Welcome Welcome to our first newsletter for 2015! We hope you and your family had a fantastic Christmas and we wish you all the very best for the new year. Our team has hit the ground running with some great new listings about to go online.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market We had an exciting finish to 2014 with a new suburb record set in Putney at $4.25M (34 McGowan Street) and a new non-waterfront record also set at $3.5M (22 Watson Street).
slow down somewhat in 2015 but it is still an excellent time to sell and realise these phenomenal capital gains. Local suburbs will all move a little differently with some doing better than others.
Our final sale for the year was 22 Gregory Street, Putney, which was originally scheduled for auction in February but after matching it to a particular database buyer, it sold for $1.906M.
We expect market momentum to continue this year. There was a hiccup late in 2014 when a rush of stock across Sydney resulted in weakened clearance rates down from 80%-plus to the 70% range. Still an impressive rate of sale though and certainly indicative of continuing demand.
Sydney house values rose 13.4% in 2014 – an exceptional rate of growth particularly following the 15.2% price jump recorded in 2013, according to RP Data. Locally, median house prices also rose by 12% in Gladesville; 11% in Putney; and 25% in Tennyson Point (low volume of sales). It is inevitable that this extreme rate of growth will
If you are considering selling, please call me for a free no-obligation appraisal on 0411 508 890 today.
A Word From John McGrath As 2014 came to a close, the usual Christmas deadline prompted an unusually large wave of stock to hit the market and it indicated two things. First, some homeowners feel the market is about to pause or go backwards so they’re choosing to sell now; and secondly, there are a lot of hesitating sellers still out there, wondering when would be the perfect time to list? As always, there’s a lot of conjecture around what will happen in the market this year. Will the strong momentum continue or will the market take a pause in early 2015 following two serious boomlevel years of growth?
My best piece of advice for 2015 is don’t panic when reports start coming out about slowing rates of price growth or median values dipping slightly in some months. There is a pattern we see time and time again in growth cycles where the first couple of years are very strong and then we
see some plateauing, some consolidation and here and there, some small declines and small increases. It’s normal and to be expected. We’ve had the big surge in price growth now – 2015 is the year to decide what you want to do with it.
We Love Community – Giant Steps
Did You Know? According to realestate.com.au visitors from NSW spent 6.25 minutes on average per session in October 2014 on their site.
In collaboration with both the Opera House and Opera Australia, Giants steps embarked on a whole school excursion to the Joan Sutherland theatre at the Opera House for a showcase of the musical: The King and I. In preparation staff and students were given a test run called “Meet Your Seat”
and Opera Australia very generously allowed two of their performers, in costumes from the show, to visit the school. On the day of the showcase students enjoyed a snack on arrival before making their way to the theatre doors to be seated. The cast sang “Getting to Know You”,
“Shall we Dance?” and “Whistle a Happy Tune”. Assistant Director, Neil Rutherford, presented the conductor and opera orchestra to our students. We’re thrilled that this experience was a successful one for everyone involved. giantsteps.net.au
Our Recent Sales
34 McGowan Street, Putney $4.25M
22 Watson Street, Putney $3.5M
78 Park Road, Hunters Hill $2.65M
22 Gregory Street, Putney $1.906M
7/45 Pellisier Road, Putney $1.365M
5 Clayton Street, Ryde $1.1M
We Love Urban Fresh Come down and meet Michael and the team at Urban Fresh. Offering a variety of ready prepared meals for those busy nights when you just need to grab a meal and go home. They also sell fresh bread, fresh produce, packed meats, gluten free products, organic products, gourmet cooking products, dairy items, super foods and gourmet deserts. Urban Fresh open early and close late for your convenience (8.00am - 6.30pm) and also provide a delivery service. facebook.com/urbanfreshputney
Recent Sales Gladesville, Tennyson Point & Putney (1 Nov – 31 Dec 2014) Address
Date
Price
7 Diggers Avenue, Gladesville
Nov 14
$1.463M
169 Ryde Road, Gladesville
Nov 14
$1.15M
10 Kemp Street, Tennyson Point
Nov 14
$1.565M
79 Delange Road, Putney
Nov 14
$1.755M
296 Morrison Road, Putney
Nov 14
$955K
172 Tennyson Road, Tennyson Point
Nov 14
$3.3M
290 Morrison Road, Putney
Nov 14
$1.416M
39 Waterview Street, Putney
Nov 14
$2.55M
44 Mitchell Street, Putney
Nov 14
$1.52M
53 Amiens Street, Gladesville
Nov 14
$1.721M
3 Rundle Place, Gladesville
Nov 14
$1.4005M
18 Brereton Street, Gladesville
Nov 14
$1.28M
43 Gerrish Street, Gladesville
Nov 14
$1.37M
15 Douglas Street, Putney
Nov 14
$1.61M
28 Douglas Street, Putney
Nov 14
$1.43M
53 Phillip Road, Putney
Nov 14
$1.38M
108 Pittwater Road, Gladesville
Nov 14
$1.55M
7/45 Pellisier Road, Putney
Nov 14
$1.365M
21 Farm Street, Gladesville
Nov 14
$1.501M
34 McGowan Street, Putney
Nov 14
$4.25M
9 Wade Street, Putney
Dec 14
$2.51M
3 Donnelly Street, Putney
Dec 14
$2.12M
200A Pittwater Road, Gladesville
Dec 14
$1.8M
28 Delange Road, Putney
Dec 14
$1.37M
35 Gerrish Street, Gladesville
Dec 14
$1.585M
52 Regent Street, Putney
Dec 14
$2.65M
22 Gregory Street, Putney
Dec 14
$1.906M
163 Charles Street, Putney
Dec 14
$1.935M
84 Pellisier Road, Putney
Dec 14
$1.305M
22-24 Watson Street, Putney
Dec 14
$3.5M
Note: No Strata title included. Properties with confidential sale prices removed. 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 34 McGowan Street, Putney
4 Bed, 3 Bath, 2 Car Sold: $4.25M Sale Date: 25th Nov 2014 Sale Method: Prior to Auction Days on Market: 6 Buyer Origin: Rhodes Registered Bidders: N/A Contracts Issued: 3 Land Size: 1,131sqm
7/45 Pellisier Road, Putney
3 Bed, 2 Bath, 2 Car Sold: $1.365M Sale Date: 29th Nov 2014 Sale Method: Auction Days on Market: 25 Buyer Origin: Rhodes Registered Bidders: 7 Contracts Issued: 6 Total Size: 260sqm
Raving Fans “Over the years we have dealt with a number of real estate agents but I have to say McGrath has impressed us with their professionalism, courtesy and efficiency to the point that you guys stand apart from all the others! John leads an excellent team and we have no hesitation in recommending John and his team.� George and Angela (purchasers)