2452 Winter Edition

HOT HOT TIPSTIPS Great advice when selling your home

24245252 Market Data

Just Just SOLD SOLD Analysis on recently sold properties

Sawtell / Toormina

Boambee East

Your Market

Place Report

I’m Sold!

Bonville - $507,000

32a Paddymelon Circuit

Sawtell - $470,000

38 Tindara Drive

166 Linden Avenue

Hello and welcome to our quarterly

update on the 2452 Property Market

Welcome to the Winter edition of

the 2452 Market report. Thank

you to all those who contacted us with positive feedback on our

previous market updates. We are

pleased that this information is of

interest to you.

We have transferred to a new format for this edition, which I

hope you find informative.

Historically the cooler months

have been a slightly slower selling

time in our region, however this

year has seen an increase in the number of sales with buyers

making the most of

our current

low interest

rates.

If the last few weeks are any

indication we are sure to have a

bumper period ahead! We have been experiencing great enquiry

on the properties we have listed

for sale with several sold for

fantastic prices in the last few

weeks.

If you are thinking of selling your

property, please call us for a free

appraisal. With a severe shortage

of properties for sale now could

be the perfect time to achieve

that premium price for your property.

Tom Sullivan & Sue Lucas

Top Tips

Toormina - $341,500

11 Duncan Close

Boambee East - $349,000

Great tips for when you are selling your home

80% of the marketplace will see your property within the first 30 days. That is why your best buyers usually come along in the first 2-3 weeks.

Price relates to time, the longer your house sits on the market the lower your price becomes.

Fragrances enhance buying decisions. Vanilla is regarded as the most effective oil to use during inspections.

Your agents skill level at negotiating is the difference between a good price or a great price.

People usually spend 50% more on a home when they are upgrading from their current home.

People absorb 50% of their information visually. The better the photography of your property the greater the chance of market excitement.

Statistics from the last 3 years indicate a similar sales pattern over winter as over the traditionally stronger warmer months of the year. This means that the Coffs Coast is no longer a seasonal real estate market!

All local images supplied by

Beachscapes Gallery. Ph: 6658 2599

Record Sale price for Boambee East The Coffs Coast real estate

market is on the move. The past

few months have seen a

noticeable increase in the number

of sales across the region with the

first half of 2013 seeing over 20%

more homes sold in the area than

during the same period in 2012.

At Professionals, we have

definitely seen an increase in

buyer activity this year which has

no doubt been encouraged by the

low interest rates that are

currently on offer.

This year has also seen the return

of the investor to the Coffs Coast

marketplace. Most of this increase

in activity has been noticed in the

lower end of the market with a

boost in the number of unit sales

influencing a capital growth of

7% to date in 2013.

This flurry of activity has not

significantly influenced median

house prices at this stage.

However local supply levels

indicate that our Coffs Coast real

estate market is currently under

supplied, which should lead to

property values increasing in the

near future.

July has also seen another

significant real estate milestone

with Professionals Real Estate

negotiating a record-breaking sale

in Boambee East. “The property is

a very substantial home with 6

bedrooms and a swimming pool

as well as views all the way to the

ocean - very worthy of the

$650,000 price tag.

With all indicators pointing

towards an improvement in the

local property market, now is a

great time to buy and

sell Coffs Coast

real estate.

Buying?

Understanding the market Buyers Market

The number of properties on the market is greater than the number of buyers

Properties take longer to sell

Prices are stable or they fall

Buyers often dictate the selling price

Sellers Market

The number of buyers exceeds the number of properties for sale

Properties sell faster

Prices generally rise

Sellers may receive offers from more than one buyer

Sellers gain prices closer to the listed price, or over it.

Balanced Market

The number of properties for sale is about equal to the number of buyers

Sellers will consider reasonable offers

Prices are generally stable

Properties will generally sell within a reasonable time

Where are we now?

On the whole, the Coffs Coast real estate market would best be described as balanced, however recent sales indicate that we are currently in transition towards a sellers market.

