2015/2016 Report Randwick North
Angus Gorrie 0418 282 853
Angus Gorrie and his team
Welcome to my end of financial year report, the spring market is upon us! The local market has seen some exceptional results over the past financial year (2015/2016). In the last 12 months McGrath has consistently kept a 90% auction clearance rate in Randwick and we averaged 28 days on the market for our properties. The median house price in Randwick has increased to $2,100,000. This financial year my team and I sold 53 properties in the area and kept an 88% auction clearance rate. Daily we pride ourselves on placing the right people into the perfect homes for them. We are very focused on exceeding our client’s expectations each day. I firmly believe that who you choose to work with in today’s market is critical to the outcome of your real estate sale or purchase, engaging an agent who has a vast understanding of the local market is imperative. As much as it could be argued that the Randwick area should sell itself, the reality is that the popularity of the area coupled with the right agent will naturally bring better results. I hope you find my report informative and if you are considering buying or selling in the local market or if you simply require more information on these results, please call me.
Angus Gorrie Randwick North Specialist D 9386 3434 M 0418 282 853 E angusgorrie@mcgrath.com.au
Top sale in Randwick for FY 2015/2016
RANDWICK 8 Dick Street Magnificent family residence of undeniable quality. Set within a prestigious coastal pocket capturing stunning ocean outlooks, this magnificent five bedroom home offers an exquisite blend of contemporary aesthetics with classic 1920s appeal. Bordering Clovelly and Coogee, it is placed a stroll to shops and cafĂŠs.
5
3
2
Sold at Auction: $6,110,000 Land Size: 746sqm Sold by McGrath
“Having bought and sold a number of properties over the years it was refreshing to meet an agent like Angus Gorrie. From the very beginning there was a plan in place and he guided us through the process of selling our family home after having already secured the next. We were nervous in taking this momentous step but felt confident in Angus’s proven ability, local knowledge and had heard of his highly professional approach. We felt in control the entire time and were kept informed of every detail through daily calls, emails and weekly face to face meetings. We are thrilled to have achieved such a successful sale before auction with a result well above our expectations. We could not be happier and would be open to speaking to anyone that is considering using Angus for their sale.” Tony and Malise Sassano – 40 Wentworth Street, Randwick
Lifestyle image
“Dear John McGrath, I have no doubt that you are already aware of the immense talent you have in your Coogee office. Specifically, I wanted to let you know what a genuine pleasure it was to deal with Angus Gorrie who sold our home in Randwick this week. Angus is someone whose manners and general disposition are impeccable. My husband and I are naturally quite cynical and after various approaches from real estate agents wanting to sell our home, we had no intention of hiring any of them. Angus displayed an impressive combination of tenacity and respect that eventually won us over. More than anything else, I’d like to congratulate you for identifying a young man who is so obviously passionate about his work and also so ethical in the way he conducts himself. He was always honest and we appreciated that. Our home was not even on the market when he sold it! When he said he had buyers interested in the property, I certainly doubted that. Not only was that the truth, he brought two couples over who proceeded to battle it out among themselves thus achieving a terrific price for us. I couldn’t recommend Angus more highly to anyone hoping to sell their home.“ Jason and Emma McCauley – 45 Earl Street, Randwick
Randwick North Statistics
FINANCIAL YEAR 2015/2016
ALL AGENCIES
Number of houses sold
79
Average sale price for houses
$2,411,354
Total value sold
$190,497,000
FINANCIAL YEAR 2014/2015
ALL AGENCIES
Number of houses sold
88
Average sale price for houses
$2,358,827
Total value sold
$207,576,833
Randwick North Market Share Breakdown
McGrath (19.31%) PPD Woollahra (17.24%) Belle Property (6.21%) LJ Hooker (5.52%) Ray White (5.52%) Raine & Horne (4.83%) N G Farah Real Estate (3.45%) Bradfield Cleary (2.07%) Bresic Whitney (2.07%) Others (11.72%)
5
10
15
20
25
Market Share
Notes: This information is being provided by Australian Property Monitors and Corelogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for errors or admissions here in.
McGrath Statistics as of July 2016
90 OFFICES
GROSS SALES FY 2015/2016 $6.12 BILLION
334,615 BUYERS IN DATABASE
*company owned offices
208,187 BUYER ALERTS EMAILED
52,239 FACEBOOK LIKES
946 SALES PEOPLE
42 EXCLUSIVE AUCTIONEERS
CHINA DESK ENQUIRIES 140 ASSISTED 36 MEETINGS 2 SALES
3903 SALES FY 2015/2016
FY 2015/2016 2498 AUCTION SALES 1405 PRIVATE TREATY SALES
*company owned offices
*company owned offices
26,382 PROPERTIES MANAGED
$18.4B APPROX VALUE MANAGED
Notes: This information is being provided by MARS (McGrath’s CRM System). Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for errors or admissions here in.
