Stock Levels

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span>EXPERT OBSERVER</span></p>
<p><span>The seasonal surge in listing numbers is well underway, with fresh listings being added to the market up 16% relative to the end of winter, however, despite the upswing in new listings, fresh stock additions are tracking almost 4% lower than the at the same time a year ago to be at their lowest seasonal level since 2012. </span></p>
<p><span>The low level of new listing numbers can be attributed to weak vendor confidence; no surprise given housing market conditions have weakened and selling conditions have become more challenging.</span></p>
<p><span><a href="https://www.propertyobserver.com.au/images/2018/10/19/stock%20level%201.jpg" target="_blank">Click here to enlarge</a>.</span></p>
<p><span> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/19/stock%20level%201.jpg" alt=""></span></p>
<p>Although freshly advertised stock is low, total advertised listing numbers have been trending higher as the rate of absorption slows. In fact, if the current trend continues, we will see the number of properties available for sale exceed the recent 2012 peak in total advertised stock levels. Total listing numbers are 10.2% higher than year ago and at their highest level for this time of the year since 2012.</p>
<p>The rise in total listing numbers isn’t due to a panicked surge in new listings. This is more about less demand which is causing a rise in relisting’s along with longer selling times and fewer successful sales at auction.</p>
<p> </p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span>The typical capital city dwelling sold by private treaty is now taking 53 days to sell compared with 42 days a year ago and discounting rates have risen to an average of 6.5%, up from 6.0% a year ago.</span></p>
<p>Click here to <a href="https://www.propertyobserver.com.au/images/2018/10/19/stock%20level%203.jpg" target="_blank">enlarge.</a></p>
<p><span> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/19/stock%20level%203.jpg" alt=""></span></p>
<p>More stock means more choice for buyers and harder selling condition for vendors – essentially abuyers’ market. Buyers have little sense of urgency under these conditions; they can negotiate hard, take their time to make a purchase decision, and if they feel a property price doesn’t reflect fairvalue, they can easily move onto the next property option.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/19/stock%20level%204.jpg" target="_blank">to enlarge. </a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/19/stock%20level%204.jpg" alt=""></p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span>With so much competing stock on the </span>market, vendors will need to be reasonable with their pricing expectations and ensure their marketing campaign is as effective as possible in order to stand out from other stock for sale.</p>
<p><em><span class="s2"><em><em>Tim Lawless is the national research director of CoreLogic RP Data </em>and can be contacted<a href="https://blog.corelogic.com.au/author/timlawless/" target="_blank"> here.</a></em></span></em></p>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div></body></html>

tlawless-5VLUrbAk9s

Buyers back in the driver's seat as stock levels surge to highest levels since 2012

<html><body>
<p class="post-title entry-title">One of several reasons that some of Australia's property markets might fare surprisingly well in 2018 is the looming equities correction, driven by volatility in the US and elsewhere. </p>
<div id="post-body-3635881065614058753" class="post-body entry-content">
<p>It's now become clear (if it wasn't already obvious) that <a href="http://petewargent.blogspot.com.au/2018/01/rate-hikes-are-not-on-cards" target="_blank">interest rates aren't going to be hiked</a> this year, and probably not next either. </p>
<div>Employment is picking up nicely in some capital cities, and population growth is rising too, driving demand for housing. </div>
<div> </div>
<div>Meanwhile, the lack of enticing alternatives will keep a healthy volume of investors interested in real estate, with the cash rate stuck at record lows for the foreseeable future. </div>
<div> </div>
<div>Since closing at 6135.81 on January 9, the Aussie share market as measured by the ASX 200 index has already dropped by -5.13 per cent. </div>
<br><div class="separator"> </div>
<div class="separator"><a href="https://4.bp.blogspot.com/-4_sAlsZxuWc/WoGEnIt1p4I/AAAAAAAAoVU/Wh5XDB5n5WIcr8wZ2yalDLc1Cu-9oILIgCLcBGAs/s1600/ASX.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-4_sAlsZxuWc/WoGEnIt1p4I/AAAAAAAAoVU/Wh5XDB5n5WIcr8wZ2yalDLc1Cu-9oILIgCLcBGAs/s640/ASX.jpg" width="640" height="382" data-original-height="820" data-original-width="1373"></a></div>
<div><span><strong> </strong></span></div>
<div>An inauspicious start to 2018 to say the least. </div>
<div><span><strong> </strong></span></div>
<div><span style="text-decoration: underline;"><span><strong>'Pain trade'</strong></span></span></div>
<div><span> </span></div>
<div><span>US stock futures are up quite strongly at the time of writing, so perhaps tomorrow will be a better trade Down Under. </span></div>
<div><span> </span></div>
<div><span>But somehow it seems doubtful that stock market nerves are going to be settled for a while yet. </span></div>
<div><span> </span></div>
<div><span>That's the uncanny tendency of markets to deliver the maximum amount of punishment to the most investors from time to time, especially after a long, strong run.</span></div>
<div><span> </span></div>
<div><span>Myer (ASX: MYR) finished today's trade with a fresh low close of 55 cents. </span></div>
<div><span> </span></div>
<div><span>Shorters should now be wary of the takeover risk. </span></div>
<div><span> </span></div>
<div><span><span>PETE WARGENT is the co-founder of </span><a href="https://allenwargent.com/" target="_blank"><span class="s2">AllenWargent</span></a><span> property buyers (London, Sydney) and a best-selling author and </span><a href="https://petewargent.blogspot.com/" target="_blank"><span class="s2">blogger</span></a><span>.</span></span></div>
<p><span> </span></p>
</div>
</body></html>

