Stone Property News

Stone Property News.

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

NEW LISTING

8 Forest Court, Paxton Welcome to the 15th edition of the Stone Property News for the villages, Congewai and Quorrobolong areas. Well Australia has certainly changed since the last newsletter with Covid-19 having made its presence felt in our country. Contrary to popular 1st opinions by the media, our real estate market has been amazing resilient to its effects to date. I have discussed this in further detail on page 2 and well worth a read if you considering entering, exiting, upsizing or downsizing in this market. This edition as you can see we have 2 lifestyle properties (with 1 already under offer) and 2 vacant blocks with serene outlooks available. I have another off-market property also under offer with details of that sale being disclosed in the next edition.

The quick sale of 20 John St, Ellalong really showed that buyers are well and truly still looking and that under $350,000 is our strongest buyer bracket. The property was on the market only 11 days and we had 13 enquiries, 10 inspections and 5 offers.

The recent sale of 10 Short St, Ellalong has further showed our market has certainly held up with no price drops occurring as reported by some sections of the media, in fact the opposite is occurring with stronger than expected results with a number of properties selling at full asking price.

Michael Hurley 0491 012 003 @michaelhurleystonerealestate

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

Is now the right time to sell?

During the covid-19 pandemic I have been asked “Is it a good time to sell” or people are making the assumption and saying “I know it is not a good time to sell”. I have been telling people for a while now that it actually a great time to sell. Yes, unfortunately a number of people have lost jobs, while others are having trouble securing finance with the banks tightening their lending criteria and there are less people looking, however the graph below just released from RP Data-Core Logic shows the number of properties nationwide coming to market has reduced significantly. You will see from the graph that each year the number of properties coming to market has reduced and we have certainly seen this nationwide trend locally. Covid-19 has certainly had people concerned about listing their properties, but those that have, have been achieving some amazing sale prices. If thinking of upsizing, downsizing or relocating and don’t think now is a good time to sell, consider the points below:

› Supply and demand along with great marketing always dictates the end sale price. (As seen with oil prices at present, demand is low so prices drop) › If there is competition between buyers (like competitive sports people) this will draw out the best result › We are seeing a larger volume of buyers moving to the local area from out of area › Cashed up investors are looking to property in lieu of shares as a safe form of investment › Newer properties to the market have achieved the best result › Sell now before the expected large increase in listings coming to market post Covid-19 › A large increase in listing volume later may put some downward pressure on prices as buyers have more choice

New listing numbers have fallen sharply but have started to bounce higher as restrictions are lifted while total listing numbers remain low New Listings, rolling 28-day count, national

Total Listings, rolling 28-day count, national

40,000

140,000

35,000

120,000

30,000

100,000

25,000

81,775

80,000

20,000

15,926

15,000

28 days ending May 24 -25% compared with last year

40,000

10,000

28 days ending May 24 -31% compared with last year

5,000 0

60,000

As at 24 May, 2020

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016

2017

18 July 2019 CoreLogic, CoreLogic, Inc. ©©2020 Inc.All AllRights RightsReserved.

Reserved.

2018

2019

2020

20,000 0

As at 24 May, 2020

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016

2017

2018

2019

2020 Source: CoreLogic

22

Please give me a call if you are wanting more information or want to know what your home is worth in the current market.

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

New listing JUST LISTED

8 Forest Court, Paxton - $770,000 - $799,000

4

2

3

Craftsman-built masterpiece for families Expert craftsmanship and excellent lifestyle credentials are the standout features of this amazing family home, privately set on 7462sqm of park-like grounds within Paxton’s prestigious Watagan Rise Estate. No stone was left unturned in the building process of this masterpiece, making it a must-see for the discerning family buyer seeking something truly special.

