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Transcript of Oxford Newsletter
1
VOL.II THIRD QUARTER 2014
RESIDENTIAL • COMMERCIAL • PROJECT MARKETING • HOTELS
OUR NEW OFFICE DESIGNED BY WILLIAM SMARTOXFORD CELEBRATES THEIR BIGGEST MONTH EVER
IN THIS ISSUE
2
WELCOME TO THE NEW ISSUE OFOXFORD NEWSCREATIVITY, QUALITY, INGENUITY AND PASSION IN SERVICE ARE FUNDAMENTAL TO OUR GROWTH AND SUCCESS AT OXFORD.
JUNE 2014
To preface this introduction, I would like to acknowledge
the wonderful work of our friend and colleague, Adam
Spencer Carr. It is with great regret that I advise the sad
news of Adam’s sudden passing. Adam came on board
at Oxford as a partner in early 2013 and was strategically
growing our hotels arm of the business. His passing
was a shock to many and Adam was a guy who truly
loved what he did and was very well respected within
the industry. We remember him fondly and offer our
condolences to all of his friends and family.
Welcome to our latest edition of Oxford News. Already
there have been some great highs in 2014, with the
Oxford Group closing in excess of $85,000,000 worth
of transactions for the month of April alone! So far it is
proving to be a great year for real estate and we are
excited to see what else lies in store.
Designed and produced by madeagency.com2
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
Managing Director
Oxford Agency
We are very pleased to announce the following new
staff members, who have recently joined our team at
Oxford: Shane Blackett, Michael Vranic, Ralph Garofano,
Kristian Morris, Emma Brown-Garrett, Pieter Engelbrecht,
David Dahdah and Glen Fitzgerald. They look forward to
assisting you in all your property needs.
Michael Marano
3
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
ABOUT OXFORD
W ith the official cash rate at 2.5% and with no
compelling reasons to lift or decrease it for the past
8 months we have seen a surge in auction clearance rates
and the overall property market. We had an auction in Surry
Hills a few weeks back with over 250 enquiries and property
achieving $300,000 over reserve. Our current clearance
rate at auction is over 82% since July 2013.
We have started to see the strength in the housing market
spilling into the commercial property sector and property
owners now looking to test the market and extract a return
for their long held investments. With more and more Chinese
buyers entering the market the demand for property in
Sydney is at an all time high. We have had some great
recent success with some of our larger transactions above
$8,000,000 being sold to Chinese developers and investors.
We are seeing a huge demand for food base retailing in
Sydney’s prime high st retail destinations such as Crown
St Surry Hills, Queen St Woollahra & Military Road Mosman
where vacancies remain low. We are seeing a huge amount
of enquiry for the new Casba development being undertaken
by Cornerstone on Danks St. With the likes of Fourth Village,
Luke Mangan moving onto the strip and Parterre from
Woollahra committing to a new flagship store retailers are
keen to secure a position on South Sydneys High St.
Our Project Marketing division headed up by Stefan and
Anson have had tremendous success with our current
projects in Ryde, Balmain, Gladesville and Wollongong with
record results being achieved and many more projects due
to come online. With close to $100,000,000 in sales from
January to April 2014 and over 12,000sqm of space leased it
has been a busy four months for all of us at Oxford. If you are
looking for advice with your property requirements be sure to
give one our specialists a call to discuss in confidence.
Always at the forefront of performance and
technology, we are one of the fastest-growing
private real estate firms in Sydney. We are not only
committed to providing extraordinary service and
exceptional results but also to remaining years ahead of
the curve.
With exposure to residential, commercial, project
marketing, hotels and asset management we can provide
an unprecedented, vertical, full spectrum approach to
every aspect of real estate.
From concept to completion, we are there to navigate
you through every step of conceptualising, creating,
and off-loading any real estate adventure. Creativity,
ingenuity, quality and passion in service and craft are the
fundamentals to our success and growth. This year we
celebrate our 65th birthday.
A BRIEF OVERVIEW OF THE CURRENT MARKET AS OF JUNE 2014 BY OXFORD
THE CURRENT MARKET STEFFAN IPPOLITO & MARC MARANO
3
OXFORD OFFICES,
SURRY HILLS
A LOOK INSIDE OXFORD’S NEW OFFICES
OXFORD OFFICES
Oxford Agency has formed no opinion as to the truth or falsify the information nor otherwise verified such information. No warranty can be given and interested parties must therefore rely on their own inquiries.
4
Oxford’s bright star, Sally Anne McQuillan provides you with
her expert tips and tools for leasing your property. Taking the
guesswork out of what may seem a daunting task, McQuillan
stresses the importance of presentation, communication and
a proactive attitude.
When it comes to leasing your property, it pays to be
proactive rather than reactive; don’t wait until the lease
expires before you start negotiations. Instead, start the
process early so you can gauge and plan for your next steps.
I recommend making contact with your tenant 12 months
out from the lease expiry, but at a minimum, I would not
recommend leaving it less than 6 months. During this time
you should plan to have preliminary conversations with your
tenant to discuss a renewal for a further term or if they need
to expand or contract their lease area.
IT PAYS TO BE PROACTIVE RATHER THAN REACTIVE
KEY STEPS TO LEASING PROPERTY SALLY-ANNE MCQUILLAN
4
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
It is also important to ensure that, when vacating,
your tenant undertakes a proper make good that is in
accordance with the lease. I would recommend that all
landlords read the clause that relates to ‘make good’ in the
lease so you can be aware of what needs to happen. For
example, removal of fixtures, carpet replacement and a
general repaint are all standard procedure and can help to
make your job a lot easier when it comes to securing a new
tenant for your property.
If your tenant is relocating, you should engage a good leasing
agent who is proactive with leasing. At Oxford Real Estate, we
are firm believers that presentation is everything and I would
recommend showcasing the property at its very best. In order
to achieve results, it is important to take the time to ensure
that your property will present to its highest possible standard.
There are several steps you can take that will ensure your
property presents well. At Oxford, some of the steps that
have proven to be effective include:
• Professional photos
• Elite listings on all major portals
• Signage
• Lease expiry diaries
• Database E blasts
• Direct calling
• Client meetings to discuss progress & feedback
• Market knowledge of the area
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
5
PROPERTIESFOR SALEOXFORD COMMERCIAL
COMMERCIAL PROPERTY RESIDENTIAL COMMERCIAL PROJECT MARKETING HOTELS
5
Introducing An Emporium Of Homewares, Restaurants And Courtyard Dining. The New Home of Winnings & Parterre with 85 Dedicated Basement Car Parks.
