Property News Update Jan-Mar 2016

Beyond the expected™

YourLocal

PropertyGuide

Quarter 1 2016

Buying with Laing+Simmons

The ’s all add up


Matt EffenbergManaging DirectorLaing+Simmons Hornsby

NormanhurstWahroonga

Waitara

Asquith

Mt Colah

Mt Kuring-gai

Berowra

Berowra Heights

Cowan

Mooney Mooney

HornsbyHeights

HORNSBY

FAST FACTS

WELCOME TO LAING+SIMMONS QUARTERLY LOCAL PROPERTY GUIDE, AIMED AT KEEPING YOU UP TO DATE WITH INFORMATION ON LOCAL PROPERTY PRICES.

The highly awarded team at Laing+Simmons is dedicated to providing clients, customers and local residents with the most current sales information on each local suburb, helping you make an informed decision when it comes to real estate.

We hope you find this booklet helpful, and encourage you to contact us on 9477 3500 if you feel we can be of further service to you.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy.Interested parties are advised to carry out their own investigations.

I have found a property I like.

How do I make an offer?

Do I have to pay GST on my home purchase?

My offer has been accepted.

What happens next?

Who legally advises me when buying or selling my home?

How much deposit do I need to pay?

When should I organise a building and pest inspection? “BPI”

What does “settlement” refer to? When can I move into the property?

Can I buy a property prior to auction?

You may begin with a verbal offer however

we then require all offers in writing before

submitting them to our owners. This will

enable us to establish a buyers genuine

interest in the property.

Contracts are exchanged either with a 5

day cooling off period or unconditionally.

The type of exchange depends on both the

buyer and the seller and the circumstances

surrounding the sale.

Initially you may pay as little as 0.25% of

the purchase price if you exchange with

a cooling off period. An unconditional

exchange is completed with a 10% deposit.

The settlement period is the time from

exchange of contracts until the settlement

date when the title is transferred and

you are the new owner. The standard

settlement period is 42 days.

The purchase of an already established

home does not attract GST. Commercial

properties sold as a going concern do not

attract GST however vacant commercial

properties do.

You can choose either to employ the

services of a solicitor or a conveyancer.

Conveyancers specialise in property

transactions whilst solicitors will be able to

advise you on broader legal issues.

Buyers may choose to have a BPI prior

to negotiations whilst others negotiate

the price first. Occasionally the owners

will provide a BPI report which they have

organised prior to marketing.

In most cases the owners will seriously

consider offers prior to an auction. If your

offer is accepted you will need to exchange

contracts unconditionally.

NormanhurstWahroonga

Waitara

Asquith

Mt Colah

Mt Kuring-gai

Berowra

Berowra Heights

Cowan

Mooney Mooney

HornsbyHeights

HORNSBY

YOUR AREA SPECIALISTS


Suburb Profile

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE

POPULATION AVERAGE DAYSON THE MARKET

TOTAL SALES2016

SOLD

AVERAGE RENT

AsquithCapital Growth

Year Median House Price % Change (YoY)

