January – July 2017 Epping & Eastwood Report Wayne and Teena Vaughan
A message from Wayne and Teena
And so we set the bar higher… Well, it’s been another great year for Vaughan Team, Epping. Consistently at the top of our game, we started the year smashing the previous record set for Eastwood in March by $960,000. With the new record in that area now $3,960,000, we’ve proved, once again, that setting the bar high is what we do. Between January and July this year, McGrath held all 10 of the “Top 10 Sales” in Epping, and 4 of the top 10 for Eastwood, maintaining our leadership in this tightly held enclave we call home. But where we really thrive, is the community in which we’ve been embedded for 28 years. We love what we do, but we love our community more. It’s reflected in our on-going, consistent sponsorship and support of local schools, junior sport clubs and bowling clubs. We proudly invest much of our time and energy into this precious part of our world, understanding it is an honour and privilege to do so. As we head towards the pointy end of 2017, we wish you a positive close to what has been abundant year to date for our team, and community. To all of our clients, thank you for entrusting us with your greatest asset. You are the reason we work so hard to achieve real results. Should you require any advice or assistance, please reach out to our hard-working and expert team. We love hearing from you. Wayne Vaughan 0419 242 252 9877 4021 waynev@mcgrath.com.au
Teena Vaughan 0424 166 252 9877 4022 teenav@mcgrath.com.au
A message from John McGrath
More kids in public schools raises property prices More parents are choosing to educate their children in government schools, which is a complete reversal of the 40-year trend towards private education, according to the latest Schools Report from the Australian Bureau of Statistics. This change began in 2015 and has been increasing since then. The number of students staying through to Year 12 has also increased from 75% in 2006 to 84.3% in 2016, which means family home owners in prized school catchments are staying put longer. So what does this mean for real estate? In short, a lot! The desirability of homes within the catchment zones of the best public schools has been growing across Australia. A key factor was the introduction of the My School website launched in 2010, which provides directly comparable performance data for every public school based on NAPLAN results and other factors. The ability to directly compare schools means family buyers can handpick a top public school for their kids and give them guaranteed entry by simply moving into the catchment zone. The effect of high quality schools on local property prices is highlighted in the latest Domain School Zones report, which show house price growth data by catchment zone rather than by suburb.
Top 10 Residential* House Sales in Epping (January – July 2017) No.
Address
Bed
Bath
Car
Land size
Sale date
Sale price
Agent
1
11 Lewis Street
6
3
2
936sqm
11/3/17
$3.06m
McGrath
2
37 Dorset Street
5
3
2
1069sqm
8/7/17
$3.0m
McGrath
3
61 Chesterfield Road
5
2
2
1012sqm
17/5/17
$2.875m
McGrath
4
87 Epping Avenue
5
3
2
804sqm
24/3/17
$2.850m
McGrath
5
22 Downing Street
6
3
3
708sqm
20/5/17
$2.80m
McGrath
6
15 Chesterfield Road
4
3
2
1012sqm
18/2/17
$2.675m
McGrath
7
53 Chesterfield Road
4
5
1
1012sqm
8/4/17
$2.65m
McGrath
8
61 Chelmsford Avenue
4
2
1
781sqm
24/7/17
$2.610m
McGrath
9
43 Crandon Road
4
3
2
993sqm
27/5/17
$2.605m
McGrath
10
3 Ryde Street
4
2
3
860sqm
8/7/17
$2.59m
McGrath
Top 10 Residential* House Sales in Eastwood (January – July 2017) No.
Address
Bed
Bath
Car
Land size
Sale date
Sale price
Agent
1
5 Milton Avenue
6
5
2
999sqm
11/3/17
$3.96m
McGrath
2
330 Rowe Street
5
2
4
1144sqm
8/4/17
$3.83m
Other agent
3
203 North Road
7
5
2
910sqm
18/3/17
$3.3m
McGrath
4
14 Railway Avenue
5
4
2
1258sqm
24/5/17
$2.9m
Other agent
5
10 Railway Avenue
5
2
4
1195sqm
22/2/17
$2.72m
Other agent
6
43 Harley Crescent
7
5
3
640sqm
2/6/17
$2.7m
Other agent
7
47 Tarrants Avenue
5
2
2
746sqm
8/7/17
$2.650m
Other agent
8
6 Johnston Road
5
3
2
696sqm
25/3/17
$2.620m
McGrath
9
296 Rowe Street
7
2
2
799sqm
24/6/17
$2.60m
Other agent
10
24 Alison Street
6
3
2
702sqm
18/6/17
$2.53m
McGrath
Notes: The information in this report is provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for error or admissions herein. Properties in orange sold by McGrath. * Disclaim properties with development potential are not featured.
