Naremburn property report ebook

2012 NAREMBURN 2013 PROPERTY REPORT PETER CHAUNCY

Peter Chauncy

Peter Chauncy and his team at McGrath What a difference a year makes. Our last annual report reflected the challenges of lower buyer confidence and subdued prices - a contrast to the final two quarters of this financial year where our team led a strong local recovery.

We have seen prices firm and supply depleted creating a distinct seller’s market, and a very clear trend of higher priced renovated properties being traded to buyers previously focused on more expensive lower north shore locations.

Despite recent price increases, Naremburn is still being seen as a value alternative with excellent amenity.

One thing that hasn’t changed from last year is our teams’ strong performance in this market; we secured the suburb’s five highest sales in the final two quarters of the financial year and continued to see excellent results for our clients who have sold. With a proven track record, the right skill set and years of experience, our team has all the tools and network to sell your home for its full potential. We don’t take our dominant market share of local sales for granted being involved in such a high percentage of sales underlines our obligation to support price growth in the area through broad marketing and focused negotiation.

I firmly believe that who you work with in today’s market is critical to the outcome of your real estate sale or purchase.

Engaging an agent who can leverage the full spectrum of buyers and up to date market intelligence - drawn upon in the sensitive final discussions that determine the maximum possible sales price - is vital. As much as it could be argued the Naremburn area should sell itself the reality is that our record prices are the result of a powerful combination of many unique factors that we bring to the table.

As you can see in our Top 20 Sales we have successfully achieved numerous street records, as well as the highest suburb price.

If you are considering buying or selling in the Naremburn or local market, I look forward to providing the experience, knowledge and resources needed to achieve the best possible result for you.

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

Top 20 Sales - Financial Year 2012/2013 Address

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

43 Station Street

4

3

2

May 2013

531sqm

$1,865,000

McGrath

59 Garland Road

4

3

2

Apr 2013

458sqm

$1,715,000

McGrath

9 Gaza Road

4

3

1

May 2013

386sqm

$1,675,000

McGrath

12 Bongalong Street

3

2

1

Apr 2013

405sqm

$1,635,000

McGrath

41 Plunkett Street

3

2

2

Feb 2013

424sqm

$1,565,000

McGrath

82 Northcote Street

4

3

1

Jun 2013

424sqm

$1,525,000

Victoria Freeman

19 Marks Street

4

2

2

Oct 2012

411sqm

$1,492,000

McGrath

2A Dargan Street

4

3

2

Aug 2012

601sqm

$1,475,000

McGrath

69 Northcote Street

4

2

0

Feb 2013

278sqm

$1,435,000

McGrath

6 Wheatleigh Street

4

1

1

May 2013

574sqm

$1,415,000

Morton & Morton

11 Grandview Street

3

2

1

Feb 2013

511sqm

$1,405,000

McGrath

31 Garland Road

4

2

2

Feb 2013

418sqm

$1,400,000

McGrath

33 Martin Street

3

1

2

May 2013

511sqm

$1,391,000

Shead

29 Martin Street

3

1

1

Sep 2012

310sqm

$1,360,000

McGrath

7 Merrenburn Avenue

3

1

1

Jun 2013

742sqm

$1,358,000

LJ Hooker Willoughby

281 Claire Street

4

2

2

Apr 2013

367sqm

$1,355,000

McGrath

50 Market Street

3

1

3

Aug 2012

614sqm

$1,335,000

McGrath

13 Dalleys Road

3

1

1

Apr 2013

405sqm

$1,320,000

McGrath

34 Slade Street

3

1

0

June 2013

316sqm

$1,310,000

McGrath

36 Dalleys Road

3

1

2

Oct 2012

468sqm

$1,290,000

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.

“Having sold a number of properties though Peter Chauncy of McGrath in the past, I gave Peter the difficult job of finding a property that I could purchase in Bongalong Street, Naremburn. This was a street that I had loved for many years and I knew homes in this street were tightly held. Peter of course came through and earlier this year, we were able to purchase our dream home. Over the years that I have dealt with Peter, both as a vendor and a purchaser, I have always had a great deal of confidence in him. I have no hesitation in recommending him. He is a remarkable agent who is most diligent, trustworthy and professional.”

