Michael Hurley - Stone property News 19th - Villages

Stone Property News.

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

NEW LISTING

21 First Street, Millfield Welcome to the 19th edition of the Stone Property News Village edition. Happy New Year to you all and thank you to all my clients for your support during the last 12 months. The buyer activity is still far exceeding supply with most properties selling above vendor’s expectations.

This edition we can report a new listing in Millfield and 6 recent sales. At the time of going to press the new listing was already under offer from the 1st open home. I have numerous buyers looking to buy in the village area within all price ranges, so if you are considering selling please give me a call today.

On page 2, we have a Core-Logic market report on house prices nationally. As you will see in the graph Australian combined regional markets are by far outperforming the combined capital cities and we feel based on current activity this will continue for the near future.

Michael Hurley 0491 012 003 @michaelhurleystonerealestate

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

Housing markets build momentum through the end of 2020, pointing to a strong start to 2021 Australia’s housing market finished the year on a strong footing with CoreLogic’s national home value index rising a further 1.0% in December; the third consecutive month-on month rise following a -2.1% drop in dwelling values between April and September.

Australian home values finished the year 3.0% higher with regional housing values rising by 6.9%, a rate of capital gain that was more than three times higher than the combined capitals, where home values were up 2.0% over the year. CoreLogic’s research director, Tim Lawless, said the year was characterised by a mild COVID dip in values, but unprecedented volatility in the transaction space. “The number of residential property sales plummeted by -40% through March and April but finished the year with almost 8% more sales relative to a year ago as buyer numbers surged through the second half of the year. Despite the volatility, housing values showed remarkable resilience, falling by only -2.1% before rebounding with strength throughout the final quarter of 2020.”

In retrospect, the rebound in housing market activity and dwelling values is unsurprising given the rapid and substantial monetary and fiscal response from the Government and policy makers. “Record low interest rates played a key role in supporting housing market activity, along with a spectacular rise in consumer confidence as COVID-related restrictions were lifted and forecasts for economic conditions turned out to be overly pessimistic. Containing the spread of the virus has been critical to Australia’s economic and housing market resilience,”Mr Lawless said.*

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

*Courtesy of CoreLogic

New listing UNDER OFFER

21 First Street, Millfield - $420,000 - $440,000

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Updated for modern lifestyles Naturally geared toward young families, this updated property is presented for optimal ease of living. Flowing over a single level on a large 612.1sqm block, its interior layout welcomes an abundance of natural light and includes open plan living and four bedrooms, capped off by a huge entertainer's patio, double garage and double carport.

› Single level home, brick-built and located in picturesque Millfield › Open plan living room featuring plantation shutters and split-system a/c › Modern kitchen with electric cooker, freshly presented family bathroom › Four bedrooms, three air-conditioned, two equipped with built-in robes › Fourth bedroom could be used as a living space and has external access › Huge undercover entertaining area, fully fenced front and rear yards › Drive-through double carport to the rear yard and double garage › Quiet street with mountain views just 600m from the primary school › 12km to Cessnock's CBD for shopping, dining and all services Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Current listing UNDER OFFER

64 Davis Street, Millfield - $899,000

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Picture-postcard property with studio Delivering a stunning 3-bedroom home with a free-flowing open plan design plus a selfcontained 2-bedroom studio, this home offers a fabulous two-for-one package on nearly 1-acre of view-swept land. Perfect for multi-generational families, a sound investment or second income stream, it enjoys a first-class location on the picturesque edge of Millfield Village.

› Beautiful Colonial-inspired home complete with rolling mountain views › Constructed of straw bale – it's eco-friendly and provides great insulation › Open design featuring a combustion fire, leadlight windows, French doors › Country kitchen with farmhouse sink, high-spec oven, dishwasher, WIP › Three double bedrooms with built/walk-in robes and 2 with leadlight windows › Chic bathroom with heritage tiles, alfresco verandah with country views › Separate two-bedroom studio, self-contained and with slow combustion fire › Sleek kitchen, Jack and Jill bathroom, and covered alfresco area › Large garden shed and a 9 x 6 metre shed with attached carport › Less than 2km to the local school and just 12km to Cessnock CBD Michael Hurley | 0491 012 003

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

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Just Sold JUST SOLD

26 Rosehill Road, Millfield - $822,500

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Professional and 100% commitment and communication throughout our experience with Michael Hurley - 15 Jan 2021 "Billy and I would like to thank Michael Hurley for his prompt and efficient service. When we first contacted Michael and discussed listing our property (It was listed with a previous agent for approx 4-5 months), Michael swiftly came to our rescue and had our property listed within days. Within the first week we were presented with an offer which we gratefully accepted. The communication between Michael and all parties involved was next level and not once did we feel uninformed or doubtful. His knowledge of the industry and professionalism was impeccable. We would once again like to thank Michael for all of his help in making this a pleasant experience and would highly recommend anybody wishing to sell or purchase a property to contact Michael Hurley from Stone Real Estate Hunter Valley"

JUST SOLD

8a Northcote Avenue, Paxton - $303,000

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Hardest working Agent - 15 Dec 2020 "I have both bought and sold my property through Michael Hurley and wouldn't hesitate to do it again.

He is an amazing agent who went above and beyond in a difficult economic environment and never gave up. His exhaustive efforts are admirable. I am extremely happy with my property outcome and am so grateful for his tips ensuring I got the price I wanted. I look forward to working with him again in the future."

JUST SOLD

46 Olney Street, Ellalong - $410,000

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Dedicated and knowledgeable - 22 Dec 2020 "Micheal was the real estate agent that I originally purchased the property through and I knew with his wealth of knowledge and history relating to the property’s re-sale that I was in good hands.

From the time I spoke with Michael till the time a buyer was found, Michael kept the process effortless and included me in all aspects relating to the sale, this was one of the major reasons I repeated business with him. His professionalism and attention to detail was impeccable."

Just Sold SOLD OFF MARKET

49 Hamilton Street, Ellalong - $580,000

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Such a happy trouble free experience. - 24 Dec 2020 "Michael has guided us through the sale of our house and provided us with a friendly professional service. Michael is a friendly agent who puts his clients first. His knowledge of the area and the market, has given us a fantastic outcome for the sale. Nothing was a problem, and he helped us through every step. Thank you Michael and team, from John and Sue. Merry Christmas."

JUST SOLD

17 Earps Road, Paxton - $385,000

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Excellent result from a top professional - 24 Dec 2020 "Michael sold my property for a great price in less than 4 weeks! His professionalism and great local knowledge exceeded my expectations and I'm sure it contributed to the great result achieved Highly recommended!!"

SOLDOFF MARKET

1 Millfield Road, Millfield - $185,000 Great experience from start to finish - 28 Dec 2020 "We recently sold a block of land with Michael and couldn't be happier with the service got us the price we wanted in great time we have used Michael several times now and couldn't recommend him and his team at Stone realestate enough"

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

Stone's Villages Sales 2020 During 2020 Stone Real Estate sold 35 properties in the Village area with some outstanding results for our vendors. 23 of those properties were sold to buyers who have purchased from out of the local area and we welcome them to our local village lifestyle.

2020'S SALES

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 Thursday 8am - 4pm Friday 8am - 7pm Saturday 8am - 4pm Sunday 8am - 3pm Extended trading hours for dinner on Friday night.

Open till 7pm.

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