Peter Chauncy Naremburn Report

2015/2016 Naremburn Report PETER CHAUNCY

Peter Chauncy

PETER CHAUNCY AND HIS TEAM AT McGRATH

Naremburn has weathered the turbulent 2015/2016 real estate market with the resilience that this strong performing suburb is renowned for. The spring season of 2015 saw one of the biggest property booms in Sydney’s history and while more recently the media have been reporting of a market crash, Naremburn has continued to rise over the first six months of this year with many top prices being achieved.

Naremburn as a suburb last year experienced an average price increase of 14% to $2,006,179 yet there was a decrease in the number of house sales by 11%. We are achieving amazing results both by going under the hammer and selling prior to auction day. We even managed to sell seven properties off the market to buyers on our database, saving our vendors time and marketing expenses.

For the past 10 years McGrath has been responsible for setting the benchmark for sales in Naremburn and this year has been no exception with a combined total of 50 houses, semi’s, townhouses and apartments sold by Peter and his team. We transacted 32 of the 53 houses and semi-attached properties in the suburb this financial year, which is a great achievement when you consider the next agency sold only three. In the process we set 12 street records including a new high price for a semidetached home when 19 Rhodes Avenue sold for $2,070,000, also setting a new record for the suburb. The big winner was the sale of a beautiful family home at 5 Dargan Street which set a new house price record of $3,104,000 - the first Naremburn residential property to break the $3 million mark.

This year wasn’t all about business though, it’s great to give something back to the community that we live and work in. We opened the second Naremburn Community Garden in recent months on Station Street and it has been a great success.

Community gardens help to bring the neighbourhood together, provide a space to grow organic produce, and give parents an opportunity to teach children how to grow and nurture.

We also held several fundraisers with the Willoughby Community Preschool on Central Street including the Easter barbecue where we raffled a decadent hamper and the annual dinner where we auctioned off artwork and prizes and donated much needed equipment. These are just small things, but sometimes they can really help to bring the neighbourhood together. As we are well into 2016, I look forward to seeing you at these such community events and to help you with any real estate needs you may have in the local area.

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

Top 20 Sales – FY 2015/2016 ADDRESS

BED

BATH

CAR

SOLD DATE

LAND SIZE

SALE PRICE

AGENT

5 Dargan Street

5

3

2

Sep-15

639sqm

$3,104,000

McGrath

27 Wheatleigh Street

4

3

2

Dec-15

664sqm

$2,967,000

McGrath

55 Mitchell Street

4

3

1

May-16

324sqm

$2,960,000

McGrath

1 Remah Close

4

2

2

Apr-16

700sqm

$2,925,000

Cordeau Marshall

8 Bongalong Street

4

2

1

Jun-16

405sqm

$2,750,000

McGrath

27 Slade Street

3

2

2

Nov-15

659sqm

$2,637,000

McGrath

67 Mitchell Street

6

2

2

Aug-15

920sqm

$2,600,000

R & H Crows Nest

6 Lawson Lane

4

2

3

Nov-15

520sqm

$2,530,000

McGrath

12 Park Road

4

3

2

Jun-16

556sqm

$2,405,000

McGrath

57 Northcote Street

3

1

0

Sep-15

563sqm

$2,340,000

McGrath

10 Bongalong Street

3

1

1

Aug-15

405sqm

$2,325,000

McGrath

13 Francis Street

3

1

1

Oct-15

806sqm

$2,250,000

McGrath

15 Bongalong Street

2

1

1

May-16

405sqm

$2,230,000

Northside

266 Willoughby Road

5

2

2

Dec-15

406sqm

$2,200,000

Belle Neutral Bay

24 Bongalong Street

3

2

0

Dec-15

405sqm

$2,176,000

McGrath

9 Dawson Street

4

1

3

Nov-15

778sqm

$2,160,000

Harbourline

24 Mitchell Street

3

2

2

Mar-16

215sqm

$2,115,000

LJ Hooker Willoughby

15 Darvall Street

2

1

1

May-16

215sqm

$2,100,000

McGrath

19 Rhodes Avenue

3

1

1

Apr-16

316sqm

$2,070,000

McGrath

37 Central Street

3

2

1

Aug-15

405sqm

$2,025,000

Forsyth

Notes: The information in this report is provided by Australian Property Monitors and its accuracy cannot be guaranteed. Parties should rely on their own enquiries and McGrath will not be liable for error or admissions herein. * Properties in orange sold by McGrath

“We had known Peter for seven years prior to enlisting him as the agent to sell our family home. With his track record and intimate knowledge of the Naremburn market we trusted him to provide the best service and deliver the outcome we were after. His marketing strategy was excellent and led to a significant number of serious buyers being interested in our property and ensured that the momentum continued to the auction. We had plenty of action on the day and sold our home for a great price which also set the new suburb record!

