Naremburn Property Report 2014

2013 NAREMBURN 2014 PROPERTY REPORT PETER CHAUNCY

Peter Chauncy

Peter Chauncy and his team at McGrath It’s no surprise that Naremburn has continued to increase in popularity among property buyers seeking value-formoney on Sydney’s Lower North Shore. As a lifestyle suburb, it brings together all the growth factors required for consistent demand and solid price growth. The area enjoys good proximity to the city, great infrastructure and has seen widespread gentrification as house-proud owners update and add value to their homes.

The 2013/2014 financial year saw some remarkable results as my team set new price benchmarks in Naremburn with a Talus Street home achieving a suburb record $2,305,000 at auction - breaking our own record from 2010. We also broke the price record for a semi-detached property with a home in Grafton Avenue selling for $1,600,000. There were a total of 79 properties sold in Naremburn for the year with McGrath successfully negotiating the sale of 60 of these. In fact, we sold 15 of the top 20 sales in Naremburn for the year. That’s a 77% market share, but it doesn’t stop there. Peter Chauncy’s team represented the sale of 107 properties across the Lower North Shore with a 90% auction success rate and an average 17 days on market.

Results like these are the product of having a specialist team of real estate professionals dedicated to raising the standard with every property we represent. My team has complementary strengths that work together to bring unprecedented levels of customer service and results to the market. It takes experience, market knowledge and expert negotiation skills to ensure vendors are getting the highest possible price – and not settling for anything less.

If I can help you with the sale of your property in Naremburn or the local area, please call me and find out how a true area specialist can make the difference between a good outcome and a great one.

Peter Chauncy Naremburn Specialist D 8115 0401 M 0402 036 489 E peterchauncy@mcgrath.com.au

Top 20 Sales - Financial Year 2013/2014 Address

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

11 Talus Street

4

2

2

Mar 2014

600sqm

$2,305,000

McGrath

52 Garland Road

5

3

2

Nov 2013

503sqm

$2,135,000

Ray White LNS

20 Wheatleigh Street

4

2

2

Sep 2013

559sqm

$2,130,000

McGrath

6A Rhodes Avenue

4

2

1

Nov 2013

487sqm

$2,000,000

McGrath

6 Waters Road

4

2

2

Sep 2013

582sqm

$2,000,000

McGrath

17 Probate Street

4

2

0

Feb 2014

517sqm

$1,950,000

McGrath

3 Gaza Road

4

2

1

Jun 2014

386sqm

$1,910,000

LJ Hooker

57 Mitchell Street

3

2

1

May 2014

323sqm

$1,900,000

McGrath

8 Grandview Street

4

2

2

Sep 2013

531sqm

$1,730,000

McGrath

24 Plunkett Street

3

2

2

Nov 2013

354sqm

$1,725,000

McGrath

10 Central Street

4

2

3

Mar 2014

461sqm

$1,716,180

McGrath

7 King Street

4

2

2

Aug 2013

417sqm

$1,715,000

McGrath

46 Darvall Street

3

2

1

Feb 2014

242sqm

$1,707,000

McGrath/LJ Hooker

4 Quarry Street

4

2

2

Oct 2013

549sqm

$1,705,000

McGrath

2A Dargan Street

4

3

2

Oct 2013

601sqm

$1,705,000

Belle

98 Northcote Street

3

2

0

Feb 2014

481sqm

$1,700,000

McGrath

31 Plunkett Street

3

2

1

Nov 2013

215sqm

$1,656,000

McGrath

4 Wheatleigh Street

3

1

3

May 2014

564sqm

$1,650,000

Morton & Morton

11 Probate Street

3

2

1

Aug 2013

354sqm

$1,650,000

McGrath

75 Northcote Street

4

3

1

Oct 2013

551sqm

$1,650,000

Private Sale

Notes: (i) This information is being provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

“From the initial meeting through to the sale of our home we were impressed with your comprehensive knowledge of the Naremburn market and general market sentiment. You and your team ran a first class campaign from start to finish. Your attention to detail, advice and follow up was comprehensive. The level of communication that we received during the course of the campaign was excellent and we always felt fully informed at every step of the way. The result that you subsequently delivered at Auction was well beyond our expectations and we were so pleased that we helped you break the new suburb record for Naremburn! We appreciated your professionalism and dedication to achieving a great result for us and would highly recommend you and your team to anyone considering selling their property in the area.”

