Naremburn Matters \ July 2024 Volume 22 No. 2 Page 3 Unmatched Real Estate Success with Team Chauncy and McGrath As we wrap up the 2023/2024 financial year, we’re excited to share with you some of our highlights and achievements from the last quarter. Your continued support and trust have driven our success, and we are grateful for the opportunity to assist you with your real estate needs. The team are proud to have achieved a 90% auction clearance rate, selling 32 properties in the June quarter. With stable interest rates having bolstered buyer affordability and sustained demand, the housing market outlook for Sydney remains strong for the rest of 2024. We were thrilled to set a new suburb record for a two-bedroom apartment in Naremburn with the sale of 14/32 Northcote Street for $2,300,000. On top of this, an unrenovated two-bedroom apartment at 13/163 Willoughby Road attracted 10 registered bidders and sold for $215,000 over the reserve price for an impressive $1,465,000. Several of our listings sold prior to auction, including 41 Slade Street, a semi, for $2,860,000; 11A Central Street for $3,155,000; 36 Glenmore Street for $4,070,000; and 33 Rhodes Avenue for $4,130,000, which sold after just two weeks on the market. Additionally, 3 Moonbria Street was sold off-market for $4,500,000 to a buyer from our database, proving the strength of our network. A standout sale this past quarter was 26A Rhodes Avenue, which sold for $3,020,000 after just one inspection. Our expert trades team transformed this home to ensure it was market-ready and presenting at its best. If you need guidance in preparing your home for sale, we’re here to help. Peter was honoured to be recognised among Australia’s top real estate professionals, ranked #10 in Australia’s Top 100 Agents. Beyond real estate, Team Chauncy had the pleasure of attending the School for Life Foundation’s Annual Gala Ball, where an incredible $2 million was raised to provide quality education for children in Uganda. It was a humbling experience to contribute to such a worthy cause. If you have any questions or want to find out what your property is worth in the current market, please don’t hesitate to reach out—we’re here to support you every step of the way. PETER CHAUNCY PRINCIPAL MCGRATH ESTATE AGENTS CROWS NEST AND WILLOUGHBY M: 0402 036 489 E: PETERCHAUNCY@MCGRATH.COM.AU FOLLOW US ONLINE HERE: INSTAGRAM | FACEBOOK | LINKEDIN ADVERTORIAL Update on the Naremburn Village Streetscape Upgrade BY ROGER PROMNITZ NPA’s Vice President interviewed council about the progress of their Streetscape Project, here is what they told us: Naremburn Village Streetscape upgrade continues to progress. After some early setbacks due to adverse weather, the project has recovered some time with works occuring on weekends. Paving of the outdoor dining and adjacent areas is now completed, and modifications on the footway have commenced. Replacement trees are scheduled to be delivered to the site in mid July, followed by the installation of the new shade structure, which is currently being fabricated off-site. Saturday works will continue until project completion and will include kerb and road works on Willoughby Road, which will take place during daylight hours (due to State Government’s Transport for NSW (TfNSW) requirements). The Book Locker will be installed in mid-July, but will not be operational until anticipated project completion. Overall, the project is tracking for practical completion about the end of July with an opening celebration to follow at some stage, but both the timing and scope are yet to be finalised. Many of the local businesses at the Naremburn Village have experienced a significant decline in trade during the streetscape project so now is the time to get behind and support them where possible. The Love Your Locals campaign is in full swing, so don’t forget to get your card stamped with each purchase (at a participating store), then drop off your completed card to go into the weekly draw to win one of 2 x $50 vouchers. Photo shows the outdoor dining slab and paving (28 June,2024). NPA note: Naremburn Progress Association continues to keep a close eye on progress and the design as it comes to life to ensure the best outcomes and the return of custom. We have given feedback to council ranging from the need for better traffic signage, a request to review the one way system, ideas on how to improve the safety of low walls, and the need for mature plantings (preferably natives) once the large mesh shade structure is installed for the best street appeal and pollution minimisation. We have also offered to hold our first Mini Tastes in conjunction with the Council’s Streetscape Opening.
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