2016 Market Report | Callagher Estate Agents

YOUR MARKET 2016

Your Market 2016 January to November 2016 Annandale

Houses

Apartments

Total properties sold

147 (-23%) 51 (-32%)

Median sale price

$1.5M (4.7%) $792K (-4.3%)

Lowest sale price

$850K (7.3%) $295K (18%)

Highest sale price

$3.65M (13.7%) $1.7M (-50.7%)

Median days on market

36

42

Median rent

$830pw

$550pw

Median rental yield

3%

4%

Leichhardt Houses Apartments

Total properties sold

159 (-13%) 61 (-8.9%)

Median sale price

$1.34M (8.1%) $700K (-18.1%)

Lowest sale price

$9.5K (-81%) $30K (-91%)

Highest sale price

$2.7M (-11%) $1.45M (-11%)

Median days on market

48

31

Median rent

$740pw

$590pw

Median rental yield

3%

3.5%

Stanmore Houses Apartments

Total properties sold

65 (-22%) 35 (-34%)

Median sale price

$1.45M (1.4%) $7640K (-4.5%)

Lowest sale price

$362.5K (107%) $365.5 (82.75%)

Highest sale price

$2.98M (-18%) $1.7M (24%)

Median days on market

73

55

Median rent

$800pw

$500pw

Median rental yield

2.9%

4.1%

This year to date (Same time last year %) * Sourced from Pricefinder

INNER WEST PREDICTIONS FOR 2017

WITH CARY GIEZEKAMP

The Inner West is one of Sydney’s most enduringly successful and soughtafter markets thanks to a winning combination of lifestyle, proximity to the CBD and a wonderful variety of properties.

Callagher Managing Director Cary Giezekamp talks driving forces and local predictions for 2017.

Our market is blessed with all of the ingredients that motivate a property purchase and for this reason the Inner West has gone from strength to strength over the past three decades, especially in recent years when it’s become THE place to live.

The only problem we face is not having enough stock to fulfil demand and it’s likely that 2017 will be much the same as 2016 in terms of tight listing levels. While there may be a few spikes throughout the year, these low

volumes should keep prices firm and rising.

However there won’t be the huge growth of the previous couple of years – perhaps around 5%.

The merging of local Inner West councils has seen many developments put on hold and we’re unlikely to see any new DA’s granted until at least 2019. This hole in the supply chain will create an opportunity to reap strong capital gains from newly completed units as there simply won’t be enough of these coming onto the market to keep up with demand.

With Parramatta Road now falling under the one council, we might finally see some significant activation along this main artery. While noone wants to see our area overdeveloped, Parramatta Road has plenty of scope for better

usage and more quality properties – it’s the prime spot for new high-density development in an underactivated thoroughfare.

Cary’s Tips: The pick of investments would be red brick ‘60s apartments and blonde brick ‘70s apartments. They represent great value and strong capital gains potential, especially onebedders around 50sqm with a balcony. As our demographic changes and entry prices rise, these once-affordable residences are being bought up by affluent young professionals eager to get into the market. Also, if you have purchased off the plan in the Inner West and are looking to sell, the best time will be in 2019.

ANNANDALE With James Burke Record low stock levels have been driving Annandale property prices sky-high.

With only one month left in the year, property stock in Annandale is down 40% for houses and a huge 60% for apartments compared to 2015, which has propelled prices to record levels. This is, of course, great news for vendors but not such great news for buyers who are struggling to secure property and are paying top dollar when they do.

We are seeing more offmarket deals happening in the area as people take

advantage of these low stock levels, preferring to sell with long settlement periods under their own terms.

Prices have continued to increase significantly this year, although not as much as in the previous two years when we saw a combined 30% growth.

The highest house price for the year was $3.65m and the highest apartment/townhouse sale was a townhouse for $1.3988m.

Annandale is seeing plenty of professional young families taking root here, with more than 37% of dwellings occupied by

couples with children. The general affluence of the suburb is also growing with more than 23% of household incomes between $130,000 and $180,000 and 16% earning over $180,000 per year.

