Welcome Don’t miss the Hunters Hill Food and Wine Festival at Boronia Park on May 1. Many fine wineries and excellent restaurants take part, as well as gourmet produce suppliers, espresso coffee and gelato vendors plus great live music. For more info visit hhfoodnwine.com
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market We’ve had a great start to the year with some strong sale prices and no change in buyer demand locally.
been waiting for full capital appreciation on your home before selling, we’re there now.
Sydney’s auction clearance rates have consistently hovered around 75% and there was a 2% increase in property values over the March quarter, according to CoreLogic RP Data.
We’re also approaching the best time of year to sell. There is always a lot more hype around Autumn and Spring because more people list their homes for sale, which is exactly why Winter is the best time to sell.
Some of our most notable results include 4 Figtree Road, Hunters Hill, which sold above reserve for $1.78M to buyers downsizing from Lindfield. We also sold 304 Morrison Road, Putney – which was listed with another agent last year but didn’t sell, for $2.375M prior to auction to a buyer on our database. There is no doubt the Sydney market is slowing down and the frenzied buying of the past few years is no more. If you’ve
With fewer homes on the market and no hibernation of buyers, the supply/demand equation is fully in your favour and this will make a difference to your sale price. If you’re thinking of selling, please call me on 0411 508 890 for a free no-obligation appraisal today.
A Word From John McGrath Affordability has been a hot topic of late so a new report from CoreLogic RP Data is quite timely. It presents the most affordable suburbs in every capital city – which is interesting reading but let’s be honest, they might not be suburbs on the top of your wishlist particularly as many of them are on the outskirts. In fact, in the case of NSW, 4 out of the top 5 cheapest suburbs are actually on the Central Coast, which is increasingly being seen as an extension of metro Sydney and becoming a popular choice for first home buyers willing to commute. Here’s another angle on the
whole affordability debate. Prices aren’t going to change (at least not much) but there are things you can do yourself to improve your own ‘affordability’. The best possible thing you can do is take advantage of historically low interest rates. The interest on your
home mortgage will always be your greatest expense as a first home owner, so low interest rates can make a huge difference. For further security and sleep-at-night comfort, lock in those rates with a fixed loan for 3-5 years.
We Love Community – Giant Steps
Did You Know? The White House has been valued at approximately $110 million.
Giant Steps Sydney is holding their annual charity event, Disco Inferno Ball on Saturday 25th June at the Hordern Pavilion. The ball is their biggest fundraising event of the year and all funds raised go directly to enhancing the lives of children with autism. Today, 1 in 160 individuals are
diagnosed with autism in Australia. Giant Steps Sydney is a centre of excellence for the creation and implementation of innovative and effective programs for children and young adults with autism. They also provide support
to families, seek to improve the understanding of autism in the community and develop best practice amongst carers and professionals. It is also a registered children’s charity and all donations over $2 are tax deductible. For tickets and more information please visit giantsteps.net.au
Our Recent Sales
304 Morrison Road, Putney $2.375M
25 Junction Street, Gladesville $2.2M
48 Melba Drive, East Ryde $2.15M
4 Figtree Road, Hunters Hill $1.78M
415D/5 Pope Street, Ryde $1.1M
3/694 Victoria Road, Ryde $550K
We Love Dolcini Cafe In the heart of Putney Village is Dolcini Cafe, your home away from home for nearly 10 years. Putney born-and-bred Guardala brothers, serve you delicious coffee, house made muffins and Italian inspired home style meals. Denise, their mother, bakes her great-grandmother’s moreish, gluten-free almond biscotti available onsite and distributed to many premium Cafes throughout Sydney. Open 7 days for breakfast and lunch Dolcini Cafe is a regular stop for the early morning risers, as they brew their first coffee shortly after 5am. dolcini.com.au
Recent Sales – Gladesville, Tennyson Point & Putney (1 Feb 2016 – 31 Mar 2016) Address
Date
Price
25 Junction Street, Gladesville
24 Mar
$2.2M
10 Cambridge Street, Gladesville
23 Mar
$1.39M
282 Morrison Road, Putney
22 Mar
$1.72M
97 Charles Street, Putney
21 Mar
$2.65M
6 Glades Avenue, Gladesville
19 Mar
$2.7M
101 Tennyson Road, Tennyson Point
19 Mar
$2.88M
1 Gerrish Street, Gladesville
12 Mar
$1.61M
304 Morrison Road, Putney
12 Mar
$2.375M
193 Ryde Road, Gladesville
5 Mar
$1.07M
1A Wade Street, Putney
27 Feb
$1.45M
68A Champion Road, Tennyson Point
27 Feb
$3.44M
29 Delange Road, Putney
25 Feb
$2.435M
32 Cowell Street, Gladesville
20 Feb
$1.78M
58 Tennyson Road, Gladesville
20 Feb
$1.69M
3 Feb
$2.55M
83 Waterview Street, Putney
FY15 Year to Date House Price Comparison Gladsville
Houses Sold FY14
126
Houses Sold FY15
88
Average Price FY14
$1,456,000
Average Price FY15
$1,714,000
Annual Growth FY14
+17.70%
Annual Growth FY15
+15.04%
Note: Sales highlighted sold by John Paranchi and the team at McGrath showing a 33% 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 25 Junction Street, Gladesville
4 Bed, 2 Bath, 1 Car Sold: $2.2M Sale Date: 24th Mar 2016 Sale Method: Prior to Auction Days on Market: 16 Buyer Origin: North Ryde Contracts Issued: 19 Land Size: 815sqm
304 Morrison Road, Putney
5 Bed, 4 Bath, 3 Car Sold: $2.375M Sale Date: 24th Feb 2016 Sale Method: Prior to Auction Days on Market: 16 Buyer Origin: Hunters Hill Contracts Issued: 2 Land Size: 651sqm
Raving Fans “We found John and his team to be very professional in every aspect regarding the sale of our unit. They took us through every step of the sale and kept us up to date. The unit was sold within a week and they got the price we wanted. We highly recommend them and would have no hesitation in using their services again.� Michael and Karen 3/694 Victoria Road, Ryde