TERRIGAL EDITION
EOFY 2021 Market Review Tony Pilon & Jamie Goddard
A word from Tony & Jamie The last 12 months will go down in the history books as a moment in time that will have redefined forever how we live and work. We doubt anyone could’ve predicted how our local property market would rally into one of our strongest yet. So, what is actually happening out there? Essentially, it comes down to the simple economic equation of supply and demand. There is currently a record low number of available properties for sale through Terrigal and its surrounds, and levels of buyer inquiry continue to remain high. The low number of available properties for sale is the direct outcome of seller uncertainty over the last twelve months. So, unless potential sellers have a pressing need to sell, most have held on to their property and chosen to ride the wave. The notable increase in buyer demand has been driven mainly by historically low interest rates. Buyers are using this opportunity to take advantage of borrowing cheap money to upsize (our largest buying demographic), or for first home buyers, just to get into the property market.
Couple that with an increased appetite for lifestyle changes from our Sydney neighbours, property enquiry is as strong as we have seen for over a decade. Whilst no one can look into a crystal ball and predict the future, we believe strong market conditions will continue for the next 6-12 months (if not longer). The speed of market growth may slow as more sellers decide to take advantage of these conditions; however, all the fundamentals indicate further growth in our local property market. We anticipate a strong spring season with high levels of buyer enquiry and stock levels remaining low, now is an excellent time to take the step forward on your property journey. If youre considering making a move, talk to us today about how we can help you achieve the best possible price in the current market.
Terrigal statistics
$5,000,000 $1,050,000 523 36
Highest sale price
Average sale price
Number of properties sold
Average days on the market
388
Properties for rent
$650 per week
Average rental price
H A B C D E RPData
Recent sales in Terrigal - McGrath Central Coast No
Address
Bed Bath Car
Date
Price
_______________________________________________________________________________________________________________________________________________________________________
1
1/4 Golden Grove Circuit, Terrigal
3
2
2
04.12.20
$785k
_______________________________________________________________________________________________________________________________________________________________________
2
44 Salisbury Drive, Terrigal
4
2
2
04.12.20
$1.04m
_______________________________________________________________________________________________________________________________________________________________________
3
49/2 Brunswick Road, Terrigal
3
2
3
19.02.21
$1.1m
_______________________________________________________________________________________________________________________________________________________________________
4
7 Arnold Crescent, Terrigal
5
3
4
22.02.21
$1.375m
_______________________________________________________________________________________________________________________________________________________________________
5
14 Sonny Crescent, Terrigal
4
2
3
20.03.21
$1.65m
_______________________________________________________________________________________________________________________________________________________________________
6
108 Willoughby Road, Terrigal
4
2
1
10.04.21
$1.38m
_______________________________________________________________________________________________________________________________________________________________________
7
103 Willoughby Road, Terrigal
4
2
2
24.05.21
$1.325m
_______________________________________________________________________________________________________________________________________________________________________
8
3/15 Auld Street, Terrigal
2
1
1
07.04.21
$715k
_______________________________________________________________________________________________________________________________________________________________________
9
2/47 Wilson Road, Terrigal
4
2
2
09.03.21
$912k
_______________________________________________________________________________________________________________________________________________________________________
10
23 Cottee Crescent, Terrigal
4
3
2
12.11.20
$1.94m
_______________________________________________________________________________________________________________________________________________________________________
11
208/156B Terrigal Drive, Terrigal
2
2
2
15.05.21
ND
_______________________________________________________________________________________________________________________________________________________________________
12
118 Hastings Road, Terrigal
4
3
2
28.11. 20
$1.65m
_______________________________________________________________________________________________________________________________________________________________________
13
47-49 Kurrawyba Avenue, Terrigal
4
3
2
23.04.21
$2.505m
_______________________________________________________________________________________________________________________________________________________________________
14
2/24 Maroomba Road, Terrigal
3
2
1
24.04.21
$1.337m
_______________________________________________________________________________________________________________________________________________________________________
15
119 Hastings Road, Terrigal
5
5
2
02.12.20
$5m
_______________________________________________________________________________________________________________________________________________________________________
16
24 Cheryl Avenue, Terrigal
4
3
2
29.10.20
$950k
_______________________________________________________________________________________________________________________________________________________________________
17
12 Cotswolds Close, Terrigal
4
2
2
29.10.20
$1.02m
_______________________________________________________________________________________________________________________________________________________________________
18
16 Trevally Close, Terrigal
4
3
1
09.09.20
$940k