ENQUIRE NOW
STEFFAN IPPOLITO 0403 347 111
A New Retail Heartbeat For Danks Street
6
PROPERTIESFOR LEASEOXFORD COMMERCIAL
6
140 MYRTLE ST, CHIPPENDALE
114 LONGUEVILLE RD, LANE COVE
79 COMMONWEALTH SURRY HILLS
11A PYRMONT BRIDGE RD, PYRMONT
231 COMMONWEALTH SURRY HILLS
285A CROWN ST, SURRY HILLS 21/37 NICHOLSON STREET, BALMAIN
33 BAYSWATER RD, POTS POINT
Newly refurbished open plan whole floor$240,750 P.A + GST
Located in the heart of Lane Cove$118,000 P.A + GST
Frontage onto Pyrmont Bridge Road$96,000 P.A + GST
Prime Crown Street location$115,000 P.A + GST
Delightful office on the Balmain peninsula $45,000 P.A + GST
Last showroom/office + mezzanine$85,085 P.A. + GST
SENSATIONAL WAREHOUSE BUILDING
Renovation designed by M. Mccann$180,000 P.A. + GST
467 SQM UNRIVALLED OPPORTUNITY IN THE HEART OF SURRY HILLS
OPEN PLAN CREATIVE OFFICEHIGH PROFILE SURRY HILLS LOCATION RESTAURANT WITH KITCHEN FITOUTHIGH TRAFFIC RETAIL
THE FRINGE’S BEST OFFICE NEW DEVELOPMENT IN SURRY HILLS
Whole floor raw warehouse tenancies$60,000 P.A. + GST
GREAT RETAIL/RESTAURANT OPPORTUNITY
• Premium 3 storey building with prominent street frontage & laneway access
• Approved as restaurant and bar - PSA in place - 120 patrons approx.
• Operates under midnight liquor license 7 days.
• Creative building with phenomenal location.
• Neighboring the Winery, Chow Bar, Pieno Cafe, Parma and other established venues.
Existing commercial kitchen equipment, grease trap, ventilation, ready to go!Do not miss this superb opportunity.
$250,000 per annum Gross + GST
Steffan Ippolito Sally-Anne McQuillan0403 347 111 0400 203 203
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
7
OXFORDAGENCY.COM.AU
EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA
7
This property represents a rare opportunity for high exposure commercial advantage in Leichardt. With prime frontage to Norton St, this is a unique offer and one that will not last.
Once in a lifetime opportunity to secure a prime space in the heart of Norton St.
33 FOSTER STREET, SURRY HILLS 189 SQM
100-338 SQM
75 WENTWORTH AVENUE, SURRY HILLS
• Existing executive style fit out and top quality finishes
• Positioned in the best part of Surry Hills
• Closely connected to Central Station
• Will suit most kinds of businesses
SENSATIONAL SURRY HILLS WAREHOUSE
• Ideal café, restaurant, bar
• Captive audience: 114 new hotel rooms
• Excellent exposure to the public: Minutes from Central
• Recently refurbished: Iconic heritage building with a modern touch
MAXIMUM RETAIL EXPOSURE
30-275 SQM
PRIME RESTAURANT SPACE AND 8 SCREEN PALACE CINEMA
Steffan Ippolito Ralph Garofano0403 347 111 0413 008 080
• Grease Trap & Exhaust in place
• Huge frontage & high ceilings throughout
• Immediate availability
• High volume of passing traffic
• Access to parking available
8
In fact, many suggest its nadir was a year
ago. Of the 253 shops, businesses and
restaurants counted in the Paddington
stretch, over 18 per cent are for lease, empty
or closing down. In May last year, the figure
was reportedly more than 25 per cent.
CLEAR VISION VITAL TO REJUVENATE STRIP
8
In a way, Oxford Street’s been a victim of its own success,”
says Clive Faro, author of Street Seen: A History of Oxford
Street. “The people who own the buildings are not the
people who live there.”
Like many who live on Oxford Street, which stretches from
Hyde Park to Bondi Junction, Faro has watched the street’s
dynamic change from one of upbeat experimentation
and blase commerce to a strip characterised by humility.
Shoppers and tenants have moved on and, today, some
landlords are said to be accept- ing 30 per cent of what they
commanded in 2008.
Perhaps if they lived there, as Faro suggests, things might
be different.
Snaking through three councils, the City of Sydney,
Woollahra and Waverley, the road’s middle portion is split
between Woollahra to the north and Sydney to the south.
Stakeholders are as diverse as its history, from the army
to the Greek Orthodox community, former James Packer
business partner and commercial landlord Theo Onisforou
to the mega-pubs. Only adding complexity are heritage
architecture, schools, churches, courts of law, parks and
heavily used traffic and parking lanes with competing prior-
ities from the Roads and Maritime Services, NSW Transport
and local councils. This singular nature, means, of course,
that consistency has never been its strong point.
Michelle Cooke, from fashion label Billion Dollar Babes,
remembers the hedonism, promise and thrill of the 1980s
and ’90s, the days of retailers Mark Keighery and Michael
Bracewell, the fashion-incubating Paddington Markets and
Saturday afternoon crowds from the Paddo Inn spilling onto
bustling pavements.“It felt like Miami,’’ she laughs. ‘‘It was
people-watching in the sun- shine. . . . It used to be hip, now
it’s full of investment bankers.’’
As demographics around Oxford Street’s spine shifted,
its retail dominance began to unravel. The perfect storm
of the financial crisis, clearway traffic, Ausgrid roadworks,
competition from Westfield, the strong dollar, lack of mixed
retail, sophisticated online shopping and a failure of landlords
to react to the changes unfolding before them produced a
storm cloud that settled from Darlinghurst to Oxford Street
Mall, scattering a fine drizzle on some areas and epically
pouring down on others.
Eighty-nine shopfronts from Oxford Street’s beginning to end
are closed, empty, for lease or closing soon. While numbers
change almost daily, of those, 29 are in the City of Sydney, 41
are in Woollahra and 19 are in Waverley. While few buildings
are for sale and thus shielded from plunges in asset values,
Steffan Ippolito of Oxford Real Estate sold 30-36 Oxford
Street in February to an eastern suburbs investor for $4
million. ‘‘His theory was that the strip can’t get any worse
than it is at the moment,’’ the agent, whose name frequents
boards along the strip, said of the buyer.
In fact, many suggest its nadir was about a year ago. Of
the 253 shops, businesses and restaurants counted in the
Paddington stretch, just over 18 per cent are for lease, empty
or closing down. In May last year, the figure was reportedly
more than 25 per cent. Ippolito watched on as landlords
reacted slowly to the realisation that pots of gold from
tenants had reached an unsustainable peak. It was not until
2010 that rents started to come back, and by 2012, rents
had been cut by 30 to 50 per cent.
Some landlords are simply refusing to budge on price on the
correct basis that property values are entirely dependent on
the rents those buildings command.
One convenience store in Bondi Junction pays $11,337.50
a month, while no more than 300 metres away, a similarly
sized, newly arrived guitar shop pays less than half that.
Rates, in the meantime, have not shifted.
