Developments around the new Northern Beaches

Developments around the new Northern Beaches Hospital are expected to boost property activity in the area.

Sold for 9.6 Million
Sold for 9.6 Million

Sydney’s northern beaches are becoming very active with new developments and infrastructure spilling over from the busier areas of Macquarie Park, North Ryde and even Chatswood.

While it’s a niche market, agents say demand is rising from a range of tenants looking for campus-style properties, larger number of car-parking bays, but without the higher prices of the more established northern suburb commercial hubs.

Generally, office vacancy is sitting under 10 per cent, while industrial sites are becoming rare which has bumped up prices.

The new development around the new Northern Beaches Hospital is expected to have a positive impact on property activity in the area, with Frenchs Forest anticipated to undergo gentrification in the coming years

There is also the proposed redevelopment of the North Head area, possibly into aged care or hotel-style businesses.

The latest property sale in the area was at 18 Rodborough Road, Frenchs Forest. The 3435 square metre office building sold in an off-market deal for $9.6 million with a net yield of circa 10 per cent. JLL’s director of metropolitan sales & investments for NSW, Paul Hunter, and JLL’s director of industrial for North Sydney, Ben Byford, managed the sale of the property on behalf of a private investor to PAIM Pty Ltd.

Mr Hunter said the property achieved a good sale price given the anticipated increasing value of the wider area, and the security of current long-standing tenants including Conair, who has 1250 square metres of space in the office building.

“The Frenchs Forest area is undergoing an upgrade, with about $400 million in road infrastructure works planned to reduce traffic congestion, including overpasses,” Mr Hunter said.

“This area is becoming increasingly sought-after by investors who are looking at the long-term, projected growth for Frenchs Forest, taking into account planned infrastructure around the Northern Beaches Hospital.”

The Northern Beaches Hospital project is already well under way, and is expected to be completed during 2018. Proposed road infrastructure upgrades include areas of Warringah Road, Wakehurst Parkway, Naree Road and Frenchs Forest Roads.

Mr Byford said rents and capital values have been fairly stagnant in Frenchs Forest area over the past decade.

“However, this is likely to change with the arrival of the hospital and draft Local Environmental Plan with mixed-use zonings due to go on public exhibition in the coming months,” Mr Byford said.

Luke Crawford, assistant research consultant at Knight Frank, said the nothern areas of Sydney are performing well, helped by the conversion of offices into apartments, particularly in North Sydney and Chatswood.

“Rental growth has been most pronounced within the North Sydney and Chatswood prime markets over the past year,” Mr Crawford said.

“Commercial sales remain strong, totalling $1.2 billion over the 2014 calendar year.”

Massive waterfront property at Avalon set to fetch between $20 and $30 million

COULD this be the northern beaches’ most expensive property?

It might not have the monster mansion, the wet-edge pool or the tennis court.

But it does have what is being touted as Sydney’s largest private beachfront property with more than 119m of private beach, a deep waterfront and a jetty/wharf.

And it could be yours if you have somewhere between $20 and $30 million.

‘Marara’ as it is called, stretches across 12,685sq m of waterfront in Cabarita Road at Avalon Beach. With six separate titles, the property includes three homes, two boathouses, one massive wharf/jetty and a slipway.

Hot Homes: Does size matter?

COULD this be the northern beaches’ most expensive property?

It might not have the monster mansion, the wet-edge pool or the tennis court.

But it does have what is being touted as Sydney’s largest private beachfront property with more than 119m of private beach, a deep waterfront and a jetty/wharf.

And it could be yours if you have somewhere between $20 and $30 million.

‘Marara’ as it is called, stretches across 12,685sq m of waterfront in Cabarita Road at Avalon Beach. With six separate titles, the property includes three homes, two boathouses, one massive wharf/jetty and a slipway.

 

Financier Peter Higgins at Cabarita Rd which is for sale for only the second time in 80 y

Financier Peter Higgins at Cabarita Rd which is for sale for only the second time in 80 years.

The owner is Peter Higgins, one of the original founders of Mortgage Choice. Mr Higgins and his brother Rod set up Mortgage Choice in 1992 and both remain shareholders and directors of the company.

In recent years Mr Higgins has expanded his business interests internationally in the technology sector, and is an active member of the polo community. He now calls a 500 acre riverfront property in Richmond home.

However he came back to his beloved Marara to show it to the Manly Daily.

“You can only do so much with one life,” he said when asked why he was selling up. “We have so much happening we just don’t get to come here like we used to.”

A jetty and deepwater position allows for the biggest of crafts to be moored onsite.

Beautiful Seaforth!

Seaforth was namesd after Loch Seaforth, and Seaforth Island in Scotland.  The land in this area was once owned by Henry Halloran, who subdivided the land in 1906.270px-MiddleHarbour

Veiw of Middle Harbour from Seaforth.

There are more families with young children than typical. While the median age was 39 years, compared to the national median of 37 years, children aged under 15 years made up 25.7% of the population (national average is 19.3%) and people aged 65 years and over made up 12.6% of the population (national average is 14.0%).

