Cronulla Mall Report: Christmas by the Beach & Bay

12308364_1070915939607258_6296975608186851694_nSummer is here! Welcome to the best time of year and the best place to be. What a gorgeous first week we have had.

I supposed it was wishful thinking to hope that the 10th anniversary of the Cronulla Riots could pass us by without notice but unfortunately it seems that a few people are taking the opportunity to commemorate the date with a march. So while I support free speech, I don’t support this march.

As a business owner and resident in Cronulla I experienced first hand the damage that this day inflicted on the area, and then for many months, years after. Cronulla was splashed across the news around the world for all the wrong reasons. Being during peak Christmas trade, post riot day, people were told to avoid the area, local businesses did it tough, several never re-opened.

2015-12-08_11.00.08The “I Love Cronulla” Facebook page came about because of the riots. I wanted people to understand that this was not what Cronulla was about. I wanted to showcase the suburb, support local business and counter the image the rest of Sydney, Australia and the world saw on the news.

So while one group marches on 1 day, the “I Love Cronulla” page will continue everyday to support the local community.

Meanwhile, in other much brighter news, the Christmas festivities in the Mall are in full swing, starting from the top of the Mall with Santa photos for families and pets!

Across from Santa, the former McDonalds corner is looking very empty with both McDonalds and the Leading Edge computer store still vacant. Maybe the New Year will bring some new tenants?

2015-12-08_11.06.12Further down there have been a few other changes; Cronulla Surf Design is now Quiksilver and Indian restaurant Dash of Spice is now Albi’s Table, an Italian café restaurant opening soon.

Ocean Grove has seen some change lately (and council/road works) as well. Henry’s Restaurant and Bar is opening soon and sadly the popular Indian Aromas has closed. With Breeze in Gerrale St and Surf Lane almost complete and the new retail stores below hurrying to finish in time for Christmas, we are looking forward to even more choice for dining in Cronulla.

Charbella’s shop next to Grind is vacant after Charbella moved back to its old haunt in Ocean Grove Ave.

As the year quickly comes to a close, Beach & Bay Realty would like to take this opportunity to wish all our followers and their families a safe and happy festive season. Merry Christmas to all and we wish you all the best for the New Year!

 

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The Winter Holidays Mall Report – June 2015

IMG_20150630_152406With almost weekly posts in Sydneywide blogs and print media on all the latest Cronulla food eateries opening and established businesses getting their well-earned mentions, Cronulla is now a 4 season, busy beachside hub. Combined with school holiday activities such as Cronulla on Ice, winter in Cronulla has been particularly hectic this week and businesses are enjoying the crowds.

IMAG4696_1Starting from the South, Gelatissimo will open for business in September and its location will make Cronulla the last Sydney beachside suburb for the popular gelato chain.

The Best Little Bookshop In Town has well and truly settled into their new location, great to see the former Australand Greenhills Beach shop front finally filled up!

 

IMG_20150630_153503After months of uncertainty, the iconic, heritage listed Commonwealth Bank has been sold to local developers…

Heading east opposite South Cronulla Beach, the highly talked about Eat Burger Cronulla (opened by locals of Mims Espresso and Eatery in Burraneer) is starting to take shape and is set to open in mid July where the Balkan Restaurant once sat.

IMAG4699_1_1Continuing north, Earth Angels have moved and we are patiently waiting for new organic store Naked Foods to open for business next to Cold Rock Ice Creamery.

At the top end of the Mall, popular clothing store Flirty is now Loft 18 and below Cronulla Cinemas, the shop fronts of McDonalds and Firstech Computers still sit empty, waiting to see who will move in…

2015-06-30_15.28.58A new temporary addition to the Mall for the winter school holidays is the popular Cronulla CBD’s ‘Cronulla on Ice’, don’t forget to book!

Do you know of any other changes happening in the Mall or around Cronulla? Let the team at Beach & Bay Realty know!

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The Block Triple Threat 2015 Auction Results

Last night Channel Nine’s The Block handed out $3.165mil in prize money to the four couples, representing the biggest prize pool received on one single TV episode in the world.

Crazily enough, all teams left the show with at least a $665,000 boost to their bank balances, a stark contrast to the disappointing results of last season.

theblockThe auction results of the designer apartments on Darling Street in South Yarra were:

  • 1st – Dea & Darren – SOLD $2,290,000
    Reserve set at $1.455mil
    Profit of $835,000 plus $100,000 for winning
  • 2nd – Josh & Charlotte – SOLD $2,200,000
    Reserve set at $1.39mil
    Profit of $810,000
  • theblock23rd – Tim & Anastasia – SOLD $2,175,000
    Reserve set at $1.42mil
    Profit of $755,000
  • 4th – Jess & Ayden – SOLD $2,000,000
    Reserve set at $1.335mil
    Profit of $665,000

 

The four auctions were all fast paced and over in a matter of minutes with opening bids exceeding the reserve prices. In a split second Jess & Ayden made $365,000 thanks to a generous opening bid of $1.7mil smashing their reserve.

