QUARTERLY MARKETPLACE REPORT
NARRAWEENA 1ST APRIL - 30TH JUNE 2017
HOW'S THE MARKET? Has the market topped? Despite the gloomy news headlines regarding the future of our property market, there are no real head winds on the Northern Beaches with a reasonable clearance rate of 75% last weekend. In contrast nationally, house values dropped for the very first time since December 2015 – down by 1% for the month of May. This stagnant growth could be explained by the increased supply – there are 6.2% more listings on the market when compared with June 2016. However the market is still 11.4% in front when compared to June 2016. So although recent media reporting may entice you to think that property values are about to tank, I believe we are in a transition period to the next phase of the property cycle. Put simply, the buying frenzy seems to have dissipated, however properties are still selling. Sure, some areas of Sydney that are investor hotspots with an abundance of vacant land will possibly experience a downturn, but the desire to live on the Northern Beaches will always bring demand.
The only way we will see red across the board is if interest rates were to rise and they were put on hold once again this month by the RBA. However it is interesting to note that many economists are now predicting that interest rates may drop once again later this year if the economy does not improve. It’s ironic that if this was to occur it will surely prolong the strong growth in property values as money to borrow becomes even cheaper. If your plan is to sell in 2017, you couldn’t pick a better time. One of the issues you will face however is finding a place to move to, as your choices are limited as mentioned previously. Our Property Nomination Service can help with this. Enquire within for more information on this! Tony
2ND QUARTER 2017 STATISTICS 17
PROPERTIES SOLD
1
PROPERTIES FOR SALE
$
HIGHEST SALE PRICE
$2.026m
$
MEDIAN SALE PRICE
$1.415m
'NARRAWEENA' SEARCHES ON REALESTATE.COM.AU FOR MARCH
10,422
2ND QUARTER 2017 STATISTICS No. of properties sold compared to this time last year & last quarter 20
15
5
10
5
0 Apr-Jun 2016
Jan-Mar 2017
Apr-Jun 2017
What's the most common price bracket in Narraweena? $1m-$1.5m 18%
$1.75m-$2m 24%
$2m+ 6%
$1.5m-$1.75m 53%
PROPERTIES SOLD: 2ND QUARTER 2017 3B JANICE PLACE
3BED | 2BATH | 1CAR
$1,400,000 72 WARRINGAH ROAD
2BED | 1BATH | 2CAR
$1,414,000 2 NIMBEY AVENUE
3BED | 1BATH | 2CAR | 556M2
4BED | 2BATH | 1CAR | 689M2
11 DE CHAIR ROAD
7 KWANI PLACE
$- NOT DISCLOSED
5
80 WARRINGAH ROAD
4BED | 1BATH | 1CAR | 770M2
$- NOT DISCLOSED 20 YALLAROI ROAD
$1,505,000
3BED | 2BATH | 4CAR | 563M2
$- NOT DISCLOSED 8 NALYA ROAD
5BED | 3BATH | 2CAR | 556M2
4BED | 3BATH | 1CAR | 632M2
25 SHERWOOD CRESCENT
22 TOWRADGI STREET
$1,515,000
$1,540,000
3BED | 1BATH | 1CAR | 556M2
4BED | 2BATH | 2CAR | 556M2
40 NALYA ROAD
7 LOCH ETIVE PLACE
$1,570,000
$1,575,000
3BED | 2BATH | 2CAR
4BED | 2BATH | 1CAR
105 WARRINGAH ROAD
68 LASCELLES ROAD
$1,590,000
$1,700,000
6BED | 3BATH | 3CAR | 461M2
4BED | 2BATH | 2CAR
138 ALFRED STREET
13 ROWENA ROAD
$1,750,000
6BED | 2BATH | 2CAR
$1,800,000
$1,765,000
5BED | 3BATH | 2CAR | 600M2
$1,950,000
88 ALFRED ROAD
4BED | 3BATH | 2CAR
$2,026,500
Information about this report: This report only shows 3 months of sold properties and data. This report is based on third party data, which is provided by RP Data. Whilst care has been taken in the preparation of this report, neither the author nor the real estate agent takes any responsibility for any incorrect, misleading or inaccurate data. Please disregard this publication if your property is exclusively listed with another agent. Houses displayed are only houses which have sold in the quarter and were publicly listed.
