Wayne and Teena Vaughan Property Report

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

e Kandy Av

l Ave

t Pde

Ave

ria St

St

p Dunlo

St

a

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Chelm

m

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s

Map a

61 Chelmsford Avenue 37 Dorset Avenue

lea

Rd

uk Ab

u

p

w

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in

p Ep

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Sale price

Map

$2.610m

n

z

Albuera

Road

Address

Sale price

6 Rose Street

$1.73m

$3.0m

o

50 Chelmsford Avenue Rose St

b

Address

Ln

y

d eld R

terfi Ches bs Mob

Ave

n t ex S Ess

c

d Rd Blaxlan

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Victo

Boron

St Kent

Ryde

t ard S

Orch

W

k

Brucedale Ave

ia Ave

e

St roke Pemb

Epping Rd

d

St Lewis

v

St ghby illou

Rd

Stanley Rd

ford

t

ve gus A

13 An

f

ng Carli

EPPING

Rd ford

ng Carli

g

t xS se Es

l

Surrey St

Chester St

Rd Beecroft

St

on Rd Mids

ing St

Down

n Penna

Dent

e st Av

Hillcre

St Kent

q

x

O

b

Dorset St

York St

il Fernh

i d Ray R

St rd xfo

Norfolk Rd

d Ray R

j

W

in

ifr ed

M

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

d aR oa ier m Vi

k Nor

Oakes

oad th R

ord gsf

Kin

Ave

Ave

St

ndria

Norma Ave

Ave an

xla

nd

A c a c i a St

Rd f

b ia St

Rd vall

Rd bury

le Rd

ts Shaf

Ryeda

Ban ks

d

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

or Wo

lw oo

Eastwood Train Station

d

on Alis

Ave

Ta l

d ry R

St

Dar Brush

q

Ba

sbu

dge

m

EASTWOOD

nd Rd

Rd

ad Ro va

la lac

Gordon

Blaxla

ft Sha

Terry

a Alexa

Rd

j ve ts A ran Tar e St c Walla Ave ison Harr

Milton

o

e od Av

o Eastw

p

ide

l Ave

a Centr

ay St Holw

Rutle

Map

s ke

n

La

c

Ave

g

l

g Eppin

Rd e Av

on Rd Mids

y Valle

i

ey Cr es

Railway Ave

Ha rl

$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