recent sales & recently leased

YourProperty TM Mount Colah is unique! Rental Marketplace SYNOPSIS and FORECAST Sales Marketplace SYNOPSIS and FORECAST Over the last 3 months, demand and supply of rental property Well it’s July already and in the past quarter (from April to June) has remained ‘in balance’, meaning demand has met supply. the residential property market has maintained solid Thus most properties are leased within a couple of weeks of growth at 1.8% (source: Corelogic). being on the market, overpriced properties, properties in poor condition or properties with location or design issues always Demand for houses in Hornsby and surrounding suburbs has take longer to lease. remained high, however demand for apartments has fallen slightly as supply catches up with local demand. Two bedroom Tenant expectations are higher than ever. Premium rentals are apartments continue to be the most sought after. Auctions being achieved for clean, well presented properties - units, remain steady. apartments, granny flats, townhouses and houses in the in particular. Furthermore, with strong employ- As we look forward beyond July 2017, the unemployment rate is ment levels, tenants are paying their rent on time at the start of at an historic low level; the Reserve Bank has kept interest rates each rental period. on hold and new stamp duty incentives for First Home Buyers kick in. Generally Tenants treat their ‘rental home’ as if it were their own and take care of its presentation. The John Pye Real Estate rent So, conditions are ideal to implement the next phase of your roll features:- own investment strategy – or just sell up and downsize! • Low arrears – rents paid on time • Low vacancies – due to market demand Happy Hunting! • Low level of disputes over property condition at the end of each tenancy. Tribunal hearings are rare.

There has never been a better time to be an Investor with a property and its tenant under John Pye Real Estate’s manage- ment responsibility. APRIL - JUNE 2017 MOUNT COLAH SALES

10 Red Cedar Drive 17 Lord Street

3 1 2 691 m2 3 1 3 1,220 m2

$1,118,000 | In 24 days $1,722,000 | In 24 days

9 Northumberland Avenue 8 Burra Close

4 3 3 701 m2 4 2 1 816 m2

$1,250,000 | In 16 days $966,000 | In 14 days

46 Belmont Parade 5 Burra Close

3 1 1 1,067 m2 3 1 2 1,157 m2

$1,389,000 $945,000 | In 22 days

5 Neridah Avenue 33 Amaroo Avenue

3 1 1 898 m2 5 3 2 997 m2

$1,200,000 | In 21 days $1,720,000 | In 28 days

34 Janita Crescent 14 Sue Place

3 1 3 1,100 m2 4 2 2 637 m2

$1,220,000 | In 24 days $1,300,000 | In 45 days

34 Excelsior Road 9 Jordan Close

3 1 1 347 m2 5 3 2 811 m2

$967,500 | In 22 days $1,550,500 | In 30 days

17 Foxglove Road 16 Northview Place

6 3 2 1,100 m2 3 2 1 815 m2

$1,535,000 | In 53 days $1,175,900

94 Parklands Road

4 2 2 563 m2

$1,080,000 | In 22 days

559 Pacific Highway

4 2 2 548 m2

$1,272,500 | In 23 days APRIL - JUNE 2017 MOUNT COLAH RENTALS

17 Lord Street 3A Neridah Avenue 3 1 3 1,220 m2 2 1 3

$1,722,000 | In 24 days $480 Per Week

8 Burra Close 8 Cowan Road

4 2 1 816 m2 5 2 2

$966,000 | In 14 days $580 Per Week

5 Burra Close 19B Grey Gum Road

3 1 2 1,157 m2 4 2 1

$945,000 | In 22 days $700 Per Week

33 Amaroo Avenue 25 Excelsior Road

5 3 2 997 m2 2 1 2

$1,720,000 | In 28 days $480 Per Week

14 Sue Place 26 Kuring-Gai Chase Road 4 2 2 637 m2 3 2 1

$1,300,000 | In 45 days $650 Per Week

9 Jordan Close 2A Beryl Avenue

5 3 2 811 m2 5 3 2

$1,550,500 | In 30 days $750 Per Week

16 Northview Place

3 2 1 815 m2

$1,175,900

John Pye Real Estate™ QUALITY OF LIFE through EMPOWERED SERVICE®

MOUNT COLAH DEMOGRAPHICS

Information is based on the last census taken in 2011

Area 11 km 2 Population 7,103 Total number of dwellings 2,389 Change in population 1% increase since 2006 census Predominant age group 0-14 years Household structure 59% of households have children 22% are couples

MOUNT COLAH HOUSE SALE STATISTICS MOUNT COLAH HOUSE RENTAL STATISTICS

APRIL - JUNE 2017 APRIL - JUNE 2017 Information is based on the PriceFinder statistics Information is based on the PriceFinder statistics

Lowest sale price $945,000 Lowest rental price $475 p/w Highest sale price $1,722,000 Highest rental price $750 p/w Average price $1,275,712 Average price $606 p/w Median price $1,235,000 Median price $615 p/w

JOHN PYE REAL ESTATE Residential & Commercial – Sales, Leasing and Property Management

Serving Sydney Property Owners since 1991

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W johnpye.com.au johnpyerealestate

SALES johnpyere T 02 9476 0000 F 02 9476 1965 johnpye.com.au/blog PROPERTY MANAGEMENT T 02 9980 6777 F 02 9476 1965

OFFICES We proudly support A2/4 Central Avenue THORNLEIGH, NSW 2120

143 Peats Ferry Road (formerly Pacific Highway) HORNSBY, NSW 2077

©2017 JOHN PYE REAL ESTATE