TERRIGAL EDITION
EOFY 2021 Market Report Kerryn Meredith
A word from Kerryn Meredith 2020 will go down in the history books as a moment in time that will have redefined how we live and work. Fast forward into 2021, I doubt anyone could’ve predicted how our local property market has rallied 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 2260 and surrounds, and buyer activity has nearly doubled since 2019. The low number of available properties for sale is the direct outcome of seller uncertainty over the last twelve months. The usual number of potential vendors either didn’t purchase a property to downsize or upsize into through 2020, or simply didn’t action pre-sale preparation and consideration during this time as most assumed it would be a bad time to sell. Then, combine that with a pent-up supply of downsizing vendors, due to the lack of development catering for empty-nesters and downsizers. Current market activity will also see an upswing in median price, and therefore capital growth.
So, unless potential sellers have a pressing need to sell, most will opt to hold and 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 southern state neighbours, property enquiry is as strong as I have seen for over a decade. If you are thinking of selling or would like an updated market estimate, please contact me. We’d love you to experience the McGrath advantage.
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
Client Testimonials “It was a pleasure to have Kerryn Meridith sell our house in Terrigal. It was a tough decision to sell our much loved home and down size , but on a recommendation of a friend we chose Kerryn which turned out to be the best choice by far. Kerryn is an honest, friendly and compassionate person and very professional in the selling process which we greatly appreciated. Kerryn kept us well informed with phone calls and updates and the sale was a street record which delighted us no end.” Vendor - Havenview Road
“Kerryn's commitment to selling my house and achieving a great result was at a premium level. Her dedication to the job, knowledge of the industry and professionalism was at an extremely high level at all times. Being an owner in another state was difficult however she kept me informed and I felt completely comfortable and supported every step of the way. It was also nice to deal with a real person who was genuine and transparent throughout the process.” Vendor - Jirramba Avenue
“Kerryn was very Professional at all times and kept me informed with what was going on. Kerry was quick to get back to me and positive through all stages of the process. I am happy with my choice of Agent and would not hesitate to recommend her to anyone wanting to sell their property.” Vendor - Cottee Crescent
“Kerryn has a great understanding of the real estate market,Kerryn is professional,personable and trustworthy.It has been our experience working with Kerryn in the sale of our property that no one else could have done a better job,we were very impressed.” Vendor - Wordsworth Avenue
“It was a pleasure working with Kerryn. She has a calm, stable demeanour which we found essential during an emotional challenging time. I can highly recommend her services for selling a property.” Vendor - North Avoca
“Kerryn worked out the best plan for us with her great market knowledge and superior negotiation skills. With her quick actions and excellent organisation, Kerryn oversaw the whole sale process in the most efficient way. She had a precise view of the property and maximised the true value of it.” Vendor - Anniversary Avenue
“Excellent knowledge of the market. Great negotiator and was able to achieve an excellent result. Communicated well, and presented as a very kind, sincere person. Went beyond what we expected in terms of effort and time given to our sale.” Vendor - Scarborugh Road
“You can trust Kerryn with your house. She will work hard to get her clients the best price. Kerryn will look after your interests, do a brilliant job and always give you the right information. Clients are kept totally in the loop and you know you are in good hands. We found Kerryn to be honest and trustworthy. She is a real partner in the selling process, who works cooperatively with her clients. We were delighted that Kerryn achieved a street record price for our house.” Vendor - John Gray Close
Kerryn Meredith 0413 276 776 4384 0238 kerrynmeredith@mcgrath.com.au