Peter Chauncy Naremburn Report 2016/17

2016/2017 Naremburn Report Peter Chauncy

A message from Peter Chauncy and his team

It was just two years ago when talk in the McGrath Crows Nest office would turn to the prospect of a $3 million sale in Naremburn being just around the corner. We have well and truly turned that corner with a string of $3 million plus sales and a new suburb record with the successful auction of 10 Adolphus Street, which became the first home to sell for over $4 million. The median price for a house in Naremburn is currently $2,392,918, up from $2,006,179 this time last year - which is a capital gain of about 19%.

Our vendors are achieving healthy results due to this price growth, as well as the strong commitment and local market knowledge of our team. In the 2016/2017 financial year we were responsible for the sale of 41 of the 57 house sales in Naremburn - our nearest competitor selling just three. In fact, we successfully negotiated the sale of nine out of the top ten house sales this financial year. Further leveraging our relationships and buyer database we were also able to sell ten properties off the market, saving our vendors time and marketing expenses. A new suburb record was set for a semi-attached house with the sale of 5 Merrenburn Avenue for $2.66 million. In the past 12 months we grew our market share in Naremburn from 60% to 72% and set fifteen new street records along the way.

Results like these have earned us lots of recognition in the marketplace. We were honoured for Peter to be named eighth in Australia in the REB top 100 agents, as well as being the second top-selling agent in the entire McGrath national network.

As a team who lives and works in the local area, we like to play our part in the community. We are pleased to be the major sponsor for the Willoughby Preschool and in the last 12 months we have raised over $30,000 for the school.

Peter is also a major supporter of the Naremburn Progress Association and provides quarterly updates on the property market through our regular Naremburn Matters newsletter.

If you’d like to know what the value of your property is and want to tap into the expertise of the number one Naremburn real estate team, get in touch with us so we can advise you on the best strategy to maximise the result for your property.

Peter Chauncy Naremburn Specialist 8115 0401 0402 036 489 peterchauncy@mcgrath.com.au

Top 10 Sales – FY 2016/2017 No.

Address

Bed

Bath

Car

Land size

Sale date

Sale price

Agent

1

10 Adolphus Street

4

3

2

671sqm

Apr 2017

$4.211m

McGrath

2

5 Probate Street

4

1

3

715sqm

May 2017

$3.75m

McGrath

3

30-32 Oxley Street

3

2

2

645sqm

Dec 2016

$3.61m

Northside

4

13 Garland Road

4

2

1

556sqm

Nov 2016

$3.5m

McGrath

5

10 Rhodes Avenue

4

4

2

677sqm

Jul 2016

$3.42m

McGrath

6

12 Grafton Avenue

4

3

3

841sqm

Apr 2017

$3.3m

McGrath

7

16 Glenmore Street

4

3

2

405sqm

Apr 2017

$3.03m

McGrath

8

66 Mitchell Street

4

2

1

455sqm

Nov 2016

$3.015m

McGrath

9

10 Hamilton Avenue

4

2

2

435sqm

Dec 2016

$2.852m

McGrath

10

31 Northcote Street

3

2

2

392sqm

Sept 2016

$2.75m

McGrath

Naremburn Median Price Movement for Houses MEDIAN SALE PRICES FOR FINANCIAL YEAR

2017

$2.392m

2016

$1.91m

2015

$1.675m

2014

$1.585m

2013

$1.342m

2012

$1.2m

2011

$1.276m

2010 2009

$1.397m $1.05m

Notes: The information in this report is provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for error or admissions herein. * Properties in orange sold by McGrath

Testimonials

“Peter and his team were very professional, helpful and understanding throughout the entire campaign and auction process.

Everything that they said would happen, happened on time and was well communicated and we would recommend him to anyone wanting to sell in the area.”

Peter & Louise Bromley - 10 Adolphus Street, Naremburn

“Honesty and straight forward transparency are often hard to come by in the game of real estate, we have found Peter to genuinely want the best outcome for our family and we sincerely thank him for helping us move onto the next stage of our real estate journey.

