The Block Auction Results 2014

Chris & Jenna's Apartment

Chris & Jenna’s Apartment

Last night the nation tuned in to watch the finale of Channel 9’s The Block. Whether you’ve followed the series since the beginning, watched a few episodes here and there or purely just switched on to see the results, we were all watching and everyone’s talking today!

Last year the contestants took home over $500,000 each, a big difference to this year’s results…
  • The boys Simon & Shannon won this years series and took home $445,000 ($100,000 prize money plus $335,000 profit)
  • 2nd place Chris & Jenna walked away with $310,000
  • 3rd place Max and Karstan received $40,000
Shannon & Simon's Apartment

Shannon & Simon’s Apartment

Darren & Dee and Michael & Carlene walked away with just $10,000 for their efforts over the last 10 weeks. As news.com.au calculated, their efforts were worth $10.21 per hour based on a 16 hour working day over 7 days a week, including the $700 per week away-from-home allowance received from Channel 9! To sum it up, these two couples worked for just over half of the hourly minimum wage.

This morning I asked our Managing Director Kylie Emans about the results and her response as a real estate agent was: “the property market has spoken, now that was reality! The only reality in that reality tv show!”

Michael & Carlene's Apartment

Michael & Carlene’s Apartment

All those people lining up to look and all of us watching on TV but who are the buyers? 3 bidders stood out and the first auction stalled before a bidding war between two parties kicked off (what a relief that was!), but they were all the same buyers (even some familiar faces from previous seasons) bidding on each apartment, what a joke!

Now everyone is pointing the blame – were the reserves set too high? Are the auctioneer’s to blame? Did the bidders have inside information? Or was it all down to the order of the auctions? (despite the majority of couples wanting to go towards the end!)

One thing’s for sure, it definitely shows the unpredictable nature of the property market!Source: http://www.news.com.au/entertainment/tv/the-block-darren-and-deanne-and-michael-and-carlene-earnt-just-1071-per-hour-for-their-efforts/story-fn8yvfst-1227088489917

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Spring Real Estate Update

IMG_0928After a sensational long weekend of great weather and football entertainment vendors and buyers are into the final mad dash to sell and buy before Christmas 2014.

It seems unlikely that a rate rise will be seen this year after the Reserve Bank met this week and left the official cash rate on hold for October. However the RBA has been more vocal in recent months about the housing market and is doing its best to cool the heels of buyers, worried prices have increased at an unstable rate.

Certainly we have seen dramatic price increases in the Sutherland Shire especially in the first 6 months of this year. As I see it though while the shortage of listings continues, the pressure on prices will remain. Buyers listening to the RBA’s warnings seem not as desperate to purchase as earlier in the year. What hit home for me recently was the figures showing that first home buyers are generally in their 30’s or 40’s.

Sydney is definitely an internationally priced real estate city!

Some of our new Spring listings below.

If you’re thinking of selling this year, please give us a call today.

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Tiny House Movement

IMG_20140913_162839The Tiny House Movement brings a whole new meaning to the term ‘downsizing’!

Local southern Sydney USYD student Beck Benson and her friend Reece Brennan, the creators behind The Tiny Abode, have spent the last four months creating Beck’s new home (worth around $18,000, measuring 2m x 3.6m) in an effort to combat high house prices in Sydney.

The construction on-wheels includes a small yet complete kitchen, bathroom and sleeping loft. The minuscule mansion even sleeps up to 4 with a queen bed, single fold down bed and a hammock!

auction on tomorrowWhile most of us couldn’t even contemplate calling a six metre-squared space our home, perhaps it could make the perfect studio, man-cave or small granny flat in your backyard!

The unique-looking bedroom on the left is the result of James Galletly’s new tiny house business and Marrickville’s recycling initiative The Bower to create a room on wheels made of 95% recycled materials. The small property on wheels by The Upcyclist will be auctioned this weekend and is expected to sell for between $10,000 & $15,000.

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Cronulla Mall Report: Spring 2014

IMAG0684_1Welcome to Spring! So far we’ve had rain, wind and more rain, but we’re hoping for clear, sunny days next weekend for Cronulla’s annual Spring Festival! We heard The Flying Pig Collective will be here with the best pulled pork!

After bracing the cold, windy, drizzly weather today, we’re happy to announce there’s quite a few changes since our last report!

IMAG0659Walking to the Mall from the carpark, the first thing you’ll spot is the new Protein Bar in the corner, we’re yet to try it out but we’ve heard good things!

Once you’re in the Mall, you’ll notice a few updates:

  • The former Commonwealth Bank building is now a warehouse expo for a 14 day sale
  • Renovations near Code Orange
  • Kurrabar Cafe are hiring staff
  • Cronulla Pie Shop’s awning is still yet to be replaced
  • Australand’s Greenhills Beach shop is still vacant, feels like forever!
  • Body Pro Supplements store also for lease – sign says deposit has been taken, wonder what’s moving in here?!
  • Eclectic Home & Garden has split in two and word on the street is that a real estate franchise is moving in
  • The Lucky Dragon has new windows
  • Renovations near the southern newsagency (train station end)

IMAG0682Outside the Mall, Oporto has downsized to make room for new coffee shop Bianchini’s Espresso on the corner. They’re still working on the shop but hopefully it will open soon!

