Newsletter for the Rotary Club of Geraldton Greenough - Issue No.: 538 Issue Date: 26 Aug, 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
28 Aug, 19
Tom Maina
Douglas Bruce
Kevin Watson
Grant Woodhams
Graeme Bylund
Lew Hills
Steve Muir
Clark Scarff
04 Sep, 19
Kerryn Horo
Tony Emmott
Robert Houwen
Phil Martin
Bruce Ralph
Laurie Dines
Peter Sukiennik
Kevin Watson
11 Sep, 19
Hugh Lavery
Peter Svensson
Douglas Bruce
Geoff Watson
Jason McCarthy
Jim Dillon
Kim Stokes
Robert Houwen
18 Sep, 19
Bill Frazer
Raj Mavath
Viki Fennell
Dan Crisp
Phil Martin
Graeme Bylund
Michelle Mitchell
Hugh Lavery
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