Tracey Dixon FY16/17 Report

FY16/17 Property Report Tracey Dixon

Local market review

After an unprecedented period of price growth throughout Sydney in the last 12 months, many local home owners want to know: “What’s in store for the Hunters Hill market in the coming 12 months?”

Where do we go from here...

The underlying sentiment appears to be that some stability will return to the market, the frenzy has passed and we are moving towards more sustainable market conditions where there will be a balance of buyers and sellers. Buyers are becoming more cautious and we are seeing slightly less competition and aggressive bidding at auctions throughout Sydney. Where clearance rates across Hunters Hill have averaged close to 80% this past financial year, I expect this will move to a more modest 70 plus % and the average days on market to push out from the current 30 days. A telling factor will be the stability of interest rates and the strength of the investment sector.

Don’t fear...

Many homeowners fear that following a boom period there will negative growth, however history suggests that the blue-chip nature of our local area will not see any significant decline in property value. I believe many home owners will take advantage of this stable market and either upsize or downsize as conditions offer confidence that the market will not alter significantly during a transition.

Seen it all before...

Having worked through many market cycles, I have seen it before! In my experience I expect we will now go through a sustained growth period of 2%-5% per year unless we experience unprecedented global conditions. More people will take the opportunity to move around within our postcode and move from surrounding areas to buy up to Hunters Hill and Woolwich as destination suburbs.

We are ready to go...

Our team at McGrath were personally involved in 35% of the local sales and I feel market conditions throughout Hunters Hill and Woolwich are very healthy in all price points. With two well marketed trophy homes achieving new benchmarks for the suburb, we are sure to attract more out of area buyers acknowledging the benefits of this sought-after enclave. I am excited about the next 12 months. I find that a transitioning market really showcases the importance of an agent where experience, knowledge and track record is key to the success of a sale.

I look forward to hearing from you if you would like to discuss these observations or any of your real estate plans.

Tracey Dixon 0412 443 352

House statistics 2110 postcode FY16/17 ALL AGENCIES COMBINED

MCGRATH SHARE

Number of houses sold

105

39 (35%)

HIGHEST SALE PRICE

LOWEST SALE PRICE

MEDIAN SALE PRICE

$23m*

$1.75m

$2.85m

*(or in the vicinity of)

SALES AND GROWTH CHART FOR HUNTERS HILL $3m

$2.5m

Median sale price

$2m

$1.5m

$1m

$500k

113

$0

sales 2006

sales

137

sales

125

sales

97

140 sales

sales

128

120

120 sales

sales

sales

sales

131

105

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

sales

128

143

sales

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

1 Ambrose Street, Hunters Hill Sold $3.35m

23 Le Vesinet Drive, Pulpit Point Sold $4.75m

Circa 1860's, family owned for 54 years

Record sale for executive home in Pulpit Point Estate

6 Viret Street, Hunters Hill Sold $11m

31 Barons Crescent, Hunters Hill Confidential

Highest under the hammer auction result recorded in Hunters Hill

Over 150 inspections

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

Apartment statistics 2110 postcode FY16/17 ALL AGENCIES COMBINED

MCGRATH SHARE

Number of apartments sold

84

16 (24%)

HIGHEST SALE PRICE

LOWEST SALE PRICE

MEDIAN SALE PRICE

$5.55m*

$600k

$1.01m

*(sold by McGrath)

SALES AND GROWTH CHART FOR HUNTERS HILL $1m

Median sale price

$800k

$600k

$400k

$200k

51

$0

sales 2006

sales

71

sales

64

sales

53

sales

81

sales

68

sales

87

sales

91

103 sales

sales

127

sales

58

sales

84

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

13/10 Elgin Street, Woolwich Sold $1.012m

3 Boronia Avenue, Hunters Hill Sold $2.07m

Sold at auction above reserve

Sold at auction above reserve, over 100 groups inspected

3/12-14 Le Vesinet Drive, Pulpit Point Sold $5.55m

302/64 Gladesville Road, Hunters Hill Sold $2.975m

Record sale for apartment in Hunters Hill/Woolwich

Sold prior to auction, highest sale price within ‘Maison’ Residence

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

1 July 2016 – 30 June 2017 Hunters Hill House Sales Address

Sale date

3 Barons Crescent

24/06/2017

Land size (sqm)

