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Distressed Property of the Week

15/160 Hampden Road, Nedlands, 6009 WA

The price on this 2-bedroom townhouse, located in the heart of trendy Nedlands, has the vendor accepting offers from $549,000, down from the initial asking price of $649,000. The owner is hoping the reduced price will attract either an owner-occupier or landlord for a quick sale.

The home is built at the rear end of the complex, away from the hustle of Hamden Road. This property offers easy access to cafes, restaurants, shopping, and transport. It is close to University of WA, the magnificent Swan River, Kings Park and Sir Charles Gairdner Hospital, while being only a short drive away from local beaches.

The townhouse is one of the four largest sized building in the complex, and includes two car bays in a secure parking area, plus a lock-up storeroom. The property boasts 2 bedrooms both with ensuites, a large open living area with lots of natural light, high ceilings and is fully air-conditioned.

If you think it is a good deal, make sure you crunch the numbers first. On a first look, they look good. The vacancy rate of 2.3% in the 6009 postcode and asking rents having gained 10.9% over the last 12 months. The gross rental yield is a bit low at 2.9%, but overall, this paints a positive picture for future investors with such strong rental growth.

However, asking prices for a 2-bedroom home over the last 12 months have fallen 5.5%, which may not be reflected in the asking price, as a similar-sized townhouse on the same street, sold for $525,000 in November 2020. It would pay to do more research on the pricing of this townhouse and investigate if there is room for a greater discount. You can view sales records for postcode 6009 here.

You can monitor this market and others with SQM Research’s free property data. Also consider the SQM Property Explorer product for more in-depth data and property price estimator.

Auction Results

for week ending 6 June 2021

Full individual auction results can be found on our website:

Auction Listings

for week ending 13 June 2021

CITY Saturday   Rest of Week STATE Saturday   Rest of Week   Link
Sydney 596   213 All NSW 678   297   Auctions in NSW
Melbourne 644   86 All VIC 727   101   Auctions in VIC
Brisbane 110   26 All QLD 190   133   Auctions in QLD
Perth 15   6 All WA 19   11   Auctions in WA
Adelaide 63   31 All SA 63   69   Auctions in SA
Canberra 45   29 All ACT 45   29   Auctions in ACT
Darwin 4   3 All NT 4   3   Auctions in NT
Hobart 0   0 All TAS 0   1   Auctions in TAS

* The above counts of auctions represent most recent known auction dates for the coming week.

Real Estate Realities

Singapore's Property Market is drawing expats from Hong Kong 

Since the end of the city-state’s lock-down in June, expats from Hong Kong have been moving to Singapore. This trend has put Singapore in a strong position regarding real estate, despite having experienced a record-breaking economic downturn.
 
The coronavirus pandemic, combined with Hong Kong’s strict national security law that was passed last June, has caused companies to look over to the stability in nearby Singapore to locate offices. According to Simon Wong of List Sotheby’s International Realty, Singapore “is regarded as a safe haven.” Regardless though, companies have been cautious to move their Hong Kong head offices to Singapore as they do not wish to aggravate the Chinese government with the idea that Hong Kong is becoming less financially attractive.
 
As Singapore has marketed itself as the technology capital of Asia, the property market will also see itself boosted by global technology. According to the Economic Development Board, Singapore “accounts for 59 per cent of the Asian regional headquarters of multinational tech companies”. This has seen some of China’s biggest tech companies, such as Alibaba, Tencent and ByteDance announce their plans to make the move to Singapore. According to Li  "they are on the lookout to buy high-end properties," and along with these companies are also property investors keen to invest their money into Singapore for the long-term given its stability and central location in Asia.

More ...

Black Dragon's Words for the Week


"The Greatest glory in living lies not in never falling, but in rising every time we fall."

~ Nelson Mandela

SQM Research Housing Indexes
 

SQM Research Weekly Asking Prices Index
 
Week ending
8 June 2021
Asking Price Chg on
prev wk
Rolling month
% chg
12 mth
% chg
Sydney   All Houses   1,524.2 11.8  0.3%  9.7% 
All Units 663.8 -2.1  -0.7%  -4.9% 
Melbourne All Houses 1,061.2 3.9  1.3%  2.3% 
All Units 564.7 -0.3  -0.4%  0.1% 
Brisbane All Houses 677.3 -0.2  0.6%  5.6% 
All Units 388.8 0.7  1.0%  3.6% 
Perth All Houses 671.0 1.3  0.3%  0.9% 
All Units 389.1 0.7  -0.1%  2.7% 
Adelaide All Houses 545.3 -2.3  -0.0%  3.2% 
All Units 326.2 1.4  -0.6%  5.9% 
Canberra All Houses 765.1 0.4  -3.1%  -7.0% 
All Units 481.3 -0.8  0.1%  9.6% 
Darwin All Houses 598.8 -6.0  0.4%  4.1% 
All Units 385.9 -5.9  -1.1%  11.7% 
Hobart All Houses 641.6 -14.0  -0.3%  12.7% 
All Units 414.8 1.0  -1.8%  17.0% 
National All Houses 684.5 1.9  1.5%  13.6% 
All Units 418.4 2.6  0.0%  6.7% 
Cap City Average    All Houses 1,056.0 7.4  0.1%  6.3% 
All Units 560.6 -0.5  -0.6%  -1.8% 

Next update: 15 June 2021


SQM Research Weekly Rents Index
 
 
Week ending
4 June 2021
Rent Chg on
prev wk
Rolling month
% chg
12 mth
% chg
Sydney  All Houses          664.2              1.8  0.1%  3.3% 
All Units 452.6 -0.6  -0.1%  -5.3% 
Melbourne All Houses 505.6 -1.6  -0.6%  -5.0% 
All Units 361.0 0.0  -0.6%  -11.1% 
Brisbane All Houses 496.4 1.6  1.5%  7.8% 
All Units 387.7 -0.7  0.3%  2.6% 
Perth All Houses 519.7 -2.7  1.1%  16.2% 
All Units 392.3 1.7  1.5%  13.9% 
Adelaide All Houses 437.6 0.4  0.4%  7.0% 
All Units 329.4 -2.4  1.0%  4.3% 
Canberra All Houses 699.8 5.2  1.7%  12.1% 
All Units 496.0 3.0  0.3%  6.5% 
Darwin All Houses 614.6 9.4  3.4%  24.8% 
All Units 421.2 -5.2  1.9%  19.0% 
Hobart All Houses 486.6 -3.6  3.1%  12.9% 
All Units 431.0 8.0  3.8%  8.8% 
National All Houses 513.0 5.0  0.4%  15.3% 
All Units 395.0 1.0 0.0%    7.3% 
Cap City Average All Houses 557.0 0.0 0.0%    3.7% 
All Units 410.0 -1.0 0.2%  -3.8% 

Next update: 12 June 2021

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