SUMMERLAND POINT A EDITION
MITCHELL THOMAS
19 Gordon Avenue, Summerland Point Sold $1.1m
3 Beds 2 Baths 2 Cars
As a resident of the local region, he knows the area intimately and in particular what it offers prospective homebuyers, with its community vibe, unbeatable convenience and close proximity to beautiful beaches, bushland and lakes. Mitchell Thomas' passion for the area and immense local insight make him the ideal person to contact regarding your next sale or purchase.
Mitchell Thomas Summerland Point specialist mitchellthomas@mcgrath.com.au 0400 822 769
A selection of my recent sales
41 Kullaroo Rd, Summerland Point Sold $1.578m
109 Yeramba Rd, Summerland Point Sold $1.15m
50a Gordon Ave, Summerland Point Sold $890k
14 Nirringa Rd, Summerland Point Sold $890k
4a Cams Blvd, Summerland Point Sold $730k
41 Warrina Ave, Summerland Point Sold $680k
Recent sales in Summerland Point No
Address
Bed
Bath
Car
Date
Price
215
Cams Boulevard
4
3
2
19.02.21
$3.05m
210
Cams Boulevard
3
2
2
26.06.21
$1.62m
41
Kullaroo Road
3
2
2
2.06.21
$1.578m
105
Yeramba Road
5
2
7
9.04.21
$1.42m
109
Yeramba Road
5
2
7
8.06.21
$1.15m
45
Kullaroo Road
2
1
2
18.04.21
$1.14m
19
Gordon Avenue
3
2
2
16.07.21
$1.1m
99
Kullaroo Road
2
1
2
24.06.21
$1.05m
23
Omega Avenue
5
3
3
31.03.21
$961k
16
Omega Avenue
4
2
2
2.03.21
$910k
50a
Gordon Avenue
5
3
3
15.03.21
$890k
14
Nirringa Road
3
2
4
24.06.21
$890k
17
Gordon Avenue
3
2
2
12.02.21
$861k
26
Tradwinds Avenue
4
2
4
30.03.21
$860k
Regatta Way
4
2
2
17.07.21
$760k
43
Summerland Road
4
2
2
30.07.21
$740k
4a
Cams Boulevard
4
2
2
8.06.21
$730k
41
Warrina Avenue
4
2
3
12.03.21
$680k
7
Ginganup Road
4
3
4
23.04.21
$663k
11
Anembo Avenue
3
2
1
4.05.21
$662k
18
Warrina Avenue
2
1
2
14.04.21
$660k
30
Murrumbong Road
4
1
2
20.07.21
$630k
4
Murrumbong Road
3
1
1
17.05.21
$628k
17
Cams Boulevard
3
1
3
23.03.21
$620k
33
Cams Boulevard
3
1
4
24.02.21
$620k
7
Source: RP Data
A Word From John McGrath
A word from Mitchell Thomas
Whilst the doomsayers will tell you that Australia’s property market is in a frenzy, with house prices growing to unsustainable and unaffordable levels, we’re not the only country experiencing a COVID-inspired boom and we’re nowhere near the top in terms of property price growth.
John McGrath has highlighted why prices in area's such as the Central Coast have continued to climb throughout 2021.
Global house prices have been surging since late 2020, with the intense buying activity seen here in Australia replicated all over the world due to historically low interest rates, the search for more space and the vaccine roll-out inspiring rising confidence amongst buyers, sellers and investors. The search for more space is a strong driving trend in the global boom. It is led by buyers who can now work from home and are leaving inner cities for outskirt suburbs or regional areas. Traditionally, the vast majority of immigrants investing into Australia have focused on Sydney and Melbourne but due to lifestyle and workplace changes post-COVID, we should see a wider spread of investment, in particular towards regional locations. Kind Regards, John McGrath
We have been experiencing more buyers from Sydney looking to purchase within communities like Summerland Point and Lake Macquarie than previous years. Majority of these purchasers are keeping their homes in the City and purchasing their second houses as either holiday homes, investments or for future retirement. With property prices continuing to surge and interest rates to remain at an all time low, we are seeing no slow down with the current demand for Summerland Point. With prices expected to rise, the fear of missing out is evident within the market place. We are finding buyers are prepared to pay what they need to, if not more, in order to secure the right home for them. We will most likely never see or experience another period of time like this within the Australian housing market. A serious thought to consider if you are planning on relocating, down-sizing or wanting to take advantage of current price levels. Kind Regards, Mitch Thomas