Sean Phuah | FY21 Suburb Report

Page 1

FY21 | Suburb Report

Sean Phuah


What a year 2020/2021 has been for the property market? Only a year ago, we were emerging from the first wave of COVID-19, unsure of its full impact on the real estate market. Since the turn of the year, we have witnessed an incredible run for the Sydney property market as prices soared to record high levels, a stark contrast from the predictions of most economists and banks at the start of COVID-19. Fuelled by record low mortgage rates, falling unemployment, elevated consumer confidence, the accumulation of savings through the COVID-19 restrictions and relatively low advertised housing stock, the Sydney auction clearance rates have been consistently sitting over 80% Sydney-wide for most of 2021 with days on market remaining low. Our office saw many suburb and street records set across Sydney’s Lower North Shore over this period with me personally negotiating the new suburb record for Willoughby and the second highest sale in Northbridge for the financial year. CoreLogic reported that median house prices across Sydney have jumped significantly (19.3%), with apartment prices also growing, albeit a much slower rate (5.1%) due to several factors, including the loss of the international students and tourists, and a shift in lifestyle away from metropolitan areas, and the search for extra space as work from home options became more available. I predict that the unit market will be catching up over the next 12 months as we see more investors returning to market as yields and vacancy rates stabilizes. While prices aren’t going down anytime soon, I believe that the market will grow at a slower pace than we have seen in the past 12 months as more supply hits the market. The key to vendors looking to sell is to ensure their property is priced correctly with the right marketing in place to capture buyer’s attention and to be competitive.

Sean Phuah’s Statistics

21

$4,000,000

100%

$19,100,000

Average days on market

Median sale price

If you are looking for honest and safe real estate advice, please reach out to me anytime. Wishing you and your family a successful and safe financial year ahead.