Per square metre prices in Annandale are now up there with the most expensive suburbs in Australia, with 157 Nelson Street setting a new Annandale record at $14,452sqm. The opening of the Rozelle Tramsheds in nearby Forest Lodge has been an exciting new addition to the area, with a wonderful array of eateries and shops.

219 Trafalgar Street Annandale 4 Bed | 3 Bath | 2 Car $3,650,000

190 Nelson Street Annandale 5 Bed | 3 Bath | 2 Car $3,200,000

270 Johnston Street Annandale 3 Bed | 2 Bath | 2 Car $3,120,000

33 Susan Street Annandale 4 Bed | 3 Bath | 1 Car $2,550,000

22 Rose Street Annandale 4 Bed | 3 Bath | 1 Car $2,500,000

31 Booth Street Annandale 3 Bed | 2 Bath | 2 Car $2,360,00

40 Railway Parade Annandale 4 Bed | 2 Bath | 2 Car $2,320,000

127 Annandale Street Annandale 3 Bed | 3 Bath | 1 Car $2,203,000

106 Young Street Annandale 3 Bed | 2 Bath $2,155,000

54 Young Street Annandale 3 Bed | 2 Bath | 2 Car $2,140,000

157 Nelson Street Annandale 4 Bed | 3 Bath | 1 Car $2,110,000

323 Young Street Annandale 4 Bed | 2 Bath | 1 Car $2,085,000

* Sourced from Pricefinder

72 Taylor Street Annandale 3 Bed | 3 Bath | 1 Car $2,020,000

24 Alfred Street Annandale 4 Bed | 3 Bath | 2 Car $1,925,000

20 Kentville Avenue Annandale 3 Bed | 1 Bath $1,800,000

177 Young Street Annandale 2 Bed | 2 Bath | 1 Car $1,400,000

6 Ferris Street Annandale 3 Bed | 2 Bath $1,340,000

89 Annandale Street Annandale 2 Bed | 1 Bath | $1,178,000

206 Albion Street Annandale 2 Bed | 1 Bath $1,065,000

89 Trafalgar Street Annandale 2 Bed | 1 Bath $1,055,000

7 Chester Street Annandale 2 Bed | 1 Bath $1,00,000

5 Susan Lane Annandale 1 Bed | 1 Bath $901,000

45 Breillat Street Annandale 2 Bed | 1 Bath | 1 Car $850,000

75 Trafalgar Street Annandale 3 Bed | 1 Bath | 1 Car

* Sourced from Pricefinder

1/247 Johnston Street Annandale 4 Bed | 3 Bath $1,700,000

1/150 Nelson Street Annandale 3 Bed | 2.5 Bath | 2 Car $1,362,500

142D Nelson Street Annandale 3 Bed | 1 Bath | 1 Car $1,260,000

51E Albion Street Annandale 3 Bed | 2 Bath | 1 Car $1,242,500

17/33-37 Trafalgar Street Annandale 2 Bed | 2 Bath | 2 Car $1,150,000

37/62 Booth Street Annandale 2 Bed | 2 Bath | 1 Car $1,035,000

3/1A Booth Street Annandale 2 Bed | 2 Bath | 1 Car $1,010,000

19/268 Johnston Street Annandale 2 Bed | 1 Bath | 1 Car $915,500

1/50 Nelson Street Annandale 2 Bed | 2 Bath | 2 Car $890,000

27 Taylor Street Annandale 3 Bed | 2 Bath | 1 Car $845,000

4/52A Nelson Street Annandale 1 Bed | 1 Bath | 1 Car $615,000

6/200-202 Albion Lane Annandale 2 Bed | 2 Bath | 1 Car

* Sourced from Pricefinder

LEICHHARDT With Chris Parsons Served with a double scoop of Italian culture, the Leichhardt experience is all about food families and fun.

