Newsletter for the Rotary Club of Geraldton Greenough - Issue No.: 528 Issue Date: 17 Jun, 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
Setup & Door
Setup & Door
Guest Speaker Host
Invocation & Toast
Raffle & Rotary Cor
Guest Speaker Thanks
Fines Master
19 Jun, 19
Peter Svensson
Lew Hills
Peter Svensson
Graeme Bylund
Ray Haynes
Raj Mavath
Geoff Wood
Grant Woodhams
26 Jun, 19
Laurie Dines
Glenn O'Brien
Peter Svensson
Clark Scarff
Scott Bennett
Terry Stewart
Geoff Watson
Peter Svensson
03 Jul, 19
10 Jul, 19
Kevin Watson
John Gooch
Michelle Mitchell
Paul Pirrottina
Kerryn Horo
Bruce Ralph
Raj Mavath
Ian Taylor
© Copyright 2006 R. L. Dender All Rights Reserved