Randwick North Sales FY 2015/2016 ADDRESS
BED
BATH
CAR
SOLD DATE
LAND SIZE
SALE PRICE
8 Dick Street
5
3
2
Sep-15
746sqm
$6,110,000
1 Dangar Street
4
4
2
Aug-15
835sqm
$5,150,000
32 Wentworth Street
5
4
2
Oct-15
488sqm
$4,400,000
26 Figtree Avenue
5
3
2
Feb-16
487sqm
$3,928,000
17 Douglas Street
5
2
1
Nov-15
557sqm
$3,825,000
32 Market Street
5
3
2
Aug-15
607sqm
$3,650,000
56 Wentworth Street
5
3
3
Aug-15
417sqm
$3,510,000
41 Pine Street
4
4
2
Apr-16
351sqm
$3,390,000
125 Darley Road
5
2
2
May-16
456sqm
$3,370,000
42 Earl Street
4
2
3
Mar-16
542sqm
$3,340,000
5 Mort Street
4
4
1
Nov-15
418sqm
$3,260,000
53 Wentworth Street
5
1
1
Dec-15
721sqm
$3,250,000
1 Stephen Lane
4
2
2
Feb-16
602sqm
$3,175,000
18 Dangar Street
4
2
2
Oct-15
418sqm
$3,075,000
67 Darley Road
7
2
2
Feb-16
664sqm
$3,000,000
28 Centennial Avenue
3
3
2
Feb-16
498sqm
$2,990,000
4 Stanley Street
4
3
1
Jun-16
316sqm
$2,910,000
43 Wentworth Street
4
3
2
Aug-15
269sqm
$2,900,000
36 Cowper Street
3
2
1
Mar-16
502sqm
$2,850,000
46 Earl Street
4
2
3
Dec-15
536sqm
$2,810,000
16 Randwick Street
4
4
1
Oct-15
293sqm
$2,650,000
4 Stephen Street
3
1
2
May-16
411sqm
$2,641,000
10 Douglas Street
4
3
2
Sep-15
234sqm
$2,610,000
3 Conway Avenue
3
1
1
Apr-16
487sqm
$2,610,000
13 Hooper Street
4
3
1
Apr-16
304sqm
$2,600,000
24 Stephen Street
4
2
0
Mar-16
259sqm
$2,565,000
9 Figtree Avenue
4
3
2
Oct-15
221sqm
$2,560,000
23 Castle Street
4
3
1
Jan-16
191sqm
$2,500,000
67 King Street
4
2
1
May-16
247sqm
$2,360,000
52 Pine Street
4
2
1
Dec-15
272sqm
$2,305,000
Notes: This information is being provided by Australian Property Monitors and Corelogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for errors or admissions here in.
“We just wanted to acknowledge our thanks for both the purchase of our property and the sale of our property in which we dealt with Angus Gorrie in both instances. When purchasing our property, Angus was very professional and helpful whilst doing the best for his vendor which is why we knew he would be the best person to sell our property, which got a fantastic result we are very happy with. Whilst selling our home Angus was very attentive, professional and hardworking. We will recommend him to anyone we know wishing to sell their property. As Angus is so young and already an amazing salesperson, we wish him all the luck in the world as he has a bright and rewarding future ahead of him.” Dan and Michelle Gillespie – 30 Carrington Road, Randwick
“Angus Gorrie sold us a property in Sydney’s eastern suburbs, he was courteous and very clear throughout the sale process and we would have no trouble recommending him as an honest and up front agent.” Elsa Hermanna Morgan – 43 Earl Street, Randwick
Randwick North Sales FY 2015/2016 (continued) ADDRESS
BED
BATH
CAR
SOLD DATE
LAND SIZE
SALE PRICE
149 Darley Road
5
2
2
Jul-15
417sqm
$2,300,000
91 Clovelly Road
3
1
2
Jul-15
531sqm
$2,210,000
48 Clovelly Road
3
3
2
Apr-16
247sqm
$2,200,000
4 Chapel Street
3
1
1
Jan-16
323sqm
$2,171,000
1 Pine Street
4
3
2
Nov-15
215sqm
$2,150,000
42 Prince Street
5
4
1
Aug-15
331sqm
$2,125,000
12 Carey Street
4
1
1
