Stone Real Estate Beecroft - EOFY Report 2020

Stone Real Estate Beecroft Financial Year Report 2019/2020

Stone Real Estate Beecroft Corner of Beecroft Road and Hannah Street Shop TG 1-6, 18 Hannah Street, Beecroft 8866 1500 | stonebeecroft.com.au

Kevin Dearlove.

Kevin Dearlove | 0403 338 302

Principal/LREA kevindearlove@stonerealestate.com.au

‘Your Beecroft and Cheltenham specialist.’

2020 has been a year none of us will ever forget. Dealing with the many unique challenges caused by the ever changing landscape of the COVID pandemic has been a day to day prospect for the Leadership Team here at Stone Real Estate Beecroft.

That said we are very proud to have been able to keep every member of our staff fully employed during the COVID restrictions including the fifteen members of the 2119 postcode community. We live and shop local and that too makes us proud.

In these turbulent times, I would describe the Beecroft/Cheltenham property market as ‘resilient’. Sales of homes have declined somewhat as families put down roots and stay for a longer period, nevertheless there is still significant demand from families to take advantage of the excellent schools in the area and also the attraction of the village atmosphere of Beecroft and Cheltenham. The M2 and rail transport links are also seen as important factors for buyers. It is interesting how many buyers, and also residents, comment on the variety of cafes and restaurants in our suburbs.

Any market projections are notoriously difficult, and even more so in these uncertain times, but I would expect property sales to marginally continue to decline in the next six months. The ongoing desirability of living in Beecroft and Cheltenham amongst buyers should underpin house prices for the next six to nine months.

From each of us at Stone Real Estate in Beecroft, we wish you a safe latter half of the year and if we can assist with any real estate matters please contact any member of the sales or leasing team on 8866 1500 or pop into our office on the corner of Hannah Street and Beecroft Road.

Top Ten Beecroft Sales FY19/20.

BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT BEECROFT

Houses Units

99 Copeland Road 3 Oaklands Avenue 155D Copeland Road 21 Murray Road 170 Copeland Road 31 Boronia Avenue 2/6 Malton Road 28 Hannah Street 10 Seale Close 5 Rorke Street

Number sold 102 32

$3,700,000 $3,553,000 $3,400,000 $3,000,000 $2,800,000 $2,675,000 $2,600,000 $2,600,000 $2,552,000 $2,550,000

09/03/20 09/11/19 20/09/19 29/09/19 27/02/20 20/02/20 18/10/19 12/10/19 07/12/19 24/07/19

Median price $1,755,000 $800,000

Top Ten Cheltenham Sales FY19/20.

CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM CHELTENHAM

Houses Units

17A Cheltenham Road 30 Boronia Avenue 20 Chorley Avenue 5 Robecq Avenue 30 Day Road 19 Kethel Road 50 Kethel Road 10/186 Beecroft Road 35 Day Road 225A Beecroft Road

Number sold 9 1

$3,310,000 $2,190,000 $2,096,000 $1,850,000 $1,645,000 $1,610,000 $1,420,000 $1,350,000 $1,330,000 $1,320,000

16/11/19 29/02/20 23/03/20 21/04/20 24/03/20 07/03/20 16/05/20 13/03/20 29/10/20 30/01/20

Median price $1,850,000

Source: Pricefinder & RP Data

Stone Success | Most Recent Sales FY19/20.

MARSFIELD BEECROFT NORTH ROCKS EPPING DUNDAS BEECROFT WEST PENNANT HILLS BEECROFT CHELTENHAM CHERRYBROOK

24/209 Waterloo Road 46 Lamorna Avenue 22 McDonald Street 6/24A Kent Street 5 Ronald Avenue 2 Karril Avenue 37 Stanton Drive 189 Murray Farm Road 50 Kethel Road 17 Greenoaks Avenue

$610,000 $1,997,000 $1,730,000 $740,000 $1,355,000 Confidential $1,700,000 $1,408,000 $1,420,000 $1,390,000

20/06/20 20/06/20 19/06/20 13/06/20 12/06/20 12/06/20 10/06/20 23/05/20 16/05/20 09/05/20

TOP SALE PRICE BEECROFT

99-99A Copeland Road

$3,700,000

09/03/20

Property Management Team.

Eliza Zammit | 9634 1111

Penny Yates | 0432 619 284

Ashleigh Toole | 9634 1111

Sarah Hastings | 0432 193 692

Senior Property Manager & New Client Consultant/LREA elizazammit@stonerealestate.com.au

Property Manager/Assistant Agent ashleightoole@stonerealestate.com.au

Property Manager/Assistant Agent pennyyates@stonerealestate.com.au

Leasing Executive/Assistant Agent sarahhastings@stonerealestate.com.au

Property Management Statistics.

BEECROFT Average rental return in last 12 months Houses $743 per week Units $530 per week

Properties leased in last 12 months Houses 106 Units 44

CHELTENHAM Average rental return in last 12 months Houses $708 per week Units

Properties leased in last 12 months Houses 24 Units 1

The market High quality schooling, transport and access to arterial roads continues to be the driver for tenants moving into Beecroft and Cheltenham. Houses continue to perform as families often ‘test’ an area before they buy. We are also seeing strong demand for expats from professional couples.

Source: Pricefinder & RP Data

Client Testimonials.

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41 Hannah Street, Beecroft - Peter and Carolyn We originally bought our house from Kevin, 8 years ago, we were impressed by his professionalism and handling of the sale, so had no hesitation, now that he is the Principal of his own Agency, to enlist his services again to sell our property. The time we listed our house fell into the Covid19 pandemic lockdown, which made the situation very untested, Kevin and his agency Stone, came up with the best platforms to adapt to the safety requirements needed for the sale of our house. He kept us well informed and we were happy with the outcome. We would highly recommend Kevin and his team.

99-99A Copeland Road, Beecroft - Nicholson Family Kevin Dearlove arranged the sale of our family home in Beecroft. It presented a number of challenges due to the property’s size, age, condition and potential for further development. We had discussions with Kevin over a long period prior to formally placing the property on the market. Kevin showed a comprehensive knowledge of market conditions and other issues affecting our sale. The formal sales process proceeded well with a good result. I have no hesitation in recommending Kevin Dearlove.

50 Kethel Road, Cheltenham – Rosemary We used Chloe to lease, let and sell a house for us and it’s been a great experience.

Chloe is extremely professional, diligent, friendly and has a wealth of knowledge on the local market. She has been a pleasure to work with in all circumstances.

19 York Street, Beecroft - Ceeslan Extremely professional and 10/10 for Jeff Luo as our agent. Jeff has exceeded our expectation as our agent for selling our house in Beecroft. We are new in the selling market and my parents do not speak English, Jeff patiently explained the selling process to me as well as my folks in mandarin, to make sure all of us are on the same page. Technically, Jeff has a good understanding of the local market and he knows the local sales history by heart - he was able to help suggest price for us with accuracy. Overall, based on our experience, Jeff Luo is trustworthy, capable and he will go above and beyond to get the job done, we are happy to recommend him to anyone. Thank you Jeff!!

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