pwargent-M4siyDbqQY

Share correction could help Australia property markets

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<div title="Page 1">
<div>
<div>
<div>
<p>Despite a surging population and record high levels of new construction, a lower proportion of housing stock is selling. </p>
</div>
</div>
</div>
</div>
<p>The analysis, paired annual settled sales data with dwelling counts over time to show that the proportion of total housing stock turnover on an annual basis. </p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>The analysis found that over the 12 months to September 2017, just 5% of the national housing stock transacted; the lowest proportion of stock-turnover since April 2012 when it was at an historic low of 4.9% of stock transacted. Over the nine years of data available, an average of 5.5% of the national housing stock transacts in a given year.</p>
<div title="Page 1">
<div>
<div>
<div>
<p>Across the combined capital cities, a record-low of 4.7 percent housing stock transacted over the past year which was well down on the 5.6% average. Across the combined regional markets, 5.6% of housing stock transacted which was slightly higher than the 5.5% average. In both the capital city and regional housing markets stock turn-over is slowing. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/Total.jpg" alt=""></p>
</div>
</div>
</div>
</div>
<div title="Page 1">
<div>
<div>
<div>
<p>Housing turnover is impacted by supply and demand factors. From the demand side of things the contributors are the rate of population growth, growth in household incomes, levels of investor demand and accessibility to credit. </p>
</div>
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>From the supply side the factors include the level of new housing construction and how much stock is actually available for sale at any given time. Other factors include the costs associated with buying and selling properties as well as government policies such as incentives for first home buyers.” </p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Across the states and territories, the trends are interesting: </p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>NSW: In Sydney an historic low 4.7% of housing stock transacted over the past year and in regional NSW the figure was 5.9%. In each region turnover has slowed. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/NSW.jpg" alt=""></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Vic: Historic low 4.4% of Melbourne housing stock turned-over throughout the past year compared to 4.9% of regional Vic stock. Both of the regions are seeing a fall in turnover.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/Vic.jpg" alt=""></p>
<div title="Page 1">
<div>
<div>
<div>
<p>Qld: Stock turnover is well above record lows in Brisbane (5.8%) and regional Qld (5.8%). Brisbane turnover is only slightly below average (5.9%) while regional Qld turnover is at average levels. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/QLD.jpg" alt=""></p>
</div>
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>SA: Turnover is fairly steady in SA recorded at 5.7% in Adelaide and 5.8% in regional SA. In each region turnover is slightly above long- term average levels. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/SA.jpg" alt=""></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>WA: After a large fall over recent years, turnover has stabilised at a record low in Perth (3.6%) and has increased slightly from record lows in regional WA (4.2%). </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/WA.jpg" alt=""></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Tas: In Hobart, 5.9% of housing stock sold last year compared to a long-term average of 5.4% annually and in regional Tas 6.1% of stock sold compared to a long-term average of 5.3% </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/Tas.jpg" alt=""></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>NT: 4.2% of housing stock transacted over the past year in Darwin and 4.7% of stock in regional NT. There has been a significant fall in turnover across the state as dwelling values have fallen.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/NT.jpg" alt=""></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Canberra: Over the past year, 4.8% of housing stock sold which is an historic low level. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/Canberra.jpg" alt=""></p>
<div title="Page 1">
<div>
<div>
<div>
<p>The figures are stark given just how little of the Australian housing market actually sells in any given year.</p>
<p>A big driver of the low level of turnover over the past year has been relatively low levels of stock for sale, particularly in our largest capital cities and the high costs associated with stamp duty when buying a property.</p>
<p>The impost of stamp duty discourages turnover as we have recently seen with the removal of stamp duty for first time buyers under certain price thresholds in NSW and Vic.</p>
</div>
</div>
</div>
</div>
<div title="Page 1">
<div>
<div>
<div>
<p>Once removed there has been a surge in housing finance commitments by first home buyers.</p>
<p>The final consideration for the low turnover is the high cost of housing in Australia, because the cost is high it is a significant consideration for households as to whether or not to purchase a property. </p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span style="font-size: 12.16px;"> </span></p>
<p><span style="font-size: 12.16px;"> </span></p>
</div>
</div>
</div>
</div>
<p><span style="font-size: 12.16px;"> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span style="font-size: 12.16px;"> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div></body></html>