11 Talus Street, Naremburn - Lisa and Martin

“There is no other choice than Peter and his team. We had confidence that they would be able to achieve the best possible result in selling our property. Their ongoing support and open communication made the process stress free. We trusted them and took on their advice and expertise – which resulted in a fantastic outcome. The daily communication was appreciated and their professionalism and attention to detail exceeded my expectations.”

20 Wheatleigh Street, Naremburn - Nicole and Cameron

Naremburn Statistics Financial Year 2012/2013

All agencies combined

McGrath share

55

37

Average sale price for houses

$1,266,667

$1,289,839

Total value sold

$68,173,000

$47,690,000

All agencies combined

McGrath share

79

60

$1,469,736

$1,479,820

$116,109,180

$88,789,180

Number of houses sold

Financial Year 2013/2014 Number of houses sold Average sale price for houses Total value sold

Naremburn Agent Market Share - Financial Year 2013/2014 1% 1%1% 1%1% 1% 1% 2% 2%

McGrath Ray White LNS Morton & Morton

3%

R & H Chatswood Ray White Willoughby Belle Century 21

3% 3% 4%

David Murphy Harbourline Hockeys LJ Hooker Private Sale R & H Crows Nest Sutton Anderson

77%

Notes: (i) This information is being provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

“It goes without saying that we are both thrilled with the result and want to thank you again for the fantastic job you did on our behalf.

As you know literally years of planning went into the design and renovation of No. 17 and we were extremely proud to see all our efforts come home to roost. This would not have been possible however without you Peter. Your knowledge and expertise certainly lived up to reputation, not to mention your incredibly high level of integrity and professionalism throughout the process. You managed everything so perfectly in our absence, and as for lining up the buyer for our arrival, pure magic! It is certainly a relief not to be counting down to auction this Saturday, instead we will be celebrating our new abode with a housewarming here in Christchurch.”

17 Probate Street, Naremburn - Ben and Samantha

“We wouldn’t hesitate to recommend Peter Chauncy and his team at McGrath. From the moment we first sat down to discuss the sale of our property Peter was very organised, reassuring and calm. Peter provided excellent advice and contacts to get our home ready for sale, and on the big day the place looked spectacular. Throughout the sales process Peter was always available to answer our questions and concerns. We were very happy with the entire campaign and the price ultimately achieved.”

57 Mitchell Street, Naremburn - Janine and Eddie

Naremburn Sales - Financial Year 2013/2014 Address 11 Talus Street 52 Garland Road 20 Wheatleigh Street 6A Rhodes Avenue 6 Waters Road 17 Probate Street 3 Gaza Road 57 Mitchell Street 8 Grandview Street 24 Plunkett Street 10 Central Street 7 King Street 46 Darvall Street 4 Quarry Street 2A Dargan Street 98 Northcote Street 31 Plunkett Street 4 Wheatleigh Street 11 Probate Street 75 Northcote Street 14 Oxley Street 90 Northcote Street 34A Grafton Avenue 14 Grafton Avenue 21 Grafton Avenue 15 Rhodes Avenue 30 Grafton Avenue 12 Merrenburn Avenue 19 Wheatleigh Street 265 Claire Street 28 Park Road 25 Grafton Avenue 47 Mitchell Street 273 Claire Street 27 Rhodes Avenue 18 Station Street 85 Brook Street 8 Grafton Avenue 5 Bongalong Street 28 Grafton Avenue

