A record breaking million dollar view | 21 Galbraith Close, Banks

(02) 6296 7077 | peterblackshaw.com.au

Tuggeranong Market Review | October 2015

Contents

Page Contents

1. Welcome | Market Review

2-3. Sales Case Study & Snapshot

4-5. Rental Case Study & Snapshot

6-7. Investment Spotlight & Opportunities

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 the October edition. We are heading right into the throes of a healthy and active marketplace, a positive and enjoyable time for sellers, buyers and real estate professionals. The market over the past four weeks has really felt the effects of buyer confidence, with homes selling on average across Tuggeranong 20 days less than the previous month. Interestingly, the median price also jumped by over 7% to last month, with an increase in homes at the upper end being snapped up by purchasers. In addition, our Sales Team have performed exceedingly, with all auction campaigns over the past 6 weeks recording 100% success rate (on or before the day of the auction). A standout private treaty sale worth mentioning (as featured) is 21 Galbraith Close Banks, breaking the suburb record by $70,000! An excerpt from The Investment Property Magazine – September ‘15 report states, “The starting point for Canberra house prices is already high with a median price of $590,000 so we are unlikely to see double-digit growth but it is quite possible that growth could exceed much of the rest of Australia. House prices are increasing, though at a modest pace. The auction clearance rate has been above 80%, similar to Sydney’s.” The volume of purchaser groups coming through weekend opens has increased with the Spring market and although it is expected that newly listed homes will continue to attract more visitors, our sales team have also recorded a positive increase in group numbers visiting homes that have been on the market for more than 4 weeks. A high number of these homes have performed quite well, with purchasers being secured with our team with refreshed enthusiasm from competitor agencies. We look forward to reporting again next month and hopefully these conditions will continue right through until the end of the year.

WELCOME NOTEOctober ‘15

1.

2.

21 Galbraith Close,Banks SOLD $1,050,000

AGENT Robert Peaker | 0412 726 025

DAYS ON MARKET61

BUYERLocal family with growing children looking to upsize and live a more comfortable lifestyle

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

HOME FEATURESStunning views from multiple large balconies, huge living areas, five car garaging, spacious loft, generous living areas

CASE STUDYRECORD PRICE

First home ever to sell over $1m in Banks.

2.

RECORD PRICE

First home ever to sell over $1m in Banks.

MONTHLYSALESSNAPSHOT

Oct ‘15Properties currently listed (as of 16th Sept ‘15) 356

Properties sold 93

Total value of sales $48,058,200

Tuggeranong Record (Kambah) $1,295,000

Average sale price $516,754

Median sale price $506,000

Highest sale price (Banks) NEW SUBURB RECORD $1,050,000

Lowest sale price (Bonython) $285,000

Days on market (Tuggeranong Region Average) 56.2

% of homes reaching agreement 19.6%

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

2014 2015 Projected

Median Sale Price (tuggeranong region)

9th oct: jo taylor trio

6th nov: in Full Swing w/canberra gay & leSbian Qwire

4th dec: the here and now duo

average dayS on Market (tuggeranong region)

LEASED BYRachel Tynan | Leasing Consultant

DAYS ON MARKET 36

CONFIGURATION5 Bed | 3 Bath 2 Garage

MARKETING CAMPAIGNPremium Marketing Package

HIGHLIGHTSWalk in robe to main bedroom plus ensuiteCombustion heating and reverse cycle in upstairs roomOpen plan living Paved outdoor area - great for entertaining

RESULTRented to a large local family looking for a new home but wanting to stay in the area.

9 Crampton Place,Fadden $650 p/w

4.

CASE STUDY

MONTHLYRENTALSNAPSHOT

Properties available (Tuggeranong Region as of 16th Sept ‘15) 165

Properties rented (Tuggeranong Region) 115

Lowest rental price (Wanniassa) $220p/w

Highest rental price (Fadden) $650p/w

Average rental price $426p/w

Median rental price $410p/w

Average days till rented (Region average) 28

Average days till rented (Our team average) 23

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

“Spring has had an exciting start this year, with twice as many potential tenants coming to inspect properties for rent – just one of the

positive signs to some increases in rent heading towards the end of the year.

Our team secured the highest price paid for a

rental property in Tuggeranong for this month.”

Heidi Russell Director of Property Management

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

6572249

593

79

1102%

Total registeredtenants

Tenants looking now

Vacancy Rate

Enquires

Applications received

Total inspections conducted

INVESTMENTSPOTLIGHT

AGENTRobert Peaker | 0412 726 025

CURRENT ASKING PRICE$645,000+

FEATURES• Top floor apartment• Huge balcony with views over the common

areas with manicured gardens• Main bedroom with plenty of storage in

walk in robe• Video Intercom to apartment and car park• Reverse cycle heating and cooling• Down lights• Bedroom two with built in• European laundry with dryer and shelving• Main bathroom has single sink and floor to

ceiling tiles• Walk to Kingston/Kingston Foreshore/

Manuka shops• Electric cooking• Plush carpet

CURRENT OCCUPANCYLeased until April 2016

RENTAL RETURN$600 p/w

50/20 Eyre Street,Kingston

6.

INVESTMENTOPPORTUNITIES

44/5 Burnie Street, Lyons 99/98 Corinna Street, Phillip

98/73 College Street, Belconnen11/21 Tennison Woods Cirt, Bonython

Current asking price: $499,000+

Currently rented for:$500 p/w

Lease expires:Month to month

Listing Agent:Samantha Hague | 0431 846 866

Current asking price: $349,000+

Currently rented for:$430 p/w

Lease expires:June 2016

Listing Agent:Brian McPherson | 0401 354 540

Current asking price: By Negotiation

Currently rented for:$400 p/w

Lease expires:December 2015

Listing Agent:Maurice Dunne | 0401 413 142

Current asking price: $320,000+

Currently rented for:$335 p/w

Lease expires:Month to month

Listing Agent:Robert Peaker | 0412 726 025

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 Events9/10 Jo Taylor Trio at Tuggeranong Arts Center

24/10 Covenant College Car Boot Sale

30/10 Caroline Chisholm School Fete

6/11 In Full Swing w/Canberra Gay & Lesbian Qwire at Tuggeranong Arts Center

14/11 St Francis of Assisi Fete

4/12 The Here and Now Duo at Tuggeranong Arts Center

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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