Peter and the team acted with integrity throughout the campaign and we completely trusted that they were always working in our best interests. We would highly recommend Peter and his team.”

Alex & Andrew Draney – 5 Dargan Street, Naremburn

“Peter once again delivered on his promise of the price we had discussed and over delivered on the time he told me it would take to sell. Given it took him four days, including a Sunday, it was a great effort by Peter and his team and they certainly made us feel that their number one priority was to get our house sold! Love the fact we only had to have one open house to achieve our goal.”

Virginia & Trevor Heyer – 27 Wheatleigh Street, Naremburn

Naremburn Statistics FINANCIAL YEAR 2014/2015

ALL AGENCIES COMBINED

McGRATH SHARE

58

38

$1,761,500

$1,812,394

$102,167,000

$68,871,000

ALL AGENCIES COMBINED

McGRATH SHARE

53

32

$2,006,179

$2,039,922

$106,327,500

$65,277,500

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

FINANCIAL YEAR 2015/2016

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

Naremburn Agent Market Share – FY 2014/2015 McGrath LJ Hooker Belle

2% 2% 2% 2%

2% 2%

2% 2%

Forsyth 4%

Northside Ray White

4%

Morton Cordeau Marshall R&H Crows Nest Harbourline M Partners Hockeys Justin Ferguson Stone

4% 60%

4%

6% 6%

“We have been in touch with Peter since purchasing our property in Naremburn six years ago. We gave him a call with a challenge; we needed our house ready and on the market within six days. His contacts and professionalism, and his team, helped us turn our place around and have it on the market within the six days needed, then sold four days after for a great price. Peter and his team are great operators and I would recommend them to anyone selling their property - you will be very happy and supported every step of the way.”

Hunter & Lucy Steele – 55 Mitchell Street, Naremburn

“For anyone buying or selling in Naremburn, Peter and his team are a natural choice. Peter’s long-standing, deep understanding of the local market meant he was quickly able to accurately appraise and value our property in light of market conditions and similar properties. Throughout the campaign Peter provided constant feedback from interested buyers and insights from other sales and opens. Drawing from an extensive client base, Peter and the team ensured there was strong interest in our property from the first open and negotiated a great sale pre-auction. At all times we felt informed and in control of the sale and that Peter was absolutely acting in our interests while managing a fair and honest bidding process for potential purchasers.”