Maximise Your Investment Potential

Actively managing your property investment portfolio is vital to the success of any positive investment return. However, this may not always be as straightforward as it sounds, and the best way to approach your investment is to treat it like a business. This is where your property manager can be an integral part of your approach, as they can help your investments achieve premium results.

Your property manager will help you keep your own investment goals in mind, such as capital growth and a steady rental return. The rent you receive will ultimately help you pay off your investment, and the rental return will also be a key factor in determining the future sale price of your property.

Your property needs to remain competitive to attract tenants, and as such, your property manager will help you review the rent regularly, say every six or 12 months (and with every change in tenancy), to ensure it remains competitive in a market sense.everything-in-the-apartment-follows-modern-and-luxury-interior-design-951x635

Finally, your property manager can assist in identifying investment property expenses that can be claimed on tax. Claimable expenses can include advertising for tenants, bank charges and body corporate fees, not to mention maintenance outlays such as cleaning, gardening and pest control. However, it is always wise to consult your financial adviser in these situations as well, to ensure you are receiving the full range of financial advice.

 

 

 

Stunning Home In Avalon

IT’S a spectacular four-bedroom residence which is expected to fetch a multimillion-dollar sale.

Jamie Durie’s stunning home at Avalon on Sydney’s northern beaches is designed to look like a whale and was completed just nine months ago.

An observation deck at the top of the house is the shape of the mammal’s stomach, while the zinc roof is in the style of a whale’s tail.214997-35b09a46-3816-11e4-a634-c008c164be37214943-34ff1046-3816-11e4-a634-c008c164be37214393-398fa9cc-3816-11e4-a634-c008c164be37214865-3bccc1e8-3816-11e4-a634-c008c164be37215023-3448c494-3816-11e4-a634-c008c164be37

Magnificent Harbourside Manor In Sydney

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Located in the popular Point Piper area, this luxury manor was built around 1920 and is filled with refined period features, including high ceilings and resorted fireplaces, as well as herringbone parquet floors and original leadlight windows.

Only moments away from the idyllic Seven shillings Beach, the manor is situated close to some of the countries most high regarded schools and is only 4km from Sydney city centre, making it within easy reach by car or public transport.

Inside, the manor boasts a state of the art Calcutta marble island kitchen complete with a butler’s pantry, as well as stainless steel worktops and integrated Miele appliances.

The ground flood is devoted to both living and entertaining, providing a banquet-sized formal dining room, as well as a formal lounge, sitting room, billiards room and a large home theatre with harbour views located on the top floor.

Priced at $6,000,000, the house includes five bedrooms, all featuring built in robes, while the master bedroom enjoys a sitting room, dressing room and terrace area, making it the idea home for family who enjoy time and space of their own.

 

432 Park Avenue New York

432 Park Avenue – this is the address of the New York skyline’s newest ornament and of the tallest residential tower in the Western Hemisphere. Towering up to 1,396 ft, the skyscraper offers 104 apartments at 30,000 sq ft each with 12.5 ft ceilings, 10 x 10 ft windows, and prices ranging from $16,95 million to $82,5 million.432-park-avenue-manhattan-residential-tower-architecture-9

Stewart Imwold, Veteran Real Estate Agent

STEWART Imwold, the veteran real estate agent who sold property in the Collaroy area for almost four decades, has died of cancer.

Mr Imwold founded the Collaroy agency The Professionals in 1977 and built it up to one of the best-regarded businesses in the area. Fifteen years ago he switched premises and brands and continued to develop the business as Elders Collaroy.

Mr Imwold was on the board of directors for the Elders franchise and an active member of the consultative committee for the Elders Group.  251074-5f65da4e-9ab4-11e4-9926-27def9b63190Beyond work the 68-year-old loved cycling and bushwalking. Mr Imwold leaves his wife, Julie, and daughter Frances who are now the new directors of the company.

Stewart’s positive and loving nature wil be forever missed by all!

 Stewart Imwold & Carolyne Hawkes
Stewart Imwold & Carolyne Hawkes

 

Supply and demand in Collaroy The level of competition in a suburb can affect prices and availability.

High demand market
1000
Visits per property
421
Visits per property
Supply and Demand data from 01 Feb 2014 – 31 Jan 2015.

To give you an indication of the level of competition in Collaroy, the ratio of demand relative to supply is considered.

Demand is calculated as the average number of visits per listing per month over the last 12 months to realestate.com.au/buy and realestate.com.au/sold that included at least one property details page view in Collaroy, NSW 2097. Supply is calculated as the average number of property listings per month that have been viewed at least once that month on realestate.com.au/buy and realestate.com.au/sold in Collaroy, NSW 2097 over the last 12 months.

The level of demand for individual listings varies. The data above shows the average for the suburb. realestate.com.au makes no claim about the statistical significance nor accuracy of the data. Please note: This information is based on realestate.com.au data. The purpose is to give buyers and sellers an indication of interest in properties in the suburb, based on that data. It is not a definitive representation of market supply and demand.