Gittoes Gosford Report Oct 18 - Mar 19
NORTH GOSFORD

GOSFORD MARKETPLACE REPORT
Oct 2018 - Mar 2019
1


Your agent
Richard
FAULKNER
43 $445,000
AVERAGE DAYS ON MARKET
AVERAGE SELLING PRICE
CAREER RECORD
2
$3million


Gosford
Median Sale Price
Stats
$436,500
Highest Sale Price
$2,500,000
Lowest Sale Price
$227,500
Total Sales
58
Market Update
SALES
Average Days on Market Average Sale Price Buyer Activity
RENTALS
Rental Yield
Average Rental Return-Unit Tenant Activity
4th QTR
Oct - Dec 18
100 $446,000 112
4.4% $380p/w 340
1st QTR
Jan - Mar 19
71 $436,667 69
4.5% $380p/w 353
TREND
down 29% down 2.09% down 38.4%
up 3.82%
* Data supplied by realestate.com.au
3


Australia’s property and housing market
under the microscope.
4


As you have probably heard over the past months, there has been a lot of attention given to the property market, with the Royal Commission in to banking and the proposed First Home Buyers Load Deposit Scheme under the re-election of the Coalition.
So how does this affect you?
The government introduced a new $500 million First Home Loan Deposit Scheme for rst homebuyers to help them get a foot in the door. This will give 10,000 rst homebuyers the opportunity to buy a home
with only a ve per cent deposit, as opposed the usual 20 per cent.
Since the commencement of the Royal Commission into banking in March 2018, the lending practices of Australia’s biggest banks have been under the spotlight. The negative publicity during the Royal Commission kicked the banks
into overdrive last year, and they began to crack down on lending
by scrutinising borrowers’ living expenses when assessing their ability to repay loans. They started taking
a ‘forensic’ look at the discretionary spending on purchasing platforms like Afterpay & online shopping etc. These tighter lending practices have signi cantly reduced a purchaser’s ability to borrow, subsequently affecting the property market and housing prices. However, there was no directive for banks to further tighten their lending practices in Kenneth Hayne’s nal report into the nance sector.
On a positive note, properties are
still selling and there are many ways you can maximise the sale price of your home and reduce the time your property stays on the market.
1. Pricing the property correctly from the start
(This is one of the most important aspects of selling your home - if a purchaser can’t see value in your home it will go to the bottom of their list)
2. Target marketing
(Ensuring you capture the audience & attract the right purchasers)
3. De-cluttering
(If you don’t need it chuck it, presentation is key)
4. Styling your home
(Present your home so it appeals to buyers and shows-off its
full potential)
5. External presentation
(Mowing lawns, painting, gardening, pressure cleaning etc.)
5


2Bed•1Bath•1Car 2Bed•1Bath•2Car
3Bed•2Bath•2Car 2Bed•2Bath•2Car
Gosford
2/5 Beane Street West
695m2 land – SOLD $405,000
Gosford
7/2 Broadview Avenue 1157m2 land – SOLD $512,000
Gosford
13/19-21 Central Coast Highway SOLD $400,000
Gosford
29/19-21 Central Coast Highway SOLD $404,000
2Bed•2Bath•1Car 2Bed•2Bath•1Car
2Bed•2Bath•1Car 2Bed•1Bath•1Car
Gosford
45/19-21 Central Coast Highway SOLD $387,000
Gosford
6/71-73 Donnison Street West SOLD $550,000
Gosford
2/72 Donnison Street West SOLD $800,000
2Bed•1Bath•1Car
1/145 Faunce Street SOLD $370,000
Gosford
4/68-70 Faunce Street West SOLD $310,000
2Bed•1Bath•1Car 2Bed•1Bath•1Car
2Bed•1Bath•1Car
Gosford
2/72 Faunce Street West SOLD $305,000
Gosford
9/76 Faunce Street West SOLD $345,000
Gosford
Gosford
4/127-129 Georgiana Terrace SOLD $390,000
2Bed•2Bath•2Car 2Bed•2Bath•2Car
2Bed•1Bath•1Car 2Bed•1Bath•1Car
Gosford
16/127-129 Georgiana Terrace SOLD $500,000
Gosford
26/127-129 Georgiana Terrace SOLD $500,000
Gosford
3/165 Gertrude Street SOLD $430,000
Gosford
3/169 Gertrude Street SOLD $407,000
2Bed•1Bath•1Car 2Bed•2Bath•1Car
3Bed•2Bath•2Car 2Bed•1Bath•1Car
Gosford
2/177 Gertrude Street SOLD $328,000
6
Gosford
2/53-55 Henry Parry Drive SOLD $460,000
Gosford
11/53-55 Henry Parry Drive SOLD $Not Disclosed
Gosford
7/60 Henry Parry Drive SOLD $420,000
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD


