KARDINYA MARKET UPDATE

APRIL 2012

PR ESENTED BY R ICHAR D CAR TER

Keeping your finger on the pulse....

DISCLAIMER: The information provided in this report have been provided to be informative and helpful and in no way represent legal

opinions of the ACTON group. Readers are required to make their own enquiries into the accuracy of this report for their own records.

1st Quarter sales soar The return to confidence seen towards the end of 2011 has continued into the New Year with ACTON experiencing strong results in January and a huge surge in sales in February an March. Sales for the month were 60.90 percent higher than January and 43.43 percent higher than February 2011. It is the highest monthly result seen in a number of years and equates to 8.6 sales per day, or one sale every 2.77 hours. The strong results were experienced across all ACTON Regions. "These are very encouraging signs that the market is experiencing a sustained turnaround," said ACTON Managing Director Graeme Baxter. "To support this we are also seeing improvements in areas of the market that have languished over the last 12 months. ACTON South West have seen sales increase significantly and sales in the upper end of the market have also improved, with a marked increase in multi-million dollar sales.” Auction activity also reflects the increased confidence of buyers, with a number of properties selling under the ham-mer, and one selling within an hour of the hammer falling. At a recent auction in Claremont the two spirited bidders only saw the property for the first time on the morning of the auction, which reflects the change in buyer sentiment. "Last year buyers were reluctant to bid, they wanted to wait until the property was passed in and then make an offer. There was always the chance that another buyer could put in an offer that was higher, but they were prepared to take that risk," said Mr Baxter. "Now buyers are starting to realise that other parties may be interested in the property and if they really want to buy it they will have to participate in the auction. The greatest benefit for them is that the auction is an open forum and they can see what other buyers are willing to offer and can make a higher offer it they want to."

Kardinya marketplace Statistics...

$1,450,000 Is the Highest sale price in Kardinya

$268,000 Is the Lowest sale price in Kardinya

$585,250 Is the Medium house sale Price in Kardinya

130 Is the number of properties Sold in Kardinya over the last 12 months

39 Is the Number of properties currently For Sale

0.004% Is the approximate Variance in the last 12 months

94 Is the Average days on market in the last 6months.

Kardinya’s Last 6 Months Sales Performance Area

y

List Price Sale Price Sale Date DOM

DISCLAIMER: The information provided in this report have been provided to be informative and helpful and in no way represent legal opinions of the ACTON group. Readers are required to make their own enquiries into the accuracy of this report for their own records.

