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4. March 2016 15:14  /  swanvalleyrealtyblog Comments (0)


Perth sales activity on the rise

NEW

 

Perth sales activity on the rise - reiwa.com

Sales activity in the Perth metro area increased significantly in February.

REIWA President Hayden Groves said the market had enjoyed a healthy rebound following the Christmas and New Year dip.

“reiwa.com data shows sales activity in Perth lifted 16 per cent over the month and five per cent when compared to November 2015.

“We’ve also seen that weekly sales over the last three weeks are higher than they were at the same time last year. While it’s too early to call this a trend it’s a good indicator that mobility in the market is beginning to improve,” Mr Groves said.

At a sub-regional level, the Central sub-region had the strongest increase in sales activity over the month lifting a healthy 37 per cent, followed by the North West sub-region with a 24 per cent lift.

“Baldivis in the South West sub-region and Canning Vale in the South East sub-region were the top selling suburbs in February, followed by Scarborough in the Central sub-region,” Mr Groves said.

Perth’s median house price etched back 1.1 per cent in the three months to February, coming in at $529,000.

Listings

Mr Groves said there had been a three per cent increase in listings stock in February which wasn’t surprising as vendors traditionally returned to the market at the start of the year.

“This is a marginal increase given the time of year, but it’s significant to note that listings are now eight per cent lower than they were in November which suggests this could be the early stages of a correction in a market of prolonged higher than average stock levels,” Mr Groves said.

Rental market

Perth’s overall median rent price held firm at $400 per week in the three months to February 2016.

In terms of houses and units, Mr Groves said the median price for both was unchanged over the month at $400 and $380 per week respectively, but each had dipped $10 per week when compared to November 2015.

“While tenants are still in a good position to secure a competitively priced lease in Perth, it’s encouraging for investors that rent prices are appearing to steady in 2016,” Mr Groves said.

Rental listings in the Perth metro area declined three per cent in February but remain above the long term average.

23. November 2015 19:00  /  swanvalleyrealtyblog Comments (0)


The Men’s Shed are planning and exhibition of toys and other items made by members at The Shops on November 28th followed by an Open day on Thank a Volunteer day on December 5th, at 4 Transit Way Ellenbrook (near the Community Garden) at which products and tools will be offered for sale, tours of the workshops offered, and there will be a sausage sizzle on site.

This event will start at 10.00am and run until 3.00pm.

4. November 2015 22:09  /  swanvalleyrealtyblog Comments (0)


Do you have a business that may be suited to having a stall at the Ellenbrook Mega Christmas Market. If so applications are open now.

21. July 2015 21:05  /  swanvalleyrealtyblog Comments (5)


  • Article from; 15 Jul 2015
  • Ellenbrook Advocate

Parkrun event draws 100

SCORES of dressed-up runners, joggers, pram pushers and dog walkers from across Aveley turned out on Saturday to celebrate the second anniversary of the weekly parkrun. More than 100 locals completed the scenic 5km course through Central Park and around the lake in Aveley. Free slices of parkrun birthday cake were handed out at the finish line to motivate participants to the end. The parkrun fitness phenomenon has spread rapidly across Australia, with thousands of participants gathering every Saturday morning to run 5km courses against the clock. In the two years of the Aveley parkrun, there have been 101 events, during which time more than 1200 people have covered 35,000 kilometres.

funfitness

1. July 2015 19:15  /  swanvalleyrealtyblog Comments (2)


GameDay1

gameday2

The following article is from The Ellenbrook Advocate, 1st Juy 2015

THE long-awaited northern sporting fields and pavilion at Ellenbrook District Open Space are now officially open.

Cricket teams started using the facility last October when the grass was ready but last Friday’s official opening marked the completion of the pavilion, fields, playground and paths as a whole.

Ellenbrook’s local sporting teams can now make full use of the Ellenbrook District Outdoor Space northern playing fields.

The northern playing fields have enough space for two full-size AFL ovals, five junior AFL ovals and three cricket fields.

