Happy 15th Birthday R&W Seaforth
On Wednesday this week the Winning Team at Richardson & Wrench Seaforth had its 15th Birthday.
At R&W Seaforth Balgowlah we recognise that you & your property needs are the reason we are in business.
So we simply wanted to say thank you to all our clients past and present for your support.
To our future clients – whether you’re looking to buy or sell, need advice on the decision to renovate or move or need your property leased or managed - we are always here to help & look forward to being of service for many more decades to come.
Our mission has always been to deliver you our ‘five star’ service in every step of your property dealings. We see our role as taking the stress out of one of your life’s most important transactions and ensuring we look after your best interest at all times.
It’s Interesting to look back over the past 15 years with the market trends & movement. Even more so for Glen Wirth who has been selling in Seaforth since 1978. For your review we have done a quick summary of our surrounding suburbs prices. The median price achieved in 1995 when our office opened and then compared it to the median price for the past 12 months.
Seaforth $400,000 $1,248,000
Balgowlah $335,000 $1,105,000
Balgowlah Heights $462,500 $1,750,000
Clontarf $745,000 $2,500,000
Fairlight $343,000 $1,130,000
North Balgowlah $277,000 $975,000
A lot has changed and we look forward with interest to reporting and comparing where prices are in another 15 years.
We look forward to seeing you at our opens and auction this weekend! Click Here for our inspection times.
Best Wishes,
The Team at Richardson & Wrench Seaforth Balgowlah.
To keep an eye on this week’s reported Seaforth real estate, Clontarf real estate, Balgowlah real estate, Balgowlah Heights real estate and North Balgowlah real estate Click Here*
*Sales are as reported by Australian Property monitors on 20/05/2010
21.05.10
Hi Team RW,
I just did a quick exercise in Excel where I put the 1995 figures in one column, then capitalised interest at 8% for 15 years on those figures (*1.08^15) and put the results in the next column. They turned out very close to your 2010 values!
So homeowners have experienced an appropriate return on their cumulative/compounded mortgage payments. They’ve however gotten free rent! But perhaps paid this rent figure back in terms of council rates and substantial capital improvements and maintenance over 15 years.
If someone wants to undo my reasoning or provide a less “quick & dirty” analysis of the numbers I’d be curious to see it.
cheers ….. Matt