October 2016 opened the curtains to the 29th Norton St Festival, hosting a broad offering of food, entertainment, culture and family fun to more than 125,000 visitors, making it one of Australia’s largest street festivals. Just as alluring is the broad range of quality local schools, day care centres, parks, shopping centres and

restaurants, making Leichhardt the perfect destination for young and up-and-coming families seeking the ideal lifestyle balance to settle into.

The last 12 months saw a turnover of just 130 properties compared to 214 sales the previous year – a drop of 40% which is looking like a consistent trend for the Inner West in general.

Median growth in Leichhardt rose from $1m in 2013 to $1.3165m, an average increase of $100,000 per year over the last three years.

What’s interesting to note is that Leichhardt’s median value is around 10% lower than the surrounding suburbs of Lilyfield, Annandale and Stanmore, making Leichhardt a very smart future investment opportunity, particularly given the shortage of stock in our market. Either way, when considering the continuing short supply of available stock, the likelihood of further increases in property prices is inevitable.

100 Allen Street Leichhardt 4 Bed | 2 Bath | 2 Car $2,700,000

32 Allen Street Leichhardt 4 Bed | 3 Bath | 2 Car $2,310,000

80 Edith Street Leichhardt 4 Bed | 3 Bath | 1 Car $2,132,000

31 James Street Leichhardt 3 Bed | 2 Bath | 2 Car $2,100,000

39 Annesley Street Leichhardt 4 Bed | 2 Bath | 2 Car $2,000,000

20 Henry Street Leichhardt 4 Bed | 2 Bath $2,000,000

51 Coleridge Street Leichhardt 4 Bed | 2 Bath | 1 Car $1,975,000

12 Waratah Street Leichhardt 4 Bed | 2 Bath | 2 Car $1,830,000

4 Charles Street Leichhardt 3 Bed | 2 Bath | 1 Car $1,800,000

2 Walter Street Leichhardt 4 Bed | 3 Bath | 2 Car $1,750,000

9 Hubert Street Leichhardt 4 Bed | 1 Bath $1,721,000

18 Arthur Street Leichhardt 4 Bed | 1 Bath $1,600,000

* Sourced from Pricefinder

22 Thornley Street Leichhardt 3 Bed | 2 Bath $1,535,000

129 Elswick Street Leichhardt 3 Bed | 2 Bath $1,466,000

32 Charles Street Leichhardt 3 Bed | 1 Bath | 1 Car $1,400,000

82 Annesley Street Leichhardt 2 Bed | 1 Bath $1,341,000

340 Norton Street Leichhardt 3 Bed | 1 Bath $1,295,000

26 Allen Street Leichhardt 3 Bed + Study | 1 Bath $1,265,000

63 Rofe Street Leichhardt 2 Bed | 1 Bath $1,255,000

126 Moore Street Leichhardt 2 Bed | 1 Bath $1,115,000

5 Mackenzie Street Leichhardt 2 Bed | 1 Bath $1,190,000

27 Whiting Street Leichhardt 2 Bed | 1 Bath $995,000

51 Styles Street Leichhardt 2 Bed | 1 Bath | 1 Car $925,000

124 Moore Street Leichhardt 2 Bed | 1 Bath $890,000

* Sourced from Pricefinder

15 Day Street Leichhardt 2 Bed | 2 Bath | 1 Car $1,450,000

3/59A Mackenzie Street Leichhardt 2 Bed | 1 Bath | 2 Car $1,215,000

8/8-26 Darley Road Leichhardt 3 Bed | 2 Bath | 4 Car $1,150,000

118 Marion Street Leichhardt 1 Bed | 1 Bath | 1 Car $1,040,000

3/28 Daniel Street Leichhardt 3 Bed | 1 Bath | 2 Car $975,000

66/69 Allen Street Leichhardt 2 Bed | 1 Bath | 1 Car $895,000

55/23 Norton Street Leichhardt 2 Bed | 2 Bath | 1 Car $690,000

1/30-34 Derbyshire Road Leichhardt 2 Bed | 1 Bath | 1 Car $615,000

10/11-15 Renwick Street Leichhardt 1 Bed | 1 Bath | 1 Car $586,000

3/59 Tebbutt Street Leichhardt 1 Bed | 1 Bath | 1 Car $472,500

6/47-49 Burfitt Street Leichhardt 1 Bed | 1 Bath | 1 Car $375,000

7/91A Balmain Road Leichhardt 1 Bed | 1 Bath | 1 Car $275,000

* Sourced from Pricefinder

STANMORE With Ian Dawson An enduring family favourite, Stanmore continues to grow in popularity, fuelled by a number of driving factors Up until the middle of November there had been 127 sales in Stanmore, the lowest being just shy of $500,000 and the highest being just shy of $3m.

It was recently named Sydney’s 17th best suburb to reside in, largely due to its highly regarded schools and proliferation of beautiful parkland.

With homes in nearby Haberfield being bought up to make way for the controversial WestConnex project, demand for the less affected side of Parramatta Road has increased, with Stanmore particularly sought after.

Similarly, the soaring prices in Annandale have increased demand for neighbouring suburbs further west of the city, where you’ll get a larger block for your money enabling you to have a garden. Stanmore has an abundance of muchloved Victorian-era homes which offer great layouts for family living.

And with many of these heritage listed, you don’t have to worry about your neighbouring property making way for an apartment block.

Transport has always been integral to its popularity, with a CBD train ride taking just 12 minutes, supported by a solid bus network. Home to hatted restaurant Sixpenny, Stanmore’s foodie culture has gone from strength to strength, with a number of thriving new cafes and coffee roasters opening up, significantly enhancing the village atmosphere.

