by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
SSC Newspaper : July 2012
Strathfield Scene 31 PROPERTY devinere.com.au STRATHFIELD | CONCORD | DRUMMOYNE THE BL CK BUSTERS THINK DEVINE In the last financial year more owners entrusted Devine to sell their property than any other agency. Above is a selection. Thinking of selling your property? Think Devine. Call 9747 1144 to get started. 1 Bareena St $1,100,000 1/76 The Boulevarde $567,000 1/9 Everton Rd $442,000 10 Strathlora St $1,205,000 101 Barker Rd $835,000 103 Mintaro Ave $1,810,000 12/5-7 Pilgrim Ave $403,000 14 Chalmers Rd $1,900,000 15 Augusta St $2,205,000 15 Torrington Rd $1,800,000 152 Albert Rd $1,550,000 16 Fraser St $1,690,000 17 Strathfield Ave $2,370,000 17/6-8 Redmyre Rd $428,000 18 Merley Rd $1,750,000 19 Strathlora St $1,275,000 192 Albert Rd $1,350,000 2 Water St $613,000 20 Torrington Rd $2,420,000 225 Homebush Rd $1,116,000 23 Wonga St $1,450,000 24/101 Wentworth Rd $461,000 27 Highgate St $1,300,000 28 Arthur St $1,560,000 28/7 Everton Rd $440,000 284 Homebush Rd $628,000 29 Fraser St $986,000 3/66 Beresford Rd $790,000 30 Cotswold Rd $2,160,000 31 Bareena St $1,300,000 32/11-15 Lyons St $440,000 33 Shortland Ave $1,910,000 38 Howard St $1,620,000 38 Myrna Rd $1,200,000 45 Albyn Rd $2,100,000 38/90 Wentworth Dr $395,000 4 Manson Rd $440,000 4 Myall Crescent $2,230,000 4 Myrna Rd $1,318,000 4 Wakeford Rd $1,272,000 4/52 Beresford Rd $690,000 40c Beresford Rd $865,000 42 Karuah St $1,265,000 43 Fitzgerald Cr $735,000 46 Woodward Ave $2,180,000 4A The Close $1,228,000 5 Howard St $1,600,000 5/15 Morwick St $420,000 55 Pemberton St $1,510,000 57 Shortland Ave $1,345,000 6 Manson Rd $410,000 45 Newton Rd $2,400,000 6 Strathlora St $1,365,000 6/1-7 Russell St $447,000 62 Churchill Ave $1,470,000 64/90 Wentworth Rd $400,000 69 Barker Rd $1,455,000 7 Morgan Pl $880,000 8 Glenarvon St $1,640,000 80 Churchill Ave $2,108,000 83 Redmyre Rd $1,678,000 84 Redmyre Rd $1,650,000 97 Chalmers Rd $1,410,000 9J/30 Churchill Ave $399,000 If you thought the auction results on 'The Block Finale' were good, then you'll want to see our results.... SOLD -- STRATHFIELD By Steve Devine Auctions and e Block. Wherever you go lately they're the only two things that anyone seems to be talking about. If you've been hiding under a rock all week and haven't heard; four properties were auctioned on Channel 9's hit reality TV show e Block last weekend and all four sold for hundreds of thousands of dollars above reser ve. Collectively the properties sold for $1,743,000 above reser ve, with the winning terrace selling for an amazing $506,000 (45 per cent) above reserve. Set by independent valuers, these reserves have created much debate on whether or not they were too conservative, however no one can argue with the fact that they had the desired e ect -- they encouraged participation. In contrast, last season's Block nale was deemed by many to be a dismal failure because three out of the four auctions appeared to be disastrous failures (they didn't reach reser ve). So last year the word on the street for the uninitiated became "auctions don't work", whereas this year's series has proven that auctions do work! I believe that, given this turn of events, and given that Strath eld is historically such a strong auction market (according to leading property analysis company RP Data, Strath eld has the highest volume of properties submi ed to auction when compared to any other inner west suburb), now is an opportune time to re ect on the aspects of these sales that led to such outstanding results. So if you're considering auction what should you be conscious of ? Firstly be aware that, while auction may not be for everyone, it is certainly a method that buyers are becoming more comfortable with. An auction generally indicates that the seller is serious and that they have commi ed to a deadline for when the property will be sold. In saying this, experience shows that the best outcomes eventuate when; the seller is conservative in their expectations (as evidenced from this year's Block), the home is marketed e ectively, the seller has engaged a skilled and professional agent, a specialist auctioneer is employed to extract every last dollar on auction day (there were both good and bad examples of this on e Block) and last but not least -- make sure your agent knows and understands the buyers well enough to accurately gauge their interest and is astute enough to "read between the lines" of what the buyers are really thinking. Ironically, the best auction results achieved generally happen for the owners who are the most realistic in their expectations from the onset and who are prepared to meet the market. It is these properties that o en achieve signi cantly more than the market's perceived value. When buyers perceive good value, competition is created, which in turn leads to a great result. If you have any real estate questions, contact firstname.lastname@example.org QIf I have a bond, why would I need landlord insurance? Firstly, I would like to say that in my experience, there should always be a bond, even if you know the tenant. While it's good practice to have a happy tenant, this is a commercial arrangement that needs to have commercial boundaries. Secondly, landlord insurance does not cover all potential costs, so the bond can be used to cover this shortfall in most cases. Tenants are just like everyone else and no one knows what tomorrow will bring for them; job losses, relationship break-ups, health issues and any number of other crises can affect their ability to maintain a tenancy, so you need to have an insurance policy for these unforeseen scenarios. QThe tenancy legislation changed last year. How has that affected landlords and tenants? I don't believe that it has made any real negative difference to the relationship and has in fact clarified a lot of areas of dispute. An example of that is the new "break fee". Tenants can choose to terminate their tenancy early and they now understand that this will incur a fixed cost and what that cost will be. This has enabled them to make an informed choice and also allowed clarity for the landlord in regards to the compensation that they will receive. "When buyers perceive good value, competition is created, which in turn leads to a great result." -- Steve Devine Lessons for Strath eld from e Block