Tuggeranong Market Review | October '14

Tuggeranong Market Review(02) 6296 7077 | peterblackshaw.com.au

Tuggeranong United Football Club | www.tufc.com.au

Proudly supporting the Tuggeranong Community

CASE STUDY

AGENTRobert Peaker | 0412 726 025

RESULTSold on Auction day

BUYER ORIGINBuilder / Developer

HOME FEATURESCore Area land holding of 712 sqm Quiet cul-de-sac locationAdjacent to walking/cycling path, parkland

CRUNCHING THE NUMBERSUnimproved Land Value (UV) $449,000Sold Price $570,000 (sold as a knockdown)

Stamp Duty Payable (Land & Improvements Duty) $19,300Demolition expenses

MARKETING CAMPAIGNProfessional photographyPremium website packageOpen for inspection weekends, mid week twilight hours, plus private appointments

13 Allan Place,Curtin SOLD $570,000

Mr Fluffy Loose Fill Asbestos home

THE STORYThe owners of this property made the difficult decision to sell this property over rebuilding. All

factors were considered given their personal scenario, and the owners came to the realisation that for them, the best way was to sell and start afresh and move on with their lives.

Concerns of ProfiteeringWith the additional costs of specialist demolition on top of the standard charges and also

mediation of the site, there is unlikely to be extra value gained given the situation.

DemolitionFixed quotes for demolition have been challenging to source, with potential hidden costs for removal of contaminated soil. For a standard demolition, pricing generally only requires waste removal, however with asbestos & loose asbestos filled homes these demolitions may require

further steps for separation of matter. The owners have found that working to a budget impossible, without easily accessible fixed quotes.

Sell now or wait?Some owners are holding off to see what the Government announces as far as a support package for Mr Fluffy home owners. The owners of this home chose to get in first, with

concerns that when (and if) a compensation package is announced there will be an influx of Mr Fluffy properties on the market. The move and timing was made clearer for these owners,

as another home suitable to their needs was secured.

DisclosureDuring each inspection throughout the campaign, every group visiting the site or

enquiring about the property was made fully aware that this home was a Mr Fluffy, and provided with all information necessary to make a decision on whether or not they were willing

to access the property.

Did we have hesitations selling a Mr Fluffy home?As this is a very sensitive situation for most Mr Fluffy owners, we were very mindful of

marketing what is considered in most cases a ‘knockdown’, demolishing homes that in most cases hold years of personal memories.

FIRST OF MANY MR FLUFFY HOMESSELLS AT AUCTION

Robert PeakerPrincipal | Peter Blackshaw [email protected] Agent Canberra South Real Estate Pty Ltd ABN 53 106 779 506

02 6296 7077 | peterblackshaw.com.au

Welcome to the October edition.

Of particular interest this month, two Mr Fluffy Loose Fill Asbestos homes were successfully marketed and sold through our office, one by Private Treaty - the other by Auction. As you can imagine, the media took a keen interest in these cases with interviews taking place with all three parties buyer, seller and agent. Other agencies have also been looking on with keen interest at the success of these campaigns keen to pass on any relevant information to other interested members of the community. If you are a seller considering your options the sell your Mr Fluffy home, it is important to speak to an agency who has had experience with marketing these homes and also one willing to provide you with all the options available so you can make an informed decision whether or not to sell or stay.

We are excited to announce that our office welcomed a new partnership this week with the Tuggeranong United Football Club. Our staff are looking forward to being actively involved with the Club and to watch them grow and succeed. We would like to thank all involved to date for their support and referrals to our business. Being a local and highly professional Tuggeranong group, it has been an enjoyable association and we wish to congratulate the Tuggeranong United Football Club on such a successful game against Melbourne Victory on September 16 at Viking Park. This major event was fabulous for the region and showed that Tuggeranong has a huge amount of sporting talent to uncover.

