Anchorage Thread Closed?

[<KS>]

WOW - that WAS you near the damaged 2 storey Kenneth!

Thats your house? I walk my dog past there every day thinking - what a shame!

my oh my - was that storm damage that was not insured or vandalism?!

In a few years time that will be a lovely spot but in the current climate I hate to say it but its a criminal alleyway. People are constantly stealing fences down that park area and the council is doing a bad job upkeeping things.

Well I must say I am intrigued as to what I have missed on the forums in the last year or so...been busy doing non RE business ventures as I felt the water in the RE kettle begin to boil so to speak.

I myself sold our 2 bed rockingham unit for $285k at the end of 07. The same unit went back on the market 3 months ago $50k under what we sold it for!

Well Kenneth I am sorry I have not kept in touch, and I hope you are well in these hard times.

Bryn

 

[Kennethkohsg]

Dear All,

1. According to the Last Sunday Newspapers, Perth's median house price has continues to fall from A$435,000 from the September 2008 down to A$412,500 for the 31sr December 2008 quarter.

2. This represent a 11.5% fall from its previous A$466,000 median house price reported for 31st December 2007.

3. Thus, comparatively speaking, an expected overall - 4% and -10% fall for the 2008 median house price for the houses in the Anchorage Estate located within the Shoalwater and Rockingham suburbs respectively, do not appear too " excessive" for these 2 suburbs, as they have fallen only to their respective comparable levels in 2006.

4 According to Landgate data, the 2006 and 2007 median house price for Shoalwater suburb has previously amounted A$460,000 and A$475,000 respectively.

5. The median house price for the Rockingham subsurb in 2006 and 2007 has previously amounted to A$367,500 and A$408,500 respectively.

6. For your further comments and dicussion, please.

7. Thank you.

regards,
Kenneth KOH

 

[Kennethkohsg]

I myself sold our 2 bed rockingham unit for $285k at the end of 07. The same unit went back on the market 3 months ago $50k under what we sold it for!

Bryn

++++++++++++++++++
Hi Bryn,

It does appear to me that you have sold your property at/near the last price peak then in 2007.

Congratulations!


regards,
Kenneth KOH

 

[Kennethkohsg]

Dear All,

1. Can members who are REIWA RE Agents , please provide/ confirm the full sale details for the following recently completed lake-front double-storey house sales, please:

a. Lot 2031 - 104 Waterfront Parkway, Shoalwater, WA 6169
b. Lot 2032 - 102 Waterfront Parkway- Shoalwater WA, 6169.
c. Lot 2033 - 100 Waterfront Parkway, Shoalwater WA 6169.


2. The 2 newly completed lake-front 4 x 2 Double Storey Houses Lot 2085 (82) and Lot 2087 (78) Waterfront Parkway Shoalwater, which were built by Lifetstyle Homes, are presently being marketed at A$585,000 asking sale price.


3. Other near-new lake-front 3 x 2 Double-Storey Houses are presently listed for sale at:

a. Lot 2095- 46, Waterfront Parkway Shoalwater, WA 6169 - with a A$490,000- A$520,000 asking sale price and presently marketed by Homes2Homes Realty..

b. Lot 1851 - 21 Atrion Lane, Shoalwater, WA 6169 - asking sale price not publicly disclosed upfront.

c. Lot 1946 - 40 Waterfront Parkway, Shoalwater, WA 6169 - with a A$499,000 asking sale price by PEARD-Rockingham.

d Lot 1947 - 42, Waterfront Parkway, Shoalwater, WA 6169 - with a A$499,000 asking sale price by PEARD-Rockingham. This lakefront Double-Storey house is presently listed as "Under Offer/Under Contract" at the www.realestate.com.au



4. For your update and further comments, please.

5. Thank you.


regards,
Kenneth KOH

 

[Kennethkohsg]

Dear All,

1. Can members who are REiWA RE Agents, kindly confirm/provide the full sale data/details for the recent Lake-front vacant land sales at

a. Lot 1903 - 14, Waterfront Parkway Shoalwater, WA 6169. Ventura is presently constructing a single storey house at this vacant land plot.

b. Lot 1902 -12, Waterfront Parkway, Shoalwater, WA 6169.


2. Terry Thurstone from the Freestyles Homes/Ventura-ID? is said to be marketing some "Ventura Homes" Land and House Sale Packages at the following lakefront vacant land lots in the Anchorage Estate:

a. Lot 1904 - 16, Waterfront Parkway, Shoalwater, WA 6169.
b. Lot 1917 - 18, Waterfront Parkway, Shoalwater, WA 6169
c. Lot 1918 - 20, Waterfront Parkway, Shoalwater, WA 6169
d. Lot 1919 - 22, Waterfront Parkway, Shoalwater, WA 6169.