Peter is about creating client longevity, a trait to be admired considering many people transition through several properties over a lifetime. The sale of our beautiful home was meticulously planned and executed with pre-auction negotiations which led to an amazing final price. Now that we have settled into our new home we wish to express our appreciation and gratitude to Peter Chauncy and his team at McGrath Crows Nest for their support throughout the campaign.”

Phil & Jane Woodworth - 66 Mitchell Street, Naremburn

Naremburn Statistics FINANCIAL YEAR 2016/2017

ALL AGENCIES COMBINED

McGRATH SHARE

57

41

$2.392m

$2.422m

$136.396m

$99.332m

ALL AGENCIES COMBINED

McGRATH SHARE

53

32

$2.006m

$2.039m

$106.327m

$65.277m

Number of houses sold Average sale price for houses Total value sold

FINANCIAL YEAR 2015/2016

Number of houses sold Average sale price for houses Total value sold

Naremburn Agent Market Share – FY 2016/2017 McGrath Forsyth Northside Belle Purple Bricks Province Knight Bailey

2%

2%

2%

2%

1% 2% 2%

2% 2% 3% 3% 5%

Ray White Raine & Horne Location Hockeys Shead Richardson & Wrench

72%

Testimonials

“Peter is the absolute, hands down expert on the Naremburn area. No one sneezes without Peter knowing, so consequently he’s best placed to find the right buyers for your property or find you the home you want in the area. I’ve bought and sold through him more than once. He has great communication skills and I wouldn’t hesitate to recommend him.”

Matthew & Emily Bates - 31 Northcote Street, Naremburn

“Having made the decision to sell our father’s house, we were daunted by the process ahead. We did our research into selling property in our area, and it all led to Peter Chauncy and his team at McGrath. We spoke with people in the neighbourhood who had used Peter’s expertise and he came highly recommended. From day one, we felt confident in Peter’s professionalism and his integrity. He was always able to answer our many questions, and recommended reliable and reasonably priced trades people to prepare the house for sale. Peter and his team’s dedication to providing a professional and reputable service for their clients resulted in a fantastic outcome on auction day.”

Sue Harlow - 30 Station Street, Naremburn

Naremburn Sales – Financial Year 2016/2017 No.

