Author Archive

RWM – Office Hours Over Christmas & New Year

Our office will be closed from midday December 23 until January 9 2012. For any parties wanting to contact one of our sales agents to arrange an inspection during the period that we are closed here are the contact phone numbers.
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Stephen Patrick – 0413 834 848
Richard Simeon – 0411 499 906
Robert Simeon – 0411 856 969
Mark Manners – 0403 032 700
Jacqui Rowland -Smith – 0411 714 442
Marize Bellomo – 0414 972 203
Andrew Blaxland – 0414 060 126
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We wish each and every one of you a very Merry Christmas, a prosperous New Year, health and wealth in 2012 and beyond.


Investors going back to bricks and mortar?

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Rob is still on holiday and we are one week away from The Great One’s return. Ah! It’s been so peaceful and there is not too much real estate news to talk about since Richard’s report last week, so this will be short and sweet!

As I write, we are aware that the stock market has fallen around 4% this morning, on the back of the American fall overnight.    News from Europe is grim and this is reflected in consumer confidence. We are now a saving nation not a spending one.   The banks are having the biggest influx of funds into their savings accounts, in 30 years.

With the strong Aussie dollar, figures announced today say that 1.5million  more Aussies went overseas for trips than tourists coming in;  asure sign that the high dollar is affecting all parts of our economy!

Now in  past decades, when the stock market went down, the Real Estate market went up.    This hasn’t been the case for (probably) the last 10 years when the Stock Market became the be all and end all of investment funds.

However, I sense a change. The unit market in the $400k to $1m range has been quite strong for some home buyers and investors.

Stock levels are still low in the housing department, with prices fluctuating on a weekly basis, pending press reports.  But overall, steady at the lower end and more fragile at the top end, although great homes still get great prices.

Trading in the same market is the key and there are definitely some bargain buys around in the market if you keep your ear close to the ground.

I won’t bore you with any more rhetoric or theory on real estate. There is so much information to read on a daily basis already and I don’t want to steal Rob’s thunder for next week.

 

BUY PRINT

On a different note, Mosman news this week was all about the Bomb Threat in Clifton Gardens.  Great news that Maddy is safe and well, as is the Pulver family after this most horrific incident.

Our thoughts go out to the whole family, who are great people well known to most of us here, the local footy club and local schools.

While on the local scene, we wish the Junior clubs we support, Mosman Swans AFL, Mosman Netball, and Mosman Junior Hockey all the best for their semi-finals which are fast approaching.

For this week’s sales in Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

That’s all folks - see you at the opens….

Steve

Principal


Merry Christmas!

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To all of our wonderful subscribers,
Wishing you a safe and prosperous festive season!



Our office will be closed from December 24th until January 4th, but if you need to contact us, here are our details (please send a text as well as some of us will be overseas).

Stephen Patrick: 0413 834 848 stephen@rwm.com.au
Robert Simeon: 0411 856 969 robert@rwm.com.au
Richard Simeon: 0411 499 906 richard@rwm.com.au
Mark Manners: 0403 032 700 mark@rwm.com.au
Andrew Blaxland: 0416 060 126 andrew@rwm.com.au
Taylor Law: 0423 506 055 taylor@rwm.com.au
Anna Leadbetter: 0450 217 587 anna@rwm.com.au
Gillian Fredericks: 0411 440 805 gillian@rwm.com.au
Eleanor Smith: 0438 295 488 eleanor@rwm.com.au

Cheers,
Steve


Match Report: Mosman V Burraneer Under 13A’s @ Balmoral Oval

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Congratulations,

Finally we are in the Grand Final for the plate this weekend ..where we deserve to be in my opinion. To me it really is a play off for third or fourth in the main competition overall as the promotion of three teams and the wet weather completely stuffed up the points system. The good news is we win a plate if we win on Sunday.

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Now … last Sunday’s game – what a great result. Only minutes before the game did we know who was fit enough to run on. The walking wounded and the sick all arriving in all forms of disrepair!

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At one stage we only had 14 and looking shaky.

