116 Sixth Avenue

Inglewood WA 6052

TRADE UP: BECAUSE OF THE DISTORTIONS IN THE CURRENT MARKET PRICE STRUCTURE AND RELATIVITIES, THIS STAMP DUTY FREE OFFER IN DECEMBER PRESENTS A WONDERFUL OPPORTUNITY TO TRADE UP FROM AN ENTRY LEVEL PROPERTY SUCH AS A 40 OR 50 YEAR OLD 2 X 1 APARTMENT IN A BIG COMPLEX TO ONE OF THESE CLASSIC HOMES - FOR A LOT LESS THAN WOULD USUALLY BE EXPECTED. WHAT DO I MEAN BY DISTORTIONS? -- THE BOTTOM END OF THE MARKET IS HEAVILY SUBSIDISED FOR 1ST HOME BUYERS AND HENCE PRICES ARE VERY FIRM AND SUPPLY LIMITED. CONVERSELY THE TOP END OF THE MARKET APPEARS OVER SUPPLIED AND SALES APPEAR TO BE SLOWER THAN NORMAL. THE RESULT IS THAT THE PRICE DIFFERENCE BETWEEN ENTRY LEVEL PROPERTIES AND A LUXURY NEW TOWNHOUSE IN INGLEWOOD HAS, IN MY OPINION, NARROWED SIGNIFICANTLY.
TRADE DOWN: ANECDOTAL EVIDENCE SUGGESTS THAT PRICES FOR HOMES ON FULL BLOCKS IN ADJOINING MOUNT LAWLEY ARE VERY STRONG. FOR SOME MOUNT LAWLEY OWNERS THIS COULD BE A GREAT OPPORTUNITY TO MAXIMISE THE CASH OUT ON MOUNT LAWLEY, PURCHASE ONE OF THESE DELUXE TOWN HOUSES AND HEAD FOR THE SOUTH OF FRANCE WITH THE HEALTHY BALANCE.
WANT TO MOVE IN FROM THE BOONIES: AGAIN, THESE TOWN HOUSES OFFER A WONDERFUL LOW COST OPPORTUNITY TO MAKE THE CHANGE. NO MORE WEEKENDS SPENT GARDENING, HUGELY REDUCED TRAVEL TIME ETC. ETC.