Licensed Real Estate Agents Shelley and Mark are renowned for their exceptional customer service, strong local knowledge and high ethical standards. 

 
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Murdoch Hub tipped to drive push for Perth’s southern suburbs

by ShelMarkblog In Uncategorized

17 August 2017

The Murdoch Activity Centre has been touted as one of Perth’s largest property projects, kicking off with the construction of the Murdoch Health and Knowledge Precinct.

The $200 million project will consist of:

• A 60-room medi-hotel, a facility that will be built next to Fiona Stanley Hospital and will take the pressure off overcrowded local hospitals,
• A 150-bed aged care facility,
• 175 residential apartments, and
• Around 13,000sqm of medical and commercial space.

Health Minister Roger Cook said the development exemplified Premier Mark McGowan’s Metronet vision “to establish smart, sustainable and vibrant communities”.

The development company building stage 1, Fini Group has flagged the need to employ around 1300 people during the three-year construction phase.

Murdoch Health and Knowledge Precinct will take 10 to 15 years to develop and is a part of the broader Murdoch Activity Centre, which is expected to create 35,000 jobs, and house 22,000 residents and 44,000 students. It is great news for property owners and potential new property owners in the surrounding area.

We currently have 2 Green Title blocks of land for sale in Leeming which is very close to the Murdoch precinct – they represent an excellent opportunity to get in now while prices are this good.

Click on the link to read the full story and watch the video, which gives you a great perspective of what’s happening and what the precinct will look like.


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Auction Success Story – how we helped make it happen

by ShelMarkblog In Uncategorized

10 August 2017

With Auctions on the rise in Perth we thought we would share a recent Auction buying success story and let you know about a service we offer that not many people are aware of.

One of our long-term clients was keen to buy a property in Booragoon that was coming up for Auction through another agent. Not knowing much about buying and selling at Auction however our client was very apprehensive about bidding.

Although the property was listed with another agency, our clients came to us for advice, as we have known them for a long time and helped them buy and sell in the past.

I took them to view the property (29 Colleran Way, Booragoon) a total of three times. By this stage they were convinced that this was the home for them. However they remained concerned about their chances of securing it, as they had never been to an Auction before let alone bid at one.

We sat down together and I explained the Auction process to them in detail. We discussed whether or not they should make an offer prior to Auction, how to bid, and what to expect on Auction Day. I also provided them with sales evidence of similar properties that had sold recently in Booragoon so they were aware of the current market value.

The day before the Auction, my client’s husband had to take an overseas business trip. This left his wife to do the bidding. Knowing my client would be nervous, I accompanied her to the Auction and was there with her every step of the way, guiding her through the bidding process.

To my client’s absolute delight she was the successful bidder on the day and she and her husband are now enjoying their lovely new home in Booragoon! The result – a very happy buyer and seller.

This service is not only reserved for long-term clients. It is available for anyone who would like to bid at an auction (whether the property is listed with us or another agency) but is wary of the process. Allow us to help you too!

If you are interested in learning more about our FREE Auction Assistance Service, give us a call on 6267 5151.

 


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The great divide

by ShelMarkblog In Uncategorized

03 August 2017

Ten years ago the difference between the cost of housing in Sydney and Perth was only $5,000. Today you wouldn’t find two more different markets in Australia.

While Sydney has experienced a 118% increase in its median house price over the last decade, Perth’s median house price growth was just 3.8% over the same period. This was also well below the growth in all other states and territories (the next lowest growth was Brisbane with 37.3%).

So what caused such a great divergence when the two markets started at a similar price level a decade ago?

Essentially it boils down to the very different economic drivers between the two cities – some would say the two cities are as different as chalk and cheese in this regard.

Perth was heavily reliant on the mining sector while Sydney has a more diversified economy. So Sydney was not as exposed to the changes in commodity prices as Perth was. However as a typically more indebted city, Sydney was “more sensitive” to interest rates.

Ironically, Sydneysiders can largely thank Perth for the low interest rates that ignited the east coast property boom (because mining was largely propping up the Australian economy the RBA reacted by slashing interest rates when the sector went bust in WA).

Today Sydney’s booming house prices are starting to moderate, while the Perth property market has started to show signs of stabilising as indicated in the June quarter results.

Real Estate Institute of WA (REIWA) President Hayden Groves said, “We’re certainly not experiencing the steep declines across the board we once were. Although no one can accurately ascertain the future of the property market, the signs are there that we have finally found, or are very close to finding, the ‘floor’ of the market.”

Click here to read the full story.


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