Property market report
Hello and welcome to our update on the Tomaree Peninsula property market The last few months have seen a continually improving property market. Properties that are reasonably priced are selling very quickly and buyers now seem to be looking for a more diverse range of properties leading to some great prices being paid. Vacant land and units have been selling very well which is something we haven’t been able to say for quite some time. Family homes are heavily sought after and we are constantly seeking new listings of these in the $400,000 to $700,000 range. The market for waterfront properties and those with water views seems to be well and truly on the mend with a number of sales and some selling within days of hitting the market. The recent sales statistics show a spread of sales from just $97,000 for a small commercial shop at Soldiers Point through to the $4,290,000 sale of the ‘Peninsula Motor Inn’ at Nelson Bay. Every postcode recorded a sale over $1,000,000 which I can’t remember happening for a number of years.
property is the way to go but history shows that the truly highest possible price is obtained in the first six weeks of marketing. Hence why auctions work so well. Interestingly enough, throughout the quarter measured, auctions produced an almost 100% clearance rate.
101 Salamander Way, Salamander Bay
With continuing low interest rates and an increasing level of confidence in the economy we feel that the market will continue along its current trend for the foreseeable future. The future of price growth will be totally dependent on the supply of suitable properties which has been a struggle in recent times so we may well see some gradual price growth over the next year. In you’re considering selling or would simply like to know what your property is worth on today’s market we’d be delighted to provide you with a obligation and cost free appraisal based on recent comparable sales. Feel free to contact our sales team anytime on 02 4980 4400. Regards
4 Bed, 2 Bath, 2 Car
$915,000
4/54 Salamander Way, Salamander Bay
Daniel O’Meara
The recorded sales on RPDATA are actually higher than what’s shown opposite, we’ve deleted a number of related sales (normally due to inheritance or family settlements) from the statistics, over 20 in total. It was also interesting to note that the number of commercial sales was the highest it’s been in ages and all of them were to owner occupier businesses and not one was in the industrial developments at Taylors Beach. 3 Bed, 2 Bath, 2 Car
Whilst the overall number of properties currently offered for sale has risen over our last report I believe some of the properties are being offered at above market prices so will either need a price adjustment or will sit around for some time. Some sellers feel that putting a high price on a
$350,000
2/40 Ocean Avenue, Anna Bay
Great tips for selling your home •
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Pack up your collectibles – both to protect them and to give the room a more spacious feel. Leave out just enough accessories to give the house a personal touch. You can use products like carpet deodorisers, air fresheners and room deodorises, but the best strategy is to remove the source of the aroma rather than cover it up. The use of a brightly coloured pillow on a chair or a throw blanket on a sofa can add dimension to an otherwise neutral room. Use accent pieces for colour. Clean and polish ceiling fans. Take down and clean exhaust fan covers, these are dust magnets.
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Check all corners for peeling paint, chipped corners and loose wallpaper. Check to see that all doors and windows are in good working order. Give special attention to your house’s exterior doors and front entry. Clean and paint doors if necessary. Remember that you have only one chance at that first impression and that is likely to be at your front door.
3 Bed, 1 Bath, 2 Car
$495,000
1/1 Kurrawa Close, Nelson Bay
For further tips, call us for a copy of our guide “101 Tips - How to present your home for sale and get more money” 3 Bed, 1 Bath, 2 Car
$387,500
TOMAREE PENINSULA Market Data 2315
2316
2317
129
28
53
What was the highest price paid in the quarter?
$4,290,000
$1,125,000
$1,735,000
What was the average price paid in the quarter?
$463,333
$496,018
$457,561
What was the lowest price paid in the quarter?
$143,500
$275,000
$97,000
How many properties are on the market now?
393
103
125
How many properties sold in the quarter?
