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SSC Newspaper : June 2010
.au Consultants in Property MARVAY are Real Estate Property Specialists. MARVAY professionally cover all your property needs ...across Metropolitan Sydney. Real Estate Agents, Property Consultants, Property Economists, Auctioneers, Valuers, Asset, Portfolio, Project, and Development Managers. Sales, Leasing and Property Management. MARVAY can act on either side of the transaction. We can act for Tenants, Owners,Vendors, and Purchases in all Buying, Selling, Leasing and Management, in all types of property: Residental, Commerical, Industrial, Retail and Development. MARVAY represents the client’s best interests - to achieve the best possible results with professional, impartial, clever and incisive advice: to get the job done ...the frst time and everytime. We pride ourselves on personal service. Please call Gerard McGhee 0410 696 596. Sell Your Property Lease Your Property Property Management (02) 9715 1665 32 Coronation Pde, Enfeld NSW 2136 Let MARVAY Manage Your Property www.marvay.com.au (02) 9715 1665 RENTAL PROPERTY PANIC RELIEF Strathfeld Scene 19 "I was hoping to stay for a few more years, but we don’t know what the market’s going to be like then. We thought, ‘It’s a good time now, let’s go for it’ ” – Gary Coutsoudis, property investor By Frank Walker e Hunter Street house -- home to four generations of Ryans. e ve-bedroom, ve-bathroom mansion on Homebush Road. Inset: vendor Gary Coutsoudis and his daughter, Marie. PROPERTY JANE RYAN, a teacher, lives in a house on Hunter Street, Strath eld, with her sons Luke, 16, and David, 13. Ms Ryan's domestic bliss looks nothing out of the ordinary for Strath eld. Yet even for the municipality's tightly held property market, the fact that she is the fourth generation to inhabit the same house for 90 years would certainly appear to be something of a record. "It's a true family home," she says. Ryan ownership of the property dates back to 1919 when Trooper Denis Ryan returned from the trenches of A priceless history By Jane Lee Sold for 100K above expectations LONG TIME property investors Gary Coutsoudis and his wife Sophie dreamed of living in Strath eld, but like many others they couldn't a ord it when they got married. e couple saved up to buy and sell two other houses in the neighbourhood -- one in South Street, the other in Newton Road -- before they found what would become their dream home in 2005. In yet another demonstration of just how strong the demand is for Strath eld's larger houses, when the Coutsoudis's family home in Homebush Road went on the market recently it sold at more than $100,000 above their expectations. Interest in the ve-bedroom, ve- bathroom mansion meant it sold for $2.61 million two days before it was to go to auction. e family was delighted. "A guy up the road had sold his home for about that much and it was older and in a much be er spot near Victoria Street, so we were looking at similar money," Gary says. He says it took about 15 months to design and rebuild the house from scratch. "I was hoping to stay for a few more years, but we don't know what the market's going to be like then. We thought, 'It's a good time now, let's go for it.'" Among the memories of the house were its part in the wedding of their eldest daughter, Marie, earlier this year. Following Greek tradition, Marie got ready in her parents' home alongside family and friends and continued celebrating there the next day. "We're going to miss the house, that's for sure," Gary says. "We put it together just the way we like it." Two other houses in the same street -- number 110, another ve-bedroom home, and 151, a four-bedroom house, are now also up for auction. France at the end of World War I. Under the Federal Government's War Ser vices Home Scheme, Trooper Ryan was able to get subsidised housing and buy a large block of land on Hunter Street with a £20 deposit -- that's $700 in today's money. e land and house that cost Denis Ryan $29,000 in today's money 90 years ago is now worth more than $900,000. But to Jane Ryan, the Hunter Street home is priceless. " is house has so much history," she says. "My grandfather lived here, my father was born here and I raised my two sons here. It is truly a family home. No money can buy that." www.ourstrathfeld.com