Welcome Fixed rate loans below 4% provide an incredible opportunity to make decisions today that could have a lasting positive effect on your future wealth. You might be surprised by your home’s value today and the new equity at hand, so please call us for a free noobligation appraisal.
The Local Market A critical shortage of quality homes for sale in our area has created a phenomenal window of opportunity for sellers today. People talk about record low interest rates having the biggest impact on property and of course they do have a positive effect. But low interest rates benefit every Australian market and right now Sydney is the only one booming, so there has to be other factors at play. One of them is unusually tight supply, which means more buyers are competing for fewer available homes. Interest rates won’t change quickly but supply can change virtually overnight.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
Remember the lesson of Spring 2014 when a flood of properties hit the market and clearance rates fell from
consistently above 80% to the low 70%-range purely due to the change in supply. I expect a similar experience this year so Winter is definitely the pick of the seasons to sell. Latest RP Data figures show Sydney’s median home values up 5.8% for the first quarter. The city also recorded its highest auction clearance rate ever on April 18 with 88% of 950 properties selling under the hammer. These astounding results indicate that Sydney is now at fever pitch. If you are considering selling, please call me for a free no-obligation appraisal on 0411 508 890.
A Word From John McGrath It’s already starting. The doubt, the fear, and often the decision to wait. It always happens in the later stages of a boom and it’s understandable – but waiting “til prices go down” is also a big mistake for buyers to make. While there’s plenty of eager buyers around in Sydney right now, we’re also starting to hear about buyers giving up, with the intention of waiting out the rest of the boom. We’ve had two consecutive years of almost 15% growth in Sydney, so it’s understandable that buyers might assume that growth that rapid has to end with a fall – that the mythical ‘bubble’ they keep reading about has to burst.
Turn your mindset around. If you buy now, you’re likely to enjoy some decent capital growth before the year is out. If you wait til next year, you’ll likely find that properties are more expensive – so even if prices do come back a bit at some point, you’ll probably end up paying something similar
to what you’d pay today and you’ll have missed out on capital growth. Ultimately, the best thing to do is buy as soon as you’re ready. It’s better to have more ‘time in the market’ than try to ‘time the market’.
We Love Community – Giant Steps
Did You Know? Warren Buffett is one of the richest men in the world and he still lives in the same house he bought in 1958. He paid $31,500 for it.
Giant Steps are hosting their Annual Emerald Ball on the 20th of June 2015. We are planning an extra special event this year to celebrate our 20th Anniversary! Our ball will be hosted by Tom Williams. Peppermint Jam, will have guests on the dance
floor throughout the night and The Leading Men will be putting on a show to remember. The Giant Steps Ball is one of the largest balls in Sydney with numbers consistently around the 1,000 guests mark.
With this year being our 20th Anniversary tickets are expected to be in high demand so get your tickets early to avoid missing out! giantstepsball.net.au
Our Recent Sales
13 Storey Street, Putney $2.3M
8 Buffalo Road, Gladesville $2.2M
28 Finch Avenue, East Ryde $2.05M
15 Bayview Street, Tennyson Point Confidential
64 Osgathorpe Road, Gladesville $1.638M
1 Searle Street, Ryde $1.43M
We Love Dolcini Café In the heart of Putney Village is Dolcini Café, your home away from home for nearly 10 years. Putney born-and-bred Guardala brothers, serve you delicious coffee, house made muffins and Italian inspired home style meals. Denise, their mother, bakes her great-grandmother’s moreish, gluten-free almond biscotti available onsite and distributed to many premium cafés throughout Sydney. Open 7 days for breakfast and lunch Dolcini Café is a regular stop for the early morning risers, as they brew their first coffee shortly after 5.00am. dolcini.com.au
Recent Sales Gladesville, Tennyson Point & Putney (1 March – 30 April 2015) Address
Date
Price
27 Cowell Street, Gladesville
3 Mar 15
$1.1M
11/10 Batemans Road, Gladesville
7 Mar 15
$1.19M
38 High Street, Gladesville
7 Mar 15
Confidential
1 Stansell Street, Gladesville
14 Mar 15
$2.85M
106 Charles Street, Putney
14 Mar 15
$1.77M
22 Osgathorpe Road, Gladesville
21 Mar 15
$1.475M
69A Western Crescent, Gladesville
21 Mar 15
$2.02M
2 Riverside Avenue, Putney
21 Mar 15
Confidential
13 Storey Street, Putney
27 Mar 15
$2.3M
48 Batemans Road, Gladesville
28 Mar 15
$2.001M
8 Buffalo Road, Gladesville
28 Mar 15
$2.2M
24 Osgathorpe Road, Gladesville
28 Mar 15
Confidential
64 Osgathorpe Road, Gladesville
28 Mar 15
$1.638M
37 Swan Street, Gladesville
28 Mar 15
$1.68M
145 Victoria Road, Gladesville
28 Mar 15
$1.1M
17 Beach Street, Tennyson Point
28 Mar 15
$2.81M
104 Champion Road, Tennyson Point
11 Apr 15
$1.825M
76 Pellisier Road, Putney
11 Apr 15
$2.825M
28 Phillip Road, Putney
11 Apr 15
$1.72M
7 Evan Street, Gladesville
18 Apr 15
$1.955M
16 Gannet Street, Gladesville
18 Apr 15
$1.745M
6 Watson Street, Putney
21 Apr 15
$1.65M
54 Monash Road, Gladesville
24 Apr 15
$1.63M
Gladesville FY14 Year to date house price comparison +17.70% $1.456M
126 $1.237M 74
+0.09%
FY13
FY14
Houses sold
FY13 FY14 Average price
FY13
FY14
Annual growth
Note: No Units 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 8 Buffalo Road, Gladesville
4 Bed, 3 Bath, 2 Car Sold: $2.2M Sale Date: 28th March 2015 Sale Method: Auction Days on Market: 30 Buyer Origin: Ryde Registered Bidders: 16 Contracts Issued: 41 Land Size: 752sqm
64 Osgathorpe Road, Gladesville
3 Bed, 2 Bath, 1 Car Sold: $1.638M Sale Date: 28th March 2015 Sale Method: Auction Days on Market: 30 Buyer Origin: Gladesville Registered Bidders: 9 Contracts Issued: 25 Land Size: 670sqm
Raving Fans “John Paranchi and his team made the experience of selling our home a very good one. From day one to after the sale of our home we have been serviced with the upmost professionalism, always on time, polite, honest, proactive, always kept us up to date with the great marketing tools at their disposal, and overall friendly people who take pride in what they do.� Alan & Mariam Buffalo Road, Gladesville