Wednesday, October 30, 2013

WA Suburbs - Who's still getting NBN?

If you have recently been to the NBNco website, you will notice that the new federal government has taken down some of the map which shows when different suburbs around Australia will get NBN. Some suburbs whose rollout is advanced enough to be completed will continue to get NBN under the old program. From what we could work out from posts online, these suburbs' in WA will continue with the existing rollout

  • 2BLK-06 (Seven Hills, Prospect) — 02 Dec 2013
  • 6GLT-01 (Geraldton) — 05 Nov 2013
  • 6MDR-01 (Mandurah) — 10 Oct 2013
  • 6GLT-02 (Geraldton) — 15 Dec 2013
  • 6MSP-03 (Meadow Springs) — 20 Oct 2013
  • 6VIC-03 (Victoria Park) — 22 Jan 2014
  • 6GLT-03 (Deepdale, Rudds Gully, Utakarra, Wonthella, Woorree, Beresford) — 23 Dec 2013
  • 6APP-02 (Ardross, Booragoon, Applecross) — 25 Nov 2013
  • 6MDR-02 (Mandurah) — Dec 2013
  • 6MDR-03 (Silver Sands, Mandurah) — Feb 2014
  • 6MSP-01 (Meadow Springs, San Remo, Greenfields) — Feb 2014
  • 6VIC-01 (Victoria Park) — Jan 2014
  • 6MSP-02 (San Remo, Madora Bay) — Jun 2014
  • 6SPT-03 (Kensington) — Jun 2014

The question mark is on these suburbs who may get a different looking NBN. 
  • 6APP-01 (Mount Pleasant, Applecross)
  • 6APP-03 (Mount Pleasant, Ardross)
  • 6APP-04 (Brentwood, Mount Pleasant, Booragoon)
  • 6APP-05 (Winthrop)
  • 6APP-06 (Murdoch, Bateman)
  • 6APP-07 (Bull Creek)
  • 6APP-08 (Leeming, Bull Creek)
  • 6CGE-03 (Medina, Naval Base, Orelia, Wattleup, Hope Valley)
  • 6CGE-04 (Kwinana Town Centre, Parmelia, Calista)
  • 6CGE-05 (Orelia, Parmelia, The Spectacles, Bertram)
  • 6GLT-04 (Spalding, Strathalbyn, Webberton, Woorree, Beresford)
  • 6GLT-05 (Spalding, Bluff Point)
  • 6GLT-06 (Mount Tarcoola, Tarcoola Beach, West End, Mahomets Flats)
  • 6GLT-07 (Tarcoola Beach, Wandina, Mount Tarcoola)
  • 6KAT-01 (Katanning)
  • 6KOJ-01 (Kojonup)
  • 6MDR-04 (Dudley Park)
  • 6MDR-05 (Greenfields)
  • 6MDR-06 (Coodanup, Furnissdale, Greenfields, Barragup)
  • 6MDR-07 (Dudley Park, Coodanup)
  • 6MDR-08 (Greenfields)
  • 6MDR-09 (Halls Head)
  • 6MSP-04 (Singleton, Golden Bay)
  • 6MSP-05 (Secret Harbour)
  • 6NTH-01 (Northampton)
  • 6NTM-01 (Northam)
  • 6PNJ-01 (Pinjarra)
  • 6PNJ-02 (Ravenswood)
  • 6SPT-01 (South Perth)
  • 6SPT-02 (South Perth)
  • 6SPT-04 (South Perth, Como)
  • 6SPT-05 (Como)
  • 6SPT-06 (Como)
  • 6SPT-07 (Manning, Salter Point, Como)
  • 6SPT-08 (Manning, Salter Point, Waterford, Karawara)
  • 6VIC-04 (Victoria Park)
  • 6VIC-05 (Rivervale, Lathlain)
  • 6VIC-06 (Kewdale, Lathlain, Carlisle)
  • 6VIC-07 (Welshpool, St James)
  • 6VIC-08 (East Victoria Park, Carlisle)
  • 6VIC-09 (Kewdale, Welshpool, Carlisle)
  • 6YND-01 (South Yunderup, North Yunderup)
Will this affect the house prices of those that already have NBN or will be getting the NBN under the old program? The new NBN will be FTTN which means the last leg of NBN cabling will be paid by the householder, so you can say those under the old NBN rollout get a significant saving of around $5,000? Depending on what the new NBN rollout will look like, which is yet to be determined. 