THE KEY: 21 STEPS TO SELLING YOUR PROPERTY FOR MORE I believe this book has something new for you. I’m expecting that the reader will take the statements Peter Hutton makes as an opportunity for further investigation. Test what he says. I encourage you to ask me or any agent for that matter before deciding who to sell with the questions Peter suggests throughout this book. With over 30 years of real estate expertise, I am humbled to have been chosen to endorse this book - “THE KEY – 21 Secrets To Selling Your Home For More”. I believe in empowering property sellers and that’s exactly what this little book does. Unlike many eBooks out there which are just copied and pasted material, “THE KEY – 21 Secrets To Selling Your Home For More” is an authentic and easy to read book, written by Peter Hutton who is a highly acclaimed author on property marketing. This little book is intended for the ‘residential-owner-occupier-propertyowner’, whose most pressing need is choosing the right agent/agency to list their property to sell with; who wish to sell for market value, plus, plus, plus; and for those who would value a REAL expert's viewpoint of the ‘real-estate-industry-property-sellingtraps’ to avoid. Whether you’ve sold countless properties or you’re selling for the first time,
It’s my expectation that every property owner who reads this will certainly be in a better position to make an informed decision before they place their property on the market. In it, Peter makes no apologies for the criticism leveled at various ‘old school’ real estate agents’ practices, which, surprisingly I see some agents still persist in doing (maybe out of habit). The property-selling-success-strategies Peter Hutton recommends have been refined over the years and thoroughly tested (by many agents including myself). Fact is, they work. It is my hope that this little book will save the reader, you, thousands of dollars (and even make you money) wherever and whoever you are selling with provided Peter’s advice is followed. Enquire with me today to get your free copy, no strings attached. To your property selling success. Tony Quattroville
WHY TONY QUATTROVILLE? Tony Quattroville is an accomplished businessman and real estate agent who offers clients a unique understanding and passion for the Northern Beaches real estate market. A first rate negotiator with a reputation forachieving results above expectation, Tony Quattroville has more than 30 years of local real estate experience and intimate market knowledge to his name. After successfully completing his studies at St Pauls College, Manly he commenced his career in real estate in 1985, selling his first listing when he was just 18 years young. Since that time he has sold more than 1000 properties on the Northern Beaches, some up to 4 times round. Tony is highly respected for his exceptional results, honesty and professional service. Tony is now ranked in the top 3% of best performing agents in the country.
A consummate professional known for his up-front and direct approach, Tony has a natural way of making people feel comfortable and educated in their decisions. He prides himself on his commitment to customising and assertively executing the best possible transaction on his clients’ behalf. Tony’s deep-seated sense of reliability has resulted in an extensive client base. His inbuilt understanding of differing needs and ability to match people with property has resulted in ongoing repeat & referral business. He uses his creative talents to find solutions that make sure his deals succeed. TESTIMONIALS Please feel free to call Patrick and Susan (recent vendors) who’ll be happy to have a chat with you about the brilliant result Tony was able to achieve for the sale of their homes. Call Patrick Feltham on 0459 516 735 and Suzie Patterson on 0450 165 775.
ABOUT US ONEAGENCY is a network of the industry's top real estate professionals- individuals who have excelled in their field & have earned the respected reputation required to successfully operate their very own real estate practice. The ONEAGENCY ethos is all about ONE on ONE personal service. After more than 30 years of successfully selling real estate on the Northern Beaches & with over 1000 sales personally to his name, highly regarded real estate identity Tony Quattroville, has proven over the years that when it comes to selling or leasing a property most owners will choose an experienced individual over a large organisation, and personal service counts for way more than the size of your shopfront.
CHANGE IS INEVITABLE OUR JOURNEY HAS ONLY JUST BEGUN...
SIMON SMITH HEAD OF MARKETING
FINN SIMPSON BUSINESS DEVELOPMENT MANAGER
OFFICE MOBILE EMAIL WEB
02 9905 3883 0418 479 738 tonyq@oneagency.com.au tonyquattroville.com.au