Mt Lawley tops local sales

Stuart Weston Real Estate received four offers for this home in First Avenue, Mt Lawley. It sold in four weeks for $1.585 million.
Stuart Weston Real Estate received four offers for this home in First Avenue, Mt Lawley. It sold in four weeks for $1.585 million.

MT LAWLEY was the top performer for the four weeks to March 26, according to the latest local REIWA data.

There were 24 sales in the suburb.

Stuart Weston Real Estate principal Matt Seabrook said Mt Lawley and surrounding areas had seen some growth over the past couple of months, but the area was experiencing a two-speed market.

“Large family homes are selling very strongly but there is limited growth in the smaller investor/first-home buyer market,” he said.

“Family homes are selling almost exclusively to young families stretching themselves to take advantage of the tail-end of a flat market to make the big leap.

“We are also seeing strong activity from retiring downsizers moving out of these family homes into smaller modern properties, that are either single-storey or have a downstairs bedroom.”

Mr Seabrook said the most active price point was between $700,000 and $1.6 million.