MONTHLYSALESSNAPSHOT

OCTOBER ‘14Properties currently listed (as of 16th September ‘14) 376

Properties sold 96

Total value of sales $47,308,050

Tuggeranong Record (Kambah) $1,295,000

Average sale price $492,792

Median sale price $471,250

Highest sale price (Conder) $969,000

Lowest sale price (Greenway) $287,500

Days on market (Tuggeranong Region average) 90

% of homes reaching agreement (dwn 4.7%) 12.54%

Source PBRE research & allhomes.com.au. Reported date range 16th August ‘14 to 15th September ‘14

OUR COMMUNITY

COveNaNT ChRIsTIaN sChOOl

Spring Fair

25th Oct | 10 - 2pm

gOrdOn

sT FRaNCIs OF assIsI

Fete

15th nOv | 10 - 3pm

calwell

Proudly supported by Kate Shaw 0409 743 332

Proudly supported by Craig Sleeman 0404 178 577

MONTHLYRENTALSNAPSHOT

Properties available (Tuggeranong Region as of 16th August ‘14) 238

Properties rented (Tuggeranong Region) 108

Lowest rental price (Gordon) $290p/w

Highest rental price (Kambah) $650p/w

Average rental price $408p/w

Average days till rented (Region average) 40

Source PBRE Research, ABS & allhomes.com.au. Date range 16th August to 15th Sept ‘14

Heidi RussellProperty Management Co-ordinator

Alana BreustProperty Manager

Danielle FreemanProperty Manager

Nick MuirProperty Manager

Rachel TynanLeasing & Administration

Heidi Russell Property Management Co-ordinator

[email protected]

If you are unhappy with your current Property Manager,

please contact me today to discuss how we can help.“ ”

At Peter Blackshaw Real Estate Tuggeranong we consider being involved with the local community an important way of showing support for the Tuggeranong area and its residents. Over the past 10 years we have proudly been involved with a number of community events, charitable organisations, schools, sporting teams, mothers programs and businesses, such as the RSPCA, St Vincent De Paul, Ronald McDonald House Charities, Cancer Council Australia and Variety: The Childrens Charity. We enjoy taking a hands-on approach to all aspects of our sponsorship by having our staff be involved in all events where possible. We invest our time, resources and expertise to ensure everyone is pleased with the final outcome.

OUR COMMUNITYWE WANT TOBE INVOLVED

Amy PeakerBusiness Manager | (02) 6296 7077

What we could provide to you

• Auctioneer services• Marquee• Volunteers• Promotional Signage• Graphic Design & Photography services• Facebook and website promotion

Saturday 24th August2:00pm

Collectables, jewellery, toys, English China, furniture & much more!

24th Birthday SaleAuction

Everyone welcome!

Vinnies TuggeranongCorner of Athlon Drive &

Pitman St, Greenway(02) 6234 7300

Tuggeranong

This event is proudly supported by our Tuggeranong office (02) 6296 7077

If you are interested in having us sponsor your event please contact:

Are you seeking assistance with a Tuggeranong community event?

IDEALINVESTMENTOPPORTUNITIES

20/39 Thurralilly St, Queanbeyan

Current asking price: $179,000+

Listing Agent:Robert Peaker | 0412 726 025

Currently Vacant

17/30 Ijong St, Braddon


Listing Agent:Andrew Thorpe | 0402 017 912

Currently rented for:$370 p/w

Lease expires:15th November 2014

3/28 Whitford Pl, Conder




Currently rented on a month to month basis

49 Outtrim Ave, Calwell




Lease expires:January 201550/219a Northbourne Ave, Turner




Currently rented on a month to month basis

15 Cookson Pl, Banks

Current asking price: $900,000+Listing Agent:Robert Peaker | 0412 726 025Andrew Thorpe | 0402 017 912Currently rented for:$750 p/wLease expires:May 2016

11/21 Tennison Woods Cirt, Bonython




Lease expires:12th December 2014

409/107 Canberra Ave, Griffith


Listing Agent:Craig Sleeman | 0404 178 577

Currently Vacant

MINIMUM TIMEMAXIMUM PRICE

Our intimate understanding of local needs and trends continues to place us as the most well informed local agency in Canberra.

Our expert market knowledge means a superior service experience for our vendors and purchasers.

Proud of our reputation as a dynamic, innovative and family orientated group, our team is constantly looking for new ways to exceed expectations.

02 6296 7077 | peterblackshaw.com.au

Documents

Tuggeranong Market Review | October '14