John Paranchi Report 2016

john paranchi

property report

gladesville | tennyson point | putney

the local market It has been another exceptional year in local real estate, with my team and I achieving just over $91M in sales which is well up on last year. We also managed 2 suburb records.

I am pleased to report your local McGrath office sold 334 homes in FY2016 worth $583M, up on last year. Our average ‘days on market’ was just 26 and we achieved an auction clearance rate of 73%. Our company database continues to be an invaluable marketing tool, with over 1,000 new buyers added this year – reflecting strong ongoing demand in our local area.

There was a resurgence of interest in prestige property this year, with the Top 20 sales overleaf demonstrating this trend. The No 20 sale this year was $2.7M compared to $2.6M in FY2015. We were responsible for a new suburb record for Gladesville along with the highest non waterfront record in Gladesville as well.

Whilst there was a hiccup in the last quarter of 2015 with clearance rates dropping down to as low as 40% and prices adjusting downwards slightly, it didn’t last long.

Just when we thought we were at the end of price growth, the market bounced back.

Clearance rates are now back over 70% and prices in around the inner ring suburbs have continued to rise, albeit at a slower more sustainable rate.

Market confidence has remained high, buoyed by record low interest rates with the prospect of them dropping lower. Locally, upgraders have been driving the market and a severe shortage of homes for sale has resulted in some extraordinary prices being achieved.

Moving forward, we expect a strong spring season and a slower pace of price growth in 2016/17. Please see over the page for a detailed summary.

John Paranchi McGrath Estate Agents D 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au

a message from the ceo So‌we finally have a result! The Coalition got over the line and the biggest thing that means for real estate is no changes to negative gearing or the capital gains discount.

Moving forward, the end of the election period is likely to result in more market activity.

The usual decline in stock that we always see over the winter period was somewhat exacerbated by the election because a lot of people delayed their real estate decisions.

For example, in the week leading up to the election, there were 811 capital city auctions compared to 2,218 the week before, according to CoreLogic RP Data.

In many cases, an election simply provides another reason for procrastination amongst nervous buyers and sellers but in this election, property tax policy was such a major issue that it’s not surprising many people, particularly investors, chose to wait and see how it all played out.

Now we know there will be no change to negative gearing or capital gains policy, the pathway to spring is clear. We usually see a bump in listings in the spring season as many people perceive it to be the best time to sell. This year, we might see a bigger bump in listings simply because a lot of would-be winter sellers delayed their campaigns.

Lack of stock has been a major issue in many of Sydney’s inner and middle ring suburbs this year, which has contributed to ongoing price growth (8.9% increase in Sydney property values over the first six months of the year) and consistently strong clearance rates in the high 70% range.

A spike in listings over spring would bring more fluidity to the market and enable more Sydneysiders to make their next move.

John McGrath CEO McGrath Estate Agents

year to date house price comparison Gladesville

Houses Sold FY15 Houses Sold FY16 Average Price FY15 Average Price FY16 Annual Growth FY15 Annual Growth FY16

88 103 $1,714,000 $1,916,000 +15.04% +11.78%

Tennyson Point

Houses Sold FY15

120 Tennyson Road, Tennyson Point Sold by John Paranchi

Houses Sold FY16

15 12

Average Price FY15

$2,157,000

Average Price FY16

$3,070,000

Annual Growth FY15

-19.94%*

Annual Growth FY16

+42.32%*

Putney

Houses Sold FY15 Houses Sold FY16

17 Small Street, Putney Sold by John Paranchi

63 33

Average Price FY15

$1,951,000

Average Price FY16

$2,023,000

Annual Growth FY15

+35.48%

Annual Growth FY16

+3.69%

Notes: No Strata title included. Information provided by Australian Property Monitors as at 30th June 2016 on exchanged sales. Parties should rely on their own enquiries. McGrath will not be liable for any error or admissions here in. Comparison period 1st July 2015 – 30th June 2016. Development sites, units, out of line sales and undisclosed prices are not included. *Large price fluctuation due to low amount of transactions.

the top 20

18 Phillip Road, Putney Sold by John Paranchi

33 Sunnyside Street, Gladesville Sold by John Paranchi

*Sold by John Paranchi and the team at McGrath

1

65 Wharf Road, Gladesville

Confidential

2

16A Pile Street, Gladesville

Confidential

3

141A Tennyson Road, Tennyson Point

$5,905,000

4

127 Tennyson Road, Tennyson Point

$4,510,000

5

61A Wharf Road, Gladesville

$3,710,000

6

120 Tennyson Road, Tennyson Point

$3,682,000

7

64 Wharf Road, Gladesville

$3,495,000

8

26 Raven Street, Gladesville

$3,470,000

9

12 Beach Street, Tennyson Point

$3,460,000

10

68A Champion Road, Tennyson Point

$3,440,000

11

9 Stanley Street, Putney

$3,400,000

12

37 The Strand, Gladesville

$3,300,000

13

18 Phillip Road, Putney

$3,250,000

14

56 Champion Road, Tennyson Point

$2,990,000

15

23 Delange Road, Putney

$2,950,000

16

2 Amiens Street, Gladesville

$2,890,000

17

101 Tennyson Road, Tennyson Point

$2,880,000

18

14 Chadwick Street, Putney

$2,835,000

19

46 Hillcrest Avenue, Gladesville

$2,780,000

20

6 Glades Avenue, Gladesville

$2,700,000

Notes: Sales highlighted sold by John Paranchi and the team at McGrath showing a 55% Market Share.

