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Record Prices? - What is really happening.
In the last few weeks there has been some spectacular sales in our area. Recent stand out prestige sales include:
* 18 East Esplanade, Manly - Renovated 4 bedroom semi facing Manly Cove. SOLD $4,000,000
* 42 Beatty St, Balgowlah Heights - 5 Bedroom, beachfront reserve home. SOLD $5,250,000
* 17 Monash Cr, Clontarf - Older style beachfront. SOLD$5,050,000
* 36 Edgecliff Esplanade, Seaforth - Modern family home. SOLD $4,356,000
There are a large number of buyers looking for trophy homes in all suburbs, with a current grand estate like house in Clontarf St, North Balgowlah expected to sell this week for more than $2,500,000. Lower interest rates, the recovery in confidence in the property market and the rarity of one off homes continues to drive demand. In the general market there is still an overall shortage of properties for sale. This time last year there were 44 properties for sale in Seaforth compared to 27 this weekend available to buyers. This reduced amount of property stock is also helping to keep prices buoyant.
The mid part of the market is still the softest and hence if you are thinking of upgrading your family home now is the best time to move. Let us know if we can help with selling, buying or leasing. Have a great April..
Best Wishes,
Jason Guildea
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REINSW update
Government responds to REINSW concerns over pool compliance
Pool owners across the state will now have more time to ensure swimming pools and spas are compliant prior to the sale or lease of their property after the Real Estate Institute of New South Wales voiced its concerns earlier this year.
The NSW Office of Local Government announced late today (28 March 2014) that the provisions requiring a property with a swimming pool to have a certificate of compliance before it is sold or leased will now commence on 29 April 2015.
“Real estate industry representatives want more time to ensure properties with a pool are compliant before selling or leasing,” Ross Woodward, Chief Executive of the Office of Local Government, said in a statement.
“Council officer feedback indicates that high inspection failure rates mean that it is not uncommon for it to take three months from first inspection to the issuing of a compliance certificate.”
REINSW CEO Tim McKibbin said it was evident that the number of existing qualified inspectors was inadequate to respond to market demand and therefore the decision to extend the transition period is appropriate.
“Earlier this year we sought a deferral from the Minister in order to avoid adverse consequences for the sale and leasing of properties captured by the legislation.
“With some 300,000 pools and spas across the state, REINSW suggested that some transitional procedures be implemented as part of the commencement of the obligation,” Mr McKibbin said.
“REINSW is satisfied that the additional time will allow the smooth implementation of the new procedures.
“The extension is a successful outcome for all,” Mr McKibbin said.
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25 Waterview Street SEAFORTH |
Sat 5th April |
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This fabulously presented home is sure to impress you. With beautifully polished timber floors, stylish fixtures and finishes and a massive 780m2 block backing onto Bligh Park Reserve. Offered for the first time offer in 42 years it has been recently renovated and features a versatile layout with ample space for both private relaxation and family togetherness. |
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90 Cutler Road CLONTARF |
Offers invited |
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Coming Soon - Auction March 2014 |
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This stunning home sits in a prime elevated position on Cutler Road and offers expansive 180 degree views of Middle Harbour. The never-to-be-built-out vista looks across to Chinaman's Beach and Balmoral, and encompasses all four headlands. Perfectly located across the road from the Manly to Spit walk and half way between Castle Rock and Clontarf Beaches, the home has been designed for entertaining. |
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Super Townhouse in a block of 2. Full brick construction, stylishly finished, bright and sunny and a with private back garden. To register your interest please contact
Cassandra Campbell on 0410523111 or email office @guildea.com.au |
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Unique Family Home in Blue Ribbon Location |
2 Gertrude Street BALGOWLAH HEIGHTS |
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Positioned in a quiet culdesac, stands this deceptively spacious family home. Set out over three levels with dual street access, the home enjoys year round sunshine & spectacular harbour views. Features include:
* Good sized bedrooms with built in robes, main with walk in robe * Sparkling ensuites and main bathrooms * Modern gas kitchen with dishwasher * Office/study room as well as separate Media Room * Spacious separate lounge & dining with Bose surround sound system * Polished floorboards * Level rear yard, bathed in sunshine * Private front courtyard * Separate self-contained studio with own private entrance * Reverse cycle air-conditioning * Gas heating * Over sized lock up garage /storage with internal access
A short stroll to Balgowlah Heights Shopping Village, local schools, transport & just minutes to the delights of Manly or Harbour Beaches, this is effortless family living set in sophisticated style! |
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Beautifully presented top floor two bedroom unit - furnished/unfurnished |
4/1 Pitt Street BALGOWLAH |
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This bright and sunny two bedroom apartment has all that you could ask for. Two double sized bedrooms with built-in robes, modern kitchen & bathroom including separate toilet, balcony with leafy outlook and a single car space. |
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Sunny Ground Floor Apartment |
3/9 Rickard Street BALGOWLAH |
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Conveniently situated in the highly sought after suburb of Balgowlah, this neatly presented apartment is well positioned to take advantage of low maintenance living which is just a short stroll from Stockland Village shopping complex, harbour walks and CBD transport. |
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Perfect Family Home |
43 Wakehurst Parkway SEAFORTH |
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Conveniently situated in the highly sought after suburb of Seaforth, this neatly presented recently renovated single level home is well positioned to take advantage of low maintenance and supreme convenience living. |
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