Welcome I’d like to welcome two new members of my team – Sales Agent, Phillip Commandeur and Client Service Manager, Ashleigh Moltzen. Phillip is an experienced agent and an invaluable second point of contact for my buyers. Ashleigh works with our clients to ensure that everything runs smoothly.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market With the election over and a further interest rate cut in August, we are looking forward to a busy spring season. There will be more homes coming onto the market, which will bring welcome relief to buyers following a severe shortage of stock for most of the year. We have added 1,000 new buyers to our office database in just over 12 months and we expect strong competition for homes marketed in early spring while demand still outstrips supply. Sydney property prices have continued to rise in 2016, albeit at a slower pace which is appropriate after such a phenomenal boom. The latest statistics from CoreLogic RP Data show Sydney’s median
home value has risen by an extraordinary 61.3% since June 2012 when this growth cycle began. The city’s auction clearance rates remain very high, which is unusual at the end of a boom and largely due to the severe shortage of stock. Meantime, Sydney’s average days on market has increased by two weeks to 40 days over the past year, while our office has retained a 26 day average. We believe spring presents one of the last opportunities to fully capitalise on Sydney’s boom. Demand remains very high in our area and vendors who go to market early this spring will benefit most.
A Word From John McGrath
With so many great renovating and home decorating shows on TV these days, it’s no wonder people get inspired to make
over their own homes. But ripping out entire rooms – which is what we usually see on TV – is not always required to achieve a great new look. There are plenty of cheap and easy ways to give your home a facelift without going to the expense of total replacement. You could literally save thousands of dollars if you just do a little research and have a good walk around your local hardware store. When doing any kind of renovations, you need to consider what actually suits your home. I also recommend keeping re-sale in mind, even if you intend to stay put for the foreseeable future. For example, if you own a modest home at the
more affordable end of the price scale, don’t go tiling the bathroom with travertine stone because buyers in your price bracket will not pay more for that. Equally, if you’re renovating a larger home at the middle to higher end of the price scale, don’t use cheap ceramic tiles when your buyers will expect travertine. If you need help making decisions, contact a local agent. Good agents will be more than willing to give you advice even if you have no plans to sell, so why not leverage their expertise to help you make the right call on your next round of home improvements?
We Love Community – Hunters Hill Junior Rugby Club
Did You Know? People don’t realise it, but McDonald’s isn’t just a restaurant chain, it’s one of the world’s best real estate portfolios.
As the 2016 season draws towards its exciting conclusion, it’s been a great year at Hunters Hill Junior Rugby, with well over 650 players and volunteers involved through all facets of the game. We move into the final rounds of the competition for 2016, it’s
very exciting that Hunters Hill Juniors are in the race for the finals with all of its 14 sides and the Clubs Senior division with 3 sides in the semifinals. We would like to thank McGrath Hunters Hill for their ongoing support for the club, without the assistance of
Hunters Hill Junior’s fantastic sponsor’s, our club would be much different. Best of luck to all the boys and girls over the coming weeks, as they embark on the finals of their competitions. Go Hunters Hill!
Our Recent Sales
16A Pile Street, Gladesville Confidential
28 Warner Street, Gladesville $1.68M
33 The Strand, Gladesville $1.6M
16 Diggers Avenue, Gladesville 5 Linsley Street, Gladesville $1.515M $1.385M
We Love The Bayview The Bayview is one of the friendliest and most vibrant pubs in Sydney and has been home to live music and comedy for generations. Boasting a large open bar and multiple outdoor areas, it’s is not only perfect for a party with friends, but equally suitable for a quiet drink and everything in between. A modern menu created by Head Chef, Greg Bookallil, outstanding live entertainment and excellent coverage of all the big games, you just can’t go past the Bayview. facebook.com/bayviewgladesville
9 Squire Street, Ryde $1.67M
Recent Sales – Gladesville & Putney (1 Jun 2016 – 31 Jul 2016) Address
Date
Price
5 Linsley Street, Gladesvielle
09 Jul
$1.385M
33 The Strand, Gladesville
09 Jul
$1.6M
30 Frances Road, Putney
09 Jul
Confidential
73 Phillip Road, Putney
09 Jul
$1.52M
4 Laura Street, Gladesville
09 Jul
Confidential
66A Higginbotham Road, Gladesville
12 Jul
Confidential
44 Mitchell Street, Putney
13 Jul
$1.8M
22A Cambridge Street, Gladesville
16 Jul
$1.75M
29 Regent Street, Putney
27 Jul
Confidential
16 Diggers Avenue, Gladesville
27 Jul
$1.515M
31 Spencer Street, Gladesville
30 Jun
Confidential
2 Hepburn Avenue, Gladesville
29 Jun
Confidential
16A Pile Street, Gladesville
25 Jun
Confidential
28 Warner Street, Gladesville
25 Jun
$1.68M
42 Westminister Road, Gladesville
25 Jun
$1.6M
35 Boulton Street, Putney
24 Jun
Confidential
15 Thompson Street, Gladesville
18 Jun
$2.11M
20 Payten Street, Putney
18 Jun
Confidential
30 Tennyson Road, Gladesville
11 Jun
Confidential
52 Osborne Avenue, Putney
10 Jun
$1.52M
6 Pelician Street, Gladesville
9 Jun
$1.6M
2A College Street, Gladesville
04 Jun
$2M
33 Massey Street, Gladesville
04 Jun
$1.33M
36 Frances Road, Putney
04 Jun
Confidential
40 Pellisier Road, Putney
04 Jun
$1.535M
21 Stanley Street, Putney
03 Jun
$2.55M
Note: Sales highlighted sold by John Paranchi and the team at McGrath showing a 35% Market Share. No Strata title 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 5 Linsley Street, Gladesville
2 Bed, 1 Bath, 2 Car Sold: $1.385M Sale Date: 9th July 2016 Sale Method: Auction Days on Market: 25 Buyer Origin: Gladesville Contracts Issued: 19 Land Size: 404sqm
28 Warner Street, Gladesville
3 Bed, 1 Bath, 1 Car Sold: $1.68M Sale Date: 23rd June 2016 Sale Method: Prior to auction Days on Market: 23 Buyer Origin: Lane Cove Contracts Issued: 15 Land Size: 562sqm
Raving Fans “Selling and buying is one of life’s most stressful moments. Our recent experience with John was exceptional. Sure we suffered some stress selling the family home of 20 years, however John guided the way and made it pain free and easy.” Ian and Jenny 40 Pellisier Road, Putney