TOMAREE PENINSULA QUARTERLY MARKETPLACE REPORT PROPERTIES SOLD 1ST JULY - 30TH SEPTEMBER 2014
A MESSAGE FROM DANIEL O’MEARA Well Spring has certainly seen the local property market warm up! Spring is considered by many to be an ideal time to sell local property; the days are warm with little breeze, the Bay looks at it’s best with perfect blue waters and there aren’t too many tourists around yet meaning you’re not restricted in viewing properties by as many holiday bookings. The typical Spring market combined with a heavy increase in buyer numbers is leading to an increase in median price and a serious reduction in the average time it takes to sell. The recent market conditions have led to a dramatic stock shortage throughout the area meaning that if you’re considering selling, now may be the ideal time. Buyers have been strong across all suburbs and price ranges as you’ll see from the recent sales. There has also been a wide cross-section of buyer types with many investors re-entering the market, lots of people looking for a sea change on the back of a booming Sydney property market and plenty of locals looking to upgrade while interest rates are low and prices haven’t jumped too far. I personally think we’ll continue to see a strong market throughout the balance of 2014 and well into 2015 based on strong consumer sentiment, low interest rates and a general willingness by banks to lend on property. For sellers, the key to ensuring a fantastic price will be to balance the mix of selling method, timing (ensuring a minimum of similar stock) and choice of agent.
Considering selling? Or simply need some advice? Give any of our friendly team a call on 02 4980 4400 for obligation free, professional advice.
TOMAREE PENINSULA STATISTICS Median sale price
48%
Houses Corlette
$577,500
Fingal Bay
$351,500
Nelson Bay
$441,000
Anna Bay Salamander Bay
$488,000 $577,500
OF PROPERTIES SOLD WERE 4 BEDROOM HOUSES
2 Bed
3 Bed
42
217
SOLD
FOR SALE
4 Bed
House Sales HIGHEST SALE
$1,720,000 $308,000 LOWEST SALE
5 Bed
Corlette
Corlette
127 Bagnall Beach Road
9 Luderick Close
4
4
2
2
2
3
716m2 land
870m2 land
$635,000
$518,000
Corlette
Corlette
8 Corrie Parade
26 Pantowora Street
4
2
2
4
2
2
511m2 land
855m2 land
$555,000
$650,000
Corlette
Corlette
33 Danalene Parade
81 Sandy Point Road
3
4
1
1
2
2
550m2 land
550m2 land
$485,000
$470,000
Corlette
Corlette
36 Danalene Parade
15 Saratoga Avenue
5
4
3
2
2
2
512m2 land
744m2 land
$1,100,000
$725,000
Corlette
Corlette
30 Kanangra Avenue
87 Spinnaker Way
4
4
2
2
2
2
630m2 land
759m2 land
$629,000
$600,000
Corlette
Corlette
16 Ketch Close
1/34 The Peninsula
3
2
2
3
2
2
508m2 land
$439,000
$332,000
Corlette
Corlette
19A Ketch Close
4 Wirray Lane
3
4
2
2
2
389m2 land
618m2 land
$439,000
$670,000
2
Corlette
Nelson Bay
30 Yellowtail Way
80A Government Road
3
3
2
1
2
2
475m2 land
324m2 land
$450,000
$675,000
Fingal Bay
Nelson Bay
27 Lentara Street
3/29 Irambang Street
3
3
3
2
2
2
292m2 land
$395,000
$367,500
Fingal Bay
Nelson Bay
1/39 Shoreline Drive
20 Kerrigan Street
2
3
1
1
1
1
581m2 land
651m2 land
$308,000
$441,000
Nelson Bay
Nelson Bay
49 Ajax Avenue
7/2 Magnus Street
5
3
2
2
1
1
575m2 land
$565,000
$265,000
Nelson Bay
Nelson Bay
44 Armidale Avenue
5 Montevideo Parade
4
2
3
2
2
1
822m2 land
645m2 land
$660,000
$325,000
Nelson Bay
Nelson Bay
20 Bay Street
5 Navala Avenue
3
1
1
4
3
2
696m2 land
408m2 land
$407,500
$430,000
Nelson Bay
Nelson Bay
29 Fingal Street
9 Norburn Avenue
4
3
2
2
2
629m2 land
563m2 land
$520,000
$440,000
1
Nelson Bay
Salamander Bay
14 Pirralea Parade
9 Cabin Close
4
3
2
2
2
879m2 land
367m2 land
$615,000
$330,000
Nelson Bay
Salamander Bay
22 Trafalgar Street
6 Cook Street
3
4
1
1
3
1
2
778m2 land
525m2 land
$400,000
$1,720,000
Shoal Bay
Salamander Bay
59 Tomaree Road
104 Salamander Way
4
4
2
3
5
4
728m2 land
2013m2 land
$550,000
$770,000
Anna Bay
Salamander Bay
70 Essington Way
180 Soldiers Point Road
4
3
2
2
2
2
757m2 land
336m2 land
$420,000
$720,000
Anna Bay
Salamander Bay
37 Hanson Avenue
372 Soldiers Point Road
4
5
1
2
2
2
541m2 land
800m2 land
$456,000
$435,000
Anna Bay
Salamander Bay
35 James Patterson
5 Warramunga Close
4
3
2
2
2
2
571m2 land
388m2 land
$520,000
$415,000
Anna Bay
Soldiers Point
2/9 Ocean Avenue
4 Resthaven Avenue
3
4
2
2
2
270m2 land
326m2 land
$770,000
$610,000
2
At O’Meara Property we are the experts in permanent and holiday property managements. We provide a high quality service and offer a discounted rate for the first year. Contact Lisa O’Meara today to see how we can help you grow your property investments.
02 4980 4400 “PROPERTY MANAGEMENT IS ABOUT MORE THAN JUST COLLECTING THE RENT!”
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