John Paranchi FY14 Report

expectextraordinary

john paranchi

property report

gladesville | tennyson point | putney

the local market Our local market has shown exceptional resilience over the past few years, with an increase in local property prices across the board in FY14 as more buyers took advantage of low interest rates to upgrade their homes. The local prestige market continues to defy Sydney trends. There have been several sales above $3M, 2 sales above $4M and even a $5.8M sale in Tennyson Point.

On a personal note, with the expert assistance of my personal support team, I sold 65 homes worth $90M in FY14. Our average ‘days on market’ was 31 – well ahead of the industry average and a clearance rate just above 90% which is also well above the industry average.

As a Partner at McGrath Hunters Hill, I am also pleased to report our office sold 282 homes in FY14 worth $406.6M. This included 7 sales above $4M, and 5 sales above $5M. Our average ‘days on market’ was 32 and we achieved an auction clearance rate of 89%. About 2,100 new buyers were registered on our online database, reflecting strong demand and superior buyer management. All these figures are an improvement on FY13.

Locally, Tennyson Point led the charge with a massive 69% increase. This figure is slightly skewed in that there were several waterfronts sold during this period and only 15 sales. Gladesville house prices rose by just under 18% with Putney relatively subdued recording just over 3% growth. Please see over the page for a detailed summary of how local property prices have changed in FY14. This data has been compiled by independent researchers, Australian Property Monitors. To ensure accuracy, we have removed all ‘out of line’ sales, strata properties and confidential sales.

If you have any questions regarding the report, or if you are considering your property options, please don’t hesitate to contact me on the details below.

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

a message from the ceo It’s certainly been one of the most exciting years we’ve had in Sydney over the financial year 2014, with the market recovery well underway and good activity in all price brackets.

The Sydney market went gangbusters in the final six months of 2013, with a recordbreaking Spring season accelerating price growth for the 2014 calendar year to 15.2 per cent for houses and 11.6 per cent for apartments. The greatest activity remained in the sub-$2M bracket due to strong investor and upgrader activity.

My instinct is we are starting to reach a point in Sydney where buyers are feeling concerned about paying too much. We’re still seeing instances of very strong auction activity, but I’m increasingly hearing about campaigns with lots of groups through the opens and lots of contracts issued, but only a few bidders competing on the day. This tells me there is some caution entering the sub-$2M market. That doesn’t mean price growth is about to stop. Most likely we are entering a period of stabilisation, which is a really important step in a new growth cycle. Trust me, you want to see some plateaus when prices are growing this fast. People need time to get used to new values before growth begins again. That’s how growth cycles work.

Sydney’s Saturday clearance rates are holding steady in the 70 per cent-range, which is a drop compared to the consistent 80 per cent-plus clearances recorded in Autumn. It’s no cause for concern as 70 per cent-plus is still very strong, particularly when you take into account the high number of auctions occurring in Sydney right now – we’re talking more than 2,500 in the month of June alone.

One of the biggest changes in the market this year is movement in Sydney’s prestige sector. We saw a few big sales here and there in 2013 but there is actual momentum in prestige property this year. Financial executives are receiving bonuses again, the share market is doing well and more listings are coming onto the market, giving buyers more choice and creating a bit of excitement. The biggest sale in Sydney so far this year occurred in June at around $37M in Wolseley Road, Point Piper.

John McGrath CEO McGrath Estate Agents

year to date house price comparison Gladesville

Houses Sold FY13 Houses Sold FY14 Average Price FY13 Average Price FY14 Annual Growth FY13 Annual Growth FY14 McGrath Market Share FY14

74 126 $1,237,000 $1,456,000 +0.09% +17.70% 41%

Tennyson Point

43 Batemans Road, Gladesville Sold by John Paranchi

Houses Sold FY13 Houses Sold FY14 Average Price FY13 Average Price FY14 Annual Growth FY13 Annual Growth FY14 McGrath Market Share FY14

20 15 $1,587,000 $2,695,000 +3.65% +69.81% 33%

Putney

Houses Sold FY13 Houses Sold FY14 Average Price FY13 Average Price FY14 Annual Growth FY13 Annual Growth FY14 McGrath Market Share FY14 104 Western Crescent, Gladesville Sold by John Paranchi

59 53 $1,392,000 $1,440,000 +8% +3.44% 24%

Notes: No Strata title included. Information provided by Australian Property Monitors as at 30th June 2014 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 2013 – 30th June 2014. Out of line sales and undisclosed prices are not included.