2016 $1,205,000 4.42%

2015 $1,154,000 28.08%

2014 $901,000 19.97%

2013 $751,000 14.66%

2012 $655,000 -2.60%

2011 $672,500 -1.47%

2010 $682,500 26.86%

2009 $538,000 -1.28%*source - realestate.com.au

Recent SalesAddress Sold Price Bed Bath Car

42 Eden Drive, Asquith $1,105,000 4 2 1

10 Stokes Avenue, Asquith $1,050,000 3 1 3

6 Baldwin Avenue, Asquith $1,210,000 3 1 1

2/41 Hazelmead Road, Asquith $730,000 2 1 1

38 Eden Drive, Asquith $1,050,000 5 3 4

54 Hyacinth Street, Asquith $1,025,000 3 2 2

29 Bouvardia Street, Asquith $1,035,000 4 2 1

52 Dudley Street, Asquith $950,000 3 1 2

45A Mittabah Road, Asquith $727,000 0 0 0

13/9-19 Heath Street, Asquith Undisclosed 2 2 1

26 Royston Parade, Asquith $1,450,000 4 2 1

18 Chelmsford Road, Asquith $1,000,000 4 2 2

1/29 Royston Parade, Asquith $490,000 3 1 2

43 Baldwin Avenue, Asquith $1,362,000 3 1 2

44 Royston Parade, Asquith Undisclosed 3 1 052 Dudley Street, Asquith

29 Bouvardia Street, Asquith

26 Amor Street, Asquith

1/29 Royston Parade, Asquith

SOLD

$490

,000

SOLD

$1,34

0,000

SOLD

$1,03

5,000

SOLD

$950

,000

13 18$595 PW$1,205,000

3,481

79%

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

Suburb Profile

AVERAGE RENT

$595 PW$907,750

4,623

88%

BerowraCapital Growth


2016 $907,750 1.42%

2015 $895,000 13.22%

2014 $790,500 14.07%

2013 $693,000 10.17%

2012 $629,000 -0.95%

2011 $635,030 1.20%

2010 $627,500 12.05%

2009 $560,000 7.28%*source - realestate.com.au


41 Anembo Road, Berowra $825,000 3 1 1

3 Goodwyn Road, Berowra $870,000 3 1 2

2/21 Jaranda Street, Berowra Undisclosed 3 2 2

30 Rawson Road, Berowra Undisclosed 4 2 1

4 Aubrey Place, Berowra $1,041,000 4 2 2

25 Cumbora Circuit, Berowra $1,200,000 5 3 2

6 Helvetia Avenue, Berowra $850,000 3 1 2

1 Bracken Close, Berowra $870,000 4 2 2

12/35 Berowra Waters Road, Berowra Undisclosed 2 2 2

Lot 3/31 Yallambee Road, Berowra $660,000 0 0 0

17 Gwandalan Crescent, Berowra $1,050,000 4 4 2

21 Koloona Street, Berowra $1,075,000 5 3 2

15A Rickard Road, Berowra Undisclosed 4 2 2

Lot 1/31 Yallambee Road, Berowra $670,000 0 0 0

29B Hillcrest Road, Berowra $990,000 4 2 3 25 Cumbora Circuit, Berowra

21 Koloona Street, Berowra

17 Gwandalan Crescent, Berowra

4 Aubrey Place, Berowra

SOLD

$1,04

1,000

SOLD

$1,05

0,000

SOLD

$1,07

5,000

SOLD

$1,20

0,000

17 15


Suburb Profile

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

Berowra HeightsCapital Growth


2016 $947,000 5.30%

2015 $899,330 17.23%

2014 $767,116 17.01%

2013 $655,600 1.17%

2012 $648,000 9.64%

2011 $591,000 0.17%

2010 $590,000 7.76%



9 Cliffview Road, Berowra Heights $920,000 4 2 1

11 Beatrice Close, Berowra Heights $911,123 4 2 1

41 Easton Road, Berowra Heights $667,500 2 1 0

34 Blue Ridge Crescent, Berowra Heights Undisclosed 6 3 2

7 Lingellen Street, Berowra Heights $735,000 3 1 1

4 Turner Road, Berowra Heights $800,000 3 1 4

66 Lonsdale Avenue, Berowra Heights $885,000 3 1 3

10 Wideview Road, Berowra Heights $1,190,000 4 2 2

4 Evelyn Crescent, Berowra Heights $887,250 3 1 2

85 Woodcourt Road, Berowra Heights $815,000 3 1 2

74 Turner Road, Berowra Heights $800,000 3 1 1

18 Holliday Avenue, Berowra Heights $1,080,000 4 2 2

24 Easton Road, Berowra Heights $930,000 4 2 1

2/11 Kita Road, Berowra Heights $650,000 3 1 1

10 Evelyn Crescent, Berowra Heights $990,000 4 2 118 Holliday Avenue, Berowra Heights

10 Wideview Road, Berowra Heights

9 Cliffview Road, Berowra Heights

8 Evelyn Crescent, Berowra Heights

SOLD

$982

,500

SOLD

$920

,000

SOLD

$1,19

0,000

SOLD

$1,08

0,000

18 16$630PW$947,000 90%

5,099

Suburb Profile

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

Capital Growth Year Median House Price % Change (YoY)