ckusher-ujnxiKuFQs

Dwelling construction surges yet housing turnover falls

<html><body>
<p>Zuccoli, <span>a relatively new suburb in the City of Palmerston</span><span>,</span> has experienced the biggest stock increase in the Northern Territory over the past 12 months, according to Investar.</p>
<p>Investar says its sales stock has grown by 80%, from 60 houses this time a year ago to its current 108 offerings.</p>
<p>It is followed by Muirhead with 49% growth and Gunn with 37% growth. </p>
<p><em><a href="https://www.propertyobserver.com.au/images/2019/3/28/zuccoli.jpg" target="_blank">Click here </a>to enlarge:</em></p>
<p><em><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/28/zuccoli.jpg" alt=""></em></p>
<p><em>Source: Investar</em></p>
<p>A three bedroom Zuccoli home currently on the market is priced at $499,000 (pictured above).</p>
<p>Set on a 570 square metres, the nearly new house at <a href="https://www.realestate.com.au/property-house-nt-zuccoli-130765978" target="_blank">35 Myrtlewood Crescent </a>comes with three bedrooms, two living areas, well-appointed kitchen, and established gardens. </p>
<p>It also features air conditioning throughout, solar power system and double lock up garage. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/28/zuccoli%202.jpg" alt=""></p>
<p>Another example is a four bedroom Zuccoli house priced at $475,000 (pictured above).</p>
<p>Built in 2015, the house at<a href="https://www.realestate.com.au/property-house-nt-zuccoli-130597222" target="_blank"> 41 Brook Circuit</a> comprises four bedrooms, separate media room, living room, and large back verandah.</p>
<p>It's within close proximity to new <span>schools and the local IGA.</span></p>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Zuccoli experiencing NT's biggest jump in stock: Investar

<html><body>
<p>Upper Kedron, <span>an outer suburb of Brisbane</span>, has experienced the biggest stock increase in Queensland over the last 12 months, according to Investar.</p>
<p>Investar says its sales stock has grown by 170%, from 27 houses this time a year ago to its current 73 offerings.</p>
<p>It is followed by Rothwell with 129% growth and Gleneagle with 119% growth. </p>
<p><em><a href="https://www.propertyobserver.com.au/images/2019/3/28/qld%20investar.jpg" target="_blank">Click here</a> to enlarge:</em></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/28/qld%20investar.jpg" alt=""></p>
<p><em>Source: Investar</em></p>
<p>A Upper Kedron offering currently on the market is a five bedroom house priced over $620,000 (pictured below).</p>
<p>Set on a large 773 square metre block, the family home at <a href="https://www.realestate.com.au/property-house-qld-upper+kedron-130732070" target="_blank">16 Thomas Place</a> comes with five bedrooms, separate areas for lounge, dining and casual living, kitchen  and alfresco patio.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/28/upper%20kedron%202.jpg" alt=""></p>
<p>Another four bedroom Upper Kedron house on a 659 square metre block has been recently sold for $612,000 (pictured below).</p>
<p>The house at<a href="https://www.realestate.com.au/sold/property-house-qld-upper+kedron-130179426" target="_blank"> 5 Kulnura Street </a>comprises four bedrooms, multiple living areas, modern kitchen, and covered alfresco area.</p>
<p>It's close to parkland, shops, train and schools. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/28/upper%20kedron%203.jpg" alt=""></p>
</body></html>