Others may be taking advantage of what fashion investor
David Rowland calls the “last bastion of middle-class tax
breaks” and what Moore brands ‘‘just terrible for the area’’:
negative gearing. Leaving a shop empty is no calamity when
a landlord is able to pick up a higher tax break for loss of
rental income along the way, argues Rowland, who believes
closing the loophole would give Oxford Street – and many
other ailing strips around the country – a fighting chance.
Behind the scenes, councils and stakeholders have
not been oblivious to the slide into gloom. While some
predicted and planned for the bad weather many years
before it hit, others have reacted slowly. Groups of
business owners, locals, landlords, state government
agencies and councils have been pushing for a
rejuvenation of the strip, much of their work motivated by
frustration at a lack of action.
In the words of Peter Sullivan, whose family owns the Arts
Hotel in Paddington: ‘‘If we do nothing, what we’ll end up
with is a gradual decay of the street and we’ll end up like
Parramatta Road.”
The March publication of Activate Oxford Street’s draft place-
making road map – commissioned by Woollahra council
as a blueprint for breathing life into the moribund shopping
precinct – was, to many, long overdue.
DAISY DUMAS SOURCE: SMH
TREND-SETTING PAST: OXFORD STREET IN 1983. PHOTO: SMH COLLECTION
OXFORD STREET TODAY. PHOTO: DANIELLE SMITH
A SHOPAHOLIC’S MECCA: OXFORD ST IN 1984
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
9
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010 OXFORDAGENCY.COM.AU
OXFORD STREET’S PROBLEMS ARE ALMOST AS MANIFOLD AS THE MANY COUNCILS AND OTHER STAKEHOLDERS INVOLVED, WRITES DAISY DUMAS.
9
With recommendations for a place
manager to oversee the precinct,
ensuring a diverse retail mix,
beautifying the street, lowering
speed limits and boosting its
night- time economy, the report’s
application will test the ability of
the City of Sydney and Woollahra
to reach agreement over their
shared portion of the strip.
Published behind schedule by
Woollahra Council, the independent
report by Village Well in collaboration
with BellRinger Property Group was
seized upon by stakeholders who had,
for years, been clamouring for help to
reverse the fortunes of the strip.
For others, Woollahra’s efforts are too
little, too late, lacking the teeth that the
problem demands.
The draft went through multiple iterations
before being released to the public, a
request from the council that one insider
said was “highly unethical”. “If you engage an
independent consultant, you then can’t tinker with
that to suit your own public needs,” the source said. Its
authors are un- derstood to have charged well below the
going rate, with council minutes showing that no more than
$70,000 was set aside for the research.
Theo Onisforou, founder of The Intersection, takes little
comfort in Activate’s recommendations, such as more
roadside dining. “It’s no use having ideas because they won’t
be implemented. I’ve been writing letters to the council for 10
years and ultimately nothing has been done,” he says. “I’m the
major beneficiary of their incompetence. They just take money
and move it elsewhere. All they’ve achieved is to ensure there
is only one precinct of Oxford Street you should go to.”
The Paddington Business Partner- ship has focused on
changes to the road’s traffic use, pushing for the abolition of
the clearway and a longer free parking period.
Traffic data, yet to be released since an hour was sliced
from clearway restrictions in November 2012, will show
whether the vehicle count necessitates a clear- way, after
all. Others argue that discrepancies in the clearway width
undermine its validity.
‘‘The thing about Oxford Street is people walk through rather
quickly with the fast-moving traffic hurtling by, it’s just really
unpleasant as a pedestrian,’’ Sydney lord mayor Clover
Moore said. “If you removed that clearway, it would not only
help business, it would help everything. If you had parking
along there, it would really help the ailing businesses.’’ Robert
Bleakley, the cycling and public transport-loving landlord of
the Palace Verona cinema, says a lower speed limit would
help. ‘‘We’ve given over the street to vehicles.’’
The Paddington Society and BIKEast have a more daring
propos- al for their village redesign – a mixed- use space for
cars, bikes, pedestrians and buses that includes a wide medi-
an strip and traffic calming that keeps vehicles moving at a
steady 40km/h, not dissimilar to a success- fully becalmed
Kensington High Street in London.
‘‘The question is getting [coun-
cils] to agree on a vision that
compels the RMS [the state Roads
and Mari- time Services] to play
ball,’’ says Geoff Ludowyke, of the
Paddington Society, which aims to
decentralise the accent on commerce
on the street. ‘‘What we’re interested in is
making a cohesive high street for the village,’’ he
said. ‘‘If you make it pedestrian-friendly, family-friendly,
cycle-friendly, the people themselves will demand what
they’re attracted to.’’ Fostering that community would come
at the cost of longer journey times for commuters and buses.
Almost everyone agrees that place-making is about creating
environments in which people want to linger.
Parking meters charge $4.80 an hour, with all councils
making a tidy sum from parking fine collection – a figure that
would likely grow if clearways were quashed.
Ippolito, taking a lead from Mosman’s Military Road,
supports two hours of free parking; the Paddington Business
Partnership is barracking for 30 minutes. For now, it sees a
compromise of 15 minutes as a major win, when the City of
Sydney’s 15 minute free parking was matched by Woollahra
last November.
Woollahra is conspicuous in its lack thereof, a consequence
of what its director of planning and development, Allan
Coker, puts down to budgets and red tape. What is seen as a
frustrating lack of action from the outside, including reports of
very slow development application processes, is in his view
simply an adherence to the system. Coker makes no bones
about the difficulty of working in a system that is due for a nip
and tuck, but admits the council could do more to help. He
said the council is looking at standardising rates and omitting
the development application phase from the painful process
of open air dining approval.
Stakeholders speak about non-existent street cleaning, the
lack of public toilets, hygiene problems that have arisen from
the loss of the Eddie Dixon Centre drop-in homeless shel- ter
(a sad byproduct of the non-profit Paddington Markets’ barely
justifiable stall rates, which funded the shelter).
And simple street beautification such as pot plants, street
flags, sig- nage, a welcome to Paddington sign – all minimum
entry stuff, as Clarke puts it – needs to go through the
requisite rubber-stamping process.
From this side of the table, it appears councils are at times
choked by risk aversion. “I kind of share your view,” Coker
says. “So much of what we do is regulated.”
89 shopfronts from Oxford Street’s
beginning to end are closed, for lease or
closing soon. While numbers change almost
daily, of those, 29 are in the City of Sydney,
41 are in Woollahra and 19 are in Waverley.
Few buildings are for sale and thus shielded
from plunges in asset values, Oxford Real
Estate sold 30-36 Oxford St in February to
an investor for $4 million.