The new pavilion has meeting rooms, change rooms, clubrooms, a bar and catering facilities.

Ellenbrook Eels Football Club and the junior Ellenbrook Dockers will soon start using the oval for training and match days.

Premier Colin Barnett said at the opening ceremony the complete projects would form one of the best and most comprehensive sport and recreation precincts in the State.

“The pavilion is quite magnificent. This is not some little sporting club pavilion, it services two very strong clubs and the wider sports and recreation complex,” he said.

“As announced in the recent budget, we’ll also provide $7 million towards the Ellenbrook Recreation Centre, a commitment we made in 2013.”

About $2 million of that funding will go towards an aquatic facility for Ellenbrook.

Construction of the southern playing fields is set to start soon.

This will include four FIFA-rated synthetic soccer fields and the Ellenbrook Recreation Centre for indoor sports such as basketball, netball and badminton.

Ellenbrook ward Councillor Patty Williams said the sporting and recreational facility would attract people from surrounding areas to Ellenbrook.

“From its inception Ellenbrook has been designed to provide for the lifestyles of a growing community,” she said.

“The Ellenbrook District Open Space will draw even more people to the area through sporting competitions, events and recreational facility use and hopefully attract more people into sport and physical activity, which will contribute to the overall wellbeing of our community.”

 

 

25. June 2015 18:03  /  swanvalleyrealtyblog Comments (0)


Over 55? Love playing games? Having fun? Want to meet people? 
Then come and join the Award winning Ellenbrook Seniors’ Social Space for a social and games afternoon.
When: The last Friday of the month
Where: Woodlake Community centre
Contact: seniorssocialspace@live.com.au
Phone: 0409080824

29. May 2015 19:03  /  swanvalleyrealtyblog Comments (5)


The following article appeared on the Ellenbrook Advocates Facebook page;

Joel Kelly May 27, 2015, 3:50 PM | THE ADVOCATE

Retail revelation for Ellenbrook

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The north-west perspective of the new retail precinct at The Shops At Ellenbrook

ELLENBROOK’S main shopping centre is set for expansion, with its owners today announcing it will start building a new retail area for large shops.

Labelled the ‘bulky goods precinct’, shops there will generally be those that sell larger items from warehouse style buildings.

The expansion of The Shops At Ellenbrook will be separate to the existing building in an undeveloped parcel of land at the corner of Pinaster Parade and The Promenade.

The first tenant in the highly visible area will be First Choice Liquor Store.

Insurance Commission of Western Australia, who owns the shopping centre, plans to open the bulky goods precinct next year.

The commission’s chief executive Rod Whithear said the first stage of the project had council approval and would go out to tender soon.

“The development of the bulky goods precinct represents another step to ensure that Ellenbrook, as one of fastest growing urban areas in Perth, has the facilities to meet all community needs,” Mr Whithear said.

The Shops’ bulky goods precinct will be built progressively over the 4.3-hectare site.

Mr Whithear said that the bulky goods establishment was separate to the stage three expansion of the shopping centre, which has been planned for some time.

9. March 2015 19:48  /  swanvalleyrealtyblog Comments (0)


According to CoreLogic by RP Data this may be the case. RP Data have released the following article stating that the current low mortgage rates are invigorating the housing market from the analysis of data they collect.

“Early signs are emerging that lower mortgage rates are providing further stimulus to housing market conditions.

Even though the Reserve Bank chose to keep the cash rate on hold at their March board meeting, the February rate cut brought mortgage rates down to their lowest level since 1968. This was the first rate cut since August 2013 and the ninth drop in the cash rate since the RBA started easing rates back in November 2011.

To provide some perspective on what the rate cuts mean to the typical mortgage holder, before interest rates started falling in late 2011 a $400,000 mortgage would incur interest payments of $27,200 per annum (based on a discounted variable mortgage rate of 6.8%). By March this year, with the average discounted variable rate now tracking at 4.9%, the annual interest payment would be $19,400, a saving of $7,800 per year or $150 per week.

