recent buys by cohen handler

www.cohenhandler.com.au

Buy the right property, at the right price


During May we saw a strong surge of investment buyers push ahead of owner occupier purchasers. With the banking sector loosening up requirements for investors, a smaller deposit proved an incentive for savvy buyers to reach out to Cohen Handler. An exciting area for predicted investment potential, and where Cohen Handler’s latest crop of investment buyers’ agents are stationed is the South West Region of Sydney.

The South West is geographically defined as the area south of Mascot swinging around in a wide arc to encompass the major outer Sydney municipalities of Liverpool, Bankstown, Cabramatta as well as numerous suburbs such as Campsie, Punchbowl and further west to Badgerys Creek.

Our South West team are predicting growth will be strong in the future as prices in the middle and inner ring suburbs have already increased beyond the budgets of most homebuyers, especially first-time purchasers who have been priced out of the inner Sydney metropolitan area in the last three years. Upcoming infrastructure projects include a government plan to convert green-field land into urban development, the South West Rail Link, and ripple effects from the approval of Badgerys Creek airport. The region is set to experience the biggest growth in the Sydney’s property market next year. Properties near upcoming infrastructure projects are tipped to experience the strongest rise in values, meaning strong capital growth, low vacancy rates and continued demand from both homebuyers and property investors.

Welcome to Recent Buys where we showcase a collection of the properties bought on behalf of our clients in the last month.

Warm regards,

Banking sector changes favour home buyers

Jeremy Bedwani | General Manager – Corporate


WOOLLAHRASYDNEY

Purchase price:

x6 Bedrooms x4 Bathrooms

Not Disclosed

This freestanding house was purchased for clients who had been searching unsuccessfully for a whopping two years! They were looking to purchase an unrenovated family home and had been unsuccessful in their search prior to consulting Cohen Handler. Just a week after working with the team, we were able to secure this fabulous four-bedroom, three-bathroom, two-car house, off-market, in one of Woollahra’s most sought after streets.

The result: a very happy client who fulfilled their dream of buying a gorgeous home!

x2 Parking


24 SEIDEL STREETPICNIC POINT, SYDNEY

Purchase price:


$850,000

These clients were working professionals with a young family. They weren’t too sure where they wanted to live, as they didn’t have a big budget and they wanted to be in a good school zoning area for their daughter. This brief was very challenging, but the clients engaged Cohen Handler to open their exposure to the entire property market.

This gorgeous, open-plan, modern home was a perfect fit for the family, and they have a fantastic backyard for their daughter to play in as well! The property represents great value buying in a competitive Sydney market.

x2 Parking


ST IVESSYDNEY

Purchase price:

x4 Bedrooms

Not Disclosed

These clients were moving from Tasmania to Sydney and wanted to knock down an existing property to rebuild their dream home. After months of searching for a patch of land in a specific location, they couldn’t find what they were looking for. Being based in Tasmania made sourcing Sydney based property.

Within three weeks of coming on board, Cohen Handler secured them an off-market property in a fantastic location. They are absolutely thrilled. Finding them a property they really wanted makes their relocation even more joyful!

x2 Bathrooms x1 Parking


29/1 FUNDA PLACEBROOKVALE, SYDNEY

Purchase price:

x2 Bedrooms x2 Bathrooms x3 Parking

$820,000

This client was looking for an apartment with potential to add value, in an an area where they could look to achieve good capital growth.

Within several weeks of looking, with the help of a buyer’s agent, they purchased a large two-bedroom apartment that could easily be converted into three bedrooms where minor modifications would add great value to the home. This is a fantastic renovation project, and over time the client will see great returns. That’s what the property ladder is all about!


32A POULTON PARADEFRENCHS FOREST, SYDNEY

Purchase price:


$1,056,000

The client had been in the marketplace for some time and had missed out on several properties before contacting Cohen Handler.

Within two weeks, we identified and secured the perfect property - one that was a little outside the box, that the client would have otherwise dismissed. It’s this sort of find that makes a buyer’s agent so valuable. Being quick off the mark saw the client purchase at a great price, even above three other buyers all trying to pursue the same property!


71/1-9 YARDLEY AVENUEWAITARA, SYDNEY

Purchase price:


$845,000

This client was looking for a long-term residence on the Upper North Shore of Sydney that was close to transport for direct access to the CBD. She also wanted a home that wouldn’t interfere with her current lifestyle too much; being close to her gym and friends were important factors.

The property Cohen Handler was seeking also needed to satisfy a few ‘must have’ items, such as updated interiors, gas cooking, a well-maintained block and decent internal size. We were lucky enough to identify the perfect property that ticked every box within the second week or working together, and purchased below the advertised asking price. Another happy client!

x2 Parking


217 DENISON STREETNEWTOWN, SYDNEY

Purchase price:


$2,950,000

The clients were a young family of five who were looking to secure their new family home. The past couple of years had been a stressful period, as they were faced with personal challenges, which led them to sell their existing home.

