Newsletter for the Rotary Club of Geraldton Greenough - Issue No.: 524 Issue Date: 20 May, 2019

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Peter looks cheerful, despite glum news!

The State of Real Estate in Geraldton

GUEST SPEAKER: Real Estate guru and Collingwood HB flanker (it rhymes…) the flying Pole Peter Sukiennik.

Real Estate in Geraldton is down.

A house that is worth $500,000 will only bring you $300,000

Sales are the same as last year, but the prices are the lowest they have been in thirty years.

It is a buyers’ market.

There is some recovery in Port Hedland and Karratha, a similar outcome is at least 12 to 18 months away in Geraldton.

Commercial, industrial, retail and office space is at lowest point ever accompanied by highest vacancy rates ever (e.g) SGIO building is half empty. There doesn’t appear to be anything that will change this scenario. In this financial environment small business is hard pressed to survive i.e. Where once there were three business now there is one.

Questions from K Stokes – residential rentals: I Johnson – ALDI impact; D Bruce – good time to buy; P Pirrottina – retail properties; L Dines – small business revival; I Taylor – negative gearing

Guest Speaker thanks by Marilyn Manson, Michelle Monroe and M&M.

Author: Grant Woodhams

Published: 16 December, 2018

 


Meeting Rosters
Date
Setup & Door
Setup & Door
Guest Speaker Host
Invocation & Toast
Raffle & Rotary Cor
Guest Speaker Thanks
Fines Master
Student
22 May, 19
Raj Mavath
Tom Maina
Kevin Watson
Kim Stokes
Clark Scarff
Ray Haynes
Hugh Lavery
Jim Dillon
29 May, 19
Michelle Mitchell
Kevin Watson
Lew Hills
Douglas Bruce
Kim Stokes
Paul Pirrottina
Laurie Dines
Phil Martin
05 Jun, 19
Peter Sukiennik
Kerryn Horo
Bruce Ralph
John Gooch
Geoff Wood
Geoff Watson
Phil Martin
Kim Stokes
12 Jun, 19
Ian Taylor
Steve Muir
Raj Mavath
Viki Fennell
Hugh Lavery
Robert Houwen
Jim Dillon
Geoff Watson
Upcoming Events
Organiser
Event Name
 
Venue
Date
Time
Reg. By
Our Club
Batavia Hall, Geraldton Grammar School
Wed, 22 May, 19
9:00am
22 May, 19
Our Club
Batavia Hall, Geraldton Grammar School
Thu, 23 May, 19
9:00am
22 May, 19
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