Five Perth Properties Under $750K
What a quarter-million dollars gets you in the western capital.
What a quarter-million dollars gets you in the western capital.
Out on the west coast, things are looking a little sunnier as the market returns to strength. Here, five properties that you can buy for under $750,000.
19A Lichfield Street, Victoria Park WA
Offered to the market for the very first time is this original tuck-pointed character home, built around the 1920’s.
The completely renovated, 3-bedroom, 2-bathroom, 2-car parking home is nestled away in a quiet section of Victoria Park, but remains within walking distance of local cafes, restaurants and shopping.
Inside sees period features, a lofty sense of space provided by the high ceilings and renovated mod-cons.
The bedrooms all have built-in robes, while a spacious verandah and a low-maintenance garden round out the offering in a stylish manner.
The listing is with EMG property solutions, $745,000; emgx.com.au
41A Edward Street, Bedford WA
Located in one of the most sought-after streets in Bedford comes this spacious 4-bedroom, 2-bathroom, 2-car parking home.
Inside the 205sqm of living space, the home features a theatre room, study nook, large open plan kitchen, dining and living area that flows out to the gabled patio area.
The large master bedroom suite includes a walk-in robe while the three secondary bedroom is complete with built-in-robes.
The home has easy access to public transport and is close to the Galleria shopping precinct, Beaufort street café strip, Chisholm College and Perth CBD.
While yes, technically the asking is $770,00, it’s too good a property to pass upon.
8A Warren Road, Yokine WA
Found in an enviable Yokine location comes this 3-bedroom, 2-bathroom, 2-car abode.
With stylish contemporary features and high-quality finishes throughout, the home offers an easy-care lifestyle.
Inside, the home boasts a stunning open plan living, dining and kitchen, the latter of which offers stone benchtops, mirrored splashbacks, built-in-pantry, electric cooktop and plenty of cupboard and benchtop space.
Elsewhere the home’s king-sized master retreat holds a beautiful ensuite complete with his and hers walk-in robes.
Further, the home sees two additional bedrooms – both with built-in robes – a second family bathroom, separate study/office and laundry areas.
The home is nearby to Yokine primary and Carmel, bus stops, Terry Tyzack Aquatic Centre and more.
The listing is with Acton Mount Lawley, offers between $719,000 – $769,000; acton.com.au
89B Guildford Road, Mount Lawley, WA
Well below the threshold, this modern spec townhouse arrives with 4-bedrooms, 3-bathrooms and a 2-car parking.
The kitchen is replete with stone benchtops and modern amenities while the wide entrance hall and timber floors underfoot add to the spacious contemporary feel of the home.
Inside, three stunning bathrooms arrive with full-height tiling and stone benches while all four bedrooms arrive with built-in robes.
Further mod-cons include a built-in vacuum system, double glazed windows and a laundry with a shoot from upstairs.
The townhouse is located in the Mt Lawley high school zone and is nearby to Mt Lawley train station and river.
The list is with NTY property group Maylands, from $649,000; ntypropertygroup.com
37 Leonard Street, Victoria Park, WA
Presenting Monogram, Victoria Park, a limited collection of ten, centrally located townhouses.
The area of Victoria Park is a diverse cultural hub nearby to Crown Perth and Optus Stadium.
On offer is a 3-bedroom, 2-bathroom 2-car parking with a number of layouts and three interior schemes with a private alfresco, generous kitchen with island bench configuration and separate laundry.
Engineered stone features prominently in the kitchen alongside Bosch appliances while built-in robes adorn the bedrooms.
The townhouses start from $699,000; mongramvicpark.com.au
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023
Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet this afternoon for the first time this year.
Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggested yesterday that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This could present the RBA with the chance to put further rate rises on hold for the next few months as it assesses the impact of tightening monetary policy on the economy.
The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the 2022 December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.
Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.
Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.
“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said.
“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again.
“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”
The Victorian capital’s top-grossing transactions.