› Gold class media room experience – large screen, projector and sound system › Heart-of-the home chef’s kitchen with bi-fold servery windows for entertaining › 40mm stone benchtops, soft closing drawers and lengthy central island bench › Induction cooktop, ducted rangehood, electric oven and convection microwave › Picture-perfect alfresco area with pitched roofline and wide open views › Master bedroom with ensuite, WIR’s, private access to verandah sitting area › Three further bedrooms, all generous in size with ceiling fans, built-ins to two › Luxurious 3-way bathroom with walk in shower, large bath and twin vanities › Triple garage with remote doors and attached lockable workshop/storage area Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

New listing UNDER OFFER IN 4 DAYS

12 Redgum Road, Paxton - $700,000 - $740,000

5

2

44

A family-sized lifestyle retreat Located in the esteemed Watagan Rise Estate and set upon an impressive 6640sqm corner block, this spacious home delivers lifestyle living at its very best. Flexible in design and with every modern comfort, it enjoys an oversized outdoor area for alfresco entertaining, a double garage, workshop, stable and two horse paddocks. There’s even subdivision potential STCA. › Sprawling single level home of quality brick and iron construction › Four distinct living zones, three appointed with split-system air conditioning › One living area could easily be transformed into a separate studio if desired › Large country kitchen with island bench, dishwasher and electric cooking › Four bedrooms, all double sized and including built in robes and ceilings fans › Impressive alfresco area surrounded by perfectly tended lawns › Stand-alone 9m x 6m double garage with handy workshop area › 8 solar panels, solar hot water, town water, sewer, 2 separate water tanks › Veggie garden, chook pen and room for a horse or 2, with a stable and 2 paddocks › Security system and property dog-proof fenced Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Current listing JUST SOLD

10 Short Street, Ellalong - $655,000

5

2

44

Impressive family entertainer in top street Prepare to be impressed by this spacious family entertainer on a substantial 1,780sqm block in one of Ellalong’s best streets. Complete with salt-water pool, alfresco area with pizza oven and plentiful garaging, modern living is at the heart of its design, with 5 bedrooms and 4 living spaces providing zones for every member of the family to either connect or relax in private.

› Spacious home on a near level 1780 sqm block with great entertaining options › Two living and two dining zones, two split-system air-cons, slow combustion fire › Up-to-date kitchen featuring electric cooking, dishwasher and good storage › Five bedrooms with robes and ceiling fans, walk-in robe and ensuite to master › Covered alfresco retreat with brick-built pizza oven, in-ground salt water pool › Oversize double garage + 14 x 6.8m shed with two bays – great for the tradie › Three garden sheds, secure front and rear yards and prized rear lane access › Only 600m to the primary school, 800m to Ling’s Café, 12kms to Cessnock Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Current listing FOR SALE

7 Dianella Crescent, Paxton - $169,000

760.50

FOR SALE

32-34 Walmsley Street, Millfield - $279,000

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

1,774

Just sold SOLD

20 John Street, Ellalong - $330,000

3

1

1

Excellent job - fast sale - 01 May 2020 Michael went out of his way to help us on so many occasions, going above and beyond to give us the best experience possible in selling our first home. His communication with us was so clear, we were kept up to date along the whole journey. We were especially impressed with how our home was marketed and advertised, it was a very high standard. Highly recommend him!

SOLD

16 Redgum Road, Paxton - $640,000

5

2

Hard working and good industry knowledge - 03 Jun 2020 Michael has just recently sold my home in very testing times when another real estate agent could not. He had good knowledge of how the market was performing and shared that in an open and honest fashion and helped me price my property realistically to sell but at no time made me feel pressured to compromise what i needed to sell it for. He worked hard and found a lot of potential clients to view my place and sold it within 3 weeks. Michael kept in me updated every step of the way and I felt confident the sale was in good hands at all times.

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

Proudly supporting local business Lings Cafe & Store Opening Hours Monday 8am - 4pm Tuesday 8am - 4pm Wednesday 8am - 4pm Thrusday 8am - 4pm Friday 8am - 7pm Saturday 8am - 4pm Sunday 8am - 3pm Extended trading hours for dinner on Friday night.

5-7 Rugby Street, Ellalong (02)4998 1476 Follow us on facebook to keep up to date

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