3. Mr Mathew Riley, from Glenway Realty, who is known to be presently marketing the various Lakefront vacant lands at the Anchorage Estate for A$199,000, as follows:

a. Lot 1921 - 26, Waterfront Parkway, Shoalwater, WA 6169
b. Lot 1934 - 28, Waterfront Parkway, Shoalwater, WA 6169
c. Lot 1935 - 30, Waterfront Parkway, Shoalwater, WA 6169
d. Lot 1936 - 32, Waterfront Parkway, Shoalwater, WA 6169
e. Lot 1937 - 34 , Waterfront Parkway, Shoalwater, WA 6169.
f. Lot 1938 - 36, Waterfront Parkway, Shoalwater, WA 6169


4. According to Matthew Riley, the owners for these lakefront vacant lands were said to have previously bought these lake-front vacant land lots directly from Australand-WA for A$250,000.


5. Can members, who are REIWA RE Agents kindly provide the relevant sale data to further verify and confirm this claim made by Matthew Riley from Glenway Realty, please?


6. IF Mathew Riley's claim can be properly supported, THEN the present A$199,000 asking price for these lake-front vacant land lots look "cheap" and are likely to provide real good bargains at the Anchorage Estate, for the astute investors, subsequently, please.


7. For your update and further comments/discussion, please.


8. Thank you.


regards,
Kenneth KOH

 

[allblack]

A reduction of land prices from $250k to 199k seems to be completely feasable in the Perth property market. In fact I would be tempted to make an offer lower than the 199k asking price. I am interested in a block that is selling about 200k lower than it would have been on the market for 18 months ago at Jindalee. I dare say similar large discounting is taking place in Mandurah.

 

[asdf]

Anyone still interested in Anchorage? Heard all the lower priced properties are being soaked up by home buyers taking advantage of these grants. Prices heading back towards the $430-$440k mark with these 4x2s and actually not much on the market. How the lower end has changed.

 

[sparky23]

Amazing what has happened in such a short space of time, spewing we had to let one go but glad we still have the other. Same thing seems to be happening in Yanchep too, lots of properties back up over the $500's now!

 

[AUSPROP...]

Same thing seems to be happening in Yanchep too, lots of properties back up over the $500's now!

slap in my face! still, am happier to be out of Yanchep and a profit is a profit. one less resi headache too

did you get rid of yours sparky? (in yanchep)

 

[paulie]

Last 6 months of Shoalwater sales


No Street Suburb Type Beds Baths Block Ask Price Sale Price Date
Frederick Street* Shoalwater* U* 1 1 sqm $179,000* $129,000* 08-10-08*
Apr-35 Coventry Road* Shoalwater* U* 1 1 sqm Offers* $150,000* 10-02-09*
29-Jan Frederick Street* Shoalwater* U* 1 1 sqm From $160,000* $150,000* 06-02-09*
Apr-70 Frederick* Shoalwater* H* 1 1 sqm $170,000-$190,000* $177,000* 04-11-08*
Aug-69 Safety Bay Road* Shoalwater* U* 2 1 sqm $179,000* $172,500* 11-12-08*
67A* Fourth Avenue* Shoalwater* U* 2 1 sqm $295,000* $280,000* 18-03-09*
1-Apr Carlisle Street* Shoalwater* H* 2 1 sqm $310,000* $310,000* 18-03-09*
5* East Road* Shoalwater* H* 3 1 sqm $399,000-$429,000* $0* 16-01-09*
3-Feb Pape Place* Shoalwater* U* 3 1 sqm Offers* UNDER OFFER* 27-02-09*
42A* Mckenzie Road* Shoalwater* H* 3 1 sqm $269,000* $265,000* 16-12-08*
9* Recreation Drive* Shoalwater* H* 3 1 sqm $299,000-$320,000* $282,000* 24-11-08*
1/153a Safety Bay Road* Shoalwater* H* 3 2 379 sqm $329,000* $319,000* 04-02-09*
20* Amity Circuit* Shoalwater* H* 3 2 sqm $399,000* $385,000* 20-02-09*
3/218 Arcadia Drive* Shoalwater* D* 3 2 sqm PRICE SLASHED! $939,000* $875,000* 3/1/2009
1* Light Street* Shoalwater* H* 4 1 818 sqm $340,000* UNDER OFFER* 16-03-09*
15* Third Avenue* Shoalwater* H* 4 1 sqm $469,000* $433,000* 29-01-09*
23* Churchill Avenue* Shoalwater* H* 4 2 sqm $850,000* UNDER OFFER* 17-03-09*
26* Eldon Street* Shoalwater* H* 4 2 sqm $530,000* UNDER OFFER* 12-03-09*
27* Oceanrunner Boulevard* Shoalwater* H* 4 2 488 sqm $379,000* $368,000* 20-01-09*
48* Grove Street* Shoalwater* H* 4 2 500 sqm $395,000* $382,000* 01-12-08*
35* Oceanrunner Boulevard* Shoalwater* H* 4 2 488 sqm $410,000* $383,000* 12-02-09*
10* Celtic Crescent* Shoalwater* H* 4 2 sqm $385,000 - $395,000* $385,000* 23-12-08*
11* Celtic Crescent* Shoalwater* H* 4 2 460 sqm $419,000* $410,000* 07-01-09*
38* AMITY CIRCUIT* Shoalwater* H* 4 2 sqm $495,000* $470,000* 02-02-09*
78* Gloucester Crescent* Shoalwater* H* 4 2 sqm $729,000* $695,000* 24-11-08*
74* Rae Road* Shoalwater* H* 4 3 580 sqm $399,000* $380,000* 27-12-08*
39* Eldon Street* Shoalwater* L* 522 sqm $199,900* $198,000* 25-01-09*
7* Santana Street* Shoalwater* L* 493 sqm $215,000* $200,000* 10-12-08*

