Adrian Venturi – Bilgola Plateau Market Report 2018

BILGOLA PLATEAU EDITION

Bilgola Plateau Market Report 2018 Adrian Venturi

A word from Adrian Venturi The tail end of 2017 produced some concerning results in the general Sydney market, including a dropping Sydney auction clearance rate and an increase in Vendor discounts.

During the first six months of 2018, the Bilgola Plateau market has proved to out-perform a number Sydney suburbs and there have been several examples of street records, record bidders at auctions, off-market sales and large turnouts to opens.

The medium house price has performed well across the following suburbs during the past 12 months. Bilgola Plateau (5 %), Avalon Beach (5.9%) and Newport ( - 6.7%).

Bilgola Plateau’s medium house price has risen to $1,700,000.

The forecast for the next six months is likely to see an increase of properties coming to market and a slight shift in buyer sentiment. However, with such strong sales results, the Bilgola Plateau market is likely to continue to outperfrom the general Sydney market.

A selection of recent sales

27 Argyle Street Sold $1.235m

14 Algona Street Sold $1.25m

273 Lower Plateau Road Sold $1.35m

2 Algona Street Sold $1.4m

7 Bilga Avenue Sold confidential

349 Lower Plateau Road Sold $1.45m

8 Algona Street Sold $1.48m

154 Grandview Drive Sold $1.482m

108 Plateau Road Sold $1.5m

16 Algona Street Sold $1.5m

59 Argyle Street Sold $1.55m

18 Farview Road Sold $1.575m

A selection of recent sales

55 Kanimbla Crescent Sold $1.6m

3 Bilga Avenue Sold $1.63m

49 Raymond Road Sold $1.64m

10 Terama Street Sold $1.64m

45 Argyle Street Sold $1.645m

20 Terama Street Sold $1.76m

7 Mountview Place Sold $1.8m

48 Argyle Street Sold $1.86m

34 Bilwara Avenue Sold $2.2m

325 Lower Plateau Road Sold $2.399m

23 Wollombi Road Sold $2.425m

30 Loblay Crescent Sold $2.9m

Bilgola Plateau statistics

$1.7m 59 44

Medium Sale Price

Number of properties sold

Average days on the market

$940

Median Weekly Asking Rent

$4.310m $390k

Highest sale price

Lowest sale price

Source: RP Data 2018

Why Adrian Venturi

10 years 35

Number of properties sold in FY18

$55.8m $1.54m 39

Real estate industry experience

Total value of properties sold in FY18

Our average sale price

Our average days on the market

Percentage of properties sold in Bilgola Plateau • McGrath Avalon • Blake Property Avalon • Belle property Avalon • LJ Hooker Avalon • Shores Avalon • Wiseberry Mona Vale

Source: Domain 2018

2% 5% 7%

40%

10%

19% Source: Rate My Agent 2018

Client Testimonials “I have known Adrian for a number of years and like everyone in Bilgola and Avalon I am thrilled to have had his help. He really made this purchase of a lifetime happen for us. We are so glad he is our Real Estate agent. Not one person in the area comes close to his amazing local knowledge and professionalism.”

27 Argyle Street - Georgia

“We were very happy with Adrian and his team’s assistance in selling our property. Given our current prolonged stay overseas we had to do everything remotely and with a substantial time difference. So we really appreciated Adrian’s flexibility and quality service. “ 273 Lower Plateau Road - Chris & Romy

“Adrian exceeded our expectations in every aspect of the way he conducted himself and our campaign.

Adrian worked TIRELESSLY. He always left us with the feeling that he was working completely for the benefit of us and dealt with the inevitable hard conversations very competently and logically.

Adrian suprised us by NEVER pushing us to sell our property. The decision to sell was completely up to us. He lined up the buyers and gave us all the information we needed to make the right decision.

Adrian has an uncanny ability to know detailed information about almost every property in his patch. Mention any house, he’ll give you the address, the year(s) it was sold, how much it sold for. “ 23 Wollombi Road - Scott & Lisa

Adrian Venturi 0425Â 205Â 181 adrianventuri@mcgrath.com.au Travis Oughtred 0410 580 696 travisoughtred@mcgrath.com.au Rowena Woodworth 0412 601 647 rowenawoodworth@mcgrath.com.au