Tuggeranong Market Review | November '14

Tuggeranong Market Review(02) 6296 7077 | peterblackshaw.com.au

School Fete Season | Spring/Summer 2014

Proudly supporting the Tuggeranong Community

CASE STUDY

AGENTBrian McPherson | 04101 354 540

DAYS ON MARKET Sold within 11 days

STORYAs a previous seller & purchaser client of Brian’s, the vendors of this beautiful home made a number of improvements after the initial settlement, including timber flooring & new soft furnishings. Relocating interstate, the sellers chose Brian McPherson once again to handle the negotiations.

BUYERA professional couple with a young family had been looking for a home they could grow into.This one was perfect for them.

HOME FEATURESSituated at the end of a cul-de-sac on 1060m2 of land, five bedrooms & spacious living areas, an easy walk to Tuggeranong Lake via walking trails and bike paths

MARKETING CAMPAIGNProfessional photographyPremium website packageOpen for inspection weekends, mid week twilight hours plus private appointments

9 Dalgarno Close,Oxley SOLD $720,000

MOMENTUM BUILDINGBUYERS HAVE MORE CHOICE

Robert PeakerPrincipal | Peter Blackshaw [email protected] Agent Canberra South Real Estate Pty Ltd ABN 53 106 779 506

02 6296 7077 | peterblackshaw.com.au

Welcome to the November edition. With the last month of Spring amongst us, finally the Tuggeranong market gives buyers and sellers reason to feel warm and fuzzy. Excitingly our statistics are showing promising signs of market improvement, with a sudden influx of fresh homes hitting the sales market. Most encouraging, and a positive sign of local buyer confidence, was the high increase of overall stock levels reaching agreement, the first time to which we have been able to report a percentage higher than 20%. This indicates that both agents and sellers have been much more conscious of pricing homes both realistically and competitively. If agents and sellers are too ambitious with their advertised price expectations, this results in low open home numbers and invariably - not much buyer feedback available after a weekend to provide an owner as to why their home may not be selling.

In regards to a chosen sale method, you will find that generally as the market picks up so does the trend towards marketing homes by way of auction. Currently there are upwards of 10% of available homes with auction campaigns underway and a figure that will continue to rise throughout the rest of the year.

Although local Tuggeranong buyers still may not have completely embraced the Auction process as have those in the inner suburbs, it is becoming increasingly evident that gaining insight and appreciation of this method offers benefits of transparency and certainty. On the internal front, proudly our office again has achieved an average sale price in excess of $40,000 over that of the regional average, proving that skillful negotiations and quality marketing make an enormous difference to your bottom line. In addition, Salesperson Brian McPherson of our office notched two noteworthy sales this month, with one being case study 9 Dalgarno Close, Oxley - the second highest sale price achieved overall for the suburb this year behind 1 Lamble Place (also sold by Peter Blackshaw Real Estate).

In community news, we have definitely entered School Fete season. This month we are supporting Calwell’s St Francis of Assisi School Fete. Be sure to come and visit our marquee for food drink and loads of kids activities on the 15th.

MONTHLYSALESSNAPSHOT

NOVEMBER ‘14Properties currently listed (as of 16th Oct ‘14) up 9.8% 413

Properties sold 29.16% 68

Total value of sales $33,893,675

Tuggeranong Record (Kambah) $1,295,000

Average sale price $492,792

Median sale price $460,000

Highest sale price (Fadden) $950,000

Lowest sale price (Calwell) $323,050

Days on market (Tuggeranong Region Average) dwn 13% 78

% of homes reaching agreement up 8.36% 20.9%

Source PBRE research & allhomes.com.au. Reported dates 16th Sept to 15th Oct ‘14

St FranciS oF aSSiSi

Fete | Calwell

15th Nov | 10 - 3pm

Proudly supported by: Craig Sleeman | 0404 178 577

19.57 19 17

18.75

12.38

17.8 17.2

12.54

20.9

Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14

% of stock Under Offer (agreement reached)

are you new to the area or new to Football? we would love to hear From you. CoNtaCt us For more iNFormatioN oN how you CaN partiCipate iN 2015.