Sean Phuah

Auction clearance rate

Highest career sale


SUBURB STATS NORTHBRIDGE

$3.84m Median house price

63

84%

16%

Median days on market

of Northbridge is houses

of Northbridge is units

7.9%

25.5%

51.3%

3 month price growth

12 month price growth

5 year price growth

77%

$1,200

2%

NSW auction clearance rate

Median weekly rent

Median rental yield

49%

31%

20%

Owned outright

Mortgaged dwellings

Tenanted dwellings

Powered by Core Logic


2020/21 SUBURB SALES NORTHBRIDGE

Address

Bed

Bath

Car

Total Sqm

Sold Price

Address

Bed

Bath

Car

Total Sqm

Sold Price

7 Dorset Road

5

3

2

1550

$8,630,000

26 Baringa Road

4

3

2

728

$4,650,000

35 Weemala Road

5

3

2

689

$7,100,000

27 Woonona Road

3

2

2

645

$4,570,000

44 Coolawin Road

5

3

0

1043

$7,000,000

57 Baringa Road

4

3

1

604

$4,500,000

16 Coolawin Road

4

4

3

759

$5,950,000

29 Euroka Street

5

4

2

645

$4,500,000

22 Dalmeny Road

5

4

2

652

$5,900,000

41 Kameruka Road

4

3

2

556

$4,485,000

40 Minimbah Road

4

3

3

645

$5,850,000

44 Calbina Road

4

3

2

1378

$4,470,000

37 Dorset Road

5

3

2

784

$5,800,000

26 Narani Crescent

5

4

2

715

$4,441,000

32A Narooma Road

4

3

2

557

$5,450,000

124 Kameruka Road

6

3

3

753

$4,400,000

46 Minnamurra Road

5

4

2

784

$5,420,000

21 Aubrey Road

5

4

2

556

$4,375,000

3 Woonona Road

5

4

2

594

$5,180,000

17 Narani Crescent

3

2

2

696

$4,305,000

29 Namoi Road

5

3

2

702

$5,100,000

322 Sailors Bay Road

4

3

2

689

$4,300,000

33 Minnamurra Road

4

3

2

563

$5,060,000

16 Bligh Street

5

3

4

616

$4,100,000

11 Kiola Road

4

2

2

650

$4,990,000

39 Tunks Street

6

4

3

641

$4,100,000

312 Sailors Bay Road

4

3

2

746

$4,950,000

461 Sailors Bay Road

4

4

2

607

$4,040,000

6 Nulgarra Street

5

4

1

650

$4,875,000

41 Euroka Street

4

2

2

968

$4,010,000

18 Neeworra Road

5

3

2

974

$4,850,000

4 Kameruka Road

4

4

2

762

$3,900,000

122 Kameruka Road

4

3

3

696

$4,800,000

20 Bligh Street

4

5

2

734

$3,881,000

27 Narooma Road

4

2

2

674

$4,750,000

8 Narani Crescent

5

2

2

624

$3,800,000

28 Weemala Road

5

3

2

778

$4,700,000

11 Tenilba Road

5

3

2

696

$3,600,000

26 Bligh Street

4

3

2

616

$4,690,000

34 Calbina Road

5

2

2

1258

$3,570,000

Powered by Core Logic


2020/21 SUBURB SALES NORTHBRIDGE

Address

Bed

Bath

Car

Total Sqm

Sold Price

Address

Bed

Bath

Car

Total Sqm

Sold Price

10 Bellambi Street

3

1

1

651

$3,520,000

9 Strathallen Avenue

3

3

4

658

$2,100,000

5 Malacoota Road

4

2

2

611

$3,480,000

5A Kameruka Road

3

2

1

333

$2,035,000

5 Upper Cliff Avenue

4

3

2

563

$3,388,000

2A Namoi Road

3

1

0

544

$1,925,000

2 Ulric Lane

5

3

2

620

$3,335,000

18 Sailors Bay Road

3

1

1

486

$1,700,000

1 Narooma Road

3

1

1

650

$3,290,000

19 Baringa Road

4

2

2

665

Not Disclosed

421 Sailors Bay Road

4

2

1

626

$3,200,000

36 Baringa Road

5

5

3

654

Not Disclosed

7 Marana Road

4

2

2

753

$3,175,000

61 Baringa Road

5

2

2

655

Not Disclosed

2 Weetalibah Road

3

1

3

650

$3,080,000

78 Baringa Road

4

3

2

655

Not Disclosed

81A Cliff Avenue

4

2

2

437

$3,000,000

27 Bligh Street

4

3

2

538

Not Disclosed

44 Narooma Road

4

2

2

587

$3,000,000

3 Bourmac Avenue

4

3

2

890

Not Disclosed

22 Calbina Road

3

1

1

1745

$2,920,000

16 Courallie Road

5

4

2

659

Not Disclosed

50 Minnamurra Road

2

2

2

753

$2,900,000

36 Kameruka Road

3

2

1

241

Not Disclosed

62 Minnamurra Road

4

2

1

645

$2,800,000

40 Lower Cliff Avenue

3

2

0

1250

Not Disclosed

201 Sailors Bay Road

3

1

1

464

$2,795,000

5 Narooma Road

5

3

2

650

Not Disclosed

357 Sailors Bay Road

2

1

1

650

$2,639,000

27 Neeworra Road

5

3

2

650

Not Disclosed

7 Harden Avenue

3

2

2

424

$2,610,000

41 Neeworra Road

5

3

2

649

Not Disclosed

106 Kameruka Road

3

2

2

784

$2,315,000

41 Noonbinna Crescent

4

2

2

859

Not Disclosed

17B Baringa Road

3

2

1

342

$2,310,000

44 Tunks Street

4

2

2

626

Not Disclosed

47 Upper Cliff Avenue

3

1

2

667

$2,260,000

29 Weemala Road

5

3

2

841

Not Disclosed

9 Weetawaa Road

4

2

2

326

$2,250,000

13 Weetawaa Road

5

3

2

727

Not Disclosed

9A Weetawaa Road

4

2

2

326

$2,250,000

Powered by Core Logic


SUBURB STATS WILLOUGHBY

$2.395m

37

80

Median house price

Median days on market

Properties sold (12 months)