2016 $1,140,000 11.22%

2015 $1,025,000 12.64%

2014 $910,000 19.74%

2013 $760,000 7.27%

2012 $708,500 1.21%

2011 $700,000 3.70%

2010 $675,000 11.63%



10/3-5 Webb Avenue, Hornsby Undisclosed 2 3 1

14/2 Galston Road, Hornsby $760,000 2 2 2

9A Lodge Street, Hornsby $1,188,000 4 2 2

3 Valley Road, Hornsby $856,200 3 2 4

5 Arthur Street, Hornsby $1,370,000 5 2 2

50A Manor Road, Hornsby $1,160,000 5 3 5

39 Ethel Street, Hornsby $1,550,000 3 2 2

Lot 2, 19a Ethel Street, Hornsby $800,000 1 1 0

253 Peats Ferry Road, Hornsby $1,415,000 3 1 2

1 Mittabah Road, Hornsby $940,000 3 2 2

2/12 Frederick Street, Hornsby Undisclosed 4 2 1

5 Lynne Place, Hornsby $1,220,000 4 3 2

17 Old Berowra Road, Hornsby Undisclosed 3 2 2

30 Amor Street, Hornsby Undisclosed 3 2 2

3A/29 Clovelly Road, Hornsby $850,000 3 1 1 63A Burdett Street, Hornsby

9A Lodge Street, Hornsby

5 Lynne Place, Hornsby

5 Arthur Street, Hornsby

SOLD

$1,37

0,000

SOLD

$1,22

0,000

SOLD

$1,18

8,000

SOLD

$2,25

0,000

23 20

Hornsby Houses & Townhouses

$600 PW$1,140,000 59%

19,876


Suburb Profile

$1,436k

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

Capital Growth Year Median Unit Price % Change (YoY)

2016 $642,000 3.18%

2015 $622,220 15.01%

2014 $541,000 12.71%

2013 $480,000 9.09%

2012 $440,000 1.15%

2011 $435,000 2.35%

2010 $425,000 10.68%



41/215 Peats Ferry Road, Hornsby $600,000 2 1 1

47/215 Peats Ferry Road, Hornsby $617,500 2 1 1

2/58 Albert Street, Hornsby $580,000 2 2 1

16/2 Galston Road, Hornsby $758,000 2 2 1

6/44 Bridge Road, Hornsby $665,000 2 2 1

23/33-37 Linda Street, Hornsby $665,000 2 2 1

13/92 Hunter Street, Hornsby $660,000 2 2 1

8/2-8 Belair Close, Hornsby $750,000 2 2 1

10/4-6 Muriel Street, Hornsby $610,000 2 1 1

9/24-28 College Crescent, Hornsby $620,000 2 2 1

29/2 Pound Road, Hornsby $796,510 3 2 2

11/4-10 Pound Road, Hornsby $640,000 2 2 1

1/34-38 Burdett Street, Hornsby $637,500 2 1 1

13/38-42 Hunter Street, Hornsby $620,000 2 1 1

129/107-115 Pacific Highway, Hornsby $635,000 2 2 19/71-73 Florence Street, Hornsby

