Depending on the precinct and land size, 4-bedroom homes in Officer range from $550,000 to $870,000, though two recent rate rises have put downward pressure on the top end of the market.
Precinct and land size
Established Officer homes on 448 to 600 square metres currently range from $660,000 to $760,000. In contrast, new builds on smaller lots in Officer South sit between $550,000 and $660,000.
Premium location drivers
Homes in premium streets, those with larger land, or proximity to school catchments command between $800,000 and $870,000. Streets within the Officer Primary School catchment specifically provide a measurable premium to the final result.
The impact of build costs
Building a standard 4-bedroom home now costs between $380,000 and $430,000 before land. These elevated costs act as a natural price floor, making established homes appear as genuinely good value to buyers.
The honest reality
Two RBA rate rises in the past two months have tightened buyer borrowing capacity. Properties priced at 2024 levels are not selling; only well-presented homes priced to today’s buyer reality are moving.
Questions to consider
- Which precinct is your home in, and does it attract the established buyer pool or the newer Officer South pool?
- Does your property sit within the Officer Primary School catchment to command a higher premium?
- Does your street have the mature trees and settled streetscape that current buyers value?
Talk to KR Peters for a straight-talking appraisal with no obligation.
krpeters.com.au
Market information is general in nature and reflects conditions
at the time of publication. For advice specific to your property,
contact KR Peters.