Five Perth Properties Under $750K
What a quarter-million dollars gets you in the western capital.
3 min
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
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
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
Philip Lowe’s comments come amid property industry concerns about pressures on mortgage holders and rising rents
2 min
Leaders in Australia’s property industry are calling on the RBA to hit the pause button on further interest rate rises following yesterday’s announcement to raise the cash rate to 4.1 percent.
CEO of the REINSW, Tim McKibbin, said it was time to let the 12 interest rate rises since May last year take effect.
“The REINSW would like to see the RBA hit pause and allow the 12 rate rises to date work their way through the economy. Property prices have rebounded because of supply and demand. I think that will continue with the rate rise,” said Mr McKibbin.
The Real Estate Institute of Australia today released its Housing Affordability Report for the March 2023 quarter which showed that in NSW, the proportion of family income required to meet the average loan repayments has risen to 55 percent, up from 44.5 percent a year ago.
Chief economist at Ray White, Nerida Conisbee, said while this latest increase would probably not push Australia into a recession, it had major implications for the housing market and the needs of ordinary Australians.
“As more countries head into recession, at this point, it does look like the RBA’s “narrow path” will get us through while taming inflation,” she said.
“In the meantime however, it is creating a headache for renters, buyers and new housing supply that is going to take many years to resolve.
“And every interest rate rise is extending that pain.”
In a speech to guests at Morgan Stanley’s Australia Summit released today, Governor Philip Lowe addressed the RBA board’s ‘narrow path’ approach, navigating continued economic growth while pushing inflation from its current level of 6.8 percent down to a more acceptable level of 2 to 3 percent.
“It is still possible to navigate this path and our ambition is to do so,” Mr Lowe said. “But it is a narrow path and likely to be a bumpy one, with risks on both sides.”
However, he said the alternative is persistent high inflation, which would do the national economy more damage in the longer term.
“If inflation stays high for too long, it will become ingrained in people’s expectations and high inflation will then be self-perpetuating,” he said. “As the historical experiences shows, the inevitable result of this would be even higher interest rates and, at some point, a larger increase in unemployment to get rid of the ingrained inflation.
“The Board’s priority is to do what it can to avoid this.”
While acknowledging that another rate rise would adversely affect many households, Mr Lowe said it was unavoidable if inflation was to be tamed.
“It is certainly true that if the Board had not lifted interest rates as it has done, some households would have avoided, for a short period, the financial pressures that come with higher mortgage rates,” he said.
“But this short-term gain would have been at a much higher medium-term cost. If we had not tightened monetary policy, the cost of living would be higher for longer. This would hurt all Australians and the functioning of our economy and would ultimately require even higher interest rates to bring inflation back down.
“So, as difficult as it is, the rise in interest rates is necessary to bring inflation back to target in a reasonable timeframe.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
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
