1/99-101 Anzac Avenue West Ryde feature image

1/99-101 Anzac Avenue West Ryde NSW 2114 – Property Report

1/99-101 Anzac Avenue West Ryde feature image

This is a Preliminary Property Report for 1/99-101 Anzac Avenue, West Ryde NSW 2114.

In this Property Report I provide a Preliminary summary of what a Buyer needs to check before buying.

To purchase the COMPLETE PROPERTY REPORT for 1/99-101 Anzac Avenue, West Ryde NSW 2114, please click here.

As always, my aim is to give you Expert Advice, So You Buy the Right Property. 

The property information used in this report is from APM Pricefinder andDomain.com.au.


Property Listing Details for 1/99-101 Anzac Avenue, West Ryde

20 March 2019 – Property is listed as “Just listed – Property launch this Saturday”

“Just Listed” is just another way a Real Estate can market a property for sale.

The Agent will have the first open for inspection to gauge the level of buyer interest in the property. There is no price advice or price range. Well, not yet anyway.

Since the start of 2019, the property market has been soft. There are more sellers than buyers and buyers get to be picky and can dictate sale price. Buyers have are very little power to determine the sale price.

No Agent wants to set a price that is unreasonably high and possibly scare a potential buyer away. Having the price at “Just Listed” rather than an actual price will try to attract as many buyers as possible. Given the current property conditions, it seems like every offer made, even a low offer, will be considered.

I will keep an eye on any changes to the price guide and update this page.

Property Sales History

21 February 2013 – Sold for $480,000

26 May 2008 – Sold for $362,000

26 June 2001 – Sold for $307,200

<Property Data from APM Pricefinder>

Take note of the property sales history and in particular how long the current owner has owned the property. If the property is being sold within 3 years then it’s a ‘red flag’ and worth investigating further.

It’s a ‘red flag’ because the cost of purchasing a property is significant. An owner would not sell unless they had good reason to.

Is the Property Owner Occupied or Rented?

The property is a Owner Occupied.

An Owner Occupied property is likely to be in better condition than one lived in by tenants. Owner’s tend to look after their place better especially if they want to maximise the sale price.

Tenants are less likely to care how much the owner sells the property for. The biggest concern for a tenant is whether the new owner will move into property.

Check the Owner Occupied Ratio

West Ryde NSW shows an Owner Occupied Ratio of 57% and Renters at 43%. 

As a comparision, the neighbouring suburb of Ryde NSW has a owner occupied ratio of 61% and renters at 39%.

The Owner Occupier to rental property ratio indicates the % of owners to renters living in a suburb, a street or an area. It’s important to know who is living around you as this improves your awareness and safety of the area

 

Check Days on Market

Listing Date: 20 March 2019

Days on Market: 1/99-101 Anzac Avenue, West Ryde is being sold as “Just Listed”. If the Agent doesn’t receive a positive response from buyers using the “Just Listed” selling method, they will make change the marketing. As a second step, Agents may give a price guide to attract for buying interest. Keep an eye out of this.

Average Days on Market: For West Ryde, a 2 bedroom unit takes on average 57 days to sell.

As a comparison, take the neighbouring suburb of Ryde. For Ryde a 2 bedroom unit takes 90 days to sell. That’s a big difference to 57 days for West Ryde.

 

The Days on market indicates the number of days the property has been listed for sale with the particular Real Estate Agent.

When a property takes longer to sell than average then you must do some further investigation as to why?

The longer a property stays on the market, the more suspicious buyers become. Buyers will often suspect there are building or other related issues.

If the property stays on the market too long (versus say the suburb average), then the property becomes “stale”.

Detailed Research

To purchase the COMPLETE PROPERTY REPORT for 1/99-101 Anzac Avenue, West Ryde NSW 2114, please click here.

The Complete Property Report will cover the following aspects of the property.

  • Owner occupied ratio for the surrounding streets and neighbouring properties
  • Check the number of days the property has been listed versus suburb average
  • Look through Old Property Listings to check for renovation works and additions
  • What changes have been made to the floorplan?
  • Sales history of surrounding properties
  • Check for a high ratio of rental properties in the area and identify rental properties with a high turnover
  • What are the Council and Planning Regulations for your property?
  • Is your property in a designated flood or fire impact zone?
  • Check recent Development Applications for building works that may affect your property
  • Provide aerial photos of the roof and the property boundary
  • Identify the location of green electrical boxes and telecommunications towers
  • Aerial photos of any large trees
  • Check shape of the land (for a house)
  • Check for green electrical boxes and telecommunications towers

To purchase the COMPLETE PROPERTY REPORT for 1/99-101 Anzac Avenue, West Ryde NSW 2114, please click here.

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