Newsletter for the Rotary Club of Geraldton Greenough - Issue No.: 558 Issue Date: 13 Jan, 2020

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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
Setup & Door
Setup & Door
Guest Speaker Host
Invocation & Toast
Raffle & Rotary Cor
Guest Speaker Thanks
Fines Master
15 Jan, 20
Grant Woodhams
Tom Maina
Dan Crisp
Tony Emmott
Douglas Bruce
Terry Stewart
Raj Mavath
Peter Svensson
22 Jan, 20
29 Jan, 20
Douglas Bruce
Lew Hills
Geoff Watson
Peter Svensson
Viki Fennell
Steve Muir
Jim Dillon
Kerryn Horo
05 Feb, 20
Peter Svensson
Hugh Lavery
Ray Haynes
Peter Sukiennik
Tony Emmott
Ian Taylor
Kerryn Horo
John Gooch
12 Feb, 20
Terry Stewart
Bill Frazer
Phil Martin
Scott Bennett
Grant Woodhams
Dan Crisp
Geoff Watson
Bruce Ralph
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