The winners and almost instant millionaires Dea & Darren were crushed last year after taking home just $10,000 for their hard work on The Block’s Glasshouse series in Prahran, what a turnaround!

theblock3The question every viewer was asking, were the reserves set too low? Or is it the market in Melbourne driving up the selling prices, especially for popular brand new furnished designer apartments in one of South Yarra’s most prestigious streets?

In Sydney, the citywide auction clearance rate hit a staggering 91% last week (APM), while the same week last year saw clearance rates at 71%. With median property prices in Sydney exceeding $900,000, it’s no wonder the auction clearance rates have jumped significantly in the last year. Sydney has led the Australian housing price growth with property values rising 14.1% in the last year, double that of nearest rival Melbourne with 7.2%.

In Melbourne, 87% of homes were sold at auction last week compared with 63% last year, so were The Block’s crazy results a truthful representation of the market? The market is definitely booming but we have to keep in mind that it is a TV show and they really did take a hit last season so reserves were probably on the conservative side.

Next season The Block returns to Prahran with the upcoming series to be filmed at the obsolete Hotel Saville on Commercial Road.

 

References
http://news.domain.com.au/domain/real-estate-news/the-block-winners-darren-and-deanne-jolly-pocket-almost-1-million-at-auction-20150429-1mw74e.html
http://www.news.com.au/entertainment/tv/the-block-result-what-happened-when-the-cameras-turned-off/story-fn8yvfst-1227088392377
http://www.news.com.au/entertainment/tv/deanne-and-darren-jolly-take-out-the-block-with-record-breaking-profit/story-fn8yvfst-1227327454814
http://www.news.com.au/finance/real-estate/record-for-sydneys-highest-auction-clearance-rate-smashed-again-amid-drop-in-volume-of-sales/story-fnd91nhy-1227322875446
http://www.theaustralian.com.au/business/property/sydneys-housing-market-auctions-set-record-clearances/story-fniz9vg9-1227322111435

 

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Why a seller should do a pest and building inspection

Consider this, for most people property is their most expensive asset. In today’s sophisticated Sydney real estate market, a great deal of time, effort and money goes into selling a home from the presentation stage to the final settlement. Besides spring cleaning and maintenance costs, budgets must cover styling, hiring furniture and advertising expenses.

It is therefore quite common for the seller to consider a pest and building inspection the responsibility and cost of a buyer, “Buyer beware” as they say. I beg to differ.

Source -www.bell4.com.au

Source -www.bell4.com.au

When was the last time you read a pest and building inspection? These reports are designed to be a brutal assessment of your property by itemising every last fault. Reports include words like:

  • “High risk”
  • Visible evidence of termite damage”
  • “Mud tubes & borers were found

You might not have recently done a pest treatment on your home, averse to the chemicals involved, or you just have not got around to it in the last 20 years. Or maybe you know the skylights leak but you have learnt to live with it and think the buyer will too.

The first the buyer will know of any issues is when they see it in writing, with lots of disclaimers and litigious words to cover the inspector’s backside.

Your home or investment property is now worth a lot of money to you, you have a lot of money on the line.

Now think about the potential buyer of your home. Do you think the buyer is going to buy your property without doing a pest and building inspection? Highly unlikely. More likely what will transpire is, after falling in love with your property, the buyer will order a pest and building inspection. That pest and building inspection, costing between $400 and $600 approx will put in writing all the defects of your property.  Without fail, your perfectly lovely home will look less appealing and the buyer will feel less emotional and more practical about what money they might spend on your home or investment property.

Without knowledge of what was in that report it is hard for an agent to counter the criticisms. Some buyers, on receiving an adverse report, go silently away, never to return the agents call. Some try to use the report as leverage to reduce their offer.

What is important to understand as a seller is, that no matter how perfect you think your property is, it will never be perfect in a pest and building inspection. What your agent will do is prepare a buyer for this. What an agent can’t fix so easily is a curveball midway through a marketing campaign. Curveballs can come in the form of a structurally unsound roof/ termite infestation/ drainage issues etc. You achieve the best price in 30 days, there is no time for nasty surprises.

