Peter Chauncy Naremburn Report FY 19/20

NAREMBURN EDITION

Naremburn Report FY19/20 Peter Chauncy

A word from Peter Chauncy While many things have been very different in our lives the last 12 months, we are pleased to share our 2019-2020 financial year sales figures varied only slightly compared to the previous year. With a total of 43 sales for the house market and 48 sales across the townhouse and apartments sector, we saw an increase in the average property sale price from $2.19m to $2.35m for houses and $1.16m to $1.25m for townhouses and apartments. Naremburn had some new records set this year including a suburb record with the sale of 28 Rhodes Avenue for $4.96m. McGrath also achieved five records for the suburb, including the highest sale price for 1, 2 and 3 bedroom apartments. My team also achieved the year´s highest sale price both for a semi detached home and a townhouse.

Despite some unfavourable predictions for the property market during the first six months of the year as a result of COVID-19, and the consequential suspension of open houses and on-site auctions, the team and I maintained momentum in the Naremburn area with a market share of 75% for houses and 58% for townhouses and apartments.

We received some high accolades throughout the year with our team ranking number 1 out of the entire McGrath network for the financial year. After 16 years with the company, I was also extremely honoured to be awarded the Founders Award for 2019 at the annual McGrath Awards.

We are also proud to have continued our association with the Naremburn Community Gardens and Willoughby Community Preschool and look forward to continuing working alongside them next year.

Recent months of course have seen buyers experience a level of uncertainty, but the market continues to perform exceptionally well, and we anticipate a strong spring season.

We have received a lot of buyer enquiry and with stock levels remaining low, now is an excellent time to take the step forward on your property journey. If you´re considering making a move, talk to us today about how we can achieve the best possible price in the current market.

Naremburn Sales Financial Year 2019-2020 Address

Bed

Bath

Car

Sale date

Sale price

Agent

28 Rhodes Ave

6

3

2

21/2/20

$4,960,000

Avnu

29 Grafton Ave

5

3

2

9/3/20

$4,520,000

The Agency

14 Central St

5

2

1

21/2/20

$2,979,000

McGrath

8 Grandview St

4

2

2

19/12/19

$2,900,000

McGrath

3 Bongalong St

4

2

0

28/11/19

$2,900,000

McGrath

25 Mitchell St

3

2

1

3/2/20

$2,750,000

McGrath

16 Hamilton Ave

4

3

2

2/4/20

$2,715,000

McGrath

254 Willoughby Rd

4

2

1

22/2/20

$2,685,000

McGrath

118 Northcote St

4

2

1

13/9/19

$2,600,000

McGrath

27 Dalleys Rd

3

2

1

17/8/19

$2,540,000

Shore Partners

69 Northcote St

4

2

0

29/1/20

$2,530,000

McGrath

4 Rhodes Ave

4

3

1

1/10/19

$2,520,000

McGrath

51 Station St

3

2

2

9/12/19

$2,515,000

McGrath

20a Garland Rd

3

2

2

16/4/20

$2,510,000

McGrath

24 Garland Rd

3

2

1

2/11/19

$2,407,000

McGrath

10 McBurney St

5

3

1

16/11/19

$2,400,000

Hockeys

43a Park Rd

3

2

1

21/9/19

$2,375,000

McGrath

9 Dargan St

3

1

1

20/4/20

$2,300,000

McGrath

71 Northcote St

3

1

0

5/12/19

$2,280,000

McGrath

33 Market St

3

2

2

27/9/19

$2,250,000

McGrath

6 Oxley St

2

1

1

29/10/19

$2,175,000

McGrath

12 Dawson St

2

1

0

29/10/19

$2,150,000

McGrath

44 Market St

3

2

2

11/9/19

$2,120,000

McGrath

70 Northcote St

3

1

0

12/10/19

$2,120,000

Ray White Willoughby

7/51-55 Garland Rd

3

2

2

13/6/20

$2,100,000

McGrath

5 Station St

3

1

0

3/6/20

$2,085,000

McGrath

4 Dawson St

3

2

2

25/6/20

$2,070,000

Di Jones

6/252 Willoughby Rd

4

2

2

6/12/19

$2,062,000

Belle Property Neutral Bay

51 Dalleys Rd

3

2

2

13/9/19

$2,055,000

Belle Property Neutral Bay

22 Martin St

3

1

1

22/10/19

$2,050,000

McGrath

Source: Pricefinder.