8/2-8 Belair Close, Hornsby

4/68-72 Hunter Street, Hornsby

1/54 Hunter Street, Hornsby

SOLD

$770

,000

SOLD

$595

,000

SOLD

$750

,000

SOLD

$605

,000

4823

Hornsby Units

$470PW$642,000

19,876

59%

Suburb Profile

$2,053k

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

1636

Hornsby HeightsCapital Growth


2016 $1,047,500 3.71%

2015 $1,010,000 25.15%

2014 $807,000 12.08%

2013 $720,000 5.88%

2012 $680,000 3.42%

2011 $657,500 -1.50%

2010 $667,500 17.62%



44 Marine Crescent, Hornsby Heights $863,500 3 1 0

314 Somerville Road, Hornsby Heights Undisclosed 3 2 2

17 Woomba Close, Hornsby Heights $1,191,000 4 2 2

27 Peter Close, Hornsby Heights $1,040,000 3 2 2

7 Marshall Close, Hornsby Heights $910,000 4 1 2

21 Chakola Avenue, Hornsby Heights $1,025,000 3 2 2

2/1-5 Peter Close, Hornsby Heights $850,000 3 2 2

18 Mullion Close, Hornsby Heights $863,000 3 1 1

41 Meredith Avenue, Hornsby Heights $840,000 3 1 1

187C Galston Road, Hornsby Heights $905,000 4 1 2

1 Mullion Close, Hornsby Heights $1,035,000 3 2 3

3 Kerulori Close, Hornsby Heights $1,380,000 4 2 2

9 Yannina Avenue, Hornsby Heights $850,000 3 2 1

72a Somerville Road, Hornsby Heights $760,000 3 1 2

221 Galston Road, Hornsby Heights $1,050,000 5 3 2 41 Meredith Avenue, Hornsby Heights

4 Wallace Close, Hornsby Heights

4 Evans Road, Hornsby Heights

2D Evans Road, Hornsby Heights

SOLD

$1,33

3,000

SOLD

$970

,000

SOLD

$1,10

2,500

SOLD

$840

,000

$650PW$1,047,500

6,191

91%


Suburb Profile

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

Mount ColahCapital Growth


2016 $950,000 5.56%

2015 $900,000 14.65%

2014 $785,000 14.93%

2013 $683,000 6.47%

2012 $641,500 0.94%

2011 $635,500 4.18%

2010 $610,000 7.49%



21 Kuring-gai Chase Road, Mount Colah $945,000 4 3 1

31 Banyula Place, Mount Colah $1,060,000 4 2 2

3 Amaroo Avenue, Mount Colah $1,075,000 4 2 1

47 Lady Street, Mount Colah Undisclosed 4 3 1

1a Burra Close, Mount Colah $950,000 4 2 1

22 Willarong Road, Mount Colah $1,250,000 3 2 2

2 Lancelot Street, Mount Colah Undisclosed 5 3 5

15 Jersey Street, Mount Colah $832,000 2 1 3

28 Berowra Road, Mount Colah $890,000 3 2 2

10 Jersey Street, Mount Colah $910,000 3 1 2

8 Piperita Close, Mount Colah $1,190,000 6 2 2

28 Kuring-gai Chase Road, Mount Colah $1,161,000 7 3 3