12 Bongalong Street, Naremburn - Alex Stuart

“Is there anyone else you would choose to list your property with in Naremburn? I don’t think so. Seeing the record that Peter had in the suburb it was a clear choice to approach Peter and his team. We did speak to two other agents but Peter was by far the best prepared and gave us the confidence to fast-track the selection process. We found the communication throughout the selling period to be great.

We looked forward to the follow-up calls within one hour of the open home which was shortly followed by a comprehensive written report. After a few offers Peter secured us a sale price which we were happy with which demonstrated his value and truth.”

69 Northcote Street, Naremburn – Andrea and Nick Martens

Naremburn Statistics Financial Year 2011/2012

All Agencies Combined

McGrath Share

54

38

Average sale price for houses

$1,335,818

$1,361,680

Total value sold

$73,470,000

$50,382,500

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

Number of houses sold

Financial Year 2012/2013 Number of houses sold

Naremburn Agent Market Share - Financial Year 2012/2013 McGrath Ray White LJ Hooker Northside Raine & Horne Belle Century 21 Home Property

2% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3% 3%

Morton & Morton Private Sale

5%

Shead Sola Gacia Realty Total Realty Victoria Freeman

67%

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 was an absolute pleasure to meet and then deal with Peter Chauncy and his team when buying our home in Naremburn. I fell in love with 11 Grandview Street, from the moment I walked into the property then proceeded to bring along my husband, mother and father.

I never felt any pressure from Peter or his team and he was very conscientious and professional in dealing with my husband and I. I found Peter to be very open and honest in his communication with us regarding other interested buyers and his responsiveness to any of my questions was outstanding. We are very settled and happy in our new home and what I do know is that when we do sell- I will use Peter’s services again with no hesitation.”

11 Grandview Street, Naremburn - Ron and Georgia Charles

“I have no hesitation in recommending Peter Chauncy and his team from McGrath to anyone looking to sell their home. Peter has a comprehensive knowledge of the local market and as such gave an honest and realistic appraisal, which was achieved prior to auction. It was a pleasure to deal with all the staff throughout the entire sale process. I was constantly kept informed and regularly updated during the campaign. I felt I had placed my biggest asset in safe and capable hands.”