Recently sold

3 Bongalong Street, Naremburn

Client Testimonials “We recently sold our property during the COVID 19 lockdowns, we are Aussies living in Singapore and had intended to get back to Australia to get the property ready for sale but restrictions put a stop to that. Peter and the team just took over and managed everything in getting it ready for sale in a week. It was a tough time to sell property but Peter and the team did everything they could to help us achieve the best price and his communication on the progress was exemplary. We have now been involved in three property transactions with Peter and highly recommend him as agent irrespective if you are a buyer or a seller.”

“Peter and his team of Lauren and Ty were absolutely amazing on our sale. Nothing was too much trouble, and from beginning to end Peter was 100% in control of the process which took so much stress off us. He arranged minor house repairs for us, staging furniture, pest and building report etc - it was unbelievably helpful in a very stressful time. Most importantly, he negotiated a fantastic sale price for us and we sold prior to auction after a week and half of advertising.

Peter is honest, true to his word, and above all else, ethical and fair to all parties he deals with, which is invaluable and sets him apart in our opinion.”

Glenn & Donna Watts

Michael & Erica Wood

“Peter and his team are diligent and professional, have a peerless level of knowledge of the local market and an unequaled database of prospective purchasers. He provided frank, honest advice and was always fair in his dealings. He was able to organise efficient trades at short notice, which ensured that our apartment was in the best possible position to sell .”

“This is the second time we have engaged Peter, McGrath Crows Nest when selling our property. Peters knowledge and professionalism surpasses any sales agent in the Crows Nest and Naremburn area. He is remarkably honest, authentic and informative through the sale process and has delivered exceptional results for us both times. We cannot recommend Peter and the McGrath Crows Nest team enough.”

Nick & Gill Debney

David & Jodie Parmentier

Naremburn Sales Financial Year 2019-2020 Address

Bed

Bath

Car

Sale date

Sale price

Agent

12 Waters Rd

2

1

1

8/4/20

$2,025,000

McGrath

15 Rhodes Ave

3

1

1

12/7/19

$2,010,000

McGrath

301 Claire St

3

2

1

9/11/19

$2,005,000

McGrath

287 Claire St

3

2

1

8/5/20

$2,000,000

McGrath

291 Claire St

3

2

1

27/9/19

$2,000,000

McGrath

27 Mitchell St

2

1

1

10/8/19

$2,000,000

McGrath

24 Grandview St

2

1

2

4/12/19

$1,996,000

Raine & Horne Crows Nest

22 Lawson Lane

3

2

2

12/12/19

$1,965,000 Ray White Lower North Shore

54 Brook St

4

2

2

24/10/19

$1,935,000

McGrath

15a Grandview St

3

2

1

2/10/19

$1,935,000

McGrath

17 Merrenburn Ave

3

2

2

14/9/19

$1,920,000

Garwoods

14/51-55 Garland Rd

4

2

2

22/7/19

$1,910,000

Belle Property Neutral Bay

24/18 Northcote St

3

2

2

26/2/20

$1,900,000

McGrath

1/19 Station St

3

2

1

20/12/19

$1,850,000

Marriot Lane

6/38-40 Park Rd

3

2

2

24/3/20

$1,850,000

Marriott Lane

256 Willoughby Rd

2

1

1

4/3/20

$1,840,000

Raine & Horne North Sydney

6/2 Hamilton Ave

3

2

2

30/11/19

$1,800,000

Northside

6/165 Willoughby Rd

3

2

1

22/2/20

$1,780,000

Forsyth

1/30 Donnelly Rd

3

2

1

23/6/20

$1,780,000

McGrath

1a Probate St

3

1

1

26/7/19

$1,735,000

McGrath

2/45a Garland Rd

4

2

2

1/7/19

$1,730,000

McGrath

19a Marks St

2

1

1

1/8/19

$1,660,000

McGrath

17 Waters Rd

2

1

1

20/12/19

$1,620,000

McGrath

5/40 Station St

3

2

2

31/1/20

$1,595,000

McGrath

14/2 Hamilton Ave

3

2

2

26/9/19

$1,562,000

McGrath

3/252 Willoughby Rd

3

2

2

29/6/20

$1,552,000

Marriott Lane

1/2 Hamilton Ave

3

2

2

4/9/19

$1,550,000

McGrath

8/5-11 Garland Rd

3

2

2

21/3/20

$1,500,000

Raine & Horne Crows Nest

1/32 Donnelly Rd

2

2

2

16/3/20

$1,450,000

McGrath

3/47 Garland Rd

2

2

1

15/1/20

$1,400,000

McGrath

4/2a Palmer St

3

2

1

27/7/19

$1,387,000

Di Jones Source: Pricefinder.