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

4 5 4 4 4 4 4 3 4 3 4 4 3 4 4 3 3 3 3 4 3 3 4 3 3 3 3 4 3 3 3 3 3 4 3 3 4 3 3 3

2 3 2 2 2 2 2 2 2 2 2 2 2 2 3 2 2 1 2 3 2 2 2 2 1 1 2 2 1 2 2 1 1 3 2 2 3 2 1 1

2 2 2 1 2 0 1 1 2 2 3 2 1 2 2 0 1 3 1 1 1 2 2 2 2 1 2 2 2 2 2 1 1 1 0 1 3 1 0 2

Mar 2014 Nov 2013 Sep 2013 Nov 2013 Sep 2013 Feb 2014 Jun 2014 May 2014 Sep 2013 Nov 2013 Mar 2014 Aug 2013 Feb 2014 Oct 2013 Oct 2013 Feb 2014 Nov 2013 May 2014 Aug 2013 Oct 2013 Oct 2013 Oct 2013 May 2014 Feb 2014 Jun 2014 Nov 2013 Jun 2014 Dec 2013 Feb 2014 Mar 2014 Nov 2013 Apr 2014 Dec 2013 Sep 2013 Oct 2013 Mar 2014 Jul 2013 Jun 2014 Mar 2014 Mar 2014

600sqm 503sqm 559sqm 487sqm 582sqm 517sqm 386sqm 323sqm 531sqm 354sqm 461sqm 417sqm 242sqm 549sqm 601sqm 481sqm 215sqm 564sqm 354sqm 551sqm 215sqm 449sqm 410sqm 379sqm 556sqm 335sqm 416sqm 664sqm 557sqm 367sqm 523sqm 556sqm 215sqm 367sqm 310sqm 301sqm 546sqm 366sqm 399sqm 411sqm

$2,305,000 $2,135,000 $2,130,000 $2,000,000 $2,000,000 $1,950,000 $1,910,000 $1,900,000 $1,730,000 $1,725,000 $1,716,180 $1,715,000 $1,707,000 $1,705,000 $1,705,000 $1,700,000 $1,656,000 $1,650,000 $1,650,000 $1,650,000 $1,625,000 $1,601,000 $1,600,000 $1,600,000 $1,590,000 $1,580,000 $1,550,000 $1,550,000 $1,530,000 $1,500,000 $1,500,000 $1,480,000 $1,470,000 $1,470,000 $1,461,000 $1,460,000 $1,450,000 $1,440,000 $1,430,000 $1,426,000

McGrath Ray White LNS McGrath McGrath McGrath McGrath LJ Hooker McGrath McGrath McGrath McGrath McGrath McGrath/LJ Hooker McGrath Belle McGrath McGrath Morton & Morton McGrath Private Sale McGrath McGrath McGrath McGrath McGrath McGrath McGrath McGrath Morton & Morton McGrath David Murphy McGrath McGrath McGrath McGrath R & H Chatswood McGrath McGrath Hockeys McGrath

Notes: (i) This information is being provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

“Peter’s reputation in the Lower North Shore community as a man of integrity preceded him and and we knew he was the best person to guide us through what can be a stressful and emotional process; and Peter certainly didn’t disappoint. Peter’s well tuned knowledge of the local market, his proven sales success and his engaging and personable manner were all factors that drew us to the McGrath team.

He was consistently realistic and measured and gave thoughtful consideration to providing the best options to maximise exposure of the property to the market, based on his knowledge of the current market. As a result he attracted a large number of interested buyers to view our property. We were highly impressed by the feedback Peter provided at the end of each opening which empowered us with plenty of useful information to explore our options. Peter is an excellent communicator and we valued the skilled manner in which he navigated us and the purchaser through the process to the final sale.”