45 Bruce Street Stanmore 4 Bed | 3 Bath | 2 Car $2,975,000

115 Cardigan Street Stanmore 4 Bed | 3 Bath | 2 Car $2,387,000

173-177 Stanmore Road Stanmore 4 Bed | 2 Bath | 1 Car $2,240,000

174 Albany Road Stanmore 4 Bed | 2 Bath | 2 Car $2,000,000

147 Albany Road Stanmore 4 Bed | 1 Bath | 1 Car $1,812,500

108 Cavendish Street Stanmore 4 Bed | 1 Bath $1,780,000

34 Macaula Road Stanmore 3 Bed | 2 Bath | 1 Car $1,750,000

48 Albany Road Stanmore 3 Bed | 1 Bath | 1 Car $1,700,000

51 Corunna Road Stanmore 3 Bed | 1 Bath $1,660,000

43 Albany Road Stanmore 3 Bed | 1 Bath | 1 Car $1,640,000

100 Stanmore Road Stanmore 4 Bed | 2 Bath | 1 Car $1,600,000

59 Albany Road Stanmore 3 Bed | 1 Bath | 1 Car $1,520,000

* Sourced from Pricefinder

27 Westbourne Street Stanmore 3 Bed | 1 Bath | 1 Car $1,470,000

20 Corunna Road Stanmore 3 Bed | 1 Bath | 2 Car $1,450,000

33 Clarendon Road Stanmore 3 Bed | 1 Bath $1,441,000

42 Stafford Street Stanmore 3 Bed | 1 Bath | 1 Car $1,400,000

21 Aubrey Street Stanmore 4 Bed | 2 Bath | 1 Car $1,380,000

16 Durham Street Stanmore 2 Bed | 1 Bath | $1,340,000

109 Trafalgar Street Stanmore 3 Bed | 2 Bath | 1 Car $1,305,000

1 Westbourne Street Stanmore 4 Bed | 2 Bath | 1 Car $1,275,000

29 Corunna Road Stanmore 3 Bed | 1.5 Bath | 1 Car $1,255,000

63 Westbourne Street Stanmore 2 Bed | 1 Bath | 1 Car $1,160,000

99 Corunna Road Stanmore 2 Bed | 1 Bath $1,010,000

171 Albany Road Stanmore 2 Bed | 1 Bath

* Sourced from Pricefinder

8/2 Douglas Street Stanmore 3 Bed | 3 Bath | 2 Car $1,736,100

402/23 Corunna Road Stanmore 2 Bed | 1 Bath | 1 Car $1,320,000

410/23 Corunna Road Stanmore 2 Bed | 2 Bath | 1 Car $1,035,000

3/100 Parramatta Road Stanmore 2 Bed | 1 Bath | 1 Car $860,000

6/111-113 Percival Road Stanmore 2 Bed | 1 Bath | 1 Car $885,000

202/23 Corunna Road Stanmore 2 Bed | 2 Bath | 1 Car $860,000

9/23 Corunna Road Stanmore 1 Bed | 1 Bath | 1 Car $740,000

1/92-96 Percival Road Stanmore 1 Bed | 1 Bath | 1 Car $735,000

32/2-6 Bridge Road Stanmore 1 Bed | 1 Bath | 1 Car $670,000

318/23 Corunna Road Stanmore 1 Bed | 1 Bath | 1 Car $635,000

14/175-183 Trafalgar Street Stanmore 1 Bed | 1 Bath | 1 Car $585,000

8/78 Cambridge Street Stanmore 1 Bed | 1 Bath $530,000

* Sourced from Pricefinder

MAXIMISING YOUR PROPERTY YIELD A small amount of effort and outlay can result in a big gain in rental returns.

There are plenty of easy, inexpensive ways to make your home that much more appealing to potential tenants. New paintwork is an affordable yet highly effective way to freshen up the surroundings –

