Nedlands, Cottesloe top $1m+ sales list

Two of Perth’s western suburbs are all that stood between a total eastern states domination of Australia’s premium property markets last year.

Figures released by property analysts RP Data show Nedlands and Cottesloe as the only two non-Sydney or Melbourne suburbs to make the top 20 areas for $1 million-plus house sales last year.

The recovery from the global financial crisis showed in the figures.

There were 122 such sales in Nedlands, placing it 10th nationally, while Cottesloe (15th) clocked up 106 settlements.

The number of sales in Nedlands was a record for the suburb, six higher than in 2007 and almost double that of 2008.

But Cottesloe, while recording an almost 50 per cent increase on the previous year, was 15 short of its 2007 record.

Meanwhile, the seemingly never-ending building of apartment buildings in Earth Perth saw it top the state for sales of $1m-plus units.

The suburb shared the honour with South Perth. Both had 33 sales, placing them 17th nationally.

The number of East Perth sales was also a record for the suburb, beating the previous best of 32, in 2007.

That year, there were a record 52 $1m-plus unit sales in South Perth.

The inner-city Sydney suburb of Pyrmont topped the list, with 95 units sold, while just a few kilometres north, Mosman led the country for house sales, with 271 recorded.

RP Data national research director Tim Lawless said premium property markets generally provided stronger capital gains, mainly due to “inherently tight supply”.

However, they could be tricky for investors because rental yields were much lower, leading to cash flow issues.

Source  :  www.watoday.com.au

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WA swine flu cases increase

About 200 students at an exclusive boys school have been told to stay home as 10 new cases of swine flu have been confirmed in Western Australia.

The WA health department said the latest cases – ratified on Sunday – lifted the number of confirmed cases in the state to 14.

On Saturday, the department reported that an 11-year-old boy from Scotch College and a 23-year-old woman who had visited Melbourne tested positive and were in home quarantine.

Of the 14 cases, nine are children, communicable disease control acting director Paul Effler said.

The nine children, all aged about 11, are at three Perth schools including six at Scotch College, two at Christ Church Grammar School and one at East Claremont primary school, all in Perth’s affluent western suburbs.

“We’re now working with schools to discuss the best course forward,” Dr Effler said.

“We’re recommending partial closure or in the case of a small school closure for a limited time.”

Scotch College acting headmaster Peter Freitag said about 200 students in years six and seven would stay home this week.

“We’ve been advised to go for a week,” Mr Freitag said.

No one infected with the virus in WA has been hospitalised and all were on their way to a full recovery from the virus, Mr Effler said.

Source :  http://au.news.yahoo.com/a/-/latest/5634449/wa-swine-flu-cases-increase/

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Millionaire Eileen Bond selling Peppermint Grove home

 

WHILE the plunge in western suburbs property prices is common knowledge, at least one prominent millionaire is willing to test the waters.

 

Eileen Bond, ex-wife of businessman Alan Bond, wants to sell one of her plush Peppermint Grove homes. 
The View St mansion, which is on the market for $6.35 million, has been used as a guesthouse for “Big Red’s” family and friends since she moved to Leake St to live behind her daughter, Jody, three years ago.

Real estate agent William Porteous said Ms Bond was downsizing and looking for something more practical.

Her daughter lives in another part of Peppermint Grove and so she bought a house directly behind her daughter’s which is just more practical for their day-to-day lives,” he said.

Jody Fewster lives with her husband, Damian, and their two sons, aged six and 10.

Ms Fewster said they had always been a close family.

We even lived in View St with her for a short time when we first came back from Sydney; it’s a fantastic house, she said.

Ms Fewster said her house was attached to her mother’s through an adjoining room and gymnasium.

We love having mum here, we have a ready-made babysitter, she said. Ms Fewster said the View St home held precious family memories.

I really miss the tennis court there, she said. At Christmas we’d all be out there playing cricket under the lights.

The classic Italianate residence has four bedrooms and four bathrooms, and a marble ensuite to the master bedroom.

It also has a swimming pool and a two-storey foyer, and is on a 1500sqm block.

Source  :  www.news.com.au

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