Naremburn Report | Peter Chauncy

2014/2015 Naremburn Report Peter Chauncy

Peter Chauncy

Peter Chauncy and his team at McGrath

Naremburn residents have seen a huge surge in the value in their property over the past 12 months. The area was listed as one of the fastest selling suburbs by realestate.com.au and the good news doesn’t stop there. New price records are being set each year and our team was again responsible for achieving a new suburb record, selling 5 McBurney Street for $2,999,000 – clearly $3 million sales are around the corner. We negotiated 38 of the suburb’s total 58 sales. Hopefully our total commitment to Naremburn is clear when you consider that the next most active agency sold just four.

Demand has never been higher evidenced by 37 of these 38 properties selling prior to or on auction day – an auction clearance rate of 97%. On average my properties sold in just 14 days which is well under half the average selling period in the suburb.

Along the way there have been some memorable milestones. I was honoured to be chosen as the REINSW Sales Agent of the Year at the 2014 annual award ceremony in October last year. Being named the number one sales agent in the entire state of NSW is a tribute to the hard work my team puts in on behalf of our clients. The award caps off a very successful year as I also took out the Agent of the Year title for McGrath Estate Agents nationally. I’m constantly asked why we keep our business so focused on Naremburn but I strongly believe these sales results reflect how 100% local commitment makes such a difference to our vendors.

Naremburn house prices have delivered property investors a solid capital gain of 16.3% for the last financial year. Prices should continue to grow steadily for the next 12 months. We expect prices to stabilise and supply to increase across Sydney however it will have little impact on such a tightly held area such as Naremburn. It remains an excellent time to own or sell in the area.

A true area specialist with the genuine credibility to advise buyers can make the difference between a good price and a great one. If I can help you with the sale of your property in Naremburn or the local area, please call me for unequalled access to experience, market knowledge and buyers.