8 Grandview Street, Naremburn - Tony and Susan

“Commanding as he does more than 70% of the market share for Naremburn, Peter was the obvious choice. At all times Peter was a consummate professional. Peter was from the outset conservative as to the potential selling price. At no time did he place us under any pressure, but rather acted in accordance with out preferences. Peter was of great assistance before we placed our house on the market, providing advice on what we needed to do to prepare the house for sale and a long list of contacts to use to get the work done. He was exceptional in communicating with us during the campaign, providing detailed feedback after each open both over the telephone and in writing, enabling us to get a realistic and accurate understanding of the level and nature of interest in the property. It is no accident that he commands the market share that he has.”

98 Northcote Street, Naremburn - Ingmar and Louise

Naremburn Sales - Financial Year 2013/2014 Address 20 Market Street 1 Station Street 43 Waters Road 53 Dalleys Road 24 Grafton Avenue 21 Plunkett Street 33 Market Street 31 Olympia Road 21A Slade Street 42 Market Street 20 Station Street 31 Station Street 21 Slade Street 76 Northcote Street 4 Dawson Street 27A Waters Road 17 Marks Street 11 Martin Street 29A Olympia Road 262 Willoughby Road 49 Dalleys Road 22 Station Street 3 Glenmore Street 18 Martin Street 10 Quiamong Street 29 Waters Road 49A Market Street 40 Dalleys Road 53 Slade Street 21A Garland Road 16 Quiamong Street 1A Donnelly Road 79 Garland Road 15 Oxley Street 1 Marks Street 77A Brook Street 277 Claire Street 35 Mitchell Street 1 Northcote Street

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

4 3 3 4 3 3 3 3 2 3 3 3 2 5 3 3 3 3 3 3 3 3 3 2 3 3 2 2 2 2 3 3 3 2 3 2 3 2 2

2 2 2 3 1 1 2 2 1 2 1 1 1 3 2 2 1 1 2 1 2 1 1 1 3 2 1 1 1 1 2 1 1 1 2 1 1 1 1

0 0 1 2 0 1 2 1 2 2 1 3 2 0 2 2 0 1 1 1 1 1 1 1 2 2 2 1 1 1 1 1 0 1 1 2 1 1 1

Nov 2013 Oct 2013 Oct 2013 Oct 2013 May 2014 Aug 2013 Mar 2014 May 2014 Jul 2013 Jul 2013 Oct 2013 Apr 2014 May 2014 Nov 2013 Oct 2013 Oct 2013 May 2014 Aug 2013 Mar 2014 Aug 2013 Dec 2013 Aug 2013 Jul 2013 Dec 2013 Oct 2013 Aug 2013 Aug 2013 Sep 2013 Aug 2013 Sep 2013 Dec 2013 Apr 2014 Nov 2013 Oct 2013 Oct 2013 Apr 2014 Sep 2013 Mar 2014 Aug 2013

489sqm 313sqm 689sqm 297sqm 470sqm 215sqm 175sqm 236sqm 278sqm 303sqm 354sqm 531sqm 278sqm 447sqm 278sqm 366sqm 411sqm 177sqm 328sqm 259sqm 287sqm 632sqm 404sqm 202sqm 319sqm 379sqm 316sqm 316sqm 348sqm 256sqm 395sqm 416sqm 291sqm 202sqm 260sqm 274sqm 366sqm 168sqm 183sqm

$1,425,000 $1,420,000 $1,420,000 $1,402,000 $1,400,000 $1,385,000 $1,360,000 $1,360,000 $1,355,000 $1,355,000 $1,350,000 $1,345,000 $1,325,000 $1,325,000 $1,310,000 $1,300,000 $1,272,000 $1,270,000 $1,260,000 $1,260,000 $1,250,000 $1,250,000 $1,235,000 $1,230,000 $1,220,000 $1,220,000 $1,220,000 $1,215,000 $1,210,000 $1,203,000 $1,200,000 $1,200,000 $1,200,000 $1,185,000 $1,100,000 $1,060,000 $1,020,000 $1,010,000 $930,000

