Quarterly Market Report - LJ Hooker Lower North Shore

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QUARTERLY market REPORT

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Quarterly Market Report

LJ HOOKER LNS | A SELECTION OF RECENT SALES

Unit 01/68-70 Chandos Street, St Leonards

14 Spofforth Street, Cremorne

23/156 Military Road, Neutral Bay

12/8-12 Winnie Street, Cremorne

Shop 2/9-11 Rangers Road, Neutral Bay

Shop 3 & Courtyard 4/467-473 Miller Street, Cammeray

61a Mandolong Road, Mosman

Dwelling 2/41 Churchill Crescent, 156 Raglan Street, Cammeray Mosman

55D Belmont Road, Mosman

8/17 Shellcove Road, Neutral Bay

99 Ourimbah Road, Mosman

Unit 301/320-322 Military Road, Unit 6/145a Kurraba Road, Cremorne Neutral Bay

11a/37 Reynolds Street, Cremorne

2/49 Grasmere Road, Cremorne

19 Levick Street, Cremorne

72a Belmont Road, Mosman

2/39-41 Middle Head Road, Mosman

1/17a Harriette Street, Neutral Bay

4 Monash Crescent, Clontarf

2/4 Spofforth Street, Cremorne

Unit 12/289-291 Miller Street, Cammeray

Shop 1/9-11 Rangers Road, Neutral Bay

5 St Elmo Street, Mosman

3/77a Muston Street, Mosman

20 Esther Road, Mosman

24 Bay Street, Mosman

101/363 Military Road, Mosman

45 Spofforth Street, Mosman


MARKET SUMMARY | A NOTE FROM THE DIRECTORS This quarter we have experienced the full effect of limited stock levels across the Lower North Shore. To emphasize just how ‘tight’ the market really is we have calculated that from 40,709 dwellings across the Lower North Shore; the market recorded only 409 sales in July to September which equates to a 1% turnover. There were 65 less sales than last quarter and 173 on the same quarter in 2015.

We are currently experiencing an abundance of demand due to limited supply. We noticed the following trends in July, August and September: • Properties exceed reserves and vendor expectations • More registered buyers at auctions • A spike in expat demand due to low interest rates • Foreign investors purchasing properties outright • Emotional buying driving up purchase prices • More genuine qualified buyers • Increased open home attendance Over the past 20 years (both selling property and operating a business) on the Lower North Shore, we have not seen market conditions like this before. Tight stock, premium prices, high auction clearance rates, low interest rates and phenomenal buyer enquiry continues to create the perfect conditions for sellers, allowing prices to soar after four years of growth. Sales results are exceeding our expectations and are consistently setting new benchmarks, the values of already expensive properties in this area are comfortably maintaining their position as a sought-after asset.

Houses

No. Houses

No. House Sales Q3 2016

No. House Sales Q2 2016

No. House Sales Q3 2015

Mosman

6439

80

78

89

Neutral Bay

1107

4

10

5

Cremorne

1504

14

12

13

Cammeray

1360

10

13

5

Kirribilli

396

4

5

3

Milsons Points

150

0

0

0

McMahonsPoint

511

8

3

24

11467

120

121

139

Units

No. Units

No. Unit Sales Q3 2016

No. Unit Sales Q2 2016

No. Unit Sales Q3 2015

Mosman

10036

92

127

132

Neutral Bay

5668

76

57

82

Cremorne

5177

44

81

77

Cammeray

2696

30

38

35

Kirribilli

2513

18

16

20

Milsons Points

1759

11

18

25

McMahonsPoint

1393

18

16

72

29242

289

353

443

TOTAL SALES

409

474

582

Turnover %

1.00%

1.16%

1.43%

DESCRIPTIONS / KEY MEDIAN PRICE The median price is the middle price of all properties after they have been arranged from lowest to highest values. It best represents trends and buying patterns for a specific period NOT capital growth. TURNOVER PERCENTAGE The turnover percentage is the total number of actual dwellings divided by the sales.   VACANCY RATE The vacancy rate percentage of rental property in a suburb that is available for rent.

CAPITAL GROWTH CALCULATION Every property that has at least two sales recorded form the basis of the capital growth calculations (e.g House A sold price: $2m in July 2016 compared to $1.2m in 2014 = $800k forms the basis for capital growth percentage for House A). These individual property growth rates are then combined into a complete growth rate for the chosen suburb. YIELD Yield is the rental income as a percentage of the property’s value (value based on average prices for the suburb and property category).