Since the latest rate cut we have seen a variety of timely indicators show a substantial upwards movement.

Auction clearance rates have surged to levels not seen since 2009. The last three weeks of February (including March 1) saw the combined capital city clearance rate move above 70%, with the last two weeks recording a clearance of 77% over both weeks. The higher auction clearance rates indicate that vendors have become more empowered as buyers compete more fiercely for available housing stock.

CoreLogic RP Data’s platform metadata also provides virtually a real time insight into the level of industry activity that is underway across the housing market.

Our valuation platforms, which account for more than 95% of all mortgage related valuation instructions, have seen the number of valuation events move to new record levels in February. The CoreLogic RP Data Mortgage Index, which tracks the number of valuation events on a rolling four week basis, surpassed the previous record high (which was in mid-December last year) over the month of February. The high level of mortgage related activity can be attributed to both an increase in mortgage origination activity as well as refinancing activity.

Another hint that vendors have grown in confidence since the latest rate cut is the amount of real estate agent activity we are seeing across our RP Data Professional Platform. Focussing on real estate agent activity across the platform, we have seen the number of Comparative Market Analysis (CMA) reports move to new record highs in February. CMA reports are generally actioned when a real estate agent is preparing a listing presentation or preparing a home for sale. With real estate agent activity so high, we are expecting a consequent increase in the number of homes advertised for sale over the coming weeks.
The number of newly advertised properties has been tracking around average levels over February. Over the same period a year ago the number of new listings entering the market across the capital cities was 2.4% higher, however with the surge in real estate agent activity we would expect new listing numbers to surpass what was recorded last year.

The increase in market and industry activity comes as no surprise. Australian households are very sensitive to interest rate movements, given the vast majority of mortgage holders and newly originated mortgages are on variable mortgage rates. The challenge for the Reserve Bank and industry regulators will be to keep a lid on the rate of appreciation in home values while at the same time stimulating housing construction and household spending. The number of dwelling approvals is currently at a record high; the ongoing high level of new housing construction will assist in adding new supply to the housing market as well as support economic growth and labour markets.

On the flipside, higher supply levels may help to slow the rate of capital growth. We have already seen a slowdown in rental appreciation, whether this also translates to a slowdown in the rate of capital gain in the face of lower mortgage rates but higher levels of housing supply is yet to be seen.”

 

 

 

 

10. February 2015 18:29  /  swanvalleyrealtyblog Comments (0)


The Department Of Fire And Emergency Services (DFES) has provided brochures for owners of investment properties and tenants with information on their responsibilities with regards to fire safety and some crucial safety tips.

As an owner of an investment property which is leased out to tenants in a high bush fire risk area you are responsible for preparing your property to reduce the risk of bush fire.

For tenants the brochure provides tips to protect yourself, your family and pets.

See below for links to these brochures;

http://www.dfes.wa.gov.au/…/DFES_Bushfire_Factsheet-Renting…

http://www.dfes.wa.gov.au/…/DFES_Bushfire_Factsheet-Renting…

 

5. February 2015 18:15  /  swanvalleyrealtyblog Comments (0)


President of the Real Estate Institute of Western Australia, David Airey, has commended the Reserve Bank of Australia’s (RBA) decision to drop interest rates by 0.25 per cent and urged the banks to pass it on in full. 

“Consumer sentiment is weak and property sales have been sluggish for the start of the year. However, this drop in interest rates, along with falling petrol prices is a real boost to household finances,” Mr Airey said.

The Real Estate Institute of Australia has also welcomed the decision with President Neville Sanders saying the RBA Board had made a considered and accurate assessment of the property market. 

“The significance of the easing monetary policy is that housing affordability in Australia will improve further, however we need today’s cut to be passed on fully by lenders,” Mr Sanders said. 

The official interest rate is now 2.25 per cent, a record low, following one of the longest periods of interest rate stability. 

