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