HOT HOT TIPSTIPS Great advice when selling your home

242452 52 Market Data

Just Just SOLDSOLD Analysis on recently sold properties

Sawtell / Toormina

Boambee East

Your Market

Place Report

2452 Spring Edition

I’m Sold!

Boambee East - $650,000

20 View Drive

Sawtell - $635,000

31 Fifteenth Avenue

18 Jackwood Grove

Hello and welcome to our quarterly

update on the 2452 Property Market

Welcome to the Spring 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.

The market has been coming along in leaps and bounds these

past few months, with a

significant reduction in the

number of properties available in

the area.

You will read in the following articles how the

e x p e r t s a r e

predicting a

s i g n i f i c a n t

increase in

Sydney property prices into 2014,

which is great news for Coffs

Coast property owners. Historically our local market closely follows

the trends of the Sydney market,

however these effects are usually

approximately 6 months behind

our capital city.

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 - $220,000

4/95 Sawtell Road

Boambee East - $330,000

Top tips for saving on energy bills

* Switch your lights off. It doesn't get much simpler really. If you're leaving a room or area of your house, and you're using lights, turn them off. This is because the amount of energy used to keep them running outweighs any other factor, and turning them off will save you money. However, if you're using CFL lights a general rule of thumb is that if you're leav-ing a room for less than 15 minutes don't bother turning them off. If you'll be gone for longer than 15 minutes, do. This is because their efficiency is outweighed by the impact on the life of a CFL bulb by switching it on or off.

* Let the natural light in. Even in the depths of winter, most houses will be sufficiently lit during the day if all curtains and blinds are opened. While closed curtains may keep the warmth in, and may be your preferred option at night, you're unlikely to suffer from a huge loss of heat by opening things up and letting in the sunshine during the day. If you do feel a loss of heat, it may be worth adding a layer of clothing during the day.

We encourage you to have your own light bulb moment and

consider how much energy is going to waste in your household.

There’s been a lot of talk about the ‘cost of living’ lately, so we thought we’d share a few of our own cost-cutting ideas. Naturally there are lots of ways to save on your energy bills, but we’re not sure if people realise just how easily this can be done. It’s like preparing a family budget – the idea might sound difficult, but it’s actually incredibly straight forward, and once it’s done you’ll reap the benefits of saving extra cash!

Termites can be tricky to find, because they often build up little walls around themselves which conceal their presence. Some things to look out for are the munching sounds that can sometimes be heard when termites are active in your home, and mud tubes built up against your property’s existing structures.

Of course home owners living in the house will be more likely to notice any significant changes as they arise, but if your home is tenanted, these things may easily be missed. Typical termite damage can include:

Earthen masses on architraves of doors, walls, stairs or skirting boards.

Blistering, bulging or staining of paint on windows, door architraves and skirting.

Damp areas on walls may betray the presence of moist earthen material in which termites live.

Electrical failures causing fire by shorting electrical wiring

in subfloor areas and roof cavities.

Earthen masses in the subfloor area under moist situations such as the bathrooms and kitchens where they act as termite “half-way” properties or in roof cavities and walls.

Damage to flooring bearers and joists of properties with pier and wall construction.

An average treatment by a professional can cost around $1,500. While this in itself is a hefty price to pay, it pales in comparison to the debt you may find yourself in if required to rectify extensive termite damage. It can also prove very costly when trying to sell your home. Countless sales have fallen through when buyers receive building inspection results and some buyers have managed to negotiate thousands off the sale price - thousands that we’re sure you’d prefer to keep in your own pocket!

An annual termite check-up is like home insurance, an essential way to maintain your greatest investment. Is your home due for its annual termite inspection?

real estatenews

Have you had your Annual Termite Inspect ion?

It’s something we all need to be wary of, that little sound of ‘munching’ as termites internally excavate our homes. When conditions are humid, termites love to come out to play, or eat, as it may be. They will attack brick as easily as weatherboard homes - in short, nobody is safe from these tiny terrors. With spring now here, it’s only a matter of time before they get active, and we do what we can to protect our properties from costly damage.