There is greater activity in the sub-$400k range at the moment which in some cases is pushing prices upward, suggesting the sellers market is very close!

DONT UNDERSELL YOUR HOME

Give us a call, or shoot an email to

info@professionalssawtell.com.au

to receive your FREE copy of our

Professionals Guide to Achieving a

Premium Price - 6658 8991

When relating this rule to the sale of real estate, there

are two rooms that when finished off well will typically

add the biggest impact on buyers - the kitchen and

bathroom. A kitchen or bathroom in need of repairs

or modernising will generally be perceived as requiring

costly renovations. When an owner has left an area

unloved buyers will often think the renovation must

have been too much of a hassle or too expensive for the

seller to take on. It also doesn't give a great impression if

the owner has 'let things go'. Buyers viewing a property

that's exuding neglect will likely assume there are more

issues than simple cosmetic ones and put it in the too

hard basket.

Buyers will often make ultra conservative guess-timations

about the cost of repairs and renovations before making

their offer on a home, and their offer is adjusted down

according to what they believe they may need to spend.

Whether you're considering large renovations or updating

a room or two, it can be worthwhile doing the job

yourself. If you've ever seen an episode of Selling Houses

Australia you would no doubt have been blown away by

how little it can actually cost owners to revamp and style

their homes to great affect, and how dramatically this

can influence what buyers are willing to pay.

At the end of the day, a house with a well presented

kitchen and bathroom has the ability to create the

impression of luxury and 'WOW' potential buyers. So

the equation is fairly simple; if you're looking for ways

to improve the value and saleability of your home, and

your finances permit, consider a bathroom and kitchen

renovation. This will be beneficial whether it be for the

possible future sale of your property, or to simply improve

the bank's view of the value of your home to help with

real estatenews

Adding Value to Your Home

Whether you’re selling real estate, a car or a toaster, there’s a general rule of thumb when it comes to

adding value. It probably goes without saying but the better something is, the easier it will be to sell and

the more attractive the eventual sale price will be.

NEWS - AUGUST 2013

proudly supporting

financing the purchase of an investment property.

Professionals Companies, members, directors, offices and employees do not give warranty to the accuracy, reliability or completeness of any information provided in this newsletter and shall not be liable for any loss or damage suffered as a result of anyone relying on information provided in this newsletter. Professionals recommends you seek advice from your own financial, taxation, and legal advisors before entering into financial or other transaction. E. & O. E.

VISIT US ONLINE AT WWW.PROFESSIONALSSAWTELL.COM.AU SHOP 1 / 4 FIRST AVENUE, SAWTELL PH: 02 6658 8991

How do you respond to

interest rate cuts?

It seems that home owners looking to pay off their mortgages

sooner are taking advantage of current low interest rates.

With 100 basis points being slashed by the RBA since June

last year, and Australian's now finding themselves the

beneficiaries of record low interest rates, it's little wonder

people are finding new ways to save, reduce their debts, and

ultimately get ahead in the mortgage game.

So just what are your financial options in the current

economic conditions?

Reduce your debts - By reducing your mortgage to the

minimum monthly payment required you will free up a little

extra cash every month that can be used to pay off credit

card debts and other bills getting in the way of your growing

savings.

Pay off your mortgage sooner - Many home owners

(reportedly as many as 8 out of 10) are continuing to pay

more than the required mortgage repayment each month,

and in turn are reducing the term of their home loan. It

seems the average household paying extra each month have

already lopped one and a half years of the life of their loan.

If you're not sure of the best option to take considering your

own financial situation, we urge you to seek expert financial

advice and make your real estate work better for you. The

stress you'll avoid by keeping yourself 'in the black' will be

well worth the effort.

What can't you live without?

When you think about what does/would make you

happy, what do you come up with? What you believe

are the three most essential ingredients to happiness?

Well according to 12 years of university research and

29 survey studies, a Deakin University psychologist has

discovered the golden triangle of happiness – the three

key elements... and they might just surprise you.

