Thursday 04 Jun 2020
This three-bedroom, two-bathroom, three-car park property in Calga Avenue, Malabar was very popular with young, growing families, looking for space to grow and build their dream home. Added to the appeal was the fact the property fell in the Malabar Public School catchment. The home also attracted interest from downsizers looking for a quieter, more laid-back lifestyle, still with accessibility to nearby amenities.
We initially listed this Malabar property pre-COVID as off-market, showing buyers through from our database. We did this as the property needed some love, and work which the owners had meaning to do for years. We brought in our trusted suppliers who pointed, repaired, cleaned and removed and moved furniture in and out of the house to prepare for the sale.
It’s our job to take the pressure off, and get jobs done quickly, professionally and to ensure the property is presented in the best possible condition for sale.
Whilst the off-market campaign didn’t get a sale, it did give us feedback and interest levels for the auction campaign. The property had good levels of interested buyers but they weren’t quite ready come auction day. We decided to run the auction in late February - it was passed in.
The buyer was from our database and had been looking in the area for a while. They did not attend the auction.
THEN COVID-19 HIT.
The buyer was still keen however had to now get pre-approval again based on the circumstances. We ended up sealing the deal on April 28.
As I told the owners, real estate isn’t always about a quick sale. We would rather work on the right result rather than the quick result. In this particular campaign, the property was actually OFF the market as the vendors were happy to rent for a few years.
The key learning for us here was that our database is strong. We have an office that has been here for 50 years, and we are able to read to market, come up with strategies and initiatives to get a positive result for the vendor - and a very happy new buyer.
"A cut above the rest. Ben continually went beyond our expectations and left no stone unturned to secure a sale for us. We always felt that he put us first in all of our dealings. In what was a difficult market he stayed on course and achieved a result that we were very happy with."
- Greg and Hannah
ABOUT THE AREA
Malabar, a small coastal pocket in the south-east of Sydney, only 12km from the Sydney CBD. It actually gained its name from a shipwreck. In 1931, the MV Malabar was travelling to Sydney from Singapore when it came unstuck. Whilst all passengers survived, the ship to this day still lays dormant below the waters. It is not the only shipwreck at the beach.
Surrounded by national parks, golf courses and nestled in between Maroubra and Long Bay the area has become known for its laid-back lifestyle, calm ocean waters and great snorkelling.
Today, it's a go-to suburb for young families, and one of the last areas in the region where it’s predominantly free-standing Torrens-title homes. Over the last few years, this seen this trend has started to change, with new owners and developers starting to build a duplex and shared living sites.
THINGS TO DO IN MALABAR:
Cromwell Park Playground – located on the beach, with plenty of activities and a short walk to your morning coffee at surrounding cafes
Malabar Headland National Park – amazing views through well-defined walking tracks make this walk a popular weekend past time. Head north from Malabar through to Maroubra Beach, rounding the ANZAC Rifle Range.
Randwick Golf Club – located in Malabar, even though the name doesn’t suggest, this 18-hole public golf course offers a short, challenging round of golf. Enjoy a meal and drink after your round at the licensed restaurant with great views over Long Bay and Malabar Beach. Beware of the southerly, this course can be deceivingly challenging and where lots of young golfers learn their trade.
Weekend sport: Most weekends you will find hundreds of children and their parents playing and supporting one of the local clubs in the area. Pioneer Park/Oval is home ground to the South Eastern Seagulls (rugby league) and Maroubra Saints JFC (AFL).
Malabar Community Library: Located on Anzac Parade, the Library is a small community hub.
CONTACT US: As a family-owned, independent agency established in 1968, we have a large database of active buyers and owners in the region. We constantly get calls from clients asking to keep the across any opportunities in Malabar and surrounding suburbs. If you're looking to buy or sell, contact us today.