89EMPTY SPACES
Red circles on the map
represent empty, for
lease or closing
shops
WOOLLAHRA COUNCIL
$66.9mRevenue 2013
$228.9mInfrastructure value
WAVERLEY COUNCIL
$88.6mRevenue 2013
$426.3mInfrastructure value
CITY OF SYDNEY
$479.9mRevenue 2013
$1.95bInfrastructure value
Westfield
Bondi
Junction
10
PROPERTIESFOR SALEOXFORD COMMERCIAL
10
85-95 OXFORD STREET, DARLINGHURST
Prime location within one of Australia’s premier entertainment and retail precincts on the edge of Sydney. Valuable hotel license and entitlements that can be purchased with the sale. Large land parcel in one of Sydneys most sort after residential areas where people love to live, work and play.
• Potential to purchase the business or be offered with vacant possession
• Moments walk to CBD, restaurants & retail
• 3:1 FSR, 28 metre frontage to Oxford Street
• A prime address with dual street access
ANOTHER SUCCESSFUL MONTH AT OXFORD
849 SQM OUTSTANDING CITY FRINGE DEVELOPMENT SITE
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
This marks one of the most successful months in Oxford Commercial’s history with transactions in
excess of eighty five million dollars. Specialising in securing buyers and tenants for our valued clients, this was achieved through our dynamic approach coupled with our systems and procedures.
Our extensive experience (a track record of over 60 years), successful techniques and expert strategies have helped us to achieve the goals we set for last quarter and we are very optimistic about the year ahead.
We provide you with simple and effective solutions. Our techniques have been carefully developed and are derived from some of the most successful agencies and leasing practices worldwide.
We take pride in the fact that we measure our success on the satisfaction of our clients as we ourselves are property owners and investors, both commercially and residentially.
We look forward to assisting you in creating the momentum you need to make your next big move in business, your goal is our goal. We work as a team, with you.
WE LOOK FORWARD TO ASSISTING YOU IN
CREATING THE MOMENTUM YOU NEED TO
MAKE YOUR NEXT BIG MOVE IN BUSINESS
SOLD $8.1M
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
11
OXFORDAGENCY.COM.AU
11
1
330 NEW SOUTH HEAD RD, DOUBLE BAY458 HARRIS STREET, PYRMONT
• Sophisticated property boasts two street fronts
• Top of the line office amenities for the service industry
• Building boasts brilliant natural light throughout
• Tenanted Investment
• One of the most sought after and upcoming regions in Sydney
• Immense natural light throughout the office
• Next door to the Ian Thorpe swimming centre
• Multiple uses
502/77 DUNNING AVE, ROSEBERY
• Brilliant north facing creative office flooded in natural light.
• Boasting soaring ceilings, open plan design with own amenities internally
• Shared Boardroom in building
• One stacker car space which holds two cars.
GOVERNMENT TENANT - BOUTIQUE BUILDING FULLY FITTED A GRADE COMMERCIAL OFFICE
WAREHOUSE OFFICE FOR SALE
185 SQM
2/162 GOULBURN ST, SURRY HILLS
• Located in the middle of the Surry Hills energetic café/restaurant district
• Generous open plan layout
• Will suit the most astute Investor and Owner Occupier
• 800m from Central and Town Hall Stations
INVEST / OCCUPY - PARKSIDE SURRY HILLS OFFICE
262 SQM
280 SQM
157 SQM
EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA
1212
Own the Market. Be Part of the only outlet centre within the Main trading area. Access 1.3 Million shoppers living within a 30-Minute drive time.
Steffan Ippolito
P +61 2 9331 2180
M +61 403 347 111
Marc Marano
P +61 2 9331 2180
M +61 425 331 355
NOWLEASING
FashionSpree is located on a major arterial road connecting with the Liverpool CBD in the south. According to the Roads and Traffic Authority (RTA), some 73,398 vehicles travel along Orange Grove Road past the intersection of Copeland Street on a daily basis (2005). This equates to an annual traffic volume of 26.8 million vehicles travelling in close proximity to the site.
The fashion factory outlet centre is a member of a rebellious niche sector in retail, one that regularly performs regardless of the ups and downs of economic cycles. As the district’s population skyrockets, so does the number of consumers with disposable income and growing families in the catchment areas. This group is looking for value fashion shopping in a family-friendly setting and is responsive to a sophisticated retail environment. FashionSpree delivers on both these levels.
Fashion conscious bargain hunters travel in packs. FashionSpree’s main trade area population is currently estimated at around 1.1 million and is projected to increase to around 1.25 million by 2026.This = average annual growth of approximately 1.1% over the forecast period.
This = a growth rate consistent with the Sydney metropolitan average of 1.2% per annum.
THE SOUTH WEST GROWTH CENTRE HAS THE CAPACITY FOR AROUND 110,000 NEW DWELLINGS OR SOME 300,000 PERSONS OVER THE PERIOD TO 2031.
Inside and out, FashionSpree breaks the mould in discount fashion outlets.
Garlanded with bougainvillea, a lush magenta and green facade calls out to the tens of thousands of cars that pass this site daily.
Interior spaces reflect the signature design of the FashionSpree tenants. The single level, racetrack floor plan is populated with numerous, stylishly furnished rest areas.
A mixture of finishes and textures is utilised within store spaces and public spaces alike, combining mesh, mixed metals, timber and graphics. The conventional, uninspiring atmosphere of outlet shopping is abandoned in favour of an aesthetic more suited to the tastes of a constantly growing outlet audience from diverse backgrounds.
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
13
OXFORDAGENCY.COM.AU
13
FASHION SPREE VIEW FROM OUTSIDE
INSIDE FOOD COURT OF FASHION SPREE
RETAIL PARTNERS ALREADY ON-SITE
THE MAIN TRADE AREA
CONTAINS A YOUNG
POPULATION WITH AN
AVERAGE AGE OF 35.4 YEARS
MAIN TRADE AREA POPULATION
- ETHNICALLY DIVERSE: 57.0%
OF RESIDENTS AUSTRALIAN
BORN AS COMPARED TO THE
BENCHMARK OF 73.9%.
SECONDARY SOUTH
SECTOR IS PREDOMINANTLY
AUSTRALIAN BORN.
THE MAIN TRADE AREA
CONTAINS A RELATIVELY LARGE
TRADITIONAL FAMILY MARKET -
PROPORTION OF COUPLES WITH
DEPENDENT CHILDREN IS 51.3%
SECONDARY NORTH AND
SECONDARY EAST SECTORS
- HIGHLY ETHNIC AND FAMILY
ORIENTATED POPULATION.
5773.9
1414
STUNNING DESIGNER 1 & 2 BEDROOM
APARTMENTS FROM $675,000
The majority of these stunning designer apartments sold off the plan on
the launch day. This is a unique oppurtunity to secure one of these prized
apartments with completion due in 14 months.*
STEFAN JONES 0422 681 795 0403 429 845ANSON KOLB
A limited selection of apartments all featuring secure parking & separate storage
High quality finishes throughout including Miele Appliances, Rogerseller & Grohe Tapware
Multi Award Winning Architect & Builder
Highlights of Calcutta marble & copper accents throughout
66MULLENSBALMAIN
N O W S E L L I N G
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
15
OXFORDAGENCY.COM.AU
PROJECTMARKETING
VICTORIA APARTMENTS, GLADESVILLE
Located in the heart of vibrant Gladesville Village, with an abundance of everyday
shopping and eateries at your doorstep, these oversized residences are perfect for
the owner occupier, and investor alike.
