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12 Santa Monica Drive Waikiki

It's with great pleasure to present

Your Focus Market and Property

and this is why...
DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

ROCKINGHAM

The City of Rockingham is located approximately 45 km south of Perth. It is the fifth largest local government in Western Australia and the State’s fourth fastest growing (in population terms).  Home to people from 117 nationalities and cultures, the City’s population is currently 137,279 and is forecast to increase to 239,147 people by 2046.

The City is a rapidly developing residential area, with substantial industrial and commercial areas, and a naval base on Garden Island.

The City is bounded by the City of Kwinana in the north, the Serpentine-Jarrahdale Shire in the east, the Shire of Murray and the City of Mandurah in the south and the Indian Ocean in the west. It encompasses a total land area of approximately 260 square kilometres, including significant areas of coastline and parkland.

With 37 km of breathtaking coastline, the area is known for its pristine beaches, nearby Penguin Island, dolphins and seals frequenting the area, and adventure experiences.

Market Performance Over 1 Year

Economic Development Strategy 2020

Aimed at achieving a long-term economic outcomes for Rockingham, the Economic Development Strategy 2020-2025 reflects the City's ongoing commitment to addressing the needs of the local business community, attracting new and diverse investment and delivering increased economic and social benefits

Strategic Community Plan 2019 – 2029

The Strategic Community Plan (2019-2029) includes a list of Community Plan Strategies that will be implemented to fulfil the community's vision and aspirations.

City of Rockingham Investment Prospectus

The Investment Prospectus provides a snapshot to potential investors of a range of investment and development opportunities across the City.

Annual Report

This report details the progress made by the City in the past financial year against the actions that have been set out in the Strategic Community Plan 2019 – 2029.

City of Rockingham Official Website

Learn more about the City's unique coastal lifestyle and its quality leadership and governance systems.

WAIKIKI 6169

Market Conditions

7.7% median market growth in 1 year8.8

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 5.56%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

-2.78% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.

Days on market have reduced since February 2021 by -51.5% to 16 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 45.8% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 25.1% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

Arpenteur Park Footpath Construction

The City is constructing a footpath at Arpenteur Park.

Aqua Jetty Stage Two

The Aqua Jetty will be expanded and improved to cater for population growth.

Baldivis District Sporting Complex

A district open space will be delivered in Baldivis to provide for sports club training and competition, as well as community recreation.

Baldivis Road Widening

The City is undertaking road widening works on Baldivis Road.

Bent Street Navigation Channel Dredging

The City is planning to undertake dredging works of the Bent Street Navigation Channel late February 2022.

Bent Street Navigation Channel and Tern Bank Sandbar Excavation

The City will be excavating Tern Bank sandbar during January/February 2022.

City Park Play Area Upgrade

Improving access and inclusion at the playground at City Park Reserve.

Ennis Avenue Shared Use Path

Constructing a red asphalt path on Ennis Avenue.

Muni Funded Road Renewals Dent Court

As part of METRONET’s Thornlie-Cockburn Link Project, there will be essential works on the Mandurah Line resulting in a Shutdown between Aubin Grove and Elizabeth Quay stations

Koorana Reserve Upgrade

The City is upgrading the Koorana Reserve playing fields and clubroom to provide more sporting opportunities for people in the Coastal Central Subdistrict.

Mike Barnett Sports Complex Master Plan

The City is developing a master plan to guide future works and improvements at Mike Barnett Sports Complex (MBSC). A master plan is a long term planning document that will provide a clear vision and direction for the future use of the centre.

Mike Barnett Netball Courts Upgrade

The City is doing several upgrades to the outdoor netball courts at the Mike Barnett Sports Complex.

Playground Replacement Program

Upgrading 11 playgrounds within the City.

Point Peron Boat Launching Facility Car Park Upgrade

Upgrading and extending the car park at the Point Peron Boat Launching Facility.

Pollard Way Drainage Upgrade

Upgrading the drainage system in Pollard Way, Warnbro.

Public Transport Authority - Bus Shelter Replacements

Some bus shelters in the City of Rockingham are being replaced or upgraded.

Secret Harbour Street Lighting Upgrade

Upgrading the street lights within Secret Harbour.

Shoalwater Reserve Activity Node

An activity node will be opened to enhance the foreshore experience for the local and wider community.

Sixty Eight/Eighty Road Speed Cushions

Installing speed cushions at the Sixty Eight/Eighty Road intersection.

Stan Twight Reserve Clubroom Redevelopment

Upgrading the facilities to meet community needs.

St Clair Reserve Off-leash Dog Park

Constructing a new enclosed off-leash dog park.

Toilet Refurbishments

Refurbishing seven toilets around the City of Rockingham.

City Square and Civic Plaza Redevelopment Project

The project included the redevelopment of the City Square and Civic Plaza to improve the appearance, functionality and pedestrian safety of the two areas.

Cooloongup Skate Park

The existing skate park at Alf Powell Reserve has been demolished and replaced.

Kulija Road

The 'Gateway to Rockingham’ or Kulija Road road extension provides direct access to the major industrial and port facilities of Rockingham.

Point Peron Boat Launching Facility Upgrade

The City has upgraded the Point Peron Boat Launching Facility.

Port Kennedy Skate Park

Demolished and replaced the skate park at Veteran's Memorial Reserve.

OUR SUGGESTED PROPERTY

12 Santa Monica Drive Waikiki WA 6169

Property details

4

2

2

Asking Price

Target Price

Potential Rent

Potential Yield

$400,000

$400,000

$450 p/w

5.85% Gross

Where is this Property?

ComparAtive properties

$ 450,000
31 Jan 2022
$ 405,000
27 Jan 2022
$ 375,000
20 Jan 2022

What should i know about this property?

Are there easements on the property?

NO EASEMENTS ON THE PROPERTY

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: Residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see the photos in the listing.

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $2,100 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,300 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This property IS OFF MARKET

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
The property was built in 1977

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
PROPERTY IS VACANT

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
can be rented for $450 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

Please make sure to go though all the details and get back to us as soon as possible

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