Next door, Balkan Restaurant is also renovating, plenty of changes to come!

Further down by the beach Simone’s on the Park still sits empty. We’d heard plans for a gym but no action has taken place. Hopefully someone will take advantage of the great location!

Leaving the Mall heading into the carpark you’ll notice the upgrades taking place in Croydon St carpark, hopefully this will ease traffic congestion!

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Spring Selling 2014 Begins

10559905_816347761730745_4324784745026281604_nIn just a few days we will be in Spring, traditionally one of the most popular periods for those thinking of selling to take the plunge.

August was the wettest month in 16 years but September is supposed to be dry with above average temperatures. This should see a noticeable increase in the amount of properties for sale.

IMG_0928Talk to any agent about the conditions of winter 2014 in the real estate market in Sydney and they will tell you that it was characterised by very few properties for sale and lots of buyers, creating a climate where competition amongst buyers was fierce and days on market very few.

Beach & Bay Realty averaged 2 week sales campaigns throughout winter. While we enjoy fast, above vendor expectation sale prices, we also enjoy having more properties to sell!

If you are thinking of making a move please give us a call now so we can have you on the market in just a few short weeks!

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Cronulla Spring Festival 2014

Can you believe it’s almost September already?! Well it is! This means the Cronulla Spring Festival is just around around the corner! We’re hoping September is a dryer month than August, we’d love the sun to shine on this glorious weekend!

monro_park_2The Cronulla Spring Festival will be held on 13th & 14th September. The Sutherland Shire’s biggest annual celebration welcomes all! There will be plenty of entertainment from Cronulla Plaza to the beach with fun activities for kids, market stalls and bargains from local stores, as well as great coffee and food to keep you going!

Entertainment
The Pavilion Stage will host live shows and musicians throughout the weekend, including:

  • Kirrawee High Stage Band
  • Sharnielle Hartley
  • Sea Naturals Capella Choir
  • Local performers
  • Hi Lifeguards
  • Blossoms
  • South American Pan Pipes

Spring-Fest-253There will be plenty of entertainment for the little ones as well, including Despicable Me2, Mr. Potato Head and Mr. Peabody and Sherman.

Kids Corner
At the southern end of Cronulla St (near the train station) the kids will be delighted by a whole heap of activities, including:

  • Animal Farm ($3 entry)
  • The Fun House (free)
  • Get Wild animal shows and displays including reptiles, turtles and a baby croc! (free)
  • NSW Fisheries ‘Get Hooked’
  • Plenty of rides
  • Pony rides and kids craft activities in Monro Park

Wellbeing Fair
Chill out in Monro Park and get your hands on a number of natural products and watch the entertainers supplied by A Touch Of Eden while the kids take pony rides around the gardens!

Rides-CrowdShow & Shine
Overlooking North Cronulla Beach, Peryman Square will be home to plenty of classic cars for the RSL Motoring Enthusiasts Club Show & Shine event.

Cronulla Design Ideas Competition
The Mayor of the Sutherland Shire will announce the winners of the Design Ideas Competition, best of luck to all who entered!

Road Closures & Parking
If you’re leaving your car on Cronulla St or Surf Rd on Friday night, make sure you move it before 4am! Cronulla St and Surf Rd will be closed from 4am Saturday morning until 7pm Sunday night. Parking will be scarce so if you’re driving be prepared for a long walk (unless you’re lucky enough to score a top spot!) otherwise jump on the train and you’ll arrive right in the hub of all the activity!

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The Block Sicily

Gangi-in-Sicily_DA_2998601bOn the other side of the world in a picturesque Sicilian village, the council are selling off homes for less than the price of your morning coffee!

Sounds crazy? It is! The village has put up with years and years of overall decline and neglect and are now looking to revamp their town by selling off vacant homes, for just one euro each! This equates to about $1.43, amazing!

So, where’s the catch?! The bargains come with a few conditions, but nothing too damaging…

  • Buyers must pay a $7,000 (approx) guarantee to the local council promising that they will renovate the properties. The money will be redeemed once the homes are restored.
  • The houses must be restored within 5 years and considering that most of them are either derelict or barely standing, the cost of the renovation will be around $50,000.
  • As per usual, legal costs are always involved, so this will set you back around $8,500 per property

Gangi2_2999115cOnce you’ve taken care of these conditions, you’ll have yourself a brand new historic home in Gangi!

The council tried this idea a few years ago but with a lack of English-speaking councillors, it wasn’t very successful. Now the village are looking for foreigners to give the village new life!

Unlike Cronulla, the village is not near the coast, but it is a lovely, small medieval town surrounded by the mountains and friendly people!

Ready to invest, renovate and relocate? Enquire here today!