Nov-15
371sqm
$2,110,000
29 Ravenswood Avenue
3
2
3
Mar-16
417sqm
$2,110,000
89 King Street
3
1
1
Nov-15
286sqm
$2,100,000
177 Darley Road
3
1
2
Sep-15
291sqm
$2,100,000
10 Rae Street
4
3
0
Sep-15
247sqm
$2,050,000
59 Carrington Road
3
2
2
Oct-15
190sqm
$2,025,000
8 Douglas Street
3
1
3
Apr-16
297sqm
$2,000,000
7 Clovelly Road
3
2
0
Oct-15
240sqm
$2,000,000
73 Albion Street
4
1
2
Apr-16
298sqm
$1,960,000
38 Gilderthorpe Avenue
4
2
0
Aug-15
245sqm
$1,950,000
4 Avoca Street
7
2
2
Mar-16
291sqm
$1,920,000
65A Carrington Road
3
1
1
Dec-15
247sqm
$1,905,000
28 Bishops Avenue
3
1
0
Oct-15
341sqm
$1,900,000
25 Wentworth Street
2
1
2
Nov-15
253sqm
$1,885,000
5 Chapel Street
3
2
1
Mar-16
297sqm
$1,860,000
80 Frenchmans Road
3
1
1
Dec-15
259sqm
$1,840,000
65 Carrington Road
3
2
1
Jul-15
247sqm
$1,825,000
17 Stanley Street
4
1
0
Sep-15
275sqm
$1,800,000
20 Burton Street
3
2
1
Jul-15
205sqm
$1,800,000
2 Gordon Street
3
2
0
Mar-16
89sqm
$1,690,000
33 Park Avenue
3
2
0
Feb-16
139sqm
$1,690,000
26 Market Street
3
1
0
Aug-15
291sqm
$1,640,000
183 Darley Road
3
1
0
Jul-15
336sqm
$1,610,000
23A Earl Street
3
1
0
Aug-15
152sqm
$1,610,000
Notes: This information is being provided by Australian Property Monitors and Corelogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for errors or admissions here in.
Average Sale Price for Houses per Financial Year $2,411,354
2016
$2,358,827
2015
$1,834,650
2014
$1,713,574
2013
$1,874,846
2012
$1,823,527
2011
$1,772,221
2010
McGrath Sales FY 2015/2016 DAR LE YR AVE N N IAL CE NTE
CAR R IN
H MA
NS R
ST
GTON RD
ICK ST
NC FR E
RAN DW
ST
WE NTW
ST
M
AVOCA ST
D
H ST
NR
E ST
ET
BI AL
ON
ST
D OV CL
SO ALI
PR INC
N LN
CH U RC
B U RTO
ST
K AR
STAN LEY ST
WAVE R LEY
LN
B U RT ON ST
PIN E S T
CA RE Y
OUTH
ORTH S T
PR INCE
MON M
KING ST
COWPE R
N ST ST
STE PH E
CH E PST OW ST
DANGAR LN
LN
MORT
GOVETT
CASTL E ST
ST
D
RD
LN
WH ITE
LL Y
EAR L L N
CL OV E
ER
LY R D
DICK S T
Notes: This information is being provided by Australian Property Monitors and Corelogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for errors or admissions here in.
Randwick North Sales FY 2015/2016 (continued) ADDRESS
BED
BATH
CAR
SOLD DATE
LAND SIZE
SALE PRICE
32 Glen Avenue
4
2
1
Feb-16
242sqm
$1,585,000
31 Park Avenue
2
1
0
Nov-15
228sqm
$1,550,000
14 William Street
2
1
1
Aug-15
196sqm
$1,510,000
39 Hooper Street
2
1
0
Nov-15
209sqm
$1,470,000
55 Earl Street
4
2
3
Oct-15
191sqm
$1,455,000
57 Earl Street
4
2
3
Oct-15
190sqm
$1,455,000
21 Randwick Street
2
1
2
Nov-15
178sqm
$1,425,000
6 Hodgson Street
2
1
1
Apr-16
171sqm
$1,417,000
38 Glen Avenue
3
2
1
Aug-15
299sqm
$1,400,000
48 Hooper Street
2
1
0
Sep-15
189sqm
$1,395,000
4 Gordon Street
3
2
0
Jul-15
82sqm
$1,370,000
29 Waverley Street
2
2
0
Apr-16
108sqm
$1,365,000
1 King Street
3
1
1
Jan-16
177sqm
$1,340,000
7 Burton Street
3
1
1
Oct-15
250sqm
$1,300,000
Lifestyle image
Notes: This information is being provided by Australian Property Monitors and Corelogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for errors or admissions here in.
Angus Gorrie Randwick North Specialist 0418 282 853 angusgorrie@mcgrath.com.au