Welcome Welcome to our bi-monthly newsletter, we hope you like our fresh new design and the additional information included. If you are still hoping to buy over the break, please contact me on the details below as we have several properties listed but not advertised.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
The Local Market What a year it’s been in both local and Sydney real estate. We have seen some truly amazing prices being achieved in the local area with buyer demand at unprecedented levels and properties selling far above reserve when positioned and marketed correctly. My team and I have had a wonderful year thus far selling close to 60 properties for our clients and we are not finished yet with some wonderful local homes due to auction in December. According to RP Data, Sydney house prices are up 12.1% for January-November, so the pace of growth in 2014 has not been far off the remarkable 15.2% growth we saw in 2013. Clearance rates have hovered around the boom-
time level of 80% for most of the year, although they have tapered into the 70% range this month – as expected, due to a huge amount of stock that has come onto the market in the traditional preChristmas rush to sell. We are now taking bookings for 2015 campaigns. If you are considering selling, please call me on 0411 508 890 for a free no-obligation appraisal, including a discussion of small improvements you could make over the holidays to maximise your home’s potential selling price. I would like to take this opportunity to wish you and your family a Merry Christmas and a safe and Happy New Year.