Laing + Simmons |Hornsby May Newsletter
A note from our Principal‌ Once again there seems to be no end in sight for the rising property prices in Sydney. Many locals I meet are surprised by the prices that are being achieved in the market from Hornsby to Berowra and raise the question; will the prices drop when the market slows? While there is no definitive answer I often compare our market to others across Sydney and in neighbouring suburbs. For example median house prices in suburbs on the train line with similar or lessor infrastructure have a much higher median sale price such as Wahroonga $1.323m, Pymble $1.648 and Epping $1.39m. These are significantly higher than Hornsby $938,000 and Berowra $777,500. Every weekend we see new buyers moving to the area and they are often missing out on homes in these other suburbs. So in the mind of the buyer Hornsby to Berowra still represents great value!
| Matt Effenberg
Sales News RECENTLY SOLD PROPERTIES 6/10-14 DURAL STREET HORNSBY 2 Bed | 1 Bath | 1 Car + SOLD: $782,000 + Sales Method: Auction + Days on the market: 18 + Inspections: 52 6 HUME PLACE MOUNT COLAH 4 Bed | 2 Bath | 2 Car + SOLD: $1,017,500 + Sales Method: Private Treaty + Days on the market: 16 + Inspections: 60 5/5 PARK AVENUE WAITARA 2 Bed | 1 Bath | 1 Car + SOLD: $560,000 + Sales Method: Off market sale + Days on the market: 0 + Inspections: 0 7 RIVERTOP CLOSE NORMANHURST 3 Bed | 2 Bath | 2 Car + SOLD: $895,000 + Sales Method: Auction + Days on the market: 14 + Inspections: 70
AUCTION RESULTS The past month our sales team have negotiated some fantastic results across a variety of suburbs and property types. 79 Somerville Road sold 30 minutes after the auction for $1,390,000 the second highest sale price for Hornsby Heights. A 1970’s 2 bedroom unit sold at 6/11-15 Dural Street SOLD in a hotly contested auction for $782,000. 2B Evans Road, Hornsby Heights sold prior to its scheduled auction date for $1,313,000. With investors and up sizers driving the market there still seems to be no slowing down.
Investment Watch RECENTLY LEASED PROPERTIES 38/14-18 COLLEGE CRESCENT HORNSBY 2 Bed | 2 Bath | 1 Car + LEASED: $535.00 per week + North facing courtyard + Stone bench tops with SS apps + Gas cooking and heating 5/22 FREDRICK STREET HORNSBY 3 Bed | 2 Bath | 2 Car + LEASED: $660.00 per week + Carpet, bamboo flooring & kitchen tiling + Stone kitchen and quality SS apps + Updated bathrooms 17 THE OUTLOOK HORNSBY HEIGHTS 6 Bed | 4 Bath | 3 Car + LEASED: $950.00 per week + Main bedroom with ensuite and WIR + Spacious kitchen with gas cook top + Separate rumpus upstairs 8 GREENMOUNT WAY MOUNT COLAH 3 Bed | 2 Bath | 2 Car + LEASED: $610.00 per week + 3 spacious bedrooms + Open kitchen with storage + Auto double lock up garage
Investment THE CREST Off the plan 48% SOLD / UNDER OFFER 48% of the apartments at the Crest in Asquith and now Sold or Under Offer. Save up to $35,240.00 in government grants*. Setting the benchmark for relaxed, quality living, “The Crest” is positioned at the peak of one of Asquith’s most convenient locations. Offering spacious apartments with oversized terraces and quality finishes and fittings throughout. The majority of buyers have been local investors, first home buyers and downsizers. Now is the perfect time to buy in at OFF THE PLAN PRICES. Contact Matt Effenberg on 0417 773 500 for a buyer information pack.
Capital Gains A capital gain or capital loss is the difference between what it cost you to buy an asset and what you received when you disposed of it. Capital gains forms part of your income tax and is not considered a separate tax, although it is generally referred to as capital gains tax (CGT). If you make a capital loss, you cannot claim it against income but you can use it to reduce a capital gain in the same financial year. If your capital losses exceed your capital gains or you make a capital loss in an income year you don't have a capital gain, you can generally carry the loss forward and deduct it against capital gains in future years. Selling assets such as real estate or shares is the most common way you make a capital gain or capital loss.
Meet Our Team
Matt Effenberg 0417 773 500 Principal L.R.E.A
Karl Effenberg 0418 640 147 Sales Executive Auctioneer
Steve Noakes 0431 620 422 Sales Executive L.R.E.A
Fred Whong 0450 473 411 Sales Executive
Karen Hardy 0405 759 556 Sales Executive
LIz Pitt 0402 077 851 Sales Executive
Adam Noakes 0450 753 268 Sales Consultant
Sandra Lee 0411 631 965 Sales Consultant
Shelby Kelly 0431 425 963 Sales Associate
Catherine Scott 0401 374 074 Executive Assistant
Kate Mitchell 0405 178 220 Executive Assistant
Shiralee Ross New Business / Leasing Manager
Mikaeli Coles Property Manager
Lisa Foyle Property Officer
Rozalyn Doyle Operations Manager
Montserrat Blanco Accounts Manager
Heidi van Weelderen Business Manager
Office News
This year the team at Laing and Simmons have been involved in many community events helping to raise funds for various charities. We would like to thank all those who supported these events which included the Worlds Greatest Shave, Cherrybrook Movies Under The Stars, Galston Gut Busters and other various fundraisers held in Hornsby Mall. If you are looking for assistance in raising money for your local community or sporting group please contact our events manager Shelby on 9477 3500 to see how the team at Laing + Simmons can help. Laing+Simmons Phone: (02) 9477 3500 | Fax: (02) 9476 6744 Email: sales.hornsby@lsre.com.au | Website: lsre.com.au/Hornsby 268 Peats Ferry Road, Hornsby NSW 2077
L+S Marquee at Galston Gut Busters Event
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Interested parties are advised to carry out their own investigations.
Beyond the expected
TM