Sale price

525

$2.025m

51 Woolwich Road

24/06/2017

474

$2.45m

12 Ramleh Street

17/06/2017

532

$2.52m

2 The Point Road

17/06/2017

1,953

Confidential

8A Jaoubert Street

17/06/2017

701

$1.91m

48 Bonnefin Road

10/06/2017

651

$2.81m

29 Earl Street

03/06/2017

818

$2.71m

35 Abigail Street

29/05/2017

662

Confidential

19 Earl Street

24/05/2017

368

$1.98m

31 Abigail Street

13/05/2017

702

$3.44m

116 High Street

29/04/2017

577

$2.33m

83 Ryde Road

27/04/2017

558

$2.39m

4 Richmond Crescent

24/04/2017

558

$3.05m

18 Viret Street

21/04/2017

462

$3.9m

8 Herberton Avenue

08/04/2017

651

$3.48m

22 Earl Street

08/04/2017

938

$2.99m

19 Farnell Street

08/04/2017

818

$2.85m

20 Wybalena Road

07/04/2017

980

Confidential

3 Princes Street

31/03/2017

697

$2.7m

1 Ambrose Street

29/03/2017

727

$3.35m

4 Madeline Street

29/03/2017

828

$3.35m

72 Alexandra Street

24/03/2017

1,037

Confidential

25A Wybalena Road

18/03/2017

797

$3.71m

3 Mount Street

18/03/2017

1,356

Confidential

8 Figtree Road

15/03/2017

573

Confidential

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017) *McGrath sales highlighted in orange

Address

Sale date

Land size (sqm)

Sale price

84 Ryde Road

11/03/2017

484

$2.05m

22 Bonnefin Road

07/03/2017

862

$4.4m

18 Mount Street

05/03/2017

468

Confidential

9 Vernon Street

03/03/2017

639

$5.70m

46 Manning Road

03/03/2017

569

$2.46m

22 Joubert Street

28/02/2017

1,050

Confidential

22A Joubert Street

28/02/2017

727

Confidential

5 Ramleh Street

25/02/2017

506

$2.58m

8 Aston Street

22/02/2017

1,069

$4.7m

20 Aston Street

18/02/2017

1,008

$3.32m

14 Princes Street

18/02/2017

525

$3.8m

41 Auburn Street

10/02/2017

732

$2.875m

35 The Point Road

10/02/2017

759

$6.68m

3A Collingwood Street

08/02/2017

462

$5.85m

5 The Avenue

07/02/2017

689

$3.45m

1 Foss Street

06/02/2017

244

$1.83m

11 A Milling Street

04/02/2017

387

$2.365m

27 Gale Street

23/01/2017

481

$2.755m

1 Farnell Street

20/01/2017

654

$2.945m

7 Woodward Road

14/01/2017

594

$3.4m

4 North Parade

03/01/2017

3,642

$18m

38 Park Road

21/12/2016

544

$2.275m

88 Park Road

20/12/2016

658

$2.3m

114 Barons Crescent

17/12/2016

311

$1.75m

58 High Street

13/12/2016

790

$2.35m

16 Lloyd Avenue

06/12/2016

1,023

Confidential

81 Woolwich Road

05/12/2016

247

$2.225m

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017) *McGrath sales highlighted in orange

Address

Sale date

Land size (sqm)

