Michael - 16th Cessnock

Stone Property News.

Featuring Cessnock, Bellbird, Bellbird Heights and Nulkaba.

JUST LISTED

170 Wollombi Road, Cessnock Welcome to the 16th edition of Stone Property News for Cessnock. Well our market continues to out perform the most optimistic of predictions with records sales being achieved everywhere. Our area is not alone in this hot market as you will see from the RP Data core-logic report on page 2 it is right across the country, with combined regional areas having double the growth of combined capital cities over the last 12 months. Buyers are continuing to compete strongly for any new listings coming to market, with out of area buyers keen to snap up property.

We are finding most properties going under offer within the first week of going to market with multiple offers on each. There is a notable increase in listings coming to market recently providing more choice, however demand is still strong, so if you find your dream home, my advice is don’t delay because they are still selling quickly.

Michael Hurley 0491 012 003 @michaelhurleystonerealestate

Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Market report.

CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month. Sydney led the pack for capital gains in March, with values surging 3.7% over the month and 6.7% higher over the first quarter of the year. According to CoreLogic’s research director, Tim Lawless, “The last time Sydney housing values recorded a quarterly trend this strong was in June/July 2015. Following this brief surge, the pace of growth rapidly slowed as limits on investor lending kicked in to slow the market.”

Across the regional markets, gains were highest in NSW, where values were up 2.8% over the month.

March marked several inflection points across the market: Sydney and Melbourne have now staged a full recovery from earlier downturns. With the acceleration in capital gains across Sydney and Melbourne, the larger capitals have started to outpace many of the smaller cities that were previously leading the charge in growth. Sydney dwelling values are now 2.6% higher than their July 2017 peak: a remarkable recovery considering the -14.9% drop in values through to May 2019 and the further -2.9% fall throughout the COVID downturn. Similarly, Melbourne housing values have recovered from the -11.1% fall between 2017 and 2019, and the -5.6% drop in values through the worst of the COVID related downturn to set a new record high in March.*

Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

*courtesy of rpdata corelogic

New listing. listing JUST LISTED

170 Wollombi Road, Cessnock - $750,000 - $780,000

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Federation beauty on two lots Positioned on two lots totaling 1,373sqm and within 800m of Cessnock’s CBD, this exquisitely presented Federation home blends original architectural elegance with outstanding updates for modern living. Its fluent single level boasts four oversized bedrooms, three bathrooms and two living zones plus a parents retreat. Manicured lawns, clipped hedges and a large alfresco deck increase appeal. › Stunning Federation home sitting on level flood-free land zoned R3 Medium Density › Leadlight windows, high ceilings and French doors enhance the charming interiors › Two separate living areas, smart kitchen with dishwasher and gas cooktop › Beautiful bedrooms, three open outdoors, master with private retreat/WIR › Three stylish bathrooms include one ensuite with a spa bath › Split-system/ducted air-con + ceiling fans keep you cool during summer months › Three fireplaces and gas heating ensure warmth over winter › Great alfresco entertaining area, side deck, glorious gardens and lawns › Large double garage with workshop and storage for the tradie or caravan › Double carport, 8 solar panels and a prized location 800m to Cessnock Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

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New listing. listing UNDER OFFER IN 2 DAYS

227 Mathieson Street, Bellbird - $420,000 - $440,000

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A perfect start or investment home Set on the high side of the road with views toward the rolling hills of Mount View, this instantly comfortable home makes a great lifestyle base close to shops, clubs and schools. Revealing three bedrooms, an inviting living space and a tidy kitchen and bathroom, it’s a perfect first home or investment opportunity with scope to add-value at a later date. › Single-level layout with a tandem carport, garden shed and fenced yard › Cosy combustion fire and split-system air-con to the living room › Tidy electric-equipped kitchen with an adjoining meals area › All bedrooms include cooling ceiling fans and air-conditioning › Well-kept bathroom with separate shower and bath, internal laundry › Generous backyard with level lawns and established gardens › Walk to Bellbird Workers Club, Bowling Club and Bellbird Hotel › 3.5km to Cessnock’s shopping centres, cafes and restaurants

Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Just sold.

JUST SOLD

1 Jurd Street, Cessnock - $560,000

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Results beyond expectations - 09 Apr 2021 “In the last couple of years, I have had a few negative experiences with local real estate agents in Cessnock. However, Matt Clarkson and Michael Hurley of Stone Real Estate have proven themselves to be professional as well as nice human beings.

Selling my house through them has been the least stressful property sale that I have ever experienced, and the results have been beyond expectations. If you are thinking of selling your property in the the Hunter Valley, I highly recommend having a chat with Matt or Michael before selecting your agent.”

Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Just sold.

JUST SOLD

2/195 Mathieson Street, Bellbird Heights - $319,000

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Sale of our residence in bellbird Cessnock - 27 Feb 2021 “Our experience with selling our property through Michael Hurley of Stones Real Estate was easy no fuss & hasslefree. We were kept informed very regularly, and kept up to date all the time. I don’t think we could’ve had any better service we are so glad we chose Stones Real Estate”

JUST SOLD

10 Traminer Grove, Cessnock - $625,000

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From our first meeting we found Michael to be professional and easy to communicate with. - 22 Feb 2021 “Michael’s market knowledge is excellent and he kept us informed regularly. Open houses and private inspections were well communicated and manageable. We are very happy with the outcome.”

Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

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Just sold.

UNDER CONTRACT OFF MARKET

145 Congewai Street, Aberdare - $570,000 - $595,000

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JUST SOLD

123 Mathieson Street, Bellbird Heights - $505,000

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Professional and polite - 09 Apr 2021 “Very knowledgeable about the market. Pleasant and easy to deal with. Very professional and great communication and feedback from buyers. Was a quick sale happy with the outcome.”

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Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au