Epping Median Price Movements for houses 2017
$1.826m
2016
$1.78m
2015
$1.75m
2014
$1.50m $1.126m
2013 2012
$942k
2011
$915k
2010
$925k
2009
$803k
Eastwood Median Price Movements for houses 2017
$1.86m
2016
$1.74m
2015
$1.61m
2014
$1.355m $1.18m
2013 2012 2011 2010 2009
$913k $900k $935k $788k
Notes: The information in this report is provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for error or admissions herein.
Epping Median Price Movements for houses JANUARY – JULY 2017
ALL AGENCIES COMBINED
McGRATH SHARE
Number of houses sold
95
28
$1,930,562
$2,238,429
$183,403,400
$62,676,000
ALL AGENCIES COMBINED
McGRATH SHARE
95
25
Average sale price
$1,928,975
$1,943,521
Total value sold
$185,181,601
$46,644,500
Average sale price Total value sold
` JULY – DECEMBER 2016
Number of houses sold
`
Epping Sales by McGrath (January – July 2017) h
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61 Chelmsford Avenue 37 Dorset Avenue
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Sale price
Map
$2.610m
n
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Albuera
Road
Address
Sale price
6 Rose Street
$1.73m
$3.0m
o
50 Chelmsford Avenue Rose St
b
Address
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Ave
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Surrey St
Chester St
Rd Beecroft
St
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Down
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Dent
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Hillcre
St Kent
q
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Dorset St
York St
il Fernh
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Norfolk Rd
d Ray R
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Av e
ur iel $2.11m A
ve
c
3 Ryde Street
$2.590m
p
53 Chesterfield Road
$2.65m
d
53 Kent Street
$1.930m
q
32 Hillcrest Avenue
$1.99m
$2.325m
r
87 Epping Avenue
$2.85m
e
9 Cumberland Street
f
30 Chester Street
$2.075m
s
46 Mobbs Lane
$1.80m
g
30 Surrey Street
$2.225m
t
11 Lewis Street
$3.060m
$1.450m
u
16 Donald Avenue
$2.32m
h
8 Kandy Avenue
i
12 Ridge Street
$2.210m
v
13 Angus Avenue
$1.836m
j
28 Somerset Street
$2.075m
w
85 Epping Avenue
$1.89m
k
43 Crandon Road
$2.605m
x
l
22 Downing Street
$2.8m
y
15 Chesterfield Road
$2.675m
$2.875m
z
11 Albuera Road
$2.03m
m
61 Chesterfield Road
193 Ray Road
$1.655m
Eastwood Median Price Movements for houses JANUARY – JULY 2017
ALL AGENCIES COMBINED
McGRATH SHARE
Number of houses sold
90
18
Average sale price
$2,034,790
$1,991,894
Total value sold
$182,124,100
$35,906,100
ALL AGENCIES COMBINED
McGRATH SHARE
76
14
$1,812,229
$1,899,991
$128,668,268
$26,599,880
` JULY – DECEMBER 2016
Number of houses sold Average sale price Total value sold
`
Eastwood Sales by McGrath (January – July 2017) h
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Kin
Ave
Ave
St
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Norma Ave
Ave an
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A c a c i a St
Rd f
b ia St
Rd vall
Rd bury
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ts Shaf
Ryeda
Ban ks
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Bla Ave First
Rd
e
Address
Sale price
Map
Address
Sale price
a
24 Gwendale Crescent
$1.570m
j
b
30 Banksia Street
$1.850m
k
c
26 Epping Avenue
$2.450m
l
d
24 Alison Street
$2.530m
m
e
13 Warrawong Street
$1.562m
n
20 Central Avenue
$1.90m
$1.470m
o
10 Cocos Avenue
$2.018m
29 Harley Crescent
$1.740m
f
520 Blaxland Road
g
17 Lexington Avenue
$1.647m
p
h
9a Eastwood Avenue
$2.20m
q
i
6 Johnston Road
$2.62m
3 Union Street 203 North Road
$1.61m $3.30m
5 Milton Avenue
$3.96m
8 Read Street
$1.807m
7 Warrawong Street
St
Av e
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Eastwood Train Station
d
on Alis
Ave
Ta l
d ry R
St
Dar Brush
q
Ba
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Rd
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Gordon
Blaxla
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Rd
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Milton
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Railway Ave
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$1.672m
Why so many people sell with Wayne, Teena & their team
82%
48 years
AUCTION CLEARANCE
COMBINED SELLING EXPERIENCE
$2.23m
Track Record
AVERAGE SALE PRICE
SUBURB RECORDS FOR EPPING, RYDE, EASTWOOD, PENNANT HILLS & DENISTONE
Source: McGrath Management System
Current Suburb Records Held By Wayne & Teena Vaughan
101 Bowden Street, Ryde Sold $3.80m (17 Dec 2016)
