Welcome Welcome to our bi-monthly newsletter, we hope you like our fresh new design and the additional information included. If you are still hoping to buy over the break, please contact me on the details below as we have several properties listed but not advertised.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market What a year it’s been in both local and Sydney real estate. We have seen some truly amazing prices being achieved in the local area with buyer demand at unprecedented levels and properties selling far above reserve when positioned and marketed correctly. My team and I have had a wonderful year thus far selling close to 60 properties for our clients and we are not finished yet with some wonderful local homes due to auction in December. According to RP Data, Sydney house prices are up 12.1% for January-November, so the pace of growth in 2014 has not been far off the remarkable 15.2% growth we saw in 2013. Clearance rates have hovered around the boom-
time level of 80% for most of the year, although they have tapered into the 70% range this month – as expected, due to a huge amount of stock that has come onto the market in the traditional preChristmas rush to sell. We are now taking bookings for 2015 campaigns. If you are considering selling, please call me on 0411 508 890 for a free no-obligation appraisal, including a discussion of small improvements you could make over the holidays to maximise your home’s potential selling price. I would like to take this opportunity to wish you and your family a Merry Christmas and a safe and Happy New Year.
A Word From John McGrath Instead of seeing marketing as an unnecessary expense, vendors are increasingly seeing it as an investment that is likely to generate a higher price for their home through increased buyer competition. It’s easy just to go for the internet, which is much cheaper than print advertising. I’m a big believer in internet marketing but it will only reach active buyers who are internet savvy. Granted, this represents a large proportion of buyers in the market today but to achieve a truly premium price, you need to maximise competition and that’s where a combination of online and print media works best.
A recent study showed that nationally: • 51% of listings using online and print sold compared to 39% of those using the internet alone • Properties using online and print sold 1 week faster than web-only listings
• The prices achieved for properties using online and print were 8% higher than web-only campaigns When looking at a proposed marketing schedule for your home, don’t focus solely on cost – consider the strategy too. (Source RP Data national study conducted between Feb and Oct 2013)
We Love Community – The Gladesville Ravens
Did You Know? According to realestate.com.au 69.2% of consumers don’t go past page 1 when searching for property.
Gladesville Ravens Women’s Super League Win U13’s Super League Title! In a massive victory the under 13 girls who played the whole season undefeated took out the Grand Final 2 - 0 over the Bankstown Lions. The Women’s Super
League competition is a representative competition run by Football New South Wales. The competition is a pathway to greater representative honours. Club officials were ecstatic at the win with Rob Barbagello the Director of Ravens Women’s Football
saying, “I am so happy to see the girls win after being undefeated for the year, it contributes to the proud tradition of very strong women’s teams of the Ravens”. The Ravens veiled over 64 Football (soccer) teams this year with more than half the players being women!
Our Current Listings
22 Watson St, Putney
58 Champion Rd, Tennyson Point
63 Wharf Rd, Gladesville
80 Pellisier Rd, Putney
13 Storey St, Putney
88 Church St, Ryde
We Love Awash Carcare and Café Awash Carcare and Café is the one-stop-shop for all of your car care needs. Whether you need a simple car wash, full detail, car accessories or someone to sell your vehicle, Awash will service all of these needs under the one roof with the utmost professionalism and exceptional customer service. Catering for everyone; from local businessmen accessing the free wireless internet technology, locals enjoying their rustic Italian inspired lunch, children playing on the play equipment within the dedicated kid’s area, to customers sitting back reading the paper as they wait for their car care service. awash.com.au
Recent Sales Gladesville, Tennyson Point & Putney (1 Sep – 31 Oct 2014) Address
Date
Price
32 Makinson Street, Gladesville
31 Oct 14
$1.405M
296 Morrison Road, Putney
27 Oct 14
Confidential
22 Donnelly Street, Putney
20 Oct 14
$1.98M
101 Charles Street, Putney
18 Oct 14
$1.83M
3 Teemer Street, Tennyson Point
18 Oct 14
$2.62M
14 Massey Street, Gladesville
14 Oct 14
$1.21M
1 Pellisier Road, Putney
11 Oct 14
Confidential
24 Boulton Street, Putney
11 Oct 14
$1.488M
44 Champion Road, Tennyson Point
11 Oct 14
$1.861M
113 Victoria Road, Gladesville
11 Oct 14
$1.008M
1 Watson Street, Putney
04 Oct 14
$1.3008M
24 Manning Road, Gladesville
27 Sep 14
$1.208M
3 York Street, Gladesville
20 Sep 14
Confidential
9 Towns Street, Gladesville
20 Sep 14
$1.37M
19 Raven Street, Gladesville
19 Sep 14
$1.125M
31 Stanley Street , Putney
13 Sep 14
$2.3M
172 Charles Street, Putney
13 Sep 14
$2.338M
106 Pittwater Road, Gladesville
13 Sep 14
$1.2M
11 Westminster Road, Gladesville
06 Sep 14
$1.705M
FY14 Year to date house price comparison Gladesville
Houses Sold FY13
74
Houses Sold FY14
126
Average Price FY13
$1.237M
Average Price FY14
$1.456M
Annual Growth FY13
+0.09%
Annual Growth FY14
+17.70%
Notes: No Strata title included. Information provided by Australian Property Monitors as at 30th June 2014 on exchanged sales. Parties should rely on their own enquiries. McGrath will not be liable for any error or admissions here in. Comparison Period 1st July 2013 – 30th June 2014. Out of line sales and undisclosed prices are not included.
Case Studies 11 Cowell St, Gladesville
3 Bed, 1 Bath, 1 Car Sold: $1.325M Sale Date: 6th Sep 2014 Sale Method: Auction Days on Market: 30 Buyer Origin: Lane Cove Registered Bidders: 7 Contracts Issued: 26 Land Size: 413sqm
44 Champion Rd, Tennyson Point
4 Bed, 3 Bath, 1 Car Sold: $1.861M Sale Date: 11th Oct 2014 Sale Method: Auction Days on Market: 30 Buyer Origin: Burwood Registered Bidders: 6 Contracts Issued: 14 Land Size: 581sqm
Raving Fans “Soya and I are very happy with the result and the professionalism you provided throughout the entire time of the campaign. Thanks again and we would highly recommend McGrath as a real estate agent to anyone.� Michael and Soya 11 Cowell St, Gladesville