WAMBERAL EDITION
2018 Report Mat Steinwede & Trevor Hamilton
A word from Trevor & Mat Welcome to our 2018 Wamberal Report. With market slowdown dominating the headlines and dinner time conversations, the focus on the property market has been mostly negative over the last 6 months. The Central Coast however, and Wamberal in particular, has a much better story to tell. Wamberal residents are seeing firsthand how resilient the local property market is despite a general softening in state wide house prices. The average sale price in Wamberal was $1,120,000, a slight increase of 3.66% from last year, which is a very sustainable figure compared to the gloomy media reports on the Australian property market. Overall there were 91 sales across the suburb, down from last year´s 138, however we continue to serve a growing portion of the Wamberal market with our share of these sales increasing from 41% to 47%. Not only do Wamberal residents recognise the value we deliver, but the industry also. In July this year we were recognised as the number one team in the McGrath network for the second year running.
This recognition is hotly contested and is something we are incredibly proud of achieving. This year wasn’t all about business though, we have also served the Wamberal community proudly. There have been a few recent sales that have created new street records and forced the average home price up to well over $1,000,000. McGrath have largely contributed to these successes, with us personally selling more homes in Wamberal than any other agent. Wamberal is an area we know very well, and having seen the market shift many times over 25 years in real estate we can tell you the principle is the same in any market. Now more than ever you need an experienced agent to help you understand how to protect your price. If we can help with any of your real estate needs, please contact us to discuss a strategy that’s perfect for you and the market we know best. Kind Regards, Trevor & Mat.
Wamberal statistics
$3.5m $650k $1.12m 116 40 16
Highest sale price
Lowest sale price
Average sale price
Number of properties sold
Average days on the market
Properties for rent
$580pw
Average rental price
RP Data
Recently sold
23 Brooks Hill Lane, Wamberal Sold
Client Testimonials “I would really like to say Thank You so much for everything you and your team have done. You have gone above and beyond with your support during this very trying period of our lives. You always took our calls provided genuine advice with care and consideration. The McGrath Sales and Marketing Team are beyond reproach, their professionalism, care and their can do attitude, have made the auction and sales process so much calmer and easier than I ever have previously experience in past property sales over the years. Mat and the McGrath Team - Thank You for being not just professional real estate agents but also a genuine and caring group of wonderful people.” Leah Caelli
“A big Thank You to you and the team for achieving an exceptional result for our house! Right from day one we felt comfortable that we had made the right choice in selecting McGrath. We took a lot of care and consideration in choosing someone to oversee the sale of our biggest asset. You and your team stood out from the other agents in all aspects including professionalism, market knowledge and proven sales history. Your precise advice and recommendations throughout the entire process gave us further reassurance that our property was in good hands. We were also happy with the sales price you achieved which further demonstrated your great negotiation skills. The process was seamless and you and the team kept us constantly up-to-date with proceedings. We have dealt with many good agents in the past, but you and your team really have raised the bar. Thank you for being very respectful and genuine in dealing with us.” Grace, Ajit, Rod & Kate