Brisbane's Upper Kedron house stock increases 170% in a year: Investar

<html><body>
<p>South Nowra, a suburb of Nowra in the Shoalhaven in New South Wales, has been ranked as having the nation's biggest stock increase.</p>
<p>Its sales stock has grown by 252%, from 23 houses this time last year to its current 81 offerings, according to Investar.</p>
<p>It suggests postcode 2541's median house price sits at $566,000, with 14.3% growth over the past year.</p>
<p>Its median rent sits at $430 per week, which has increased 7.5% over the past year.</p>
<p>The rental yield sits at 4%.</p>
<p>A South Nowra four bedroom house has been recently sold for $496,010 (pictured below).</p>
<p>It was sold by Jacqui Grapp from Raine&amp;Horne on May 31.</p>
<p><a href="https://www.realestate.com.au/sold/property-house-nsw-south+nowra-127519710" target="_blank">Situated at 7 Barbata Grove</a> (pictured above), the home on a 700 square metre block comes with four bedrooms, open plan kitchen and dining, lounge area and double garage. </p>
<p>Other features including outside access via sliding doors, timer laminate flooring and rear yard access for the boat. </p>
<p>Another Caladenia Crescent four bedroom was sold for $555,000 by Megan Liddicoat and Scott Baxter from Ray White on April 30.</p>
<p>It was last traded for $181,500 in 2016 (pictured below).</p>
<p>Located within the Green Orchid estate,<a href="http://www.realestate.com.au/sold/property-house-nsw-south+nowra-127874622" target="_blank"> the 50 Caladenia Crescent</a> home comprises of four bedrooms, gourmet kitchen, and open plan living and dining.</p>
<p>Nestled on a 660 square metres, the rear yard is level and freshly turfed with double gates providing side access for boats, caravans and trailers, plus a rear garden shed/ workshop.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/19/50%20caladenia%20cres.jpg" alt=""></p>
<p>A South Nowra offering currently on the market is a four bedroom house priced at $525,000 (pictured below)</p>
<p>It was listed by Peter Russell and Ashleigh Beaufils from Integrity Real Estate.</p>
<p>Positioned on a 458 square metre block, <a href="https://www.realestate.com.au/property-house-nsw-south+nowra-128420022" target="_blank">the 52 Basil Street</a> house contains four bedrooms, separate lounge room, dining and living, and double garage. </p>
<p>It is located just a short stroll to the local park and a short drive to shops and medical. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/19/52%20basil%20st.jpg" alt=""></p>
<p>Another South Nowra four bedroom house has been listed for $545,000 to $565,000 (pictured below).</p>
<p>It is offered by Bohdan Brumerskyj from Professionals Clyde Poulton Real Estate.</p>
<p><a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/property-house-nsw-south+nowra-128214230" target="_blank">Located at 25 Terralla Grove</a>, the house features four bedrooms, kitchen with gas cooking, three well-sized living areas and two-car electric door garage.</p>
<p>It is only minutes from the centre of Nowra, and close to schools, sporting facilities and state forests.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/19/25%20terralla%20grove.jpg" alt=""> </p>
</body></html>

South Nowra experiencing biggest jump in stock 

<html><body>
<p>Melbourne has over 6.5 percent less fresh listings than it had at the same time last year, while Adelaide and Brisbane aren't too far behind.</p>
<p>Sydney's new 8,300 listing represents a 0.4 percent increase in fresh stock to their market compared to a year ago.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/3/14/properties_listed.jpg" target="_blank">to enlarge.</a></p>
<p> </p>
<p> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/14/properties_listed.jpg" alt=""></p>
<p>Sydney's overhang still comes from last year, with 26,800 total listings showing a 22.5 percent increase on how many listings they had last year.</p>
<p>Hobart is still well short of stock with dwellings flying off the shelves. They're 34.5 percent down on total number of listings from this time last year.</p>
<p>In total there are nearly 30,000 new listings, down 3.2 percent from this time last year.</p>
</body></html>

jrobinson-rf4aSBido9

Melbourne's fresh listings well down while Sydney still sees major overhang from 2017