NEWS - OCTOBER 2013

proudly supporting

Prices set to continue rising in 2014 Louis Christopher, one of

Australia's most recognised and

respected property analysts and

head of SQM Research, has

released his 'Housing Boom &

Bust Report' for 2014 which

paints a positive outlook on the

local property market predicting a

1 5 - 20% price growth in the

Sydney market.

This is great

news for Buying?

The Process of Purchasing a Property

local Coffs Coast property owners

as our real estate market

traditionally follows the Sydney

market, however we usually

experience the follow-on effect

around 6 months later. "It will

potentially be a one-in-50-year

event next year" Mr Christopher

said. Currently we are seeing price

growth of 9-12% for 2013 and

we think that is going to

accelerate in 2014." This feeling is

Purchasing residential real estate

can be a very exciting process,

however it can also be a very

confusing time for the prospective

buyer. As you may already be

aware, different agencies usually

have different sets of rules and

standards, so I would like to inform

you of the buying process should

you decide to purchase a property

through Professionals Real Estate.

Should you decide to secure or

make an offer on one of our listed

properties, we will ask you to

confirm the following details,

enabling us to help you in the best

possible way:

The actual purchase price you

will be paying for the property.

The method by which you

choose to pay the 10% deposit.

The settlement period that you

require.

The name of your Solicitor or

Conveyancer.

The name of your bank or

financial lending institution.

6. Any special conditions or

requests that you may have so that

we can inform the vendor. (owner)

Tip 1: Property owners receive all

types of interest – some genuine,

some not. Some people submit

offers to test the possibility of sale,

but do not actually stay true with

their offer. This can lead to

frustration and concern for the

owners as they try to assess who is

actually a genuine buyer. The best

way to present a strong offer on

any property is to utilise your

purchasing option of the 5-day

Cooling Off Period available in all

NSW property Contracts Of Sale.

Tip 2: The cooling-off period is only

available to the purchaser and

allows for an offer to be submitted

to the owner in writing, on the

Contract Of Sale. This clearly

demonstrates to the vendor that

you are serious about your offer.

Tip 3: Once an agreement on

price, settlement, conditions, etc

has been reached with the vendor,

consistent with the market

conditions we are currently seeing

on the Coffs Coast. There is a

serious shortage of properties for

sale with a high number of buyers

looking to purchase in the area.

This 'Sellers Market' is being

powered by our low interest rates

which are encouraging investors

to invest in property, as their

money is not producing any

returns in the bank!

the sale can proceed. An

exchange of contracts is the only

way to actually buy or sell a

property. The exchange of

contracts occurs when the vendor

and purchaser each sign an

identical copy of the proposed

contract for the sale of land, that

land having a title. (The property

on the land, being houses,

townhouses etc., are known as

improvements to the subject land.)

Preparation is the key. Understand

your rights and have everything in

place. If you follow the advice on

this page, along with that of your

solicitor and your Professionals Real

Estate agent, you will be on your

way to securing the right home for

you.

Whether you are considering

purchasing a property in the near

future, or are currently in the

process of buying a home through

another company and in need of

advice, please feel free to contact

one of our team: we will be happy

to assist you.

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

What’s your Home Worth?You may feel like you’ve heard it all before. If a property is priced too low, buyers may think there’s a problem with the property and be scared away; if it’s priced too high, it’ll price its way out of contention. As a home owner we understand how tricky the pricing situation can be - you want to get the best price possible for yourself, but you also don’t want to make your home unattractive to buyers by striving for a price that’s too high. So how do you find that magic number?

