Southwest WA Property Market Update November 2019

The past year has been a relatively quiet one for high priced properties in a region that has its fair share of prestige properties given the extensive coastlines and magnificent ocean views. The region in the past five years regularly achieved residential sales upwards of $3 million, however, 2019 has been a quiet one. It’s probably a good indicator of the subdued state of the top end of the market that there have been so few sales.

A couple of sales which were notable in the past 12 months are:

2/28 Ella Gladstone Drive, Eagle Bay

• Sale price: $2.8 million
• Sale date: 4 June 2019

This is a circa 2011, two-storey, four-bedroom, two-bathroom, architect-designed dwelling which has been finished to a very high standard and includes quality fitout and a below ground pool. The property is located at the end of a cul-de-sac on a 916 square metre elevated site and has very good ocean views. Eagle Bay is a salubrious locality and comprises many high-quality homes many of which have views of the ocean and bay. This property ticks all the right boxes.

15 Duckworth Place Naturaliste

• Sale price: $2.3 million
• Sale date: 23 January 2019

This property comprises a circa 2000, single level, four-bedroom, two-bathroom, architect-designed dwelling with rammed earth and timber walls. The property has many features including a 14-metre high ceiling and has been finished to a very high standard with a top-quality fitout. It is located on Mount Duckworth which is situated between Dunsborough and Yallingup on a moderately sloping elevated rural residential lot which has a land area of 4.3 hectares. The elevated location of the house gives it excellent panoramic views of the coastal plain and distant ocean views of Geographe Bay.

Listings

In terms of listings, it would be hard to go past this property. It is a 2003 built two-storey limestone dwelling with three bedrooms and two bathrooms and is situated on a 2,243 square metre elevated site and has absolute beachfront to Eagle Bay. The very private house has been finished to a high standard however, it is the fact that it has ocean views from almost every window and that you could stand on the back deck and almost reach out and touch the whales as they pass by that makes this property stand out. Be prepared to put your hand in your pocket though – it doesn’t currently have an asking price and is asking for offers.