BROADBEACH, WOLLONGONG
Broadbeach Apartments; Consisting of 42 apartments is the latest release in
the esteemed master planned ‘Beaches Community’ and is selling fast. Nestled
between the majestic Pacific Ocean and the stunning Illawarra escarpment.
88 BLAXLAND APARTMENTS, RYDE
Ryde’s newest contemporary development is located in a prime central location
across from Top Ryde City Shopping Centre. This boutique apartment building
offers unsurpassed convenience. There’s an abundance of exceptional shopping,
restaurants, recreational and lifestyle facilities at your doorstep.
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5 TIPS WHEN BUYING OFF THE PLAN
1 Get your finances in order; Know your borrowing capabilities and requirements. Always handy to obtain pre-approval before purchasing any real estate.
2 Obtain professional legal advice; from a specialist property lawyer/conveyancer. Always have the contract of sale looked at before purchasing.
3 Research the project team. Has the developer/architect/builder completed any developments before?
4 Market research: Understand the median apartment growth, vacancy rates, rents and demographic in the immediate and surrounding suburbs. Things such as transport, and future infrastructure are extremely important.
5 Ask questions to determine what is covered in the purchase price. ie. What fixtures, fittings, and extras are included with the property purchase? Every off the plan contract should include a detailed finishes schedule which outlines the above.
F irst homebuyers are generally short on cash and as a result have difficulty in finding funds quickly that are required for a finished property with a sort term
settlement. Buying off the plan will give a first homebuyer time – time to save for settlement, time to plan for settlement, potentially time for capital growth prior to settlement (as most developers offer lower prices and financial incentives at the start and put prices up once construction has commenced) and time to make all the relevant applications for the first homeowners grant.
MANY BUY OFF THE PLAN AS AN INVESTMENT, BUT PURCHASING FRESH OFF THE PRODUCTION LINE CAN ALSO OFFER REAL ADVANTAGES FOR FIRST HOMEBUYERS.
CONSTRUCTION COMMENCED
NOW COMPLETE – FINAL APARTMENTS REMAINING CONSTRUCTION COMMENCING 2 & 3 BEDROOMS REMAINING
JOHN MEAGHER
1616
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
17
It is a property developer’s dream: 21,000 square metres
of prime Sydney real estate on the edge of the city’s
grandest park, 360 degree views across the entire city
and harbour, zoned to build up to a height of 32 metres.
But there is just one small problem: at present it is a
bus depot. Mixed signals are emanating from local and
state government over the future of Waverley bus depot,
leaving the residents of Bondi Junction’s western end in a
state of confusion.
As questions hang over a potential rescue for the
Paddington section of Oxford Street, with businessman
Theo Onisforou calling for council borders to be redrawn
to save the ailing retail strip, Waverley’s bus terminus
looks set to become another battleground in the street’s
chequered history.
Waverley Council has pushed ahead with community
consultation as to possible future uses of the depot,
despite Transport for NSW rejecting reports that it plans
to sell and redevelop the site, positioned on the eastern
suburbs’ highest point.
MIXED SIGNALS ARE EMANATING FROM LOCAL AND STATE GOVERNMENT OVER THE FUTURE OF WAVERLEY BUS DEPOT, LEAVING THE RESIDENTS OF BONDI JUNCTION’S WESTERN END IN A STATE OF CONFUSION.
NEXT STOP: POTENTIAL REDEVELOPMENT FOR THE WAVERLEY BUS DEPOT?
FIRST CLASS REAL ESTATE:
WAVERLEY’S BUS DEPOTPRIME LOCATION: THE DEVELOPMENT SITE
17
DAISY DUMASSOURCE: SMH
The council conducted the second of its community
drop-in sessions last week, after launching community
feedback at St James Reserve on March 8. The sessions
urge locals to give feedback on its West Oxford Street
Precinct Plan, which takes in the entire depot area and its
neighbouring portion of Oxford Street. The plan focuses
on boosting the population density of the ‘’gateway’’ area,
with new rezoning giving developers the option to build
as high as 32 metres.
Mayor Sally Betts said the state government had
indicated it wants to maximise the value of its property
and that one day adding a school or childcare centre to
the space above the depot would be ‘’wonderful”. She
said the council supports the site remaining as a working
depot into the future, but suggested the area might also
benefit from an art gallery.
In a letter to residents dated April 7, Coogee Liberal
MP Bruce Notley-Smith clarified the NSW government
position following ‘’some confusion and a few myths’’
over the site.
He vowed that he would fight to ensure no
development unrelated to public transport takes place
on the bus depot. Any development would diminish the
residential amenity of the locality, he wrote. ‘’Waverley
Bus Depot is on state owned land and therefore the
West Oxford Street Precinct Plan has no bearing on the
future of the site.’’
An attached letter from Transport Transport Gladys
Berejiklian states that Transport for NSW has no plans
to sell any part of the Waverley bus depot.
A Transport for NSW spokesman said neither the depot
nor space above the depot is in line for redevelopment.
Steffan Ippolito of Oxford Real Estate said the sale of the
vast site could yield anywhere from $225 million to $375
million, depending on the number of units proposed.
‘’It’ll happen,’’ he said of its eventual sale. ‘’Given how
rare sites like that are in the east, there would be a
queue of major listed developers and offshore groups
dying to get their hands on it.’’
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PROPERTIES FOR SALERESIDENTIAL
Classic yet clean and contemporary this north facing terrace is positioned only footsteps
to the chic boutiques and cafés of Paddington and close to the ever popular Five Ways.
Boasting a versatile floorplan with light bright interiors the property offers all the charm
of a classic three level terrace but with an abundance of natural light and air flow. The
recently added open plan living, kitchen and dining area with its soaring cathedral
ceilings flows perfectly to the rear entertaining courtyard with further potential at the
rear for a plunge pool (DA approved) or parking (STCA).
With Tasmanian oak floors, high ceilings, large rear bi-fold doors, skylights and neutral
interiors add to this sophisticated living space, while still keeping with its beautiful
original features still intact such as ceiling roses, decorative cornices, fireplaces and
original tiles on the front steps and porch.
Quaint and charming but spacious and well-appointed this immaculate property will
suit a myriad of buyers.
NEW ADDITION TO RESIDENTIAL
SALES AGENT, GLEN FITZGERALD JOINS THE TEAM
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At the forefront of sales, agent Glen
Fitzgerald’s success is his ability
to make buying and selling property
an exciting and rewarding experience.
With more than 7 years’ worth of
industry knowledge, Glen has extensive
experience working with some of Sydney’s
best agencies in the inner east and inner
west suburbs. In addition, Glen has an
exceptional track record selling property in
the upper Blue Mountains region.
