380 - Kalamunda Suburb Update ft. Chelsea Owen

Trent Fleskens hosts Ray White’s Chelsea Owen for a suburb update on Kalamunda, last covered in October 2019 when the median was about $570,000, now around $970,000 and nearing the million-dollar mark. Chelsea discusses Kalamunda’s village feel, housing diversity, schools, quarter-acre blocks, soil and civil cost challenges, and limited large-scale building, with more private builds and some 10–15 site development whispers for 2x2s. Buyer demand is strong, with most listings selling after the first weekend, typically 10–15 groups through and 5–6 offers, often above asking, driven largely by downsizers and families returning to the hills; investors and first home buyers are less present due to price caps. Mobility and low stock constrain both sellers and buyers, with shorter finance timeframes, more cash offers, and longer settlements negotiated. Trent closes with Perth-wide low listings (~2,700), 800+ weekly settlements, and continued price rises while affordability holds.