Welcome Welcome to our local property quarterly newsletter. This is designed to keep you up to date with the local property trends and things happening in the area. If you have any feedback or information for our next edition I would love to hear from you.
Nigel Mukhi T 02 9995 0082 M 0412 696 666 E nigelmukhi@mcgrath.com.au
The Local Market Last quarter I reported that there was a shortage in properties available across the Lower North Shore. We have not seen this change especially considering we are now well into the Spring selling period. There have been some amazing sale results across all property types and price ranges which is being driven by the fact that buyers do not have much to choose from. I have found that many people have been holding off selling their properties because they are concerned that they will not have anything to find. However, I have had many clients take advantage of the strong market and sell now for a premium. They are then either renting while they take their time to look or we are matching them to one of our upcoming properties before it hits the market.
During times when there is a shortage of properties available, I would also recommend considering a Buyers’ Agent. These agents represent the buyer and will actively seek out properties that match the buyer’s wish list. Many of these properties are also sold off-market, so this is well worthwhile considering. If you would like some more information on how this system works and who are the best Buyers’ Agents on the Lower North Shore, please give me a call. With realistically only two months of selling time left for this year, if you are considering a sale or purchase before Christmas, you really need to be speaking with us now. I look forward to being of assistance with your real estate needs.
Case Studies 9/70 Upper Pitt Street Kirribilli
3 Bed, 2 Bath, 2 Car Sold: $2,870,000 Sale Date: September 2016 Sale Method: Auction Days on Market: 18 Buyer Origin: Kirribilli Living Area: 304sqm
1203/102 Alfred Street Milsons Point
4 Bed, 2 Bath, 2 Car Sold: $3,800,000 Sale Date: July 2016 Sale Method: Auction Days on Market: 17 Buyer Origin: Grasmere Living Area (including balcony): 305sqm
Raving Fans I was thoroughly impressed with Nigel’s performance in selling our property. Having dealt with Nigel several years earlier as a potential buyer, I knew about his exceptional integrity and professionalism which is why I chose him as my selling agent. Nigel has vast experience and knowledge of the lower north shore market and has an excellent support team. The whole campaign was seamlessly managed, with timely and regular communication. I would highly recommend Nigel to any prospective vendor.
9 Adderstone Avenue, North Sydney Adrian and Jo Cruttenden
A Word From John McGrath Spring is the busiest time of the year for our industry and an exciting time for buyers and sellers, as more properties come onto the market and sales activity increases. While many markets have experienced a shortage of homes for sale this year, hopefully Spring will end the drought. Stock shortages make life very hard for buyers and sellers because although sellers can usually sell at a premium, the trouble is buying
back in. They don’t want to risk having to rent and move house twice, so many hold off. My overall prediction for Spring 2016 is a strong season with early Spring sellers benefitting most from the shortage of stock that will probably still be felt in September. There will be a pause in the market over the school holidays in late September/ early October before the bulk of Spring’s new listings come onto the market.
I wish both buyers and sellers all the best for the Spring period.
We Love Community History – Milson Community Garden During the Spring of 2008, a group of residents who meet to exercise their dogs each morning and evening in Milson Park, Kirribilli, began to discuss the idea of having a community garden. To “test the waters” and to gauge interest, they planted some herbs. Gordon Howlett, his wife Jen, Denny Linker and Carole Baker planted these herbs. The next morning, they were removed by Council gardening staff. This happened again when more herbs were planted. Carole phoned the Mayor, who was at the Local Government Conference, and informed her of the above. The Mayor thought it was a great idea to try a garden and she instructed that the plants should remain. The locals then planted new herbs and
They work together as a co-operative to grow a wide range of seasonal vegetables, herbs and flowers, and they do not have allotments. The garden is a wonderful community activity in the picturesque harbourside setting of Milson Park, Kirribilli (behind Ensemble Theatre and Sydney Flying Squadron).
Milsons Community Garden supplied image
also arugula and radishes. Susan, who lives across the road came with some more herbs, and over the next few weeks more were added by various dog walkers. People stopped to ask about the herbs etc and were advised of the experiment. They were invited to pick anything that they wished.
Many residents used the salad herbs, other park regulars planted tomatoes. Milson Community Garden was officially opened on 8th November 2009 by the then Mayor of North Sydney Genia McCaffery. Do you know more about Milson Community Garden? Please contact us as we would love to hear more stories about Milson Community Garden and history.
Our Recent Sales
201/20 Alfred Street Milsons Point Confidential
9 Adderstone Avenue North Sydney $3,400,000
1203/102 Alfred Street Milsons Point $3,800,000
9/70 Upper Pitt Street Kirribilli $2,870,000
1003/8 Glen Street Milsons Point $1,950,000
62/98 Kirribilli Avenue Kirribilli $2,000,000
bar is a place for all patrons. There’s never a dull moment and rarely a spare seat in the house so plan ahead. Best dish: steamed bun sliders with
pork belly, chilli, cucumber, sesame and soy.