Address

Bed

Bath

Car

Land size

Sale date

Sale price

Agent

1

10 Adolphus Street

4

3

2

671sqm

Apr 2017

$4.211m

McGrath

2

5 Probate Street

4

1

3

715sqm

May 2017

$3.75m

McGrath

3

30-32 Oxley Street

3

2

2

645sqm

Dec 2016

$3.61m

Northside

4

13 Garland Road

4

2

1

556sqm

Nov 2016

$3.5m

McGrath

5

10 Rhodes Avenue

4

4

2

677sqm

Jul 2016

$3.42m

McGrath

6

12 Grafton Avenue

4

3

3

841sqm

Apr 2017

$3.3m

McGrath

7

16 Glenmore Street

4

3

2

405sqm

Apr 2017

$3.03m

McGrath

8

66 Mitchell Street

4

2

1

455sqm

Nov 2016

$3.015m

McGrath

9

10 Hamilton Avenue

4

2

2

435sqm

Dec 2016

$2.852m

McGrath

10

31 Northcote Street

3

2

2

392sqm

Sept 2016

$2.75m

McGrath

11

32 Rhodes Avenue

5

3

0

624sqm

May 2017

$2.75m

Purple Bricks

12

30 Station Street

3

1

2

746sqm

Sept 2016

$2.717m

McGrath

13

5 Merrenburn Avenue

3

2

2

370sqm

May 2017

$2.66m

McGrath

14

11 Probate Street

3

2

1

354sqm

Feb 2017

$2.658m

Belle Neutral Bay

15

82 Northcote Street

4

3

1

424sqm

Oct 2016

$2.55m

McGrath

16

22 Plunkett Street

3

2

1

356sqm

Aug 2016

$2.55m

McGrath

17

24 Darvall Street

3

2

1

215sqm

Jun 2017

$2.53m

McGrath

18

37 Plunkett Street

3

2

1

215sqm

Jun 2017

$2.53m

Richardson & Wrench

19

3 Glenmore Street

3

1

1

405sqm

May 2017

$2.5m

McGrath

20

45 Grafton Avenue

4

2

2

645sqm

Mar 2017

$2.5m

McGrath

21

73 Park Road

3

1

2

607sqm

Dec 2016

$2.485m

Forsyth

22

3 Slade Street

4

2

2

417sqm

Jun 2017

$2.45m

McGrath

23

15 Oxley Street

3

2

1

202sqm

Mar 2017

$2.4m

McGrath

24

65 Park Road

3

2

1

295sqm

May 2017

$2.4m

Province

25

41 Park Road

2

1

5

696sqm

Oct 2016

$2.4m

Knight Bailey

26

46 Mitchell Street

3

2

1

277sqm

Nov 2016

$2.38m

McGrath

27

104 Northcote Street

2

1

2

581sqm

Sept 2016

$2.375m

McGrath

28

31 Martin Street

3

1

0

385sqm

May 2017

$2.355m

Forsyth

29

53 Slade Street

3

2

2

348sqm

Aug 2016

$2.25m

McGrath

* Properties in orange sold by McGrath

Testimonials

“Number 1 agent in Sydney because he’s the best in the business, the attention to detail, his ability and the support of an amazing team makes team Chauncy unbeatable!”

Natasha Smith - 22 Rhodes Avenue, Naremburn

“Before we had committed to selling, Peter was there to support us and provide accurate advice every step of the way. He doesn’t tell you what you want to hear, or what he wants to hear, he tells you what will work. Peter genuinely cares about his clients’ satisfaction and is passionate about the sense of community in Naremburn. We preferred to sell off-market with a busy family life to navigate around and Peter achieved the impossible - selling our house with only two open homes at the dream-price we had set high in our heads. Once the deal was complete, Peter went out of his way to negotiate a longer settlement, putting the needs of our family first. We know that even if we move far from the area, Peter will always be happy to work with us and will provide us with advice that arms us with the best information to sell our house or buy a new property. He’s like our secret weapon, except not so secret because everyone in the community knows his knowledge, service and genuine nature make him stand apart from the rest..”

Katrine & Rod Pascoe – 3 Glenmore Street, Naremburn

Naremburn Sales – Financial Year 2016/2017 (continued) No.