Sources: Ashton Rowe Investments, RP Data, Price Finder, Residex, Mosman Council, North Sydney Council and Willoughby Council Lower North Shore: (Mosman, Neutral Bay, Cremorne, Cammeray, Kirribilli, McMahons Point and Milsons Point)

3


AN

CE RA TE S

Over the last quarter the median sale price for Mosman houses was recorded as $3,379,500, the result of 80 properties changing hands during that time. This figure is slightly above the annualised median price of $3,271,000. The suburb growth rate was strong at 13.5%. A benchmark sale at the upper end of the market was that of 5 Morella Road, Mosman which sold for $6,600,000 at auction during September. The derelict property captured local and international attention due to the incredible development potential of the 891sqm harbourside allotment.

CLEAR

MOSMAN RESIDENTIAL MARKET H O U S ES

U NI T S

77%

78%

The median sales price for units slightly increased this quarter to $914,000 based on the sale of 92 properties averaging a respectable 9.6% growth rate.

TURNOVER

Supply to the market has significantly reduced again this quarter. From 16,475 properties, Mosman generated just 172 house and unit sales.

1.04%

329 properties were leased over the quarter with an average weekly return of $806. Â House yields delivered 3.2% and 3.8% for units which combined achieved the highest combined yield on the Lower North Shore.

HOUSES

6439

UNITS

80

10036

NO. HOUSE SALES Median price

Quarterly Market Report

$3,379500 GROWTH

13.5%

House Yield 10 YEAR GROWTH

5.6%

3.2%

92

NO. UNIT SALES Median price

$914,500 GROWTH

9.6%

VACANCY HOUSES & UNITS

3.3%

Units Yield 10 YEAR GROWTH

6.1%

3.8%


AN

CE RA TE S

The median sales price was $2,156,000 for homes in Neutral Bay over the quarter in review. This result was based on the sale of only 5 homes over the 3 month period. *The limited sales results are directly correlated to the supply of houses in the suburb which predominately consists of units and townhouses. There are 5668 units compared to 1107 houses in Neutral Bay; in total 81 of these properties sold this quarter.

CLEAR

NEUTRAL BAY RESIDENTIAL MARKET H O U S ES

90%

U NI T S

77%

Units achieved a median price of $938,500 based on the sale of 76 properties which is significantly above the 2015 annualised result of $885,000. Properties sold during this period achieved an average of 8% growth. The most popular price bracket was between $800,000 and $900,000.

TURNOVER

240 properties were leased over the quarter with an average weekly return of $707 and median of $580. Vacancy rates were at 2.2%. Yields remain consistent with the Lower North Shore averages. Â Â

1.2%

Open homes were extremely popular this quarter in Neutral Bay with properties attracting 70 to 80 groups, predominately younger couples and young families upsizing. * (Please note, we have withheld the 2 notable sales of $7,250,000 and $16,000,000 from the median sales data to better reflect the average market performance.)

HOUSES

1107

UNITS

5

5668

NO. HOUSE SALES Median price

$2,156,000 GROWTH

10.5%

House Yield 10 YEAR GROWTH

5.9%

3.2%

76

NO. UNIT SALES Median price

$938,500 GROWTH

8%

Units Yield

3.7%

10 YEAR GROWTH

6%

VACANCY HOUSES & UNITS

2.2%

5


AN

CE RA TE S

Cremorne’s median house price this quarter was $2,425,000 based on the sale of 14 homes. The median price for this quarter is stable with the 2015 median at $2,232,500. The most popular price bracket for homes (which includes semis and townhouses) in Cremorne was between $2,100,000 - $2,200,000 with the highest price achieved at $5,700,000.

CLEAR

CREMORNE RESIDENTIAL MARKET

The unit market’s price growth was strong as was the median unit price recorded at $1,009,000 (higher than Mosman, Neutral Bay and Cammeray) based on the sale of 44 properties. Investors, first home buyers and downsizers have been competing for the prized stock properties with views, northerly aspects and located in wellmaintained buildings. The perfect example is terrace 1 and terrace 2 at 49 Grasmere Road, Cremorne which both sold separately at auction ($2,100,000 and $2,200,000). There has been a 21% growth for Cremorne apartments and townhouses in 12 short months. Unit auction clearance rates achieved a solid quarterly average at 83%.

H O U S ES

U NI T S

76%

83%

TURNOVER

2%

220 properties were leased over the quarter with an average weekly return of $729. House yields delivered 3.2% and units achieved 3.7% while the annual turnover percentage was 87%.