Information provided by Australian Property Monitors based on exchanged sales, its accuracy cannot be guaranteed. Parties should rely on their own enquiries. McGrath will not be liable for any error or admissions here in. Undisclosed prices by other agencies (if any) have been excluded.

26 Raven Street, Gladesville Sold by John Paranchi

what our clients say “John Paranchi and his team offered a professional and personalised service in selling my home. Having never sold at auction before I had no idea what processes were involved and he helped me every step of the way. He achieved a price beyond my expectations. His advice was always given with my best interest in mind. I have full confidence in him and would undoubtedly use him again should I need to sell in the future.”

Patricia – Lyndhurst Street, Gladesville (2016)

“John and Rebecca were a great team - I can’t recommend them highly enough. John kept us informed every step of the way and was able to secure price in excess of what we had hoped for in what has been a tough market.”

Scott and Kathryn – Figtree Road, Hunters Hill (2016)

“We acquired the services of John Paranchi of McGrath Real Estate to sell our unit. We found John and his sale team to be very professional in every aspect regarding the sale of our unit. They took us through every step of the sale and kept us up to date after every open house. The unit was sold within a week and they got the price we wanted. We highly recommend them and would have no hesitation in using their services again.”

Michael and Karen – Victoria Road, Ryde (2016)

“My experience with John Paranchi has been as far back as 1997 when we bought this beautiful home and now to have him sell it for us was a pleasure. John ensured that he would get the best result and he did, finding a buyer that we felt happy handing the keys over too as well as providing the best result. I would recommend John to anyone that is looking for a true value of their home as well as a home you may be thinking of buying.”

Stephan and Anita – Morrison Road, Putney (2016)

“John and his team provided a very slick and professional package for the marketing and selling of our home in Putney. His knowledge of the local market was excellent and he was contactable and responsive to all our questions during the campaign. This culminated in a very good result for us at the back of the selling season just when the market appeared to be having a little “wobble”. For anyone selling in the area I could highly recommend John.”

James and Lucinda – Phillip Road, Putney (2015)

“John and his team gave us splendid service. Communication, attention to detail, response to our queries, and advice as the situation changed - in all respects we were well satisfied.”

David and Patricia – Western Crescent, Gladesville (2015)

“John, Rebecca and the McGrath team were thorough and professional from beginning to end. Their extensive market knowledge and personalising touches made the entire campaign to be stress free while maintaining focus. We couldn’t recommend them highly enough.”

Brennan and Ursula – Sunnyside Street, Gladesville (2015)

“We have sold a few houses now and must say the overall experience provided by McGraths was excellent. The communication from the start to even after the sale has been excellent, with regular updates on what is happening from all marketing aspects (opens, web and print). Their knowledge of the area, the bank of buyers they have in their database and positive communication ensured we over achieved what was discussed in our first meeting and this even in a market that was starting to struggle. Thank you to John and the McGrath team.”

Peter and Emma – Tennyson Road, Gladesville (2015)

proudly local As a local resident, I love being able to live and work in this wonderful community. I am passionate about this local area and I am proud to be the local property expert. It’s places like our fine quality schools, parks, restaurants and overall community that is making our local area so popular at the moment.

Riverside Parks

Gladesville Ravens

Banjo Patterson Reserve

Riverside Market

Dolcini Cafe

Mercato e Cucina

Next Gen Ryde

Urban Fresh

why choose john when selling our most valuable asset?

Local born and bred A proud local resident for 45 years, John’s exceptional market knowledge enables him to accurately price your property and position it in a way that attracts maximum buyer interest. Importantly, he can expertly sell both your home and the area to the many buyers coming here from other parts of Sydney.

How you benefit: Maximum buyer engagement in your property and a better result On top of his game Consistently ranked in the top tier of McGrath’s 900+ agent network John won the prestigious ‘Sales Agent of the Year’ award at the 2013 Australian Real Estate Awards and was ranked Number 6 in Real Estate Business Magazine’s ‘Top 100 Agents for 2013’. John has 26 years of local sales experience and an outstanding track record with a clearance rate well above the industry standard.

