Ray White Cottesloe Swanbourne

A market update from Deborah’s desk Beach suburbs defy trend Peppermint Grove and Swanbourne were the star performers of the western suburbs in real estate terms over the previous 12months according to Real Estate Institute of WA figures just released. The Grove comfortably outstripped its neighbours recording a sold 5.8% average increase compared to a 3% fall across the Perth metropolitan area. At RayWhite Cottesloe | Mosman Park we were really excited over the course of the year at the potential of Swanbourne in this market and our instincts were validated when the suburb bucked the trend to record a solid 1.5% growth rate. Cottesloe also hung tough, slipping just 1% and we think this is where the activity will focus in early 2020. ANZ senior economist Felicity Emmett has predicted there would be more uniform price growth across all capital cities as Sydney and Melbourne slow down. “We’ve seen green shoots in Perth before and they’ve wilted. This time round we think the other economic indicators have turned,” Ms Emmett said. “Population growth rose sharply and the labour market has really improved. We’ve also seen vacancy rates fall quite dramatically, they’re now down below the national average – that also suggests the environment for growth will be positive.” I couldn’t agree more and at RayWhite Cottesloe | Mosman Park we have a number of properties coming on the market in the new year that will excite buyers. We’re back from the beach and ready for a great 2020… come and join us. Deborah Brady – 0405 570 903 Owner | Director & Licensee, RayWhite Cottesloe | Mosman Park