Number1Agents : Blog

Century 21 Favorito Real Estate just had 2 great sales -

46 River Street, Earlwood, only listed for a few days, sold for $720,000

33 Francis Street, Earlwood – SOLD prior to Auction for $710,000

Contact Anthony Favorito and the team on 9559 4644, should you be considering selling or buying.

Quality Home with Contemporary Touches

Situated in a peaceful cul-de-sac and boasting 669sqm of land, this contemporary renovated residence offers flowing open plan living and dining, a flexible floor plan and moments walk to parklands, walking tracks and cycle ways.

• Expansive master bedroom with built-in and walk-in wardrobe +  private modern ensuite. Potential to be easily converted back into a two bedroom home
• Polished timber floorboards and security shutters throughout
• Spacious open plan living and dining area with A/C
• Chic modern ceaserstone kitchen with stainless steel appliances
• Spacious rear stencilled yard offering undercover entertaining/barbeque area with additional garden patch and storage room
• Ample off street parking available for two vehicles
• Moments walk away from Cooks River lush parklands, sporting fields and tracks

With ample potential to redesign to your own taste, the opportunity to  secure this unique residence won’t be here for long. Inspect today!

Inspect: Saturday 18th February, 2012 from 11.00-11.30am

Contact: Jim Nikolopoulos on 0406 626 663

Potential Awaits

Conveniently located on the high side of a quiet street, this home  offers brick comfort and is ready for its new owner to add their own touches.

• Two bedrooms
• Separate lounge and dining
• Level block of 394sqm on two lots of land—Dual Occupancy Potential Subject to Council Approval (STCA)
• Easy walk to schools shops and parks

Move in and enjoy now or renovate and build that dream home.

For Sale

Inspect: Saturday 18th February, 2012 from 11.00-11.30am or as advertised

Contact: Anthony Favorito on 0404 050 334 or 9559 4644

Spectacular Three Bedroom Family Home

Situated on a corner block and in an ideal locale, this beautifully appointed three bedroom residence offers an abundance of space with a flexible floor plan, double garage, original features and ample storage space, all set on a generous 581.7sqm block.

• Three bedrooms, main with bay window and flexible floor plan with possibility for a fourth bedroom
• Formal living and dining area with polished timber floorboards throughout most of the home. Also offering two bathrooms, internal laundry and original features including ornate ceilings and lead light windows
• à Spacious kitchen with open plan family living and dining area flowing to an outdoor balcony overlooking rear yard
• Undercover entertaining/bbq area with spacious yard and established gardens. Also offering storage shed and under house storage
• Car accommodation via a double remote lock-up garage, with access via Hood Avenue

This much loved home is a marvellous opportunity for families or investors alike to take advantage of the enormous potential this sensational home has to offer. Inspection is a definite must!

Inspect: Saturday 11.00-11.45am & Wednesday 7.00-7.30pm

Auction: Saturday 17th March, 2012 On Site at 11.30am

Contact: Violet Mansour-Jamil 0411 578 003 or Anthony Favorito 0404 050 334

“Julia Gillard writes in The Australian (23rd January 2012) that the nation can face the future with confidence, with a year of “solid” growth and an economy that will remain the envy of the world”. Sid Maher The Australian

I always get nervous when politicians get too confident. What is that saying, “pride comes before a fall”.

As Deloitte Access Economics notes, Australia faces two paths. If European disaster is averted “growth could be stronger than expected” as resource investment underwrites growth that restores retail sentiment and boosts home building.

Alternatively if Europe hits the rocks then everything could go pear shaped. The budget surplus would evaporate, unemployment would rise, and the Reserve Bank would have to cut interest rates quickly and frequently.

As a result, while it is easy to dismiss Europe as irrelevant, I have no doubt that Glenn Stevens at the Reserve Bank will be keeping a close eye on European developments.

Deloitte’s Chris Richardson argues that if a European meltdown does eventuate, Western Australia will have some immunity, as the resources boom will still chug along. However he singles out other states, such as New South Wales that could fare badly.

As a result while the 2011 housing figures are heartening, with Sydney faring relatively well (and significantly better than Melbourne and Brisbane), one needs to remember that Sydney being Australia’s financial hub, is arguably most affected by global developments.

As Chris Richardson says “Sydney is home to half the finance sector businesses in Australia. The sector accounts for one in three Sydney CBD jobs. If Europe blows up the finance sector cutbacks will be even deeper”.

So when sizing up the outlook for Sydney property over 2012, one needs to weigh up the supportive factors and the risk factors.

On the supportive front, you have “housing affordability”, which has improved significantly care of lowered interest rates. There is low unemployment (5.2% nationally, and 4% in Sydney’s Eastern Suburbs) and continued strong migration.

Possibly even most important, is that fact that housing construction remains weak. This has lead to supply remaining tight and this has shown up most in rental yields, which have surged (particularly in the Eastern Suburbs).

Of the risk factors, you have a seemingly “basket-case” Europe, which could lead to a global financial shock and you have China looking like it’s growth is slowing.

In conclusion, I do appreciate the grounds for caution, but I also see factors that should put a “floor” under the market. As a result, my expectation is that 2012 should be an interesting year, as the market is buffeted by both positive and negative factors.

Spacious Residence with Potential

Located in a peaceful, convenient local, this elevated and spacious two bedroom home offers an abundance of potential to renovate and restore to its former glory.

• Two generously sized bedrooms
• Open plan living and dining area leading to kitchen area
• Large windows making maximum use of natural light throughout
• Internal laundry and rear level yard
• Side driveway to carport and lock-up garage with additional off street parking available
• Located moments from schools, Earlwood shopping village; bus and train transport all close by

Inspect

Saturday 12.00-12.45pm & Thursday 5.30-6.00pm

Auction

Saturday 3^rd March, 2012 On Site at 3.00pm

Contact

Jim Nikolopoulos– 0406 626 663

Under Instructions from NSW Trustee & Guardian

Standing proud on a 570sqm block in one of Earlwood’s premier streets, this original 1930s style brick home is ready for its new owner to renovate or rebuild that dream home.

• Flexible floor plan, offering 2-3 bedrooms
• Separate lounge and dining area
• Sunroom at the rear of the home overlooking yard
• Level block of 570sqm – 13.4m x 42.67m approximately
• Original features including ornate ceilings and lead light windows
• Less than 1km level walk to shops and transport

AUCTION: Saturday 25th February, 2012 On Site at 3.30pm

INSPECT: Saturday 1.00-1.45pm & Wednesday 6.00-6.30pm

For further information, please contact Anthony Favorito on 0404 050 334 or Jim Nikolopoulos on 0406 626 663.

15 Emu Street, Canterbury

Set in a convenient tree lined street, this full brick four bedroom home offers generous interiors, a flexible floor plan and a touch of classic original features throughout.

Should you have any questions, please contact me on 9559 4644 or 0406 62 663.

Regards,

Jim Nikolopoulos