Gangi_2999114c

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Transform Your Home With White

How many times have you inspected a property and thought the interior looked dark and small? At Yellow House Interiors we think white is great for lifting the appearance of an interior, making it look bright, light and airy. From walls to furniture white can hide imperfections and can make the overall room feel bigger. White not only adds a contemporary feel but makes the interior look clean and fresh, great for transforming a space or selling a property. Here are some fantastic products on the market that will make your home shine:White products-page-001

  1. Scoop Pendant Light, Stephanie NG Design
  2. Bloomingville Wall Clock, Design Stuff
  3. Elk Occasional Chair, Coco Republic
  4. White Egg Lake Vase, Alfresco Emporium
  5. Atami Screen Cushion, Bandhini
  6. No.18 Dining Chair, Thonet
  7. San Fran Deco Coffee Table, Coco Republic

If you need some advice on how to make your property look its best then please call Kathryn from Yellow House Interiors on 0412 579 330. We would love to hear from you!

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Don’t Overpay On Advertising When Selling Your Home

Real estate advertising has come so far since I first started in the industry. I remember as the salesperson, having to take the photos on a camera using film, then walk up to the local chemist to have them developed, $15 and an hour later we would realise the photos were not all that good and needed a second take but having to meet a print deadline we would have to pick the best of a bad bunch.

Web_18

14 Randell Ave, Lilli Pilli

Now we have such sophisticated technology for marketing at our fingertips with specialists for every step of that process, whether it is the photographer or stylist, I would not dare to pick up a camera to photograph a vendor’s property. At the same time, the cost of advertising has decreased significantly as print media falls by the wayside.

241 Attunga Rd, Yowie Bay

241 Attunga Rd, Yowie Bay

At Beach & Bay Realty we have taken a simple approach to marketing that encompasses a substantial online presence, including social media, with print media including brochures and signboards to reinforce the online experience.  We have designed our marketing packages to be best value for money without compromising on the quality of the advertising. It is no longer necessary to spend $10,000 on a marketing campaign.

5/5 McDonald St, Cronulla

5/5 McDonald St, Cronulla

Buyers are busy people, they want the information at their fingertips and this is why real estate websites have become the norm for finding buyers. Print media advertising such as our local paper is great for a coffee table read but if you are actively looking for a home or investment property, by the time that property is advertised in the paper, the agent is exchanging contracts with the buyer who found it online.

We have also sold several homes from our local  social media marketing, including the “I love Cronulla” Facebook page and Beach & Bay’s Instagram page (instagram @beachandbayrealty). With 8000 followers on Facebook, people know we know the area and check our updates daily.

15 Seaforth Ave, Woolooware

15 Seaforth Ave, Woolooware

If a vendor would like to advertise in newsprint the option is always there but we like to encourage our vendors to spend their money where it is best going to seen by active buyers. We look at it from the angle that if we were selling our own home or investment property where would we spend our money on advertising?

This is what we stand by, it works, it works fast and we have done it ourselves:

  • Professional photography – we believe our photographer is the best in the area
  • Floorplan
  • Virtual Floorplan or video
  • Websites – as many as you can be on
  • Colour brochure with floorplan
  • Signboard
  • Social media
  • 17 Bass St, Port Hacking

    17 Bass St, Port Hacking

    On-site Auctioneer if market and property suitable

This can all be done for less than $3000.

Happy Selling!

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Coffee @ Peace Festival 2014

peace1The 6th Annual Coffee @ Peace Festival at Peace Park, Eton St Sutherland will warm you up this Sunday 10th August between 10am and 4pm.

This year the coffee providers include:

  • Albero di Lemone
  • Brother & Fox
  • Cafe Fix (Adore Estate Coffee)
  • Forget Me Not Cafe
  • Ray White Jannali – fundraising for Sylvanvale
  • Sister Fox
  • White Horse Coffee

peaceThis year the international influences that have brought great tasting coffee to Australia will be on show as well! The food vendors include:

  • Authentic Turkish Gozleme
  • Bite Size Delights
  • Double D’s Taqueria
  • Chip On A Stick
  • Kuroneko Ramen
  • Mojo Picon
  • O!MOMO
  • Portuguese Kitchen
  • Rotary Club of Sutherland BBQ
  • Salads to Go
  • Tsuru
  • Nougat Limar
  • Essenze Chocolate
  • Cakes by Nadia

tradiesThis year’s wellbeing stalls include:

  • Assistance Dogs Australia
  • La Bella Rosa Florist
  • Curves Sutherland
  • Style Threadz
  • DH – Natural Medicine Clinic
  • Tradies Club

Activities such as Japanese parasol painting, Shire Tourism’s free photo booth and my pet dinosaur will be available throughout the day, including SGSCC Coffee Appreciation 101 sessions with Ossie Campbell and plenty of entertainment on the Fiesta Stage & the Tradies Talent Stage all day.

For a full event program of the day’s activities, click here.

See you there!

coffee

 

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