Welcome Welcome to the first Wyoming Market Report for 2016. Is it time to Sell, Buy or Watch? If you have any feedback or information for our next edition we would love to hear from you.
Tony Yarnold T 02 4346 1463 M 041 7 228 276 E tonyyarnold@mcgrath.com.au Steve Farthing T 02 4346 1461 M 0418 436 666 E stevefarthing@mcgrath.com.au
The Local Market Let’s consider some factors that have been known to initiate the decision to Sell or Buy such as property values and interest rates. Over the past three years we have seen significant property values increase by 38%, which has not been seen since 2003/4, which was generated by the first home buyer grants. Traditionally, most home owners believe that winter is not a great time to sell your home, however this couldn’t be further from the truth. With the current interest rate environment and market conditions, we are experiencing a high level of enquiry and activity in the market. Presently, we are seeing a large volume of buyers attending our open homes. We believe that a reduction in the supply of homes, coupled with high demand can produce a premium price for your home. Winter factors to achieving a premium price: Low quantity
of homes for sale during the winter period. Increased quantity of buyers looking for homes. Reduced competition for homes on the market. This is an ideal time to embrace the quieter competition that the middle of the year usually offers. Often people consider selling in Spring, however while the stock levels are low, now may be the best time to move. Spring can present too many homes for sale and an oversupply will soften the market as the buyer urgency fades. Either way we have an exciting market for Sellers and Buyers alike. The best time to sell comes down to considering all the external factors out of your control, so that you can make an informed decision to sell or buy. The best time regardless of these factors is when does it really suit you, life is the real deal, not a rehearsal so enjoy the journey.
Sales in Wyoming for the first Qtr. of 2016 According to Realestate.com.au, Tony and Steve have been the number one selling agents in Wyoming for the past 12 months; the first quarter of the year has been no different. McGrath
8
Wiseberry Coastal
5
Hinterland Real Estate
4
One Agency Kylie Jones
3
LJ Hooker Gosford
3
Raine & Horne Gosford
2
Ray White Gosford
1
Domain Property Group
1
Central Coast Select Properties
1
Gittoes
1
George Brand Terrigal
1
Property Central
1
Priority Real Estate
1 0
582 3
6
9
We Love Community
Did You Know?
One of the major needs recognised for the Wyoming area was a sports and recreation area. In 1958 Gosford Shire Council appointed a local committee to oversee development of the recreation area, now known as Alan Davidson Park. In Christmas 1958 bulldozing began on the former Mounser farm, by January 1959
playground equipment was installed, and the Narara Cricket Club constructed a shed with a council grant of Fifty Pounds. In the late 1960s major redevelopment of the “Alan Davidson Park� took place, comprising a main sports oval (cricket & football); a secondary sports oval; a football and hockey field,
In 1824 Frederick Augustus Hely purchased 1,340 acres of land adjacent to Narara Reserve. Hely named the land after the Wyoming Valley of Pennsylvania, made famous by the 1809 poem Gertrude of Wyoming by Thomas Campbell.
amenities and car parking. Alan Davidson, for whom the Park is named, is a famous Australian Test Cricketer.
Our Recent Sales
1 Kinarra Avenue, Wyoming $480,000
32 Sunset Street, Wyoming $507,500
19 MacGregor Street, Wyoming $460,000
4 Gregory Street, Wyoming $512,000
57 Maidens Brush road, Wyoming $460,000
70 Bourbon Street, Wyoming $470,000
We Love Coffee Ministry CafĂŠ is one of your local cafes in Wyoming. Providing fresh, delicious food and mouthwatering coffee, pop in spoil yourselves with a scrumptious Ministry Cafe breakfast.
www.facebook.com/ yourmorninglocal/ T 0474 166 979 475 Pacific Highway, Wyoming NSW 2250
Our Recent Sales
20 Bourbon Street, Wyoming $440,000
26/12-20 Kinarra Avenue, Wyoming $420,000
4 Dougal Drive, Wyoming $465,000
38 Wyoming Road, Wyoming $555,000
10 Tamarisk Place, Wyoming $484,000
629 Pacific Highway, Wyoming $430,000
“Steve and his team at McGrath were approachable, honest and easy to deal with. Great communication too, professional and personable. What more could you want?”
“I have used Steve and Tony from McGrath on both the vendor and the purchase side. On both occasions, the level of service, professionalism and efficiency were outstanding. They are without doubt the preferred real estate agent on the Central Coast.”
What our clients say “Tony and his team really helped me through the process of selling my mum’s home. The communication and knowledge was outstanding and they went above and beyond to make it as painless as possible during what was a very difficult and emotional time for myself. I would have no hesitation in recommending Tony Yarnold and the team at McGrath Real Estate.” Adriana Elena
mcgrath.com.au
Christina Davidson
David Price