North Beach property tests property market

THIS North Beach property could confirm whether Perth’s struggling real estate market has turned the corner. 

Real estate experts say that during the height of WA’s property boom the 1346sqm ocean-front house on West Coast Drive would have fetched more than $5 million.

It is for auction on Saturday and the selling price will be a strong indication of whether property prices, especially for top-end homes, have started to recover.

Nexus sales consultant Peter Berridge, who specialises in the North Beach area, said the property would have been highly sought after during the 2006-07 housing boom.

“It’s a nice elevated lot, with a nice frontage. It’s got everything going for it,” Mr Berridge said.

“I don’t think it would be an over-exaggeration to think it might have sold for in excess of $5 million (back then). We were going through an era where it didn’t seem to matter what you paid for it, you were always going to make a packet until the proverbial hit the fan.”

Mr Berridge said he believed values had dropped about 40 per cent since the property peak.

“The last sale was 341 West Coast Drive in Trigg that sold for $2.2 million and it was a very choice piece of land _ something like that could have possibly pulled $4 million in 2007 and I can mention lesser blocks that sold for more than $4 million,” he said.

According to Landgate, North Beach has enjoyed solid property value growth in the past decade.
It recorded a 19.4 per cent average annual growth rate in the 10 years to December 2008. It also recorded strong growth last year and was among the Perth metropolitan area’s Top 10 performing suburbs, with a 17.7 per cent jump in median house prices.

But during this period it recorded a low volume of sales activity, with just 19 homes sold.
This could have skewered the statistics.

“There’s no doubt that the market for premium coastal property has come back since the height of 2007,” Real Estate Institute of WA president Rob Druitt said.

“Indications are that the first signs of recovery are starting to come through now, so there’s certainly a unique opportunity for buyers who are (looking) in that market,” he said.

Mr Druitt said it has been a bottom-up recovery, so if the top end was reasonably priced and sold, it could give a good indication that Perth’s entire property market had seen the worst.

Source  :  www.news.com.au

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Western Australia upgrades patient management system

The Western Australian Department of Health is looking to upgrade its patient management system as part of the state’s eHealth reform program.

The department has decided to adopt iSOFT’s Patient Manager (i.PM) hospital information system to date in the hope of providing a flexible, cost-effective and fully integrated patient health record system across multiple hospitals.

The i.PM will be installed alongside existing complementary eHealth solutions, including the i.Clinical Manager and the i.Pharmacy, at 13 sites including Sir Charles Gairdner, Royal Perth Fremantle and Princess Margaret hospitals.

Some 6,000 users will be able to access the system across the full range of administrative services from patient registration and referral, through waiting list management and bookings to inpatient attendances and outpatient scheduling.

Western Australia is set to become the nation’s first state to run iSOFT’s entire iSeries suite of solutions. There is also a possibility of the health department implementing the upgrade across as many as 68 rural sites.

Source  :  www.futuregov.net

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Ticket mistake leads to million-dollar Wednesday Lotto win

A GIRRAHWEEN man has  won $1 million from Wednesday’s Lotto draw – after he was mistakenly sold a ticket for the midweek draw.

The man, in his 40s, actually wanted a ticket in Monday’s Lotto draw, but was instead sold a ticket in Wednesday’s draw by a teller at Summerfield News & Lotto in Girrawheen.

When the sales assistant attempted to rectify the mistake by cancelling the ticket, the man insisted that the ticket not be cancelled.

“Please don’t cancel the ticket; it might be lucky,” he told the sales assistant.

His decision ended up winning him the entire Wednesday Lotto Division One amount on offer.

The man, who has been playing Lotto for five years, said that $1 million may not be much money for some people, but for his family it is.

“For us, its big money,” he said.

Whilst he was still coming to terms with the win, the man said his first priority would be to pay off his debts, and then he may consider building another house. His plans also included an overseas family holiday later in the year.

This was the third Division One Lotto win within the past week for WA and the 33rd Division One win for the state so far this year.

Tickets on sale for $30 million OZ Lotto jackpot draw

$30 million remains as the largest Division One amount ever won by a WA Lotto player and is up for grabs in Tuesday’s OZ Lotto draw.

Two Western Australians have won a $30 million Lotto prize in the past; the first, a couple from Leeming in 2001; the second, a university student in October 2007.

And, only last week the Western Australians have won a $30 million Lotto prize in the past; the first, a couple from Leeming in 2001; the second, a university student who for 10 months hadn’t bothered to check a ticket her father had given her as a gift. When she finally decided to check it, she became more than $13 million richer.

With OZ Lotto proving to be a ‘winning’ game for WA players, anyone who hasn’t already got a ticket in Tuesday’s $30 million OZ Lotto draw could put it on their weekend shopping list, or get a friend or work colleague to prompt them to buy their ticket before 6pm on Tuesday,” says Lotterywest spokesperson Jodi Eastman.

Lotterywest is unique in Australia in its role of returning its profits directly to the community through a grants program. Last financial year alone, over $205 million was raised for WA hospitals, sports, the arts and not-for-profit organisations

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