john paranchi
property report fy15
gladesville | tennyson point | putney
the local market It has been another exceptional year in local real estate, with my team and I achieving just under $80M in sales including three suburb records in Putney and Gladesville. As a Partner at McGrath Hunters Hill, I am pleased to report our office sold 260 homes in FY15 worth $450M. Our average ‘days on market’ was just 27 and we achieved an auction clearance rate of 87%. Our company database continues to be an invaluable marketing tool, with 2,475 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 $2.6M compared to $2.105M in FY14. During the year, my team and I secured the highest sale price in Putney ever at $4.25M (McGowan Street); the highest non-waterfront sale in Gladesville at $3.75M (Spencer Street); and the highest non-waterfront sale in Putney at $3.5M (Watson Street). Market confidence has remained high, buoyed by two further official interest rate cuts in February and May. Upgraders have been driving the market and a severe shortage of homes for sale has resulted in some extraordinary prices at auction. Moving forward, we expect a strong Spring season and a slower pace of price growth in 2016. Please see over the page for a detailed summary of how local property prices have changed in FY15. This data was compiled by independent researchers, Australian Property Monitors. To ensure accuracy, we have removed all ‘out of line’ sales including family transactions and confidential prices. If you have any questions regarding this report, or if you are considering your real estate options, please don’t hesitate to contact me today.
John Paranchi McGrath Estate Agents D 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
a message from the ceo 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). Saturday auction clearance rates are holding steady in the 80%-plus range, which is extraordinarily high. We saw an all-time record on May 9 with an 89.2% clearance – phenomenal stuff. Another factor helping the Sydney market along is the strengthening NSW economy and high levels of migration. 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.
John McGrath CEO McGrath Estate Agents
year to date house price comparison Gladesville
Houses Sold FY14 Houses Sold FY15 Average Price FY14 Average Price FY15 Annual Growth FY14 Annual Growth FY15
126 88 $1,456,000 $1,714,000 +17.70% +15.04%
Tennyson Point
11 Cowell Street, Gladesville Sold by John Paranchi
Houses Sold FY14 Houses Sold FY15 Average Price FY14 Average Price FY15 Annual Growth FY14 Annual Growth FY15
15 15 $2,695,000 $2,157,000 +69.81% -19.94%
Putney
Houses Sold FY14 Houses Sold FY15 Average Price FY14 Average Price FY15 Annual Growth FY14 Annual Growth FY15
26 Spencer Street, Gladesville Sold by John Paranchi
53 63 $1,440,000 $1,951,000 +3.44% +35.48%
Notes: No Strata title included. Information provided by Australian Property Monitors as at 30th June 2015 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 2014 – 30th June 2015. Development sites, units, out of line sales and undisclosed prices are not included.
the top 20
3 Teemer Street, Tennyson Point Sold by John Paranchi
15 Douglas Street, Putney Sold by John Paranchi
*Sold by John Paranchi and the team at McGrath
1
75 Wharf Road, Gladesville
$5,020,000
2
34 McGowan Street, Putney
$4,250,000
3
6 Waterview Street, Putney
$3,775,000
4
26 Spencer Street, Gladesville
$3,750,000
5
22 Watson Street, Putney
$3,500,000
6
10A Pile Street, Gladesville
$3,500,000
7
22 Regent Street, Putney
$3,330,000
8
172 Tennyson Road, Tennyson Point
$3,300,000
9
5 Pile Street, Gladesville
$3,238,000
10
80 Pellisier Road, Putney
$2,995,000
11
63 Wharf Road, Gladesville
$2,900,000
12
45 Batemans Road, Gladesville
$2,900,000
13
76 Pellisier Road, Putney
$2,825,000
14
17 Beach Street, Tennyson Point
$2,810,000
15
10 Beach Street, Tennyson Point
$2,755,000
16
24 Osgathorpe Road, Gladesville
$2,750,000
17
18 Delange Road, Putney
$2,701,000
18
30 Regent Street, Putney
$2,650,000
19
3 Teemer Street, Tennyson Point
$2,620,000
20
52 Regent Street, Putney
$2,600,000
Notes: Sales highlighted sold by John Paranchi and the team at McGrath. 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. Development sites, units and undisclosed prices by other agencies (if any) have been excluded.