your Property Manager will be able to recommend a trusted painter, or do the job yourself to save money if you’re able.

Similarly, recarpeting drastically improves a home and good quality new carpet won’t break the budget.

If you can remove the carpet to expose timber floorboards, even better.

Tackling an overgrown garden will improve first impressions and updating small details such as light fittings and blinds can also make a big impact.

A rundown kitchen will really detract from an otherwise appealing property, so look at updating yours – places like IKEA offer great design-conscious budget options. Your Property Manager will be an excellent source of information as to what’s financially worth your while.

OUR SALES & MARKETING HIGHLIGHT “I was completely satisfied with the way James and his colleague Chris Albrecht managed the sale of my Annandale property.

Everything was dealt with very competently and efficiently and with enthusiasm. Communication was excellent and all queries were responded to very promptly and clearly. All the advice I received was accurate and useful. Nothing but praise for James and the rest of the team.�

G. Perram

142C Nelson Street

Annandale

Online campaign views

23,613

Enquiries 172 Groups inspected

78

Contracts 13 Result

Sold Before Auction

$1.26M By

James Burke | 0410 507 046

Chris Albrecht | 0413 483 125

OUR SALES & MARKETING HIGHLIGHT “Best in the Inner West!

Great agents, could not fault their knowledge or expertise. Really happy with the way the sale was conducted, kept us up to date at all times and always answered my calls.

29 Corunna Road

Get them on board!“

Result

Matthew

$1.255M

Online campaign views

Stanmore 32,177

Enquiries 135 Groups inspected

93

Contracts Issued

25

By

Sold at Auction Ian Dawson | 0452 640 338 Stephen Mina | 0435 722 773

OUR SALES & MARKETING HIGHLIGHT “Chris is a professional with deep up-to-date knowledge of the local real estate market. He possesses strong communication skills. He is organised and carries out the tasks as promised.

Best of all, I can trust him for the excellent final deal he has achieved for us.“ Paul & Grace Lau

6/200-202 Albion Lane Online campaign views

Annandale 14,861

Enquiries 69 Groups inspected Contracts Issued Result

40 8 Sold Before Auction

$1.2M By

Chris Parsons | 0405 540 584

YOUR INNER WEST SPECIALISTS James Burke 0410 507 046 | james@callagher.com.au Ian Dawson 0452 640 338 | ian@callagher.com.au Chris Parsons 0405 540 584 | chrisparsons@callagher.com.au callagher.com.au 193-195 Parramatta Road Annandale NSW 2038