CoreLogic National housing Update October 2017
October Market Outlook
Offset or redraw? A look at the pros and cons
Capital city spring property update
5 smart ways to spring clean your finances
Adelaide October 2017
Brisbane October 2017
Cairns October 2017
Canberra October 2017
Darwin October 2017
Gold Coast October 2017
Melbourne October 2017
Newcastle October 2017
Perth October 2017
Regional NSW October 2017
Regional QLD October 2017
Regional SA October 2017
Regional VIC October 2017
South West WA October 2017
Sydney October 2017
Tasmania October 2017
Wollongong October 2017
CoreLogic NSW housing Update October 2017
CoreLogic QLD housing Update October 2017
CoreLogic SA housing Update October 2017
CoreLogic VIC housing Update October 2017
CoreLogic WA housing Update October 2017
Can I use my home equity to buy an investment property?
What should I look for in a home loan lender?
Should I renovate?
South West WA October 2017
The month in review: South West WA
By Herron Todd White
The South West has historically comprised a range of styles and standard of homes with many unique and sometimes very basic holiday homes particularly along the coast. There are a smattering of older character homes closer to the town centre however the major style of development tended to be 1980s and 1990s brick homes with a mixture of 3-bedroom, 1-bathroom homes and 4-bedroom, 2-bathroom homes in the localities surrounding the major towns. The early 2000s saw a surge in the number of individually designed executive standard homes either situated close to the coast and with ocean views in areas such as Gnarabup, Dunsborough, Eagle Bay and Yallingup Hill or on rural residential lots ranging from one to three hectares. These executive standard homes continue to be constructed in these areas however at a much lower rate.
Over the past decade the South West region has seen a significant expansion in large scale residential subdivisions on the periphery of the major centres in particular: Treendale, Millbridge and Dalyellup around Bunbury; Vasse Newton and Provence around Busselton; Dunsborough Lakes in Dunsborough; and Brookfield in Margaret River. The majority of homes being constructed in these new subdivisions comprise brick and iron project homes generally 4-bedroom and 2-bathroom between 170 and 220 square metres in size on a 500 to 600 square metre block. These homes have now taken over as the majority house style. While the standard and fitout can range significantly between project builds there tends to be a similarity in design and style.
There are very few unit developments in the region however a burgeoning trend has been for 3-bedroom 2-bathroom homes on cottage blocks within these subdivisions for lock and leave occupants.
We have observed an increase in the number of small individual builders in the region offering more unique styles which provide some individuality and offer an alternative to project building. These often tend to be environmentally sensitive, energy efficient builders. We have recently seen the first construction of a Hemp built home in Western Australia (see photo). Could this be a sign of future development in the region? The homes offer a more energy efficient, environmentally friendly and unique style of property which stands out from the crowd. Time will tell.
Speak with a Western Australian Mortgage Broker today.
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.