Page 1 Sales and investment report: âWhen will it all end?â This is ...
Ray White Unlimited
Ray White Bondi Beach
Client Edition Ray White Unlimited | Bondi Beach Making Sense - March 2017
By Ron Bauer
Sales and investment report: “When will it all end?” This is perhaps the most asked question of the moment. There has been plenty of media speculation - and let’s agree that’s all it is, because nobody actually knows – that the market is due to crash, that prices can’t be sustained. But on the other side of the ledger, there is discussion now around an inability to raise interest rates because it would have too big a negative impact. Sorry but no committed answer from me on this one, we can only report what we see and our experience from within. On that side, indicators are that the market is continuing to be pretty strong. Plenty of enquiries, plenty of buyers at inspections and near-perfect clearance rates at Auction. History has shown that ‘what goes around comes around’, we go through cycles and yes, it feels like this one ought to be in its latter stages. But we also know that each cycle pans out differently. ‘88/’89 was a brief and sudden rise followed by a flat line and slow growth for some time. But ’97–2003 was a longer and stronger period – much like we see now. And although there was a ‘correction’ thereafter, it was minor and brief, only perhaps 2-3 years before prices had moved beyond their previous peaks. So what’s coming? For now, all we see is more of the same.
“
“
Not how many, not how fast - it´s how well! “Agents spend most of their time chasing new clients, I spend the time looking after mine”... Ron Bauer. Many agents spend as much as 90% of their time prospecting for new business. That leaves only 10% to look after the clients they have or find! With over 25 years of local experience, it makes sense to call Ron Bauer if you want to achieve the best possible price for your property.
Thank you for your continued support and please call me personally anytime if we can be of further assistance in any way. Yours Faithfully, Ray White Unlimited | Bondi Beach
RON BAUER Director/Principal
Open Invitation Would you like to get a ‘feel’ for the market? Please come along to one of our next Auctions being held on: Wednesday 12th & 26th April, 6.30pm Venue: Club Rose Bay, Cnr Vickery Ave & New South Head Rd, Rose Bay “The only quality Eastern Suburbs venue with lift access and easy parking” For an order of sale 1 day prior, please email [email protected] or call the office
So ld
4
Bondi
Bondi
Bondi
Bondi Beach
Castlefield Street SOLD
Castlefield Street SOLD
Castlefield Street SOLD
Brighton Boulevard $843,000
So ld
So ld
3
So ld
So ld
2
So ld
1
So ld
So ld
Some recent sales:
5
6
7
8
North Bondi
Bondi
North Bondi
Bondi Beach
Glenayr Avenue $1,465,000
Bondi Road $711,000
Warners Avenue $930,000
Francis Street $5,400,000
se d
3
Le a
se d
2
Le a
se d
1
Le a
Le a
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Some recent lettings:
4
Bondi Beach
Rose Bay
Bellevue Hill
Bondi Junction
Jaques Avenue $625pw
Old South Head Road $500pw
Bellevue Road $600pw
Porter Street $1,195pw
So ld
Sold above the reserve on behalf of our Management Client!
1
2
North Bondi, Hastings Parade Sold over $600,000 above reserve Mr A is a very happy client!
We are pleased to present our... ‘Investment Property Of The Month’
1
4/116 Curlewis St, Bondi Beach Seaside Art Deco • North facing corner position • Double bedroom w/ built-ins • High ceilings, timber flooring • Modern open plan design View: Sat & Thur 12-12.45pm Auction: Wed 26 April, 6.30pm, Club Rose Bay
Price Estimate: $800,000+ Opinion of Market Rent: $700 - $770pw Special Features: Just a couple of hundred metres to the beach, car space - great investment opportunity!
Are you considering selling your investment property? We take great care and employ every resource to ensure that sales on behalf of our management clients achieve the very best in service and price. If you require any advice or assistance in regards to buying or selling, please contact me directly anytime. Confidentiality and experienced advice assured.
