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Surprisingly we have seen the demand for rental properties fall over Summer and with the fall in demand rental returns are lower than 6 months ago in all price ranges. This is especially true with a larger decrease in demand from tenants in the executive property market. The maximum search rent we are seeing at present is about $2000pw. One of the reasons for this is that there has been such a strong rise in property prices in the local area over the last 6 months and people that were leasing have now decided to buy and as such there are less potential tenants for properties. We also feel that there are many more properties for lease this year as investors have been buying properties in greater levels than we have seen for several years and there is now an oversupply.

Despite the slower market we are proud of achieving some great recent results including leasing 48 Edgecliffe Esplanade Seaforth for $2500pw after just one inspection Other great results this month were 93 Seaforth Crescent, Seaforth for 3300pw, 14 Beatrice Street Clontarf at $2200 pw and 8 Barrabooka Street at $1425pw. Please contact us if you know anyone that is looking for a property manager – we have been the area specialist for over 18 years.

Best Wishes,

Elissa Carmichael, Emily Crosweller, & Cassandra Campbell

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Posted on Tuesday, 15 July 2014 by Website Administrator

February Market Update

More happy home owners for the start of 2014

With the right strategy and the right sales agent behind you, the chances of a super sales price are generally improved.

Take for example: The sale this week of 23 Waterview St, Seaforth before Auction, by our sales team lead by Jason Guildea from Guildea Residential.The property was 2 years old and was listed with a four week campaign. The property 12 months ago was valued at $1,475,000 to $1,500,000. During the campaign the team worked their buyer database and combined with a highly visual internet marketing campaign, generated 58 inspections over 2 weeks.

The result:
With the massive amount of buyer interest generated during the campaign, by the second week 3 separate offers had been generated starting at $1,500,000. With further negotiation by Jason Guildea with all parties and the price rising quite considerably, the owner accepted a final offer of $1,600,000 that was presented as a cheque for the 10% deposit and a signed buyer sales contract. The owners were delighted.

How did Jason and the team create such a successful result?
From the moment they secured the listing of the property, not a moment was wasted in promoting the property. Marketing the house included drawing the attention of potential purchasers to its advantages such as the design, the huge living area, and great location in Seaforth near the Manly Dam. The promotion of this property was done with the expertise that is a characteristic of this dynamic sales and marketing team. The new owners are very excited to be moving into the new house.

For outstanding results from a team who knows how to achieve a sale at a top price, please contact Guildea Residential in Seaforth on 02 9948 2020

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Posted on Tuesday, 15 July 2014 by Website Administrator

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