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2452 Spring Edition

Your Market Place Report

HOT TIPS Just SOLD Analysis on recently sold properties

Great advice when selling your home

2452 Market Data

Sawtell / Toormina Boambee East


Hello and welcome to our quarterly update on the 2452 Property Market Welcome to the Spring edition of the 2452 market report. Thank you to all those who contacted us with positive feedback on our previous market updates. We are pleased that this information is of interest to you. The market has been coming along in leaps and bounds these past few months, with a significant reduction in the number of properties available in the area. You will read in the following articles how the experts are predicting a significant increase in

Sydney property prices into 2014, which is great news for Coffs Coast property owners. Historically our local market closely follows the trends of the Sydney market, however these effects are usually approximately 6 months behind our capital city. If you are thinking of selling your property, please call us for a free appraisal. With a severe shortage of properties for sale now could be the perfect time to achieve that premium price for your property.

I’m Sold! 20 View Drive

Boambee East - $650,000

31 Fifteenth Avenue

Tom Sullivan & Sue Lucas

Top Tips

Top tips for saving on energy bills There’s been a lot of talk about the ‘cost of living’ lately, so we thought we’d share a few of our own cost-cutting ideas. Naturally there are lots of ways to save on your energy bills, but we’re not sure if people realise just how easily this can be done. It’s like preparing a family budget – the idea might sound difficult, but it’s actually incredibly straight forward, and once it’s done you’ll reap the benefits of saving extra cash! * Switch your lights off. It doesn't get much simpler really. If you're leaving a room or area of your house, and you're using lights, turn them off. This is because the amount of energy used to keep them running outweighs any other factor, and turning them off will save you money. However, if you're using CFL lights a general rule of thumb is that if you're leaving a room for less than 15 minutes don't bother turning them off. If you'll be gone for longer than 15 minutes, do. This is because their efficiency is outweighed by the impact on the life of a CFL bulb by switching it on or off.

* Let the natural light in. Even in the depths of winter, most houses will be sufficiently lit during the day if all curtains and blinds are opened. While closed curtains may keep the warmth in, and may be your preferred option at night, you're unlikely to suffer from a huge loss of heat by opening things up and letting in the sunshine during the day. If you do feel a loss of heat, it may be worth adding a layer of clothing during the day. We encourage you to have your own light bulb moment and consider how much energy is going to waste in your household.

Sawtell - $635,000

18 Jackwood Grove

Boambee East - $330,000

4/95 Sawtell Road

Toormina - $220,000


real estate news

NEWS - OCTOBER 2013

Have you had your Annual Termite Inspection? It’s something we all need to be wary of, that little sound of ‘munching’ as termites internally excavate our homes. When conditions are humid, termites love to come out to play, or eat, as it may be. They will attack brick as easily as weatherboard homes - in short, nobody is safe from these tiny terrors. With spring now here, it’s only a matter of time before they get active, and we do what we can to protect our properties from costly damage. Termites can be tricky to find, because they often build up little walls around themselves which conceal their presence. Some things to look out for are the munching sounds that can sometimes be heard when termites are active in your home, and mud tubes built up against your property’s existing structures. Of course home owners living in the house will be more likely to notice any significant changes as they arise, but if your home is tenanted, these things may easily be missed. Typical termite damage can include: Earthen masses on architraves of doors, walls, stairs or skirting boards. Blistering, bulging or staining of paint on windows, door architraves and skirting. Damp areas on walls may betray the presence of moist earthen material in which termites live. Electrical failures causing fire by shorting electrical wiring

proudly supporting

in subfloor areas and roof cavities. Earthen masses in the subfloor area under moist situations such as the bathrooms and kitchens where they act as termite “half-way” properties or in roof cavities and walls. Damage to flooring bearers and joists of properties with pier and wall construction. An average treatment by a professional can cost around $1,500. While this in itself is a hefty price to pay, it pales in comparison to the debt you may find yourself in if required to rectify extensive termite damage. It can also prove very costly when trying to sell your home. Countless sales have fallen through when buyers receive building inspection results and some buyers have managed to negotiate thousands off the sale price - thousands that we’re sure you’d prefer to keep in your own pocket! An annual termite check-up is like home insurance, an essential way to maintain your greatest investment. Is your home due for its annual termite inspection?


