Welcome The local rugby and soccer seasons have kicked off and as major club sponsors we look forward to seeing you out there! Easter falls early with the long weekend April 3-6 and school holidays April 3-20. We are already taking bookings for postEaster campaigns, so please call us today.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market We have had a cracking start to the year with my team achieving 7 sales worth $13M in February alone, preceded by 2 sales in January. Buyer demand in Gladesville, Putney and Tennyson Point remains very strong. In January/February, we met 517 buyers – including 100 at a single open in Gladesville, issued 133 contracts and welcomed 25 registered bidders amongst our first four auctions for the year. Sydney auction clearance rates have returned to boomtime levels above 80% and home values have continued to rise – up 1.4% in January and another 1.4% in February, according to RP Data. The surprise official interest rate cut in February has taken home loan rates to a new record low. This combined
with a severe shortage of local stock for sale means we are in for a strong season. Today’s market presents a once-in-a-lifetime opportunity for sellers. Any agent can sell a home right now but maximising the price is a vastly different skill. The agents with genuine buyer relationships and strong local knowledge and experience are the best equipped to achieve a truly outstanding price that could make a real difference to your financial situation. If you are considering selling, please call me for a free no-obligation appraisal on 0411 508 890.
A Word From John McGrath We’ve had two exceptional years of capital growth in Sydney and 2015 is off to a cracking start with clearance rates returning to above 80% over the first three auction weekends of this year. You’d think in this climate that home owners who have been thinking of selling would feel pretty confident about listing right now, but strangely enough, listings are down. The latest figures I’ve seen from realestate.com.au show listings are down by 10% on the same time last year. Why is this happening? My guess is a lot of people are worried about selling and not being able to get back into the
market because it’s been rising at a 45-degree trajectory. It’s understandable that sellers are worried about being caught without a home. If the market goes up another 5-10% while they’re looking, it’s going to cost them money.
When will we see more stock? I think if there’s a more modest growth pattern going forward, this will entice more people back onto the market. For now, it’s a bit of a waiting game.
We Love Community – Gladesville Public School
Did You Know? According to realestate.com.au 88% of potential buyer’s use online as their main tool to search for property.
Gladesville Public School has settled well into the new school year with 504 students in attendance. The Kindergarten students had a great start, supported by our buddy program. The new and returning families were welcomed with our annual Greetings on the Green.
We are already well into the sporting calendar, with some outstanding performances at the swimming carnival. This year sees the Bi-annual Wakikiri Dance competition. 100 children will be busy rehearsing the chosen story through dance.
The newly elected P and C are set for a great 2015, a mix of returning and fresh new faces; already working on a full calendar of events to support and engage the GPS community. 2015 looks to be a busy and exciting community to be part of.
Case Studies 58A Higginbotham Rd, Gladesville
4 Bed, 2 Bath, 2 Car Sold: $1.75M Sale Date: 21st Feb 2015 Sale Method: Auction Days on Market: 30 Buyer Origin: Hunters Hill Registered Bidders: 7 Contracts Issued: 27 Land Size: 935sqm
4 Windeyer Ave, Gladesville
2 Bed, 1 Bath, 1 Car Sold: $1.5M Sale Date: 18th Feb 2015 Sale Method: Auction Days on Market: 30 Buyer Origin: Panania Registered Bidders: 17 Contracts Issued: 51 Land Size: 638sqm
Raving Fans “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. The quality of the marketing package put together by McGrath is what really facilitated our property to stand out.� Robert & Nina 58A Higginbotham Rd, Gladesville
Our Recent Sales
80 Pellisier Road, Putney $2.995M
63 Wharf Road, Gladesville $2.9M
58A Higginbotham Road, Gladesville $1.75M
32 Prince Edward Street, Gladesville $1.5M
4 Windeyer Avenue, Gladesville $1.5M
34A Gregory Street, Putney $1.25M
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Recent Sales Gladesville, Tennyson Point & Putney (1 January - 28 February 2015) Address
Date
Price
32 Prince Edward Street, Gladesville
Feb 15
$1.5M
22 Gregory Street, Putney
Feb 15
$1.906M
34A Gregory Street, Putney
Feb 15
$1.25M
80 Pellisier Road, Putney
Feb 15
$2.995M
146 Charles Street, Putney
Feb 15
$1.3M
58A Higginbotham Road, Gladesville
Feb 15
$1.75M
216 Pittwater Road, Gladesville
Feb 15
$1.262M
6 Teemer Street, Tennyson Point
Feb 15
$1.550M
3 Venus Street, Gladesville
Feb 15
$1.635M
4 Windeyer Avenue, Gladesville
Feb 15
$1.5M
63 Wharf Road, Gladesville
Feb 15
$2.9M
16 Manning Road, Gladesville
Feb 15
$1.728M
47 Swan Street, Gladesville
Feb 15
$1.75M
66A Eltham Street, Gladesville
Feb 15
$1.079M
1 Clare Street, Gladesville
Jan 15
$1.761M
66A Pellisier Road, Putney
Jan 15
$1.9M
Sales highlighted sold by John Paranchi and the team at McGrath showing a 50% Market Share.
Putney FY14 Year to date house price comparison
59
$1.392M
$1.44M
+8%
53
+3.44%
FY13
FY14
Houses sold
FY13
FY14
Average price
FY13
FY14
Annual growth
Note: 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.