The other scenario is you pay for a pest and building inspection before spending thousands of dollars on marketing. You are made aware of any major defects or issues with the building and you have time to rectify those issues before proceeding.

Alternatively, no house is perfect so if your house comes through relatively unscathed, your agent and yourself have the confidence to proceed to with a marketing and sale campaign to maximise your sale price and the added benefit that your agent can be on the front foot with any buyer criticisms.

So in my opinion, sellers should definitely do pest and building inspections and prior to the commencement of the advertising campaign.

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Cronulla Mall Report: March 2015

IMG_20150317_135440Our iconic Cronulla Mall has seen many changes during the first quarter of 2015 and we bet there’s more to come!

Starting from the northern end of the Mall, Paco Organico (formerly Bass & Flinders) has moved in. Firstech Computers below Cronulla Cinema’s still sits empty waiting to be leased while further down Flirty has also closed its doors as of yesterday…

2015-03-17_14.54.56_1Clothing store Code Orange is no longer and Wholesale Outlet has moved in. Another clothing store Lemon Jelly (formerly Velvet Jayne) is also closing down with 50-80% off storewide.

Surrounded by state election signs and campaigners, the iconic former Commonwealth Bank landmark is still for lease, when will any one ever move in?!

After no luck leasing the former Greenhills Australand office, it is now going to auction on 30th April, watch this space!

Get ready for next summer (or hopefully some warmer weather later this year) with 10-50% off all summer stock at Pure Sea surf shop.

2015-03-17_14.58.51Coming to the end of the Mall, the left side of Eclectic Home & Garden still sits empty…

Do you know of any other changes happening in the Mall or around Cronulla? Let us know!

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Will your home pass the test?

Web_01Real estate mogul Barbara Corcoran recently said at a real estate conference that it takes a buyer, entering the first room of the house, only 8 seconds to get an impression of the home.  There is really no room for error with an 8 second time span and it hits home how important styling and presentation really is.

Thinking of selling? How about doing the 8 second test on your own home. Is the first thing you see when entering your home a Brady Bunch gallery of family portraits? Is this what you are selling or are you selling the light, bright and spacious entrance foyer which you cannot see because all you are focused on is the faces staring back at you?

Web_11After you have done the 8 second test, go outside and get in your car. Drive around the block and then pull up out the front of your house. How’s the 8 second rule from the street? Some buyers will see your property advertised and then do a drive-by, will these buyers come back for an inspection? Or will they see the overflowing gutters and think too many trees equals too much maintenance?

Web_10Then maybe invite some friends over to do the 8 second test.

Did your property pass the 8 second test? Give Beach & Bay a call so we can provide you with a market appraisal and connect you with our network of stylists, cleaners, handymen and women who will ensure your home is presented to perfection and the maximum sale price is achieved.

Web_06

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Get market ready and sell your property fast!

lounge-webThe right agent and perfect presentation of your property sets the scene for a successful, stress free, financially rewarding sale in record time.

So, you have chosen Beach & Bay Realty and now here are some quick tips from Yellow House Interiors to assist in making your property market ready:

1. Clean and sparkle
Make your property look polished and cleaned to perfection. Pay attention to details like skirting boards, light fittings, windows and walls. Giving your property an all over thorough clean will be an essential step in creating a property that people want to buy.

2. Colour correction
Keep wild and wacky tones to a minimum and stick a neutral and subdued colour palette. Don’t forget that you want to appeal to a great variety of people and create a feeling of space in the property. A fresh coat of paint can change almost everything!

3. Family photos, be gone!
Store and remove all personal objects and photos. Keep in mind that your property needs to attract buyers that want to move in NOW. Keep the styling fresh, simple and not over complicated.

4. Replace carpets
Old carpet can be a huge turn-off. To achieve a higher selling price it’s worth replacing tired old carpet with new carpet in a contemporary hue that works with your paint colour and furnishings.

5. Hire furniture and accessories
You can put this together yourself but if you really want to get the top dollars for your property then call in the professionals! Replace furniture and accessories with specifically chosen items that complement the property and aim to to make the property look it’s very best ready for sale.

6. Quick fixes
Look at your property with fresh eyes. All of the small jobs that you’ve been putting off for so long need your attention before your property goes on the market. Make a list and get them done, you will be thanked for your hard work with interest from the market.

Yellow House Interiors can help you with all of your styling and decorating needs. Achieving the highest price possible for your property through beautiful styling and advice is what we do best! For more information go to www.yellowhouseinteriors.com.au.

steph_bedroom
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Selling Season vs Silly Season

At this time of year buyers have one foot already in the pool, winding down for the Christmas and New Year holidays so it is a seriously committed buyer who attends open houses in the weeks prior to Christmas day.

