McLennan Steege Smith & Associates

McLennan Steege Smith & Associates is a registered property valuation firm. We offer a complete range of property valuation services in the Sutherland Shire, St George and Sydney metropolitan area.

www.mcssa.com.au

Mission: Our property valuers have been valuing property for over 30 years. With this extensive experience we are able to provide a high level of expertise and accuracy in all valuations.

Operating as usual

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Cheap housing suburbs set to fly the coup as Gosford and Punchbowl prepare for record prices - McSS

Sydney’s cheapest suburbs are on the incline. Notoriously cut-rate areas like the Central Coast, Eagle Vale and Punchbowl are bracing for record steeps in home prices over the next 12 months.

mcssa.com.au Notoriously cut-rate areas like the Central Coast, Eagle Vale and Punchbowl are bracing for record steeps in home prices over the next 12 months.

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Original blog | Sydenham-Bankstown station precinct strategy - McSS

More than 2000 people have given their thoughts on the revised strategy to rejuvenate the 11 station precincts from Sydenham to Bankstown.

Revitalising the precincts along the Sydenham to Bankstown corridor is part of a larger plan to grow Sydney and refurbish some of the city’s inner south-west suburbs.

Read our latest blog below to find out more-

mcssa.com.au More than 2000 people have given their thoughts on the revised strategy to rejuvenate the 11 station precincts from Sydenham to Bankstown.

mcssa.com.au

Penrith skyline set to soar with plan for new towering apartments - McSS

#Penrith councillors have endorsed a transformation of the existing Union Rd car park in a plan that includes six new lofty apartment towers.

Read more about the transformation below-

mcssa.com.au Penrith councillors have endorsed a transformation of the existing Union Rd car park in a plan that includes six new lofty apartment towers.

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Higher rent prices driven by strong commercial demand - McSS

#CommercialRealEstate | Commercial real estate agents have set rent prices at 2.5% higher than three months ago, it has been reported.

According to The Commercial Property Guide, the growth can be attributed to financial services and information technology business expansion.

Read more here-

mcssa.com.au Commercial real estate agents have set rent prices at 2.5% higher than three months ago, it has been reported.

mcssa.com.au

Wollongong pips Sydney to become fastest growing housing market in the country - McSS

#Illawarra #Wollongong #HousePrices | The Illawarra region has continued its recent dominance on the property market, as Wollongong recorded the biggest jump in house prices across the country over the last 12 months.

Read more here-

mcssa.com.au The Illawarra region has continued its recent dominance on the property market, as Wollongong recorded the biggest jump in house prices

mcssa.com.au

NSW Councils to be stripped of development application jurisdiction for applications over $5M

#LocalCouncils across Sydney and Wollongong will lose the power to consider development applications worth $5 million or more under new rules mandating Independent Hearing and Planning Panels #IHAPs

Read our latest blog to find out more-

mcssa.com.au Local councils across Sydney and Wollongong will lose the power to consider development applications worth $5 million or more.

mcssa.com.au

Macquarie mega-lot may make more millionaires - McSS

Macquarie Park has plans to grow into the fourth-largest Australian CBD by 2030.

mcssa.com.au A mega-lot has been offered at Macquarie Park, following the lead of an adjoining block that generated close to $80 million last month.

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Chinese foreign investment drops 69%; Singapore takes over as biggest investor in Australian property

Australian commercial real estate is still in line for a sturdy year.

mcssa.com.au Singapore has emerged as the country’s largest foreign investor.

mcssa.com.au

Parramatta’s makeover continues with Auto Alley upgrade

The renovations will likely coincidence with the widening of Church Street, which will showcase new cycle lanes and planted trees.

mcssa.com.au A $225 million mixed-use project to refurbish the neglected former Auto Alley in Church Street has been given the go-ahead.

mcssa.com.au

Darlinghurst’s character evolves, housing prices soar following gentrification - McSS

With intense gentrification of the area occurring at the turn of the millennium, Darlinghurst’s median house price has jumped an astonishing 124%.

mcssa.com.au Darlinghurst has been reinvented as a metropolitan hotspot perfect for young professionals and urbane older couples.