HOUSES

1504

UNITS

14

5177

NO. HOUSE SALES Median price

Quarterly Market Report

$2,425,000 GROWTH

3.7%

House Yield 10 YEAR GROWTH

6.4%

3.2%

44 NO. UNIT SALES

Median price

$1,009,000 GROWTH

7.6%

VACANCY HOUSES & UNITS

2%

Units Yield 10 YEAR GROWTH

6.5%

3.7%


AN

CE RA TE S

The median sales price for houses in Cammeray over the last quarter was $2,277,000 based on the sale of just 10 homes, interestingly these 10 properties accomplished capital growth of 13.6% growth against their last purchase price. Notably, Cairo Street performed particularly well achieving 2 sales in excess of $4,000,000. Cammeray growth is strong at 22.8% and on the rise as it proves itself a popular suburb for growing families.

CLEAR

CAMMERAY RESIDENTIAL MARKET H O U S ES

90%

U NI T S

79%

The median sales price for units slightly increased this quarter to $955,000 based on the sale of 30 properties averaging an 8% growth rate. Supply to the market is limited in Cammeray; from 4056 properties 40 houses and units were sold which indicates a .99% turnover rate! 88 properties were leased over the quarter with an average weekly return of $610 at 1.2% vacancy. House yields delivered 2.8% and 3.7% for units which combined achieved the highest combined yield on the Lower North Shore.

TURNOVER

1.2%

The strength in the market is undeniable. Properties in Cammeray now appeal to a broader buyer pool, from downsizers to young families as well as professional couples which is predicted to generate ‘the perfect storm’.

HOUSES

1360

UNITS

10

2696

NO. HOUSE SALES Median price

$2,277,000 GROWTH

13.6%

House Yield 10 YEAR GROWTH

6.6%

2.8%

30

NO. UNIT SALES Median price

$955,500 GROWTH

8%

Units Yield

3.7%

10 YEAR GROWTH

6.9%

VACANCY HOUSES & UNITS

1.2%

7


MCMAHONS & MILSONS POINT RESIDENTIAL MARKET MCMAHONS POINT AN

CE RA TE S

Across both McMahons Point and Milsons Point there were 29 unit sales. McMahon’s Point recorded a unit median of $1,101,000 at 13.8% growth whereas Milsons Point recorded a median unit price of $1,400,000 with growth 12.1%. The highest sale of the quarter recorded at $6,550,000.

CLEAR

McMahons Point recorded 8 house sales with a median price of $2,676,000 achieving the strongest growth across the Lower North Shore last quarter of 22.2%.

H O U S ES

U NI T S

NOT KNOWN

93%

Milsons Point is the most tightly held suburb across the Lower North Shore at .58% turnover. Interestingly McMahons Point experienced the highest turnover rate of 1.37% as well as the highest growth rate for houses and units combined. 91 properties were leased over the quarter with an average weekly return of $831. Downsizers and overseas buyers are attracted to Milsons Point due to the number of high-rise security buildings and new developments.

MCMAHONS POINT | HOUSES

8

511

TURNOVER

MCMAHONS POINT | UNITS

1904

NO. HOUSE SALES Median price

Quarterly Market Report

$2,676,000 GROWTH

22.2%

House Yield 10 YEAR GROWTH

8.6%

2.8%

26

NO. UNIT SALES Median price

$1,101,000 GROWTH

13.8%

VACANCY HOUSES & UNITS Data Not Applicable due to Small Sample Size *Number of Houses can take in part of Lavender Bay

1.37%

Units Yield 10 YEAR GROWTH

6.4%

3.5%


MILSONS POINT | HOUSES

150

MILSONS POINT | UNITS

0

11

1759

NO. HOUSE SALES

$3,061,000 GROWTH

19.5%

House Yield

1.2%

10 YEAR GROWTH

Median price

3.5%

10 YEAR GROWTH

GROWTH

12.1%

6.9%

Units Yield

$1,400,000

4%

VACANCY HOUSES & UNITS

2.8%

MILSONS POINT

PROPERTY HIGHLIGHT AN

CE RA TE S

CLEAR

Median price

NO. UNIT SALES

H O U S ES

U NI T S

NOT KNOWN

93%

TURNOVER

0.58%

9


CE RA S

There were 18 unit sales which delivered a $1,104,000 median with a 10.1% growth rate. The most popular price range was between $1,200,000 and $1,500,000.

AN

TE

The median sales price for houses in Kirribilli during the last 3 months was $3,378,000 based on 4 sales which delivered 10.8% growth against the last recorded purchase price.