Prices set to continue rising in 2014 Louis Christopher, one of Australia's most recognised and respected property analysts and head of SQM Research, has released his 'Housing Boom & Bust Report' for 2014 which paints a positive outlook on the local property market predicting a 1 5 - 20% price growth in the Sydney market. This is great news for

Buying?

local Coffs Coast property owners as our real estate market traditionally follows the Sydney market, however we usually experience the follow-on effect around 6 months later. "It will potentially be a one-in-50-year event next year" Mr Christopher said. Currently we are seeing price growth of 9-12% for 2013 and we think that is going to accelerate in 2014." This feeling is

consistent with the market conditions we are currently seeing on the Coffs Coast. There is a serious shortage of properties for sale with a high number of buyers looking to purchase in the area. This 'Sellers Market' is being powered by our low interest rates which are encouraging investors to invest in property, as their money is not producing any returns in the bank!

The Process of Purchasing a Property Purchasing residential real estate can be a very exciting process, however it can also be a very confusing time for the prospective buyer. As you may already be aware, different agencies usually have different sets of rules and standards, so I would like to inform you of the buying process should you decide to purchase a property through Professionals Real Estate. Should you decide to secure or make an offer on one of our listed properties, we will ask you to confirm the following details, enabling us to help you in the best possible way:  The actual purchase price you will be paying for the property.  The method by which you choose to pay the 10% deposit.  The settlement period that you require.  The name of your Solicitor or Conveyancer.  The name of your bank or financial lending institution.

6. Any special conditions or requests that you may have so that we can inform the vendor. (owner) Tip 1: Property owners receive all types of interest – some genuine, some not. Some people submit offers to test the possibility of sale, but do not actually stay true with their offer. This can lead to frustration and concern for the owners as they try to assess who is actually a genuine buyer. The best way to present a strong offer on any property is to utilise your purchasing option of the 5-day Cooling Off Period available in all NSW property Contracts Of Sale. Tip 2: The cooling-off period is only available to the purchaser and allows for an offer to be submitted to the owner in writing, on the Contract Of Sale. This clearly demonstrates to the vendor that you are serious about your offer. Tip 3: Once an agreement on price, settlement, conditions, etc has been reached with the vendor,

the sale can proceed. An exchange of contracts is the only way to actually buy or sell a property. The exchange of contracts occurs when the vendor and purchaser each sign an identical copy of the proposed contract for the sale of land, that land having a title. (The property on the land, being houses, townhouses etc., are known as improvements to the subject land.) Preparation is the key. Understand your rights and have everything in place. If you follow the advice on this page, along with that of your solicitor and your Professionals Real Estate agent, you will be on your way to securing the right home for you. Whether you are considering purchasing a property in the near future, or are currently in the process of buying a home through another company and in need of advice, please feel free to contact one of our team: we will be happy to assist you.


The 5 Simple Steps to Selling your Home. If you’re thinking of selling your home and are not quite sure where to start, you’re not alone. Many people find the process of selling daunting, and most don’t quite know where to start, so we thought we’d put together a bit of a strategy for you; a step-by-step guide to selling your home.

What’s your Home Worth? You may feel like you’ve heard it all before. If a property is priced too low, buyers may think there’s a problem with the property and be scared away; if it’s priced too high, it’ll price its way out of contention. As a home owner we understand how tricky the pricing situation can be - you want to get the best price possible for yourself, but you also don’t want to make your home unattractive to buyers by striving for a price that’s too high. So how do you find that magic number? The first four weeks of a listing campaign are crucial! This is when you’ll receive the most enquiry and attract the most number of inspections. We know a lot of residents ask for a few opinions from various real estate agents when putting their home on the market, and often we see people selecting to list with whichever agent tells them their home will get the highest price. This is extremely risky! Property pricing certainly isn’t brain surgery, but it is somewhat of a science. While it’s impossible for a real estate agent to tell you exactly what price your home will achieve (unless they’re planning to buy it themselves), knowing what comparable properties have recently sold, and what is for sale now that would form your home’s competition on the market, will allow them to create a sound pricing strategy for your property. Beware the agent who plucks a price from the air. If you’re thinking of selling your home, by all means educate yourself and ask for opinions. But make sure when it comes to listing your home you use an agent who deals in facts and results, rather than one who solely tells you what you want to hear. Price your home to be competitive, and enjoy the bidding war you create.