71 Epping Avenue, Epping Sold $3.21m (22 Aug 2015)
5 Milton Avenue, Eastwood Sold $3.96m (11 Mar 2017)
1 Pennant Avenue, Denistone Sold $3.12m (19 Dec 2012)
22 Cecil Avenue, Pennant Hills Sold $2.876m (24 May 2017)
Top Epping house sales by McGrath (January – July 2017) Number
Street
Land size (sqm)
Bed
Bath
Car
Sale price
936
6
3
2
$3.06m
11
Lewis Street
37
Dorset Avenue
1,069
5
3
2
$3m
22
Downing Street
708
6
3
3
$2.8m
61
Chesterfield Road
1,012
5
2
2
$2.875m
87
Epping Avenue
804
5
3
2
$2.85m
15
Chesterfield Road
1,012
4
3
2
$2.675m
53
Chesterfield Road
1,012
4
5
1
$2.65m
61
Chelmsford Avenue
797
4
2
1
$2.61m
43
Crandon Road
993
4
3
2
$2.605m
3
Ryde Street
860
4
2
3
$2.59m
16
Donald Avenue
1,024
5
3
2
$2.32m
9
Cumberland Street
999
2
1
1
$2.325m
30
Surrey Street
580
4
3
1
$2.225m
12
Ridge Street
753
5
3
3
$2.21m
50
Chelmsford Avenue
765
3
2
1
$2.11m
30
Chester Street
847
4
3
2
$2.075m
28
Somerset Street
834
5
4
2
$2.075m
11
Albuera Road
689
4
1
3
$2.03m
Top Eastwood house sales by McGrath (January – July 2017) Number
Land size (sqm)
Bed
Bath
Car
Sale price
Milton Avenue
999
6
5
2
$3.96m
North Road
911
7
5
2
$3.3m
6
Johnston Road
696
5
3
2
$2.62m
24
Alison Street
702
6
3
2
$2.53m
26
Epping Avenue
923
4
2
2
$2.45m
9a
Eastwood Avenue
516
4
2
2
$2.2m
10
Cocos Avenue
773
4
2
1
$2.018m
20
Central Avenue
594
4
2
1
$1.9m
30
Banksia Street
708
5
3
1
$1.85m
8
Read Street
702
4
2
2
$1.807m
29
Harley Crescent
651
3
3
3
$1.74m
7
Warrawong Street
483
4
2
2
$1.672m
3
Union Street
645
4
2
2
$1.61m
24
Gwendale Crescent
708
3
2
1
$1.57m
13
Warrawong Street
803
3
1
1
$1.562m
Blaxland Road
674
3
1
1
$1.47m
Lexington Avenue
339
4
2
1
$1.647m
5 203
520 17 Source: APM
Street
Testimonials
“Just a note to thank you both for the outstanding service provided by you and your team in the recent sale of our home in Eastwood. From the day we signed the agreement with McGrath the sale of our home has run smoothly with minimum stress and an excellent outcome. This is the second time we have used you to sell a property for us and once again, we are very happy with the McGrath team and would have no hesitation in recommending them to others. A big thank you Teena, Wayne, and team.” 10 Cocos Avenue, Eastwood – Sue and Ray Ashton (February 2017)
“After watching the local market for 27 years we knew who the experts were, so when we decided to sell, we employed the best to sell our biggest asset, and they performed beyond our expectations. The team of Wayne and Teena Vaughan is well drilled, experienced in marketing, skilled in negotiations and professional. They demonstrate great integrity and honesty to both the vendor and the buyer. They work together to keep the vendor informed whilst targeting the potential buyers and nurturing them through the purchase process. Their longevity in the Epping/Eastwood market is a testament to their professionalism and commitment to the local area.” 87 Epping Avenue, Epping – David and Kristen Bird (March 2017)
Testimonials
“We were especially impressed by your continuing commitment to meeting our needs and your realist and practical advice. We were never left wondering as you always kept us fully informed of what was happening and any developments. Your personal and friendly attention to us began before we even signed with McGrath as you happily gave us your time to discuss our thinking and the possible sale process. You also assisted us by researching properties we were considering buying.” 16 Donald Avenue, Epping – Laurie and Keran Glanfield (March 2017)
“We have known Wayne for more than 20 years since he helped my sister purchase her property in Epping. Since that time Wayne’s reputation has continued to grow as an agent who really understands the market and can deliver the best outcome for their clients. To us, Wayne is the quintessential real-estate agent and from the moment we engaged him, along with Teena and their team, we could not have been happier. We have always felt comfortable with our choice and were kept informed on a regular basis and always had all the information available to us. ” 61 Chelmsford Avenue, Epping – Graham and Colette Downes (July 2017)
Testimonials