 

[sparky23]

slap in my face! still, am happier to be out of Yanchep and a profit is a profit. one less resi headache too

did you get rid of yours sparky? (in yanchep)

No we ended up finally getting a tenant in just as the bank served us with a summons but we managed to sort out the debt in the nick of time. Rent at the moment is $345.

 

[Prakman]

Hi All,

my 32 grove street shoalwater is coming up for renting soon, I am asking $400pw for it so I'll keep you posted whether it can be achieved. It's a 4x2 built by Gemmill Homes so the stock standard home.

 

[sparky23]

Hi Prakman

How have you been?

I noticed the listing the other day, I hope you achieve it my last increase took it up to $360pw, how much are you increasing it from? Have you heard anything from Kenneth lately?

Also I was trying to remember whether it was you that works for Harcourts?

 

[Kennethkohsg]

Hi Sparky23,

1. My brother-in-law has recently increased the house rental for 15 FitzGibbon Road Rockingham WA 6168 from A$350 per week to A$380 per week wef 9th April 2009 while the rental for 52 Waterfront Parkway, Shoalwater, WA 6169 has remained at A$380 per week.

2. He is likely to further increase it to A$410 per week when the tenancy lease is due for renewal later this year.

3. Thank you.

regards,
Kenneth KOH

 

[sparky23]

Hi Kenneth

Its lovely to hear from you!

How are you, have you managed to sort everything out now?

 

[asdf]

Hi guys, been a while. Better start raising rents again. I'm circa $350, maybe 60 so way below the mark still. Havent been complaining with the diving rates. God bless variable rates. Any further update on sales side? Surely the FHOs will be active till Sept now. Tempting to free up some cash and stick it in shares. As Ausprop says... resi headaches!

 

[sparky23]

Nice to hear from you too asdf - Have you kicked off with Gerringong yet?

 

[asdf]

Yeah been in Europe for over a month then away again last week with work. And yes they are coming along slowly but nicely. Maybe get you down there in a few months for a drink when its all complete.

 

[Prakman]

Hi All,

Yes Sparky, it is me who works for Harcourts. I have 2 houses on Grove STreet, 1 is rented out at 370pw to wonderful tenants and one is about to become vacant and I'm asking $400 for it (up from $390pw).

Spoke with David Dennett who is a good friend of mine in real estate and he says that the market is picking up in sales but rentals are slowing as people who would normally be renting are now buying (makes sense $14K grant PLUS $2K REBA grant) so with interest rates where they are, it is almost cheaper to own than rent.

It would be interesting to see where prices are heading. With my limited investing experience (about 6 years), the rental returns were about 5% then property prices started going through the roof, similiar to where we are today. Wondering whether the storm is brewing yet?

What are your thoughts?

Have a great day!

Prak

 

[sparky23]

Hi Prak

Thought it was you! I have a job offer for the local Dougmal/Harcourt but now that they have translated the complicated commission scheme I am shocked at how little reps end up with, I think I have been very spoiled in my current job.

Have you had valuations on either of your properties lately?