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Sydney investors move south - McSS

Property hungry Sydneysiders are looking to the south coast area for properties. The area which has been a favourite for Canberra's holiday makers is experiencing a major transformation.

mcssa.com.au Batemans Bay and surrounding South Coast suburbs in the Eurobodalla market have received an influx of buying competition from property-hungry Sydneysiders.

mcssa.com.au

Melbourne trumps Sydney in home value growth - McSS

The Sydney market has generally held the upper hand, but Melbourne began to overtake the NSW capital in the last few months.

mcssa.com.au Although it still currently holds a lower median house price, Melbourne exceeds Sydney when it comes to home value growth.

mcssa.com.au

Parra matters: Western Sydney area set to become NSW’s cultural hub amid staggering growth

“By growing Parramatta we are creating opportunity for people in Sydney to live closer to where they work and spend more time with family than commuting,” said Anthony Roberts, NSW Minister for Housing and Planning. “This growth is just the beginning for this important area.”

mcssa.com.au Western Sydney's growth is set to continue, after the Government announced that more than 110K jobs will be created & over 72K in the pipeline to be built.

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What the latest Census figures reveal about our housing market - McSS

Want to know what the latest Census data shows about the housing market. Read our blog today!

mcssa.com.au Despite a slow decline in home owners amid a country-wide housing affordability crisis, new Census data has revealed that the notion of possessing property is still achievable. The recent release of Census datas shows that national home ownership and rental…Read more ›

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Golden soil | Quality earth and running water were the defining factors in Australian real estate evaluation 100 years ago

100 years has certainly allowed the reputations and values of some suburbs to grow and evolve drastically!

mcssa.com.au While today suburb prices are dependent on quality cafes and dining establishments, a century ago it was good soil & running water that was all the rage.

mcssa.com.au

Sydney’s sky-high housing prices finally hit turbulence - McSS

It seems that Sydney’s rocketing housing prices are finally set to plateau, with June posting the slowest quarterly median home price rise in over a year.

mcssa.com.au It seems that Sydney’s rocketing housing prices are finally set to plateau, with June posting the slowest quarterly median home price rise in over a year. Despite the slow growth, however, the current median home price of $880,000 in the…Read more ›

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Survey reveals 25-29 year olds believe home ownership is out of their reach - McSS

Western Sydney residents remain the most hopeful, with 60% optimistic they will own their own homes. Only 39% of Sydney’s CBD and east share the same outlook, while the number sat at 48% in Sydney’s North.

mcssa.com.au The Daily Telegraph reports that a national survey, branded as Australia’s largest outside of the official Census, has revealed that over half of NSW residents between 25 and 29 believe that home ownership is no longer realistic. The survey, which…Read more ›

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Back in “bid-ness” | First home buyers return to the market amid stamp duty concessions - McSS

Among the beneficiaries was a first-home buyer in Victoria who snapped up a three-bedroom unit in South Morang for $386,000.

mcssa.com.au First-home buyers have made the most of the Government’s new stamp duty concessions as part of their housing affordability package, returning to the auction market in force over the weekend. The measures, which kicked in on July 1, mean that…Read more ›

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News: NSW government announces 15 new priority precincts for Sydney | Growth in the North Sydney development sector & more

We've just sent out our monthly newsletter to catch you up on all the latest property and valuation news. Have a read and then subscribe to stay informed!

mailchi.mp Haven't caught up on the latest propery and valuation news? Read our newsletter to catch up, and then subscribe to stay informed.

mcssa.com.au

NSW government announces 15 new priority precincts for Sydney

With 78,000 new homes in the pipeline to be built in these areas, the NSW Government expects to minimise housing prices and increase lifestyle flexibility.

mcssa.com.au 15 new priority precincts around Inner Western, South West & Northern Sydney have been announced in a move to combat the city’s housing affordability crisis

mcssa.com.au

Hillsdale continues to attract developers - McSS

Hillsdale is an area that will continue to grow.

mcssa.com.au In Sydney property terms, Hillsdale could be considered an affordable suburb with a median unit price of $653,500.

mcssa.com.au

Townhouses face competition as developers focus on larger apartments

The scarcity of land in middle-ring neighbourhoods is behind the push to promote larger apartments as a townhouse alternative.

