WA

 | 25 January 2013

Four-bedroom Dalkeith property the week's top sale: RP Data

A four-bedroom Perth house that sold for $2.4 million was the week's top sale, according to RP Data.

Gordon Davies, from Gordon Davies Real Estate, said the sale price of the property was due to its location.

“It’s in a very good position. It’s one of the best blocks near the river … often times river blocks get three times the price of an inside block,” said Davies.

The home is situated on one of the best streets in the suburb, according to Davies, and is only two streets away from the Swan River.

The house sits on a 1,035-square-metre block with a below-ground pool.

The 1940s brick house was first listed in September 2011 for more than $3 million under a different agent.

Davies said it is sometimes “naïve” real estate agents who will list at a higher price or “owners who haven’t adjusted to the fact that the market is 20 to 30% lower than its peak”.

He said that capital growth is no longer the same as during the GFC from 2006-2008 where growth was about 45%.

“There’s been a massive change in prices because we normally get about 8 or 12% rise in capital growth.

The median housing price of Dalkeith is $2.2 million, a 10.9% drop from last year, according to RP Data.

But Davies said the Dalkeith housing market is improving.

“The top end of the market has still been lacking confidence. It’s been coming back a little bit...the reality at the moment is we’re finally getting enquiries on the properties over 2 million and up to 6 million.”

Davies recently sold another Dalkeith property for $4.2 million and has another currently under offer at $20 million.

45 Browne Avenue, Dalkeith, WA, 6009, four-bedroom house, sold on February 15 by Gordon Davies Real Estate Dalkeith for $2.4 million

134 Enoggera Terace, Paddington, QLD, 4064, six-bedroom house, sold at auction on February 16 by Belle Property Paddington for $2.19 million

46 Fowler Crescent, South Coogee, NSW, 2034, four-bedroom house, sold at auction on February 12 by Mint360 Property for $2.1 million

75 Woodside Avenue West, Strathfield, NSW, 2135, five-bedroom house, sold at auction on February 16 by Devine Real Estate for $2 million

9 Warton Street, Cottesloe, WA, 6011, two-bedroom house, sold prior to auction on February 14 by Acton Consolidated West for $1.95 million

16 Viking Road, Dalkeith, WA, 6009, five-bedroom house, sold on February 15 by Gordon Davies Real Estate Dalkeith for $1.9 million

506/81 Macleay Street, Potts Point, NSW, 2011, three-bedroom unit, sold on February 15 by Richardson & Wrench Elizabeth Bay/Potts Point for $1.85 million

33 Victoria Crescent, Toowong, QLD, 4066, six-bedroom house, sold at auction on February 15 by Glynis Austin Properties Ray White Real Estate for $1.785 million

12 Eurella Street, Burwood, NSW, 2134, four-bedroom house, sold at auction on February 16 by L J Hooker Burwood for $1.68 million

7 Fortescue Street, Chiswick, NSW, 2046, three-bedroom house, sold at auction on February 16 by Richardson & Wrench Auburn for $1.67 million

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