mona vale property report january - june 2014 Adrian Hybner
Mona Vale Property Report | January - June 2014
The Mona Vale housing market has again enjoyed a buoyant past six months with continued buyer demand and strong auction clearance rates. During the first four months of this year we witnessed the high end market increase its transaction numbers three fold from January to June last year, whilst all other sectors remained firm. Over the past two months we have seen strong buyer demand and results off the back of exceptionally low supply through both the apartment/townhouse and freestanding house market. Despite demand remaining strong, there are fewer sellers due to a combination of factors including the large volume of sales turnover seen during the past 18 months, traditional seasonality, and limited supply for sellers to purchase after they have sold. With the traditional influx of Spring stock forecast for mid September, the immediate future represents a perfect time to consider your next steps in real estate. If you would like any further information or would like to discuss any of your real estate needs, I would be delighted to be of assistance.
Adrian Hybner M 0410 644 985 D 8914 3200 E adrianhybner@mcgrath.com.au
Proud Major Sponsor of Mona Vale Surf Life Saving Club
Top 15 Mona Vale Sales | January - June 2014 † Address
†
*Sold by McGrath
Sale Price
Sold Date
Bed
Bath
Car
Land Size
17 Bruce Street
$4,225,000
07 Feb 14
4
3
2
540sqm
11 Surfview Road
$4,000,000
13 May 14
5
5
3
823sqm
46 Rednal Street
$3,435,000
24 Feb 14
5
3
3
1,012sqm
176 Narrabeen Park Parade
Confidential
28 May 14
4
2
1
-
68 Elimatta Road
$2,250,000
24 May 14
5
3
4
1,643sqm
20 Hillcrest Avenue
$2,180,000
22 Feb 14
3
1
2
1,230sqm
38 Cook Terrace
$2,010,000
03 Apr 14
4
3
2
725sqm
93 Narrabeen Park Parade
$1,892,000
15 Feb 14
2
1
109/102 Darley Street
$1,800,000
16 May 14
3
2
2
-
15 Cook Terrace
$1,680,000
14 Mar 14
5
3
2
629sqm
23 Elimatta Road
$1,520,000
31 Jan 14
6
3
1
874sqm
2/2 Bassett Street
$1,510,000
20 Feb 14
3
2
2
-
1/147-149 Darley Street
$1,510,000
23 Apr 14
3
2
2
-
28 Parkland Road
$1,510,000
25 Apr 14
5
3
2
699sqm
31 Elimatta Road
$1,500,000
26 Mar 14
4
3
3
721sqm
565sqm
Excludes off-plan and new development sales
Mona Vale Statistics | January - June 2014 Number Sold
Median Sale Price
Growth
Total Value
Houses
47
$1,199,488
3.60%
$56,375,936
Apartments
70
$718,333
-2.00%
$50,283,310
This information in this report is being provided by RP Data and MARS (McGrath’s CRM System), its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.
20 Hillcrest Avenue
68 Elimatta Road
23 Elimatta Road
31 Elimatta Road
Mona Vale Price Growth Houses
Apartments
30% 24.8%
18.3%
20% 15.1%
20%
10%
3.6% 10.9% 0.5%
0% 0.8% -2%
-10% -10.9%
-20% 2010
2011
2012
2013
2014
Mona Vale Buyer Origin | January - June 2014 7% 13% Within 5km of Mona Vale Mona Vale
47%
13%
Lower North Shore/Manly LGA Upper North Shore/Hills International
20%
Mona Vale - Number of Properties Sold Apartments / Townhouses
250
Houses
200
166
165
164
150 145
128
127 115
113
114
118 109 108
100 92 82
70
50 47
0 2007
2008
2009
2010
2011
2012
2013
2014
There have been some large factors influencing market turnover over the past 7 years showing noticeable increases and decreases in both houses and apartments/townhouses. These include the Global Financial Crisis, changing first home buyer grant bonuses (impacting the lower end apartment sales), low interest rates, consumer confidence, changes in Government, trend changes in area demographics, and the large increase in the downsizer/empty nesters.
John McGrath - Message from the CEO
It’s certainly been one of the most exciting years we’ve had in Sydney over the financial year 2014, with the market recovery well underway and good activity in all price brackets. The first six months of 2014 saw the buying frenzy under $2M continue, with a slight tapering after Easter. Year-to-date, median prices are up a very healthy 5.7% for houses and 4.6% for apartments, according to RP Data’s end-of-financial-year report. One of the biggest changes in the market this year is movement in Sydney’s prestige sector. We saw a few big sales here and there in 2013 but there is actual momentum in prestige property this year. My instinct is we are starting to reach a point in Sydney where buyers are feeling concerned about paying too much. That doesn’t mean price growth is about to stop. Most likely we are entering a period of stabilisation, which is a really important step in a new growth cycle.
John McGrath CEO McGrath Estate Agents
Why your home is worth more with McGrath The McGrath Brand
For more than 25 years McGrath has created a brand that stands alone in signifying outstanding results through high quality and integrity rich service. McGrath’s Marketing Excellence
We are committed to constantly evolving our marketing approach to ensure your property is highlighted above the rest. The McGrath Website mcgrath.com.au
The McGrath website is one of the most visited real estate websites in Australia receiving over 400,000 page views each month, both from within Australia and internationally. The McGrath Database of Buyers
Your property will be exposed to the McGrath company database of buyers. We currently have over 200,000 buyers on our database. As soon as your property is uploaded onto mcgrath.com.au, a link is immediately emailed to every suitable buyer prior to commencement of the full campaign. McGrath Magazine
Considered Australia’s most unique and innovative property magazine, the McGrath Magazine is read weekly by over 40,000 potential buyers across NSW, ACT and QLD. It is distributed via 700 selected retail outlets and cafes, our open inspections, McGrath offices, priority mailing lists and online. The magazine is also published in Chinese and is a direct reflection of the English edition. The McGrath Team
McGrath’s network of 58 regional offices cover Metropolitan Sydney, Regional Sydney, ACT, Northern NSW and South East Queensland. Our 600+ sales professionals work as a team to help achieve great property results for you. McGrath’s Auctioneering Excellence
If you choose to sell your property via auction, one of the key success elements will be your auctioneer. McGrath currently employs an award-winning team of 23 exclusive auctioneers to help maximise the sale price of your property. McGrath China Desk
We have a dedicated Asia specialist who facilitates all McGrath agents when dealing with Chinese background clients, to ensure that communications are understood and transparent. *McGrath’s database of potential, qualified buyers currently includes approx. over 200,000 entrants at July 1, 2014
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