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With Eddy still on crutches and Jock in fashionable moon boots, Alex out from a neck injury the day before, ( luckily just bruising), Mitch, Sam and Banjo all limping from bashing each other up the day before (Joey’s v Shore) and Josh climbing out of bed with a virus to help out, I was starting to think this was going to be a tough day in the Oval Office!

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However, the boys all agreed that had to ramp up that little extra to overcome the adversity, Campbell took over as skipper, Will Collard stepped into Banjo’s big boots ,Oscar moved to centre Sam Harrison from back row to wing again.. so on we ran into battle.. shaken but not stirred!

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As I have stated previously about Burraneer they are a very tough defensive side, I found out on Sunday nine of their boys play rugby league on Saturday, hence their great tackling defence.

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We changed tactics and decided to attack down the blind side away from their crash tackling centres or chip over them in open play.

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From the kick – off the boys were positive and aggressive, Balmoral Oval was hard and dusty as both sides launched into it. After a few minutes Will Collard cleverly switched play down the blind side and sent Sammy H on a run, as the defence closed he grubbered ahead… the race was on, Ben Reader was on the spot (as always) to gather the ball and race over to score. Locky  P converted from midway from the side line … Mosman up 7-0.

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The forwards were right into it, Tommy was crunching them in defence and giving them grief with his usual bullocking runs. Ben Wicket continued his good form in the tight stuff his work rate better every week and making his physical presence felt, as was Hugh and Gus (these two are really hitting there straps as well now) and Josh who was running hot in form and temperature (now about 101*) .. in short the engine room were all running hot. The reason we are winning is our tight five is  dominating and giving us go forward. Well done you boys – another outstanding effort.

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Joe was winning some fantastic lineout ball and making his usual thousand (in Ray Warren voice) tackles a game, and Ben Reader was mighty at the breakdown. Joe and Ben shut down Burraneer’s best dominant forward at the breakdown, as discussed prior to the game, this was a huge challenge and they rose to the occasion.

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Campbell as usual was dominant all over the paddock and was having a great captains game leading by example, he was rewarded soon after with another try from our chip and chase tactics, which saw Burra reeling and now down 14-0 after the conversion next to the posts.

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Burra hit back, and soon scored out wide and it was 14 -5 shortly before half time.

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In the backs Oscar was having a whale of a game tackling everything that moved in midfield, Ben was doing likewise and setting up some good backline moves for Remy to chime in and give our winger Sam and Mitch a few good runs.

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Locky at 5/8 was having his best game in that position varying play nicely with some kicks ,runs and slick service, but more importantly .. bringing the backs up in a good straight defensive line.

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After the break, Josh was having a well earned rest, Locky Miller replaced him with fresh legs and got stuck in straight as he always does, then Banjo and Sam Allen came on to see if they could put in half a game with their crook legs as Mitch and Will (who had a great game for us filling in for Banjo) had a rest.

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Both sides set off at a cracking pace again, the game tightened no team was giving an inch, the boys from Burra were not going down without a fight, but nobody messes with the Mosman 13A Whales!!

Banjo turned them around again with his clever kicking, Sam Allen had a great 50m run after a good backline move, we were playing good clever 15 man rugby everyone from Remy at fullback (still in great form) to Gus at hooker involved.

A  terrific penalty goal from Locky P put us ahead 17-5 with some breathing space, but Burra came back again, will they ever quit these guys? NO !!

After 7 straight penalties to Burra (will this Ref ever give us a break!) they scored and converted to trail Mosman 17 -12.

The boys held on to full time and thoroughly deserved their win. They showed great heart and  team spirit.

Oscar put in a great man of the Match performance closely followed by Captain Campbell, Tom the” Horton Express” and every other player deserved a wrap.

So the walking wounded made the grand final on Team Spirit,,Courage,,Neurofen,Voltaren,and lots of bandages.

To say that Jane and I are proud of this team is an understatement, all the injured boys are there every week to cheer their mates on, they play sick and injured for each other.

Remember also, many, I mean many players go their whole Rugby life and never play in a Grand Final or have a chance of winning a medal, so lets enjoy the experience and give it our best shot,win, lose or draw from here all these boys are already winners.