2/28 Allawah Close, Mount Colah $763,000 3 1 1

29 Northumberland Avenue, Mount Colah $848,000 4 2 1

1G Berry Park Way, Mount Colah $842,000 3 1 131 Banyula Place, Mount Colah

28 Berowra Road, Mount Colah

10 Jersey Street, Mount Colah

3 Amaroo Avenue, Mount Colah

SOLD

$1,07

5,000

SOLD

$910

,000

SOLD

$890

,000

SOLD

$1,06

0,000

27 43$600PW$950,000

7,103

84%

Suburb Profile

$1,709k

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

Mount Kuring-gaiCapital Growth


2016 $895,000 -1.65%

2015 $910,000 15.85%

2014 $785,500 12.21%

2013 $700,000 9.38%

2012 $640,000 4.58%

2011 $612,000 6.43%

2010 $575,000 2.18%



3 Young Street, Mount Kuring-gai $800,000 3 1 2

25 Low Street, Mount Kuring-gai $837,000 3 1 1

53 Glenview Road, Mount Kuring-gai $1,041,041 5 2 2

2A St Helens Avenue, Mount Kuring-gai $840,000 3 2 2

15 Church Street, Mount Kuring-gai $880,000 3 1 1

14 Merrilong Avenue, Mount Kuring-gai $765,000 3 1 2

26 Nyara Road, Mount Kuring-gai $1,050,000 3 2 2

37 Glenview Road, Mount Kuring-gai $895,000 3 2 2

11 Fairview Road, Mount Kuring-gai $1,000,000 4 2 2

8 King Street, Mount Kuring-gai $733,000 3 1 1

20A Low Street, Mount Kuring-gai $505,500 0 0 0

2/10 Church Street, Mount Kuring-gai $820,000 4 2 2

10A Nyara Road, Mount Kuring-gai $1,120,000 4 2 4

49 Glenview Road, Mount Kuring-gai $975,000 4 2 2

11 Low Street, Mount Kuring-gai $785,000 3 1 1 53 Glenview Road, Mount Kuring-gai

11 Fairview Place, Mount Kuring-gai

10A Nyara Road, Mount Kuring-gai

2A St Helens Avenue, Mount Kuring-gai

SOLD

$840

,000

SOLD

$1,12

0,000

SOLD

$1,00

0,000

SOLD

$1,04

1,041

1024$560PW$895,000

1,578

85%


Suburb Profile

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

NormanhurstCapital Growth


2016 $1,195,000 5.19%

2015 $1,136,000 21.23%

2014 $937,050 12.90%

2013 $830,000 11.04%

2012 $747,500 0.07%

2011 $747,000 -0.07%

2010 $747,500 12.70%



3 Redgrave Road, Normanhurst $2,050,000 5 3 2

62 Redgrave Road, Normanhurst $1,185,000 3 1 1

31A Redgrave Road, Normanhurst $1,120,000 3 2 1

64 Denman Parade, Normanhurst $1,470,000 4 2 2

17/17 Denman Parade, Normanhurst $942,500 3 2 2

51A Mount Pleasant Avenue, Normanhurst Undisclosed 3 2 2

43a Denman Parade, Normanhurst $952,000 3 1 226 Milson Parade, Normanhurst $1,080,000 3 1 2

