Newsletter for the Rotary Club of Geraldton Greenough - Issue No.: 506 Issue Date: 14 Jan, 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
16 Jan, 19
Tony Emmott
Douglas Bruce
Phil Martin
Geoff Watson
Robert Houwen
Peter Svensson
Lew Hills
Dan Crisp
23 Jan, 19
Geoff Wood
Glenn O'Brien
Grant Woodhams
Paul Pirrottina
Jim Dillon
Hugh Lavery
Ray Haynes
Raj Mavath
30 Jan, 19
Luke Bayley
Ray Haynes
John Gooch
Kevin Watson
Graeme Bylund
Laurie Dines
Michelle Mitchell
Bruce Ralph
06 Feb, 19
Graeme Bylund
Viki Fennell
Douglas Bruce
Scott Bennett
Peter Sukiennik
Kim Stokes
Clark Scarff
Lew Hills
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