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• Choose a real estate agent to list and market your home and sign a listing agreement.

• Have a chat to your agent about suitable inspection times and the marketing strategy that will best suit your home. • If you haven’t already, get your spring cleaning gloves on and start decluttering, scrubbing and polishing your home. • Make any necessary repairs, and arrange for a building and pest inspection to make sure you’re not going to find any nasty surprises later that could potentially cause a contract to fall over. • Communicate regularly with your agent, and be open to all feedback. • A good agent will be able to negotiate with buyers to earn you the most possible. Work with your agent to help secure the sale you deserve.

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• Once the price and conditions have been negotiated and a written offer has been made, you’ll be in the position to sign your beautiful property over to new owners. Just remember that most contracts will have a five business day cooling off period. • Once the cooling off period is over, your home is officially sold! Congratulations!

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• Your settlement period will depend on what was negotiated at the time of the offer being made. You can use this time to start packing and making arrangements to move to your new home. • Make sure your home is empty and thoroughly cleaned out by the time of settlement, with the key ready to hand over to the excited new owners.

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• Put your feet up and relax. You’ve done it!

VISIT US ONLINE AT WWW.PROFESSIONALSSAWTELL.COM.AU SHOP 1 / 4 FIRST AVENUE, SAWTELL PH: 02 6658 8991 Professionals Companies, members, directors, offices and employees do not give warranty to the accuracy, reliability or completeness of any information provided in this newsletter and shall not be liable for any loss or damage suffered as a result of anyone relying on information provided in this newsletter. Professionals recommends you seek advice from your own financial, taxation, and legal advisors before entering into financial or other transaction. E. & O. E.


2452 Market Place Report

2452 Market Data Sawtell

Toormina

Boambee East

22

25

21

What is the highest price paid in the last quarter?

$780,000

$416,000

$650,000

What is the average price paid in the last quarter?

$465,666

$289,200

$357,533

What is the lowest price paid in the last quarter?

$217,000

$135,000

$220,000

51

48

48

Bath Car Area 3 4 1040

1 July- 30 September 2013 How many properties have sold over the last quarter?

How many properties are on the market? Street Address 20 View Drive

Suburb Boambee East

Type House

Bed 6

11 Lorikeet Avenue

Boambee East

House

5

2

2

239 Linden Avenue 7 Woodswallow Close 11 Ringtail Close 14 Pepperman Road 15 Harvie Drive 18 Jackwood Grove 11A Worland Drive 7 Friendship Close 2/13A Sea Breeze Place 25 Ibis Drive 8A Sandpiper Crescent 2/11 Egret Close 2/51 Sunbird Crescent 32A Paddymelon Circuit 34 Mimiwali Drive 24 Mirrimin Street 8 Letitia Place 18 Mimiwali Drive 82 First Avenue 140 Lyons Road 1/17 Boronia Street 31 Fifteenth Avenue 128 Lyons Road 11 Circular Avenue 53 Elizabeth Street 38 Tindara Drive 108 Boronia Street

Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Boambee East Bonville Bonville Bonville Bonville Bonville Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell

Unit House House House House House House House House House House Unit Unit House House House House Land House House Unit House House House House House House

4 4 3 3 0 3 0 3 3 3 2 2 2 4 3 0 4 0 3 6 3 4 4 2 3 4 3

2 2 1 2 0 1 0 1 2 1 1 1 1 2 2 0 2 0 1 2 2 3 2 1 1 2 2

2 1 1 4 0 1 0 3 2 1 0 1 1 2 2 0 2 0 0 2 2 4 2 1 1 2 2

Sale Price $650,000

Sale Date Aug-13

764

$493,000

Aug-13

680 746 866 776 701 319 495 790 1256 745 360 2033 710 777 618 466 607 0 993 914 654 898 917 759 555 784 550