CLEAR

KIRRIBILLI RESIDENTIAL MARKET

The suburbs turnover was considerable low at .75%, again reconfirming the supply close to the harbour is extremely tight. Kirribilli square metre rates for units are hovering around $20,000 per sqm and $65,000 per sqm for the higher end properties. These figures are significantly higher than other areas across the Lower North Shore. 68 properties were leased over the quarter with an average weekly return of $758.

H O U S ES NOT KNOWN

TURNOVER

U NI T S

86% 0.76%

We have seen a huge demand for both Torrens titled and Strata titled properties from local and Upper North Shore downsizers wanting prime harbourside positions with views of the Harbour Bridge and Opera House. Developers continue to actively search for lots with development potential in the area however supply is limited as the area resides under the North Sydney Council Conservation Act which limits development potential.

HOUSES

UNITS

4

396

2513

NO. HOUSE SALES Median price

Quarterly Market Report

$3,378,000 GROWTH

10.8%

House Yield 10 YEAR GROWTH

7.2%

2.3%

NO. UNIT SALES Median price

$1,104,000 GROWTH

10.1%

VACANCY HOUSES & UNITS Data Not Applicable due to Small Sample Size *Number of Houses can take in part of North Sydney

18

Units Yield 10 YEAR GROWTH

5.5%

3.5%


MARKET REPORT | RETAIL & COMMERCIAL RETAIL AND COMMERCIAL PROPERTY ON THE LOWER NORTH SHORE CONTINUES TO PERFORM EXCEPTIONALLY WELL WITH VACANCY RATES AT EXTREMELY LOW LEVELS AND YIELDS CONTINUING TO COMPRESS.

LEASING

SALES

Leasing demand is still high throughout the Lower North Shore with virtually zero vacancy in the prime Military Road, Mosman precinct. Given the lack of supply and strong demand rents remain buoyant.   Some of the leasing highlights transacted by our team this quarter include: 28 new leases transacted in the quarter with gross retail rents ranging from $1,200 to $1,850 per square metre.   KEY NEW RETAIL TENANTS INCLUDE: • Gorman • The Upside • St. George Bank • Dan Murphys (Opening early 2017) • Rebecca Vallance • And numerous other restaurants cafes, and retail and office tenants

Investors continue to seek safe returns from solid tenants in a stable retail environment. As a result yields continue to compress whilst interest rates remain at historic lows. Again due to the lack of investment property available and the demand being extremely high, prices remain very strong on the Lower North Shore. Key sales transactions in the last quarter has seen many off the plan investment sales on the Lower North Shore ranging in sales rates per square meter of $12,500 to $25,000.   SALES HIGHLIGHTS INCLUDE: • 56-60 Burns Bay Road, Lane Cove anchored by Coles with 6 specialty shops for $29,000,000 on a yield of 5.5% • Ten off-the-plan sales in new developments across Mosman, Neutral Bay and Cammeray setting record prices. • Demand for freehold properties with development potential remains huge with our team transacting several off market sales again setting benchmark results.

MANAGEMENT Investors require expert management and local knowledge to ensure their property performs to capacity. In the last quarter our team has continued to grow its management portfolio. In one example we were able to re-lease a retail property and achieve a 50% growth in investment rental income. We now manage in excess of $750,000,000 worth of retail and commercial properties.

4 SHOPS | 2 REMAINING

MUSE 9-11 Rangers Road, Neutral Bay

3 SHOPS | 1 REMAINING

Shops 1-4 of 467-473 Miller Street, Cammeray

Scott Stephens Director – Retail & Commercial Property 9969 1500 or 0409 960 006 | sstephens@ljhooker.com

LOW

HIGH

Net Rental ($/sqm)

1000

2000

Yield – Market (%)

4

5.5

Outgoing – Operating ($/sqm)

30

70

Outgoing – Statutory ($/sqm)

30

50

Outgoing – Total ($/sqm)

60

120

Capital Values ($/sqm)

12,000

30,000

11


MARKET REPORT | PROJECTS & DEVELOPMENTS AT A GLANCE… • Sydney’s Lower North Shore is experiencing growth for off-the-plan purchases. • The apartment market within the Lower North Shore is strong and demand is greater than the current supply with many of our new projects selling out quickly. This demand translates to substantial capital growth within the construction period. • There is a trend towards high density living in the areas of St Leonards, North Sydney CBD and Spit Junction. • With Mosman and North Sydney council controls tightening, we are seeing an increased number of smaller boutique developments which is favoured by many purchasers. • Compared with Greater Sydney and Western Sydney there are comparably fewer new developments approved on the Lower North Shore, most of which are small boutique projects.