PROPERTY ADDRESS
STYLE
SUMMARY
AREA
SALE DATE
METHOD
PRICE
Townhouse
3 Bed, 2 Bath, 2 Car
233m
17/08/2013
Auction
$320,000
6 Admiral Close, Salamander Bay
House
4 Bed, 3 Bath, 2 Car
767m
29/08/2013
Private Treaty
$475,000
29 Kestrel Avenue, Salamander Bay
House
4 Bed, 2 Bath, 2 Car
756m
02/09/2013
Private Treaty
$527,000
159 Soldiers Point Road, Salamander Bay
House
5 Bed, 3 Bath, 2 Car
664m
18/07/2013
Private Treaty
$1,735,000
6/39 Soldiers Point Road, Soldiers Point
Unit
2 Bed, 1 Bath, 1 Car
N/A
29/07/2013
Post Auction
$245,000
1/49 Soldiers Point Road, Soldiers Point
Unit
3 Bed, 3 Bath, 4 Car
N/A
13/09/2013
Private Treaty
$1,300,000
7B Biscay Close, Anna Bay
Duplex
3 Bed, 2 Bath, 2 Car
336m
01/08/2013
Private Treaty
$340,000
37A Ocean Avenue, Anna Bay
Duplex
3 Bed, 2 Bath, 2 Car
321m
20/08/2013
Private Treaty
$830,000
23 Harbourview, Boat Harbour
House
4 Bed, 3 Bath, 2 Car
411m
16/08/2013
Private Treaty
$653,000
504 Marsh Road, Bobs Farm
Rural
3 Bed, 2 Bath, 3 Car
16.02h
05/07/2013
Private Treaty
$540,000
1/4 The Bridge, Corlette
Duplex
3 Bed, 2 Bath, 2 Car
N/A
07/08/2013
Private Treaty
$340,000
72 The Peninsula, Corlette
House
4 Bed, 2 Bath, 2 Car
649m
22/07/2013
Private Treaty
$525,000
11 Mulubinda Parade, Corlette
House
4 Bed, 2 Bath, 2 Car
751m
17/07/2013
Private Treaty
$870,000
19 Boulder Bay Road, Fingal Bay
House
4 Bed, 2 Bath, 2 Car
613m
27/08/2013
Private Treaty
$505,000
2 Hardy Street, Nelson Bay
House
2 Bed, 1 Bath, 1 Car
398m
01/07/2013
Private Treaty
$280,000
8 Nelson Street, Nelson Bay
House
4 Bed, 2 Bath, 2 Car
973m
27/09/2013
Private Treaty
$380,000
20 Trafalgar Street, Nelson Bay
House
5 Bed, 2 Bath, 1 Car
778m
26/08/2013
Private Treaty
$475,000
18 Iluka Close, Fingal Bay
House
4 Bed, 2 Bath, 2 Car
697m
01/07/2013
Private Treaty
$663,500
Unit
3 Bed, 2 Bath, 2 Car
N/A
11/07/13
Private Treaty
$575,000
22 Gloucester Street, Nelson Bay
House
5 Bed, 2 Bath, 1 Car
449m
23/09/2013
Private Treaty
$875,000
121 Navala Avenue, Nelson Bay
House
3 Bed, 2 Bath, 2 Car
2,185m
12/07/2013
Private Treaty
$970,000
64 Tomaree Road, Shoal Bay
House
2 Bed, 1 Bath
696m
31/07/2013
Private Treaty
$315,000
110 Horace Street, Shoal Bay
House
4 Bed, 2 Bath, 2 Car
575m
11/07/2013
Private Treaty
$490,000
7 Ocean Beach Road, Shoal Bay
House
4 Bed, 2 Bath, 2 Car
651m
05/07/2013
Private Treaty
$590,000
12 Leonard Avenue, Shoal Bay
House
3 Bed, 2 Bath, 1 Car
538m
01/08/2013
Private Treaty
$395,000
12/262 Sandy Point Road, Salamander Bay
2/9 Laman Street, Nelson Bay
What our clients are saying... Many thanks from us both for the never ending effort that you put into this property sale Bob & Kerry | Corlette We were very pleased with the way you conducted our sale, I liked you and your attitude from our very first meeting, we have had previous experiences with selling property which were shall we say, not so pleasant, but in your case we found you to be very honest and direct, you did everything you said you would, kept us up to date with proceedings and I think went beyond your scope of works to ensure we achieved the best result possible. Nicholas | Anna Bay