31 Garland Road, Naremburn - Diane Brissenden

Naremburn Sales - Financial Year 2012/2013 Address

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

43 Station Street

4

3

2

May 2013

531sqm

$1,865,000

McGrath

59 Garland Road

4

3

2

Apr 2013

458sqm

$1,715,000

McGrath

9 Gaza Road

4

3

1

May 2013

386sqm

$1,675,000

McGrath

12 Bongalong Street

3

2

1

Apr 2013

405sqm

$1,635,000

McGrath

41 Plunkett Street

3

2

2

Feb 2013

424sqm

$1,565,000

McGrath

82 Northcote Street

4

3

1

Jun 2013

424sqm

$1,525,000

Victoria Freeman

19 Marks Street

4

2

2

Oct 2012

411sqm

$1,492,000

McGrath

2A Dargan Street

4

3

2

Aug 2012

601sqm

$1,475,000

McGrath

69 Northcote Street

4

2

0

Feb 2013

278sqm

$1,435,000

McGrath

6 Wheatleigh Street

4

1

1

May 2013

574sqm

$1,415,000

Morton & Morton

11 Grandview Street

3

2

1

Feb 2013

511sqm

$1,405,000

McGrath

31 Garland Road

4

2

2

Feb 2013

418sqm

$1,400,000

McGrath

33 Martin Street

3

1

2

May 2013

511sqm

$1,391,000

Shead

29 Martin Street

3

1

1

Sep 2012

310sqm

$1,360,000

McGrath

7 Merrenburn Avenue

3

1

1

Jun 2013

742sqm

$1,358,000

LJ Hooker Willoughby

281 Claire Street

4

2

2

Apr 2013

367sqm

$1,355,000

McGrath

50 Market Street

3

1

3

Aug 2012

614sqm

$1,335,000

McGrath

13 Dalleys Road

3

1

1

Apr 2013

405sqm

$1,320,000

McGrath

34 Slade Street

3

1

0

June 2013

316sqm

$1,310,000

McGrath

36 Dalleys Road

3

1

2

Oct 2012

468sqm

$1,290,000

McGrath

36 Glenmore Street

3

2

1

Nov 2012

394sqm

$1,285,000

McGrath

1 Dargan Street

3

2

1

Apr 2013

289sqm

$1,270,000

McGrath

29A Slade Street

3

2

0

Nov 2012

329sqm

$1,270,000

McGrath

32 Grafton Avenue

3

2

1

Feb 2013

422sqm

$1,267,500

McGrath

37 Darvall Street

3

2

1

Nov 2012

215sqm

$1,252,000

Northside

24 Market Street

3

2

1

Nov 2012

446sqm

$1,251,000

Belle

51 Dalleys Road

3

2

2

Mar 2013

285sqm

$1,250,000

McGrath

43 Darvall Street

4

2

1

Nov 2012

216sqm

$1,250,000

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 Chauncy from McGrath Crows Nest was the only agent I contacted to sell my house. I didn’t consider anyone else. Peter kept me informed all the way. I left everything in his hands and he didn’t let me down. It was a stress free and positive time. Peter sold my house before auction for a price I was very happy with. I would use McGrath again and have recommended them to friends and neighbours.”

29 Martin Street, Naremburn - Judith Baird

“Just a short note to say a big thanks to you and your team for all your help over the years in helping us find, purchase and sell our home in Naremburn. Your extensive knowledge of the Naremburn property market allowed us to purchase off market, removing the pressure of an auction. When it came time to head south and sell our lovely little Naremburn home there was no question of dealing with any other agent. It was a pleasure to deal with you again as someone we know and could trust. True to your word, the whole team worked smoothly and swiftly to deliver a great result for us with only two opens. We really appreciated your professionalism and benefited from your attention to the details. Our home achieved a great result for us and we believe you really add value to the selling of any home.

Thank you.”