$395,000 $377,000 $359,000 $355,000 $352,000 $330,000 $325,000 $318,000 $317,000 $310,000 $300,000 $262,000 $220,000 $507,000 $436,000 $415,000 $370,000 $190,000 $780,000 $680,000 $655,000 $635,000 $600,000 $530,000 $485,000 $470,000 $450,000

Jul-13 Sep-13 Aug-13 Jul-13 Jul-13 Aug-13 Jul-13 Jul-13 Jul-13 Jul-13 Jul-13 Jul-13 Jul-13 Jul-13 Aug-13 Jul-13 Jul-13 Sep-13 Sep-13 Sep-13 Jul-13 Aug-13 Aug-13 Aug-13 Sep-13 Jul-13 Aug-13


Street Address 37 Circular Avenue 12 Sabal Drive 112 Boronia Street 148 Lyons Road 6/38 Elizabeth Street 3/38 Elizabeth Street 1 Sixteenth Avenue 2/67 Boronia Street 7 Twenty Second Avenue 46 Amaroo Crescent 16 Illabo Crescent 86 Sawtell Road 8 Mcgregor Close 23 Nariah Crescent 3/66 Sawtell Road 32 Alleena Drive 13 Mirroola Crescent 15 Illabo Crescent 11 Bower Crescent 30 Mcfadyn Street 28 Aquamarine Drive 1/5 Wollongba Place 1/32 Sawtell Road 4/95 Sawtell Road 2/28 Lalaguli Drive 57 Dews Avenue 3/13 Wybalena Crescent 3/12 Corambara Crescent

11 Lorikeet Ave

Suburb Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Sawtell Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina Toormina

15 Harvie Drive

11 Circular Ave

HOT TIP:

Type House House House House Unit Unit Land Unit House House House House House House Unit House House House House House House Unit Unit Unit Unit House Unit Unit

Bed 3 3 3 3 2 2 4 2 1 5 4 3 3 3 3 3 3 0 4 3 3 2 2 3 2 4 2 2

7 Friendship Close

Bath Car Area 1 2 531 2 2 807 1 1 519 1 1 809 1 1 1184 1 1 1144 2 0 2934 1 1 1557 1 0 582 3 3 1041 3 2 1106 2 2 1467 2 2 756 2 2 926 3 2 278 1 0 721 2 0 891 0 0 704 2 1 542 1 1 690 1 1 555 1 1 1086 1 1 823 1 1 0 1 1 723 0 1 575 1 1 2918 1 1 877

1/17 Boronia St

Sale Price $433,000 $415,000 $395,000 $360,000 $315,000 $295,000 $235,000 $217,000 $200,000 $416,000 $366,000 $365,000 $355,000 $350,000 $350,000 $335,000 $320,000 $310,000 $300,000 $300,000 $285,000 $259,000 $257,000 $230,000 $223,000 $205,500 $202,500 $135,000

Sale Date Jul-13 Jul-13 Aug-13 Sep-13 Sep-13 Aug-13 Sep-13 Sep-13 Aug-13 Aug-13 Aug-13 Jul-13 Jul-13 Jul-13 Jul-13 Jul-13 Jul-13 Aug-13 Jul-13 Sep-13 Jul-13 Aug-13 Aug-13 Aug-13 Aug-13 Aug-13 Aug-13 Aug-13

148 Lyons Road

86 Sawtell Rd 16 Ilabo Crescent 23 Nariah Cres 8 McGregor Close You can find more information on any of these properties - including photos, by typing the address into google. As always, if you need further information or any real estate advice you are more than welcome to contact our team.


professionalssawtell.com.au shop 1 / 4 First Avenue, Sawtell p: 02 6658 8991 f: 02 6658 8119

Our focus is you. We hope you have found this market report useful in helping you make an informed decision on your real estate investment. If you require any details which are not presented in this report our friendly team will be more than happy to ascertain the information on your behalf. I wish to continue providing the residents of Sawtell, Toormina & Boambee East with up to date & relevant information regarding your real estate market, so keep an eye out for further reports over the coming seasons. Kind regards, Tom Sullivan Licensee

All local images supplied by Beachscapes Gallery. Ph: 6658 2599

2452 - Spring 2013