mcssa.com.au Family-sized apartments with features like internal lifts are being used by developers to attract down-sizing baby boomers into suburban areas

mcssa.com.au

Growth in the North Sydney development sector - McSS

Very few sites can provide this level of amenity, proximity to the Sydney CBD, new metro rail, and panoramic views.

mcssa.com.au North Sydney is primed for strong rental growth over the coming years.

mcssa.com.au

SMSF property valuations & why you need them

With tax time fast approaching, those who own properties that are part of SMSFs may be required to obtain a professional valuation.

mcssa.com.au SMSF property valuations can be complex and tricky, so the ATO recommends employing qualified valuers to value them for you.

mcssa.com.au

Cronulla’s top food destinations supporting local property prices

Cronulla’s food culture is very appealing to people keen to take advantage of great food close to home.

mcssa.com.au Property prices are rising thanks to Cronulla's top food destinations.

mcssa.com.au

The up-and-coming Hills Shire

What's so special about The Hills? Urbanisation and new infrastructure development means that the area is brimming with new opportunities.

mcssa.com.au Thanks to urbanisation, the Hills Shire is a fast-growing area full of diversity, entrepreneurs, and local businesses.

mcssa.com.au

Sydney's biggest office construction boom is about to start

More than 2 million square metres of new office space will be built across metropolitan Sydney between 2019 and 2023

mcssa.com.au The Financial Review reports that in two years’ time, Sydney’s office construction will kick into top gear.

mcssa.com.au

The hot topic of housing affordability - McSS

Read this month's original blog about the housing affordability debate.

mcssa.com.au Housing affordability is the hot topic of discussion at BBQs and offices around the country. As the Federal Budget draws near, it’s interesting to look at how housing affordability is being addressed to date and also see the speculation about…Read more ›

mcssa.com.au

Commercial property loan demand up almost 26% across Australia - McSS

The strength of the commercial property market across Australia continues to be reflected by a rise in mortgage applications.

mcssa.com.au The Financial Review has reported that credit data provider Equifax’s latest report shows that ‘the number of commercial mortgage applications to acquire offices, warehouses, shops and development sites surged almost 26 per cent in the first quarter of the year…Read more ›

mcssa.com.au

Auction clearance rates remain strong in Sydney and Melbourne - McSS

Auction clearance rates continue to exceed 80% in Sydney and Melbourne.

mcssa.com.au Business Insider reports that auction clearance rates in Sydney and Melbourne continue to exceed 80%. Many sellers are continuing to choose to sell their properties via auction regardless of new APRA rules that limit interest only lending coupled with…Read more ›

mcssa.com.au

Commercial property on the east coast is booming

Sydney and Melbourne are likely to experience “another year of healthy economic growth”!

mcssa.com.au Reports show that commercial property on the east coast is likely to experience another year of healthy economic growth.

mcssa.com.au

Childcare centre in Bella Vista sold for over $6 million

A childcare centre has sold for a record $6.735 million in Sydney's Bella Vista. We've included a link to our detailed blog post about the childcare valuation process and the growing interest in childcare centres as an investment avenue.

mcssa.com.au A childcare centre in Bella Vista has just been sold for a record $6.375 million. Coutts Real Estate negotiated the sale of the property.

mcssa.com.au

Housing completions have reached a record high in Sydney

Despite the record high completions, it's noted that this figure is still below the average needed over the next 20 years, according to the Department of Planning. Read our blog below for more details.

mcssa.com.au Housing completions have reached a record high, with 34,121 houses completed in metro Sydney, showing a swing to urban locations close to jobs & transport.

mcssa.com.au

Commercial property currently a ‘hot’ investment option

Some of the safe businesses for commercial investment are reported to be tech, childcare, medical, and boutique hotels. Read our blog below for more information.

mcssa.com.au In the past four years, commercial property investments have been highly sought after because they can produce higher yields between 5%-7% in capital cities

mcssa.com.au

Victorian Government to introduce 10 year standard leases via regulatory reform - McSS

The Victorian state government has proposed changes to rental terms to provide tenants and landlords with more security.

mcssa.com.au The Victorian state Government has proposed the introduction of new legislation in a bid to provide greater security for tenants and landlords via decade long leases. The Age reports that Premier Daniel Andrews has said that changes to standard leases…Read more ›

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Suite 204, Level 2, 29 Kiora Rd
Miranda, NSW
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