Michael Hurley 22nd

Stone Property News.

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

JUST LISTED & SOLD IN 8 DAYS

655 Swans Lane, Quorrobolong Welcome to the 22nd edition of Stone Property News Village Edition. Well our property market reacts in the strangest way when a lockdown occurs. Last years lockdown created a real sense of urgency from buyers to buy property and with this lockdown that urgency is even stronger. As a result properties are selling within the first few days on the market at prices above the advertised price ranges in most cases.

Our village area continues to be a desired location for Sydney and Central Coast buyers with some outstanding recent sales in the area brought about by strong buyer competition. As a result we have a large number of buyers in all price brackets still looking for a home. As seen on page 2 this buyer frenzy is indeed Australia wide with only Darwin dipping last month after recording some outstanding price increases earlier in the year. If you are considering selling or just curious as to the new value of your home please contact me for an obligation free appraisal.

Coming soon:

› 4 bed, 2 bath, 2 car modern brick home on a 607 sqm block in Ellalong, $570,000 - $580,000 › Near level 1,011 sqm vacant corner block in Paxton, $280,000 Contact me today for more information on these upcoming properties.

Michael Hurley 0491 012 003 @michaelhurleystonerealestate

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

Market report.

Australian housing boom continues to lose steam as national home values rise another 1.5% in August Australian housing values continued to record a broadbased rise despite the disruption from lockdowns. According to CoreLogic’s national home value index, dwelling values rose 1.5% in August; a rate of growth that is still well above average, but the lowest monthly rise since January.

The lift in housing values continues to be broad-based, with every capital city, apart from Darwin (-0.1%) recording a rise in values throughout the month, although it is important to note CoreLogic has withheld the Perth and Regional WA index results pending the resolution of a divergence from other housing market measurements in WA. The August home value index provides further confirmation that the rate of price growth is moderating after moving through a peak in March of this year. At that time, national home values had risen 2.8% in a month, led by Sydney where dwelling values were up 3.7%. According to CoreLogic's research director, Tim Lawless, the slowing rate of growth probably has more to do with worsening affordability constraints than ongoing lockdowns.

“Housing prices have risen almost 11 times faster than wages growth over the past year, creating a more significant barrier to entry for those who don’t yet own a home. Lockdowns are having a clear impact on consumer sentiment, however to date the restrictions have resulted in falling advertised listings and, to a lesser extent, fewer home sales, with less impact on price growth momentum. It’s likely the ongoing shortage of properties available for purchase is central to the upwards pressure on housing values.” The August update takes Australian housing values 15.8% higher over the first eight months of the year and 18.4% above levels a year ago. In dollar terms, the annual increase in national dwelling values equates to approximately $103,400, or $1,990 per week. In comparison, Australian wages are rising at the average annual rate of 1.7%

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

*courtesy of rpdata corelogic

Just Listed.

JUST SOLD IN 8 DAYS

655 Swans Lane, Quorrobolong

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Rural charm meets contemporary comfort on 40 hectares With its captivating rural backdrop, this sprawling 40-hectare property perfectly encapsulates tranquil country living, just 25 minutes from Cessnock. Blending contemporary comfort with rustic charm, its welcoming homestead with wraparound verandah and saltwater pool is just as appealing as its outdoor expanse, complete with paddocks, horse shelter, dams and a seasonal creek.

› Open-plan living space with fireplace; ducted A/C throughout › Up-to-date kitchen with pantry, gas stove, timber benches & farmhouse sink › Four bedrooms all with built-in robes; ensuite to master › 4 car garage with workshop, storage space and attached double carport › 4 paddocks, approx. 50% cleared for pasture, horse shelter, fruit trees › 5 dams, old stock yards & loading race, 5 strand barb wire around property › Solar hot water system, 5 water tanks, septic system & 12 solar panels › 30 mins to Hunter Valley, 45 mins to Lake Macquarie, 1 hour to Newcastle Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

Just Sold JUST SOLD

48 Adelaide Street, Paxton - $580,000

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Michael A True Professional - 01 Sep 2021 "Michael is straight forward, treats both seller and buyers with honest straight advice and opinions for a successful out come. Can not speak Highly enough about him, treats every one as a real person not just another number. AAA+" - Laurence and Sharyn (Vendor)