_______________________________________________________________________________________________________________________________________________________________________
19
3/47 Wilson Road, Terrigal
3
3
2
04.03.21
$880k
_______________________________________________________________________________________________________________________________________________________________________
20
2/38 Campbell Crescent, Terrigal
1
1
1
25.03.21
$950k
_______________________________________________________________________________________________________________________________________________________________________
RPData
Recent sales in Terrigal - McGrath Central Coast No
Address
Bed Bath Car
Date
Price
_______________________________________________________________________________________________________________________________________________________________________
21
603/6 Pine Tree Lane, Terrigal
3
3
2
02.10.20
ND
_______________________________________________________________________________________________________________________________________________________________________
22
6 Scarborough Court, Terrigal
4
3
3
17.04.21
$1.47m
_______________________________________________________________________________________________________________________________________________________________________
23
121A Willoughby Road, Terrigal
4
3
2
18.12.20
$1.355m
_______________________________________________________________________________________________________________________________________________________________________
24
4/2 Brunswick Road, Terrigal
3
2
2
09.03.21
$1.072m
_______________________________________________________________________________________________________________________________________________________________________
25
47 Willoughby Road, Terrigal
4
3
2
30.03.21
$2.3m
_______________________________________________________________________________________________________________________________________________________________________
26
1/5 Glen View Crescent, Terrigal
3
2
2
14.12.20
$3.2m
_______________________________________________________________________________________________________________________________________________________________________
27
2/5 Glen View Crescent, Terrigal
3
3
2
22.12.20
$2.85m
_______________________________________________________________________________________________________________________________________________________________________
28
5 Scarborough Court, Terrigal
5
3
2
03.02.21
$1.22m
_______________________________________________________________________________________________________________________________________________________________________
29
6/2 Brunswick Road, Terrigal
3
2
2
21.09.20
$990k
_______________________________________________________________________________________________________________________________________________________________________
30
203/156B Terrigal Drive, Terrigal
2
2
2
28/05/21
$1.1m
_______________________________________________________________________________________________________________________________________________________________________
31
37/41 Terrigal Drive, Terrigal
4
3
2
24/12/20
$1.25m
_______________________________________________________________________________________________________________________________________________________________________
32
31 Hillcrest Street, Terrigal
4
2
1
21.07.20
$1.15m
_______________________________________________________________________________________________________________________________________________________________________
33
6/284 Terrigal Drive, Terrigal
5
3
2
08.03.21
$1m
_______________________________________________________________________________________________________________________________________________________________________
34
71 Terrigal Drive, Terrigal
4
1
0
11.02.21
$821k
_______________________________________________________________________________________________________________________________________________________________________
35
40 Beaufort Road, Terrigal
3
1
2
02.04.21
$1m
_______________________________________________________________________________________________________________________________________________________________________
36
18 Miller Road, Terrigal
4
3
3
23.12.20
$1.76m
_______________________________________________________________________________________________________________________________________________________________________
37
302/10 Pine Tree Lane, Terrigal
3
3
2
03.03.21
$2.36m
_______________________________________________________________________________________________________________________________________________________________________
38
506/156 Terrigal Drive, Terrigal
2
2
2
14.09.20
$920k
_______________________________________________________________________________________________________________________________________________________________________
39
19 John Gray Close, Terrigal
5
4
2
11.06.21
ND
_______________________________________________________________________________________________________________________________________________________________________
40
15 Anniversary Avenue, Terrigal
3
2
2
25.06.21
$1.18m
_______________________________________________________________________________________________________________________________________________________________________
RPData
A selection of recent sales
19 John Gray Cl, Terrigal Sold Street Record
23 Cottee Cres, Terrigal Sold Street Record
6 Scarborough Crt, Terrigal Sold Street Record
22 Farrand Cres, Terrigal Sold Street Record
6 Windemere Dr, Terrigal Sold Street Record
5/15 Painters Lne, Terrigal Sold Street Record
6/2 Brunswick Rd, Terrigal Sold $990k
5 Scarborough Crt, Terrigal Sold $2.22m
103 Willoughby Rd, Terrigal Sold $1.325m
7 Arnold Cres, Terrigal Sold $1.375m
108 Willoughby Rd, Terrigal Sold $1.38m
1/5 Glen View Cres, Terrigal Sold $3.2m
2/47 Wilson Rd, Terrigal Sold $912k
302/10 Pine Tree Lne, Terrigal Sold $2.36m
16 Trevally Cl, Terrigal Sold $940k
Why McGrath Central Coast
1,105
Number of properties sold in FY21
$1.26b
Total value of properties sold in FY21
$1.14m 86% 459
50 6
Our average sale price
Auction clearance rate
Over $1m sales of properties sold in FY21
Highly experienced McGrath team members
Number of offices
B A B
F A C D re
Tony Pilon 0438 854 897 4384 0217 tonypilon@mcgrath.com.au
Jamie Goddard 0404 478 076 4384 0218 jamiegoddard@mcgrath.com.au