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

Top 25 Sales – FY 2014/2015 ADDRESS

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

5 McBurney Street

4

3

2

Feb 2015

835sqm

$2,999,000

McGrath

6 Remah Close

5

3

4

Nov 2014

742sqm

$2,950,000

Belle Neutral Bay

4 Quarry Street

4

2

3

May 2015

549sqm

$2,410,000

Belle Neutral Bay

36A Park Road

3

2

1

Nov 2014

809sqm

$2,355,000

McGrath

12 Grafton Avenue

4

3

4

Oct 2014

841sqm

$2,250,000

McGrath

37 Merrenburn Avenue

4

2

3

Dec 2014

718sqm

$2,210,000

Forsyth

6 Glenmore Street

4

3

2

Dec 2014

405sqm

$2,210,000

McGrath

14 McBurney Street

4

3

1

Oct 2014

487sqm

$2,165,000

McGrath

53 Northcote Street

3

1

1

Mar 2015

626sqm

$2,100,000

McGrath

5 Dawson Street

4

2

0

Sept 2014

392sqm

$2,100,000

McGrath

28 Park Road

4

3

2

Feb 2015

515sqm

$2,075,000

McGrath

1 Francis Street

4

3

2

Jul 2014

727sqm

$2,053,000

McGrath

10 Moonbria Street

3

1

1

Jun 2015

405sqm

$2,010,000

McGrath

18 Grandview Street

4

3

3

Aug 2014

531sqm

$1,986,000

McGrath

9 Gaza Road

4

3

1

Aug 2014

386sqm

$1,940,000

McGrath

43 Darvall Street

3

2

1

Nov 2014

215sqm

$1,938,000

LJ Hooker Willoughby

40 Northcote Street

3

2

1

Mar 2015

234sqm

$1,900,000

R & H Neutral Bay

35 Central Street

4

2

1

Feb 2015

405sqm

$1,900,000

McGrath

24 Plunkett Street

3

2

2

Aug 2014

354sqm

$1,900,000

McGrath

26 Grafton Avenue

4

3

2

Aug 2014

466sqm

$1,900,000

McGrath

53 Northcote Street

3

1

1

Aug 2014

626sqm

$1,875,000

McGrath

57 Garland Road

3

2

2

Nov 2014

455sqm

$1,870,000

McGrath

5 Ross Street

2

1

1

Mar 2015

485sqm

$1,850,000

Forsyth

37 Market Street

3

2

1

Dec 2014

324sqm

$1,850,000

McGrath

51 Station Street

4

2

2

Mar 2015

645sqm

$1,825,000

McGrath

Notes: The information in this report is 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 chose McGrath and Peter Chauncy to sell our house due to their track record and knowledge of the Naremburn area. The marketing campaign and reach that McGrath can provide was another aspect that we were attracted to. Peter and his team did a great job in attracting potential buyers from outside the local area. We were kept up to date with enquiries and feedback on the property so we were well aware of where the market was at on our home. The sale was a challenge over a quiet Christmas period, however Peter managed to secure the sale for an outstanding price. Post sale, Peter’s service continued providing advice and assistance in the search for our new home. We would highly recommend Peter and his team to anyone considering selling their property.”

Priscilla and Tom Millner – 5 McBurney Street, Naremburn

“We could not have asked for a better experience when we sold our house through Peter. From my first phone call to Peter to come and appraise our home, to him organising all the trades to ready our house for sale, Peter and his team just made everything so easy and stress free. All the tradesmen Peter recommended were fantastic – they showed up on time, got the job done and cleaned up after themselves! During the marketing campaign we were contacted by Peter on a regular basis to provide feedback of each open home as well as information on any potential buyers. We were always kept well informed of what the market was doing and how that may affect the sale price of our property. Peter was very professional, dedicated and worked tirelessly to achieve the best result for us.

We were very happy with the eventual sale and could not recommend Peter and his team highly enough.”

Ling and Edwin O’Young – 6 Glenmore Street, Naremburn

Naremburn Statistics Financial Year 2013/2014

All Agencies Combined

McGrath Share

80

60

$1,469,052

$1,479,820

$117,524,180

$88,789,180

All Agencies Combined

McGrath Share

58

38

$1,761,500

$1,812,394

$102,167,000

$68,871,000

Number of houses sold Average sale price for houses Total value sold

Financial Year 2014/2015

Number of houses sold Average sale price for houses Total value sold

Naremburn Agent Market Share – FY 2014/2015 McGrath Belle Neutral Bay Forsyth LJ Hooker Willoughby R & W Willoughby

2% 2% 2% 2% 2% 2%

2%

2% 2% 2%

2%

Morton & Morton R & H St Leonards

4%

Ray White LNS LJ Hooker Castlecrag

5%

O’Gorman & Partners Victoria Freeman R & H Crows Nest Ray White Willoughby LJ Hooker Crows Nest

7%

67%

“Whilst the decision to list our properties in Naremburn were not easy ones, the decision about who to list with was – Peter Chauncy and his team at McGrath. Peter and his team demonstrated a superior level of professionalism and dedication during every step in the sales process, from the first meeting to the final settlement. Their knowledge of the area and large client base resulted in sales that exceeded our expectations, and their excellent communication throughout the campaign enabled us to make informed decisions. We would highly recommend Peter and the team at McGrath to anyone considering selling their property in the area.”

Kylie O’Hare and Nathan McGregor – 53 Northcote Street, Naremburn

“When we decided to sell our home in Naremburn there was only one agent we contacted – Peter Chauncy from McGrath Estate Agents. There was nothing to think about! We wanted an agent who knew the market, with an excellent track record, professionalism and a great team to support him. The whole campaign ran smoothly from start to finish with a fantastic result on Auction day.”

