Welcome Welcome to our new bi-monthly newsletter, we hope you like our fresh new design and the additional information included. We hope our property news and views continue to be of interest and benefit to you. Your feedback is always welcome!
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market Sydney’s auction clearance rate returned to above 80% in the last three weeks of August as the market geared up for what should be a phenomenal Spring season. Today’s market presents a once-in-a-lifetime opportunity to sell your home for the sort of money that will truly change your life. Right now, any agent can sell a property but not every agent can push your sale price to the next level. It takes experience, strong local knowledge and real negotiating expertise to take your sale price from excellent to extraordinary. My team and I have recently sold seven out of seven properties at auction for prices that collectively equal $1.251M over reserve. On average, that is approximately $180,000 above each seller’s highest
hopes and that kind of money changes people’s lives. The consistency of these results proves they are not just a fluke or a product of feverish market conditions. Over 24 years in local sales, I have developed a failsafe selling process that time after time has resulted in strong prices in all types of markets. If you are thinking of selling this Spring, we recommend getting in early before the pre-Christmas surge in competing stock in late October/November. For a free no-obligation market appraisal of your home, please call me today on 0411 508 890.
A Word From John McGrath There’s been a lot of discussion recently about the impact of foreign buying on Australian real estate - specifically whether foreigners are pushing up prices and also making it too hard for young Australians to buy their first homes. 1. While the amount of foreign buying has increased over the past couple of years, it remains a small portion of overall real estate transactions. 2. Foreign buyers are pushing up prices to an extent in certain pockets - but not to an unsustainable level. 3. Foreign buyers are not competing with first home
buyers, as they tend to purchase higher priced properties. 4. Foreign buyers are active in selected markets the biggest being new apartments. This is largely because overseas-based investors are only allowed to buy new stock.
It would be fair to say that Australian buyers of higher end new apartments are increasingly competing with foreign buyers. But the positive side is the great boost to our construction industry, creating more jobs at a time when the mining industry is slowing down and skilled labourers are looking for alternative employment.
We Love Community – Hunters Hill Rugby
Did You Know? According to realestate.com.au 91% of their buyers overlook properties without a price guide.
Hunters Hill Junior Rugby Club has again seen a stellar performance across the club in 2014, with many teams vying for Grand final spots on that first weekend in September. Highlighted by our U11’s and U15’s taking minor premierships.
With players from 5 years to 16 years old, the junior club touches many different parts of the community and are most thankful to McGrath for their support of our local boys and girls. Our Ladies 7’s touch rugby competition concluded last
Monday evening with the Orange Crushers taking the championship with a 3-2 victory over the Pink Panthers in the Grand final. This ladies comp was open to all comers had an age span from 8 to 50 years old and was a really fun time for all involved.
Our Recent Sales
30 Milling Street, Gladesville Confidential
1 Oxford Street, Gladesville $1.625M
36 Gregory Street, Putney $1.355M
1 Higginbotham Road, Gladesville 2 Hordern Avenue, Putney $1.335M $1.286M
We Love Mercato e Cucina Mercato e Cucina is Sydney’s new culinary mecca that provides for all your fine food, dining and fresh produce needs in one beautifully designed space. They house a team of skilled artisans, all passionate about their craft and products. Mercato e Cucina boasts a large delicatessen, green grocer, cellar, gourmet grocer, bakery/patisserie, butcher and licensed Italian restaurant including a woodfire pizza oven. mercatoecucina.com.au
38 Makinson Street, Gladesville $1.42M
Recent Sales Gladesville, Tennyson Point & Putney (1 Jul - 30 Aug 2014) Address
Date
Price
14 Junction Street, Gladesville
30 Aug 14
$1.15M
36 Regent Street, Putney
30 Aug 14
$1.746M
16 Brereton Street, Gladesville
23 Aug 14
$1.33M
46 Douglas Street, Putney
23 Aug 14
$2.47M
21 Junction Street, Gladesville
16 Aug 14
$1.3M
Lot 2/22 Ida Street, Putney
15 Aug 14
Confidential
18A Albert Street, Gladesville
09 Aug 14
$1.13M
29 Regent Street, Putney
07 Aug 14
Confidential
1 Higginbotham Road, Gladesville
02 Aug 14
$1.335M
32 Tyrrell Street, Gladesville
02 Aug 14
Confidential
2 Hordern Avenue, Putney
02 Aug 14
$1.286M
36 Massey Street, Gladesville
31 Jul 14
Confidential
5 Pile Street, Gladesville
29 Jul 14
Confidential
36 Gregory Street, Putney
29 Jul 14
$1.355M
38 Makinson Street, Gladesville
26 Jul 14
$1.42M
1 Oxford Street, Gladesville
26 Jul 14
$1.625M
220 Morrison Road, Putney
26 Jul 14
$1.16M
34 Punt Road, Gladesville
19 Jul 14
$1.535M
15 Short Street, Gladesville
19 Jul 14
Confidential
16 Beach Street, Tennyson Point
19 Jul 14
Confidential
13 Wade Street, Putney
19 Jul 14
$1.84M
4 Gannet Street, Gladesville
12 Jul 14
$1.73M
152 Morrison Road, Putney
12 Jul 14
$1.18M
12 Venus Street, Gladesville
05 Jul 14
Confidential
58 Regent Street, Putney
05 Jul 14
$1.905M
Note: Sales highlighted sold by John Paranchi and the team at McGrath showing a 30% Market Share. No strata title included. Information provided by Australian Property Monitors based on exchanged sales, its accuracy cannot be guaranteed. Parties should rely on their own enquiries. McGrath will not be liable for any error or admissions here in.
Case Studies 6 Acacia Avenue, Ryde
4 Bed, 2 Bath, 1 Car Sold: $1.375M Sale Date: 9th August 2014 Sale Method: Auction Days on Market: 30 Buyer Origin: Baulkham Hills Registered Bidders: 12 Contracts Issued: 31 Land Size: 607sqm
38 Makinson Street, Gladesville
3 Bed, 2 Bath, 2 Car Sold: $1.42M Sale Date: 26th July 2014 Sale Method: Auction Days on Market: 30 Buyer Origin: Cammeray Registered Bidders: 14 Contracts Issued: 23 Land Size: 474sqm
Raving Fans “Thank you John and his team, they are a well-oiled machine and carry out their various roles in a friendly, reassuring and professional manner. We were pleased with the final outcome and the team’s frequent communication kept us well informed.” Michael and Cathy 2 Hordern Avenue, Putney