Welcome Happy new year and welcome to our first newsletter for 2016. We are looking forward to another exciting year and would love to assist you with any of your property needs. My team and I are always available for a chat about the market and provide an appraisal if desired.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market Strong early sales indicate the new year has brought new strength to the residential market in Gladesville, Putney, Tennyson Point and Ryde. In late 2015, there was a spike in the number of homes listed for sale across Sydney and our area was no exception. This resulted in slightly softer prices and lower auction clearance rates. This year, our local market has returned to low supply and we’re seeing big numbers at opens and solid buyer competition for our clients’ homes. We sold 33 Prince Edward Street, Gladesville prior to the first open for $1.51M to a buyer originally looking in Lane Cove. Our relationship with their buyers’ agent resulted in them exchanging within 24 hours for a price above our
vendor’s expectations. We welcomed 42 groups at the first open for 35 Aitchandar Road, Ryde and we sold it within a few days for $2.575M. Sydney house prices continued to rise in January, with RP Data statistics showing a 0.7% gain in the median house price for the month. If you are interested in selling, we recommend you begin the process now. Easter is early this year on March 25-28 and the school holidays are April 9-25. To avoid these market disruptions, please call me on 0411 508 890 for a free no-obligation appraisal and discussion on the best timing for your particular property campaign.
A Word From John McGrath In the quiet period after a boom, many people begin lamenting that they didn’t purchase back when the market was soft. And it’s totally understandable. After all, Sydney property values have risen by almost 50% since mid-2012. So if you purchased a property in 2011 for say, $600,000, your property would be worth about $900,000 now. That’s fantastic news for people who owned property before the boom but for those who missed the opportunity to buy before the growth, it’s just painful. If you’re not looking to buy or sell, there is still opportunity for you this year in the form
of interest rates. Any home owner who hasn’t seriously looked at how they can leverage continuing low rates is missing a major opportunity for wealth creation. Look at what your repayments are today. Realistically at some point down the track when the economy has improved, rates
will have risen from the 4-5% band today back to the more normal 7-8% band in the years ahead. Trust me, when we’re at 8% you’re going to look back on 2016 and wish you’d done something more to leverage rock bottom interest rates.
We Love Community – Gladesville Ravens
Did You Know? Donald Trump has filed for corporate bankruptcy four times.
Started over 50 years ago, the Gladesville Ravens is a vibrant sporting club run by volunteers, offering men’s, women’s, junior and senior football as well a junior and senior netball throughout the Gladesville, Hunters Hill and Ryde areas.
The time has come to register for the 2016 soccer season! If you intend playing this year, registrations are open via the Gladesville Ravens website: gladesvilleravens.com
The best recruiter in the local community has always been you. So it’s time to follow up on any conversations you’ve had on the school playground, at social and other sporting events, to recruit players for the Gladesville Ravens Sports Club. We hope you can join us for another great season in 2016.
Our Recent Sales
18 Phillip Road, Putney $3.25M
35 Aitchandar Road, Ryde $2.575M
19 Diggers Avenue, Gladesville $1.675M
33 Prince Edward Street, Gladesville $1.51M
We Love Awash Carcare and Cafe Awash Carcare and cafÊ is the one- stop- shop for all of your car care needs. Whether you need a simple car wash, full detail, car accessories or someone to sell your vehicle, Awash will service all of these needs under the one roof with the utmost professionalism and exceptional customer service. Catering for everyone; from local businessmen accessing the free wireless internet technology, locals enjoying their rustic Italian inspired lunch, children playing on the play equipment within the dedicated kid’s area, to customers sitting back reading the paper as they wait for their car care service. awash.com.au
35 Batemans Road, Gladesville $2.195M
85B Western Crescent, Gladesville $1.36M
Recent Sales – Gladesville, Tennyson Point & Putney (1 Nov 2015 – 31 Jan 2016) Address
Date
Price
33 Prince Edward Street, Gladesville
20 Jan
$1.51M
302 Morrison Road, Putney
16 Dec
$2.55M
2 Amiens Street, Gladesville
12 Dec
$2.89M
37 Brereton Street, Gladesville
12 Dec
$1.63M
37 Swan Street, Gladesville
09 Dec
$1.62M
1 Pelican Street, Gladesville
05 Dec
$1.77M
85B Western Crescent, Gladesville
05 Dec
$1.36M
5 Hepburn Avenue, Gladesville
04 Dec
$1.43M
1 Mitchell Street, Putney
02 Dec
$1.5M
35 Batemans Road, Gladesville
01 Dec
$2.195M
21 Waterview Street, Putney
01 Dec
$1.99M
19 Diggers Avenue, Gladesville
28 Nov
$1.675M
23 Thompson Street, Gladesville
28 Nov
$1.38M
31 High Street, Gladesville
28 Nov
$1.5M
61A Wharf Road, Gladesville
28 Nov
$3.71M
63 Tennyson Road, Gladesville
24 Nov
$1.31M
141A Tennyson Road, Tennyson Point
21 Nov
$5.905M
18 Phillip Road, Putney
19 Nov
$3.25M
56 Champion Road, Tennyson Point
18 Nov
$2.99M
31 Tennyson Road, Gladesville
14 Nov
$2.15M
218 Morrison Road, Putney
14 Nov
$1.278M
23 Osborne Avenue, Putney
14 Nov
$1.5M
92 Pittwater Road, Gladesville
14 Nov
$2.036M
26 Cowell Street, Gladesville
14 Nov
$1.405M
69 Eltham Street, Gladesville
07 Nov
$2.525M
30 Warner Street, Gladesville
07 Nov
$1.3M
108 Western Crescent, Gladesville
07 Nov
Confidential
Note: Sales highlighted sold by John Paranchi and the team at McGrath showing a 30% Market Share. No Strata title included. Information provided by Australian Property Monitors based on exchanged sales, its accuracy cannot be guaranteed. Parties should rely on their own enquiries. McGrath will not be liable for any error or admissions here in.
Case Studies 35 Batemans Road, Gladesville
4 Bed, 2 Bath, 2 Car Sold: $2.195M Sale Date: 1st Dec 2015 Sale Method: Private Treaty Days on Market: 3 Buyer Origin: Gladesville Contracts Issued: 1 Land Size: 746sqm
19 Diggers Avenue, Gladesville
3 Bed, 2 Bath, 2 Car Sold: $1.675M Sale Date: 28th Nov 2015 Sale Method: Auction Days on Market: 25 Buyer Origin: Gladesville Contracts Issued: 15 Land Size: 499sqm
Raving Fans “John and his team provided a very slick and professional package for the marketing and selling of our home. His knowledge of the local market was excellent and he was contactable and responsive to all our questions during the campaign. This culminated in a very good result for us. I could highly recommend John.� James and Lucinda 18 Phillip Road, Putney