Helen Georgiadis and Robert Lord – 57 Garland Road, Naremburn

Naremburn Sales – FY 2014/2015 Address

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

5 McBurney Street

4

3

2

Feb 2015

835sqm

$2,999,000

McGrath

6 Remah Close

5

3

4

Nov 2014

742sqm

$2,950,000

Belle Neutral Bay

4 Quarry Street

4

2

3

May 2015

549sqm

$2,410,000

Belle Neutral Bay

36A Park Road

3

2

1

Nov 2014

809sqm

$2,355,000

McGrath

12 Grafton Avenue

4

3

4

Oct 2014

841sqm

$2,250,000

McGrath

37 Merrenburn Avenue

4

2

3

Dec 2014

718sqm

$2,210,000

Forsyth

6 Glenmore Street

4

3

2

Dec 2014

405sqm

$2,210,000

McGrath

14 McBurney Street

4

3

1

Oct 2014

487sqm

$2,165,000

McGrath

53 Northcote Street

3

1

1

Mar 2015

626sqm

$2,100,000

McGrath

5 Dawson Street

4

2

0

Sept 2014

392sqm

$2,100,000

McGrath

28 Park Road

4

3

2

Feb 2015

515sqm

$2,075,000

McGrath

1 Francis Street

4

3

2

Jul 2014

727sqm

$2,053,000

McGrath

10 Moonbria Street

3

1

1

Jun 2015

405sqm

$2,010,000

McGrath

18 Grandview Street

4

3

3

Aug 2014

531sqm

$1,986,000

McGrath

9 Gaza Road

4

3

1

Aug 2014

386sqm

$1,940,000

McGrath

43 Darvall Street

3

2

1

Nov 2014

215sqm

$1,938,000

LJ Hooker Willoughby

40 Northcote Street

3

2

1

Mar 2015

234sqm

$1,900,000

R & H Neutral Bay

35 Central Street

4

2

1

Feb 2015

405sqm

$1,900,000

McGrath

24 Plunkett Street

3

2

2

Aug 2014

354sqm

$1,900,000

McGrath

26 Grafton Avenue

4

3

2

Aug 2014

466sqm

$1,900,000

McGrath

53 Northcote Street

3

1

1

Aug 2014

626sqm

$1,875,000

McGrath

57 Garland Road

3

2

2

Nov 2014

455sqm

$1,870,000

McGrath

5 Ross Street

2

1

1

Mar 2015

485sqm

$1,850,000

Forsyth

37 Market Street

3

2

1

Dec 2014

324sqm

$1,850,000

McGrath

51 Station Street

4

2

2

Mar 2015

645sqm

$1,825,000

McGrath

30 Rhodes Avenue

3

1

1

Mar 2015

318sqm

$1,770,000

McGrath

10 Adolphus Street

2

1

6

Nov 2014

667sqm

$1,765,000

Forsyth

83 Brook Street

4

4

3

Aug 2014

556sqm

$1,725,000

R & W Willoughby

4A Rhodes Avenue

3

2

1

Jun 2015

250sqm

$1,675,000

McGrath

“Just sitting at home reflecting on the past 18 days! Thank you very much! You and your team have done an incredible job in helping us prepare for sale, marketing the property and then getting the best possible price. Right from the outset, you were terrific in getting the painter, the fix it man, the house washer and the stylist all through asap. They were all very professional and reasonably priced people who are a great reflection on you and the relationships you maintain with them. And then you’ve done an outstanding job in the past few days juggling the interests and getting a superb price. We really appreciate your hard work, expertise and professionalism in getting it done. You’ve always been available over the past five and a half years, and you’ve delivered a great result for us, and hopefully we’ll do it all again in the future!”

Tom and Alissa Malone – 37 Market Street, Naremburn

“We recommend Peter and his team at McGrath without hesitation. The last few years we have been actively looking for a new home and during this time we interacted and dealt with many agents. Peter and his team really stood out with their exceptional market and real estate knowledge as well as for their ability to genuinely connect and engage with others. Several times we rang Peter for advice on properties and he was always happy to share his expertise. When the time came to sell our home, he was without a doubt our first choice and we were confident he would achieve the best outcome for us. We had heard from fellow neighbours about Peter’s professionalism and abilities, but once we began our sale campaign, it was even more evident. Peter and the team provided regular and detailed updates and involved us throughout the whole process. Peter confidently negotiated the sale of our house prior to Auction and we have the whole team to thank for a great result.”