Sale price

36 Farnell Street

03/12/2016

817

$3.805m

24 Bonnefin Road

03/12/2016

690

$2.86m

3 Futuna Street

03/12/2016

819

$3.375m

19 Earl Street

02/12/2016

368

$2.04m

24 Ryde Road

02/12/2016

873

$2m

19 Foss Street

25/11/2016

696

$2.8m

1 Johnson Street

23/11/2016

569

$3.3m

33 Abigail Street

22/11/2016

655

$2.2m

12 Ferdinand Street

19/11/2016

1,037

$5.1m

13 Leo Street

18/11/2016

491

$2.18m

18 Wybalena Road

15/11/2016

645

$5.975m

26 Farnell Street

09/11/2016

654

$2,55m

21 Mount Street

09/11/2016

1,048

$4.58m

9 Rooke Street

07/11/2016

1,370

$4.15m

2 Cullens Lane

05/11/2016

465

$2.66m

9 Ady Street

05/11/2016

545

$2.86m

40 Bonnefin Road

04/11/2016

673

$2.62m

1 Browns Lane

29/10/2016

784

$3.3m

13 Farnell Street

29/10/2016

818

$2.53m

53 Milling Street

29/10/2016

632

$2m

9 Passy Avenue

27/10/2016

853

$3.575m

47 Bonnefin Road

22/10/2016

1,053

$3.4m

31 Barons Crescent

22/10/2016

506

$3.8m

76 A Blaxland Street

21/10/2016

756

$2.05m

19 Glenview Crescent

12/10/2016

702

$3.5m

8 Rocher Avenue

11/10/2016

696

$3.985m

37 A The Point Road

30/09/2016

696

$5.35m

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017) *McGrath sales highlighted in orange

Address

Sale date

Land size (sqm)

Sale price

23 Le Vesinet Drive

30/09/2016

429

$4.75m

6 Viret Street

29/09/2016

1,179

$11m

72 Blaxland Street

28/09/2016

348

$1.78m

1 D`Aram Street

28/09/2016

550

$3.275m

5 De Milhau Road

28/09/2016

923

$3.55m

1 Everard Street

24/09/2016

486

$1.82m

14 Ellesmere Avenue

24/09/2016

556

$2.45m

10 Milling Street

23/09/2016

683

$2.6m

40 Abigail Street

15/09/2016

633

$2.01m

86 Barons Crescent

12/09/2016

860

$2.775m

22 Augustine Street

10/09/2016

715

$2.61m

66 Barons Crescent

10/09/2016

700

$2.435m

31 Princes Street

03/09/2016

836

$3.93m

18 Lyndhurst Crescent

03/09/2016

506

$3.955m

39 Pittwater Road

01/09/2016

880

$1.9m

14 Milling Street

01/09/2016

775

$2.75m

22 Farnell Street

27/08/2016

816

$2.7m

9 Futuna Street

27/08/2016

1,011

$5.9m

89 Woolwich Road

20/08/2016

247

$1.87m

47 Woolwich Road

19/08/2016

382

$2.85m

8 Augustine Street

18/08/2016

550

$2.85m

35 Bonnefin Road

13/08/2016

1,114

$5.15m

2 Ferry Street

29/07/2016

467

Confidential

18 Rocher Avenue

11/07/2016

696

$2.295m

55 Blaxland Street

09/07/2016

585

$2.23m

11 Ellesmere Avenue

07/07/2016

558

$2.575m

139 Pittwater Road

01/07/2016

942

$2.0m

Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017) *McGrath sales highlighted in orange

LINLEY POINT

All agencies combined

Total value of sales

$5,195,000

Number of sales

2

Lowest sale price

$2,590,000

Average sale price

$2,597,500

Highest sale price

$2,605,000

HENLEY

All agencies combined

Total value of sales

$14,845,000

Number of sales

6

Lowest sale price

$1,350,000

Average sale price

$2,474,167

Highest sale price

$3,860,000

HUNTLEYS COVE

All agencies combined

Total value of sales

$29,600,000

Number of sales

19

Lowest sale price

$990,000

Average sale price

$1,347,000

Highest sale price

$2,458,169

4 The Crescent, Linley Point

2/2 Mortimer Lewis Drive, Huntleys Cove HUNTLEYS POINT – Has no recorded sales for financial year 2016/2017 Notes: This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

Testimonials

9 Vernon Street, Hunters Hill

16 Lloyd Avenue, Hunters Hill

"Brilliant agent, having bought and sold previous properties with Tracey Dixon, she yet again didn't disappoint. Living overseas, her great team dealt with all the aspects of getting our house ready to go to the market. We would highly recommend Tracey Dixon to sell your property. Her market knowledge, communication skills and negotiation skills were all 5 star." – Vendor testimonial

“As a retired solicitor after 40 years of practice, I have no hesitation in stating that Tracey is one of the most professional agents that I have dealt with over that time. I engaged her in my capacity of an executor of an Estate with all of the emotions amongst beneficiaries that can occur. Her research, local knowledge, and marketing abilities were 1st class. She also exhibited rather canny perspectives on buyer psychology involved with this unique and highly priced property leading to a very successful sale for the Estate.” – Vendor testimonial

Why so many people sell with Tracey Dixon

$153.36m

51

TOTAL VALUE OF PROPERTIES SOLD

NUMBER OF PROPERTIES SOLD

82%

$3.043m

AUCTION CLEARANCE RATE. LOCAL AVERAGE 78.8%

17 years SELLING EXPERIENCE IN THE AREA

FY 16/17

AVERAGE SELLING PRICE

Highest performing agent in Hunters Hill

McGrath Hunters Hill responsible for 5 of the top 10 highest sale prices in postcode 2110.