Small Bar & Kitchen Kirribilli Never discount the little guy. It might be a small bar, but boy does this small kitchen and bar get things right. With a great selection of wines by the glass, boutique beers and simple home cooked food, this is the kind of place you want to be - day in, day out. Start here for breakfast with smashed avocado on sourdough and cruise through to wine o’clock before settling in for a beef brisket taco, steamed bun slider, pan fried snapper, crumbed bocconcini balls or hoisin and cola lamb ribs. The dishes are designed to share so load up and enjoy. This warm, friendly and welcoming café/restaurant/
Shop 1, 1-3 Broughton Street, Kirribilli 2061 (02) 9460 4200
Recent Sales July-September 2016 – Kirribilli, Lavender Bay, McMahons Point, Milsons Point 133 Carabella Street, Kirribilli 117 Carabella Street, Kirribilli 145 Carabella Street, Kirribilli 7/1 Hipwood Street, Kirribilli 3/10 Holbrook Avenue, Kirribilli 5A/63 Kirribilli Avenue, Kirribilli 6/97 Kirribilli Avenue, Kirribilli 14/98 Kirribilli Avenue, Kirribilli 62/98 Kirribilli Avenue, Kirribilli 2/100 Kirribilli Avenue, Kirribilli 4/122 Kirribilli Avenue, Kirribilli 2/5-7 Peel Street, Kirribilli 7/51-55 Upper Pitt Street, Kirribilli 9/70-72 Upper Pitt Street, Kirribilli 42/22 Waruda Street, Kirribilli 62/22 Waruda Street, Kirribilli 1/28 Waruda Street, Kirribilli 1/23B Bayview Street, Lavender Bay 15/7 Lavender Street, Lavender Bay 33/7 Lavender Street, Lavender Bay 38/7 Lavender Street, Lavender Bay 6/5 Middlemiss Street, Lavender Bay 31 Walker Street, Lavender Bay 10/14-28 Blues Point Road, McMahons Point 45/14-28 Blues Point Road, McMahons Point 62/14-28 Blues Point Road, McMahons Point 94/14-28 Blues Point Road, McMahons Point 7/82 Blues Point Road, McMahons Point 10/90 Blues Point Road, McMahons Point 22/90 Blues Point Road, McMahons Point 24 Chuter Street, McMahons Point 11/5 East Crescent Street, McMahons Point 37/21 East Crescent Street, McMahons Point 6/25 East Crescent Street, McMahons Point 8/36 East Crescent Street, McMahons Point 15 Queens Avenue, McMahons Point 60 Thomas Street, McMahons Point 34 Union Street, McMahons Point 40 Union Street, McMahons Point 1/45 Union Street, McMahons Point 37 Victoria Street, McMahons Point 1/2 West Crescent Street, McMahons Point 201/20 Alfred Street, Milsons Point 603/38 Alfred Street, Milsons Point 54/96 Alfred Street, Milsons Point 1203/102 Alfred Street, Milsons Point 1303/118 Alfred Street, Milsons Point 301/10-18 Cliff Street, Milsons Point 503/8 Glen Street, Milsons Point 702/8 Glen Street, Milsons Point 1003/8 Glen Street, Milsons Point 1103/12 Glen Street, Milsons Point 2102/37 Glen Street, Milsons Point 8/1 Harbourview Crescent, Milsons Point 6/3 Northcliff Street, Milsons Point
$4,510,000 Confidential $2,200,000 $755,000 $1,960,000 Confidential $950,000 $610,000 $2,000,000 $1,110,000 $1,100,000 $935,000 $3,450,000 $2,870,000 $868,000 $1,250,000 $660,000 Confidential $751,000 $715,000 $711,500 $735,000 Confidential $618,000 $980,000 $615,500 $1,320,000 $2,100,000 $810,000 $1,100,000 $1,660,000 $790,000 Confidential $975,000 $1,090,000 $2,100,000 $2,565,000 Confidential $1,030,000 $917,000 Confidential Confidential Confidential $1,250,000 $2,230,000 $3,800,000 $2,500,000 Confidential $830,000 $1,900,000 $1,950,000 Confidential $1,650,000 $2,400,000 Confidential
August 2016 August 2016 August 2016 July 2016 August 2016 August 2016 September 2016 July 2016 September 2016 August 2016 July 2016 September 2016 August 2016 September 2016 September 2016 September 2016 August 2016 September 2016 August 2016 August 2016 July 2016 August 2016 September 2016 July 2016 August 2016 July 2016 August 2016 July 2016 July 2016 September 2016 August 2016 July 2016 August 2016 August 2016 July 2016 August 2016 July 2016 August 2016 August 2016 August 2016 September 2016 September 2016 August 2016 July 2016 July 2016 July 2016 August 2016 September 2016 August 2016 August 2016 July 2016 August 2016 July 2016 September 2016 September 2016
Information provided by Pricefinder 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.