AVERAGE OFF-THE-PLAN SALES FOR LJ HOOKER PROJECTS & DEVELOPMENTS

$795,000

$1,231,000

$2,115,000

1 bed apartment

2 bed apartment

3 bed apartment

NEW DEVELOPMENTS IN THE NORTH SYDNEY & MOSMAN MUNICIPALITIES Cammeray

5 boutique projects

Cremorne

6 boutique projects

Crows Nest

12 boutique to large projects

Kirribilli

7 boutique projects

Milsons Point

2 large projects

Mosman

8 boutique projects

Neutral Bay

8 boutique projects

North Sydney

5 boutique to large projects

St Leonards

5 boutique to large projects

Wollstonecraft

2 boutique projects

WE’VE NOTICED...

BUYER TRENDS

• Downsizers often looking for a low maintenance dwelling that they can “lock-up-and-leave” as they retire and have more time to travel.

• In the early 2000s just 3% of buyers downsized, this then rose in 2011 to 9% and a recent report found 42% of people aged 50-60 were actively looking to downsize from a house to an apartment.

• A growing trend is emerging with purchasers buying an apartment off-the-plan as an investment which they will eventually downsize to or use as a future asset for their children.

• We have seen greater demand for oversized apartments with two separate living spaces and guest accommodation, and a trend for apartments in close proximity to shopping villages.

Quarterly Market Report

CURRENT PROJECTS

CHURCHILL CRESCENT

KIRRIBILLI AVENUE

VERONA

TAREZ

LAURIER

Cammeray Luxury duplexes

Kirribilli 4 residences

Cremorne 20 apartments

St Leonards 11 apartments

Cremorne Penthouse apartment


VERONA KIRRIBILLI AVENUE

LAVONI

THE BRADFIELD

LAURIER JARDIN

BALMORAL

CLIFFORD RESIDENCES TAREZ

ST LEONARDS

CHURCHILL CRESCENT

ALEUCA

*APPROXIMATE LOCATIONS

Tim Abbott | Director of LJ Hooker Projects & Developments 0425 285 833 | tabbott@ljhooker.com

LAVONI

JARDIN

ALEUCA

CLIFFORD RESIDENCES

Balmoral 8 apartments

Cammeray 18 apartments

Cammeray 16 apartments

Mosman Bay 4 residences

THE BRADFIELD McMahons Point 8 residences

13


Sydney Conveyancing Company Christopher Smith P: 8404 9300 chris@sydcc.com.au

Quarterly Market Report

Backed by 20 years of conveyancing experience, Sydney Conveyancing Company transacts over $80 million worth of property per month.   Utilising the most advanced conveyancing processing technologies allows the team at Sydney Conveyancing Company to be fast, efficient and able to assist clients worldwide.   Combining friendly and professional service, Sydney Conveyancing Company is centrally located in a purpose built office and is contactable 24 hours a day, 7 days a week.   Chris and his team of specialists are the REAL choice for every conveyancing need.   Sydney Conveyancing Company, leading the art of conveyancing to a new era! P: 8404 9300

TOP TIPS Quick Tips for Purchasers   • Do not sign anything prior to speaking to SydCC • Ensure that you have finance arranged • Research comparable recent sales online • Set yourself a realistic budget and stick to it

Quick Tips for Vendors   • Speak to SydCC for us to prepare a Contract for Sale • Choose a reputable agent with proven market results • Do not choose an agent based on their commission • Tailor an appropriate advertising campaign with your agent


JOIN OUR SUMMER LIFESTYLE LIST!

SAVE THE DATE MAJOR SUMMER AUCTION EVENT LJ Hooker’s Lifestyle List guarantees maximum exposure, a smoother selling experience and unrivalled results. In addition, vendors will receive exclusive offers from our preferred partners. Let our advantage be your advantage.

MARCH 2017

Contact our team to secure your property’s place on the Summer Lifestyle List. 9969 1500 | mosman@ljhooker.com 15


OUR RECOMMENDED SUPPLIERS

Advantage Styling Property Styling that Sells In today’s competitive market, professional property styling is an essential ingredient in a successful sale. At Advantage Property Styling, our aim is to create an immediate emotional response as a buyer walks through the front door. Using quality furniture, accessories and art, we tailor the styling to each unique property and budget to help our vendors achieve the best price in the shortest possible time. To arrange an obligation free quote with your local Senior Stylist, please contact us. 02 9310 1611 info@advantagestyling.com.au www.advantagestyling.com.au

Certified Pool Certified Pool is a locally based company established to respond to the new pool barrier safety requirements. From April this year all properties that are sold or leased require a certificate from the NSW Swimming Pool Register attached to the sale contract or lease.

