As always, keen to see what is happening in the Perth apartment market, PropertyESP recently took a look at settled sales for the East Perth area from 2015-2018.
Looking just at apartment houses, apartment units and penthouses we found that the East Perth market was showing signs of price recovery across the board.
But when we broke East Perth into precincts we found that Wellington Square compared to Claisebrook and the remainder of East Perth, definitely demonstrated a price difference.
And this was evident whether talking about apartment houses, units or penthouses or even 1, 2 or 3 bedrooms.
Who would have known?
It is quite evident that while sales vary across suburbs they can also do so within suburbs and hence before you purchase land for development it really is best to check your facts. At the end of the day it can play a major factor in your pricing and profit and hence it is essential to know how the sums add up!
If you are seeking that level of detail then contact Sam at PropertyESP because we are all about drilling down into the nitty gritty! And we are the only company in Australia that provides this kind of insight!