NOW BRING ON COLLAROY…..

Cheers

Coach


Is the pulse beating faster?

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The last few weeks (months actually) have been lacklustre to say the least. While sales in the unit market have been strong, with most units between $500k and $800k selling in a week if sensibly priced, the top end of town has struggled, as you all know.

But wait … a bleep on the screen, then another and another … all in a week. Yes, we are starting to see some aggressive buyers getting back into the market.

With a good sale in Burrawong Avenue last week, coupled with one in Burran Ave and another in the middle of Balmoral underway  (the 3 sales ranging between $4m and $8m ), it seems the local Mosman agents have some traction, with the smart money moving in when all seemed quiet on the Western Front.

The Spit

BUY PRINT

As my first boss in real estate 30 years ago told me, the smart money buys in gloom and sells in bloom.  One just has to have the nerve to be the first amongst one’s peers … who all seem to be experts in property.

Robert managed to sell 2 properties between $2m and $3m from his deck chair in Thailand (we might pay him to stay there and work), so it could be game on after the election.

This week we launched a fabulous home at 22 Richmond Avenue, Cremorne and the response to the ads has been fantastic. We might be in for a busy weekend!

The Australian quoted economist, Craig James, this week saying, “It is a case of mission accomplished for now for the RBA”, who said the economy was growing strongly.

We are not going to get carried away with all the ‘talk’.  We know a lot of people are doing it tough in their businesses and caution will remain a common theme.  However, like all business people, we like to see light at the end of the tunnel. Now Robert would jump in here and say the NSW Government is inept and doesn’t know how to build tunnels, but luckily this tunnel is built on statistics and confidence, not steel and concrete.

Stay tuned as the election looms. We hope to see you out and about.  Robert will return next week to liven things up. He loves election time!

Cheers

Stephen

This week’s sales Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here


Rangas, budgie smugglers and real estate!

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Robert is on holidays and I will not even try to match his massive output.  I realised just how much preparation and research goes into his weekly column when I sat down and wondered where to start!

Robert will be doing his best work this week in Thailand (similar to Sir Les Patterson as the Australian Cultural Attache).   With the election looming, he will no doubt be explaining to the Thais what “budgie smugglers” are and what “ranga” means in the Australian vernacular.

Election … how will it affect our real estate market, you ask?  Well 10 years ago and beyond, people always sat on the fence until they saw which party was elected and how the result could possibly change their lives.  Three  months later (usually) things were back to normal!   However, today, many voters are not too concerned as they think both parties are closely aligned  in their business outlooks.

As one of our clients said the other day, “we have recently had 12 years of a Liberal Government so if they get back in we know how they operate”.  Too true!

We believe the election will come and go with lots of the usual stuff from both parties and then we will sit back and worry (as we do now) about the world economy and where it is going.

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longueville

BUY PRINT

This year’s real estate market has been interesting to say the least. It started very cautiously in Jan/Feb with positive news coming out of the USA.   This was reflected in March and up to Easter when quite a lot of property was sold as buyers moved in confidently to secure their family homes.

At the same time, while  people were away enjoying their Easter and School Holidays, Greece was in financial crisis and the Aussie Govt declared a new Mining Super Tax.

The Results were devastating!  The ASX fell through the floor (12-15%) in a week and the shutters were pulled down on the property market as everyone jumped back on the fence, to sit and watch.

My experience  selling real estate over the past 30 years has been that when there is a major setback in the market there is a three  month period of “wait and see”  before people jump back into the playing arena.  That three  month period is about up, as we have just had our July holidays, which, in our business, normally coincide with the quietest month of the year.

We have seen more buyers at our “opens” this week as some see this as a good time to buy when there is not too much competition around. The market presently represents good value and the bold buyers will probably be the big winners in the long term.

We anticipate that August /September will see more turnover of stock at the current levels and then a steady run into Christmas. Interest rates rises, which are still a topic of conversation, will have a bearing  in Western Sydney, rather than on the Eastern Seaboard but will keep prices in check across the board.