Your Team Principal: Ron Bauer Sales: Monica Shor, Melanie Lahoud, Hamish McMaster, Lisa Dwyer, Phabien Thompson, Paula Simoes, Natalia Kuzyk Property Mgt: David Germane, Amoula Kemeny, Joanne Saffer, Lena Lahood, Chris Papp, Emma Whaling, Joey Shatari Admin: Karen Gosbell, Karen Bauer, Susie Kemeny, Jeanette Misiak, Romy Rodriguez Reception: Nina Costanzo
52 Blair Street, North Bondi NSW 2026 Ph: 9365 5888 | Fax: 9365 5822 rwunlimited.com.au
25 Hall Street, Bondi Beach NSW 2026 Ph: 9365 5888 | Fax: 9365 5822 raywhitebondibeach.com.au
Ray White Bondi Beach
Client Edition Ray White Unlimited | Bondi Beach Making Sense - March 2017
By Ron Bauer
Sales and investment report: “When will it all end?” This is perhaps the most asked question of the moment. There has been plenty of media speculation - and let’s agree that’s all it is, because nobody actually knows – that the market is due to crash, that prices can’t be sustained. But on the other side of the ledger, there is discussion now around an inability to raise interest rates because it would have too big a negative impact. Sorry but no committed answer from me on this one, we can only report what we see and our experience from within. On that side, indicators are that the market is continuing to be pretty strong. Plenty of enquiries, plenty of buyers at inspections and near-perfect clearance rates at Auction. History has shown that ‘what goes around comes around’, we go through cycles and yes, it feels like this one ought to be in its latter stages. But we also know that each cycle pans out differently. ‘88/’89 was a brief and sudden rise followed by a flat line and slow growth for some time. But ’97–2003 was a longer and stronger period – much like we see now. And although there was a ‘correction’ thereafter, it was minor and brief, only perhaps 2-3 years before prices had moved beyond their previous peaks. So what’s coming? For now, all we see is more of the same.
“
“
Not how many, not how fast - it´s how well! “Agents spend most of their time chasing new clients, I spend the time looking after mine”... Ron Bauer. Many agents spend as much as 90% of their time prospecting for new business. That leaves only 10% to look after the clients they have or find! With over 25 years of local experience, it makes sense to call Ron Bauer if you want to achieve the best possible price for your property.
Thank you for your continued support and please call me personally anytime if we can be of further assistance in any way. Yours Faithfully, Ray White Unlimited | Bondi Beach
RON BAUER Director/Principal
Open Invitation Would you like to get a ‘feel’ for the market? Please come along to one of our next Auctions being held on: Wednesday 12th & 26th April, 6.30pm Venue: Club Rose Bay, Cnr Vickery Ave & New South Head Rd, Rose Bay “The only quality Eastern Suburbs venue with lift access and easy parking” For an order of sale 1 day prior, please email [email protected] or call the office
So ld
4
Bondi
Bondi
Bondi
Bondi Beach
Castlefield Street SOLD
Castlefield Street SOLD
Castlefield Street SOLD
Brighton Boulevard $843,000
So ld
So ld
3
So ld
So ld
2
So ld
1
So ld
So ld
Some recent sales:
5
6
7
8
North Bondi
Bondi
North Bondi
Bondi Beach
Glenayr Avenue $1,465,000
Bondi Road $711,000
Warners Avenue $930,000
Francis Street $5,400,000
se d
3
Le a
se d
2
Le a
se d
1
Le a
Le a
se d
Some recent lettings:
4
Bondi Beach
Rose Bay
Bellevue Hill
Bondi Junction
Jaques Avenue $625pw
Old South Head Road $500pw
Bellevue Road $600pw
Porter Street $1,195pw
So ld
Sold above the reserve on behalf of our Management Client!
1
2
North Bondi, Hastings Parade Sold over $600,000 above reserve Mr A is a very happy client!
We are pleased to present our... ‘Investment Property Of The Month’
1
4/116 Curlewis St, Bondi Beach Seaside Art Deco • North facing corner position • Double bedroom w/ built-ins • High ceilings, timber flooring • Modern open plan design View: Sat & Thur 12-12.45pm Auction: Wed 26 April, 6.30pm, Club Rose Bay
Price Estimate: $800,000+ Opinion of Market Rent: $700 - $770pw Special Features: Just a couple of hundred metres to the beach, car space - great investment opportunity!
Are you considering selling your investment property? We take great care and employ every resource to ensure that sales on behalf of our management clients achieve the very best in service and price. If you require any advice or assistance in regards to buying or selling, please contact me directly anytime. Confidentiality and experienced advice assured.
Your Team Principal: Ron Bauer Sales: Monica Shor, Melanie Lahoud, Hamish McMaster, Lisa Dwyer, Phabien Thompson, Paula Simoes, Natalia Kuzyk Property Mgt: David Germane, Amoula Kemeny, Joanne Saffer, Lena Lahood, Chris Papp, Emma Whaling, Joey Shatari Admin: Karen Gosbell, Karen Bauer, Susie Kemeny, Jeanette Misiak, Romy Rodriguez Reception: Nina Costanzo
52 Blair Street, North Bondi NSW 2026 Ph: 9365 5888 | Fax: 9365 5822 rwunlimited.com.au
25 Hall Street, Bondi Beach NSW 2026 Ph: 9365 5888 | Fax: 9365 5822 raywhitebondibeach.com.au