The first four weeks of a listing campaign are crucial! This is when you’ll receive the most enquiry and attract the most number of inspections. We know a lot of residents ask for a few opinions from various real estate agents when putting their home on the market, and often we see people selecting to list with whichever agent tells them their home will get the highest price. This is extremely risky! Property pricing certainly isn’t brain surgery, but it is somewhat of a science. While it’s impossible for a real estate agent to tell you exactly what price your home will achieve (unless they’re planning to buy it themselves), knowing what comparable properties have recently sold, and what is for sale now that would form your home’s competition on the market, will allow them to create a sound pricing strategy for your property.

Beware the agent who plucks a price from the air. If you’re thinking of selling your home, by all means educate yourself and ask for opinions. But make sure when it comes to listing your home you use an agent who deals in facts and results, rather than one who solely tells you what you want to hear. Price your home to be competitive, and enjoy the bidding war you create.

The 5 Simple Steps to Selling your Home. If you’re thinking of selling your home and are not quite sure where to start, you’re not alone. Many people find the process of selling daunting, and most don’t quite know where to start, so we thought we’d put together a bit of a strategy for you; a step-by-step guide to selling your home.

1 • Choose a real estate agent to list and market your home and sign a listing agreement.

2 • Have a chat to your agent about suitable inspection times and the marketing strategy that

will best suit your home.

• If you haven’t already, get your spring cleaning gloves on and start decluttering, scrubbing and polishing your home.

• Make any necessary repairs, and arrange for a building and pest inspection to make sure you’re not going to find any nasty surprises later that could potentially cause a contract to fall over.

• Communicate regularly with your agent, and be open to all feedback.

• A good agent will be able to negotiate with buyers to earn you the most possible. Work with your agent to help secure the sale you deserve.

3 • Once the price and conditions have been negotiated and a written offer has been made,

you’ll be in the position to sign your beautiful property over to new owners. Just remember that most contracts will have a five business day cooling off period.

• Once the cooling off period is over, your home is officially sold! Congratulations!

4 • Your settlement period will depend on what was negotiated at the time of the offer being

made. You can use this time to start packing and making arrangements to move to your new home.

• Make sure your home is empty and thoroughly cleaned out by the time of settlement, with the key ready to hand over to the excited new owners.

5 • Put your feet up and relax. You’ve done it!