A selection of recent sales
51 Bundara Avenue, Wamberal Sold $1.85m
40 Lumeah Avenue, Wamberal Sold $1.5m
7 Dashwood Close, Wamberal Sold $1.475m
50 Lumeah Avenue, Wamberal Sold $1.4m
34 Windsor Road, Wamberal Sold $950k
118 Old Gosford Road, Wamberal Sold $850k
Recent sales in Wamberal No
Address
Date
Price
3
Remembrance Drive
3
1
1
15.08.18
$3.1m
24
Loxton Avenue
4
3
4
06.07.18
$2.2m
3
Wiles Avenue
2
2
2
09.07.18
Sold
4
Ocean Palms Close
5
6
11
21.09.18
$1.96m
84
Brush Road
4
2
3
08.05.18
$1.955m
51
Bundara Avenue
4
4
2
04.09.18
$1.85m
40
Grove Road
4
3
2
11.08.18
$1.8m
66
Brush Road
5
5
5
30.10.18
$1.75m
35
Longview Close
6
3
2
19.05.18
$1.655m
11
The Brow
5
3
2
08.06.18
$1.6m
5
Wiles Avenue
4
2
2
25.06.18
Sold
440 Tumbi Road
5
2
6
16.11.18
$1.51m
40
Lumeah Avenue
5
3
2
07.11.18
$1.5m
7
Dashwood Close
5
4
3
31.10.18
$1.475m
592 The Entrance Road
3
2
2
07.06.18
$1.35m
5
4
3
2
05.05.18
$1.23m
2/40 Ocean View Drive
3
3
3
27.08.18
Sold
32
Braemar Drive
4
3
2
30.06.18
$1.2m
27
Heights Crescent
4
2
4
20.07.18
$1.17m
Lucinda Avenue
Bed Bath Car
RP Data
Recent sales in Wamberal No
Address
Bed Bath Car
Date
Price
40
Coreen Drive
5
3
2
02.05.18
$1.15m
52
Old Gosford Road
4
3
3
17.08.18
$1.15m
54
Aldinga Drive
4
2
2
07.11.18
$1.13m
87
Blue Bell Drive
4
3
2
26.07.18
$1.12m
20
Heights Crescent
4
2
2
21.07.18
$1.12m
43
Old Gosford Road
4
3
1
23.10.18
$1.01m
8
Loxton Avenue
3
2
2
06.10.18
$950k
34
Windsor Road
4
1
2
07.11.18
$950k
83A Old Gosford Road
4
2
2
15.10.18
$930k
2
Dorset Close
3
2
1
18.05.18
$928k
4
Winston Street
3
1
1
03.11.18
$920k
54
Windsor Road
5
4
3
10.09.18
$906.5k
118
Old Gosford Road
4
2
2
15.10.18
$850k
180
Willoughby Road
4
2
2
30.09.18
$840k
4
Aldinga Drive
5
2
2
05.10.18
$825k
6
Dalpura Road
2
1
1
08.11.18
$817.5k
3
Cabarita Street
3
2
2
27.05.18
$787.5k
25
Benwerrin Road
3
2
1
17.10.18
$765k
122
Old Gosford Road
3
1
3
19.09.18
$735
819
The Entrance Road
2
1
1
21.09.18
$650k
RP Data
A selection of recent sales
40 Grove Road, Wamberal Sold $1.8m
11 The Brow, Wamberal Sold $1.6m
5 Wiles Avenue Sold
3 Wiles Avenue, Wamberal Sold
3 Remembrance Drive, Wamberal Sold $3.1m
8 Loxton Avenue, Wamberal Sold $950k
Why Mat & Trevor
25 years $231m 204 32
Total value of properties sold in FY18
Highest number of sales on the Central Coast
Our average days on the market
$1.4m 5
Real estate industry experience
Our average sale price
Highly experienced McGrath team members
#1 In the McGrath Network
RP Data
Case studies 4 Beds 3 Baths 2 Cars
Sale Method
Auction
Sale Price
1.8m
Vendor’s price expectation
1.7m
Days on market
30
No. of inspections
55
No. of contract issued
5
Buyer origin
Lisarow
40 Grove Road, Wamberal Sold $1.8m 3 Beds 3 Baths 3 Cars
Sale Method
For Sale
Sale Price
1.2m
Vendor’s price expectation
1.15m
Days on market
10
No. of inspections
6
No. of contract issued
2
Buyer origin
Western Sydney
2/40 Ocean View Drive, Wamberal Sold $1.2m 5 Beds 4 Baths 3 Cars
Sale Method
Auction
Sale Price
1.475m
Vendor’s price expectation
1.45m
Days on market
28
No. of inspections
34
No. of contract issued
6
Buyer origin
Wamberal
7 Dashwood Close, Wamberal Sold $1.475m 4 Beds 2 Baths 2 Cars
50 Lumeah Avenue, Wamberal Sold $1.4m
Sale Method
Auction
Sale Price
1.4m
Vendor’s price expectation
1.3m
Days on market
1
No. of inspections
1
No. of contract issued
1
Buyer origin
Avoca Beach
Trevor Hamilton 0402 392 398 4384 0211 trevorhamilton@mcgrath.com.au Mat Steinwede 0414 852 200 4384 0202 matsteinwede@mcgrath.com.au