JUST SOLD

16 Sawyer Street, Ellalong - $578,000

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Easy, friendly and helpful - 04 Aug 2021 "Sold my place prior to listing, happy with our results. Michael is readily available whenever we needed to speak with him and was polite and professional at all times." - Rachel (Vendor) Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

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Just Sold JUST SOLD

16 First Street, Millfield - $500,000

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Choose Michael Hurley if you are serious about selling - 25 Aug 2021 "Michael is the best agent in the world. Hands down. He sold my cute little home for a crazy price in the middle of very harsh restrictions, and he did it with such grace and candour. His understanding and intuitive reach within the ever rapidly changing market is special to witness. Above all else Michael is a kind man. A genuine human being who was always so gentle and caring with my dogs every time he had an inspection.

It was at least 5 years ago that I first saw one of Michael's brochures and felt that if I ever sold he should be the person to lead the charge. I made an excellent choice, and I strongly urge you to choose a I did. Having traveled a lot throughout my life and lived in 92 homes to date, all the moves and buying and selling, I stand by my word that this has been the most pleasant and painless experience yet during a very trying moment in recent history.

Thank you Michael. We are so deeply grateful to you. My father, my partner, my horses and the little fur kids. Our new life is going to be easier because of you. Michael, if you ever want a piece of fine art - it's on me." Sincerely, Jo S. Stacey (Vendor)

JUST SOLD

29 Alexander Street, Ellalong - $570,000.

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Amazing, we thank you so much. - 21 Aug 2021 "We are so happy with the professionalism shown Michael. Are house sold much faster than we anticipated and we were kept informed throughout the process which was seamless. We couldn’t rate Michael more highly!" - Rob and Sian (Vendor) Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

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Just sold.

JUST SOLD

36 Alexander Street, Ellalong - $520,000

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Superior Agent - 30 Jul 2021 "Michael has exceeded our expectations and sold our investment property in record time. With great communication he kept us in the loop and achieved a great sale price. His marketing campaign was of the highest quality. Michael is friendly and very professional with an in-depth knowledge of Ellalong Michael and his team from Stone are the only choice for selling properties in this area." - Brian & Leonie (vendor)

JUST SOLD

33 John Street, Ellalong - $690,000

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Selling your home with Stone Real Estate is a good experience Michael Hurley goes the extra mile to - 27 Jul 2021 "Selling my home was a good experience as Michael is very knowledgeable and is a local bloke from the area. He always turned up with a smile on his face and made the process very easy for me I recommend Michael to anybody buying or selling a home.

Thanks Michael and your team" - Dean (Vendor) Michael Hurley | 0491 012 003 Stone Hunter Valley 1A Cooper Street, Cessnock stonerealestate.com.au

JUST SOLD

32 Congewai Road, Paxton - $610,000

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Michael is professional, knowledgeable, friendly and helpful. - 15 Jul 2021 "We chose Michael as our agent due to his extensive knowledge of the area. However we got so much more. He was always professional and friendly while giving us sound advice regarding price, time frames and house presentation. He was quick to show people through and gave us feedback on their comments. The house sold in less than a week after it was on the market. Michael always made us feel confident and gave us more than we expected." - Gregory & Daphne (Vendor)

JUST SOLD

82 Davis Street, Millfield - $930,000

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Friendly, Professional, Knowledgeable and Easy to Deal With - 21 Jul 2021 "Your relentless pursuit of achieving a better than expected sale price was second-tonone. Your professionalism in dealing with prospective buyers, the additional opens for inspections and most importantly the success of securing the final price were all above and beyond my expectations of an agent. I have told all of my friends about the outstanding service you provided me with and nothing was a problem for you to deal with. You always kept me informed after every inspection. You certainly know your craft. Good Job, thank you Michael" - Jacqueline (Vendor)

JUST SOLD

51 Rosehill Road, Millfield - $1,250,000

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Professional, experienced sales person - 03 Jul 2021 "Michael sold my home off market in a very short amount of time.

His knowledge of the area and price guide were spot on and he achieved the best outcome for myself. Each time Micheal showed potential buyers through my home he was always considerate and could answer any questions the potential buyer had about the property. Michael made selling my home a very smooth transaction and is now helping me to purchase a new home. Should I sell again Michael will be the first person I see." - Rachel (Vendor)

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