A selection of recent sales

14 Central Street, Naremburn

25 Mitchell Street, Naremburn

16 Hamilton Avenue, Naremburn

254 Willoughby Road, Naremburn

118 Northcote Street, Naremburn

69 Northcote Street, Naremburn

Client Testimonials “We chose Peter after speaking to a couple of local agents. We were very impressed with the amount of experience he had had in the area, and with his friendly, relaxed professional manner. We thought it would be easy to work with him, and that potential buyers would enjoy the experience too. We weren’t disappointed in the slightest.

Peter, Lauren and Ty made the whole experience of selling my mother-in-law’s house incredibly easy and stress free. There’s clearly nobody in real estate who knows the Naremburn area better than Peter Peter’s agency sells a lot of houses, but he unfailingly made us feel that he cared, and it was clear that he put a lot of energy into getting the best possible result for us. His advice proved to be spot-on at all stages of the process and he keep us informed at all times, and was always available when we needed to contact him. I can’t recommend Peter and the team at McGrath Crows Nest highly enough.”

Macek Rubetzki

“Peter managed the sale of our property at a very difficult time during the COVID-19 pandemic. With the regulations changing frequently, he was able to adapt and overcome the challenges and sell the property. Throughout the process he communicated with us constantly, chased down all possible leads and worked hard to secure the sale for us. We felt in safe hands, even though there was much uncertainty at the time, and would definitely recommend him to others.”

David & Tara Robinson

“Peter has an amazing understanding of the Naremburn market. He was open, honest and a pleasure to work with - I can’t recommend him enough. He definitely lives up to his reputation as being the “Guru of The Burn”.”