Glen’s approach is focused entirely
around the unique needs of his clients
and targeted at securing the best
possible result each and every time.
He is adept at matching people to the
right property and understands that
presentation is key to a successful sale.
Glen is delighted to be part of such a
successful and dynamic team with a
reputation for excellence.
Professional, reliable and an expert
negotiator, Glen is committed to providing
a first-class service and maintaining
strong, long-term relationships with both
buyers and sellers alike.
Ever keen to build upon his experience,
Glen is always delighted to meet new
people and tackle fresh challenges within
the property market. Do you think you
have a unique property need up your
sleeve? Contact Glen or one of Oxford’s
many other talented agents and start the
conversation.
With the property market constantly
moving, how do you know what your
property is worth? Call Oxford, your area
specialists, now for an up-to-date market
appraisal.
OXFORD WELCOMES GLEN FITZGERALD TO THE RESIDENTIAL TEAM
Glen Fitzgerald 0437 091 904
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
79 GLENMORE ROAD, PADDINGTON 4 1.5
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
19
OXFORDAGENCY.COM.AU
BONDI’S DA ORAZIO PIZZA + PORCHETTA
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ELEGANT DINING AT BONDI’SDA ORAZIO PIZZA + PORCHETTA
3
A NIGHT AT DA ORAZIO PIZZA + PORCHETTA, BONDI
It feels like one can never keep up with the always-
evolving restaurant offerings around Bondi. With each
new week comes a new hot spot, filled with what could
only be described as regulars. Some new venues just
seem to resonate well with the crowds, offering an
experience different enough to be worth checking out
but then on par enough with the scene as to not be
disassociated completely. It’s a fine line and a line that
Da Orazio Pizza + Porchetta has drawn well.
Situated within the new Adina development off Hall
Street the restaurant is characterised by its concrete
floor and bright white furniture. Chalkboards scatter
the room while the wood fire pizza oven in the corner
makes a big statement about the quality of their food.
The oven also draws your attention to the 20m long
kitchen at the back of the restaurant, bustling with chefs
and fascinating to watch. First tip of the night; sit nice
and close to the kitchen so you can watch the team
make and create the meals.Tom Hosking
119/105 CAMPBELL STREET, SURRY HILLS
Situated in one of the area’s finest buildings, ‘The Carlisle’, this 63m2 one bedroom
raised ground floor apartment offers modern & convenient living in the heart of Surry
Hills & Darlinghurst, enjoying the cosmopolitan lifestyle with an abundance cafes,
restaurants and night life.
With a lovely outlook via floor to ceiling north facing windows onto Harmony Park,
this apartment typifies a true warehouse conversion with the addition of resort style
amenities including pool, sauna gym plus concierge.
Featuring soaring ceilings, built in wardrobe, lovely enclosed balcony, combined
laundry & bathroom, gas kitchen with stainless steel appliances, valuable undercover
security parking + visitor parking and an under floor storage.
Suitable for an executive couple, single or as a rental property with potential rent
return of up to $650 per week, investors should take note of the potential to acquire a
completely immaculate and low maintenance opportunity.
1 11
Glen Fitzgerald 0437 091 904
EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA
20
9 DENHAM STREET, DARLINGHURST
A magnificent offering in a highly prized inner city setting, this cutting-edge residence is
the epitome of ultra-contemporary chic. With a remarkably intuitive use of space and an
abundance of natural light, the home is finished with the finest designer appointments.
With expansive open plan living areas that are filled with sun via a massive skylight,
there is also an extremely rare and functional rooftop entertaining terrace. The sleek
kitchen has Gaggenau gas appliances, concealed Lieber refrigerator and a central
island with recycled Oregon timber benches.
There is a well proportioned study, as well as such inclusions as a dual car stacker,
polished concrete floors, wine cellar, storage, air conditioning and main bathroom with
spa. The master bedroom has built-ins and an ensuite with rain shower.
Expertly crafted for the discerning home owner with an exacting attention to detail
throughout, it is no more than moments to Oxford Street cafes, regular transport,
entertainment venues and the city.
3 22
Marc Marano Michael Marano0425 331 355 0418 226 881
230C LIVERPOOL STREET, DARLINGHURST
Located in the heart of Darlinghurst’s vibrant cafe and cultural centre is this near new
2 bedroom tri level townhouse designed by Marchese partners architects. Offering
total comfort and situated in a row of classic terraces this property is resplendent with
modern living features and fixtures but with a chic industrial edge.
The open plan living space flows perfectly to an entertainers kitchen and bi fold doors
retract open to a fabulous entertainers north facing courtyard with a climbing garden
wall. Clean and neutral but with all the personality and soul of a fabulous home this.
With an abundance of light, space and storage this property will surprise and delight
the most discerning buyer/s. 2 large bedrooms are coupled with two bright and
beautifully appointed bathrooms, an industrial style kitchen with great integrated
appliances and storage, a master suite featuring it’s own sitting area and fabulous
ensuite and two very practical outdoor areas complete this idyllic urban retreat.
2 2
Marc Marano Michael Marano0425 331 355 0418 226 881
PROPERTIES FOR SALERESIDENTIAL
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
21
Set within Surry Hills’ creative precinct, this updated Victorian terrace issurrounded by some of the area’s most vibrant cafes and gourmet eateries.Combining traditional character with tasteful improvements it is bright and airy.
With average capital city house prices up 9% in 2013 to more than $539,000, investing in Australian property can seem like an unattainable dream. But did you know that you can use a self-managed super fund (SMSF) to buy property through your super - and potentially boost your retirement savings at the same time?
Located on level 7, positioned on the North East corner presenting magnificent city views with amazing privacy. Offered in a very modern and sought security building in St Margarets the IVY, ideally located it boasts a convenient style of living.
Urban brilliance - Sold prior to auction Exceptional one bedroom apartment with captivating views
116D RESERVOIR ST, SURRY HILLS 705/417 BOURKE STREET, SURRY HILLS
SOLDSOLD
LOOKING TO BUY PROPERTY? WHY NOT USE YOUR SUPER?
1. Diversify into a high growth asset
A key benefit of SMSFs is that they offer a wider range of investment options than traditional super funds - including direct property. By spreading your savings across asset types, you can help reduce risk and create more consistent returns, while still investing for growth.
2. Build a bigger portfolio sooner
An SMSF can borrow to invest in residential or commercial property, with lenders typically funding up to 70% or 80% of the purchase price. So you can take advantage of low interest rates to build a bigger portfolio now, and potentially earn more income and capital growth in the future. As long as your returns outpace borrowing costs, you’ll come out ahead.
3. Potentially save on tax
SMSFs can use negative gearing to claim a deduction for borrowing expenses, just like individuals. And investing through an SMSF can have other tax advantages as well. Rental income paid to your SMSF is taxed at just 15%. And if you are over 55 and commence a Pension in your SMSF, then the rent you receive is tax free. More importantly after commencing a Pension in your SMSF, any capital gain when you sell the Property is also be tax free!