28 Hillcrest Avenue, Gladesville Sold by John Paranchi
what our clients say “Many thanks for your assistance and expertise in the sale of our home. It is a very emotional time after 38 years but your professionalism and caring attitude made it a pleasure. We achieved an excellent result thanks to your efforts and have no problem in recommending you John, Rebecca, Nicole and Emily to anyone intending to sell in the future. Also the gift basket was a very delicious and thoughtful surprise.” Des and Judy – Storey Street, Putney (2015)
“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 and Annabel – Hillcrest Avenue, Gladesville (2015)
“John Paranchi and his entire team made the experience of selling our home a very good one. From day one to even after the sale of our home we have been serviced with the upmost professionalism, always on time, knowledgeable, polite, honest, proactive, always kept us up to date with the great marketing tools at their disposal, and overall friendly people to deal with who take pride in what they do. The sale of our home was a great success and that is testament to the premium service John and his team provided. McGrath has a reputation for premium homes and service, that’s what we wanted, and that’s what we got. I would have no hesitations in recommending John and his team to other prospective sellers.” Alan and Mariam – Buffalo Road, Gladesville (2015)
“John and his team are consummate professionals and made the process of selling our home completely painless. We easily exceeded our expectations on our sale price, which has enabled us to successfully move to our new property in the countryside. The quality of the marketing package put together by McGrath is what really facilitated our property to stand out and attract relevant buyers to what could have easily been a difficult property to sell. I wanted to thank the entire team at McGrath for a truly outstanding experience and result.” Robert and Nina – Higginbotham Road, Gladesville (2015)
“John and the team at McGrath have been an absolute pleasure to work with. We were selling our property from overseas, yet John, Emily and Nicole made the process so seamless, smooth and professional. They took care of literally everything with great attention to detail and timely deliverables. We would have no hesitation working with McGrath in the future.” Bernard and Linda – Clayton Street, Ryde (2015)
“Robert and I were very happy with all aspects of the interaction with yourself and Rebecca and Nicole. Everyone was helpful, kind and very professional. I would absolutely recommend you and your team to any of my friends of colleagues as an extraordinarily professional agency.” Robert and Fiona – Hillcrest Avenue, Gladesville (2015)
“John was, early on in our discussions with agents, the person I wanted to manage the sale of our property. John’s knowledge of the Gladesville / Hunters Hill market is second to none and he inspires confidence as being someone who can get the best result. With us based in the UK during the campaign, it was essential to appoint an agent who was absolutely comfortable to communicate remotely and John made a huge effort from the outset to show this would be no issue. He is professional, relates well to anyone and somehow makes his work look easy. During the campaign it became clear that it would be better to bring forward the auction date as there were sufficient interested parties (getting impatient to buy!). John was able to explain the situation and changed the auction date with no fuss. We are delighted that we chose the McGrath sales team, as they surpassed all expectations at auction in terms of price and were overall great to deal with. We would have no hesitation in recommending John.” Daniel and Clare – Windeyer Avenue, Gladesville (2015)
proudly local
Riverside Parks
Gladesville Ravens
Banjo Patterson Park
Riverside Market
Monash Park
Cucinetta
River Cycleway
Ottimo Italian Kitchen
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.
why choose john when selling your most valuable asset? Local born and bred
A proud local resident for 44 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 700+ 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, is often asked to mentor his peers and speak at company training events. This year he was invited to speak to 800 real estate professionals at Ideas Exchange. 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 FY15. 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 fy15
Ryde SOLD
North Ryde
SOLD
88 Church Street
64 Kent Road
$1,060,000
$898,000
Ryde SOLD
Ryde SOLD
5 Clayton Street
12 Malvina Street
$1,100,000
$1,170,000
Putney SOLD
Gladesville SOLD
Ryde SOLD
Putney SOLD
152 Morrison Road
11/10 Batemans Road
14 Milne Street
34A Gregory Street
North Ryde 7 Chauvel Street
$1,180,000
SOLD $1,285,000
$1,190,000
$1,200,000
$1,250,000
Putney SOLD
Gladesville SOLD
Gladesville SOLD
2 Hordern Avenue
11 Cowell Street
1 Higginbotham Road
$1,286,000
$1,325,000
$1,335,000
Putney SOLD
Putney SOLD
Ryde SOLD
Ryde SOLD
36 Gregory Street
7/45 Pellisier Road
6 Acacia Avenue
37 Pooley Street
$1,355,000
$1,365,000
$1,375,000
$1,390,000
Gladesville SOLD
Ryde SOLD
Gladesville SOLD
Gladesville SOLD
38 Makinson Street
1 Searle Street
7 Diggers Avenue
32 Prince Edward Street $1,500,000
$1,420,000
$1,430,000
$1,463,000
Gladesville SOLD
Ryde SOLD
Putney SOLD
Gladesville SOLD
4 Windeyer Avenue
5 Stuart Street
15 Douglas Street
1 Oxford Street
$1,500,000
Gladesville SOLD 64 Osgathorpe Road
Hunters Hill 30 Milling Street
$1,510,000
Gladesville SOLD
$1,638,000
11 Hillcrest Avenue
$1,745,000
SOLD
Tennyson Point
SOLD
$1,835,000
44 Champion Road
$1,861,000
$1,610,000
$1,625,000
Gladesville SOLD
Putney SOLD
58A Higginbotham Road $1,750,000
6 Storey Street
Tennyson Point
Putney SOLD
15 Bayview Street
SOLD $1,900,000
22 Gregory Street
$1,785,000
$1,906,000
track record - sold by john paranchi in fy15
East Ryde 28 Finch Avenue
SOLD $2,050,000
Gladesville SOLD
Putney SOLD
Putney SOLD
8 Buffalo Road
13 Storey Street
1 Pellisier Road
Gladesville SOLD
Tennyson Point
28 Hillcrest Avenue
3 Teemer Street
$2,401,000
$2,200,000
SOLD $2,620,000
Hunters Hill 78 Park Road
$2,300,000
SOLD $2,650,000
$2,330,000
Gladesville SOLD 63 Wharf Road
$2,900,000
Putney SOLD
Putney SOLD
Gladesville SOLD
Putney SOLD
80 Pellisier Road
22 Watson Street
26 Spencer Street
34 McGowan Street
$2,995,000
John Paranchi D 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
$3,500,000
$3,750,000
$4,250,000