Property Report Rozelle FY 2016-2017 Cindy Kennedy
A word from Cindy Kennedy The last financial year has seen strong growth once again in Rozelle, Lilyfield and Balmain. Rozelle and Lilyfield in particular have experienced results not seen before. Some examples are a new Lilyfield record of $4.415m and the Lilyfield side of Rozelle finally broke the $3million price barrier, with two properties selling for $3million and $3.3million respectively. Rozelle once again had a top result of $4million. The last quarter of this year has seen prices soften and the market stabilise. Many purchasers are taking a watch and wait and see approach. The Kennedy Team finished the financial year with a 97% auction clearance rate with 100% of our listed properties sold. Our average days on market is 17 days. Cindy and her team once again had a record year and finished as the number one agent within the Balmain McGrath network and in the top two for the McGrath Inner West network. The Kennedy Team is a solid and experienced team that is completely committed to providing an outstanding customer experience. As a team we choose to represent a small number of properties at any one time which allows us to achieve consistently excellent results. We welcome you to pass our details on to any of your friends and family and would love to help you with any of your property needs.
Cindy Kennedy 0404 000 570 cindykennedy@mcgrath.com.au
A word from John McGrath The end of the financial year gives us a chance to assess how the property market is changing across the country and especially what’s happening in the boom cities of Sydney and Melbourne. Right now, I do think the Sydney and Melbourne markets are at or near their peak for this growth cycle, so a slowdown is expected in FY18. Whether this has already begun is something we don’t know yet – the peak only becomes clear months after it has happened. In FY18, I do think we’ll see a consistent moderation in the rate of price growth over several quarters. We should see more first home buyers in the NSW and VIC markets due to stamp duty cuts, which might go some way in off-setting an expected reduction in investor activity. South East Queensland remains the most appealing market in the country for both investors and young families. As the price gap widens between the region and Sydney and Melbourne, South East Queensland is well positioned to take up re-directed demand. I expect this region to be Australia’s strongest performing market over the next three years.
John McGrath Founder and Executive Director McGrath Estate Agents
Cindy Kennedy - Statistics and achievements for FY 2016-2017
$78.071m
41
$6.75m
$1.104m
No.1
97%
66
17
TOTAL VALUE OF PROPERTIES SOLD FY16/17
HIGHEST SALE PRICE (HIGHEST IN THE BALMAIN PENINSULA)
AGENT IN THE BALMAIN McGRATH OFFICE
PROPERTIES SOLD AT AUCTION WITH CINDY OVER THE LAST 2 YEARS
Source: MARS and CoreLogic RP Data
(38 Houses / 2 Townhouses/ 1 Apartment)
TRACK RECORD – NUMBER OF PROPERTIES SOLD IN FY16/17
LOWEST SALE PRICE
PERSONAL AUCTION CLEARANCE RATE
AVERAGE DAYS ON MARKET
Why choose Cindy when selling your most valuable asset? Passionate about Rozelle, Lilyfield and Balmain A proud local resident, Cindy has exceptional market knowledge that enables her to accurately price your property and position it in a way that attracts maximum buyer interest. More importantly, she can expertly sell both your property and the area to the many buyers moving here from other parts of Sydney. Cindy does not just sell your house, she sells the lifestyle the area offers – and there is a high value attached to that.
Consistently excellent Ranked the number one* agent in the McGrath Balmain agent network for FY 16/17. Cindy has over 20 years sales and marketing experience. Her auction clearance rate of 97%* is well above the industry standard. 100% of her listed properties have sold.
Professional development Cindy is consistently a leading agent within the McGrath network of over 930 agents and you will still find her listening to the latest training material in her car. She ensures that her skill set is at the highest level in order to provide her clients the very best result.
The power of relationships Cindy rarely sells property outside of Rozelle, Balmain, Birchgrove or Lilyfield. Because she knows her market so well, Cindy receives calls every day from clients asking about other agents listings and from buyers looking for a home. Bank valuers regularly call her to discuss local property prices and residents call her to ask what is happening with proposed developments. Cindy has a strong relationship with professionals such as solicitors, buyer agents, tradespeople and builders which assist in a smooth transaction.
Track record Cindy’s expertise and excellent work ethic means she consistently achieves strong results and it is this consistency that makes her different to the rest. Consistently setting records and raising the benchmark of property prices in her specialty areas proves that Cindy is passionate about the results she achieves. Cindy and her team are 100% committed to providing outstanding customer service while the best possible price is achieved.