Image from sellmycastle.com.au

Image from sellmycastle.com.au

There are also Christmas parties to attend, hangovers to recover from and Christmas shopping to be done, all leading to a drop in open house attendance in December.

This year most solicitors are trying to wrap things up for Friday 19th December so this weekend is an important auction weekend.

If you are planning on selling in early 2015 remove any Christmas decorations from the house prior to photos being taken otherwise buyers will think you have been on the market longer than you have.

January is usually a quieter month for real estate but sellers have less competition and there are still buyers around. With less properties for sale in 2014 there might be still a committed group of buyers looking for a home in January 2015.

Image from realestate.com.au

Image from realestate.com.au

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Do you think the property market will burst in 2015?

sydney

One of the most real estate obsessed cities in the world

This is a question real estate agents get asked a lot as we head into the final month of selling. It’s a dangerous question because really we don’t know the answer and no one else does either.

According to SQM Research, the median house price in Sydney’s inner fringe has now surpassed $1million. To many that seems absurd, we dreamed years ago about our homes being worth a million dollars and somehow our dreams have become reality, even if that millionaire reality is a far from palatial home we imagined many years ago.

SOLD $1,280,000 - 3/5 McDonald St, Cronulla

SOLD $1,280,000 – 3/5 McDonald St, Cronulla

In Cronulla it is now very difficult to find an entry level house on a small block of land for $1.3mil.  If you are thinking of buying an apartment in Cronulla, it is just as difficult to find something under a million dollars. Last month a 2 bedroom apartment with superb ocean views and only a single garage sold for $1.4mil.

If you are not in the market already, how do you get into a market where you have to be a millionaire to buy a basic home? Parents are panicking for their children, 30 and 40 year olds are becoming first home buyers.

Should we take the plunge in November 2014 or should we wait and see till February 2015?

SOLD $1,118,000 16 Targo Rd, Beverley Park

SOLD $1,118,000 – 16 Targo Rd, Beverley Park

This is the dilemma now facing many buyers. Sure, interest rates are low but when you have to borrow the bulk of a $1 million dollars plus stamp duty then the mortgage you end up with is not cheap.

The Reserve Bank has been recently warning us to stop getting carried away, to stop borrowing too much money, but so far this has not had too much of an effect on an insatiable Sydney market.

Anything can happen as shown with the Global Financial Crisis and we now live in a very interconnected world, where something that happens in another country, on the other side of the world can affect us here very quickly.

SOLD $1,570,000 - 5 Cook St, Caringbah South

SOLD $1,570,000 – 5 Cook St, Caringbah South

Unfortunately I don’t have a crystal ball but I did win the Melbourne Cup this year so if I had to have a punt on which way the property market was going to go next year I would say upwards, but not at the same intensity as this year.

NSW is now the economic locomotive of Australia and Sydney the most desirable city to live in. Property sales off the plan are booming which means the residential construction industry will also stay robust. Also the NSW government has embarked on huge infrastructure projects which will support thousands of jobs into the medium term.

A steady increase, then a plateau is my guess but full disclaimer here, I have really no idea, just 18 years of being a real estate agent in one of the most real estate obsessed cities in the world…

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Cronulla Mall Report: Back to beach weather!

IMG_20141031_124437What a day! October has almost ended and it feels like Summer already!

Firstly, if any one is looking for last minute Halloween costumes and accessories pop into Dollar King in the Mall, it has it all!

Fingers crossed the weather stays this wonderful for the weekend, especially with the Beachfest on at Dunningham Park, Peryman Square and the Plaza. Retro cars will be on display for judging and awards with live bands and solo performers over the two days.

Starting from the south, half of Eclectic Home & Garden sits empty waiting for a new shop owner.

IMAG1024We finally have a new tenant in the former Chocpad shop – Leah’s Wax Works has moved in! Further down the mall Classic Nails Beauty and Waxing has also moved into the former Body Pro Supplements store.

Unfortunately we’re still eagerly waiting to see who will eventually move into the old Australand Greenhills Beach office.

IMAG1029_1Forever Fashion are closing down with 50% of storewide. I wonder what new store will appear here?!

The optometrists near Code Orange are surrounded by builders and scaffolding, a new store layout perhaps?

Where la luna was on top end of mallNutrition station is opening soon where La Luna was and the local computer store next door to McDonalds and the Cronulla Cinemas entrance has also closed.

Closer to the beach new coffee shop Bianchini’s is doing a roaring trade, looks like a popular spot!

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