Allison Davis & Brian Steele – 27 Slade Street, Naremburn

Naremburn Sales – FY 2015/2016 ADDRESS

BED

BATH

CAR

SOLD DATE

LAND SIZE

SALE PRICE

AGENT

5 Dargan Street

5

3

2

Sep-15

639sqm

$3,104,000

McGrath

27 Wheatleigh Street

4

3

2

Dec-15

664sqm

$2,967,000

McGrath

55 Mitchell Street

4

3

1

May-16

324sqm

$2,960,000

McGrath

1 Remah Close

4

2

2

Apr-16

700sqm

$2,925,000

Cordeau Marshall

8 Bongalong Street

4

2

1

Jun-16

405sqm

$2,750,000

McGrath

27 Slade Street

3

2

2

Nov-15

659sqm

$2,637,000

McGrath

67 Mitchell Street

6

2

2

Aug-15

920sqm

$2,600,000

R & H Crows Nest

6 Lawson Lane

4

2

3

Nov-15

520sqm

$2,530,000

McGrath

12 Park Road

4

3

2

Jun-16

556sqm

$2,405,000

McGrath

57 Northcote Street

3

1

0

Sep-15

563sqm

$2,340,000

McGrath

10 Bongalong Street

3

1

1

Aug-15

405sqm

$2,325,000

McGrath

13 Francis Street

3

1

1

Oct-15

806sqm

$2,250,000

McGrath

15 Bongalong Street

2

1

1

May-16

405sqm

$2,230,000

Northside

266 Willoughby Road

5

2

2

Dec-15

406sqm

$2,200,000

Belle Neutral Bay

24 Bongalong Street

3

2

0

Dec-15

405sqm

$2,176,000

McGrath

9 Dawson Street

4

1

3

Nov-15

778sqm

$2,160,000

Harbourline

24 Mitchell Street

3

2

2

Mar-16

215sqm

$2,115,000

LJ Hooker Willoughby

15 Darvall Street

2

1

1

May-16

215sqm

$2,100,000

McGrath

19 Rhodes Avenue

3

1

1

Apr-16

316sqm

$2,070,000

McGrath

37 Central Street

3

2

1

Aug-15

405sqm

$2,025,000

Forsyth

1 King Street

3

2

0

Jun-16

354sqm

$2,005,000

McGrath

7 Adolphus Street

3

2

0

Sep-15

360sqm

$1,985,000

McGrath

33 Martin Street

3

2

2

Dec-15

487sqm

$1,950,000

Forsyth

8 Glenmore Street

3

1

0

Dec-15

406sqm

$1,950,000

Northside

3 Probate Street

3

1

0

Jun-16

272sqm

$1,942,500

McGrath

277 Claire Street

3

3

2

Aug-15

366sqm

$1,940,000

M Partners

21 Martin Street

3

1

1

Aug-15

332sqm

$1,910,000

Hockeys

291 Claire Street

3

2

1

Apr-16

360sqm

$1,900,000

McGrath

42 Slade Street

3

2

0

May-16

319sqm

$1,885,000

Justin Ferguson

* Properties in orange sold by McGrath

“Thanks to Peter’s patience with us over the last seven years, we managed to finally find a house through Peter and sell ours after the first open home. It has been a long ride finding the right property that would suit our taste and needs and Peter knew exactly what ticked our boxes.”

Vickie Scobie & Neale Herridge – 15 Darvall Street, Naremburn

“The advice, assistance, support and communication we received from Peter and his team was outstanding. They were in frequent contact with regular updates on potential bidders which proved to be completely accurate on the day of the auction, resulting in the sale achieving a new suburb record. This would not have been possible without their attention to detail and their evident desire to do the best by their client. We are extremely grateful for all their efforts and cannot recommend them highly enough to future prospective clients.”

Gillian & Bob Aley – 19 Rhodes Avenue, Naremburn

Naremburn Sales – FY 2015/2016 (continued) ADDRESS

BED

BATH

CAR

SOLD DATE

LAND SIZE

SALE PRICE

AGENT

13 Northcote Street

3

1

1

Sep-15

618sqm

$1,875,000

McGrath

73A Garland Road

4

2

0

Dec-15

547sqm

$1,825,000

Belle Neutral Bay

41 Garland Road

3

2

2

Jan-16

468sqm

$1,820,000

McGrath

1A Dargan Street

3

2

2

Nov-15

324sqm

$1,815,000

McGrath

30 Darvall Street

2

1

1

Apr-16

215sqm

$1,810,000

LJ Hooker Willoughby

14 Adolphus Street

2

1

0

Jun-16

354sqm

$1,801,000

McGrath

30A Dalleys Road

2

1

1

May-16

367sqm

$1,800,000

Belle

69B Park Road

3

2

1

Jan-16

323sqm

$1,800,000

McGrath

14 Martin Street

3

1

1

Nov-15

340sqm

$1,800,000

McGrath

5 Adolphus Street

2

1

1

Jul-15

359sqm

$1,760,000

Ray White Willoughby

5 Station Street

3

1

0

Apr-16

310sqm

$1,720,000

Ray White Willoughby

32A Grafton Avenue

3

2

1

Sep-15

406sqm

$1,710,000

McGrath

32 Garland Road

3

1

0

Oct-15

404sqm

$1,660,000

McGrath

10 Talus Street

3

1

1

Sep-15

269sqm

$1,660,000

McGrath

37 Rhodes Avenue

3

1

1

May-16

300sqm

$1,620,000

Morton

23 Rhodes Avenue

2

1

1

Feb-16

404sqm

$1,615,000

Morton

41 Darvall Street

2

1

1

Oct-15

259sqm

$1,610,000

LJ Hooker Willoughby

51 Mitchell Street

3

2

1

Oct-15

215sqm

$1,600,000

McGrath

20 Grandview Street

2

1

1

Nov-15

525sqm

$1,540,000

McGrath

50 Slade Street

3

1

0

Feb-16

286sqm

$1,535,000

McGrath

62 Northcote Street

3

2

2

Dec-15

373sqm

$1,500,000

McGrath

254 Willoughby Road

3

1

1

Oct-15

260sqm

$1,400,000

McGrath

299 Claire Street

3

1

1

Sep-15

368sqm

$1,400,000

Stone

134 Northcote Street

2

1

0

Oct-15

223sqm

$1,315,000

McGrath

* Properties in orange sold by McGrath

“Peter and his team gave expert and prompt service and clearly demonstrated why they occupy the pre-eminent position as the best agency for Naremburn. We were extremely pleased with the result and the speed at which it was achieved.”

