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Andrew Croll,
Principal
email me
M: 0409 530 133
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The local real estate market is definitely moving upward, and 2012 has come out of the starting blocks with gusto.
According to RP Data research, for the 2011 year, the total gross value of home and unit sales in Mosman saw it ranked as the number 1 suburb for the second year running. Cremorne was up 9 spots on 2010, with a 2011 position of 43.
For the 2012 year ahead, the two consecutive interest rate cuts late last year coupled with big quantities of buyers has helped kick start the market into a positive, steady pace.
Traditionally the early part of the year is the strongest and that is certainly proving true in 2012. We've had very big numbers through open houses and signs are promising for a strong year ahead.
Local home hunters have been moving quickly in the first two months to view newly listed properties.
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And the same properties that were struggling last year are now drawing interest, inspections and offers. There is a definite change in the mood of buyers.
Some fantastic, well priced properties have already changed hands this year.
The upper end of the local market is starting to show signs of recovery, while the lower end is continuing with the same momentum that was seen in the very strong close to 2011. Properties up to $1.5M are moving exceptionally well. Also, properties that are styled or renovated are appealing to buyers looking to move quickly.
No one is predicting huge price growth this year, although most expect recovery and momentum to feature strongly. It's a great time to take advantage of the predicted stability and investor opportunities, so call us on 9908 7777 for an appraisal..
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How is your suburb performing?
According to the latest figures from Residex, the prices of houses and units in our area indicate bricks and mortar continue to be a great investment. See how your suburb is performing in this comparative table:
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You may have noticed that our sign boards around the nearby suburbs have changed. This is because Croll Real Estate has returned to its roots, rebranded and gone independent.
In rebranding our 108 year old business we have simply adopted the name, "Croll".
Our current principal, Andrew Croll said: "Grandpa, Raleigh Croll, established the agency in 1904 and my father, Colin, followed his footsteps, entering the business some time in the 1950s.
"We're a solid company that has proven itself over time. The Lower North Shore is our core market and much to our immense pride, we have many repeat customers.
"The 17 member staff are a close-knit team who together made the decision to make the change.
"We decided we wanted our own style, image and logo – something fresher, more depictive of our marketplace and in tune with the times".
The new image was researched and its design styled to better convey the core values of the business which is really a very individualised agency where clients are offered a very personalised service.
The branding is built on the foundation of three core values:
Established - for over 100 years and still standing with an exceptionally strong reputation and service-based ethos.
Proven – through outstanding results, service and ongoing feedback received from our customers.
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Trusted – by our clients. More than 70% of our business comes through referrals, word-of-mouth and return business, with almost 35% of sales coming from within our property management portfolio.
Throughout more than 100 years of business the Croll agency has built an outstanding reputation for results, customer care and service in the local area. We intend to maintain it.
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 It gives me great pleasure to be writing this letter. I would highly recommend Croll Real Estate to anyone wishing to sell their property. They were ethical in their dealings with me and the buyers. I know they had my best interest at heart from beginning to end.
Their attention to detail, communication and high level of professionalism meant that I felt I received a very high level of service from everyone on the team, as well as showing me their knowledge of the area and of real estate in general.
They always kept me well informed after inspections and open homes, giving me prompt feedback on the buyer's response and position, plus keeping me updated on any new interest, changes, or arising issues.
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In addition to that, Andrew's negotiating ability saw that I achieved the best possible result in the current market.
To conclude, I feel that the whole time my unit was on the market, the service I received from everyone on the team was nothing short of superb, their approach and professionalism made the whole process smooth, plus the open communication made sure that we were all working towards the same result.
Again, thank you for all of your hard work in selling my unit and for making it a smooth process as well as achieving a great result!"
Thanks again, Garry Morris |
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Gary Bixley - BA (Hons) Dip Surv (UK)
Associate Director Property Management
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Our property management department has had an amazingly busy January and February.
Although it's typically busy at this time of year, we've probably had one of the busiest periods in the past 10 years.
The consequence is that our rent roll vacancy rates are still below 1%.
The rent roll portfolio continues to grow as investors realise the purchasing opportunities to be gained in the current marketplace coupled with the high rental returns that are available.
Many owners are also seeing further improvements in their rents as a result of making minor upgrades and renovations to their premises – the cost of which is tax deductable.
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When you add the positive indications in the market with the rental increases predicted for this year it's not hard to see investment opportunity.
If you're interested in property investment do feel free to contact us.
We welcome the opportunity to show you properties that we believe offer good potential.
We can also offer expert advice on likely returns as a result of renovating within a budget and we can offer you the very best of service in property management.
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Alex Waley -
New member of the Croll sales team
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Alex Waley has recently joined our sales team.
Alex has an extensive sales career background with 20 years experience in sales and negotiation.
His personable, hands-on approach combined with a determination to help sellers and buyers attain the best results possible, be it buying or selling assures success.
With an unsurpassed knowledge of the local area and a proven sales record he will be a welcome asset to the Croll sales team.
Alex knows the North Shore well having grown up in the area. He is married with two children and is a keen squash player.
He can be contacted on 0418 959 926. |
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It's rare these days to find a small investment block, particularly those comprising 3 or 4 apartments.
This Neutral Bay, art deco complex of two bedroom one bathroom apartments offers an outstanding investment opportunity. Situated in an excellent location close to shops and the last bus stop to the city each apartment comprises an elegant living/dining room with fireplace, updated kitchen and bathroom, large main bedroom and polished timber floors throughout.
From the upper level enjoy views of the North Sydney skyline, whilst the substantial picturesque garden may be accessed from below.
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For further information, please contact Gayle Clifford on
0419 998 413.
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Spectacular Views, Sensational Setting,
Immense Potential
5/1 Esther Rd, Balmoral
Boasting a top-floor vantage point and a superb north-easterly aspect, this elegant 2 bedroom period apartment captures stunning water views stretching to the Manly peninsula. Part of a boutique Mediterranean-style block of just six, the unit offers a spacious layout, distinctive original features and exceptional possibilities for renovators. Create your own luxury living space and capitalise on a first-class location, just footsteps from Balmoral Beach.
Details: Fran Turner 0418 118 148 / fran.turner@croll.com.au
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Elegant Art Deco Apartment with Spectacular Harbour Views
3/71 Milson Road, Cremorne Point
A property of refined style, this first-floor 2 bed apartment features elegant interiors set against a stunning backdrop, with views over the Opera House, the Harbour Bridge and the city skyline. Part of a boutique block of just five, the superb period apartment occupies a coveted location, just moments from harbourside parkland, McCallum Pool, scenic foreshore walking trails and the ferry.
Details: Gayle Clifford 0419 998 413 / gayle.clifford@croll.com.au
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Oversized Luxury Apartment with Water Views
13/8 Earl Street, Mosman
This supremely spacious third floor security apartment features a prized northerly aspect with stunning panoramic views stretching over Middle Harbour and the surrounding district. The 3 bedroom luxuriously appointed home offers expansive light-filled interiors extending to a superb entertainers' terrace. Moments from Bridgepoint Shopping Centre, public transport and a great selection of local restaurants
Details: Gary Bixley 0425 302 667 / gary.bixley@croll.com.au
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Modern Spacious Elegant Design in
a Stunning Location
8 Awaba Street, Balmoral
A superb location enveloped by the exclusive residences of Balmoral, this spacious modern design 4 bedroom home is a short stroll to Balmoral Beach and The Esplanade restaurants and cafes. Experience views from both levels or enjoy the stunning private landscaped garden while entertaining alfresco.
Details: Gary Bixley 0425 302 667 / gary.bixley@croll.com.au
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