Quarterly Market Report

There are three different versions of the Australian Standard that may apply to a pool as well as the Swimming Pool Regulations. Our job is to assist you to have a compliant pool and therefore a saleable or lettable property. With a background in both swimming pools and real estate we are ideally placed to work with you and your agent to achieve a quick result. (02) 9953-6700 info@certifiedpool.com.au www.certifiedpool.com.au


OUR RECOMMENDED SUPPLIERS

Glenco Glenco Electrical are a Sydney based company that specialise in providing a reliable, trustworthy and affordable service to their customers. They know how important it is to provide a fast and efficient service. For the team of trained and highly skilled electricians at Glenco there’s no job too big or too small. Glenco cover everything from lighting installations and repairs, to rewiring properties. If you are looking for an electrician in Sydney then we are confident Glenco will be able to help you. 02 9700 9996 service@glenco.com.au glenco.com.au

Scott Building Solutions Whether you are buying, selling or developing a property, it’s essential to ensure that there’s nothing hiding beneath the surface that may come back to haunt you down the track. With over 25 years experience in the building industry, we provide accurate and efficient inspection reports, along with expert advice regarding building defects.   Our Inspection Services include: • Building & Pest Inspections  • Vendor Reports • Dilapidation Reports • Completion Reports  Have the confidence to protect the value of your property, or proceed with confidence when buying a new home, by choosing Scott Building Solutions! 0409 567 543 info@scottbuildingsolutions.com.au

17


OUR RECOMMENDED SUPPLIERS

BMT Tax Depreciation BMT Tax Depreciation specialise in maximising depreciation deductions for investment property owners Australia-wide. Every investment property owner should engage a specialist Quantity Surveyor to complete a tax depreciation schedule. Research shows that 80 per cent investors are failing to take advantage of property depreciation and are missing out on thousands of dollars. 1300 728 726 www.bmtqs.com.au

Super Plumbers Super Plumbers is your local plumber for all your maintenance needs. We specialise in leaking taps, leaking toilets, blocked sewers, broken hot water systems, blocked pipes, gas installs, drain inspections and anything in between. Super Plumbers provide a friendly and efficient service and an emergency service when required. Ian Madsen 0413 373 314 ian@superplumbers.net.au

Achieve Finance

Quarterly Market Report

We have empowered clients to achieve their ideal lifestyle by focusing on reducing complexity through smart, practical and affordable residential and commercial loan advice and strategies. Looking for a pre-approval package that puts you in control? Our team of specialists help you work out exactly what properties you can afford. Mark Wells | 0432 213 780 mark@achievefinance.com.au www.achievefinance.com.au


YOUR LOCAL EXPERTS

Geoff Smith

Richard Harding

Bernard Ryan

Scott Stephens

Tim Abbott

Justin Kurrenda

Sam Cameron

Anthony Cowie

Colin Craig

Lesley Crawford

Chris Girling

Clare Passlow

Jason Passlow

Cameron Scott

Sonia Tam

Michael Counihan

Margaret Woo

Jeremy Martin

Dara Bridgewater

Jake Wilson 19


Whilst this information has been carefully compiled, no warranty or promise as to its correctness is made or intended. The information outlined within this document also represents subjective interpretation by Ashton Rowe (ACN 144 714 509) and should not be solely relied upon for investment decisions. Interested parties should undertake independent inquiries and investigations to satisfy themselves that any details herein are true and correct. No guarantee of forecasts are being made by Ashton Rowe about potential capital gains or losses. Past information about capital gains does not imply that such gains or growth will be made in the future. The material in this publication is copyright. This document cannot be reproduced without the express permission of Ashton Rowe. The information contained in this brochure is of a general nature and has been provided at least in part to LJ Hooker Mosman by Ashton Rowe.  While LJ Hooker Mosman has no reason to believe that the information is incorrect, LJ Hooker Mosman and its related bodies corporate, directors, agents, contractors and employees makes no representation about the accuracy, reliability, completeness or timeliness of the information contained in the brochure and does no more than pass it on to you. LJ Hooker LNS has no belief one way or to the other as to the accuracy of the information. You should rely on your own enquires and seek appropriate professional advice with respect to any information contained in this brochure.

we know

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