QUARTERLY MARKETPLACE REPORT
NARRAWEENA 1ST JULY - 30TH SEPTEMBER 2017
HOW'S THE MARKET? Housing crisis? Spring has Sprung! It’s that time of the year again when real estate dominates the headlines – and it’s not always positive. The auction clearance rate Sydney-wide for the first weekend of Spring was 18% lower than the same time last year. This was the first ‘Super Saturday’ of the year, and it was the slowest start we’ve had in 5 years. It’s not all doom and gloom on the Northern Beaches however, as we saw a very healthy 87% clearance rate last weekend. Sydney's housing crisis however has reached an alarming new threshold with a key measure revealing it now takes more than two average full-time wages to affordably service a loan for a typical city home.
But, while interest rates remain at historic lows, Sydney’s appetite for property will remain. ONE thing to be concerned about however is when interest rates do rise. Mortgage stress is going to appear more and more in the news columns, especially when some families are forced to make a sale due to non-repayment of their loan. There is still time to make a sale this side of Christmas. If you want to make a sale in 2017, or you want to get ready to go on the market in early 2018, please do not hesitate to get in contact with me. Tony
3RD QUARTER 2017 STATISTICS 14
PROPERTIES SOLD
7
PROPERTIES FOR SALE
$
HIGHEST SALE PRICE
$2.05m
$
MEDIAN SALE PRICE
$1.502m
'NARRAWEENA' SEARCHES ON REALESTATE.COM.AU FOR JUNE
10,422
3RD QUARTER 2017 STATISTICS No. of properties sold compared to this time last year & last quarter 20
15
5
10
5
0 Jul-Sept 2016
Apr-Jun 2017
Jul-Sept 2017
What's the most common price bracket in Narraweena? $2M+ 7%
$1.25M-$1.5M 21%
$1.75M-$2M 21%
$1.5M-$1.75M 50%
PROPERTIES SOLD: 3RD QUARTER 2017 2 CREER PLACE
3BED | 1BATH | 1CAR | 582M2
$1,410,000 86 VICTOR ROAD
3BED | 1BATH | 2CAR | 613M2
$1,450,000 31 NALYA ROAD
2BED | 1BATH | 2CAR | 586M2
4BED | 2BATH | 2CAR | 602M2
13 EDWARD STREET
24 WARATAH PARADE
$1,465,000
5
157 ALFRED STREET
3BED | 2BATH | 2CAR | 550M2
$- NOT DISCLOSED 28 RONALD AVENUE
$1,520,000
3BED | 1BATH | 2CAR | 552M2
$1,550,000 39 NIMBEY AVENUE
3BED | 1BATH | 2CAR | 753M2
3BED | 1BATH | 1CAR | 631M2
56B CONSUL ROAD
17 CHESTER PLACE
$1,605,000
$1,620,000
4BED | 2BATH | 2CAR | 1521M2
4BED | 3BATH | 2CAR | 651M2
46 MAY ROAD
3 PINE PLACE
$1,629,000
$1,710,000
5BED | 2BATH | 2CAR | 437M2
5BED | 2BATH | 4CAR | 601M2
94 ALFRED ROAD
13 CONNAUGHT STREET
$1,795,000
4BED | 2BATH | 1CAR | 629M2
$1,850,000
$- NOT DISCLOSED
6BED | 3BATH | 3CAR | 944M2
$2,050,000
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 Corelogic RP Data & REA Group. 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