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MARKET FORECAST EASTER 2014
Happy Easter,
The realestate sales market has been going flat out over the last 3 months, however over the last 4 weeks we have seen Sydney wide Auction clearance rates drop from 87% to 76% last weekend. On Monday night at the Cooley auction Centre in Double Bay only half of the properties for auction sold. ( see attached article). My thoughts are that in recent weeks, buyers have become a bit jaded as quoted sales prices for auction sales are going for 10% to 15% more than expected. They are frustrated at missing out and spending money looking at contracts with their solicitors, and having building inspections. So now they are sitting on their hands more and waiting.
There is still a massive shortage of properties for sale, especially for investment type properties. Seaforth has less than 20 properties for sale at present compared to at around 44 this time last year. I feel that after the school holidays and everyone, (especially buyers) has had a break, the market will continue to race along and over the next 6 months the strength in the lower part of the market will move up to the prestige part as well. If you have been thinking about selling or upgrading your current property now is a great time to talk to our team.
Have a great Easter
Jason Guildea
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It's official! Kate and Wills will be visiting beautiful Manly on the 18th of April, Easter Good Friday.
This will mark the first visit to Manly from Prince William, his wife Kate Middleton and 7-month-old baby George. The Royal tour will include a visit to Bear Cottage Hospice Manly and a surf life saving demonstration on Manly Beach.The Duke and Duchess of Cambridge will be in Australia from April 16 to April 25, which includes; a reception at the Sydney Opera House, a visit to victims of the Blue Mountains bushfires, Easter Sunday church service at St. Andrew’s Cathedral in Sydney, attendance at the Royal Easter Show, and ANZAC Day at the Australian War Memorial.
Click here for more information
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Home values are up across the nation, with low interest rates kicking investors and up-graders into action.
Figures from RP Data show capital city home values are now sitting at record highs, rocketing 15.6% in Sydney and 11.6% in Melbourne in the year to March. RP Data figures show Sydney home values are 15.8% higher than their previous peak. In Melbourne they are 4.7% above their peak, while in Perth they figure is 2.9% and in Canberra it’s 1.2%. And while that’s great news for anyone looking to put their house on the market, it’s not so good for those wanting to buy – yet. “Sellers are the major benefactors of the current housing conditions,” says RP Data Senior Research Analyst Cameron Kusher. “The market is currently experiencing conditions whereby the number of properties available for sale is lower than a year ago, vendor discounting has improved and properties are typically selling in a relatively short period of time.”
Click here for more information
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Boom threatens the great Australian dream of a home,
Home ownership across the whole population has slipped over the past two decades - to 67 per cent in 2011 from 70 per cent in 1991 - and the representation of first home buyers in the Australian housing market has also been falling. As of January, first home buyers accounted for just 10 per cent of the housing market, less than half of the 24 per cent they represented in October 2009, figures by research company BIS Shrapnel show.
Click here for more information
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| 90 Cutler Road CLONTARF |
Offers invited |
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| Coming Soon - Auction May 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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| 15 Moore Street CLONTARF |
$1050 per week |
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| Breathtaking Water Views in Premier Location |
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Known as one of the most coveted and prestigious streets in Clontarf. This neat and tidy 1960's two level brick home offers stunning panoramic Middle Harbour views. The home offers rare level street access to the home and from the garage.
Features include:
Large open living room and dining area that emphasizes the views and sunlight of the property. |
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| 12 Moore Street CLONTARF |
$1450 per week |
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| Location Location Location! |
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Be prepared to want to move straight in! This recently refurbished home in the exclusive suburb of Clontarf will be sure to appeal. Features include:
* Four good sized bedrooms, all with built-ins and second balcony access
* Main bed with ensuite, walk in robe
* Spacious living and dining with separate study nook
* Brand new gas, eat in kitchen with dishwasher
* Sparkling new bathroom, separate toilet
* Internal Laundry with loads of storage
* Amazing Harbour & City views from the sun-drenched balcony
* Rear level yard
* Double undercover carport with internal access
* Downstairs storage room, studio/retreat or playroom! |
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| 1/49 Jackson Street BALGOWLAH |
$1150 per week |
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| Lower Duplex- Spacious Haven |
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This expansive Lower Duplex Residence establishes a spectacular living environment by combining flowing light infused interiors and a private terrace that leads out to as grassed area to provide the ultimate entertainers' haven in an exclusive position. |
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| 2/49 Jackson Street BALGOWLAH |
$1150 per week |
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| Upper Duplex- Private Stylish Oasis |
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This expansive Upper Duplex Residence establishes a spectacular living environment by combining flowing light infused interiors and a private terrace to provide the ultimate entertainers' haven in an exclusive position.
This effortless and low maintenance home provides so many extras and exceptional finishes including polished timber floors, bi-fold doors leading out the undercover terrace, Stainless steel appliances, heated towel rails, and high ceilings. |
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| 26B Ronald Avenue NARRAWEENA |
$960 per week |
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| Entertainers Delight 3 Bedroom Family Home- Lower Duplex |
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Conveniently situated in the highly sought after suburb of Narraweena, this open plan lower duplex is well positioned to take advantage of low maintenance and supreme convenience living. This wonderful 3 bedroom home is only a short stroll from transport, shops and Narraweena schools. |
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| 502/54A West Esplanade MANLY |
$950 per week |
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| Fantastic Two Bedroom Apartment - Grande Esplanade |
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This well presented 2 bedroom apartment is situated in one of the most sought after buildings in Manly. Opposite the harbour beach and wharf, and with Manly Corso only a short stroll, this Grand Esplanade apartment is tailored made for the executive couple. |
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| 14/75 Evans Street FRESHWATER |
$720 per week |
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| Spectacular 180 Degree Ocean & Beach Views |
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Encapsulated by a 180 degree ocean, beach and urban views stretching from Manly, North Head and across to North Curl Curl, this elevated apartment holds a premier Freshwater Beach position within a tightly held block.
Features include:
* Effortless outdoor flow from living to an ocean view wrap around balcony
* Brand new carpet and freshly painted throughout
* Two good sized bedrooms with free standing wardrobes in both bedrooms and a ceiling fan
* Tidy kitchen with plenty of cupboard space
* Well maintained bathroom with separate shower and bath
* Internal laundry with shelve space
* Single lock up garage & direct access to Freshwater Beach
Located just a short walk to Freshwater village's restaurant and wine bar scene, as well as local and CBD buses this apartment is will not last. |
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