Stone Property News

Stone Property News.

Featuring Millfield, Paxton, Ellalong, Congewai, Quorrobolong & Surrounding Areas

JUST LISTED

42-46 John Street, Ellalong Welcome to the 13th edition of Stone Property News for the Village area. In this issue we cover the new first home buyers scheme and statistics on all 2019 sales in our area.

This month’s edition also shows 2 outstanding lifestyle properties in Ellalong and Paxton (Pages 4 & 5).

With the recent resurgence in the Sydney market starting to filter through to our market, recent rate drops and the first home buyers scheme starting up we have had the busiest start to the year in quite a few years with plenty of buyers out and about. Investors and first home buyers are making up a good percentage of the buyers looking If you are considering selling now is certainly a great time as buyers are again starting to compete for properties. If you are buying I would certainly suggest getting into the market now as buyer competition always lifts prices. Also as outlined in the information page on the first home buyers scheme on page 2, it is restricted to the first 10,000 successful applicants.

Michael Hurley 0491 012 003 @michaelhurleystonerealestate

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

First home loan deposit scheme This scheme allows first home buyers to get a home loan sooner because you only have to save a smaller deposit. 5% deposit home loans already exist, but you need to pay LMI (Lenders Morgage Insurance) when borrowing more than 80% of a property’s value. With the first home loan deposit scheme you save time, because you can save a 5% deposit in a quarter of the time it would take to save 20%. You also avoid the LMI premiums, which can cost thousands of dollars.

Key Points: › If you’ve saved 5% of the purchase price of your property the government can guarantee the remaining 15% of the deposit. › Access to the scheme is limited to 10,000 borrowers. › You need to borrow the remaining 95%, but you can avoid LMI. › Your mortgage needs to be an owner-occupied loan with principal-and-interest repayments. › Eligible first home buyers can’t be earning more than $125,000 a year ($200,000 combined for couples). › The value of eligible homes under the scheme varies by state and city/region (NSW upto $700,000 for Capital city/regional centre* or $450,000 for the rest of the state.)

*A regional centre is defined as a city with a population above 250,000, such as Newcastle, Wollongong or Geelong.

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

Just sold JUST SOLD

10 Adelaide Street, Paxton - $521,000

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2

3

Very pleased with our experience - 21 Jan 2020

This is the second home Michael has sold for us. We wanted someone who was genuine, prompt, professional and motivated to achieve the results we wanted, and Michael encompasses all these.

He and Noah constantly kept us informed throughout the process, we have again recommended him to friends amd family.

SOLD OFF MARKET

24 Adelaide Street, Paxton - $410,000 House sold in NO time! - 22 Nov 2019

3

2

Michael has been instrumental in getting our house sold in a very tight timeframe. In addition to his efficiency, he has been supportive during a difficult time in our family as well as being effective in coordinating the necessary contacts and logistics in getting our house prepared for viewings. He is very knowledgeable of the area, has the right contacts and was able to sell our home at the best price. Thank you Michael and the team!

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

3

New listing JUST LISTED

43 Main Road, Paxton - $450,000 - $475,000

3

1

7

A family entertainer designed for lifestyle living A natural entertainer, this expansive home delivers impeccable family comfort matched with a sought-after village location. Designed with the Australian lifestyle in mind, highlights include large living areas, peaceful bedrooms, a double garage/man cave with second bathroom and studio, 5-car carport and sizeable yard punctuated by an inground pool and landscaped surrounds. › Single-level family entertainer designed with lifestyle living in mind › Meticulously maintained throughout with nothing to spend › Modern island kitchen equipped with stainless steel appliances › Three double bedrooms with ceiling fans, built-ins fitted to two › Contemporary bathroom with deep tub and separate shower › Superb alfresco options, three split-system air-cons, security system › Double garage with studio, 2nd shower and w/c plus attached 5-car carport › Spend warm days cooling off in the refreshing salt-water pool › Level and fully fenced 1012sqm block in the popular village of Paxton › Cessnock 11kms, school, pub, club and general store all within 1 km Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

New listing JUST LISTED

42-46 John Street, Ellalong - $645,000 - $665,000

4

3

2

Luxurious village lifestyle Relishing in its village location and owned by an interior designer, this luxurious home with separate studio exudes all the high-end style you’d expect to see in a glossy magazine. Providing everything on a family’s wish list, fully renovated interiors are impeccably finished with floorplan highlights including double bedrooms, open plan living and breathtaking bathrooms. › Meticulously renovated for the discerning buyer by the interior designer owner › Expansive open plan living area with bamboo flooring and double French doors › Living zone leads directly onto the 3.2m wrap-around verandah with large swim spa › Three double bedroom with robes and fans plus studio for extra accommodation › Master beds’ bathroom includes freestanding bath, double vanity, underfloor heating › 8m x 10m colourbond shed complete with air-conditioned studio and ensuite › Gas heating outlet and ducted air-conditioning for year round comfort › Gazebo with firepit – perfect for family get-togethers, 2 x 22,500l water tanks › Rests on a substantial 2,830sqm block in a quiet no through road › 12.4kms to Cessnock, primary school, general store and pub in a 1km radius Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

New listing JUST LISTED

32-34 Wamlsley Street, Millfield - $275,000 - $295,000

0

0

Quality block, dreamy outlook Don’t miss the limited opportunity to build on a large 1,774 sqm in this quiet street with spectacular mountain and area views. A large 40 metre frontage allows for any building design to build your dream home with plenty of extra room for a shed, pool or a lovely garden.

› Gently sloping to the street with mesmerising views › Amazing area views › Great block in prized location › Zoned RU5 Village › Located less than 1 km to primary school and 12 kms to Cessnock

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

0

Village market update Area flyover all sales 2019

Total Sales

Highest Price

Annual growth of median sale price

Paxton

23

$720,000

-5.3%

$340,000

Ellalong

29

$850,000

-19.6%

$426,000

Millfield

17

$1,080,000

15%

$465,000

Congewai

1

$1,080,000

No data

No data

Quorrobolong

7

$1,250,000

No data

No data

Statistics courtesy of realestate.com.au and Corelogic

Stone Results 2019

Total Sales

Total Sales Value

Average Sale Price

19

$8,213,000

$432,263

2019

› Stone results for 2019 in Paxton, Ellalong and Millfield Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Median Price

Need help with finance

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