Home Front Newsletter - Aaron Paull

KILLARNEY VALE BATEAU BAY BERKELEY VALE EDITION

AARON PAULL

Welcome to my first addition of Home Front for 2018. I am looking forward to another exciting year and would love to assist you with any of your property needs. I hope that our news and views continue to be of interest and benefit to you. Your feedback is always welcome.

Strong early sales suggest there is a new energy to the market in Killarney Vale, Bateau Bay and Berkeley Vale. I attribute this to the high percentage of Sydney buyers choosing the 2261 postcode as their relocation or investment

destination. Overall there is more energy and more buyers attending our open homes than late 2017. In fact, McGrath Central Coast are actually 35% up on listings in comparison to this time last year.

This is a fantastic position to be in as a home owner and please see over to read what John McGrath's views are on the Central Coast property market and outlook for 2018.

Aaron Paull aaronpaull@mcgrath.com.au 0499Â 508Â 999

A Word From John McGrath I was up on the Coast last week and I had a few people ask me what I thought the future of the local market over the next few years. To which I answered, “It will be one of the best real estate markets in Australasia, stay tuned.”

And I’ll tell you what I believe that to be the case. Firstly, Australia is in a great place as a country. The key indicators of prosperity are extremely solid. Growing population. Low unemployment. Best lifestyle in the world. As a country we are well positioned. Especially as our proximity to Asia, combined with the factors above, makes us an ideal destination to visit, migrate to or invest in - all which will continue to make us a better and more prosperous place. But let’s double click on the Central Coast and I’ll let you know why I think it’s perfectly positioned to outperform almost all other markets in Australia. Let’s unpack the key factors: Proximity to Sydney: When you combine relaxing, healthy, safe lifestyle of the Coast and place it within an hour of Australia’s biggest city it becomes a compelling proposition to both residents and investors.

Sydney Prices: With almost all metropolitan family living options rising well above the million dollar mark it has become increasingly harder for young couple to enter the market and indeed for many families to even afford to remain in Sydney.

And they are starting to look for other high quality options to live or invest in - sea change and tree change options if you will. The Coast is extremely attractive to these buyers and investors and we have seen a significant increase in buyer enquirer for Coastal listings from our Sydney buyers over the past 12 months and this will escalate going forward.

Quality Development: There is a new wave of world class, boutique developments appearing on the Coast that create a new lifestyle option for many people - both local and Sydneysiders.

These are incredibly high calibre developments that are setting new standards of living on the Coast but are priced at half the rate of comparable projects in Sydney.

So in summary, there are few better places to live or invest in on planet earth right now than the Central Coast.

Case studies 5 Beds 4 Baths 3 Cars ________________________________________________ Sale method Prior to Auction ________________________________________________

1

Sale price $1.2m ________________________________________________ Days on market 24 ________________________________________________ No. of inspections 40 ________________________________________________ No. of contracts issued 5 ________________________________________________ Buyer origin Matcham ________________________________________________

29 Trelawney Street, Killarney Vale Sold $1.2m 2 Beds 2 Baths 1 Car ________________________________________________ Sale method Private treaty ________________________________________________

2

Sale price $750k ________________________________________________ Days on market 1 ________________________________________________ No. of inspections 1 ________________________________________________ No. of contracts issued 1 ________________________________________________ Buyer origin Bateau Bay ________________________________________________

7 Berne Street, Bateau Bay Sold $750k 2 Beds 2 Bath 1 Cars ________________________________________________ Sale method Prior to Auction ________________________________________________

3

Sale price $683k ________________________________________________ Days on market 9 ________________________________________________ No. of inspections 28 ________________________________________________ No. of contracts issued 5 ________________________________________________ Buyer origin Mardi ________________________________________________

57 Ferndale Street, Killarney Vale Sold $683k

Recent sales in Bateau Bay & Killarney Vale No

Address

Bed Bath

Car

Size

Price

1

26 Lucinda Avenue, Killarney Vale

4

3

2

740sqm

$1.35m

2

29 Trelawney Street, Killarney Vale

5

4

3

1,410sqm

$1.2m

3

9 Poplars Avenue, Bateau Bay

4

3

2

696sqm

$1.13m

4

19 Trelawney Street, Killarney Vale

4

3

2

1,264sqm

$1.068m

5

4A Harbour Street, Bateau Bay

4

3

2

345sqm

$1.065m

6

52 Promenade Avenue, Bateau Bay

5

3

2

556sqm

$945k

7

42 Poplars Avenue, Batea Bay

3

2

2

696sqm

$940k

8

12 Aubrey Street, Killarney Vale

5

3

2

752sqm

$920k

9

4 Kipling Drive, Bateau Bay

4

2

2

620sqm

$900k

10

10 Hinemoa Avenue, Killarney Vale

3

2

2

689sqm

$850k

11

65 Lakin Street, Bateau Bay

2

2

1

638sqm

$785k

12

26 Belford Avenue, Batea Bay

4

3

2

753sqm

$782k

13

7 Berne Street, Batea Bay

4

3

1

556sqm

$750k

14

1 Sirius Avenue, Bateau Bay

3

2

2

661sqm

$730k

15

6 Promenade Avenue, Bateau Bay

3

1

1

556sqm

$725k

16

1A Bateau Bay Road, Bateau Bay

2

3

2

594sqm

$705k

17

27 Cornish Avenue, Killarney Vale

3

1

1

638sqm

$695k

18

52 Patricia Street, Killarney Vale

3

1

2

567sqm

$690k

19

39 Bass Avenue, Killarney Vale

4

2

2

594sqm

$675k

20

57 Ferndale Street, Killarney Vale

2

1

2

696sqm

$683k

21

18 Belford Avenue, Bateau Bay

4

2

1

651sqm

$670k

22

180 Cresthaven Avenue, Bateau Bay

4

1

2

630sqm

$665k

23

14 Highclere Street, Bateau Bay

4

2

1

569sqm

$655k

24

32 Rushby Street, Bateau Bay

3

1

1

540sqm

$650k

25

5 Ferndale Street, Killarney Vale

3

1

1

481sqm

$600k Source: RP Data