Address

Bed

Bath

Car

Land size

Sale date

Sale price

Agent

30

14A Grafton Avenue

3

2

2

386sqm

Dec 2016

$2.225m

Belle Neutral Bay

31

48A Northcote Street

3

2

2

344sqm

May 2017

$2.2m

Ray White Willoughby

32

79 Garland Road

3

2

0

291sqm

Mar 2017

$2.2m

McGrath

33

11 Central Street

3

2

3

377sqm

Jul 2016

$2.2m

Raine & Horne

34

22 Rhodes Avenue

3

2

1

335sqm

Oct 2016

$2.137m

McGrath

35

21 Market Street

3

2

1

636sqm

Apr 2017

$2.1m

McGrath

36

30 Slade Street

3

1

0

291sqm

Feb 2017

$2.1m

McGrath

37

3 Station Street

4

2

0

314sqm

Oct 2016

$2.1m

McGrath

38

38 Darvall Street

3

1

1

215sqm

Nov 2016

$2.09m

Forsyth

39

60 Northcote Street

3

2

1

415sqm

Jul 2016

$2.08m

McGrath

40

17 Francis Street

2

1

2

373sqm

Nov 2016

$2.075m

McGrath

41

6 Rhodes Avenue

3

2

1

250sqm

Feb 2017

$2.055m

McGrath

42

7 Slade Street

3

2

1

386sqm

Feb 2017

$2.05m

McGrath

43

33 Market Street

3

2

2

176sqm

May 2017

$2.045m

McGrath

44

4A Rhodes Avenue

3

2

1

250sqm

Dec 2016

$2.027m

McGrath

45

40 Dalleys Road

2

1

1

316sqm

Feb 2017

$2.025m

McGrath

46

8 Slade Street

3

1

1

332sqm

Mar 2017

$1.99m

McGrath

47

87 Brook Street

3

2

1

278sqm

Mar 2017

$1.932m

McGrath

48

35 Mitchell Street

2

2

1

177sqm

Sept 2016

$1.92m

Location

49

28 Mitchell Street

3

1

1

215sqm

Aug 2016

$1.9m

McGrath

50

18 Slade Street

2

2

0

329sqm

Oct 2016

$1.885m

McGrath

51

4 Rhodes Avenue

3

1

1

278sqm

May 2017

$1.815m

McGrath

52

271 Claire Street

3

1

2

366sqm

Sept 2016

$1.775m

Hockeys

53

63 Northcote Street

2

1

0

278sqm

Oct 2016

$1.76m

McGrath

54

6 Dawson Street

2

1

0

278sqm

Jul 2016

$1.76m

McGrath

55

8 Mitchell Street

2

1

2

215sqm

Feb 2017

$1.751m

Shead

56

29 Oxley Street

2

1

1

215sqm

Nov 2016

$1.715m

Northside

57

1 Martin Street

2

1

1

177sqm

Sept 2016

$1.605m

McGrath

* Properties in orange sold by McGrath

Testimonials

“We chose Peter Chauncy at McGrath partly because of his outstanding sales achievements in our area and we weren’t disappointed. Our purchaser was someone from his database and we could not have asked for more in terms of being kept informed of sales activities and feedback.”

Catharine Retter - 8 Slade Street, Naremburn

“Peter and the team at McGrath were extremely professional and communicative throughout the whole process. As we had moved overseas, they organised everything required to prepare the house for sale and kept us informed regularly. The information provided from open days was very extensive and painted a good picture for the demand that was out there. Peter did an amazing job in negotiating with prospective buyers to get a sale result that was far above our expectations. We couldn’t be happier with the result and the service we got from Peter and the team.”

Stephen Reidy & Samantha Graham - 40 Dalleys Road, Naremburn

Local Knowledge and Track Record No one knows Naremburn like we do. Our sales approach is simple. We do whatever it takes to sell your home for the maximum price and make the process as stress-free as possible. Communication is a vital component to our success and we are committed to keeping you up-to-date at every step of the sale campaign. The results speak for themselves and our sales team have set the price records for 36 of the 50 streets below – something that makes us very proud.