2Bed•2Bath•1Car
Gosford
6/73-77 Henry Parry Drive SOLD $395,000
3Bed•2Bath•1Car
Gosford
2/84-86 Henry Parry Drive SOLD $415,000
3Bed•2Bath•2Car
Gosford
134/80 John Whiteway Drive SOLD $468,000
3Bed•2Bath•2Car
Gosford
364/80 John Whiteway Drive SOLD $445,000
2Bed•2Bath•1Car
Gosford
8/91-95 John Whiteway Drive SOLD $445,000
3Bed•2Bath•1Car 2Bed•2Bath•1Car
3Bed•2Bath•1Car
Gosford
21/73-77 Henry Parry Drive SOLD $435,000
4Bed•2Bath•1Car
Gosford
104/80 John Whiteway Drive SOLD $460,000
3Bed•2Bath•2Car
Gosford
363/80 John Whiteway Drive SOLD $470,000
3Bed•2Bath•2Car
Gosford
1/84 John Whiteway Drive SOLD $540,750
2Bed•2Bath•1Car
Gosford
7/73-77 Henry Parry Drive SOLD $505,000
Gosford
9/73-77 Henry Parry Drive SOLD $400,000
2Bed•2Bath•1Car 3Bed•1Bath•1Car
Gosford
14/107 Henry Parry Drive SOLD $405,000
Gosford
46 Holden Street
727m2 land – SOLD $1,125,000
3Bed•2Bath•2Car 2Bed•2Bath•1Car
Gosford
143/80 John Whiteway Drive SOLD $428,000
Gosford
241/80 John Whiteway Drive SOLD $389,000
2Bed•2Bath•1Car 2Bed•2Bath•1Car
Gosford
365/80 John Whiteway Drive SOLD $375,000
Gosford
445/80 John Whiteway Drive SOLD $400,000
2Bed•2Bath•1Car 2Bed•2Bath•2Car
Gosford
36/91-95 John Whiteway Drive SOLD $405,000
Gosford
2/92 John Whiteway Drive SOLD $435,000
Gosford
18/92 John Whiteway Drive SOLD $395,000
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SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD


2Bed•2Bath•1Car 2Bed•2Bath•1Car
3Bed•2Bath•2Car 2Bed•2Bath•2Car
Gosford
39/92 John Whiteway Drive $425,000
Gosford
505/97-99 John Whiteway Dr SOLD $503,000
Gosford
1003/97-99 John Whiteway Dr SOLD $Not Discl
Gosford
4/117 John Whiteway Drive SOLD $410,000
3Bed•2Bath•2Car 2Bed•1Bath•1Car
2Bed•1Bath•1Car 2Bed•1Bath•1Car
Gosford
14/117 John Whiteway Drive SOLD $452,000
Gosford
23/3 Joseph Lloyd Close SOLD $430,000
Gosford
16/1 Mann Street SOLD $392,500
Gosford
24/1 Mann Street SOLD $447,500
1Bed•1Bath•1Car 1Bed•1Bath•1Car
1Bed•1Bath•1Car 2Bed•1Bath•1Car
Gosford
32/72-82 Mann Street SOLD $365,000
Gosford
2/6 Margin Street SOLD $275,000
Gosford
1/8 Margin Street SOLD $227,500
Gosford
6/2-4 Mulkarra Avenue SOLD $410,000
2Bed•1Bath•1Car 2Bed•1Bath•1Car
4Bed•3Bath•2Car 2Bed•2Bath•2Car
Gosford
6/7A Riou Street SOLD $385,000
Gosford
9/11 Sinclair Street SOLD $345,000
Gosford
2/2 St George Street SOLD $590,000
Gosford
25/24-26 Watt Street SOLD $410,000
3Bed•2Bath•3Car 2Bed•2Bath•1Car
1Bed•1Bath•1Car 3Bed•2Bath•2Car
Gosford
40/24-26 Watt Street SOLD $480,000
8
Gosford
109/2 Wilhelmina Street SOLD $520,000
Gosford
201/2 Wilhelmina SOLD $400,000
Gosford
702/2 Wilhelmina Street SOLD $1,550,000
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD


Gosford
in Focus
You can’t turn the TV on, or read a news article, without seeing doom and gloom in the Australian Real Estate market.
Is it true?......... Yes & No.
Prices have come back a little, we have seen the median sale price in the area drop by 8% on average over the last 12 months, but we saw a 60% increase over the previous 5 years, which was the biggest “boom” ever recorded. What we are experiencing is the natural progression within the marketplace.
Realestate.com has seen suburb viewing numbers on their site drop by 55% over the last 12 months, so that’s half the number of buyers now looking for property in the area. We have also seen an increase of 35% in available properties for sale on the market since October 2018.
All these stats point to a downturn in
the market, however, there has been an increase in sales. Properties are still selling if they represent market value, otherwise you
may nd yourself siting on the market for extended periods of time.
I believe the market will continue on a downturn until the end of the year, before we see it starting to stabilise. A couple of contributing factors are the upcoming Federal Election with a possible change of Government, along with the conclusion of the Royal Commission into the banks.
Keep in mind, that if you are thinking
of selling in this market you will also be purchasing in the same market - it goes hand in hand. You might not achieve as much as you may have 12 months ago, but you won’t be paying as much for another property either.
If I can be of any assistance with your real estate goals, or you have any questions about the state of the market, please contact me.
9


Agency of
the Year GOSFORD
Richard’s Tips:
Richard Faulkner t: 0414 960 479
What to look for in an agent
CREDIBILITY KNOWLEDGE MARKETING
✓✓✓
WHAT TO LOOK FOR
IN A REAL ESTATE AGENT
FInding and choosing an agent is a big decision, here are some do’s and don'ts to help you decide.
✗✗✗
$ $$
HIGHEST PRICE
10
CHEAPEST FREE COMMISSION MARKETING
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Richard
Faulkner
57/91 John Whiteway Drive
knows
Gosford
201/80 John Whiteway Drive
He knows the market,
the people and the community.
“Richard has strong market knowledge and is
very professional. He always get back to any query very promptly and tries his best to assist us. We had very good experience dealing with Richard.”
6/7 Broadview Avenue
“I felt at ease and never felt pressured or rushed in any way. Richard proved to be an expert in the Gosford market, are articulate, patient and demonstrate emotional intelligence beyond his years. I am one happy vendor!”
9/68 Henry Parry Drive
6/7 Broadview Avenue
9/68 Henry Parry Drive
Give Richard a call if you would like to chat about how he can help you achieve your real estate goals – 0414 960 479
11
SOLD
SOLD
SOLD
SOLD


Richard Faulkner
D 02 4302 1764 M 0414 960 479 E [email protected] www.richardfaulkner.com.au
61 Victoria Street, East Gosford NSW 2250 T: 02 4323 3811 gittoes.com.au
Information about this report
This report only shows 6 months of sold properties; the median prices and market growth is calculated out over a 6 month period. This report is based on third party data which is provided by the agent/cy. Whilst care has been taken in the preparation of this report, neither the author nor the real estate agent takes any responsibility for any incorrect, misleading or inaccurate data. Please disregard this publication if your property is exclusively listed with another agent. Houses displayed are only houses which have sold in the quarter and been publicly listed. Properties listed are those sold by multiple agents/cies in the area.