McGrath McGrath McGrath McGrath McGrath McGrath McGrath R & H Crows Nest McGrath McGrath R & H Chatswood Harbourline McGrath Sutton Anderson McGrath Ray White Willoughby McGrath McGrath McGrath McGrath McGrath McGrath McGrath McGrath McGrath Ray White LNS McGrath McGrath McGrath McGrath Private Sale McGrath Ray White LNS McGrath McGrath McGrath Century 21 McGrath R & W Willoughby

Notes: (i) This information is being provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

“We worked with Peter to sell our house in Naremburn. We had worked with Peter before on both the sale of our Crows Nest apartment and the purchase of our Naremburn home a few years earlier. Again, we were delighted with the team and Peter’s service in particular.

Peter is the recognised expert in the local market. Because of this he is able to offer access to the largest group of interested buyers matching them with the housing stock to get the best outcome for both the buyer and the seller each time. We loved working with McGrath, the team is fantastic, helping me to get the house in shape ahead of open times, ensuring the photos looked amazing and ensuring the house selling process is as pain free as possible. Would we work with Peter again or recommend him to our friends?

Absolutely! There is no one else who even comes close on the Lower North Shore.”

27 Rhodes Avenue, Naremburn - Deborah

“When we decided to sell our home, Peter and his team were the obvious choice. We have bought and sold several properties with Peter and every time we have been more than happy. Peter has exceptional knowledge of the local market, and his team are always professional and courteous. We would happily use Peter and his team again.”

11 Probate Street, Naremburn - Blair and Jeannie

Why call us when selling your most valuable asset? The McGrath Difference.

The McGrath Brand For more than 20 years McGrath has created a brand that stands alone in signifying outstanding results through high quality and integrity rich service.

McGrath’s Marketing Excellence We are committed to constantly evolving our marketing approach to ensure your property is highlighted above the rest. mcgrath.com.au The McGrath website is one of the most visited real estate websites in Australia receiving over 400,000 page views each month, both from within Australia and internationally.

The McGrath Database of Buyers Buyer’s details are entered into our comprehensive database. Once listed with McGrath, a link to your property will be immediately emailed to every suitable buyer prior to the commencement of the full marketing program.

We have over 200,000* qualified buyers’ details currently listed on our database.

McGrath Magazine Considered Australia’s most unique and innovative property magazine, the McGrath Magazine is read weekly by over 40,000 potential buyers across NSW, ACT and QLD. It is distributed via over 700 selected retail outlets and cafés, our open inspections, McGrath offices, priority mailing lists and online.

The McGrath Team McGrath’s network of 58 regional offices cover Metropolitan Sydney, Regional Sydney, Northern NSW and South East Queensland. Our 600+ sales professionals work as a team to help achieve great property results for you.

McGrath’s Auctioneering Excellence If you choose to sell your property via auction, one of the key success elements will be your auctioneer. McGrath currently employs an award-winning team of 23 exclusive auctioneers to help maximise the sale price of your property.

Making it Easier for People to Buy We are open every day and offer a total solution approach. Our specialist teams include Residential Sales, Home Loans, Property Management and Property Investment.

McGrath China Desk We have a dedicated Asia specialist who facilitates all McGrath agents when dealing with Chinese background clients, to ensure that communications are understood and transparent. *McGrath’s database of potential, qualified buyers currently includes approximately over 200,000 entrants at 1st July 2014

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH McGRATH TH E WE E K LY MAGAZ I N E

TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

Escaping the everyday The Lost + Found Department

Bondi welcomes China Diner

Basil Bangs

Vintage wares pop up in newcastle

Beautifully crafted shade 10 may 2014

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

Create your ultimate space 16 november 2013

30 november 2013

The Wallsticker Company

McGRATH TH E WE E K LY MAGAZ I N E

17 may 2014

29 march 2014

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

Sweet Street Leanne Beck brings culinary spice to the heart of Sydney’s west

31 august 2013

25 may 2013

McGRATH

McGRATH

TH E WE E K LY MAGAZ I N E

TH E WE E K LY MAGAZ I N E

26 APRIL 2014

McGRATH TH E WE E K LY MAGAZ I N E

The year of the horse

Sweet nostalgia

Designing Brisbane

at flour and stone

With Anna Glynn

with Wrightson Stewart

The Block

Mouthwatering morsels

Squirrels and Vikings

Inside Dan and Dani’s creative transformation

Caffeine Apothecary

At Bobbin Head marina

inspire artist Carmel Debreuil

Reuben Hills 5 july 2014

2 march 2013

12 april 2014

31 may 2014

28 JUNE 2014

24 may 2014

22 february 2014

9 november 2013

“I would like to take this opportunity to thank you for achieving an impressive sale price for my property in Naremburn. I was delighted when you found a buyer within the first week of the marketing campaign. You are to be commended on your excellent negotiation skills. You kept me informed during the process and provided me with the knowledge required to make an informed decision. Your wealth of experience is a credit to you and I have no hesitation recommending your professional services to prospective vendors.”

42 Market Street, Naremburn - Paul

“It was an easy decision when the time came to sell my property in Naremburn with Peter and the McGrath team as Peter has such a depth of knowledge of the local market. At all times, he was courteous, straightforward and accurate in his expectations of what to expect, which gave me a level of confidence that the best outcome would be achieved for all involved.”

77A Brook Street Naremburn - Therese

Naremburn Median Price Movement For Houses Median Sale Prices for Financial Year $1,500,000 $1,350,000 $1,300,000 $1,250,000 $1,200,000 $1,150,000 $1,100,000 $1,050,000 $1,000,000 $950,000 $900,000 $850,000

2006

2007

2008

2009

2010

2011

2012

2013

Notes: (i) This information is being provided by RP Data and its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

Where Do The Buyers Come From?

Naremburn

8% 15%

Lower North Shore Upper North Shore Inner West Eastern Suburbs

3%

20%

54%

Notes: (i) This information is being provided by McGrath and its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

2014

A selection of Naremburn Sales by McGrath - Financial Year 2013/2014

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

McGrath Property Management

LEASED NAREMBURN Market Street

LEASED $1,500 per week

NAREMBURN Waters Road

$875 per week

Maximising your investment return* Are you achieving the best possible return on your investment?

• At McGrath your property reaches more prospective tenants through our award winning website as well as the highest priority listing on domain.com.au • Our team of highly experienced Property Managers analyse the market to do regular rent reviews ensuring you are always getting the best rental return • With a network of 58 offices, we are able to utilise our extensive contacts and database to attract more quality tenants • Thorough ongoing condition reports, routine property visits and constant monitoring by our highly trained team means your investment is in safe hands “Benjamin has been nothing short of efficient, friendly, helpful and professional throughout the entire process (which as you are no doubt aware, can be somewhat stressful – especially when you are time poor due to work requirements). The way your office operates - whereby everyone has clearly defined roles - is logical and efficient and makes things so much easier for the customer, Benjamin has been fantastic throughout the whole process and he is someone that I would have no hesitation in dealing with again! Thank you to Benjamin for being such a pleasure to deal with! It’s been a very enjoyable (and much less stressful) apartment moving experience.”

Andrew *Choose McGrath Property Management to secure a great tenant and manage your property before the 30th of September and receive complimentary marketing valued at $345. This includes professional photography, priority placement on domain.com.au, listing on realestate.com.au and mcgrath.com.au and a professionally installed “For Lease” board.

If you would like to speak to McGrath Property Management in relation to our service contact Ben von Sperl on 9417 9651.

Ben von Sperl Property Manager D 9417 9651 M 0420 962 012

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