13 Dalleys Road, Naremburn - Rod Cummings and Keri Andrews

Naremburn Sales - Financial Year 2012/2013 (continued) Address

Bed

Bath

Car

Sold Date

Land Size

Sale Price

Agent

261 Claire Street

3

2

1

Aug 2012

367sqm

$1,230,000

McGrath

19B Market Street

3

2

2

Apr 2013

320sqm

$1,208,000

McGrath

100 Northcote Street

3

1

1

Mar 2013

493sqm

$1,200,000

McGrath

291 Claire Street

4

2

1

Dec 2012

370sqm

$1,200,000

LJ Hooker Mosman

6 Dalleys Road

5

2

2

Nov 2012

614sqm

$1,200,000

Ray White Northbridge

71 Northcote Street

2

1

0

Sep 2012

285sqm

$1,200,000

McGrath

37 Mitchell Street

3

2

2

Aug 2012

264sqm

$1,200,000

Total Realty

9 Gaza Road

3

2

1

Aug 2012

386sqm

$1,185,000

McGrath

13 Glenmore Street

2

1

2

Feb 2013

405sqm

$1,163,000

McGrath

2 Gaza Road

3

1

1

Feb 2013

391sqm

$1,160,000

Raine & Horne

14 Hamilton Avenue

3

1

0

Aug 2012

455sqm

$1,155,000

Sola Gracia Realty

9 Waters Road

3

1

1

Aug 2012

515sqm

$1,143,000

Raine & Horne

18 Slade Street

2

1

0

Jun 2013

335sqm

$1,140,000

Home Property

11A Francis Street

3

2

1

Oct 2012

327sqm

$1,130,000

McGrath

27A Garland Road

3

2

2

Jul 2012

358sqm

$1,130,000

Ray White LNS

71 Garland Road

3

2

2

Dec 2012

350sqm

$1,115,000

Century 21

29 Market Street

3

2

0

Mar 2013

270sqm

$1,105,000

McGrath

27 Olympia Road

3

3

1

Mar 2013

300sqm

$1,090,000

McGrath

25 Dalleys Road

4

2

0

Dec 2012

272sqm

$1,082,000

McGrath

25 Mitchell Street

2

1

1

Aug 2012

215sqm

$1,080,000

Ray White LNS

3 King Street

2

1

2

Apr 2013

383sqm

$1,040,000

Private Sale

6 Waters Road

3

1

2

Jul 2012

586sqm

$1,040,000

McGrath

17 Francis Street

2

1

2

Mar 2013

273sqm

$1,022,500

McGrath

42 Slade Street

3

1

0

Aug 2012

319sqm

$1,020,000

McGrath

21B Garland Road

2

1

0

Dec 2012

260sqm

$940,000

McGrath

9 Martin Street

2

1

1

Mar 2013

152sqm

$915,000

Northside

134 Northcote Street

2

1

0

Nov 2012

223sqm

$823,000

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.

“We found ourselves in a unique position with Peter Chauncy relative to other couples. From the outset of the purchase of our home, Peter was a diligent and courteous agent providing accurate information throughout the entire timeline of a home purchase. Five years later, it was a simple choice as to which agent to use with respect to the now sale, of the same family home. Again he approached the sale with the same professional qualities we had experienced previously. However when combined with his home presentation guidance, and realistic pricing expectations, it made a potentially difficult task a pleasure to execute. We have no reservations about recommending Peter Chauncy and his team at McGrath Crows Nest to anyone looking to either buy or sell a home, and wish him all the best in his future endeavors.”

34 Slade Street, Naremburn - Nicole and Andrew Bruce

“Choosing Peter Chauncy and his team to sell our home was an easy one. Peter knows and understands the Naremburn market extremely well and his sales record for the area shows this. He was sincere, professional and handled every aspect of the sale process with integrity.

Throughout the sales campaign, Peter provided excellent advice and we were impressed with the high level of communication. We were able to sell prior to auction at a price we were happy with thanks to the team’s hard work, energy and marketing efforts.”

32 Grafton Avenue, Naremburn - Ken and Li To

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.

The McGrath Website - mcgrath.com.au Our award-winning website is the No.1 Google-ranked agency website in Australia. We have a large local and international audience that appreciates our many web tools including maps, videos and podcasts.

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 150,000* 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 over 50 regional offices cover Metropolitan Sydney, Regional Sydney, Northern NSW and South East Queensland. Our 450+ 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 by auction, one of the key success elements will be your auctioneer. McGrath employs Australia’s three top award winning 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’s database of potential, qualified buyers currently includes approx. over 150,000 entrants at 30th June 2013

McGRATH

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TH E WE E K LY MAGAZ I N E

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

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

Light my fire Hot winter gardens

Suburban adventure

Tracy Luff

Design revolution

Adventure fuel

DesignByThem, made for you

16 April 2011

TH E WE E K LY MAGAZ I N E

TH E WE E K LY MAGAZ I N E

Bye Bye Birdy Discover a new range of playful lights that will brighten any room

McGRATH TH E WE E K LY MAGAZ I N E

Life-long passion

23 july 2011

McGRATH TH E WE E K LY MAGAZ I N E

TH E WE E K LY MAGAZ I N E

TH E WE E K LY MAGAZ I N E

Sometimes design involves taking a leap of faith...

Winters warmers

Textile designer Chrissie Jeffery on the charm of impermanence and natural imperfections

Hibernate in style

Unique by design Green sleeves

Magic box

McGRATH TH E WE E K LY MAGAZ I N E

TH E WE E K LY MAGAZ I N E

19 february 2011

McGRATH TH E WE E K LY MAGAZ I N E

Posh nosh Discover a one stop shop of gourmet goodies

Australian Galleries presents Wanderers in the Desert of the Real 2011

The Imagined Life A Sharpe view of what to include in a major retrospective

A northern beaches artist is turning heads with his ‘pop composite’ works

The secret greening of Sydney’s private gardens…

5 march 2011

04 june 2011

26 march 2011

21 may 2011

McGRATH

Mandy Martin

Assembly lines Sydney architects share the key to their award-winning design projects

TH E WE E K LY MAGAZ I N E

McGRATH

The craft of transforming bygone relics into memorable works of art

22 JANUARY 2011

Aussie designers embrace bright hues

compelling ‘art products’ for contemporary interiors.

