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Suburb Reports (WA)

Discussion in 'Property Market Economics' started by Big Daddy, 4th Sep, 2015.

  1. Big Daddy

    Big Daddy Well-Known Member

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    25th Jun, 2015
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    Location:
    Perth
    Hi, Does anyone know where i can buy/find INDEPTH LOCAL property market information on a specific suburb (MORLEY)? I dont need information on demographics , amenities etc.

    All i have managed to find is the following info:
    8km north of perth city
    Morley House: Median price $560,000, Annual capital growth 8.35%, Number of sales 408, Weekly median advertised rent $445
    Morley Unit: Median price $405,000, Annual capital growth 7.26%, Number of sales 21, Weekly median advertised rent $410

    I need this information for part of an assignment and i have been given a sample of what content is expected.
    Secret Harbour (2009):
    Secret Harbour has, similar to most Western Australian suburbs experienced reductions in median house prices as a result of the Global Financial Crisis as outlined above. The local market contracted 9.4% in the preceding 24 months to December 2009 as reported by REIWA. According to REIWA, median prices in Secret Harbour declined for a second year in a row to $435,000 in 2009 from $480,000 in 2007. This is largely attributed to an increase in supply as a result of large land releases within the North-Eastern and South-Western sections of the suburb.

    For example, private estates such as ‘Anthony’s on Anstey’ and ‘Anstey Park Reflections’ within the North-Eastern section offer varying vacant block sizes from 300m² to 2200m² to cater to a wide ranging market base. ‘Spyglass Hill’ and ‘The Break’ along the South Western section however offer premium quality golf course to beach frontage vacant blocks. Information gathered from selling agents active in the area has revealed a general buoyancy across all property types. It is also revealed that the effects of post-FHOG Boost have brought about a general price sensitivity among potential purchasers within the area while interest in premium/ prestige properties remain strong. Recent improvements within the Secret Harbour market should be viewed cautiously as the market remain sensitive to uncertain economic factors and developers have returned to the market with a number of new subdivisions that may once again over supply the local market should the current levels of demand drop off.
     
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I think you are supposed to come up with that context?

    I'd discuss the changing landscape from 60s/70s single dwellings via rezoning projects, especially around Galleria, and the move to grouped and multi dwellings

    http://reiwa.com.au/wa/morley/6062/
    http://www.realestate.com.au/invest/house-in-morley,+wa+6062
    http://www.yourinvestmentpropertymag.com.au/top-suburbs/wa-6062-morley.aspx
    https://www.realestate.com.au/neighbourhoods/morley-6062-wa
    http://www.homesales.com.au/location/morley-wa/
    https://www.investsmart.com.au/property/wa/6062/morley
     
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  3. Big Daddy

    Big Daddy Well-Known Member

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    Perth
    Yes I know... It's 1/3 of a page out of a 30 page report but I don't know all the estates from 1980s and REs won't waste their time with me to help on an assessment

    Thanks for the LINKS!!
     
  4. Perthguy

    Perthguy Well-Known Member

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    Perth
    try council for demographics too @Big Daddy. I'll dig around a bit tomorrow and see what I can find.
     
  5. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Big Daddy likes this.
  6. Big Daddy

    Big Daddy Well-Known Member

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    Doh! Yes the council website...

    Thanks everyone!
     
  7. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    and points to a book you can get from library
     
  8. Big Daddy

    Big Daddy Well-Known Member

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    Yep i had a google for the book. Its available at Murdoch library so i will try and get down there sometime next month