Clear communication Cindy is totally involved in the sale of her properties and places a high priority on communication. She communicates daily with her vendors throughout the auction process and has a weekly strategy meeting. A market analysis and detailed buyer report is emailed each week. Her clients know exactly what is happening every step of the way. To successfully buy or sell property call Cindy Kennedy on 0404 000 570. Source: MARS FY15/16/17
202 Evans Street, Rozelle Sold $3m
The top 20 sales in Rozelle – FY 2016-2017 Address
Sale price
1
5 Nelson Street
$4m
2
43 Alfred Street
$3.3m
3
31 Mansfield Street
$3.25m
4
19 Merton Street
$3.22m
5
202 Evans Street
$3m
6
45 Alfred Street
Confidential
7
16 Clare Street
Confidential
8
272 Victoria Road
$2.667m
9
7 Clare Street
$2.666m
10
14 Rosser Street
11
42 Foucart Street
$2.59m
12
62 Nelson Street
$2.575m
13
16 National Street
$2.5m
14
16 Belmore Street
$2.47m
15
3 Norman Street
$2.45m
16
39 Smith Street
$2.45m
17
22 Merton Street
$2.45m
18
40 Denison Street
$2.41m
19
86 Foucart Street
$2.4m
20
21 Bruce Street
$2.4m
Confidential
60% of the top 20 sales in Rozelle were sold by Cindy Kennedy and McGrath (marked in orange)
14 Rosser Street, Rozelle Confidential
40 Denison Street, Rozelle Sold $2.41m
Rozelle Suburb Statistics Rozelle Houses sold FY 15/16
133
Houses sold FY 16/17
139
Average price FY 15/16
$1.515m
Average price FY 16/17
$1.811m
Annual growth FY 15/16
8%
Annual Growth FY 16/17
19%
Highest sales price FY 16/17 Lowest sales price FY 16/17
$4m $899k
Rozelle – Top streets per number of sales Street
19 Merton Street, Rozelle Sold $3.22m
No. of sales
Evans Street
8
Callan Street Foucart Street Merton Street
7
Nelson Street Victoria Road
6
Alfred Street Belmore Street Mansfield Street Waragal Street
5
Note: This information is being provided by Australian Property Monitors and RP Data, its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.
Feedback regarding Cindy Kennedy and her team “We were extremely pleased with the professionalism of Cindy Kennedy and her team who provided exceptional service and communication in the recent sale of our home in Rozelle. Cindy also provided clear, open and honest buyer feedback, even in the hours leading up to the auction. Marcus and Richard, who also work with Cindy, were also extremely helpful, professional and courteous in all of their dealings. Based on our final auction result, Cindy very accurately predicted the market value of our property and in the end, exceeded that estimate over and above our expectations. For anyone considering selling on the Balmain peninsula we would recommend contacting Cindy and the McGrath team.” Damien Rath and Amanda Blair - 40 Denison Street, Rozelle
“You may have a fabulous property to take to market but unless you partner with a great agent & team your chances of achieving the best possible result are definitely impacted. We couldn’t be happier with the level of engagement, service, ethics and professionalism provided by Cindy Kennedy and the McGrath Balmain team. We trusted this team to assist us to formulate the best strategy for our property; they did their job exceptionally well. Highly communicative, completely across the local market, deep relationships with potential purchasers, genuinely nice people to deal with, nothing ever a problem and excellent third party relationships i.e. copy writers/photographers/auctioneers. Other comparable properties in the market at the time did not achieve the result we did, our property alone did not achieve that success, and a large part is due to how Cindy and the team managed our sale. I could not recommend this team more highly. For anyone in the Lilyfield/Rozelle/Balmain peninsula, look no further than McGrath Balmain. Congratulations team, well done, wishing you many, many more years of amazing success for yourselves and your clients. Jo Zammit - 16 National Street, Rozelle
“We thank you for selling our home in Rozelle. We are happy with the outcome. The property sold fast (within 3 weeks) at a price slightly above the appraisal range. Cindy brought a deep understanding of the property market in Balmain and Rozelle, has very good negotiating skills and also has access to an impressive database of potential buyers. The sale of our home was managed very professionally with great attention to the marketing of our property. We were kept fully informed throughout the sale process. We would also like to mention Cindy’s great “support team” who worked quietly in the background and were always willing to help when a problem arose. We recommend Cindy and her excellent team to anyone who wishes to sell their home in Balmain and Rozelle.” James and Jacqui Boonzaier - 35 Smith Street, Rozelle
Cindy Kennedy’s track record
9 Numa Street, Birchgrove Sold $6.75m
58 Louisa Road, Birchgrove Sold $3.8m
19 Merton Street, Rozelle Sold $3.22m
202 Evans Street, Rozelle Sold $3m
45 Alfred Street, Rozelle Confidential
56 Glover Street, Lilyfield Sold $2.85m
16 Clare Street, Rozelle Confidential
14 Rosser Street, Rozelle Confidential
42 Foucart Street, Rozelle Sold $2.59m
16 National Street, Rozelle Sold $2.5m
16 Belmore Street, Rozelle Sold $2.47m
3 Norman Street, Rozelle Sold $2.45m
40 Denison Street, Rozelle Sold $2.41m
28 O’Neill Street, Lilyfield Sold $2.4m
36 Cambridge Street, Rozelle Sold $2.11m
108B Darling Street, Balmain East Sold $2.1m
26 Alfred Street, Rozelle Sold $2.1m
4 Burt Street, Rozelle Sold $2.075m
35 Smith Street, Rozelle Sold $2.07m
12 Hubert Street, Leichhardt Sold $2.02m
172 Francis Street, Lilyfield Sold $1.9m
19 Oxford Street, Rozelle Confidential
48 Foucart Street, Rozelle Sold $1.89m
29 Springside Street, Rozelle Sold $1.866m
28 Clubb Street, Rozelle Sold $1.85m
188 Darling Street, Balmain Sold $1.83m
1 Broderick Street, Balmain Sold $1.805m
2 Point Street, Lilyfield Sold $1.8m
51 Gipps Street, Birchgrove Confidential
28 Alfred Street, Rozelle Sold $1.701m
344 Catherine Street, Lilyfield Sold $1.6m
16 Waterloo Street, Rozelle Sold $1.575m
Cindy Kennedy Partner | Sales Agent 9556 9932 0404 000 570 cindykennedy@mcgrath.com.au
mcgrath.com.au