“Just a note to pass on our sincerest thanks for your outstanding work in selling our home. Every aspect of the process from initial explanation of how best to market our house, to the extensive marketing preparation, photographs, advertising design, open house management, through to the signing of contracts has way surpassed our expectations. You have managed to provide the best guidance and recommendations possible and encouraged us to put all of our trust in your expertise and skills, enabling you to deliver an exceptional result for us. Trish and I are over the moon with the fact that the sale was conducted so professionally and quickly, and provided us with a superb result in every way.” 61 Chesterfield Road, Epping – Kevin and Trish Willoughby (May 2017)
“I doubt there is anyone more knowledgeable about the real estate market in this area. He takes enormous pride in both the support and guidance he provides and maximising the profitability for his clients. Surrounded by an awesome team including wife and partner Teena who could not be more helpful. Where Wayne really shone was at the auction, and whilst the support and guidance is important, the sale point is where you really need a master.” 30 Chester Street, Epping – Gail and Mark Sutherland (June 2017)
Testimonials
“They know and understand thoroughly the local market; their marketing strategy is flawless; they treat their clients with sensitivity and respect, nurturing them through what tends to be an emotional and stressful time; they are ready to advise and assist at every stage with whatever is required to prepare a property for sale; they work tirelessly to ensure that every possible lead is followed to maximise interest in a property; they are dedicated, energetic and synergistic. The recent auction of our home exceeded our wildest expectations; we have no doubt Wayne, Teena and their team are at the top of their game and have no reservations in recommending them to anyone who wants the best outcome when selling their home.” 6 Johnston Road, Epping – Alistair and Anne-Marie Johnson (March 2017)
“Wayne is an asset to property owners in Epping. After many years in real estate, he approaches each transaction as if it were the most important of his career, and his attention and passion is marvellous to observe. We have been fortunate to experience first-rate service all over the world and this experience went unexpectedly beyond our expectations.” 50 Chelmsford Avenue, Epping – Lisa Rizzo (May 2017)
Testimonials
“Wayne and Teena Vaughan are golden couple that cooperates closely to get the best price for our property. Although the sale took a little longer time due to hard market conditions, the final result is good, and the deal completed in almost one day without trouble. The timing is exactly right for our new house hand over happens. Thanks a lot for both of you and your staffs, you really did a great job!” 24 Alison Street, Eastwood – Linda and Steven Zhao (June 2017)
“When it came to getting ready to put the property to the market everything was seamless and easy. The constantly weekly communication was incredible and they made us feel like everything was well and truly under control, which it absolutely was! Then came the Auction preparation, not once did we feel like our property wasn’t going to sell, it was selling it was just a matter of who to on Auction day. The end result was simply amazing and beyond any expectations we held for the day. It was like watching a welloiled machine that worked like a clock, nothing went wrong and nothing phased anyone.” 193 Ray Road, Epping – Ray and Sue Ford (February 2017)
Testimonials
"The experience of working with McGrath was excellent from start to finish. The whole team went above their call of duty to ensure that the best outcome was achieved. This included the excellent marketing strategies used from the beginning and even included Teena helping out with designing and moving furniture. Wayne was an excellent communicator and always responsive to any queries whilst working with the team to get the fantastic result on auction day. We would absolutely recommend Wayne and Teena to any perspective clients.” 203 North Road, Eastwood – Gareth and Katrina (March 2017)
“Thank you Wayne, Teena and team on your professional advice, fine touches, friendship, understanding and great support on our recent sold property. We now settle into our new home in which Wayne is part of what made it possible. We highly recommend Wayne, Teena and McGrath Epping team to our network of friends.” 3 Ryde Street, Epping – Roni, Sally and Mia (July 2017)
Wayne Vaughan 0419 242 252 9877 4021 waynev@mcgrath.com.au Teena Vaughan 0424 166 252 9877 4022 teenav@mcgrath.com.au
mcgrath.com.au