Josh Mana Terrigal Report March 2018

2018 Property report Terrigal Josh Mana

A word from Josh Mana

Welcome to my latest 6 month Terrigal report.

2017 definitely saw some speculation surrounding whether or not our Central Coast market would see a softening due to reports of the Sydney market preparing for a correction. From our point of view, although some investors may have dropped out of being active due to toughening lending criteria, the owner occupier and holiday home buyers have still stayed strong and when matched with the right property have continued to act quickly and with confidence. We are very excited about 2018 and are expecting to see either a stabilising market or even incremental growth in certain pockets, including Terrigal and neighbouring suburbs as they sit as aspirational suburbs of the Central Coast.

John McGrath recently shared some of the reasons he believes there will not be a major correction anytime soon.

Population growth far outpaces new build, there is some $2.3 trillion in superannuation money looking for safe stable returns and with global trends making money relatively cheap, the likelihood of interest rates returning to their traditional levels in the near future is unlikely.

So we are definitely approaching 2018 with great enthusiasm as we have great confidence that our wonderful Coast will continue to be appealing to buyers looking for stable returns, a beautiful holiday destination with great capital growth and most of all a wonderful place to call home.

Josh Mana 4384 0237 0455 050 888 joshmana@mcgrath.com.au

Terrigal statistics

1% 1%

Highest sale price

$3.95m

Lowest sale price

$400k

How many sold in the last 6 months

141

How many on the market today

58

Median sale price

$921k

Average days on market

55

McGrath average days on market

23

4%

9%

46% 39%

Where do our buyers come from?*

• Sydney Metro • Central Coast • Same or adjoining suburb • Regional NSW • N/A • Interstate Overseas – 0%

* McGrath Terrigal sales in the last 6 months.

Source: MARS (McGrath’s CRM System)

Top 30 sales in Terrigal No.

Address

Bed

Bath

Car

Land size

Sale price

1

12 Scenic Highway, Terrigal

3

3

4

1,1094sqm

$3.95m

2

9/20 Terrigal Esplanade, Terrigal

3

3

4

–

$3.23m

3

9/2 Maroomba Road, Terrigal

4

3

3

–

$3.23m

4

51/8 Terrigal Esplanade, Terrigal

3

3

2

–

$2.54m

5

23/8 Terrigal Esplanade, Terrigal

2

2

1

–

$2.2m

6

2/30-32 Barnhill Road, Terrigal

3

2

2

–

$1.95m

7

2/18 Campbell Crescent, Terrigal

3

2

2

–

$1.8m

8

24 Farrand Crescent, Terrigal

3

3

3

–

$1.8m

9

2/1 Ena Street, Terrigal

3

3

2

–

$1.8m

10

4/49 Ash Street, Terrigal

4

2

2

–

$1.79m

11

12 Ogilvie Street, Terrigal

3

2

1

1208sqm

$1.7m

12

175 Scenic Highway, Terrigal

3

2

2

696sqm

$1.695m

13

410 Terrigal Drive, Terrigal

5

3

3

3,902sqm

$1.67m

14

1/18 Campbell Crescent, Terrigal

3

2

2

347sqm

$1.605m

15

6/32 Campbell Crescent, Terrigal

4

2

3

–

$1.585m

16

2/19 Grosvenor Road, Terrigal

4

2

2

–

$1.5m

17

50 Hillcrest Street, Terrigal

3

2

2

1,303sqm

$1.5m

18

30/8 Terrigal Esplanade, Terrigal

3

3

2

–

$1.5m

19

5 Sonny Crescent, Terrigal

4

3

2

650sqm

$1.46m

20

602/6 Pine Tree Lane, Terrigal

3

2

2

–

$1.46m

21

54 Hillcrest Street, Terrigal

5

3

2

462sqm

$1.39m

22

1/10 Grosvenor Road, Terrigal

3

2

2

299sqm

$1.3m

23

91 Riviera Avenue, Terrigal

4

3

2

869sqm

$1.25m

24

57 Anniversary Avenue, Terrigal

3

4

2

575sqm

$1.25m

25

13 Denison Street, Terrigal

5

3

2

1,729sqm

$1.24m

26

18B Hillcrest Street, Terrigal

5

4

3

658sqm

$1.195m

27

2 Blue View Crescent, Terrigal

4

3

2

468sqm

$1.192.5m

28

63/29 Brunswick Road, Terrigal

4

3

2

315sqm

$1.175m

29

41 Hillcrest Street, Terrigal

5

4

2

626sqm

$1.155m

30

2/15 Quarang Road Terrigal

3

2

2

–

$1.15m

Notes: This information is being provided by Australian Property Monitors and CoreLogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed.

Parties should rely on their own enquiries and McGrath will not be liable for error or admissions herein

Recent sales by McGrath Terrigal

1/30 Havenview Road Sold $985k 24 days on market

50 Hillcrest Street Sold $1.50m 22 days on market

16 Fairway Drive Sold $1.095m 56 days on market

418/6 Pine Tree Lane Sold $785k 51 days on market

20 Ash Street Sold $1.70m 31 days on market

57 Anniversary Avenue Sold $1.25m 11 days on market

2/30 Barnhill Road Sold $1.95m 3 days on market

2/37 Havenview Road Sold $840k 38 days on market

15 Bridgewater Place Sold $1.10m 44 days on market

Testimonials “We felt at ease from our first meeting with Josh and built a relationship which gave us confidence throughout the entire process. We felt that Josh was the agent we trusted to market our investment property. He exhibited an enthusiastic, professional approach with his informative communication. At all times he was prompt, helpful and friendly with an ability to answer any concerns we raised. Josh made sure we were kept informed and felt comfortable at every stage throughout the process of the sale. Josh worked hard for us to achieve a good result within a short time frame. We have no problems in recommending Josh Mana to our family and friends.”

Graham & Janet – 11/280 Terrigal Drive

“From the minute I rang Josh he has gone above & beyond with helping us with everything to do with our purchase & moving in”.

Karen & Joe – 34/2 Brunswick Road