the top 20

57 Champion Road, Tennyson Point Sold by John Paranchi

40 Tyrell Street, Gladesville Sold by John Paranchi

*Sold by John Paranchi and the team at McGrath

1

88 Champion Road, Tennyson Point

$5,800,000

2

29 Delmar Parade, Gladesville

$4,400,000

3

15 Delmar Parade, Gladesville

$4,020,000

4

27 Beach Street, Tennyson Point

$3,788,000

5

102A Champion Road, Tennyson Point

$3,750,000

6

12 Shackel Avenue, Gladesville*

Confidential

7

131 Tennyson Road, Tennyson Point

$3,500,000

8

90 Wharf Road, Gladesville

$3,450,000

9

153 Tennyson Road, Tennyson Point*

$2,850,000

10

111 Waterview Street, Putney

$2,850,000

11

68 Champion Road, Tennyson Point

$2,770,000

12

161 Charles Street, Putney

$2,582,000

13

4 Delmar Parade, Gladesville*

$2,350,000

14

16 Mars Street, Gladesville*

Confidential

15

43 Batemans Road, Gladesville*

Confidential

16

104 Western Crescent, Gladesville*

$2,300,000

17

107 Princes Street, Putney*

$2,230,000

18

5 Dyson Street, Putney

$2,210,000

19

40 Champion Road, Tennyson Point

$2,150,000

20

57 Champion Road, Tennyson Point*

$2,105,000

Notes: Sales highlighted sold by John Paranchi and the team at McGrath showing a 40% 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.

16 Mars Street, Gladesville Sold by John Paranchi

what our clients say “I was very happy with John and the team at McGrath. They all kept me well informed, were quick to answer any of my questions and made the whole process of selling my house a lot less stressful than I am sure it could have been. On top of that the house was sold at a price well beyond my expectations!”

Jeannine - Makinson Street, Gladesville (2014)

“Just wanted to send a quick note to thank you and your team for your work with the sale of our house on Saturday. Amy and I are very happy with the outcome (and grateful that you have such an amazing auctioneer) and look forward to settlement.”

Gary and Amy - Primrose Avenue, Ryde (2014)

“Thank you very much for your amazing job in selling our house! We could never have dreamed of such an awesome result. Your team and professionalism was truly outstanding, which made the whole process so easy. Look forward to working with you in the future.”

Andrew and Natalie - Ratcliffe Street, Ryde (2014)

“There are a number of things that are stressful in life and buying and selling a house sits close to the top. However with the support and guidance from the great team at McGrath Hunters Hill, it’s a breeze. From the offset, John Paranchi and his team, Rebecca, Nicole and Emily made us feel at ease. Nothing was too much trouble, from the initial valuation, marketing plan and photographs through to the open house and auction. We knew we were in safe hands. Regular updates in the form of personal calls, emails and visits were the norm, keeping us across the behind the scenes work that the team were managing with both dedication and experience. On auction day we always felt that the team were on our side. No pressure, just good advice and an understanding of our requirements. Both my wife and I would have no hesitation to use John and his team again. We are already advising friends of their services and excellent customer satisfaction. Thanks again for your personal touch and helpful advice.”

Neil and Kerry - Junction Street, Gladesville (2014)

“We can’t speak highly enough of McGrath Estate Agents, especially John Paranchi and Nicole Harrold who were directly involved in our recent sale. John provided an accurate valuation for us when we thinking about selling, one which he ultimately over achieved on when we sold. I found the whole McGrath experience everything you could ask for as a vendor. Their advice and suggestions we followed to the letter and the outcome they had aimed for we achieved and even a little more. You can’t ask for more than that can you?”

Peter and Jenny - Prince Edward Street, Gladesville (2014)

“Recently my husband and I employed the services of the wonderful, Gladesville/Hunters Hill McGrath team to sell our home in Gladesville.

We did a lot of homework prior to choosing McGrath and John Paranchi as our agent in order to ensure that our decision would result in the best working relationship, exposure for our home and professionalism from the agent, resulting in the best result and experience during an often stressful time. Our agent John Paranchi asked at our initial interview “what would ensure that the selling process would be a good experience for you”? and our reply was “honesty and respect for our privacy resulting in the best possible selling price”. It was this interest in how we wanted things run and John’s belief in our home that put us at easy immediately. The professionalism and consideration shown from the initial meeting through to completion of sale was always a constant and for this we are truly grateful. In the past we have sold many homes and this sale has been undoubtedly the most stress free, all thanks to John and his wonderful team, who met every criteria we set, including achieving a price beyond our reserve. I would highly recommend John Paranchi his team and McGrath Hunters Hill.”

Wayne and Linda - Batemans Road, Gladesville (2014)

sales agent of the year in 2013 In 2013 John Paranchi was awarded by Real Estate Business as the “Australian Real Estate Sales Agent of the Year”.

These industry awards are a coveted accolade. Australia’s finest sales agents, property managers and principals as well as leading networks go head to head across various award categories. The fierce competition is reflected in the drive for industry recognition and overall professional standards.

The judges who awarded Mr Paranchi the honour said he epitomised today’s professional agent.

“He impressed us with his consistent level of exceptional service, strong volumes, high satisfaction levels with clients and a clear dedication to delivering personalised service to meet the needs of both buyers and sellers.”

In 2013 John Paranchi was awarded by Real Estate Business as the “Australian Real Estate Sales Agent of the Year”.

These industry awards are a coveted accolade. Australia’s finest sales agents, property managers and principals as well as leading networks go head to head across various award categories. The fierce competition is reflected in the drive for industry recognition and overall professional standards.