Tuesday, October 22, 2013

Australia's Most Expensive - Perth Land at $563 per square metre

Perth has been awarded the dubious title of the most expensive place to buy land in Australia with the average cost of land coming to $563 per square metre compared to Sydney, the previous record holder averaging $549 per square metre. This reflects a 7.7% increase for Perth in the June quarter which is massive compared to Sydney's increase of 0.5% in the same period.

The price per square metre for other Australian cities are $471 Melbourne, $470 Adelaide, $417 Brisbane and $180 for Hobart.

Friday, October 11, 2013

Top 100 Suburbs by Median Price Growth to September 2013

How's your suburb doing in the last 12 months? Here is a table of the top 100 suburbs in Perth according to the Real Estate Institute of WA. If you know someone looking for a home in Perth, share this link with them. 

Suburb Median PriceGrowth last 12 months
1 Crawley $2,300,000 130.00%
2 Northbridge $1,310,000 54.10%
3 Watermans Bay $1,198,000 41.80%
4 Peppermint Grove $3,600,000 41.20%
5 Carmel $672,500 37.20%
6 Cockburn Central $650,000 36.80%
7 Jolimont $1,180,000 36.80%
8 Bickley $640,000 30.60%
9 Woodbridge $600,000 29.70%
10 North Fremantle $1,075,000 26.50%
11 Mount Pleasant $1,200,000 26.00%
12 Brentwood $735,000 25.50%
13 Menora $1,100,000 24.10%
14 East Perth $1,200,000 23.10%
15 Middle Swan $380,000 22.60%
16 Chidlow $462,500 22.50%
17 Kallaroo $745,000 22.10%
18 Mount Richon $488,500 22.00%
19 Hillman $316,000 19.20%
20 O'Connor $552,500 18.80%
21 Maylands $680,000 18.30%
22 Burswood $785,000 18.00%
23 Victoria Park $670,000 18.00%
24 Edgewater $547,250 17.70%
25 Embleton $540,000 17.30%
26 Koondoola $372,500 17.10%
27 Daglish $1,001,000 16.50%
28 Guildford $600,000 16.50%
29 Cloverdale $500,000 16.00%
30 Salter Point $1,085,000 16.00%
31 Calista $285,000 15.90%
32 North Lake $715,000 15.80%
33 Bibra Lake $542,500 15.40%
34 Wembley Downs $995,000 15.20%
35 Osborne Park $590,000 15.10%
36 Beechboro $420,000 14.80%
37 Carine $797,500 14.70%
38 Casuarina $762,500 14.70%
39 Shoalwater $458,750 14.70%
40 Jarrahdale $440,000 14.30%
41 Madeley $600,000 14.30%
42 Jandakot $682,500 14.20%
43 Trigg $1,080,000 14.00%
44 Redcliffe $480,000 13.90%
45 Mahogany Creek $577,500 13.80%
46 Mount Claremont $1,315,000 13.50%
47 Sawyers Valley $549,500 13.50%
48 Heathridge $475,000 13.40%
49 Girrawheen $368,000 13.20%
50 Swan View $402,000 13.20%
51 Langford $370,000 13.00%
52 Bateman $722,500 12.90%
53 Ferndale $465,000 12.90%
54 Beckenham $445,000 12.70%
55 Eden Hill $422,000 12.50%
56 Lockridge $360,000 12.50%
57 Munster $540,000 12.50%
58 Wanneroo $454,500 12.20%
59 Helena Valley $600,000 12.10%
60 Kenwick $370,000 12.10%
61 Palmyra $670,000 12.10%
62 Warwick $538,000 12.10%
63 Highgate $822,500 11.90%
64 Willetton $660,000 11.90%
65 Beldon $486,000 11.70%
66 Mullaloo $695,000 11.70%
67 Piara Waters $548,500 11.70%
68 Stoneville $490,000 11.70%
69 Mirrabooka $385,000 11.60%
70 Tapping $530,000 11.60%
71 The Vines $720,000 11.60%
72 West Swan $627,500 11.60%
73 Yangebup $460,000 11.60%
74 East Cannington $470,000 11.50%
75 Thornlie $435,000 11.50%
76 Balga $390,000 11.40%
77 Forrestfield $412,000 11.40%
78 Rossmoyne $975,000 11.40%
79 Wilson $559,500 11.30%
80 Gwelup $845,000 11.20%
81 Hazelmere $522,500 11.20%
82 Bayswater $589,000 11.10%
83 Belmont $522,000 11.10%
84 Brookdale $294,500 11.10%
85 Maida Vale $494,500 11.10%
86 Murdoch $800,000 11.10%
87 East Victoria Park $620,000 11.00%
88 Marmion $905,000 11.00%
89 Quinns Rocks $499,000 10.90%
90 Safety Bay $407,000 10.90%
91 Dianella $615,000 10.80%
92 Lynwood $440,000 10.70%
93 Queens Park $447,750 10.60%
94 Ardross $980,000 10.50%
95 Coolbellup $430,000 10.50%
96 Huntingdale $420,000 10.50%
97 Kardinya $630,000 10.50%
98 Parmelia $298,000 10.40%
99 Bassendean $524,500 10.30%
100 Willagee $540,000 10.20%