How you benefit: Your complete confidence in John’s ability to achieve the best price Professional development John is constantly workshopping new ideas to improve his business and client service. He employs two personal business coaches and is often asked to mentor his peers and speak at company training events.

How you benefit: John is fully engaged in his career, meaning an energetic approach to the sale of your home Team works John employs three experienced assistants to ensure exceptional service for his clients. Rebecca Kindleysides supports John as the team’s buyer manager, Ashleigh Moltzen looks after marketing and Phillip Commandeur supports John as a salesperson. This allows John to focus on working with buyers, communicating with you and negotiating the best possible price.

How you benefit: Four professionals focused on delivering the best service and sale price for you The power of relationships After 26 years as a successful local agent, John knows a lot of people. He receives calls every day from clients, bank valuers and solicitors.

His strong relationships result in smooth transactions, even on the most complicated sales.

How you benefit: John is constantly talking to people about property, meaning more people will know about your home Community focused A trusted and respected member of the community, John is known for his generosity, with $30,000 in sponsorships and donations given to local schools, charities and junior sporting organisations in FY16. A dedicated family man who genuinely loves this area, John has a strong affinity with local residents.

How you benefit: Buyers trust John, leading to greater interest and engagement in your home Track record John’s genuine expertise means he consistently achieves strong results and it is this consistency that makes him different to the rest. He was the first agent to sell a home in the area for more than $4M and currently holds records in Gladesville, Tennyson Point and Putney.

How you benefit: John can achieve a strong price for you in any market condition

track record – sold by john paranchi in fy16

Ryde SOLD

Tennyson Point

2/40 Frederick Street

2/17 Kemp Street

$1,107,000

SOLD $1,165,000

Gladesville SOLD

Gladesville SOLD

58A Morrison Road

33 Massey Street

$1,237,500

$1,330,000

Gladesville SOLD

Gladesville SOLD

Gladesville SOLD

Gladesville SOLD

30B Morrison Road

85B Western Crescent $1,360,000

36 Tennyson Road

16 Tennyson Road

$1,356,000

$1,371,500

$1,425,000

Gladesville SOLD

Gladesville SOLD

Gladesville SOLD

Gladesville SOLD

10 Lyndhurst Street

9 Chapman Street

8 Lyndhurst Street

33 Prince Edward

$1,450,000

$1,500,000

$1,500,000

$1,510,000

Gladesville SOLD

Gladesville SOLD Putney SOLD Gladesville SOLD

39 Meriton Street

77 Morrison Road

$1,520,000

$1,530,000

40 Pellisier Road

$1,535,000

2 Lyndhurst Street

$1,570,000

Gladesville SOLD

Gladesville SOLD

Gladesville SOLD

Tennyson Point

SOLD

1 Windeyer Avenue

19 Diggers Avenue

28 Warner Street

24 Champion Road

$1,705,000

$1,625,000

$1,675,000

Gladesville SOLD

Putney SOLD

Hunters Hill

9 Diggers Avenue

17 Small Street

4 Figtree Road

$1,732,000

$1,757,500

$1,680,000

SOLD $1,780,000

Putney SOLD 20 Boulton Street

$1,785,000

Gladesville SOLD

Gladesville SOLD

Putney SOLD

Gladesville SOLD

17 Short Street

2A College Street

48 Regent Street

31 Tennyson RoadÂ

East Ryde 48 Melba Drive

$1,976,000

SOLD $2,150,000

$2,000,000

$2,121,000

Gladesville SOLD Gladesville SOLD Hunters Hill 35 Batemans Road

$2,195,000

25 Junction Street

$2,200,000

14 Bonnefin Road

$2,150,000

SOLD $2,375,000

Putney SOLD

Ryde SOLD

Ryde SOLD

Gladesville SOLD

304 Morrison Road

35 Aitchandar Road

40 Charles Street

33 Sunnyside Street

$2,375,000

$2,575,000

$2,600,000

$2,600,000

Putney SOLD

Putney SOLD

Gladesville SOLD

Gladesville SOLD

18 Phillip Road

9 Stanley Street

26 Raven Street

64 Wharf Road

$3,250,000

$3,400,000

Tennyson Point

SOLD

Tennyson Point

SOLD

120 Tennyson Road

$3,682,000

127 Tennyson Road

$4,510,000

John Paranchi D 02 9816 8110 M 0411 508 890 East Ryde SOLD E johnparanchi@mcgrath.com.au 48 Melba Drive

$2,150,000

$3,470,000

Gladesville SOLD

Gladesville SOLD

16A Pile Street

65 Wharf Road

Confidential

Gladesville SOLD Gladesville SOLD Hunters Hill 35 Batemans Road

$2,195,000

$3,495,000

25 Junction Street

$2,200,000

14 Bonnefin Road

Confidential

SOLD $2,375,000