Street

Number

Sale price

Adolphus Street

10

$4.211m

Apex Street

5

Bongalong Street

Number

Sale price

McBurney Street

5

$2.999m

$1.63m

Merrenburn Avenue

5

$2.66m

8

$2.75m

Mitchell Street

66

$3.015m

Brook Street

87

$1.932m

Moonbria Street

10

$2.01m

Central Street

11

$2.2m

Nolan Crescent

1

$905k

Christie Street

91

$955k

Northcote Street

31

$2.75m

Claire Street

277

$1.94m

Olympia Road

12

$1.375m

Dalleys Road

40

$2.025m

Oxley Street

30

$3.61m

Dargan Street

5

$3.104m

Park Road

73

$2.485m

Darvall Street

24

$2.53m

Parkes Street

9

$1.32m

Dawson Street

9

$2.16m

Plunkett Street

22

$2.55m

Dodds Street

9

$975k

Probate Street

5

$3.75m

Donnelly Road

37

$2.152m

Quarry Street

4

$2.41m

Francis Street

13

$2.25m

Quiamong Road

10

$1.63m

Garland Road

13

$3.5m

Remah Close

6

$2.95m

Gaza Road

9

$1.94m

Rhodes Avenue

10

$3.42m

Glenmore Street

16

$3.03m

Rohan Street

8

$1.161m

Grafton Avenue

12

$3.3m

Ross Street

5

$1.85m

Grandview Street

18

$1.986m

Slade Street

27

$2.637m

Hamilton Avenue

10

$2.852m

Station Street

30

$2.717m

King Street

1

$2.005m

Talus Street

11

$2.305m

Lawson Lane

6

$2.53m

Waters Road

6

$2m

Market Street

21

$2.1m

West Street

338

$2.6m

Marks Street

19

$1.492m

Wheatleigh Street

27

$2.967m

Martin Street

31

$2.355m

Willoughby Road

266

$2.2m

* Properties in orange sold by McGrath

Street

Testimonials

“Peter knows the Naremburn market like no other agent, he is dedicated to getting the best result possible and works hard with you to present the property in a way that will ensure a successful campaign. This is the second time we have dealt with Peter, once as a seller and the other as a buyer, on both occasions Peter has been honest, reliable and transparent and I can’t recommend him enough.”

Aaron & Pip Turner - 87 Brook Street, Naremburn

“The sale of my home in the hands of Peter Chauncy was a very positive experience. The whole process was as comfortable as it could be, considering I had owned the property for 31 years and which held many fond memories. Peter was always calm and considerate, keeping me informed every step of the way and always available for consultation. Every aspect of the sale was managed with a high level of professionalism from the pre market preparation of the property through to the final negotiation. And he achieved a fantastic result. I highly recommend his services. Thanks Peter.”

Rosie Wilson - 28 Mitchell Street, Naremburn

Sales by Peter Chauncy and McGrath in 2016/2017

Brook Street

Willou ghby

Road

No rthc ot eS tre e

ay eew l Fr Hil

t

re Go

NAREMBURN

St Leonards Train Station

Why so many people sell with Peter and his team

89%

30 years

AUCTION CLEARANCE

COMBINED SELLING EXPERIENCE

$2.4m

72%

AVERAGE SALE PRICE

MARKET SHARE

Track Record SOLD 9 OUT OF THE TOP 10 SALES FOR 16/17

Source RP Data

WHATS TRENDING IN NAREMBURN

19%

SUBURB GROWTH

A selection of Naremburn Sales by McGrath – FY 2016/2017

1 Martin Street

3 Slade Street

3 Station Street

4A Rhodes Avenue

5 Merrenburn Avenue

6 Dawson Street

7 Slade Street

10 Hamilton Avenue

10 Rhodes Avenue

12 Grafton Avenue

13 Garland Road

15 Oxley Street

16 Glenmore Street

18 Slade Street

30 Slade street

33 Market Street

45 Grafton Avenue

53 Slade Street

60 Northcote Street

63 Northcote Street

79 Garland Road

104 Northcote Street

10 Adolphus Street

40 Dalleys Road

McGrath Property Management

5 Dargan Street, Naremburn Leased

8 Talus Street, Naremburn Leased

MAXIMISING YOUR INVESTMENT RETURN Are you achieving the best possible return on your investment?

• At McGrath your property reaches more prospective tenants through our award winning website as well as the highest priority listing on domain.com.au • Our team of highly experienced Property Managers analyse the market to do regular rent reviews ensuring you are always getting the best rental return • With a network of over 100 offices, we are able to utilise our extensive contacts and database to attract more quality tenants • Thorough ongoing condition reports, routine property visits and constant monitoring by our highly trained team means your investment is in safe hands “Deborah did an amazing job finding a tenant for my apartment on short notice. I was overseas at the time so was great to have someone who just took care of things! It was leased after only one open home, for $30 a week more than the asking price.”

Lesley Davies If you would like to speak to McGrath Property Management in relation to our service contact Deborah Kingston on 0449 904 441

Deborah Kingston Property Manager 0449 904 441

Peter Chauncy Naremburn Specialist McGrath Crows Nest 0402 036 489 peterchauncy@mcgrath.com.au

mcgrath.com.au