15 Alsop Pl 4 2 2 719 R17.5 $ 725,000 $ 690,000 28/11/2011 76 17 Alsop Place 4 2 2 738 217.5 $ 650,000 $ 645,000 1/11/2011 42 14 Anglesey Dr 4 1 2 719 R20 $ 499,000 $ 485,000 26/10/2011 252 17b Anglesey Dr 3 1 1 640 R20 $ 439,000 $ 445,000 31/01/2012 187 3a Atwell Crt 3 2 2 372 R20/25 $ 575,000 $ 563,000 19/12/2011 12 20 Barclay 4 2 1 680 R20/25 $ 609,000 $ 529,000 9/02/2012 105 6 Berkshire Pl 4 1 1 736 R20/25 $ 560,000 $ 565,000 12/12/2011 55 13 Bersica Crt 3 1 2 320 R20/25 $ 350,000 $ 365,000 10/12/2011 163 20 Callaway Crescent 5 3 2 835 R17.5 $ 910,000 $ 870,000 15/11/2011 105 5/21 Copperwaite Road 2 1 1 79 R40 $ 355,000 $ 348,000 19/01/2012 43 3/21 Copperwaite Rd 2 1 1 77 R40 $ 372,000 $ 372,000 4/11/2011 85 39 Dalston Cres 3 1 2 85 R20/25 $ 349,000 $ 370,000 9/11/2011 15 42b Dalston Crescent LAND 305 R20/25 $ 295,000 $ 291,000 20/01/2012 442 10b Davies Cres LAND 320 R20/25 $ 279,000 $ 268,000 26/11/2011 196 74 Davies Crescent 3 1 769 R20/25 $ 529,000 $ 515,000 27/01/2012 71 14 Duggan Crt LAND 353 R20/25 $ 299,000 $ 290,000 20/10/2011 39 11 Garling Street 4 2 2 700 R17.5 $ 559,000 $ 542,000 7/12/2011 126 35a Gilbertson Rd 3 1 2 381 R20/25 AUCTION $ 478,000 31/10/2011 32 30 Gilbertson Rd 3 1 2 353 R20/25 $ 430,000 $ 455,000 7/11/2011 67 17/92 Gilbertson Rd 3 1 1 119 R80 $ 359,000 $ 375,000 20/12/2011 63 8/42 Gillett Dr 2 1 1 143 R20 $ 325,000 $ 325,000 1/11/2011 172 7 Gillett Drive 4 2 2 703 R20 $ 680,000 $ 725,000 22/01/2012 89 35 Hanrahan Loop 4 2 1 738 R20 $ 660,000 $ 640,000 2/10/2011 65 4 Hanrahan Loop 4 2 1 719 R20 AUCTION $ 535,000 10/12/2011 132 1/13 Hodgson Place 4 3 2 291 R20/25 $ 650,000 $ 650,000 24/11/2011 86 5 Hotchin Way 4 1 1 521 R20 $ 450,000 $ 455,000 15/11/2011 68 19 Hutchings Way 3 2 2 769 R20/25 $ 589,000 $ 580,500 6/02/2012 7 10 Jarman Cl 4 1 2 768 R20/25 $ 729,000 $ 690,000 9/11/2011 104 15b Kardinya Rd LAND 327 R20/25 $ 269,000 $ 269,000 16/01/2012 10 30 Kingston Pl 4 2 2 700 R20/25 $ 660,000 $ 600,000 16/11/2011 14 6 Kirk Rd 6 2 3 802 R20/25 AUCTION $ 750,000 15/12/2011 91 145 Le Souef Dr 5 2 2 735 R17.5 $ 650,000 $ 650,000 2/10/2011 101 33 Le Souef Dr 3 2 2 796 R17.5 $ 1,050,000 $ 1,050,000 25/10/2011 90 39 Le Souef Dr 4 2 2 785 R17.5 E.O.I $ 800,000 4/03/2012 20 127 Le Souef Dr 4 2 2 741 R17.5 AUCTION $ 685,000 19/12/2011 27 27 Loris Way 4 2 1 746 R20/25 $ 569,000 $ 565,000 20/10/2011 130 14 Mannion Way 3 1 2 714 R20 $ 499,000 $ 470,000 2/10/2011 109 7 Maritime Ave 4 2 1 776 R20/25 $ 625,000 $ 625,000 6/11/2011 21 23 Mcmahon Way 4 2 2 786 R17.5 $ 829,000 $ 770,000 19/03/2011 167 5/3 Morrow Mews 3 1 1 244 R20 $ 399,000 $ 410,000 16/01/2012 71 5/4 Morrow Mews 3 1 1 249 R20 $ 415,000 $ 410,000 13/10/2011 49 17 Ochiltree Way 4 2 2 454 R20/25 $ 780,000 $ 760,000 3/10/2011 11 16b Passey Pl 3 1 1 323 R20 $ 415,000 $ 422,000 14/12/2011 101 16a Petterson Ave 3 1 1 106 R20 $ 399,000 $ 415,000 3/10/2011 208 30 Petterson Ave 4 2 2 685 R20 $ 450,000 $ 502,000 19/11/2011 29 11 Philmore Cres 4 2 1 147 R20 $ 400,000 $ 410,000 2/02/2012 106 28/2 Pinewood Ave 2 1 1 87 R80 $ 280,000 $ 315,000 10/12/2011 80 36/2 Pinewood Ave 2 1 1 86 R80 $ 339,000 $ 322,000 6/10/2011 7 38/2 Pinewood Ave 2 1 1 86 R80 $ 320,000 $ 320,000 9/10/2011 40 11/6 Pinewood Ave 2 1 1 172 R80 $ 300,000 $ 335,000 21/11/2011 7 25 Pinewood Ave 4 2 2 913 R20/25 AUCTION $ 720,000 20/12/2011 293 16c Purcell Gr 3 1 1 295 R20 $ 400,000 $ 440,000 28/11/2011 20 45 Riley Rd 3 3 2 840 R17.5 $ 1,170,000 $ 1,050,000 10/11/2011 370 7/1 Stanbury Pl 3 1 1 210 R80 $ 349,000 $ 349,000 14/11/2011 62 8 Stewart Way 5 2 2 716 R17.5 $ 750,000 $ 735,000 10/10/2011 63 6 Sullivan Way 4 3 2 734 R20/25 $ 865,000 $ 815,000 17/10/2011 57 17b Thomas Way 3 1 1 318 R20/25 $ 439,000 $ 425,000 27/11/2011 301 8 Townshend Way 4 2 2 666 R20/25 $ 699,000 $ 655,000 7/02/2012 28 3 Urwick Court 4 2 2 767 R20/25 $ 500,000 $ 520,000 29/02/2012 427 Urwick Crt 5 2 2 965 R20/25 $ 609,000 $ 591,257 6/12/2011 123 11 Windelya Rd 3 1 2 728 R20/25 AUCTION $ 560,000 19/12/2011 76 186 Winterfold Rd 4 2 1 697 R20 $ 535,000 $ 500,000 13/12/2011 111 3/5 Wood Crt 3 1 1 91 R20 $ 445,000 $ 445,500 28/11/2011 11

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E-mail: richard.carter@acton.com.au

Richard Carter

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ACTON SOUTHERN SUBURBS Suite 4 Kardinya Commercial Centre. Corner of South St. & Gilbertson Rd Kardinya W.A 6163