22 Milson Parade, Normanhurst $1,100,000 3 1 15 Bluegum Street, Normanhurst $920,000 3 1 1

42 Malsbury Road, Normanhurst $1,301,000 4 2 2

19 Knox Place, Normanhurst $965,000 3 2 1

34 Carcoola Crescent, Normanhurst $1,230,000 5 2 2

18 Hammond Avenue, Normanhurst $1,020,000 4 2 0

5 Mount Pleasant Avenue, Normanhurst $1,300,000 3 1 164 Denman Parade, Normanhurst

42 Malsbury Road, Normanhurst

26 Milson Avenue, Normanhurst

2/14 Fraser Road, Normanhurst

SOLD

$819

,000

SOLD

$1,08

0,000

SOLD

$1,30

1,000

SOLD

$1,47

0,000

27 26$670 PW$1,195,000

5,162

78%

*KLGA – Ku-ring-gai Local Government Area

Suburb Profile

$2,381k

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

WahroongaCapital Growth


2016 $1,545,000 4.04%

2015 $1,485,000 16.02%

2014 $1,280,000 15.36%

2013 $1,109,583 14.15%

2012 $972,000 -2.80%

2011 $1,000,000 -2.91%

2010 $1,030,000 9.57%



15 Tamar Place, Wahroonga $1,635,000 5 3 2

49 Havilah Avenue, Wahroonga $1,132,000 3 2 1

4 Leuna Avenue, Wahroonga $1,305,000 4 1 1

23 Myra Street, Wahroonga Undisclosed 3 1 2

7a Wahroonga Avenue, Wahroonga Undisclosed 5 3 3

3 Watson Avenue, Wahroonga $1,500,000 4 3 2

12 Dennis Avenue, Wahroonga $1,625,000 4 2 2

25 Yanilla Avenue, Wahroonga $1,100,000 3 1 2

76A Fox Valley Road, Wahroonga $2,015,000 5 3 2

38 Billyard Avenue, Wahroonga $4,400,000 5 3 3

3 Sutherland Avenue, Wahroonga $3,075,000 4 3 2

17/153-165 Grosvenor Street, Wahroonga $1,410,000 4 2 2

8 Chauvel Close, Wahroonga $2,015,000 6 3 2

43 Lucinda Avenue, Wahroonga $1,780,000 5 3 1

57 Mahratta Avenue, Wahroonga Undisclosed 5 3 4 51 Russell Avenue, Wahroonga

15 Tamar Place, Wahroonga

8 Chauvel Close, Wahroonga

4 Kokoda Avenue, Wahroonga

SOLD

$2,52

5,000

SOLD

$2,01

5,000

SOLD

$1,63

5,000

SOLD

$1,43

5,000

6133$800 PW$1,545,000

16,715

80%


Suburb Profile

OWNEROCCUPANCY RATE

MEDIAN SALE PRICE


TOTAL SALES2016

SOLD

AVERAGE RENT

24 6$600 PW$1,350,000

5,364

49%

WaitaraCapital Growth


2016 $1,350,000 5.24%

2015 $1,548,760 11.93%

2014 $1,387,000 16.92%

2013 $1,132,000 8.82%

2012 $795,000 -1.97%

2011 $788,000 5.66%

2010 $731,000 14.27%



104/11-19 Waitara Avenue, Waitara $510,000 1 1 1

12/7-9 Park Avenue, Waitara $582,500 2 1 1

39/2A Yardley Avenue, Waitara $598,000 2 1 1

2402/32 Orara Street, Waitara $490,000 1 1 1

W604/2 Orara Street, Waitara $480,000 1 1 1

BG03 23/29 Waitara Avenue, Waitara Undisclosed 3 2 2

2/1-3 Thomas Street, Waitara $599,000 2 1.5 1

260/27-31 Leonard Street, Waitara $725,000 2 2 1

177/2 McAuley Place, Waitara $808,000 2 2 1

310/11-19 Waitara Avenue, Waitara $672,000 2 2 1

2/2A Yardley Avenue, Waitara $585,000 2 1 1

12/23-27 Romsey Street, Waitara $515,000 1 1 1

14A Balmoral Street, Waitara $1,599,000 4 2 2

5/36-40 Romsey Street, Waitara Undisclosed 2 2 1

701/25-31 Orara Street, Waitara $608,000 2 2 1260/27-31 Leonard Street, Waitara

39/2A Yardley Avenue, Waitara

14A Balmoral Street, Waitara

2/1-3 Thomas Street, Waitara

SOLD

$599

,000

SOLD

$1,59

9,000

SOLD

$598

,000

SOLD

$725

,000

Property Management

Achieving an optimal return on your investment doesn’t happen by chance. Our experienced team of Property Managers are utilising the latest technology and procedures to ensure your investment is in good hands. Please contact me to discuss how we can best manage your property investment today.

Heidi van Weelderen Director Property Management

Phone: 0405 455 [email protected]

Laing+Simmons Blueprint For Success

Getting Started pricing

inspections

application

maintenance

rent/invoice collection

preparation

feedback/ communication

selection

compliance RTA

arrears management

promotion

negotiations

approval

property visit

rent reviews

landlord reporting

accountingFinancial Management

Property Management

Tenant Assessment

On the Market

Laing+Simmons Phone: (02) 9477 3500

Fax: (02) 9476 6744Email: [email protected]

Website: lsre.com.au/hornsby 268 Peats Ferry Road, Hornsby NSW 2077

Beyond the expectedTM

Property News Update Jan-Mar 2016

Documents

Transcript of Property News Update Jan-Mar 2016