You may find it surprising, but according to their research

happiness has very little to do with how healthy you are,

and despite the countless new years resolutions suggesting

otherwise, it's not reliant on what you weigh. Children were

shown to neither increase nor decrease overall happiness,

and it has nothing to do with how beautiful, intelligent or

well liked you are. So what is it then?

Apparently the three things we need to improve our overall

happiness are:

A loving partner; someone to share your life with in an

intimate way.

A gross household income of $100,000; this number may

vary depending on how many children you have and where

you live, but it basically means you have enough to live

comfortably.

A social activity that provides a sense of purpose; people

are apparently happiest when they're active and involved in

an activity with a social element.

Whether you're sitting at 1, 2 or all 3 of these items on the

happiness wishlist, we'd love to know your thoughts.

Do you agree? What would you add to or remove from

the list?

2452 Market Place Report

2452 Market Data

1 May - 31 July 2013 Sawtell Toormina Boambee East

How many properties have sold over the last quarter? 18 31 32

What is the highest price paid in the last quarter? $660,000 $428,000 $555,000

What is the average price paid in the last quarter? $477,078 $314,439 $347,229

What is the lowest price paid in the last quarter? $263,750 $125,000 $235,000

How many properties are on the market? 67 52 47

Street Address Suburb Type Bed Bath Car Area Sale Price Sale Date

32 Sunrise Drive Boambee East House 5 3 3 854 $555,000 Jun-13

63 Worland Drive Boambee East House 4 2 2 690 $482,500 Jun-13

38 Shaws Close Boambee East House 4 2 2 700 $445,000 May-13

35 Oscar Ramsay Drive Boambee East House 3 2 4 703 $430,000 Jun-13

47 De Castella Drive Boambee East House 4 2 1 659 $425,000 Jun-13

15 Sandpiper Crescent Boambee East Land 0 0 0 700 $355,000 May-13

15 Harvie Drive Boambee East House 3 1 2 0 $349,000 Jul-13

166 Linden Avenue Boambee East House 3 1 1 2170 $349,000 Jun-13

11 Duncan Close Boambee East House 3 1 2 846 $341,500 Jul-13

57 Linden Avenue Boambee East House 3 1 4 724 $340,000 May-13

1/5 Cocos Palm Close Boambee East Unit 3 1 1 700 $338,000 Jun-13

16 Annandale Court Boambee East House 0 0 0 428 $337,000 May-13

18 Sieben Road Boambee East House 3 1 1 404 $335,000 Jun-13

16 Sorrento Avenue Boambee East House 3 2 0 534 $335,000 May-13

16 Hibbard Close Boambee East House 3 1 3 700 $333,000 May-13

2/13A Sea Breeze Place Boambee East House 3 2 2 1256 $329,000 Jul-13

7 Friendship Close Boambee East House 3 1 3 790 $318,000 Jul-13

8A Silvereye Close Boambee East House 3 1 1 350 $316,500 May-13

3 Moseley Drive Boambee East House 3 1 1 700 $315,000 Jun-13

26A Lady Belmore Drive Boambee East House 3 1 1 261 $290,000 Jun-13

9 Meadow View Close Boambee East House 3 2 2 469 $285,000 May-13

2/11 Egret Close Boambee East Unit 2 1 1 2034 $260,000 Jul-13

2/20 Harvey Drive Boambee East Unit 3 1 4 926 $235,000 Jun-13

20 Harvie Drive Boambee East House 3 1 1 0 $235,000 Jun-13

18 Boronia Street Sawtell House 4 2 2 481 $660,000 Jun-13

1/17 Boronia Street Sawtell Unit 3 2 2 654 $655,000 Jul-13