The judges who awarded Mr Paranchi the honour said he epitomised today’s professional agent.

“He impressed us with his consistent level of exceptional service, strong volumes, high satisfaction levels with clients and a clear dedication to delivering personalised service to meet the needs of both buyers and sellers.”

why choose john when selling your most valuable asset?

Local born and bred

A proud local resident for 43 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 10 in McGrath’s 650+ 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 24 years of local sales experience and an outstanding track record. His clearance rate is well above the industry standard and has helped more than 2,200 local families buy and sell during his career.

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 an exceptional service experience for his clients. Rebecca Kindleysides supports John as the team’s buyer manager, Nicole Harrold looks after all the marketing and Emily Lloyd takes care of all the administration. 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 24 years as a successful local agent, John knows a lot of people. He receives calls every day from clients asking his opinion on other agents’ listings. Bank valuers also call him to discuss local property prices. His strong relationships with solicitors 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 FY14. 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. John has set records in every one of his four specialty suburbs – a feat none of his competitors can match. He was also the first agent to sell a home in the area for more than $4M. How you benefit: John can achieve a strong price for you in any market conditions

track record - sold by john paranchi in fy14 1/176 Morrison Road, Putney

$823,000

4 Sunnyside Street, Gladesville

$1,055,000

12 Junction Street, Gladesville

$850,000

68 Osgathorpe Road, Gladesville

$1,080,000

1/25 College Street, Gladesville

$862,500

50A North Road, Ryde

$1,160,000

170 Pittwater Road, Gladesville

$872,500

13 Simpson Street, Putney

$1,175,000

4/18 Junction Street, Gladesville

$878,000

15A Potts Street, Ryde

$1,185,000

71 Monash Road, Gladesville

$915,000

9 Donnelly Street, Putney

$1,200,000

19A Raven Street, Gladesville

$925,000

1 Argyle Avenue, Ryde

$1,200,000

27B Massey Street, Gladesville

$935,000

19 Primrose Avenue, Ryde

$1,200,000

2 Isler Street, Gladesville

$955,000

310 Morrison Road, Putney

$1,200,000

58 Blenheim Road, North Ryde

$975,000

5 Riverside Avenue, Putney

$1,210,000

2/7 Day Street, Drummoyne

$998,000

17 Ratcliffe Street, Ryde

$1,210,000

5 Buffalo Road, Gladesville

$1,000,000

35 Tennyson Road, Gladesville

$1,250,000

54 Eltham Street, Gladesville

$1,014,000

23 Kennedy Street, Gladesville

$1,256,400

39 Massey Street, Gladesville

$1,025,000

40 Phillip Road, Putney

$1,276,000

13 Westminster Road, Gladesville

$1,030,000

23 Aitchandar Road, Ryde

$1,285,000

137 Ryde Road, Hunters Hill

$1,050,000

15 Potts Street, Ryde

$1,290,000

1/4 Nioka Street, Gladesville

$1,050,000

22 Raven Street, Gladesville

$1,315,000

9 Western Crescent, Gladesville

$1,315,000

2 Note Street, Hunters Hill

$1,592,500

61 Downing Place, Gladesville

$1,316,000

22 Kemp Street, Tennyson Point

$1,660,000

20 Junction Street, Gladesville

$1,335,000

11 Spencer Street, Gladesville

$1,671,500

45 Auburn Street, Hunters Hill

$1,365,000

32 Sunnyside Street, Gladesville

$1,700,000

49 Thompson Street, Gladesville

$1,367,000

69 Champion Road, Tennyson Point

$1,725,000

32 Milling Street, Hunters Hill

$1,370,000

8 Eltham Street, Gladesville

$1,750,000

62 Prince Edward Street, Gladesville

$1,420,000

16 Parry Street, Ryde

$1,765,000

55 Monash Road, Gladesville

$1,430,000

10 Windeyer Avenue, Gladesville

Confidential

23 Isler Street, Gladesville

$1,450,000

3 Small Street, Putney

$2,000,000

88A Phillip Road, Putney

$1,450,000

57 Champion Road, Tennyson Point

$2,105,000

154 Charles Street, Putney

$1,460,000

107 Princes Street, Putney

$2,230,000

40 Tyrell Street, Gladesville

$1,463,000

104 Western Crescent, Gladesville

$2,300,000

16 Watson Street, Putney

$1,475,000

43 Batemans Road, Gladesville

Confidential

31 Auburn Street, Hunters Hill

$1,490,000

4 Delmar Parade, Gladesville

$2,350,000

12 Bird Street, Ryde

$1,525,000

16 Mars Street, Gladesville

Confidential

1 Tennyson Road, Ryde

$1,550,000

12 Shackel Avenue, Gladesville

Confidential

71 Westminster Road, Gladesville

$1,575,000

24 William Street, Henley

$3,900,000

mcgrath.com.au

John Paranchi 02 9816 8110 0411 508 890 johnparanchi@mcgrath.com.au