e: [email protected] w: www.tuFC.org.au

MONTHLYRENTALSNAPSHOT

Properties available (Tuggeranong Region as of 16th Sept ‘14) 243

Properties rented (Tuggeranong Region) 127

Lowest rental price (Gordon) $245p/w

Highest rental price (Kambah) $650p/w

Average rental price $414p/w

Median rental price $400p/w

Average days till rented (Region average) 36

Source PBRE Research, ABS & allhomes.com.au. Date range 16th Sept to 15th Oct ‘14

2

7

32

15

8

3

1

8

12 7 4 1

8 2

5 7 6

$245-300 p/w $300-350 p/w $350-400 p/w $400-450 p/w $450-500 p/w $500+ p/w

What’s Renting? (Volume)

Rented after 30 days +

Rented within 15-30 days

Rented within 15 days

Heidi Russell Property Management Co-ordinator

[email protected]

If you are unhappy with your current Property Manager, please contact me today to discuss how

we can help.“ ”

At Peter Blackshaw Real Estate Tuggeranong we consider being involved with the local community an important way of showing support for the Tuggeranong area and its residents. Over the past 10 years we have proudly been involved with a number of community events, charitable organisations, schools, sporting teams, mothers programs and businesses, such as the RSPCA, St Vincent De Paul, Ronald McDonald House Charities, Cancer Council Australia and Variety: The Childrens Charity. We enjoy taking a hands-on approach to all aspects of our sponsorship by having our staff be involved in all events where possible. We invest our time, resources and expertise to ensure everyone is pleased with the final outcome.

OUR COMMUNITYWE WANT TOBE INVOLVED

Amy PeakerBusiness Manager | (02) 6296 7077

What we could provide to you

• Auctioneer services• Marquee• Volunteers• Promotional Signage• Graphic Design & Photography services• Facebook and website promotion

Saturday 24th August2:00pm

Collectables, jewellery, toys, English China, furniture & much more!

24th Birthday SaleAuction

Everyone welcome!

Vinnies TuggeranongCorner of Athlon Drive &

Pitman St, Greenway(02) 6234 7300

Tuggeranong

This event is proudly supported by our Tuggeranong office (02) 6296 7077

If you are interested in having us sponsor your event please contact:

Are you seeking assistance with a Tuggeranong community event?

IDEALINVESTMENTOPPORTUNITIES

11 Burhop Place, Theodore

Current asking price: $360,000+

Listing Agent:Brian McPherson | 0401 354 540

Currently Vacant

17/30 Ijong St, Braddon


Listing Agent:Andrew Thorpe | 0402 017 912

Currently rented for:$370 p/w

Lease expires:15th November 2014

3/28 Whitford Pl, Conder


Listing Agent:Robert Peaker | 0412 726 025


Currently rented on a month to month basis

49 Outtrim Ave, Calwell




Lease expires:January 201530/35 Chandler St, Belconnen


Listing Agent:Samantha Hague | 0431 846 866


Lease expires:December 2014

15 Cookson Pl, Banks

Current asking price: $900,000+Listing Agent:Robert Peaker | 0412 726 025Andrew Thorpe | 0402 017 912Currently rented for:$750 p/wLease expires:May 2016

11/21 Tennison Woods Cirt, Bonython




Lease expires:12th December 2014

409/107 Canberra Ave, Griffith


Listing Agent:Craig Sleeman | 0404 178 577

Currently Vacant

MINIMUM TIMEMAXIMUM PRICE

Our intimate understanding of local needs and trends continues to place us as the most well informed local agency in Canberra.

Our expert market knowledge means a superior service experience for our vendors and purchasers.

Proud of our reputation as a dynamic, innovative and family orientated group, our team is constantly looking for new ways to exceed expectations.

02 6296 7077 | peterblackshaw.com.au

Tuggeranong Market Review | November '14

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