30 Heron Place Sawtell House 4 2 2 765 $615,000 Jun-13

2 Bridge Street Sawtell House 5 3 2 683 $580,000 May-13

13 Eighth Avenue Sawtell House 2 1 1 949 $530,000 May-13

14 Cunningham Crescent Sawtell House 4 3 2 718 $490,000 May-13

38 Tindara Drive Sawtell House 4 2 2 735 $470,000 Jul-13

37 Elizabeth Street Sawtell House 3 1 1 570 $455,000 May-13

Please contact our office for more details

Street Address Suburb Type Bed Bath Car Area Sale Price Sale Date

72 Boronia Street Sawtell House 3 2 2 583 $454,000 Jun-13

37 Circular Avenue Sawtell House 3 1 2 531 $433,000 Jul-13

3/24 Eleventh Avenue Sawtell House 3 2 1 1149 $415,000 Jun-13

12 Sabal Drive Sawtell House 3 2 2 807 $415,000 Jul-13

34 Circular Avenue Sawtell House 1 1 1 835 $412,500 May-13

7 Wonga Close Sawtell House 4 2 2 702 $405,000 May-13

1/136 First Avenue Sawtell Unit 3 1 2 2176 $380,000 May-13

2/25 Park Street Sawtell Unit 0 0 0 553 $263,750 Jun-13

42 Kinchela Avenue Toormina House 4 2 2 992 $428,000 May-13

15 Kinchela Avenue Toormina House 4 2 2 775 $397,500 Jun-13

15 Dewing Close Toormina House 4 2 2 833 $389,950 May-13

7 Janari Close Toormina House 4 1 1 836 $388,000 Jun-13

86 Sawtell Road Toormina House 3 2 2 1467 $379,000 Jul-13

1 Dewing Close Toormina House 3 2 0 713 $365,000 Jun-13

57 Nariah Crescent Toormina House 4 2 1 1015 $350,000 May-13

3/66 Sawtell Road Toormina Unit 3 3 2 0 $350,000 Jul-13

11 Amaroo Crescent Toormina House 3 1 4 930 $342,500 May-13

23 Kintorie Crescent Toormina House 3 1 1 1352 $340,000 May-13

22 Alleena Drive Toormina House 4 1 2 721 $330,000 May-13

11 Nariah Crescent Toormina House 4 1 2 661 $330,000 May-13

53 Sawtell Road Toormina House 4 1 2 620 $325,000 May-13

9 Dewing Close Toormina House 2 1 1 719 $310,000 Jun-13

56 Playford Avenue Toormina House 3 1 1 702 $292,000 May-13

9 Mcfadyn Street Toormina House 3 1 1 650 $285,000 May-13

56 Toormina Road Toormina House 4 2 1 997 $285,000 May-13

29 Wybalena Crescent Toormina House 3 1 1 446 $285,000 Jun-13

2/64 Sawtell Road Toormina Unit 3 2 2 4169 $280,000 May-13

11 Moran Close Toormina House 3 1 1 551 $245,000 May-13

1/8 Wirrabilla Drive Toormina Unit 2 1 1 756 $243,000 Jun-13

8 Courtney Close Toormina House 3 1 1 668 $242,600 May-13

2/4 Bardsley Crescent Toormina Unit 2 1 1 835 $239,000 Jun-13

8/259 Linden Avenue Toormina House 3 1 1 280 $125,000 Jun-13

professionalssawtell.com.au

shop 1 / 4 First Avenue, Sawtell

p: 02 6658 8991 f: 02 6658 8119

RECORD

Sale Date: 1 August 2013

Boambee East

20 View Drive

I’m Sold

!

SALE PRICE IN BOAMBEE EAST

professionalssawtell.com.au

shop 1 / 4 First Avenue, Sawtell

p: 02 6658 8991 f: 02 6658 8119

Our focus is you.

We hope you have found this

market report useful in helping

you make an informed decision

on your real estate investment.

If you require any details which

are not presented in this report

our friendly team will be more

than happy to ascertain the

information on your behalf.

I wish to continue providing the

residents of Sawtell, Toormina &

Boambee East with up to date &

relevant information regarding

your real estate market, so keep

an eye out for further reports

over the coming seasons.

Kind regards,

Tom Sullivan

Licensee

All local images supplied by

Beachscapes Gallery. Ph: 6658 2599