<html><body>
<p>Montello is one of the few Tasmanian locations that Investar calculates has secured a big increase in stock.</p>
<p>The sales stock growth was recently calculated as up by 50%, from 20 houses this time last year to its current 30 offering. </p>
<p>Investar put its median rental at $240 a week.</p>
<p>The median house price sits on<a href="https://www.urban.com.au/property-observer" target="_blank"> $189,000</a>, according to CoreLogic.</p>
<p>A three-bedroom house currently on the market is an <a href="https://www.realestate.com.au/property-house-tas-montello-127253150" target="_blank">8 Alice Street</a> offering, which is priced at $199,000 plus. </p>
<p>It came with open plan kitchen and dining and garage space.</p>
<p>Another three bedrooms offering nearby is priced at $169,000 (pictured below).</p>
<p>This <a href="https://www.realestate.com.au/property-house-tas-montello-119377119" target="_blank">2 Morse Street house</a><a href="https://www.realestate.com.au/property-house-tas-montello-125987954" target="_blank"> </a>is situated about 10 mins walk to CBD. </p>
<p>It was previously rented fully furnished, (all furniture is included in the sale) for $220 per week.</p>
<p>A Margaret Street house has been sold for $213,000 this January. </p>
<p><a href="https://www.realestate.com.au/sold/property-house-tas-montello-127016182" target="_blank">The 8 Margaret Street </a>house came with three bedrooms and two living.</p>
<p>Set on Mace Street, near Montello Primary School, a three bedroom house sold for $155,000 in 2016. </p>
<p><a href="https://www.realestate.com.au/sold/property-house-tas-montello-115131635" target="_blank">The 19 Mace Street house </a>came with a separate garage and the 800 ㎡etre yard (pictured below).</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/31/montello%202.jpg" alt=""></p>
</body></html>

Montello ranks as having Tasmania's biggest stock rise

<html><body>
<p>Lathlain is the Western Australia location which has had a dramatic decline in its house listings.</p>
<p>Investar suggests that the decrease of sale stock is around 61%, from 46 houses this time last year to its current 18 offerings. </p>
<p>There is one Rayment Street offering under contract priced at over $749,000 (pictured below).</p>
<p>Built in 1961, the <a href="https://www.realestate.com.au/property-house-wa-lathlain-127476026" target="_blank">25 Rayment Street home</a> comes with three bedrooms, separate large lounge room an open plan kitchen.</p>
<p>Additional features include ducted evaporative air-conditioning, ceiling fans in kitchen and bore-fully reticulated gardens.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/25%20rayment%20street.jpg" alt=""></p>
<p>A Howick Street four bedroom house has been recently sold for $600,000 (pictured below).</p>
<p>It was sold by Ken Nelligan from LJ Hooker.</p>
<p>Located at<a href="https://www.realestate.com.au/sold/property-house-wa-lathlain-126988670" target="_blank"> 50A Howick Street</a>, the Western Australian home comes with four bedrooms, separate formal lounge/theatre room and open plan kitchen.</p>
<p>It is only a short walk to Victoria Park train station, and minutes to Crown Entertainment complex, Perth Stadium and Lathlain Park.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/50a%20howick%20st.jpg" alt=""></p>
<p>Another Lathilain three-bedroom house was sold for $670,000 in July 2017 (pictured below).</p>
<p><a href="https://www.realestate.com.au/sold/property-house-wa-lathlain-124548662" target="_blank">The 26 Rutland Avenue house</a> was sold by Craig Wildman from Acton.</p>
<p>Fully renovated, the 1920s built home comes with three bedrooms, modern kitchen and large backyard.</p>
<p>It also has double glazed windows,  ducted reverse cycle air conditioning and a CCTV system.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/26%20rutland%20avenue.jpg" alt=""></p>
<p>Investar puts it the suburb median rental at $360.</p>
<p>The suburb's median house price sits on<a href="https://www.urban.com.au/news/11911-lathlain-wa" target="_blank"> $660,000</a> according to CoreLogic. </p>
</body></html>

Stock Levels

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Stock Levels

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News