WA Perth Market 2021

Brookdale block is a funny shape & busy rd.

I know Gunn St is next door, but at least it’s a bit further from the traffic.

Gunn St was auctioned first, which perhaps made a difference.

Paper reported opening bid on Gunn St was $1.2m, which was above reserve. So the sellers got at least $255,000 above reserve!

 

I reckon Brookdale St is interesting since it's a fair bit cheaper than other parts of Floreat and I wonder if there is a higher chance of future re-zoning precisely because it's a busier street. You've already got some apartments across the road too....

 

And if anyone is really bored this Sunday night and wants to watch the auctions...

Phil is a good auctioneer.

Gunn St
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Brookdale St
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Thanks, I enjoyed that. He was good - didn't drag it out painfully.

 

It's a fair bit cheaper than the other parts of Floreat, because it's not as "nice" overall. However, it still enjoys all the benefits of the location. Close to Ocean, good schools, hospitals, City, sporting facilities, green space.

It is in the small part of Floreat that's within the City of Nedlands, unlike the majority which is in the Town of Cambridge.

 

Also there is now an Aldi and Woolworths just opened on Beaufort, Inglewood. Excellent for the area

Interesting re agent phoned me as wanted to gloat about selling property in Mt Lawley that did not hit the market. Very good sale price at $1.8m as house needed some renovations

I think this is happening now, re agents have buyers lined up and good properties will get snapped up prior to listing avoiding competition

 

Why I am a fan of Mt Hawthorn, setting new highs
These prices unheard of 1 year ago

https://m.realestate.com.au/sold/property-house-wa-mount+hawthorn-135124010

 

Excellent buy

 

How do you feel about the area circled? Seems have a lot more affordable stock while still benefitting from the infrastructure of Beaufort St

 

Its lower entry point for a reason.... just my opinion
If investing here I would choose a house over unit. Something with land content

 

It's more affordable on that side of Beaufort so easier price point to get into. From a schooling perspective most families want to be on the other side of Beaufort for safer walkability to schools BUT the circled side does have better access to the train network so depends if people consider the bus lane on Beaufort or the trainline public transport better or are not influenced by public transport at all

The Maylands part of that area is City of Bayswater and the Inglewood part if City of Stirling. The policies for the two sections can be miles apart - often the City of Bayswater section can be more pro development.

 

If you are a local you know its all about the feel of an area, ie streetscape etc. Hard to identify this if buyer is out of State

But one indicator is price point? and I have seen a divide at least 30 years, I believe will always be the case due to desirability and points u raised

 

Interesting. Friend is looking in the area but hasn't registered with every agent in the area...
Did he happen to reveal the address?

Also do these off market sales make it to 'Sold Properties' on Realestate.com.au/REIWA? Or just RP Data/Landgate numbers?

 

Do you think it will improve (eg buyers crossing Beaufort St after being priced out)?

Definitely looking for a house with land (splitter block) which I can find <1 mil (seems like not too much change though)

Then again kinda an out of towner too - so not too familiar with the area. Walking through can definitely see the appeal of mt Lawley/inglewood but a few streets on the other side didn't really feel different either

 

Whats your budget

I thought this was good buy
https://m.realestate.com.au/sold/property-house-wa-mount+lawley-135031170

Sure precinct does not fetch same prices, however this had a twist build up and potential river views
Joel terrace

 

https://m.realestate.com.au/sold/property-villa-wa-mount+lawley-105036808

Houses on Clotilde further up can fetch around mid $2M

 

This has 2 offers in first home open

not the most desirable part of Clotilde, but buyers dont care

https://m.realestate.com.au/sold/property-house-wa-mount+lawley-134670058

 

@gach2
I would look at The other side, Raglan, Grosvenor, Forrest St, some are Mt Lawley/North Perth border
Blocks smaller, lower entry? But sort after location, especially if Mt Lawley address

Dont worry if its not a character home, all about the land here and its City of Vincent, huge bonus you can knock down homes

 

Yup the City of Vincent section is really good if development potential is on the cards. I had clients pick up land in 2019 in these areas with city views for $1200-1500psqm which is impossible to find now.

 

amazing, not today though??