Emma and Cliff McCoy – 30 Rhodes Avenue, Naremburn

Naremburn Sales – FY 2014/2015 (continued) Address

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

25 Central Street

3

2

3

Jul 2014

400sqm

$1,675,000

Morton & Morton

307 Willoughby Road

6

2

2

Nov 2014

303sqm

$1,650,000

McGrath

37 Dalleys Road

4

2

2

Dec 2014

417sqm

$1,640,000

Belle Neutral Bay

10 Quiamong Road

3

3

1

Apr 2015

319sqm

$1,630,000

McGrath

31A Garland Road

3

2

2

Oct 2014

436sqm

$1,625,000

McGrath

6 Plunkett Street

3

2

2

Feb 2015

209sqm

$1,623,000

McGrath

35 Slade Street

3

1

1

Apr 2015

289sqm

$1,620,000

McGrath

18 Waters Road

3

2

1

Nov 2014

243sqm

$1,620,000

McGrath

35 Rhodes Avenue

3

2

1

Dec 2014

316sqm

$1,585,000

McGrath

260 Willoughby Road

3

1

2

Mar 2015

272sqm

$1,555,000

McGrath

30 Grafton Avenue

3

2

2

Jul 2014

416sqm

$1,550,000

McGrath

28 Grafton Avenue

3

1

2

Dec 2014

411sqm

$1,525,000

McGrath

30A Dawson Street

3

2

1

Oct 2014

314sqm

$1,525,000

McGrath

8A Hamilton Avenue

2

1

1

Oct 2014

474sqm

$1,515,000

McGrath

59 Mitchell Street

2

1

1

May 2015

218sqm

$1,515,000

R & H St Leonards

12 Waters Road

2

1

1

Feb 2015

298sqm

$1,490,000

McGrath

8 Grafton Avenue

3

2

1

Jul 2014

366sqm

$1,440,000

McGrath

14 Adolphus Street

2

1

0

Sept 2014

354sqm

$1,425,000

McGrath

20 Glenmore Street

3

1

0

Nov 2014

400sqm

$1,400,000

Ray White LNS

70 Dalleys Road

3

2

2

Feb 2015

348sqm

$1,400,000

LJ Hooker Castlecrag

24 Waters Road

2

1

1

Feb 2015

329sqm

$1,376,000

O’Gorman & Partners

14A Grafton Avenue

2

1

2

Nov 2014

387sqm

$1,370,000

McGrath

8A Slade Street

3

2

2

Aug 2014

332sqm

$1,365,000

Victoria Freeman

5 Marks Street

3

1

0

Oct 2014

253sqm

$1,350,000

Belle Neutral Bay

26 Lawson Lane

3

2

2

Oct 2014

176sqm

$1,315,000

McGrath

12 Quiamong Road

3

1

1

Jul 2014

401sqm

$1,312,000

Ray White Willoughby

20 Martin Street

3

1

1

Oct 2014

207sqm

$1,275,000

R & H Crows Nest

17 Waters Road

2

1

1

Jul 2014

260sqm

$1,190,000

LJ Hooker Willoughby

126 Northcote Street

2

1

0

Oct 2014

340sqm

$1,050,000

LJ Hooker Crows Nest

“Just wanted to send you a quick note to thank you very much for all of your efforts in getting an excellent result last week, one which exceeded our expectations. You have always made us feel like you were treating the sale of our property as if it was your own property and that was very evident over the last few weeks, in particular with helping us get all the work done on the house. The other thing that we’ve always felt with you was trust – it’s a testament to how you handle both sides (having dealt with you on the buying side too) and your integrity. We look forward to continuing our relationship with you.”

Niro and Angie Ananda – 4A Rhodes Avenue Naremburn

“Peter is a highly professional real estate agent and if you are lucky to have him sell your property you will not be disappointed. Peter knows the market so well and he is realistic in his estimates of price. He is always honest with buyers and this honesty means that potential buyers remain in touch with him. He has a large network of people ready to buy who trust him. Peter’s advice and guidance helped us achieve a great price for our house. We were able to showcase our beautiful house in the best possible light for all the wonderful features to shine. Peter has a nice mannerism, he is always available, he is patient and willing to listen. Peter is very unique in his customer service focus. If you want Peter to sell your home he will prioritise this and be the primary person. Sometimes you do not get the agent you sign up with – you get other members of their team. Peter is dedicated and committed from the word ‘go’. He even helped us de-clutter our lives!”

Sharon Grocott and Rowan Curry – 35 Slade Street, Naremburn

Local Knowledge Delivers Highest Street Sales No one knows Naremburn like we do. Our sales approach is simple. We do whatever it takes to sell your home for the maximum price and make the process as stress-free as possible. Communication is a vital component to our success and we are committed to keeping you up-to-date at every step of the sales campaign. The results speak for themselves and our sales team have set the price records for 35 of the 51 streets below – something that makes us very proud.

