Property Of The Week: 3 Strathcona Street, West Perth, WA
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Property Of The Week: 3 Strathcona Street, West Perth, WA

1930s charm delivered close to Perth’s CBD.

By Kanebridge News
Wed, Jul 21, 2021 4:26pmGrey Clock < 1 min

Built-in the 1930s, this inner-city home offers charming character and comfort.

With 3-bedrooms and 1 bathroom atop a 549sqm plot, the residence sees hallmarks of the bygone era with soaring ceiling, jarrah floorboards, multiple fireplaces, sash windows and leadlight glass throughout.

As comfortable as it is currently, the home offers the potential to add significant value in the future, with zoning approved for extension, restoration or renovation to make the most of the blue-chip location.

Further, the rear garden has its own studio and is supplemented with a covered alfresco and deck area that is accessed by both the living and dining and kitchen.

The master suite arrives with its own lounge area and fireplace, while the other bedrooms are generous in their proportions.

Nearby to Perth’s CBD, West Perth offers east access to the freeway, with the home just a short stroll to West End Deli, public transport links, Beatty Park Aquatic Centre and Northbridge.

The listing Is with Oonagh Lisle (+61 411 037 504) of Mayfair Property Group, POA.

Mayfairproperty.net

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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.

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“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.”

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