Sarah Antell

Naremburn Sales Financial Year 2019-2020 Address

Bed

Bath

Car

Sale date

Sale price

Agent

4/19-27 Glenmore St

2

2

1

5/3/20

$1,330,000

McGrath

16/10 Dalleys Rd

2

2

1

23/8/19

$1,325,000

McGrath

17/1 Talus St

2

2

1

22/6/20

$1,320,000

McGrath

10/47 Garland Rd

2

2

1

21/11/19

$1,230,000

McGrath

18/1 Talus St

2

2

1

5/11/19

$1,213,000

McGrath

46/252 Willoughby Rd

2

2

1

21/2/20

$1,210,000

McConnell Bourn

5/20 Dalleys Rd

2

2

1

4/10/19

$1,200,000 Ray White Lower North Shore

17/163 Willoughby Rd

2

2

1

5/9/19

$1,100,000

McGrath

11/163 Willoughby Rd

2

2

1

7/4/20

$1,050,000

O'Gorman & Partners

5/56 Dalleys Rd

2

2

1

9/7/19

$1,032,000

Di Jones

3/246 Willoughby Rd

2

1

1

19/2/20

$1,030,000

McGrath

14/19-27 Glenmore St

2

2

1

6/4/20

$1,015,000

McGrath

5/32 Donnelly Rd

1

1

1

18/3/20

$990,000

McGrath

70/25a Marks St

2

1

1

20/4/20

$985,000

Garwoods

11/9-11 Olympia Rd

2

2

2

24/8/19

$975,000

McGrath

72/25a Marks St

2

1

1

2/11/19

$972,000

LJ Hooker Seaforth

1/36a Park Rd

1

1

1

1/5/20

$950,000

McGrath

3/34-38 Station St

2

2

2

16/6/20

$935,000

Garwoods

2/25a Marks St

2

1

1

30/8/19

$930,000

David Murphy

17/252 Willoughby Rd

1

1

1

4/2/20

$855,000

McGrath

8/10 Dalleys Rd

1

1

1

26/6/20

$850,000

McGrath

1008/8 Northcote St

1

1

1

23/11/19

$845,000

Hockeys

1/1 Central St

2

1

0

12/7/19

$845,000

McGrath

3/32 Donnelly Rd

1

1

1

16/6/20

$820,000

McGrath

47/252 Willoughby Rd

1

1

1

9/3/20

$808,000

McGrath

301/8 Northcote St

1

1

1

26/11/19

$785,000

Raine & Horne Crows Nest

27/252 Willoughby Rd

1

1

1

19/2/20

$745,000

Northside

11/47 Garland Rd

1

1

1

23/10/19

$737,000

McGrath

13/161a Willoughby Rd

1

1

1

8/11/19

$640,000

Stephan & Co

1/161a Willoughby Rd

1

1

1

16/12/19

$610,000

McGrath

Source: Pricefinder.

A selection of recent sales

1/30 Donnelly Road, Naremburn

14/2 Hamilton Avenue, Naremburn

4/19 Glenmore Street, Naremburn

3/246 Willoughby Road, Naremburn

5/32 Donnelly Road, Naremburn

8/10 Dalleys Road, Naremburn

Client Testimonials “Peter made the process of selling my home simple, easy and far less traumatic that was expected. His guidance, advice and suggestions were supported by facts and demonstrated, recent success. With an open, transparent and refreshingly honest engagement style, Peter and his team took us through the process, providing professional advice at key times to help progress to a successful outcome.

Peter and his team went well beyond what we expected of them and not only sold the property well before Auction, but also at the last minute stepped it up and got a price that was above our expectations at that point.

I highly recommend Peter and his team to anyone looking at selling their property as the experience is not only a demonstration of excellence in customer service but of perseverance focused on achieving an outcome that exceeds expectations.”

Francois Houbert

“Peter and his team were great to work with. They have an extensive knowledge of the neighbourhood and provided valuable advice with options to proceed with the sale. We chose to fix the house up with Peter´s recommended design crew and were thrilled with the outcome. The house cleaned up beautifully and the marketing looked fantastic. The sales campaign went very well and Peter kept us updated on interested parties so the auction was very well attended.”

Christine Dudgeon

“Peter is an excellent agent with a very thorough knowledge of Naremburn in particular. He is hardworking, well organised, efficient and honest.

During the sales campaign, he regularly provided me with phone updates and detailed email reports. I am very glad I chose him as my agent. Peter obtained an excellent result and was easy to deal with.”

Ann Quinlan

Agent market share Naremburn for Houses 1 July 2019 – 30 June 2020 2% 2%

2%

2% 2% 2%

3% • McGrath • Ray White • Raine & Horne • Avnu • The Agency • Shore • Hockeys • DiJones • Belle • Garwoods

5% 5% 75%

Source: Pricefinder

$2.35m

$2.40m 2018

$2.191m

$2.392m 2017

$2.006m

$1.761m

$1.469m

2020

2019

2016

2015

2014

$1.266m 2013

$1.335m 2012

2011

$1.312m

Average sale price for Houses

Source: Pricefinder

A selection of recent sales

4 Rhodes Avenue, Naremburn

51 Station Street, Naremburn

24 Garland Road, Naremburn

43A Park Road, Naremburn

71 Northcote Street, Naremburn

33 Market Street, Naremburn

12 Waters Road, Naremburn

301 Claire Street, Naremburn

54 Brook Street, Naremburn

5/40 Station Street, Naremburn

1/32 Donnelly Road, Naremburn

3/47 Garland Road, Naremburn

14/19 Glenmore Street, Naremburn

1/36A Park Road, Naremburn

17/252 Willoughby Road, Naremburn

Agent market share Naremburn for Townhouses and Apartments 1 July 2019 – 30 June 2020 2% 2% 2% 2%

• McGrath • Marriot Lane • Belle • Northside • Raine & Horne • DiJones • Garwoods • Forsyth • McConnell Bourn • Ray White • O'Gorman Partners • LJ Hooker • David Murphy • Hockeys

2%

2% 2% 2%

4% 4% 58%

4% 4% 5% 7%

Source: Pricefinder

$1.25m

$1.152m

$1.105m

$970k

2020

2019

2018

2017

2016

2015

$806k 2014

$745k 2013

$655k 2012

2011

$671k

$915k

$1.161m

Average sale price for Townhouses and Apartments

Source: Pricefinder

Peter Chauncy 0402Â 036Â 489 8115 0401 peterchauncy@mcgrath.com.au