Kinross market report second quarter 2014

Licensee: Bridgeline Pty LtdLevel 1, 3 Boas Avenue,

Joondalup WA 6027 • Telephone: 9300 3344

Quarterly Market Report

Kinross April - June 2014

Len and Lyn Smith: 0409 291 502 email: [email protected]

Demand at the top end of the Kinross

market has increased as many buyers

find better value in Kinross than in

surrounding suburbs. Well presented homes attract

multiple offers which optimizes the chances of getting

a better than average price. These results can only

be achieved by excellent presentation along with top

class marketing.

As you no doubt are aware, the land bordered by

Lochnagar Way and Macnaughton Drive has reverted

to the ownership of Peet and Co. At the annual

general meeting of the Kinross ratepayers association,

we were given an outline of the future usage of this

land. The original zoning was for a school but will in all

probability be re-zoned to R20 which allows for single

residential units. This land will no doubt be snapped

up when it comes to market as there is very little

available land in Kinross.

Highest sale price: $665.000

Lowest sale price: $100.000

Median price: $555.000

Kinross statistics

32Properties

sold

April May June0

2

4

6

8

10

12

14

16

18

Num

ber of Sales

Sales: 2nd quarter 2014

Figures as at 22 August 2014 • Source: REIWA. The information provided is deemed reliable but not guaranteed.

...the seasonal winter slow-down is behind us as we head into spring...

Sale Price: $455,000

3 1 2 702m2

land

5 AIRDRIE CNRKinross


4 2 2 662m2

land

107 CLYDEBANK CRES Kinross


4 2 2 607m2

land

8 ANNANDALE CIR Kinross


4 2 2 706m2

land

6 CARRICK WAYKinross


4 2 2 684m2

land

9 CAIRNSMORE CH Kinross


4 2 2 743m2

land

117 CLYDEBANK CRES Kinross


4 2 2 662m2

land

6 COATBRIDGE CCTKinross


4 2 2 665m2

land

23 CRANSTON LOOP Kinross


4 2 2 681m2

land

23 DALZELL TURNKinross


4 2 2 666m2

land

8 DUNFERMLINE WAYKinross


4 2 2 707m2

land

17 FORFAR GLENKinross


4 2 1 637m2

land

70 GLENCOE LOOP Kinross


3 2 2 533m2

land

4 KILMORY GRKinross


4 2 2 731m2

land

186 KINROSS DRKinross


4 2 2 539m2

land

22 GILBANK CRESKinross


4 2 2 507m2

land

5 KILMARNOCK LOOP Kinross


4 2 2 649m2

land

117 KINROSS DRKinross


3 2 2 229m2

land

1/189 KINROSS DRKinross


4 2 1 298m2

land

10 FISHERTON CCTKinross


4 2 2 534m2

land

15 FISHERTON CCTKinross


4 2 2 721m2

land

8 LEVEN RISEKinross


4 2 2 634m2

land

4 MELFORT CIRKinross


4 2 2 702m2

land

34 ROXBURGH CIR Kinross


4 2 2 590m2

land

110 SELKIRK DRKinross


3 1 1 212m2

land

4/42 STONEHAVEN PDE Kinross


4 2 2 568m2

land

20 MACALPINE RTT Kinross


4 2 2 625m2

land

8 OSSIAN WAYKinross


4 2 2 603m2

land

44 ROXBURGH CIR Kinross


4 2 2 705m2

land

5 SHETLAND RISEKinross


3 1 1 176m2

land

5B THORNTON RTTKinross


4 2 2 766 m2

land

3 WISHAW LOOPKinross


4 2 2 601m2

land

34 WISHAW LOOPKinross

Kinross area profileKinross is a small suburb in the City of Joondalup located in the northern suburbs of Perth, Australia. Kinross was constructed around 1992-3 in various stages. It is bordered by Neerabup National Park, and is the City of Joondalup’s most northerly suburb.

The Scottish influence in Kinross extends throughout the suburb with road names, parks and others mainly derived from Scottish place names, for example Glencoe Loop, Edinburgh Avenue, Roxburgh Circle, Selkirk Drive, Falkirk Court, Ben Nevis Turn, Coatbridge Circuit and many others.

• Kinross occupies approximately 3 square kilometers of land and has parks covering nearly 1% of total area.

• The population of Kinross in 2011 was 7,179 people and remained relatively stable when compared to 7,241 people in 2006. The predominant age group in Kinross is 0-14 years.

• Households in Kinross are primarily couples with children and are likely to be repaying between $1800 - $2400 per month on mortgage repayments.

www.rpdata.com & www.wikipedia.com

Source: REIWA

Len and Lyn Smith: 0409 291 502 email: [email protected]

Word on the street

I am writing today to thank Len & Lyn Smith from Harcourts for their professionalism and courtesy in dealing with the sale of our house.

Our home was on the market for 3 months with another agent and we didn’t even get an offer. Len & Lyn of Harcourts came along and had our house sold within 3 weeks and also had 2 offers in that time.

All through the process we were kept well informed and nothing was too much trouble. I would, and have, recommended Len & Lyn to friends for future sales.

Paul Kehoe

Hi Rhonda, I am sending you a email in regard to one of your staff members Len Smith. Previously we had our Kinross property on the market with another real estate company, and had all sorts of dramas and no results or any feedback. After meeting Len Smith we were very impressed with his amazing customer service and how he would go that extra mile. Living in Kalgoorlie we were unable to help with home opens and we relied on him to present the house and market it to sell. He amazed us and sold the property in 2 weeks at a price we wanted. He constantly updated us with news and made us feel like we didn’t need to worry about a thing. We would recommend Len to anyone selling a home in the area, we just wanted to let you know how impressed we were with him. We have sold 3 investments properties this year, and by far he has been the best! Emma Darcey

“We were kept well informed and nothing was too much trouble...”

LEARN MORE ABOUTLen & Lyn Smith

With more than 25 years of experience, Len and Lyn are the

ultimate real estate resource and are guaranteed to provide you with all

the information you need to make sound decisions.

This husband and wife duo are committed to service and making

your transaction as smooth and stress-free as possible. Their attention

to detail and personalized service will help you to make a move that not

only fits your immediate needs, but your long-term goals as well.

Sharing his extensive knowledge and expertise gained both locally

and internationally, Len offers his clients a thorough education in the

buying and selling process.

First-time buyers and experienced homeowners alike are able to feel

confident throughout their transaction as Len ensures that clients fully

understand what is happening and are aware of their options.

Maintaining the personal touch is important to Lyn. “In this age of

text messaging and personal assistants, many buyers and sellers rarely

see or speak directly to their agents. Len and I don’t ever want our

clients to feel that we are too busy for them.”

Lyn’s mission is to provide her clients with a combination of old-

fashioned personal service coupled with state-of-the-art marketing.

“Our clients want to feel informed and confident and we wouldn’t have

it any other way.”

moreINFO 0409 291 502

[email protected]

JOONDALUP OFFICELevel 1, 3 Boas Ave,

JOONDALUP WA 602708 9300 3344

P: (08) 9300 3344 F: (08) 9300 3345 email: [email protected]

Documents

Kinross market report second quarter 2014