Street

Number

Sale price

Adolphus Street

10

$1,765,000

Apex Street

5

Bongalong Street

Number

Sale price

McBurney Street

5

$2,999,000

$1,630,000

Merrenburn Avenue

37

$2,210,000

26

$1,670,000

Mitchell Street

57

$1,900,000

Brook Street

83

$1,725,000

Moonbria Street

10

$2,010,000

Central Street

35

$1,900,000

Nolan Crescent

1

$905,000

Chelmsford Avenue

5

$1,130,000

Northcote Street

53

$2,100,000

Christie Street

91

$955,000

Olympia Road

12

$1,375,000

Claire Street

265

$1,500,000

Oxley Street

14

$1,625,000

Dalleys Road

23

$1,790,000

Park Road

36A

$2,355,000

Dargan Street

7

$2,000,000

Parkes Street

9

$1,320,000

Darvall Street

43

$1,938,000

Plunkett Street

24

$1,900,000

Dawson Street

5

$2,100,000

Probate Street

17

$1,950,000

Dodds Street

9

$975,000

Quarry Street

4

$2,410,000

Donnelly Road

37

$2,152,000

Quiamong Road

10

$1,630,000

Francis Street

1

$2,053,000

Remah Close

6

$2,950,000

Garland Road

52

$2,135,000

Rhodes Avenue

6A

$2,000,000

Gaza Road

9

$1,940,000

Rohan Street

8

$1,161,800

Glenmore Street

6

$2,210,000

Ross Street

5

$1,850,000

Grafton Avenue

12

$2,250,000

Slade Street

46

$1,685,000

Grandview Street

18

$1,986,000

Station Street

43

$1,865,000

Hamilton Avenue

8A

$1,515,000

Talus Street

11

$2,305,000

King Street

7

$1,715,000

Waters Road

6

$2,000,000

Lawson Lane

2

$1,595,000

West Street

332

$1,255,000

Market Street

27

$2,275,000

Wheatleigh Street

20

$2,130,000

Marks Street

19

$1,492,000

Willoughby Road

307

$1,650,000

Martin Street

4

$1,645,000

* Properties in white sold by McGrath

Street

“Peter and the team at Crows Nest delivered exactly the service that we were hoping for when selling our home in Naremburn. They were hard working, professional and communicated well at every stage of the sale. We were very happy with their service from start to finish, they exceeded our expectations and delivered an excellent result.”

Anneliese and Matt Conoulty – 260 Willoughby Road, Naremburn

“Our experience selling our house with Peter and his team was a stress-free and smooth process. We chose Peter and his team based on his extensive knowledge of the Naremburn/Crows Nest and Lower North Shore area as well as having had a positive experience with Peter when originally buying our property years earlier. The team at McGrath were fantastic to deal with, highly professional and efficient. A detailed schedule was provided on engagement so we knew exactly what to expect at each step. Peter provided us with contacts for trades people to assist us prepare our house for sale and each trade was brilliant to deal with, minimum fuss and prompt service. We received detailed feedback after each open inspection which allowed us to determine the market with Peter’s guidance and make an informed decision when it came time to accept an offer. We were very happy with the eventual sale result and could not recommend Peter and his team highly enough.”

Kate and Alex Henderson – 8A Hamilton Avenue, Naremburn

Sales by Peter Chauncy and McGrath in 2014/2015

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NAREMBURN

St Leonards Train Station

Naremburn Median Price Movement for Houses Median Sale Prices for Financial Year

$1,675,000

2015

$1,585,000

2014 $1,342,000

2013

$1,200,000

2012

$1,276,250

2011 2010 2009 2008 2007

$1,397,000 $1,050,000 $980,000 $960,000

A selection of Naremburn Sales by McGrath – FY 2014/2015

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 Probate Street

LEASED $1,500 per week

NAREMBURN Darvall Street

$1,700 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 over 68 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.” *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 E benvonsperl@mcgrath.com.au

Peter Chauncy Naremburn Specialist McGrath Crows Nest 0402 036 489 peterchauncy@mcgrath.com.au