Perth Prices and Rent Trending Down in September

REIWA has rewarded a 2.8% fall in the median house price for the Perth metropolitan area with a new median house price of $508,000 from June's median of $522,500. The hottest areas for sales have been in the more affordable south-east of Perth around Gosnells, Thornlie and Armadale. Just over a week ago, Thornlie had the highest number of sales in Perth.

The number of properties available for purchase has dropped 16% since last year. The rental market has also experienced a weakening which experts have attributed to fist home buyers finally buying houses and leaving the rental market. An average house will cost $475 per week which is $5 down from the June quarter. The biggest fall in rent was in the City down $30 per week, down $25 in the western suburbs and South Perth.

Wednesday, October 9, 2013

Australians Wealthiest in World: Credit Suisse

If you lined all Australians along a line from richest to poorest, and then took the guy in the middle and compared him with other "middle" guys in other countries, Australia is the richest nation according to Credit Suisse's Wealth Report released today. Here's some of the article from The Australian today: 
Our wealth is also more evenly distributed across the population, the report said in Sydney, although we have a well above average reliance on real estate which forms 59 per cent of gross household assets. That's second only to Norway.
The report found that our mean wealth per adult is just over $US400,000 each, second only to Switzerland, and that there are 1.12 million people in Australia classed as US dollar millionaires, although that number includes all net assets including housing and superannuation.
The median wealth number of Australia is $US219,505 per person, the highest in the world. The median number in any range is the middle one whereas the mean is the average of all. The fact that Australia tops the median number is a reflection of the fact that Australian wealth is more equally distributed that in some other countries such as Switzerland, said David McDonald, chief investment strategist Australia for Credit Suisse Private Banking.
""The top ten per cent of Australians own 50 per cent of the wealth," he said, "which compares with the top 10 per cent around the world owning an average of 86 per cent and the top ten per cent in the US owning 74 per cent."
The report, compiled out of Europe, said that there are 1.76 million Australians who are in the top one per cent of global wealth holders, accounting for 3.8 per cent of that group despite this country having only 0.4 per cent of the world's adult population
- See more at: http://www.theaustralian.com.au/business/wealth/aussies-top-words-wealthiest-per-capita-credit-suisse-report-finds/story-e6frgac6-1226735467535#sthash.nJBQcZ4J.dpuf

Saturday, October 5, 2013

Top 10 Fastest Selling Perth Suburbs

The Australian published a list of the 80 hottest suburbs around Australia based on the number of days the average property is on the market. In Western Australia, the fastest selling suburbs are Craigie, Kalamunda, Melville, Wilson, Beldon, Woodlands, Parkwood, Queens Park and Edgewater.


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