Jan Logan unlocks her jewellery box to reveal how beauty is manufactured

Creating memories

Artist Anne Judell’s idyllic creative retreat in NSW’s Southern Highlands

Rozelle reborn

Slow fabrics

Connecting people through the love of reading and dining out

A new light

McGRATH

Cottage industry

Colour your world

Novel dining

Journey through abstract art exhibition ‘Pathways’...

In a tough environment it’s important to stick to plants you know will survive

26 february 2011

5 february 2011

McGRATH

Seaside garden

Sydney’s most beautiful homewares store

From the runway to an international fashion label

Master craftsmen changing the way we value timber furniture

16 july 2011

Treasure trove

Fashion and fame

Turning tables

The Green Way Up: driving Sydney to Norway on recycled cooking oil.

McGRATH McGRATH

Sustainable styling The new design ethos - living with the future in mind

A creative insight and a personal journey through the beauty of Sydney’s suburbs...

Work acquired for the Artbank collection

McGRATH TH E WE E K LY MAGAZ I N E

McGRATH TH E WE E K LY MAGAZ I N E

9 july 2011

25 june 2011

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

TH E WE E K LY MAGAZ I N E

14 MAY 2011

9 april 2011

McGRATH TH E WE E K LY MAGAZ I N E

The great outdoors Enjoy the summer sun in style with these innovative designs

Beyond the vessel Playfully political ceramics

Changing spaces

Art of the scarf

Lunchtime loving The midday munch hour doesn’t have to be dull

Nothing ordinary

Jenny Kee brings the Australian landscape to fashion

Creating living environments of style and flair that make spaces work…

Melding practical designs and unique textiles with vibrant shades of colour

White gold

You beaut UTE

Mixing pot

Screw art

The power of porcelain in creative pursuits…

Home accessories as practical as they are beautiful

Meet the artist screwing things up on a grand scale

Solutions for your garden

Modern art Two sisters are redefining interior design

18 june 2011

12 FEbruary 2011

19 march 2011

11 JUNE 2011

2 july 2011

7 may 2011

“Choosing McGrath was a pretty easy decision for us. Peter’s professionalism and knowledge of the Naremburn market made the sale process a smooth and successful one. Throughout the whole listing Peter kept us up to date with all the potential buyers and any feedback they may have had on our place. I would highly recommend Peter and the team at McGrath to anyone looking for a smooth sale.”

261 Claire Street, Naremburn - Paul Rutkowski

“We would like to express our sincere thank you to Peter and his team. We were delighted with the sale result Peter achieved for us. The McGrath team communicated the realistic price expectation at the very beginning. Peter provided feedback to us every week after the inspection. The marketing plan was executed very effectively and our house was sold prior to auction well within the price range quoted to us during the tendering process. We have no hesitation to recommend Peter and his team to any prospective seller who expects the very best of service as well as the outstanding sales result.”

17 Francis Street, Naremburn – Mackie and Thomas Tan

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 $800,000 $750,000 $700,000

2005

2006

2007

2008

2009

2010

2011

2012

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?

3%

Naremburn

10%

Lower North Shore

18%

Upper North Shore Inner West Eastern Suburbs

8%

61% 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.

2013

A selection of Naremburn Sales by McGrath - Financial Year 2012/2013

SOLD

SOLD

SOLD

SOLD

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 Rhodes Avenue

LEASED $1,400 per week

NAREMBURN Mitchell Street

$1,200 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 50 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 “I would have absolutely no hesitation in employing Scott’s services to lease one of my residential properties again. He was energetic, enthusiastic, prompt and knowledgeable – nothing was too much of a problem. Further, Scott was very thorough in completing reference checks and was detailed with his recommendations. I think the most important (and refreshing) part of Scott’s performance was his regular communication with me – it was nice to get detailed, regular updates. The fact that he leased the unit twice in less than a week was obviously also very impressive!”

Jeremy Robotham *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 Scott Dolce on 9417 9650.

Scott Dolce Property Manager D 9417 9650 M 0420 962 013 E scottdolce@mcgrath.com.au

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