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Tuggeranong Market Review | September 2015

Contents

Page Contents

1. Welcome | Market Review

2-3. Sales Case Study & Snapshot

4-5. Rental Case Study & Snapshot

6-7. Styling Tips

8. Our Community

9. Our Partners - Tuggeranong United FC

Amy PeakerBusiness Manager | Licenseeapeaker@peterblackshawtuggeranong.com.au | 0402 261 156Lic Agent Canberra South Real Estate Pty Ltd ABN 53 106 779 506

Welcome to September edition and the first for Spring ‘15.

Entering the warmer and busier real estate months of the year, traditionally the vibe improves for home sellers. The question still begs to be asked, “are market conditions such, that my home could attract a premium?”

Andrew Wilson, chief economist at Domain reported, “Canberra has had a good start to the year and the property market is certainly looking better,” he says. “Domain recorded three consecutive quarters of growth in Canberra for the first time in four years. Canberra saw the highest auction clearance rates in four years and the highest auction volumes in six years.”

Although the surge of newly listed homes hasn’t yet hit the market for Spring, industry contacts involved in the pre-listing stage for owners have all had record months, proving that it is on it’s way. This is good news for the increased number of buyers & Mr Fluffy home owners waiting to secure an ideal home. For sellers there is still an opportunity to avoid competing with the additional stock, the majority of these ‘new listings’ are not predicted to hit the market until late October.

Looking at the August results, Tuggeranong’s sale volume dipped slightly whilst all other market indicators remained steady. Of the sale prices noted, the majority were strong results with the highest price being recorded for 19 Sparkes Close, Fadden. Average days till sold remained at 76 days.

WELCOME NOTESeptember ‘15

1.

18 Roope Close,Calwell SOLD $400,000

AGENT Rick Dickson | 0419 208 353

DAYS ON MARKET17

BUYERYoung couple having their first child and wishing to upsize to a family home.

MARKETING CAMPAIGNProfessionally styledStandard photo signboardPremium website marketingVIP purchaser alert through current contactsSaturday and twilight open homesProfessional photography

HOME FEATURESLocated on an elevated street position with a spacious enclosed covered outdoor entertaining area/sunroom. The home backs onto a reserve and is only a few minutes walk to Calwell shopping centre and public transport. Accommodation included three good sized bedrooms all with built in robes, multiple living spaces and a functional kitchen.

CASE STUDY

2.

MONTHLYSALESSNAPSHOT

September ‘15Properties currently listed (as of 16th Aug ‘15) 339

Properties sold 85

Total value of sales $43,247,110

Tuggeranong Record (Kambah) $1,295,000

Average sale price $508,790

Median sale price $470,000

Highest sale price (Kambah) $972,000

Lowest sale price (Bonython) $290,000

Days on market (Tuggeranong Region Average) 76.9

% of homes reaching agreement 21%

Source PBRE research & allhomes.com.au. Reported dates 16th July to 15th Aug ‘15

Brian McPherson0401 354 540

Meet Our SaleS PrOfeSSiOnalS

Maurice Dunne0401 413 142

Lyndon Costin0413 701 073

Robert Peaker0412 726 025

Rick Dickson0419 208 353

Ben Hoitink0431 250 627

96 96 68

209

77 55

125 122 123 95 97 85

0

50

100

150

200

250

300

350

400

450

500

Aug    14   Sept  14   Oct  14   Nov  14   Dec  14   Feb  15   Mar  15   Apr  15   May  15   June  15   July  15   Aug  15   Sept  15  

a lOOk Back at the tuggeranOng regiOn

On market Sold

Samantha Hague0431 846 866

LEASED BYRachel Tynan | Leasing Consultant

DAYS ON MARKET 17

CONFIGURATION3 Bed | 1 Bath 3 Garage

MARKETING CAMPAIGNPremium Marketing Package

HIGHLIGHTSBrand new kitchen and bathroomReverse Cycle h eating and coolingSunny combined lounge dining + meals / family roomFreshly renovated with new carpet and paint.

RESULTRented quickly to a top quality tenant who just recently sold their property.

32 Stacy Street,Gowrie $450 p/w

4.

CASE STUDY

MONTHLYRENTALSNAPSHOT

Properties available (Tuggeranong Region as of 16th Aug ‘15) 170

Properties rented (Tuggeranong Region) 131

Lowest rental price (Gowrie) $280p/w

Highest rental price (Conder) $750p/w

Average rental price $433p/w

Median rental price $430p/w

Average days till rented (Region average) 34

Average days till rented (Our team average) 19.7

Source PBRE Research, ABS & allhomes.com.au. Date range 16th July to 15th Aug 15

“There is no need to put up with a property manager who is unresponsive and who takes days to get back to you.

Switching to a professional property manager will mean a better level of service and a greater return on your

investment”

Heidi Russell Director of Property Management

hrussell@peterblackshawtuggeranong.com.au | (02) 6296 5595

5969179

433

43

1073.1%

Total registeredtenants

Tenants looking now

Vacancy Rate

Enquires

Applications received

Total inspections conducted

Welcome to the September segment of ‘styled to sell’. This month I have looked at the small changes you can start to make, in order to help get your home looking its best in todays market.

The Role

My position at Peter Blackshaw Tuggeranong evolved from a lack of hands on assistance available for those needing practical help and direction to present their home to the marketplace.

By utilising tools you may not even realise you have, I can provide you with additional cost effective ideas in all areas of styling, organisation, and placement of existing home furnishings and ornamentals.

Most vendors intending on presenting a home to the market may appreciate how an alternate, and completely neutral opinion could dramatically effect how a purchaser could either count or discount a home at a first viewing.

If you would like some help, please contact me.

STYLING TIPSBY REBECCA BISA

Rebecca Bisa

A Complimentary Service

6.

Starting the smaller maintenance jobs around your home when you first consider a move, will serve you much better and make

life a little easier than leaving it all till the last

minute.

To avoid feeling completely overwhelmed, start writing

a list of everything that will need to be completed prior to your home going to market. Start working

through the house one space at a time. Most future home

sellers do tend to try and achieve too much all at once. This results in jobs not being completed at all - or being

continually put off.

Here are some tips to get you started:

• Start out simple by clearing out kitchen cupboards.

• Start a donation box of goods in your house that you no longer

need.

• Clear benches and surfaces, leaving minimal items on

display.

• Clean garden beds in Autumn before new spring growth.

Pack away items in advance that you know will not be

needed until you have moved.

• Start wiping over cupboards and doors, removing

fingerprints from light switches, power points and door

frames.

Replace light globes that may have blown, clean exhaust

fans and heating vents.

• Give away, or sell items that the family have outgrown.

These might include board games, books and puzzles.

SELLING OR MOVING SOON?

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

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

Are you seeking assistance with a Tuggeranong community event?

8.

Upcoming Events17/9 Tuggeranong College Musical & 25th Anniversary Celebration

24/10 Covenant College Car Boot Sale

30/10 Caroline Chisholm School Fete

14/11 St Francis of Assisi Fete

OUR PARTNERSTUGGERANONG UNITED FOOTBALL CLUB Football Club

Est. 1976

9.

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.

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