Look forward to seeing you at the opens, in the Village or on the sidelines somewhere soon.  Now I am off to find an orangutan wearing speedos, so i can send a photo to Rob in Thailand.

This week’s sales Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

Steve.


RWM – Office hours over Christmas and New Year

Our office will be closed from December 24 until January 4 2010. For any parties wanting to contact one of our sales agents to arrange an inspection during the period that we are closed here are the contact phone numbers.
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Stephen Patrick – 0413 834 848
Richard Simeon – 0411 499 906
Robert Simeon – 0411 856 969
Mark Manners – 0403 032 700
Jacqui Rowland -Smith – 0411 714 442
Marize Bellomo – 0414 972 203
Taylor Fidan – 0423506055
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We wish each and every one of you a very Merry Christmas, a prosperous New Year, health and wealth in 2010 and beyond.


Tips, trends, warnings and advice

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With Robert returning today, it’s Steve and Richard’s last chance to throw a few more thoughts your way. So next week, watch out for more contentious and newsworthy journalism. Good luck out there to our vendors and purchasers alike. We wish you happy property hunting as we move into Spring.

Tim Mooney Photography

www.timmooneyphotography.com

RICHARD’S FIVE REAL ESTATE TIPS

•Investment tip of the month – without doubt, Holsworthy is now flush with bargains. Nice semi-rural setting although there may be a few local security issues.

•Interest rates on hold for the last time? – It’s probably a fair call. Although this is a negative thought for most, it is a positive sign for boosting the real estate market. We are at the bottom and the only way is up, so there is no reason for buyers to delay purchasing. Our banks are over it and they want to make money, so watch-out!

•Potential vendors, if you plan to sell in the next 12 months, I think the time is now! Buyers are screaming for more choice and they will to commit to a purchase. With less property on the market, buyers are forced to compete; simple forces of supply and demand apply, so sale prices will be higher this quarter. Interest rates are still very low and ‘the media’ hasn’t started its next wave of negative real estate commentary, which is sure to happen when the inevitable inflationary spike eventuates.

•Don’t let your agent under-quote your property in this market, claiming this is the best way to drive the price up, or blaming the tough market. The reality is, that although prices are firming, the market is still soft and more than ever, every buyer wants real value for money. No buyer today wants to believe that they paid the asking price in this market. Every agent will have excellent comparable sales to determine and justify a strong value for the property they represent, which every good buyer needs to appreciate.

•To determine the best agent to sell your property, the most important question is: “Tell me the strategies you will use to achieve the highest possible price and what do you do differently from other agents?” Today, more than ever, the difference between a good and poor result will cost you up to 20%. So, by choosing the wrong agent and agency, you could be risking hundreds of thousands of dollars. Any agent can quote a potential high sale price, but if they cannot convince you how and why they will achieve that price, then it won’t happen in the market.

HOT REAL ESTATE TIPS FROM STEPHEN PATRICK

•Timing – It is vitally important to get the selling period right when putting your property on the market. In suburbs like Mosman, many families have weekend properties or holiday homes that they head off to for the school holidays. Hence, on the Lower North Shore, our open inspection numbers can drop by over 50% during school holidays. So if we have an extensive marketing programme booked, we make sure that it falls between school holiday periods.

•Presentation – This can make a huge difference. For example, if the furniture in the house has been bashed to bits by your kids over the last 20 years, it may make the house look old and tired. It is often hugely successful to rent new furniture for a 4-week marketing period to maximise your price. Obviously the flooring and paint on the walls also have to be in good order to set off the furniture. This presentation can make a huge difference to the end price.

•Concept Plans – For properties that are under-developed, where there is extensive potential to extend and upgrade, we often have an architect draw up concept plans to give buyers ideas of what can be done to fully maximise the property’s potential. Fabulous computer images cam be produced to help buyers visualise the property on completion.

•Facts & Features – Many quality homes have numerous features of interest to buyers – too many to list on a standard sales brochure. With so many available choices of tiles, stones, c-bus systems etc. it is important to transfer all the information to the buyer when they are considering the property. All the extra quality features in the property substantiate the high price expectations. A house that cost $1m to build can seem an exact replica of a $2m home of higher quality with extra technology, but much of the extra cost is hidden unless we specifically let buyers know.