Mr Airey said he hoped the drop in interest rates would encourage more buyers to enter the market. 

“Housing affordability has improved a lot over the last year and with the increase in listings, home buyers have far more choice than they did two years ago. 

“This cut will typically save around $50 per month on a $300,000 mortgage,” Mr Airey said. 

Article from REIWA.com.au website 3rd Feb 2015

3. February 2015 21:13  /  swanvalleyrealtyblog Comments (0)


The Ellenbrook Community Library is holding a session to answer questions you may have if you have a rainwater tank, or are interested in getting one.


For example, how much water you could collect from your roof.

Or what the risks are to having a rainwater tank,

And what regular maintenance is required to keep the water safe for your family.

Head along to this entertaining workshop presented by City of Swan’s Health Services staff and you’ll discover all these answers and many more. Bookings essential. Light refreshments provided.

Wednesday February 11th 6-7.30pm

22. January 2015 22:42  /  swanvalleyrealtyblog Comments (2)


It’s great to see the healthy fast food chains do well and I’m pleased there is going to be a Sumo Salad opening at The Shops in Ellenbrook. Yum!

 

Sumo salad is also calling for new staff to work at the outlet.

 

12. January 2015 20:10  /  swanvalleyrealtyblog Comments (0)


Swan Valley Realty has just listed this little gem in the private estate of Aveley. Built in 2011 on a low maintenance block the home packs a punch with style and design – and space where it counts.

And are you ready for this – all of the quality furniture (except for outdoor setting and master bedroom furniture) you see in the photos below is included in the price. The fridge, dishwasher, washing machine and dryer, TV, couches, dining table. This furniture is quality furniture in as new condition. A massive bonus for the lucky new owner of this delightful house.This equates to a saving of thousands of dollars if you had to purchase these for your new home. 

This three bedroom, two bathroom home has raised ceilings in the living areas which create a feeling of openness and space. This area opens up to the alfresco which again adds to the sense of space.

As you will notice in the photos below the house is beautifully designed with lovely decor and fittings and fixtures. And remember the gorgeous furniture that compliments the house perfectly is included in the price!

All this across the road from a park in a quiet street in Aveley. Tell your family and friends.

 

6. December 2014 00:51  /  swanvalleyrealtyblog Comments (3)


More than a play ground – a Play Space in the new village of Annie’s Landing in Ellenbrook.

Stage 1 of Annie’s Landing District Play Space has been completed. This amazing play space caters to both younger and older children

The play space has been sympathetically designed to make use of its natural bushland setting. A Flying Fox is coming soon.

It is located at the very end of Bandrock Drive in Ellenbrook. Just keep following the signs for the Annie’s Landing display village and you won’t be able to miss it.

 

 

 

 

25. November 2014 19:43  /  swanvalleyrealtyblog Comments (4)


During the decade leading up to 2011, Ellenbrook had the largest population growth of anywhere in WA.

In 1992 an area was rezoned from rural to urban deferred to allow for residential development and in 1994 the first bulldozers moved in to create at the time the largest new town project in Australia. 20 years on Ellenbrook has nearly 30,000 residents in about 8000 completed homes.

The villages;
1995 -Woodlake Village estate launched
1997 – The Bridges launched
1999 – Coolamon launched
2000 – Morgan Fields launched
2003 – Charlotte’s Vineyard launched
2006 – Malvern Springs launched
2011 – Lexia launched
2013 – Annie’s Landing launched

The original objectives for the area were to provide affordable housing, a harmonious social environment and ready or ‘walk-able’ access to community facilities. Thus villages were designed with the intention of trying to return to traditional neighborhood design principles. Although this has been successful with Ellenbrook winning 30 industry awards, there is some current criticism that more rapid transit services are required in order for it to remain sustainable. Developers are currently looking into ways of partnering Government with the private sector to make rapid transport to work centers more likely.

Source; Ellenbrook Advocate Wed 12th Nov 2014