John & Claire Stammers – 1 King Street, Naremburn

“From the moment we decided to put our house on the market and kick off the sale process, we were impressed with Peter’s professionalism and enthusiasm. Peter and his team were highly efficient and we were confident that they were doing all they could to attract potential purchasers to the property. Peter provided regular email updates which provided us with visibility over the level of interest and feedback from potential purchasers. Peter has significant local experience and his initial estimate of the purchase price ended up being completely accurate.”

Catherine Oldenburg & Ben Taylor – 3 Probate Street, Naremburn

Local Knowledge and Track Record 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 sale campaign. The results speak for themselves and our sales team have set the price records for 34 of the 50 streets below – something that makes us very proud.

STREET

NUMBER

SALE PRICE

Adolphus Street

7

$1,985,000

Apex Street

5

Bongalong Street

NUMBER

SALE PRICE

McBurney Street

5

$2,999,000

$1,630,000

Merrenburn Aveune

37

$2,210,000

8

$2,750,000

Mitchell Street

55

$2,960,000

Brook Street

83

$1,725,000

Moonbria Street

10

$2,010,000

Central Street

37

$2,025,000

Nolan Crescent

1

$905,000

Christie Street

91

$955,000

Northcote Street

57

$2,340,000

Claire Street

277

$1,940,000

Olympia Road

12

$1,375,000

Dalleys Road

30A

$1,800,000

Oxley Street

14

$1,625,000

Dargan Street

5

$3,104,000

Park Road

12

$2,405,000

Darvall Street

15

$2,100,000

Parkes Street

9

$1,320,000

Dawson Street

9

$2,160,000

Plunkett Street

24

$1,900,000

Dodds Street

9

$975,000

Probate Street

17

$1,950,000

Donnelly Road

37

$2,152,000

Quarry Street

4

$2,410,000

Francis Street

13

$2,250,000

Quiamong Road

10

$1,630,000

Garland Road

52

$2,135,000

Remah Close

6

$2,950,000

Gaza Road

9

$1,940,000

Rhodes Avenue

19

$2,070,000

Glenmore Street

6

$2,210,000

Rohan Street

8

$1,161,800

Grafton Avenue

12

$2,250,000

Ross Street

5

$1,850,000

Grandview Street

18

$1,986,000

Slade Street

27

$2,637,000

Hamilton Avenue

8A

$1,515,000

Station Street

43

$1,865,000

King Street

1

$2,005,000

Talus Street

11

$2,305,000

Lawson Lane

6

$2,530,000

Waters Road

6

$2,000,000

Market Street

27

Confidential

West Street

338

$2,600,000

Marks Street

19

$1,492,000

Wheatleigh Street

27

$2,967,000

Martin Street

33

$1,950,000

Willoughby Road

266

$2,200,000

* Properties in orange sold by McGrath

STREET

“We chose Peter Chauncy and his team to act on the sale of our house because we’d heard they were the ‘go-to team’ for Naremburn sales. We were not disappointed. Peter’s initial advice as to how we should prepare for sale was spot-on without being over-the-top, and his communication as to all developments and his advice throughout the sale process was excellent. We were also impressed by Peter’s friendly manner, his negotiating skills and his obvious integrity. We would have no hesitation in recommending Peter to anyone.”

John & Ros Friday – 32A Grafton Avenue, Naremburn

“We’ve previously had a good experience buying through Peter and selling with him was also a smooth process. He was extremely helpful and supporting throughout the entire process from getting our place ready for sale to his after auction support. His down-toearth honest approach helped manage our expectations and deliver us a positive result. With regards to Peter and his team we only have positive feedback. I’d happily buy or sell through him again.”

Lincoln & Stefanie Mortlock – 50 Slade Street, Naremburn

Sales by Peter Chauncy and McGrath in 2015/2016

Naremburn Median Price Movement for Houses MEDIAN SALE PRICES FOR FINANCIAL YEAR

2016

$1,910,000

2015

$1,675,000

2014

$1,585,000

2013

$1,342,000

2012

$1,200,000

2011

$1,276,250 $1,397,000

2010 2009 2008

$1,050,000 $980,000

A selection of Naremburn Sales by McGrath – FY 2015/2016

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 Mitchell Street

LEASED $1,520 per week

NAREMBURN Slade Street

$1,175 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 87 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 “Hi Ben. Thank you for all your assistance in helping us with recently leasing out our house. You were extremely responsive, efficient and provided us with all necessary information to ensure a stress-free process which saw us find tenants at the first open house, at a potentially tricky time just before Christmas. We would certainly recommend your enthusiastic service to others.”

Michael Weiner 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