What’s making news at ACTON!
The first quarter of 2014 has seen some very strong market activity from off the plan sales
through to the premium market. Some recent highlights from the ACTON Group include:
THE GROWTH IN OFF THE PLAN SALES
The recent launches of the last stage of Mayor
Rise in Coogee and the first stage of Muse in
Coolbellup received outstanding responses with
people camping from the night before to secure
their preferred lots.
Demand has turned around in the last 12
months and ACTON’s Project Specialist team
Brad Raynor, Glenn O’Connor-Smith and Jodi
Ingram say there are several factors behind this.
“Having passed relatively unscathed through
the GFC, the worst global recession many of
us have seen, most people are feeling confident
that if they buy now they will see some capital
growth in a few years. They feel that even if a
downturn occurs it won’t be that bad.
“The increase in the cost of living is seeing
people look at ways to reduce their costs. Petrol
prices are a large concern. Many developments
are close to key amenities, shopping, transport
hubs and lifestyle features, allowing people to
reduce their driving.
“The developments also offer a range of prices
from penthouse apartments to units under the
Perth median. Plus strata fees cover a lot of
costs - insurance, water, building maintenance,
gas for example, that are separate costs for
stand-alone home owners.”
There are more exciting launches coming up
over the next few months and we are expecting
very strong interest from buyers.
AUCTION EXTRAVAGANZA
Last month ACTON Fremantle and ACTON
Dalkeith joined forces to sell two penthouse
apartments in High Street, Fremantle. There
hadn’t been a sale in this building for 20 years
and two properties coming onto the market
at the same time called for a strong, unified
approach to get the best possible outcome for
the sellers.
Sales Executives Rikki Harrison and Noel Rogers
(ACTON Fremantle) and Jen Ragan (ACTON
Dalkeith) held a dual auction on March 8 and
conducted an extensive marketing campaign
which included features on the West Real Estate
Program on Channel 7.
The auctions attracted a lot of interest with
bidding on both properties. While they were
both passed in on the day, the auction process
had attracted genuine, committed buyers for
each property and negotiations began in earnest
following the auction. We are very delighted to
announce that both properties were sold within
two days of the auction, highlighting the power
of the auction process.
PREMIUM PROPERTY SALES
Confidence is returning across the very top end
of the market with more multi-million dollar
properties being listed for sale across Perth.
Sales
Executive
Pamela
Wilkinson from ACTON South
Perth was recently featured in
the West Australian as having
achieved the highest price for
that week with a $6.8 million
sale in South Perth.
Over the years she has been responsible for
some of the highest sales in the area, and
currently has a number of notable listings
including a waterfront apartment for $8.6
million say (featured later in the Magazine) and
a block for $3.8 million. Pamela says the South
Perth area is performing well and the premium
market is generating a lot of interest.