South West WA

The Smartline Report – May Edition

The month in review: South West WA

By Herron Todd White
May 2016

Throughout the South West the majority of historical homes are located within the Shire of Manjimup, more specifically the localities of Quinninup, Pemberton and Northcliffe. These towns are traditional logging towns that at one stage were supported by the timber industry. These older town sites are characterised by a significant number of old timber mill cottages that were built in the early 1900s. The Shire of Manjimup has recognised these timber mill cottages as having historical value and as such has placed them on the Shire’s municipal heritage list.

The main intention of this is to retain the external feel and presentation of the era that they were constructed in. The cottages may be renovated on the one condition that the external facade of the property is not altered.

Given the number of these cottages throughout Quinninup, Pemberton and Northcliffe they are not considered by the market as being unique and out of the ordinary. In fact, many of the homes throughout these regional towns are characterised by 1950s and 1960s asbestos or weatherboard dwellings and as such the contrast between these homes and the heritage listed timber cottages is not so noticeable.

Values for these historical timber mill cottages usually range between $100,000 and $200,000 and as such are generally purchased by the lower socioeconomic demographic. In general the demographic throughout these regional towns enjoys the older style federation homes with the modern brick homes being a rare commodity. Therefore, demand for these historical homes is steady as they in general fit the prospective purchaser’s needs. Renovations are carried out on these historical homes but do not generally achieve any kind of a premium above the cost of the improvements.

Therefore in conclusion, the heritage listed homes in the South West are not considered to have a stark difference to the general homes throughout the region. As such, the market does not vary greatly in how it views these historical homes.

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © Smartline Home Loans P/L 1999 – 2016. Australian Credit Licence Number 385325

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.