Newsletter for the Rotary Club of Geraldton Greenough - Issue No.: 549 Issue Date: 11 Nov, 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
13 Nov, 19
Scott Bennett
John Gooch
Kevin Watson
Bruce Ralph
Terry Stewart
Grant Woodhams
Peter Svensson
Phil Martin
20 Nov, 19
Peter Sukiennik
Hugh Lavery
Clark Scarff
Kerryn Horo
Ian Taylor
Ray Haynes
Dan Crisp
Kim Stokes
27 Nov, 19
Steve Muir
Phil Martin
Jason McCarthy
Raj Mavath
Lew Hills
Douglas Bruce
Tom Maina
Kevin Watson
04 Dec, 19
Scott Bennett
Kevin Watson
Jim Dillon
Douglas Bruce
Robert Houwen
Jason McCarthy
Viki Fennell
Grant Woodhams
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