•Landscaping and Gardening – It is also important to have your gardens in order. The front entrance is particularly important to create that very important ‘first impression’.

•A Makeover – Can work wonders and this could include the cleaning of tiled/sandstone paths, a house wash and new colourful plants added to the garden. There are several companies who will do this at a very competitive price.

Kindest regards and good luck!

Stephen Patrick (Principal) & Richard Simeon (Director)

For this week’s recorded Mosman real estate, Cremorne real estate, Neutral Bay real estate and Cammeray real estate sales www.rwm.com.au/news/


It’s good news week!!

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With Robert still sunning himself in Thailand, I will make today’s report brief, as I know I cannot compete with the master!

I think Richard Simeon’s column last week sums up my opinion of the market as well. For the first time in 12 months, we are getting some positive reports from economic advisors.

I, like many I am sure, get up every morning and switch on to the international business channels on Foxtel. It gives a reading or a ‘pulse’ of what is happening around the USA, Europe and the UK. For the past nine months, it has been depressing to hear the daily doom and gloom. Lately however, although the news has been cautious, it has been more up-beat and positive. The stock market seems to have bounced back of the bottom and stabilized and this is what I believe has also happened to our market.

Tim Mooney Photography

www.timmooneyphotography.com

As you know, our recent spate of sales in May-June saw us selling lots of houses and units…….a pleasant change, I must say!

Because the market has bounced back and stabilized, the bargain hunters will struggle to find a bargain and will have to pay a fair market price – I repeat ‘fair’, not bullish.

I feel people who bought in the past six months, may have bought at the bottom, although not all were at bargain prices. Some prices were very strong, because they were prime properties in prominent positions.

I had a meeting with an old real estate colleague this morning, who has been in the game for 25 years. He is marketing a project at ‘Top Ryde City apartments’ which is a huge retail, commercial and residential development in Top Ryde. It is apparently the biggest development of its type in Australia.

Tony tells me that last week end, they sold 47 units off the plan – not to first home buyers, as they are too dear for that market. All the buyers are local families and investors. This shows that the tide has turned and people are confidently getting back into real estate. Tony’s comments were ‘we are coming out of this downturn much faster than the early 90’s, which dragged on for three years”.

The local market is short on stock not short on buyers, so this in itself, will keep prices steady. So I think it may be time for the ‘fence sitters’ to make a decision and get back into the market before they miss ‘the best home for them’ by being too price sensitive and not practical.

I hope everyone has enjoyed a great school holiday break and look forward to seeing you at the ‘opens’.

Cheers,

Steve

P.S. For all those interested rugby followers, the Mosman U12’s Cuda’s tour of N.Z. was a 3-0 white wash for our local team – winning all three games in Queenstown. Luckily, Robbie Deans who lives in Mosman now, can run his eye over some future Wallabies!!

For this week’s recorded Mosman real estate, Cremorne real estate, Neutral Bay real estate and Cammeray real estate sales www.rwm.com.au/news/


RWM – Office hours over Christmas and New Year

Our office will be closed from December 24 until January 5 2009. For any parties wanting to contact one of our sales agents to arrange an inspection during the period that we are closed here are the contact phone numbers.

Stephen Patrick – 0413 834 848

Richard Simeon – 0411 499 906

Robert Simeon – 0411 856 969

Mark Manners – 0403 032 700

Jacqui Rowland -Smith – 0411 714 442

Marize Bellomo – 0414 972 203

Belinda Holmes – 0421 735 150

We wish each and every one of you a very Merry Christmas, a prosperous New Year, health and wealth in 2009 and beyond.


The early bird catches the real estate worm

As you may well be aware, Robert is having a well-earned break for two weeks in the sun, re-charging his batteries and finessing his writing skills. It is impossible to compete with Robert’s passion and commitment to his newsletter. Suffice to say, he spends hours and hours every week researching and analysing the real estate market to pass valuable information on to our clients. It truly is a mammoth effort and we should know – we empty his office every week of all the articles and reports he studies. Continue reading »