Professionals Arthur Johnston Snowball
256 York St Albany
(08) 9841 1777
(08) 9842 5818Contact us
Following REIWA’s preliminary data for the June Quarter, Albany has emerged as the best performing regional centre in WA for property over the last financial year. The latest reiwa.com data shows that the Albany Urban Area had a 5.3 per cent growth in its median house price over the last year, lifting to $389,750. The regional city saw 456 house sales, 42 unit sales and 200 land sales over the last year.
Better performing suburbs included Bayonet Head, up 8.8 per cent to a median of $397,000, Mount Melville, up five per cent to $380,000, and Spencer Park, up 4.9 per cent to $350,000. The suburb with the greatest number of house sales was Yakamia, where 52 properties changed hands at a median price of $388,750, but which was a drop of almost six per cent in price on the previous year.
There has been much speculation about the impact of the ANZAC Centenary Commemorations and whether it has led to renewed interest in our City. We believe it can only have helped deliver these very positive results due to the exposure Albany received but also the comments we heard during, and following the event. New visitors, past residents and those rediscovering Albany were glowing in their praise for the City, its community spirit, and the stunning natural environment in which we live.
At Professionals Arthur Johnston Snowball, we did feel there was a lift in interest from out-of-town buyers, and we are still experiencing that interest and buying activity now. This is most welcome as Albany property owners have had very little positive news on house prices for many years. I would have to say, however, that we haven’t really noticed much of a lift in prices over the last year – more a case of very firm prices with a smattering of spectacular results. We certainly have noticed though, an improved ability to sell with less properties remaining unsold and subsequently being withdrawn from the market.
Part of the reason could be attributed to our advice and marketing; we are extremely proactive in guiding sellers towards the best method of sale, whether that be Private Treaty, Auction, Expressions of Interest or Tender. We know the benefits of each strategy, we are very comfortable utilising all methods of sale, and we will recommend the strategy that we believe will deliver the best results for our sellers’ particular properties and circumstances.
Our results in the top end of the market are particularly noticeable Professionals Albany completing 3 of the 5 sales at $1m and above including the top two sales for the year. Our innovative strategies have meant some excellent results this year in the $700,000 + range, many of this year’s sales were completed by our agency. This lateral thinking and tailored approach also applies to lower and middle range properties which of course make up the majority of sales.
Our experienced and well trained sales team are also able to offer the most comprehensive standard marketing package in the area combined with a huge array of additional options. We will only recommend spending additional funds on marketing if we feel this will deliver better results; elevated or drone photography is almost essential for some properties, twilight photography benefits others, full page advertising in the Albany Advertiser is affordable and increases awareness of the property; whilst for some properties, advertising in Metropolitan papers is worth considering.
We have found our clients have benefitted from our advice regarding the method of sale and best marketing package and at the end of the day of course, it is their choice. This collaborative approach may be part of the reason our clients are enjoying better selling conditions. After all, selling your home is a major event in your life and a team approach between you and your agent will always deliver a better outcome.