November Auction Results!

Last week we had our biggest in-room auction event for the year, held at the Rydges Hotel in Campbelltown. 

This auction event gained some outstanding results, selling 10 of the 16 properties submitted to auction – a 62.5% clearance rate. Here’s the summary:

RABY, 20 Tornado Place - SOLD BEFORE AUCTION

ROSEMEADOW, 7 Miranda Place - SOLD!

INGLEBURN, 11 Moorhen Street - SOLD!

WOODBINE, 7 Barrenjoey Close - SOLD!

BRADBURY, 3 Gipps Street - SOLD!

BOW BOWING, 7 Hamersley Place - SOLD!

ROSEMEADOW, 1/20 Fortinbras Close - SOLD!

EAGLE VALE, 14 Diamond Place - SOLD!

MACQUARIE FIELDS, 2 Sixth Avenue – Not yet sold!

CAMPBELLTOWN, 57 Chamberlain Street - SOLD!

GLEN ALPINE, 15 Bishopscourt Place – Not yet sold!

RUSE, 17 Cudgegong Road - SOLD!

CAMPBELLTOWN, 25/31-35 Chamberlain Street – Not yet sold!

ESCHOL PARK, 10 Eschol Park Drive – Not yet sold!

ROSEMEADOW, 39 Hamlet Crescent – Not yet sold!

CAMPBELLTOWN, 1/182 Lindesay Street – Not yet sold!

11th NOVEMBER AUCTION EVENT STATISTICS:

• 10 of the 16 properties submitted to auction SOLD – a 62.5% clearance rate.
• Of the properties SOLD, our team achieved an average of 23 buyer inspections per property during the intensive 21-day marketing campaign leading up to the auction.
• Of the properties SOLD, there was an average of 4.8 bidders vying for each property. 

It was a fantastic auction night! Everyone worked so well together to create the best possible auction night, and it transpired to excellent results. There is also strong interest in the properties that didn’t sell on the night, and I am confident they will be sold this month. 

Thanks again to our outstanding Auctioneer, Paul Casarotto, and the wonderful support from Domain, The Macarthur Advertiser and Harcourts NSW.

Renovate your Outdoor Space

Australians love nothing more than outdoor living areas, and with the warmer months ahead, it makes a lot of sense to make the most of your outdoor space. 

If you are looking at selling your home in the future, refining your outdoor living areas doesn’t have to cost a lot, but can greatly increase the appeal and selling price of your home.

Provide outdoor entertaining

A good outdoor entertaining space is highly sought-after by buyers. This could take the form of a deck, a pergola, a retractable sun-shade, or verandah.

Also consider the inclusion of an outdoor barbeque and dining area.

Outdoor lighting

In the evening, a garden or an entrance looks wonderful with good lighting. It can emphasise a feature or hide a blemish. Carefully selected lighting can create a wonderful effect that makes your property very desirable. 

There is a huge range of solar lights available that can achieve a wonderful effect without wiring.

Don’t forget to organise the inspections of your home at a time that shows your lighting off!

Car spaces

Off-street car spaces are worth a lot, both in dollars and convenience. Covered off-street parking such as a carport or a garage is right at the top of the list for many buyers.

Landscaping

Defined landscaped areas can add hugely to the overall presentation and desirability of your home – however it can detract if done badly. Achieve a balance between easy maintenance, water efficiency, and hard and soft surfaces to create a landscape in which your property stands out.

Consider the plants you choose, as some are better at certain times of the year. With a bit of research you can have a garden that changes, having different features for every season.

Property Value Factors

When it comes to appraising a property’s value, the building and its attributes plus land value are the main factors. 

Below is a guide on contemporary attitudes towards property values of residential homes:

Bedrooms

The number of bedrooms is a highly important factor when estimating a property’s value. Over the last 50 years the number of bedrooms in a typical home has grown from two to four, but the average household size has decreased. 

Regardless of this shrinking household size, the desire for larger homes remains strong and the market tends to put higher value on four bedroom houses and three bedroom apartments. Extra bedrooms offer flexible lifestyle options such as a home office, hobby room or guest bedroom.

Bathrooms

The number of bathrooms and toilets is second only to the number of bedrooms when it comes to buyer interest. The market looks for a second bathroom and/or en suite bathroom. 

Storage

This is an underrated influence on value. Homes with plenty of storage spaces are more highly valued.

Multiple living areas/ theatre room

Buyers place a higher value on homes with multiple living areas or a home theatre room. A room with flat screen TV, surround sound and comfy chairs are always in demand.

Garaging

Secure car accommodation is still highly important to buyers. Most households have two cars, so double car garages or larger are sought after.

Kitchen

A well-designed, functional and spacious kitchen with quality draws and cupboards, bench tops and appliances is a priority for today’s home buyers.

Outdoor entertaining area

Whether it’s a simple social space with a modest outdoor setting, or a lavish BBQ and entertaining area, a functional and sheltered outside space that expands the living area of the home is high on buyers’ want list!

All of these factors come together to establish an estimated selling value of the home.

At Dougmal Harcourts – The Property People, when we appraise a property’s value, we take in to consideration all of these attributes, plus current and relevant nearby sales to establish an estimated selling price for your home. Speak to one of our Sales Consultants and ask for a ‘Market Appraisal’to receive all of this up-to-date information personalised to your property.