Quarterly Marketplace Report
Allambie Heights Properties Sold 1st January – 31st March 2015
How’s the market? What’s the likelihood of a housing ‘bubble’? Take a look at this graph showing the investor share of the market:
With the RBA cutting interest rates to a record low of 2.25%, the likelihood of Sydney experiencing a housing ‘bubble’ has increased. With another interest rate cut anticipated in the coming months, Sydney's housing market is predicted to increase by a possible 9-10% in 2015. The efforts of the Reserve Bank to try and stimulate the Australian economy may come at the expense of the Sydney housing market overheating. Sydney's rise has been on another level when compared to the rest of Australia. It’s prices have soared 33% since mid 2012 and are rising at 13% year on year, compared to the rest of the country at 23% and 8% year on year.
Every other state is flat at around 40%, but Sydney’s has suddenly shot up to 60%. Investors are borrowing like crazy and dominating Sydney real estate. It’s caution to note that a large proportion of these investors will drop out of the market when rates do increase, leaving a very large proportion of buyers exiting the Sydney market. Add to this the risk of surplus construction activity, and it’s no surprise that some commentators are predicting a price fall in Sydney property values when interest rates start to rise. As for now it doesn’t get any better than this if you are thinking of selling. Buyers are still highly motivated to secure a property in this market knowing that their interest repayments will be very low.
1st Quarter 2015 Statistics: Allambie Heights
Residential properties sold
10 Â
Properties for sale today
4 Â
Highest Sale Price
Median Sale Price
Number of realestate.com.au Internet views for Allambie Heights in February
$1.605m
$1.27m 10,115
Number of properties sold compared to this time last year & last quarter
35 Oct-Dec 2014
Number of properties sold
30
25
20 Jan-Mar 2014
15
10
5
0
Jan-Mar 2015
Properties Sold 1st Quarter 2015 3/33-35 Kentwell Road 2 bed 2 bath 2 car
36 Lyly Road 2 bed 1 bath
$781,000
$905,888
4/78 Allambie Road 3 bed 2 bath 3 car
13 Fishbourne Road 3 bed 2 bath 2 car
$1,100,000 569m2
$1,213,000
816m2
13 Lyly Road 3 bed 1 bath
2
car
813m2
60 Kentwell Road 3 bed 1 bath 1 car
771m2
$1,225,000
26 Southern Cross Way 3 bed 1 bath 1 car
658m2
$1,360,000
$1,315,000
$1,400,000
car
$- Not Disclosed
67 Binalong Avenue 5 bed 2 bath 2 car
27 Lyly Road 5 bed 3 bath
2
2
car
900m2
56 Smith Avenue 4 bed 2 bath
2
car
478m2
$1,605,000
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 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.
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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 for achieving 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 0450165 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 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.
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Simon Smith
Head of Marketing
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Business Development Manager
Office
02 9905 3883
Mobile 0418 479 738 Email
tonyq@oneagency.com.au
Web
tonyquattroville.com.au