This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

Testimonials

302/64 Gladesville Road, Hunters Hill

14 Milling Street, Hunters Hill

"As the dust has settled on the sale and settlement of my dad’s apartment, I want to thank you for the work you did in making the sale happen. I appreciate that, although it had many attractive features, it was a difficult property to sell. I believe that you achieved the best possible outcome and was very pleased with the way the property was marketed, the information you provided and the advice you gave during the process. Most importantly your communication with us was timely, accurate and very helpful, and gave us confidence that we were able to make informed decisions along the way. – Vendor testimonial

"Tracey Dixon and Lee Dowdall provided an exemplary level of professionalism throughout each process in the sale of my home. The attention to detail at every stage from marketing, through to negotiation was beyond reproach. The whole team were more than happy to do anything to make the process easier and the communication was effortless.

Obviously, their results speak for themselves. I would highly recommend them" – Vendor testimonial

FY 16/17

Tracey Dixon and team local facts

12

12

OFF MARKET SALES

NUMBER OF PROPERTIES PURCHASED AS INVESTMENTS

29

24

PROPERTIES SOLD NON PENINSULA 2110 POSTCODE

PROPERTIES SOLD ON PENINSULA 2110 POSTCODE

25 years

$550k-$12.85m

COMBINED LOCAL SELLING EXPERIENCE

TRACK RECORD SALES ACROSS ALL PRICE POINTS

Top 3 buyer origin locations

1) HUNTERS HILL 2) INNER WEST 3) N ORTH SHORE / NORTHERN DISTRICTS

This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

Property trends in 2110 postcode

Sponsorship The experience of supporting your local community is very rewarding and each year I pride myself in giving back to local schools, organisations, events and businesses. In FY16/17 I proudly sponsored several community events which I look forward to being involved with again.

• Major Sponsor of the Hunters Hill Art Exhibition • Villa Maria Primary School • Hunters Hill Junior Rugby Club • Harbour Sculpture 2017

• Buyers are paying a premium for new builds and land value • Strong demand from local downsizers for apartments with views and single level nature • Schooling and vicinity to CBD in a historic suburb with tree lined streets still the attraction to the area for buyers coming from Inner West, North Shore and Northern Districts

Rate My Agent – 2017 Agent of the year

Testimonials

19 Glenview Crescent, Hunters Hill

2/2 Mortimer Lewis Drive, Huntleys Cove

“Tracey, Nicholas and the team at McGrath exhibited exceptional professionalism throughout the entire selling process. Tracey and Nicholas are an outstanding team with an excellent understanding of the Hunters Hill area and are well positioned to find the right buyer due to their extensive buyer portfolio. In all our dealings, they were understanding, honest, personable and made a genuine effort to ensure we were kept up to date with recent developments. They made the selling of the family home, which is often an emotional and challenging time, a seamless process. They are without a doubt the best agents we have ever encountered. We highly recommend Tracey, Nicholas and the McGrath team.” – Vendor testimonial

"Tracey and Nicholas supported us every step of the way. They adapted their approach to our needs and helped us achieve what we wanted how we wanted. A perfectly tailored sale thanks to Tracey and Nicholas." – Vendor testimonial

2110 Sales by Tracey Dixon and McGrath in 2016/2017 r Rd ate tw

Pi t

Hig

Pit tw ate

rR d

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Ry de

Rd

Riverview

Boronia Park

Rd

Gladesv

Ma nn ing

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Linley Point Burns Bay Rd

de Ry

Mary S t

Northwood

Hunters Hill

Hunters Hill High School

Longueville Newcombe Point Onion Point

Huntleys Cove A40

Woolwich Henley

Pulpit Point

This information is being provided by Australian Property Monitors 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. Other sources referenced: Corelogic RP Data, MARS (McGrath’s CRM System, 1/07/2016 - 30/06/2017)

Tracey Dixon Hunters Hill Specialist 0412 443 352 traceydixon@mcgrath.com.au TraceyDixonAU tracey.dixon

mcgrath.com.au