Spring 2017 The Abbotsford Report

THE ABBOTSFORD REPORT Spring

Properties Sold 1st September - 30th November 2017

Welcome Welcome to our Spring 2017 edition of the The Abbotsford Report where we will take a look at the seasonal period of September, October and November. On the whole a number of trends started to emerge as a result of the cooling Sydney property market.

We saw a spike in the number of listings available due to vendors seeing that the market has peaked and wanting to sell for maximum value while they can. In addition to this, demand has waned and buyers are certainly more selective – they have a bit more choice and don’t want to pay a premium in a slowing market. Buyers are no longer rushing in.

Some key factors to Sydney’s cooling market include increased supply, affordability constraints, higher interest rates independent of the RBA, and APRA-led restrictions on investor borrowings.

Tighter lending conditions is fundamentally changing the landscape for borrowers. Following a five-year boom, Sydney is stabilising and retuning to what you might call a ‘normal’ market.

In terms of price, Core Logic reported a 1.3 per cent reduction in property values over the last quarter — September to November. This is the greatest decline over a three-month period since May 2016. Research group CoreLogic reveals the peak was likely reached in July 2017, which was the last month to record a rise in values. Subsequent months recorded either prices falls or flat activity.

Despite a softening market, Sydney continues to offer one of the most appealing lifestyles of any city on the Asia-Pacific rim and is undergoing tremendous change. Crucial infrastructure for our future is underway which is exciting and will undoubtedly have an affect on the property market.

Interesting times ahead!

Thank you for tuning in.

Cameron Nicholls m 0421 733 118 p 02 9713 7433 e cameron@nichollsandco.com.au

NICHOLLSANDCO.COM.AU

SPRING QUARTER ABBOTSFORD STATISTICS PROPERTIES SOLD Percentage Of Property Types Sold

Property Types Sold

23%

7

22 77% HOUSES

3

Suburb Overview

29 11

AVERAGE NUMBER OF BEDROOMS IN HOUSES SOLD

PROPERTIES SOLD IN AREA

PROPERTIES FOR SALE IN AREA

Spring Quarter Median House Sale Price

$800,000

$2,152,000

$4,100,000

$1,950,000

$9,500,000

Highest/Lowest Sales

HOUSE SALES

UNITS

Spring Quarter Median Unit Sale Price

$885,000

UNIT SALES

NICHOLLSANDCO.COM.AU

ABBOTSFORD

ABBOTSFORD

2

4

10/11 Abbotsford Parade

1

1

609 Great North Road

2

2

545m2 land

$800,000

Not Disclosed

ABBOTSFORD

ABBOTSFORD

1

3

10/15 Abbotsford Parade

1

1

126 Hampden Road

2

1

409m land 2

Not Disclosed

$1,950,000

ABBOTSFORD

ABBOTSFORD

5

2

53 Abbotsford Parade

3

2

1,059m land

8/156 Hampden Road

1

2

2

$9,500,000

$860,000

ABBOTSFORD

ABBOTSFORD

3

2

22 Altona Street

2

2

491m2 land

20/156 Hampden Road

1

2

$2,300,000

Not Disclosed

ABBOTSFORD

ABBOTSFORD

3

2

23/1 Blackwall Point Road

2

2

3/168-172 Hampden Road

1

1

$1,650,000

Not Disclosed

ABBOTSFORD

ABBOTSFORD

3

2

50 Blackwall Point Road

1

1

16/168-172 Hampden Road

1

2

$2,050,000

Not Disclosed

ABBOTSFORD

ABBOTSFORD

3

2

28 Curtin Avenue

1

2

8/178 Hampden Road

1

1

516m2 land

$2,152,000

$810,000

ABBOTSFORD

ABBOTSFORD

3

2

24/1 Figtree Avenue

2

2

Not Disclosed

NICHOLLSANDCO.COM.AU

33/178-180 Hampden Road

1

$810,000

1

ABBOTSFORD

ABBOTSFORD

3

2

12/1 Harbourview Crescent

2

2

8/1 Rokeby Road

1

1

$2,214,000

$860,000

ABBOTSFORD

ABBOTSFORD

3

2

26/1 Harbourview Crescent

2

2

1/17 Rokeby Road

1

2

Not Disclosed

$910,000

ABBOTSFORD

ABBOTSFORD

3

2

8/3 Harbourview Crescent

2

2

5/46 St Albans Street

1

2

Not Disclosed

$1,180,000

ABBOTSFORD

ABBOTSFORD

3

3

47/3 Harbourview Crescent

2

4

10 Tyler Crescent

1

2

544m2 land

Not Disclosed

$1,635,000 ABBOTSFORD

ABBOTSFORD

2

3

6/2 Montrose Road

1

1

2/6 Walton Crescent

3

2

Not Disclosed

$4,100,000

ABBOTSFORD

ABBOTSFORD

2

3

4/14 Montrose Road

1

1

Not Disclosed

4/59 Walton Crescent

2

2

Not Disclosed

ABBOTSFORD

4/2 Poolman Street

1

1

1

703m2 land

$750,050

Information about this report: We (the agent/cy) have endeavoured to show a selection of sales reported by all agents & individuals as listed on publicly available sources for the mentioned period. We believe this information to be accurate, whilst all care has been taken, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of this document. Individuals are directed to rely on their own enquiries. Please disregard this publication if your property is exclusively listed with anotheragent.

Properties displayed are only those which have been publicly listed and sold by multiple agents/cies in the area. We advise you seek independent advice on your area statistics if you are thinking of buying or selling.

NICHOLLSANDCO.COM.AU

#myabbotsford

Abbotsford Ferry Wharf

The Quarantine Reserve, Abbotsford

Battersea Park, Abbotsford

The Cove Dining Co, Abbotsford

Sydney Rowing Club, Abbotsford

Local resident, Oscar the bulldog

Quarantine Reserve waterfront, Abbotsford

Abbotsford Boat Shed

If you are as passionate about our beautiful suburb as we are, follow us on Instagram @nichollsandco to see more stunning local imagery of #myabbotsford

NICHOLLSANDCO.COM.AU

MERRY CHRISTMAS What a year it has been for Nicholls & Co! We sincerely thank you for your loyal support.

We would like to extend the warmest Christmas wishes and hope you have a safe and happy holiday season.

May 2018 be bright. We look forward to the year ahead!

NICHOLLSANDCO.COM.AU

What’s my

home worth

in this market?

If you are interested in understanding the value of your home and would like a realistic opinion we would be more than happy to discuss this with you.

Simply email cameron@nichollsandco.com.au to set up a meeting or feel free to call me on 0421 733 118.

Cameron Nicholls m 0421 733 118 p 02 9713 7433

e cameron@nichollsandco.com.au

Nicholls & Co Estate Agents

1/569 Great North Rd, Abbotsford NSW 2046

p 02 9713 7433 e cameron@nichollsandco.com.au w www.nichollsandco.com.au