Latest News
1. STATE OF THE MARKET JANUARY / FEBRUARY 2012
Property Sales: We had a good end to 2011- Looking more positive for 2012.
Great to report that December 2011 saw us receive offers on 4 properties that had been struggling to sell in the previous 2 to 4 months. This is an encouraging sign for the 2012 property sales year. I think prices will steady over the next 6 months and most property should find a new owner. 2012 will probably be the best sales period for the last 2 years. Young couples and families have been purchasing the majority of our FOR SALE property.
We are starting to see a few investors coming back to the property market but they are still expecting to pay below market value.
Property numbers for sale have dropped in the last month by approximately 11%. This is a great trend to steady an oversupply of property for sale but is due to the Christmas / holiday period.
Properties For Sale in Western Australia: REIWA Statistics January 2012. Down to 13.592 from 15,328. A drop of 1736 properties for sale in the last 4 weeks.
OUTLOOK: We are positive for 2012.
Property Management: STRONG – Continuing from the end of 2011 January 2012 has started with strong demand for 90% of our rental properties. Quality family homes and low maintenance property has been quicker to lease. We have a number of properties in the $1500 to $2000 per week range and are getting good enquiry from tenants related to the mining & petrochemical industries.
OUTLOOK: Solid.
LANDLORD INSURANCE a must have for any Owner: We advise all Landlords to take out Landlord Insurance. Contact your property manager to arrange.
Have a great new year.
Regards Jonathan Keys & Team.
2. Fremantle Economic Development Strategy 2011-2015 Click on link to read:
http://www.fremantle.wa.gov.au/files/8112a33c-7fe0-4dbf-a2a7-9dae00d2c329/Fremantle_Economic_Development_Strategy_2011–2015.doc
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