Stone Real Estate Beecroft - EOFY Report 2019

Stone Real Estate Beecroft Financial Year Report 2018/2019

Stone Real Estate Beecroft Corner of Beecroft Road and Hannah Street Shop TG 1-6, 18 Hannah Street, Beecroft 8866 1500 | stonebeecroft.com.au

Kevin Dearlove ‘Your Beecroft and Cheltenham specialist.’

The term ‘disruption’ can be a very overused term in the modern world, but I think it would be a relevant description of the Sydney housing marketing in FY 18/19. The banking royal commission, the State and Federal Elections and a largely negative press has seen varying reports of correction, suburb to suburb, of around 10% for the Sydney Metropolitan Area (RP DATA).

In Beecroft and Cheltenham, we have witnessed a softening of prices since the peak of the market in late 2017 but what we are seeing right now is a lack of quality housing stock which, in most cases, is still resulting in a healthy level of competition to the point where our strongest buyers are getting frustrated at the lack of options to choose from.

They are ready to buy and ready to compete for homes that fit their criteria.

Why is this relevant to you? Well if you are thinking of selling this year, I would highly recommend you consider bringing your plans forward and consider a sale, if necessary with a longer settlement period. The levels of buyer competition are high and the auction clearance rate is consistently above 70% for the North West - our area.

If the team at Stone Beecroft can assist you with any real estate matters please contact us on 8866 1500 or pop in to our office on the corner of Hannah Street and Beecroft Road.

Kevin Dearlove

Top Ten Beecroft Sales FY18/19 BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT

132 Beecroft Road 4 York Street 153 Copeland Road 1 Wandeen Avenue 142A Copeland Road East 72 Malton Road 1 Malton Road 76 Hannah Street 112A Beecroft Road 172A Murray Farm Road 12 Hull Road

$4,570,000 $3,650,000 $3,525,000 $3,300,000 $3,075,000 $3,057,500 $3,000,000 $2,900,000 $2,680,000 $2,600,000 $2,600,000

Number sold

Median price

Houses

108

$1,645,000

Units

16

$838,031

10/10/2018 06/07/2018 05/12/2018 15/11/2018 02/11/2018 06/04/2019 14/11/2018 15/09/2018 15/11/2018 08/08/2018 06/02/2019

Top Ten Cheltenham Sales FY18/19 CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM

30 Cheltenham Road 34 Day Road 20 The Boulevard 67C Boronia Place 11A Day Road 75 Cheltenham Road 12 Norma Crescent 26 Kethel Road 2/39A Boronia Avenue 20 Day Road

Number sold

$2,860,000 $2,630,000 $2,120,000 $2,077,500 $2,070,000 $2,017,500 $1,975,000 $1,570,000 $1,550,000 $1,500,000

Houses

18

Median price $1,754,444

Units

2

$1,240,000

Information sourced from RP Data and Pricefinder

08/08/2018 14/06/2019 24/01/2019 13/07/2018 13/12/2018 02/07/2018 01/06/2019 06/04/2019 23/03/2019 27/06/2019

Stone Success | Most Recent Sales FY18/19 CHELTENHAM BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT CHELTENHAM BEECROFT CHELTENHAM

20 Day Road 94 Lamorna Avenue 21 Boronia Avenue 34/265 Midson Road 65 Hull Road 32 Spring Street 3.305/18 Hannah Street 28 Bambara Crescent 10/97 Beecroft Road 26 Kethel Road

$1,500,000 $1,409,500 $2,200,000 $1,055,000 $1,731,000 $2,330,000 $815,000 $1,800,000 $815,000 $1,570,000

27/06/2019 20/06/2019 14/06/2019 29/05/2019 22/05/2019 22/05/2019 16/05/2019 02/05/2019 26/04/2019 06/04/2019

72 Malton Road

$3,057,500

06/04/2019

TOP SALE PRICE BEECROFT

Chloe Mawass.

As Business Development Manager at Stone Real Estate Beecroft, Chloe Mawass is instrumental in the growth of the agency’s property management business, from nurturing clients to building a motivated, energetic team that offers exceptional service.

Warm, bubbly and nurturing, Chloe has a genuine passion for helping people and as the ‘go to’ person she is particularly hands on. She has exceptional attention to detail and is a perfectionist in everything she does.

Chloe thrives within the supportive, motivating environment of the Stone office and is thrilled to be part of one of the north’s leading property management teams.

If we can assist with your rental property needs, please contact Chloe on 0431 983 240.

Property Management statistics Beecroft Average rental return in last 12 months Houses $725 per week Units $550 per week

Properties leased in last 12 months Houses 107 Units 82

Cheltenham Average rental return in last 12 months Houses $780 per week Units $420 per week

Properties leased in last 12 months Houses 23 Units 4

The market High quality schooling, transport and access to arterial roads continues to be the driver for tenants moving to Beecroft and Cheltenham. The North-West Metro has just opened and train operations are back to normal, we anticipate that this will increase rental returns and demand. Houses continue to perform as families often ‘test’ an area before they buy. We are also seeing strong demand from expats and professional couples.

Client testimonials.

Highly efficient, diligent, knowledgable, approachable, honest and reliable.

Ronald & Merren - 8 Lancaster Avenue, Beecroft Kevin was involved in all aspects of the sale of our home from the planning stages until auction and beyond. Kevin is professional and honest in all communications and he leads a great team who are also supportive and involved throughout the process.

We were impressed with the level of interaction and the genuine consideration and care that we experienced during this rigorous process. Sincere thanks to Kevin and his team for their dedication and efforts.

Tom & Alice - 6 Bangalow Avenue, Beecroft We recently completed the sale of our property in Beecroft using Kevin and his Stone team. Kevin very much ran the show for us. He was transparent, very responsive, and confidence-inspiring throughout the whole process, delivering a great outcome in a challenging buyers’ market. I have experienced Kevin on both sides of a transaction, as a buyer and a seller and he has acted with absolute professionalism in both cases.

He operates in a tight-knit suburb and with the integrity required to build and sustain a well-regarded reputation.

Kevin is supported by an efficient back office operation and a team of agents whose diversity, outlook and enthusiasm meets the evolving needs of sellers in the Beecroft market. I would not hesitate in recommending Kevin to prospective sellers in the local market.

Teresa & Chris - 72 Malton Road, Beecroft Our overall experience was very positive right from the start. Kevin is an excellent communicator and he set out a detailed marketing and sales plan which he set out a detailed marketing and sales plan which he and his team then executed, over the following weeks. He always delivered on his commitments and worked tirelessly to achieve a great outcome.