Their plan was to move to a completely new area, close to their kids’ school. Once they sold their home, they were temporarily renting, however their lease was due to expire.

Natalija Tanevska from Cohen Handler met with the clients to discuss their objectives. After six weeks of intense searching, Natalija was able to present a beautiful, off-market family home in Newtown. The vendors were seeking a private sale, just as Natalija’s clients were seeking a private purchase. The clients moved in one week before their lease was due to expire and couldn’t be happier with their decision.

x1 Parking


19 FISHERS RESERVEPETERSHAM, SYDNEY

Purchase price:


$1,580,000

These clients were a family of five who recently sold their first terrace and needed to secure a larger property for their growing family. They had been in the market for five months, but were busy with school sports and work commitments, and found the search for property very time-consuming.

Within three weeks of their search with Cohen Handler, the clients were able to secure a fantastic family home for $100,000 below market value. This property was not only the perfect family home, but it offered a garage, which wasn’t in their brief, and fell within their preferred school zone. The clients are ecstatic and cannot wait to move into their new family home.

x1 Parking


7/8-10 BUNDARRA ROADBELLEVUE HILL, SYDNEY

Purchase price:


Not Disclosed

This apartment block is in an exclusive part of Sydney, and the clients wanted nothing less. Simon Cohen was able to secure this four-bedroom, two-bathroom, two car unit, including a garden, for a great price. The building complex is stunning to look at, and the open, modern interior is complemented by amazing views.

This is the exact sort of home the clients wanted to find themselves in, and we couldn’t be happier to have found it for them.


4 ELLIOTT STREETNORTH BONDI, SYDNEY

Purchase price: Not Disclosed

These clients were a young family looking to purchase their first home. After searching for a year, they had been unsuccessful in securing a small house in the highly-competitive Bondi precinct within their strict budget.

They turned to Cohen Handler for its expertise in the property market, and after six weeks of enlisting the services of a buyer’s agent, the client had a fantastic four-bedroom house with double parking in their desired location. The clients were elated with their newly renovated property, and with the services of Cohen Handler.



VAUCLUSE, SYDNEY

Purchase price:


Not Disclosed

This impeccable property was purchased for a client who had been looking unsuccessfully for a year. They turned to Cohen Handler to delegate the search, and presented a brief, requiring a substantial family home with five bedrooms, four bathrooms and two spaces for parking on at least 800 square metres of land in either Bellevue Hill, Vaucluse or Dover Heights.

After several months, Cohen Handler was able to secure this stunning 1300-square metre, north-facing, six-bedroom house with harbour views in blue-chip Vaucluse!

x2 Parking


18 CRANBROOK ROADBELLEVUE HILL, SYDNEY

Purchase price:


Not Disclosed

This property was purchased for a client who had been looking for over two years and had been unsuccessful.

After falling short at many auctions, the client consulted Cohen Handler to search on their behalf. They presented a detailed brief - a four-bedroom family home in Rose Bay, Bellevue Hill, Vaucluse or Woollahra. After presenting several attractive options to the client, we managed to secure this amazing five-bedroom, four-bathroom, two-car family home in one of Bellevue Hill’s finest streets. What’s more, it was bought at well under market value. What a gem!


4/8-10 BUNDARRA ROADBELLEVUE HILL, SYDNEY

Purchase price:


Not Disclosed

This client came to Cohen Handler looking to downsize out of a large family home in Vaucluse. They wanted to be close to the city and amenities in a three-bedroom, two-bathroom, single-car apartment, located not far from Rose Bay or Darlinghurst. The apartment needed to have an abundance of northern light, a separate breakout area, no stairs and lift access from the garage.

After four weeks of searching in a dry market, the team at Cohen Handler managed to purchase an amazing, north-facing, four-bedroom apartment on over 400 square metres in blue-chip Bellevue Hill. The property was purchased by Cohen Handler after the very first open home, even among high levels of competition.


76 BUNDARRA ROADBELLEVUE HILL, SYDNEY

Purchase price:


Not Disclosed

This client was relocating from London with his family and needed a substantial family home. After living overseas for over 10 years, the client was out of touch with the aggressive Sydney property market. Bringing on the services of Cohen Handler, the client was able to see a vast number of pre- and off-market properties.

In just eight weeks, Cohen Handler was able to secure a beautiful family home in blue-chip Bellevue Hill prior to it hitting the market.

x1 Parking

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INVESTMENT PROPERTIES

12/1 IRON STREET, NORTH PARRAMATTA, SYDNEY45 VIEW STREET, WOOLOOWIN, BRISBANE86 MCCONNELL STREET, BULIMBA, BRISBANE28 KITCHING WAY, CURRANS HILL, SYDNEY17/25 ELIZABETH STREET, PARRAMATTA, SYDNEYWAVERLEY, SYDNEY12/121 NEW CANTERBURY ROAD, PETERSHAM, SYDNEY34/125 EUSTON ROAD, ALEXANDRIA, SYDNEY


12/1 IRON STREETNORTH PARRAMATTA, SYDNEY

Purchase price:


Not Disclosed

These clients had been looking for a number of months, and had absolutely no luck in their search for the best property. They really just needed some guidance on where to buy, which is where the services of Cohen Handler buyer’s agent Felix Taing came in handy. With a young family, time was always against them and they didn’t have the luxury to research and inspect properties full-time.