2452 Market Place Report

2452 Market Data

1 July- 30 September 2013 Sawtell Toormina Boambee East

How many properties have sold over the last quarter? 22 25 21

What is the highest price paid in the last quarter? $780,000 $416,000 $650,000

What is the average price paid in the last quarter? $465,666 $289,200 $357,533

What is the lowest price paid in the last quarter? $217,000 $135,000 $220,000

How many properties are on the market? 51 48 48

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

20 View Drive Boambee East House 6 3 4 1040 $650,000 Aug-13

11 Lorikeet Avenue Boambee East House 5 2 2 764 $493,000 Aug-13

239 Linden Avenue Boambee East Unit 4 2 2 680 $395,000 Jul-13

7 Woodswallow Close Boambee East House 4 2 1 746 $377,000 Sep-13

11 Ringtail Close Boambee East House 3 1 1 866 $359,000 Aug-13

14 Pepperman Road Boambee East House 3 2 4 776 $355,000 Jul-13

15 Harvie Drive Boambee East House 0 0 0 701 $352,000 Jul-13

18 Jackwood Grove Boambee East House 3 1 1 319 $330,000 Aug-13

11A Worland Drive Boambee East House 0 0 0 495 $325,000 Jul-13

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

2/13A Sea Breeze Place Boambee East House 3 2 2 1256 $317,000 Jul-13

25 Ibis Drive Boambee East House 3 1 1 745 $310,000 Jul-13

8A Sandpiper Crescent Boambee East House 2 1 0 360 $300,000 Jul-13

2/11 Egret Close Boambee East Unit 2 1 1 2033 $262,000 Jul-13

2/51 Sunbird Crescent Boambee East Unit 2 1 1 710 $220,000 Jul-13

32A Paddymelon Circuit Bonville House 4 2 2 777 $507,000 Jul-13

34 Mimiwali Drive Bonville House 3 2 2 618 $436,000 Aug-13

24 Mirrimin Street Bonville House 0 0 0 466 $415,000 Jul-13

8 Letitia Place Bonville House 4 2 2 607 $370,000 Jul-13

18 Mimiwali Drive Bonville Land 0 0 0 0 $190,000 Sep-13

82 First Avenue Sawtell House 3 1 0 993 $780,000 Sep-13

140 Lyons Road Sawtell House 6 2 2 914 $680,000 Sep-13

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

31 Fifteenth Avenue Sawtell House 4 3 4 898 $635,000 Aug-13

128 Lyons Road Sawtell House 4 2 2 917 $600,000 Aug-13

11 Circular Avenue Sawtell House 2 1 1 759 $530,000 Aug-13

53 Elizabeth Street Sawtell House 3 1 1 555 $485,000 Sep-13

38 Tindara Drive Sawtell House 4 2 2 784 $470,000 Jul-13

108 Boronia Street Sawtell House 3 2 2 550 $450,000 Aug-13

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

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

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

112 Boronia Street Sawtell House 3 1 1 519 $395,000 Aug-13

148 Lyons Road Sawtell House 3 1 1 809 $360,000 Sep-13

6/38 Elizabeth Street Sawtell Unit 2 1 1 1184 $315,000 Sep-13

3/38 Elizabeth Street Sawtell Unit 2 1 1 1144 $295,000 Aug-13

1 Sixteenth Avenue Sawtell Land 4 2 0 2934 $235,000 Sep-13

2/67 Boronia Street Sawtell Unit 2 1 1 1557 $217,000 Sep-13

7 Twenty Second Avenue Sawtell House 1 1 0 582 $200,000 Aug-13

46 Amaroo Crescent Toormina House 5 3 3 1041 $416,000 Aug-13

16 Illabo Crescent Toormina House 4 3 2 1106 $366,000 Aug-13

86 Sawtell Road Toormina House 3 2 2 1467 $365,000 Jul-13

8 Mcgregor Close Toormina House 3 2 2 756 $355,000 Jul-13

23 Nariah Crescent Toormina House 3 2 2 926 $350,000 Jul-13

3/66 Sawtell Road Toormina Unit 3 3 2 278 $350,000 Jul-13

32 Alleena Drive Toormina House 3 1 0 721 $335,000 Jul-13

13 Mirroola Crescent Toormina House 3 2 0 891 $320,000 Jul-13

15 Illabo Crescent Toormina House 0 0 0 704 $310,000 Aug-13

11 Bower Crescent Toormina House 4 2 1 542 $300,000 Jul-13

30 Mcfadyn Street Toormina House 3 1 1 690 $300,000 Sep-13

28 Aquamarine Drive Toormina House 3 1 1 555 $285,000 Jul-13

1/5 Wollongba Place Toormina Unit 2 1 1 1086 $259,000 Aug-13

1/32 Sawtell Road Toormina Unit 2 1 1 823 $257,000 Aug-13

4/95 Sawtell Road Toormina Unit 3 1 1 0 $230,000 Aug-13

2/28 Lalaguli Drive Toormina Unit 2 1 1 723 $223,000 Aug-13

57 Dews Avenue Toormina House 4 0 1 575 $205,500 Aug-13

3/13 Wybalena Crescent Toormina Unit 2 1 1 2918 $202,500 Aug-13

3/12 Corambara Crescent Toormina Unit 2 1 1 877 $135,000 Aug-13

HOT HOT HOT TIP:TIP:

You can find more information on any of these properties - including photos,

by typing the address into google. As always, if you need further information or

any real estate advice you are more than welcome to contact our team.

11 Lorikeet Ave 15 Harvie Drive 7 Friendship Close 1/17 Boronia St 148 Lyons Road

11 Circular Ave 86 Sawtell Rd 16 Ilabo Crescent 23 Nariah Cres 8 McGregor Close

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