Stone Property News

Stone property news

Quarter 2 - 2019

In this edition of the Stone Property News we are looking at the past 6 months’ worth of property results through Aberdare, Kearsley, Elrington, Abernethy, Kitchener and East Cessnock. The Hunter Valley region and Cessnock in particular, continues to demonstrate steady growth for house prices despite what you may have heard over the past year around the housing and property sectors.

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With cash & interest rates dropping to all-time lows, the election over and Scott Morrison suggesting a new first home buyers’ scheme, we have experienced far more positivity and activity in the marketplace. Furthermore, there have been no changes to capital gains tax and negative gearing which has cleared any doubts in the minds of property investors that have been sitting on the fence since early 2019 waiting for the election. APRA (Australian Prudential Regulation Authority) have also flagged lowering the interest rate buffer that is currently being applied to home loans which will not only help first home buyers’ but will alleviate some stress for existing homeowners, provide better access to lending across the board and will result in more active property seekers over the next 6-12 months.

If you have been thinking of selling you could go in the running to win a “LUXURY ACCOMMODATION PACKAGE” to the Golden Door Health Retreat in the Hunter Valley with our “Spring into Spring” campaign! See below to find out more.

Matthew Clarkson 0456 791 524 Mattclarkson@stonerealesate.com.au @mattclarksonrealestateagent

Proudly supporting our local community Kearsley Crushers Rugby League Club

Spring into Spring 2019

It’s not too late too join the “Spring into Spring” giveaway, list your home for sale with Matthew Clarkson of Stone Real Estate Hunter Valley between the 1st June and the 30th September and go in the running to win a luxury accommodation package valued at over $3,000 for the Golden Door Health Retreat & Spa in the Hunter Valley. This includes: › Private Villa accommodation with spectacular views over the Hunter Valley › Hearty and healthy cuisine (All meals and snacks) › A selection of group fitness activities, relaxation and mind-body classes › Use of all the facilities including a 25-metre indoor heated lap pool, outdoor exercise pool, floodlit tennis courts, fully equipped gymnasium, indoor and outdoor activity studios and outdoor relaxation areas › A weekend guest speaker › One complimentary spa treatment per person to the value of $110 (which you may upgrade for an additional fee) › Access to all the spa facilities including steam room, spa bath and relaxation lounges.

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Let’s talk real estate What my clients have to say Professional & knowledgeable - 04 Jun 2019 Matthew made the whole process seamless and stress free. Matthew is professional and has great knowledge of the local market, his willingness to help throughout was outstanding! Thank you for going above and beyond. Amy Gore - Purchaser

Stats that matter

My sales statistics over the past 12 months

Days On Market 19

Fantastic agent! - 29 May 2019 Matt has been nothing but helpful throughout the selling process.

We can’t thank him enough for all his help. Thanks to his drive, market knowledge and skills as an agent we managed to accept an offer after our house only being on the market for 4 days. Andrew Bailey - Vendor

Total Sales $14.2M

Average Sale Price $430,303

Highest Sale Rural $985,000

Highest Sale Lowest Sale Total Residential Properties Sold Price $601,000 34 $230,000

My recent sales

Market summary Residential Summary: Following the election and with interest rates lowering we are seeing a significant rise in property seekers in the marketplace. From January our agency has conducted 582 open houses, had 775 open home attendees and have sold over $17,500,000 worth of residential real estate! With the increased competition between buyers more property owners will take advantage of the improving market and look to sell in order to upsize, downsize or relocate.

Total Sales

Average Sale Price

Total Sales Value

East Cessnock

7

$369,428

$2,586,000

Aberdare

18

$391,794

$6,660,500

4

$377,200

1,886,000

1

Not Enough Data

$515,000

2

Not Enough Data

$617,500

1

Not Enough Data

$930,000

Kearsley Rural Summary: While the residential market held steady during 2018 due to its affordability, the rural market was slow. However, during this Abernethy time our agency sold $9,268,000 worth of rural properties, all varying from 1 acre through to 110 acres. With proposed better access to lending, Kitchener I believe we will begin to see more property owners selling in order to upsize to their dream property.

Elrington

Statistics Courtesy of CoreLogic as @ 12/06/2019