Welcome Changes in lending criteria for investors is making it harder to secure a loan. McGrath’s mortgage broking division, Oxygen is up-to- date with how each lender has altered its criteria and can advise you on which bank is best for you. For a personal referral to an Oxygen broker, please call John Paranchi today.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market The 2015 financial year has been a fantastic selling period, with my team and I achieving just under $80M in local sales and three suburb records. Suburb records – Paranchi Team FY2015 • Highest price in Putney – $4.25M • Highest non-waterfront sale in Gladesville – $3.75M • Highest non-waterfront sale in Putney – $3.5M We are now gearing up for what will likely be the last major selling season of Sydney’s boom, following a 43.1% increase in property prices over the past three years (CoreLogic RP Data). Local selling conditions have been enhanced by a very limited supply of homes for sale which has heightened buyer competition. In Gladesville,
there were 40 fewer houses sold in FY15 compared to FY14. Sellers now have only a small window of opportunity to take advantage of this before a significant increase in stock over Spring. Looking ahead, we expect a strong Spring with a stabilisation in property values by Christmas and a slower pace of growth in line with the rest of Sydney in 2016. If you have been waiting for the optimum time to sell, the next six months is it. Respected independent market researchers BIS Shrapnel predict Sydney’s price growth will halve in FY16. Valuation firm Herron Todd White puts Sydney at 12.00pm on the property clock, meaning it is at its peak. If you are considering selling, please call me for a free no-obligation appraisal on 0411 508 890.
A Word From John McGrath It’s been another spectacular year of growth in Sydney with property price gains of 16.2% for FY15 – slightly higher than the 15.4% increase of FY14. Most of us expected price growth to begin moderating from January this year following a flood of stock that came onto the market in November 2014, which did affect prices in the short term. But no! Two interest rate cuts have prolonged Sydney’s boom with a strong 9.1% lift in prices over the first six months of the year alone (CoreLogic RP Data). Where to from here? Affordability is really starting to bite and a lack of stock is
pumping up competition – and therefore prices, on good quality homes for sale in good locations. Right now, the lack of stock is being caused by sellers holding off til Spring. They know they could get a fantastic price right now but they’re concerned about
being able to buy back in with so few homes available for sale. Hopefully Spring will break the cycle and we’ll see more trading. Bring on FY16.
We Love Community – Gladesville Public School
Did You Know? In New York, it is a legal requirement for a seller to disclose if a property under inspection is believed to be haunted by a ghost.
Gladesville Public School will be holding their first major fundraising fare open to the public on Saturday the 1st of August 2015. Come along for a fantastic day filled with entertainment for the whole family offering; games, rides, stalls, food, zoo, pony rides, main stage entertainment,
photo booth, BBQ, trash & treasure, books, side show alley and so much more.
Where: Gladesville Public School Victoria Road, Gladesville
Fare begins at 10.00am and finishes at 4.00pm. Gladesville Public School looks forward to seeing you there.
Time: 10.00am – 4.00pm Contact: 02 9817 2388 Cost: Free
Our Current Listings
92 Bowden Street Ryde
9 Stanley Street Putney
15 Donnelly Street Putney
12 Arnold Street Ryde
48 Regent Street Putney
77 Morrison Road Gladesville
We Love Do It Outdoors Fitness Do you need motivation to reach your goals and guidance to ensure your exercises are goal specific? Do you need support to ensure you stay on track? Do you want to lose weight and gain more energy? Personal Training and Bootcamps will help you reach your specified goals. If you are time poor, Angela can design a program to have you working out for only 30 minutes, quick, fast and efficient training to reach your goal and have you feeling fantastic or if you would like to join the next Bootcamp starting in July visit the website below for more details! Remember, Summer bodies are made in Winter. doitoutdoorsfitness.com
Recent Sales Gladesville, Tennyson Point & Putney (1 May – 30 June 2015) Address
58 Champion Road, Tennyson Point
Date
Price
1 May 15
Confidential
75 Monash Road, Gladesville
2 May 15
$1.338M
18 Delange Road, Putney
2 May 15
$2.701M
13 Phillip Road, Putney
2 May 15
$1.45M
30 Regent Street, Putney
2 May 15
$2.65M
14 Riverside Avenue, Putney
2 May 15
$1.621M
54 Monash Road, Gladesville
9 May 15
$1.63M
26 Morrison Road, Gladesville
9 May 15
$1.82M
27 The Strand, Gladesville
9 May 15
Confidential
8 Teemer Street, Tennyson Point
9 May 15
Confidential
150 Tennyson Road, Tennyson Point
15 May 15
$2.43M
15 Bayview Street, Tennyson Point
16 May 15
$1.9M
6 Watson Street, Putney
16 May 15
$1.65M
26 Spencer Street, Gladesville
20 May 15
$3.75M
60 Pittwater Road, Gladesville
20 May 15
$1.4M
5 Teemer Street, Tennyson Point
23 May 15
$1.905M
54 Douglas Street, Putney
23 May 15
$2.355M
8 Gerard Lane, Gladesville
30 May 15
$1.4M
11 Hillcrest Avenue, Gladesville
30 May 15
$1.745M
106 Pittwater Road, Gladesville
30 May 15
$1.45M
32 Punt Road, Gladesville
30 May 15
$2.56M
10 Beach Street, Tennyson Point
30 May 15
$2.755M
6 Storey Street, Putney
30 May 15
$1.785M
46 Batemans Road, Gladesville
13 Jun 15
$2.102M
28 Hillcrest Avenue, Gladesville
13 Jun 15
$2.401M
94 Pittwater Road, Gladesville
13 Jun 15
$1.42M
5 Champion Road, Tennyson Point
13 Jun 15
$1.5M
65 Phillip Road, Putney
13 Jun 15
$1.526M
22 Regent Street, Putney
13 Jun 15
$3.33M
45 Batemans Road, Gladesville
20 Jun 15
$2.9M
30 Champion Road, Tennyson Point
20 Jun 15
$1.73M
23 Evan Street, Gladesville
27 Jun 15
$1.95M
23 Simpson Street, Putney
27 Jun 15
$1.562M
82 Phillip Road, Putney
30 Jun 15
$1.56M
Note: No Units included. 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.
Case Studies 28 Hillcrest Avenue, Gladesville
4 Bed, 2 Bath, 2 Car Sold: $2.401M Sale Date: 13th June 2015 Sale Method: Auction Days on Market: 30 Buyer Origin: Coogee Registered Bidders: 15 Contracts Issued: 30 Land Size: 834sqm
6 Storey Street, Putney
3 Bed, 1 Bath, 1 Car Sold: $1.785M Sale Date: 30th May 2015 Sale Method: Auction Days on Market: 30 Buyer Origin: Breakfast Point Registered Bidders: 11 Contracts Issued: 21 Land Size: 683sqm
Raving Fans “We wanted to pass on our sincere thanks to the McGrath team for a wonderful auction result and campaign. It is testament to why we chose your experienced team for the sale of our house. An above average auction result and street record are evidence of this.� Michael & Annabel Hillcrest Avenue, Gladesville