The unit the clients ended up with provides a fantastic opportunity to grow with their family. More happy families!

x1 Parking


45 VIEW STREETWOOLOOWIN, BRISBANE

Purchase price:


$2,055,000

Five investors were all looking for a sub-$400,000 investment property in the opportunistic Brisbane market, so employing a buyer’s agent was always going to be their best bet. To achieve an even greater under-market price, they each purchased within a single block of six units, with one party buying two inside the complex.

Each unit was individually purchased for $342,500, are all north facing and have tenants paying between $330 and $350 per week. They now have full control of the land and site, and it’s an investment that’s paying off already.

x8 Parking


86 MCCONNELL STREETBULIMBA, BRISBANE

Purchase price:


$875,000

The client was an investor who wanted to diversify their portfolio outside of Sydney and looked to Brisbane’s premium house market to achieve their goals. With the rehearsed auction strategy of a buyer’s agent, we were able to secure the property for $51,000 less than the most recent sale in the street for a similar home.

As an investor, this client was delighted that we were able to secure this property for under the market value, and the capital gains off the bat will only sweeten the deal.

x2 Parking


28 KITCHING WAYCURRANS HILL, SYDNEY

Purchase price: $576,200

As a first-time investor, this client had been looking for over a year without catching any breaks on the market. That perfect first investment property was just hiding away! They weren’t confident with negotiations or picking the right property, but with the help of a buyer’s agent, we purchased for them within five weeks.

This property went under contract to another party for $580,000, however it fell through due to external financial restrictions. The selling agent had a great relationship with the buyer’s agent, who phoned us up and we secured the property straightaway at a lower price. Brilliant.



17/25 ELIZABETH STREETPARRAMATTA, SYDNEY


The client was a first-time investor who wanted to build an investment portfolio over time. He was concerned with making the wrong decision because of his lack of experience, and needed the right guidance and support to make an informed decision. The services of a Cohen Handler buyer’s agent couldn’t have been better placed.

The property was purchased mid-week, it needs a paint job and new carpets, estimated to cost $6,500. but once renovated, it will be worth upwards of $550,000.



WAVERLEYSYDNEY


This client is a seasoned investor who had recently missed out on a number of properties. There was one that he really liked back in February - he had put an offer in for $785,000, but it was rejected. Frustrated, he engaged Cohen Handler buyer’s agent Simon Tasievski, who bought him the exact same two-bedroom, one-bathroom, single car property in Waverley that he had missed out on. This time, however, he secured it for $762,500.

Now also fully furnished with brand new furniture, and with a tenant already paying $650 per week, the client has zero days’ loss-of-rent upon settlement. He is absolutely ecstatic with the result we achieved for him!



12/121 NEW CANTERBURY ROADPETERSHAM, SYDNEY


This investor client had a very challenging budget and had been looking at all kinds of properties that wouldn’t have made him any long-term capital gains. He had considered off-the-plan in Melbourne and Sydney but luckily, his financial instincts kicked and he pulled out.

Feeling frazzled and confused, his mortgage broker suggested he speak with Cohen Handler. Having been so consumed in his search, he understood the expertise and value Cohen Handler offers. After searching the suburbs, Elaine Davies took her client through this property on a Wednesday, and purchased it just two days later for $560,000 - well under market value.



34/125 EUSTON ROADALEXANDRIA, SYDNEY


The client was a first home buyer who was referred to Natalija Tanevska at Cohen Handler by a past client. He had inspected almost 40 properties on his own before approaching Natalija, but was not inspired by them at all. Stock levels were very low, and many of the properties the client was looking at had major strata issues.

He was becoming frustrated with the process and felt he wasn’t able to find the right opportunity. Within two weeks of his search with Natalija, she was able to secure a fantastic one-bedroom apartment with parking in a modern building and great location. The apartment was bought pre-auction for a great price thanks to Natalija’s established relationship with the real estate agent. The client was thrilled with the outcome!



“IN ANY GIVEN MOMENT WE HAVE TWO OPTIONS:TO STEP FORWARD INTO GROWTH,OR TO STEP BACK INTO SAFETY”

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Our culture encourages the team to commit to self mastery that naturally improves both business and life skills.We consider every one as business owners, we help our people learn to run and manage businesses.

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110 Brougham Street, Potts Point, NSW 2011


recent buys by cohen handler

Real Estate