The Local Edit

Welcome to the first ever episode of The Local Edit, where host Lachlan Delahunty sits down with buyer’s agent Rowen Powell to talk all things Perth’s western suburbs.

With a lot of uncertainty in the market, Rowen explains why he’s seeing a two-paced market, with interest rates weighing on sales under $3.5m while buyers above that level are paying a premium for scarcity. They dig into the 7 Clarendon Street Cottesloe deal that went for just under $25m, and why buyers are choosing finished homes over waiting years for a build.

They also cover where Rowen sees the best value at $5m, the kind of renovated homes he’d steer clear of, and what the train line development framework could mean for the area.

In this episode:

- Why the market is two-paced, with scarcity driving premiums above $3.5m

- How views and land holding are pushing prices, including a Vic Ave, Dalkeith sale that rose from $8.25m to $10.55m in two years

- Inside the 7 Clarendon Street, Cottesloe sale and why the buyer chose a future-proof home

- Why buyers are paying a premium to skip the build, with costs up and timelines stretching to five years

- Where $5m goes furthest, which homes to avoid, and how the train line development could reshape the area

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Chapters

(00:00) Welcome and a two-paced market

(01:30) Views, land and the Vic Ave Dalkeith sales

(03:00) Inside the 7 Clarendon Street Cottesloe sale

(04:30) Build costs, long timelines and builder risk

(06:00) The best value for $5 million

(07:30) The homes to avoid, and Cottesloe versus Peppermint Grove

(09:00) The train line development framework and The Grove lesson

(10:30) Rezoning and infill along Stirling Highway

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Contact Verve Buyers Agency:

Website: https://vervebuyersagency.com/

Email: [email protected]

Instagram: https://www.instagram.com/verve.buyersagency

Connect with Lachlan

LinkedIn: https://www.linkedin.com/in/lachlandelahunty/

Instagram: https://www.instagram.com/lachlandelahunty/?hl=en

Connect with Rowen

LinkedIn: https://www.linkedin.com/in/rowen-powell-1443a173/

Instagram: https://www.instagram.com/rowenpowell.verve/

Verve Buyer's Agency: https://www.vervebuyersagency.com.au

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Produced by Podwave Studios: https://www.podwavestudios.au

#PerthRealEstate #WesternSuburbs #PerthProperty #Cottesloe #Dalkeith #BuyersAgent #PropertyMarket