tuggeranong market review | february 15
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Tuggeranong Market Review(02) 6296 7077 | peterblackshaw.com.au
Proudly supporting the Tuggeranong Community
Celebrating Australia Day | 26th January 2015
AGENTBrian McPherson | 0401 354 540
DAYS ON MARKET 6
HOME FEATURESMany buyers commented on the marvellous feeling of space and the flowing floor plan that provided excellent flexibility for the modern lifestyle. Our vendors maintained the property over the years & the presentation was immaculate throughout including outside. Good presentation, being a lot of little things that combine to give a good impression to buyers, can never be underestimated. Further accommodation consisted of four bedrooms plus a study, well-zoned from the living areas. The inspection was a pleasure for buyers and a tantilising opportunity for the lucky buyer. BUYERLocal Kambah family who wanted to stay in the area. They love the convenience of the location and appreciated the close proximity to Urambi Hills walking trails.
MARKETING CAMPAIGNProfessional photographyPremium website packagePlanned exhibitions were to include mid week, weekend open houses and private inspections by appointment.
RESULTKambah has many growing families. The combination of excellent family accommodation and an attractive location confirmed that good family homes are in demand.
70 Learmonth Drive,Kambah SOLD $670,000 CASE STUDY
MONTHLYSALESSNAPSHOT
Jan/Feb ‘15Properties currently listed (as of 16th Jan ‘15) 315
Properties sold 77
Total value of sales $37,217650
Tuggeranong Record (Kambah) $1,295,000
Average sale price $483,346
Median sale price $465,375
Highest sale price (Kambah) $832,500
Lowest sale price (Kambah) $265,000
Days on market (Tuggeranong Region Average) 79.5
% of homes reaching agreement 13.7%
Source PBRE research & allhomes.com.au. Reported dates 16th Dec ‘14 to 15th Jan ‘15
Volume sold by month (2014)
Highest and lowest sales prices (2014)
Total Sales Stock on Market
RENTAL CASE STUDY
LEASING CONSULTANTHeidi Russell | Leasing Co-ordinator(02) 6296 [email protected]
DAYS ON MARKET Rented within 7 days
CONFIGURATION4 Bed | 2 Bath 2 Garage
MARKETING CAMPAIGNProfessional photosPremium Marketing Package
RESULTSmall family moving due to selling their family home and wanting a change of scenery.
6 Spiers Place,Wanniassa Rented $550 p/w
MONTHLYRENTALSNAPSHOT
Properties available (Tuggeranong Region as of 16th Jan ‘15) 292
Properties rented (Tuggeranong Region) 97
Lowest rental price (Kambah, Calwell, Bonython) $300p/w
Highest rental price (Conder) $750p/w
Average rental price $430p/w
Median rental price $420p/w
Average days till rented (Region average) 41.6
Source PBRE Research, ABS & allhomes.com.au. Date range 16th Dec ‘14 to 15th Jan ‘15
Rental MaRket WRap The New Year has kick started with positivity, enquiry levels on advertised properties at healthy levels. We are happy to see young people who once moved to the North of Canberra moving back into the Tuggeranong region, appreciating the more established aspect Tuggeranong has to offer. Our online booking system has been well utilised with over 2500 tenants currently registered with us, looking for accommodation in the next 4 - 6 weeks. Whilst rental returns are remaining steady, tenants overall are happily committing to new leases which is providing good security for both tenants and lessors. According to Corelogic RP data, Canberra overall experienced an average loss in rent of 5%. Looking at the Tuggeranong Region in isolation, it seems that this loss was felt more in the inner and north areas as apposed to Tuggeranong.
24
Regional Average
Heidi Russell Property Management [email protected] | (02) 6296 5595
Total Sales
41.6
Stock on Market
Our Team
“Moving into the next three months and looking back to last year’s results, the graph below shows the average days until rented for the
period Feb - April 2014. This month’s reported results are on the right.”
HAPPY NEW YEARPOSITIVE OUTLOOK
Robert PeakerPrincipal | Peter Blackshaw [email protected] Agent Canberra South Real Estate Pty Ltd ABN 53 106 779 506
02 6296 7077 | peterblackshaw.com.au
Welcome to the first edition for 2015.
With Australia Day almost upon us, we felt it was timely that we thank and acknowledge our many customers and suppliers that help make our local Tuggeranong business as successful as it is. We sincerely thank you for your support and wish you and your families a wonderful year ahead.
Over the last month we have experienced a change of pace, with the large volume of pre Christmas sales easing the congestion of available listings. Buyer activity has also reflected a similar path, with a sudden drop of over 7.5% of stock having reached agreement with a purchaser. This doesn’t necessarily reflect a lack of buyers in the market, as the seasonal holidays are still in effect for a lot of families, and a large percentage of buyers placing their plans on hold until the end of January when the school academic year commences.
Our office recorded 20 sales for December and some great stories have emerged from these, recording some fabulous results. Nine of these sales were made in a standout effort by sales agent Kate Shaw. This was a fantastic effort by Kate, and the vendors could enjoy their Christmas and New Year without the standard disruptions that occur with a home sale. Well done to our entire sales team, selling homes throughout this period on average 18 days quicker than the regional average.
Looking into 2015, stability is tipped for the Canberra property market, as low interest rates are predicted to continue, which will continue to make the market even more appealing to the first home buyer category.
Tuggeranong arTs PresenTs:
TwilighT ClassiCal MusiC ConCerT series
(FirsT oF 4 ConCerTs)
Music for Valentine’s Day sunday 15Th February
FeaTuring:
Violinist lauren DaVis anD the riVerina Chamber orChestra
Plus, the best loCal talent from Canberra anD surrounDing regions
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
Saturday 24th August2:00pm
Collectables, jewellery, toys, English China, furniture & much more!
24th Birthday SaleAuction
Everyone welcome!
Vinnies TuggeranongCorner of Athlon Drive &
Pitman St, Greenway(02) 6234 7300
Tuggeranong
This event is proudly supported by our Tuggeranong office (02) 6296 7077
If you are interested in having us sponsor your event please contact:
Are you seeking assistance with a Tuggeranong community event?
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.
02 6296 7077 | peterblackshaw.com.au