3 REASONS TO CONSIDER PROPERTY INVESTMENT WITH YOUR SUPER
INVESTING IN AUSTRALIAN
PROPERTY CAN SEEM LIKE AN
UNATTAINABLE DREAM.
A DREAM PROPERTY IN KIAMA
EASTERN SUBURBS, INNER WEST, SYDNEY CITY, NORTH SHORE,HUNTER VALLEY - WOLLONGONG & ILLAWARRA
2222
1
The pre-auction price guide for the completely original and crumbling two-bedroom Victorian terrace was at
the $850,000-$950,000 mark. The deceased estate of 80 square metres was last bought in 1981, for $33,500. The late owner, who lived in the home until she was 97, bequeathed the entire auction proceeds, splitting it between various religious charities.
Emma Brown-Garrett and Marc Marano of Oxford Residential were beyond elated with the result. Despite the dry rot, peeling walls and jungle of weeds in the courtyard, they had more than 260 groups inspect the property, issued 37 contracts and drew almost four times the web interest than usual. There were 9500 internet inquires.
“We knew it was going to be a fabulous sale,” Mrs Brown-Garrett said. “This was a rare opportunity as there are not many original terraces left in Surry Hills at this width and price bracket. ‘’Being in a heritage area, the grand front facade needs to be kept but if you were to gut it out, you’d need to spend between $200,000 and $400,000 on renovations.”
Mr Marano said: “With recent escalating house prices this was an affordable for a new owner who wasn’t afraid to do some hard work to get into the Surry Hills market. “Some people inspected and said, ‘Wow, this is too much work for us’. It’s just madness; from studio apartments to $2 million homes, it’s the busiest property activity in Surry Hills ever.
JUST MADNESS OVER CRUMBLING TERRACE Anita Balalovski
47 FITZROY STREET, SURRY HILLS SELLS FOR $300,000 OVER RESERVE AT AUCTION
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
NEW ADDITION TO RESIDENTIAL
EMMA BROWN-GARRETT, NEW OXFORD SALES AGENT
Emma Brown-Garrett has a passion for people and a passion for Surry Hills, where she has lived with her husband and little boy Harland for the past 8 years.
With a varied background including project marketing, PR and customer service Emma knows what it takes to make every real estate transaction stress free and rewarding. Living in Surry Hills has allowed Emma to enjoy the best the area has to offer and to gain a “grass roots” appreciation of all the wonderful work, lifestyle and entertainment opportunities it offers. This makes her the ideal person to help you find your next property or to find you your next buyer! In her spare time, Emma indulges in her other passion – shopping! You will often see her at Wheels n Doll Baby or at many of the other little hidden secret outlets or boutiques in many of Surry Hills burgeoning streets…
A very social and well networked person, Emma also enjoys meeting clients and friends at many of her favourite cafes on Crown and Foveaux and you will often see her enjoying Surry Hills’ family-type amenities with her little boy playing on the swings in the park on Crown. All in all, Emma typifies the eclectic and broad cross section of the wonderful Surry Hills community and welcomes you to discuss moving to the area with you at any time!
With the property market constantly moving, how do you know what your property is worth? Call Oxford, your area specialists, now for an up-to-date market appraisal.
OXFORD WELCOMES EMMA BROWN-GARRETTTO THE RESIDENTIAL TEAM
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
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OXFORDAGENCY.COM.AU
23
47 FITZROY STREET, SURRY HILLS.
“This is Sydney’s inner-city ‘it’ suburb; many eateries and business have been sprouting in Surry Hills over the past few years and this is now the place to be seen.” David Scholes of Auction Works called out to the 100-strong crowd gathered on the quiet cul-de-sac for an opening offer.
The 20 registered parties were mostly local builders. The bidding started at $700,000 and although the auctioneer requested $25,000 jumps, it soared straight up to $800,000 with the next bid. Like a firework, the price shot up quickly by $10,000 increments until $850,000, and then … bang! … the auction exploded with the next bid of $50,000 more.
Still keeping a smart pace, a couple of $10,000 bids were made, making it difficult for everyone to keep up. Another big blast, this time of $30,000 still did not scare the pace, and punters made quick small bids, between $5000 and $10,000 apiece. When the auction seemed to come to an end, the new owner (who wished to remain anonymous) made his debut and final bid at $40,000 taking the price to $1.1 million.
The terrace has one bathroom and rear lane access, and although there is no car parking there is the possibility of moped parking, subject to council approval.
SYDNEY’S BIGGEST-EVER AUCTION DAY - LISTINGS TOTALLED 1102 FEATURED A BIG RESULT FOR 47 FITZROY STREET, SURRY HILLS.IT SOLD $300,000 OVER RESERVE FOR $1.1 MILLION ON SATURDAY.
Situated in a beautifully quiet cul-de-sac is this renovated townhouse offers privacy,it is absolutely perfect for the growing family. Spread over three levels & ready toenjoy with whole-floor living areas, an elegant bay window, alfresco entertainingspace and 3 spacious bedrooms all with built-in robes.
Set in iconic warehouse conversion ‘Rhodes House’, this apartment features lofty ceilings and 83sqm spacious internal/external living space. Situated on one the higher levels it enjoys expansive views over Newtown and Camperdown. Minutes to CBD, Sydney University, RPA Hospital.
Spacious townhouse moments to the beach - Sold prior to auction Generously sized apartment in warehouse conversion
1/701 MALABAR RD, MAROUBRA 510/1 MISSENDEN ROAD, CAMPERDOWN
SOLDSOLD
2424
TIP 1 LANDSCAPING: DECLUTTER YOUR ENTRANCE
• Prune back unruly shrubs• Clear away dead leaves• Weed the flower-beds• Mow the lawn, & use an edger to tidy up any messy lines• Waterblast pavers, driveways, & the outside of your house• If appropriate, buy some new soil or mulch, for a fresh
looking garden
COST $0
TIME Half a day to a weekend, depending on the garden. The key here is to work smart, not hard. Do: Work on the things that will have a big impact, such as clearing away mess. Don’t: Spend a lot of time and money on new plants or re-designing the space.
TIP 2 REPAIR: SHOW BUYERS A FUNCTIONAL, WELL LOOKED AFTER PROPERTY
• Check the lights work / replace any blown lightbulbs• Tighten up loose hinges and wobbly doors• Spray WD-40 on creaking doors and fittings• Fix any cracked glass on windows• Remove broken and old flyscreens• Paint over cracks and patches on the walls
COST $0-$500 depending on your DIY skill level and materials
TIME Half a day to a day. The little things matter because they indicate to a potential buyer the condition of the overall property. A buyer who sees a well-functioning surface feels comfort that the things they CAN’T see are also well-functioning.
