What’s making news at ACTON!
Strong start to financial year
We are three months into the new financial year and the
market continues to perform well. ACTON’s auction
listings for the first quarter of 2013/14 are 70 percent
higher than for the same period in 2012/13 and sales
continue to grow, with sales results for August 35.65
percent higher than August 2012.
The reduction to the First Home Owner Grant, which came
into effect on September 25, is not expected to have a big
impact on the market. The change was met with some
dismay initially, but when you look at the bigger picture,
interest rates are very low, prices are reasonable and first
homebuyers, if they are eligible, will still receive $3,000,
still pay no stamp duty on properties up to $500,000 and
Welcome ACTON Baldivis
Baldivis is booming and is very sought after by investors,
and first homebuyers in particular - in fact Baldivis was
the most popular suburb for first homebuyers in 2012/13.
While the area has undergone a lot of development since
the 1990s it still offers rural properties and larger lifestyle
homes, which are also very much in demand.
To meet the increasing demand from buyers and sellers,
ACTON have opened a new Region in Baldivis. The new
office will work in conjunction with ACTON Rockingham
who have operated in the area for a number of years, but
ACTON Rockingham Director Roger Moorhouse felt it was
important to have an office in Baldivis to service the growing
population in what is one of Perth’s biggest suburbs. The
office is located at Unit 8, 10 Atwick Terrace, Baldivis. The
team can be contacted on 08 9523 3888.
ACTON gives Ceinwen a hand
Last month Western Australian open water marathon
swimmer Ceinwen Roberts attempted to earn the “Triple
Crown” of open water swimming. Ceinwen had already
completed the first two stages - the English Channel (34km
from Dover to Calais) and the Manhattan Island swim
(46km), and just after midnight on September 23 (U.S. time)
she set out to complete the final swim, 32km from Catalina
Island to mainland California.
ACTON were proud to sponsor her and we are delighted
to announce that she successfully completed the swim
in 8 hours and 4 minutes. She is now one of only four
Australians who have completed all three major swims and
among just 77 people in the world.
We congratulate her on such an incredible achievement!
a reduced rate up to $600,000, and may be able to claim
up to $2,000 under the Home Buyers Assistance Scheme.
While overall stock levels have been fairly steady for some
time, many ACTON Regions are experiencing a shortage
of stock. Some prospective sellers were holding back in
the lead up to the Federal election, but are now ready to
take action and we are expecting to see more properties
come onto the market during the strong spring selling
period.
With record low interest rates and ongoing strong demand,
it certainly is a good time to sell and we are expecting a
strong finish to 2013.