PREPARING YOUR PROPERTY FOR THE MARKET – TOP 5 TIPS
DECLUTTER: MAXIMISE THE FEELING OF SPACIOUSNESS
TIP 3 FRESHEN UP: MODERNISE YOUR LOOK WITH A FEW LOW COST UPGRADES
• Check your light fittings: are they cracked, old or outdated?• Look at light-switches and power-plugs: do they take you
back to the 90’s & have a yellow tinge to the plastic?• Door handles: all the same & in a classic or modern style?• What about cupboard and draw handles?• Finally, check your bathroom fittings
COST $500-$1000 to upgrade all of the above with brand new fittings
TIME One day. Get organised, arrange a handyman ahead of time, and then go to a big hardware store to buy everything you need. These simple upgrades can turn rooms and spaces that are terribly dated into charming and fresh looks.
TIP 4 DECLUTTER: MAXIMISE THE FEELING OF SPACIOUSNESS
• Remove all excess furniture – think chests of drawers, filing cabinets, book-cases, additional seats, etc
• Clear away all ornaments, piles of paper, books by the side of the bed, appliances that sit on the bench, etc
• Inside your cupboards, drawers and storage areas take the excuse to have a good cleanout and remove at least 50% of what was inside!
• Everything you are able to remove makes the space look bigger to prospective buyers, so be ruthless and clean out all those things that are “practical” but take up floorspace
COST $0, and if you end up having a garage sale you might make money
TIME No more than a weekend if you are ruthless with yourself (it shouldn’t take any longer than moving house will!)This tip is the one that is so often neglected, because it isn’t that fun to go through your things and throw things out. That said, if you are successful selling your house then you will have to do this anyway, and you may as well do it earlier and benefit from a better looking Open Home!
The rule we use is: If I haven’t used this in the last 12 months, I don’t need it. That is a lot easier said than done, so another good trick is to rent some storage space ahead of time, and just store everything to get it out of the house. You may find even a couple of months later you are a lot less attached to items that before you “simply couldn’t live without”!
Jamie Martin
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
25
OXFORDAGENCY.COM.AU
25
WANT TO SELL QUICKLY AND FOR THE HIGHEST POSSIBLE PRICE? SO DOES EVERYONE. BUT AFTER WORKING WITH HUNDREDS OF PROPERTY SELLERS AND THE BEST REAL ESTATE AGENTS ALL OVER AUSTRALIA,WE’VE SEEN IT ALL.
WATERBLASTED PAVERS LOOK GOOD AS NEW
TIP 5 SPRING CLEAN: HAVE BUYERS FEELING READY TO MOVE IN
• Once you have de-cluttered (or during), it is time to give the place a thorough spring clean
• As you are cleaning out the linen cupboard, wipe the shelves out and refold the linen so it looks neat and tidy
• In the laundry, wipe down all the shelves and clean the dryer filter as well as the appliances themselves
• Vacuum all those hard to reach places under the bed, behind the couch, underneath the rug, etc
• Clean out the pantry and wipe down the fridge as well as all the cupboards and drawers in the kitchen
• Give the bathrooms a solid clean so that the shower, basins and tubs look fresh and sparkling
• Give all the windows a good clean inside and out
COST $0 to $200 depending on if you clean or hire someone to do it for you
TIME Half a day. Think about what you would expect if you went to a 5-star hotel. Clean sheets, no dust anywhere, impeccably clean bathroom, right? The same is true of people coming through your home on Open Home day.
So for the sake of four weekends and under $2000, put your best foot forward to potential buyers. You will sell faster (less Open Homes!) and for a higher price (we all want that!). Also, if you get organised then this will make life less stressful later on when you need to move. You’ll be drinking champagne and searching for your next dream house instead of madly packing and cleaning out the old place.
FRESH SOIL OR MULCH CAN REVITALISE YOUR GARDEN
MINIMISE CLUTTER AND MAXIMISE SPACIOUSNESS
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PROPERTIESFOR LEASERESIDENTIAL
1 11 1
Beautiful two bedroom apartment in the sought after ‘Elle Apartments’ featuring spacious open plan living & dining, district views, sleek gas kitchen & stunning bathroom.
Through a welcoming front yard, enter this cosy 2 bedroom terrace, spread over approximately 90sqm and 2 levels, 14 Jesmond Street blends charm and character.Features 2 queen size bedrooms, built in robes in master bedroom and spacious living and dining area.
Beautifully appointed 2 bedroom, 1 bath + sun room apartment Beautiful 2 bedroom, 1 bath + study terrace
9/36 FLINDERS STREET, DARLINGHURST 14 JESMOND STREET, SURRY HILLS
RESIDENTIALCOMMERCIAL PROJECT MARKETINGHOTELSASSET MANAGEMENT
$850 $850
23/360 BOURKE STREET, SURRY HILLS
1307/73 VICTORIA ST, POTTS POINT
1/633 MILITARY RD, MOSMAN
200-220 PACIFIC HWY, CROWS NEST
2/5-7 MARLBOROUGH, WILLOUGHBY
26/6-14 OXFORD ST, SURRY HILLS 207/6-8 WARD AVE, POTTS POINT
3/168 BOURKE STREET, SURRY HILLS
Light and airy studio apartment in Surry HillsStudio $380p/w
Harbour views from every room2bed, 2 bath, 1 car $650p/w
Situated in convenient Crows Nest1 bed, 1 bath $600p/w
Sunny balcony with district views2 bed, 1 bath $590p/w
Sought after secure buildingStudio $350p/w
2 bedroom unit in Mosman Village2 bed, 2 bath $650p/w
STATE OF THE ART DUPLEX
Updated with an abundance of natural light1 bed, 1 bath $350p/w
BEAUTIFULLY RENOVATED AND FURNISHEDFULLY FURNISHED TWO BEDROOMBRAND NEW & READY TO MOVE INOPERA HOUSE & HARBOUR BRIDGE VIEWS
BEAUTIFUL FULLY FURNISHED STUDIO NEW YORK STYLE APARTMENT
Award winning designer 3 bed duplex3 bed, 2 bath, 2 car $1300p/w
TOP FLOOR STUDIO
LEASED
LEASED
LEASED
LEASED
LEASED
LEASED
LEASED
LEASED
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OXFORDAGENCY.COM.AUPHONE (02) 9331 218040 FLINDERS ST DARLINGHURST NSW 2010
THEOXFORD TEAM
FROM LEFT TO RIGHT
Emma Brown-Garrett, Shane Blackett, Justin Lokmer, Matthew Marano, Glen Fitzgerald, Kristian Morris, David Dahdah, Anson Kolb, Sally-Anne McQuillan, Steffan Ippolito, Micheal Marano, Marc Marano, Stefan Jones, Rosanna DeBari, Michael Vranic, Allan Edmondson, Pieter Engelbrecht, Ralph Garofano, Michelle McGloin, Daniel Marano
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