44.1%

71%

29%

5 year price growth

of Willoughby is houses

of Willoughby is units

77%

$973

2.2%

NSW auction clearance rate

Median weekly rent

Median rental yield

34%

38%

28%

Owned outright

Mortgaged dwellings

Tenanted dwellings

Powered by Core Logic


2020/21 SUBURB SALES WILLOUGHBY

Address

Bed

Bath

Car

Total Sqm

Sold Price

Address

Bed

Bath

Car

Total Sqm

Sold Price

32 Remuera Street

5

4

2

1145

$6,500,000

18 Cobar Street

3

2

3

697

$3,060,000

15 Walter Street

3

1

2

822

$6,000,000

31 Mabel Street

4

2

2

557

$3,055,000

56 Sydney Street

5

2

2

746

$4,800,000

16 Warners Avenue

3

1

1

923

$3,025,000

74 Laurel Street

5

4

2

468

$4,320,000

5 Edward Street

0

0

0

443

$3,000,000

64 Mowbray Place

4

2

2

579

$4,250,000

35 Salisbury Road

3

1

2

386

$3,000,000

71 High Street

5

4

2

567

$4,000,000

16 Tulloh Street

4

4

2

354

$3,000,000

30 Ward Street

5

4

1

468

$3,900,000

8 Hector Road

4

2

2

557

$2,950,000

18 Warners Avenue

3

1

2

860

$3,825,000

55 High Street

3

2

1

528

$2,910,000

42 Laurel Street

5

2

1

531

$3,780,000

11 High Street

4

2

2

554

$2,850,000

44 Penshurst Street

0

0

4

556

$3,750,000

34 Artarmon Road

4

3

2

710

$2,800,000

9 Penshurst Street

4

2

1

649

$3,731,000

24 Warners Avenue

4

2

2

575

$2,752,000

47 Chelmsford Avenue

4

3

2

716

$3,720,000

12 Gorman Street

4

2

1

259

$2,750,000

20 Mabel Street

4

4

2

708

$3,710,000

3 Julian Street

3

2

1

316

$2,750,000

83 Sydney Street

4

2

2

803

$3,510,000

9 Alpha Road

3

1

1

501

$2,680,000

23 Mabel Street

4

2

2

601

$3,455,000

29 Eaton Street

4

2

2

525

$2,650,000

29 Garden Place

4

2

3

239

$3,410,000

47 Hector Road

3

1

1

314

$2,605,000

9 Tulloh Street

5

3

2

449

$3,400,000

61 Chiltern Road

3

1

2

598

$2,600,000

44 Cobar Street

4

2

2

653

$3,390,000

6 Armstrong Street

4

2

2

386

$2,500,000

69 Sydney Street

4

2

2

803

$3,380,000

29 Chiltern Road

2

1

1

474

$2,450,000

5 Sailors Bay Road

5

4

2

568

$3,360,000

2A Kalgoorlie Street

3

2

3

388

$2,410,000

21 Ward Street

5

3

2

468

$3,310,000

7A Borlaise Street

4

2

1

316

$2,380,000

11 Windsor Road

3

2

2

594

$3,285,000

44 Marlborough Road

3

2

1

348

$2,370,000

3 Warners Avenue

5

2

2

582

$3,250,000

3A Kalgoorlie Street

3

2

2

424

$2,351,500

110 Mowbray Road

4

3

2

651

$3,120,000

109 Mowbray Road

3

2

2

260

$2,350,000 Powered by Core Logic


2020/21 SUBURB SALES WILLOUGHBY

Address

Bed

Bath

Car

Total Sqm

Sold Price

Address

Bed

Bath

Car

Total Sqm

Sold Price

15 Penkivil Street

4

2

1

293

$2,320,000

33 Penshurst Street

2

1

2

232

$1,780,000

15 Armstrong Street

3

2

2

493

$2,300,000

5 Pendey Street

2

1

1

506

$1,662,000

80 Mowbray Road

4

2

2

405

$2,300,000

86A Mowbray Road

2

1

1

302

$1,485,000

650 Willoughby Road

4

2

2

398

$2,300,000

528 Willoughby Road

2

1

1

329

$1,295,000

3B Oakville Road

4

2

1

261

$2,250,000

1 Rosanna Close

4

2

2

255

$1,175,000

71 Marlborough Road

2

1

2

468

$2,230,000

41 Cobar Street

4

2

2

572

Not Disclosed

52 Tulloh Street

3

2

1

222

$2,200,000

20 Foundation Place

4

3

2

280

Not Disclosed

15 Borlaise Street

3

2

1

291

$2,175,000

5 Frenchs Road

3

2

2

434

Not Disclosed

49 Tulloh Street

4

2

1

373

$2,150,000

28 Frenchs Road

5

3

2

765

Not Disclosed

54 Tulloh Street

3

1

1

222

$2,150,000

6 Garden Place

3

2

2

300

Not Disclosed

39 Small Street

3

2

3

512

$2,143,000

10 Garden Place

3

2

2

199

Not Disclosed

53 Sydney Street

3

2

1

697

$2,100,000

33 Garden Place

4

2

3

258

Not Disclosed

9 Windsor Road

3

2

1

280

$2,090,000

19 Harris Street

3

2

4

748

Not Disclosed

162A Mowbray Road

3

2

1

266

$2,085,000

94 Laurel Street

5

2

1

487

Not Disclosed

22B Borlaise Street

3

2

1

260

$2,080,000

178 Mowbray Road

3

2

5

777

Not Disclosed

50A Laurel Street

3

1

1

266

$2,075,000

6 Pendey Street

5

3

2

580

Not Disclosed

12 Sailors Bay Road

4

2

2

531

$2,070,000

4 Remuera Street

4

3

4

453

Not Disclosed

58 Tulloh Street

2

1

1

335

$2,025,000

27 Cobar Street

2

1

1

314

$1,900,000

27 Frenchs Road

3

1

1

344

$1,900,000

21 Armstrong Street

3

2

1

493

$1,860,000

15 Elliott Lane

2

2

1

261

$1,825,000

1 Julian Street

2

1

1

323

$1,785,000

Powered by Core Logic

Powered by Core Logic


SUBURB STATS CAMMERAY

$2.585m

28

Median house price

Median days on market

50

29%

71%

Properties sold (12 months)

of Cammeray is houses

of Cammeray is units

3.4%

7.7%

43.6%

3 month price growth

12 month price growth

5 year price growth

77%

$1,098

2.2%

NSW auction clearance rate

Median weekly rent

Median rental yield

27%

29%

44%

Owned outright

Mortgaged dwellings

Tenanted dwellings

Powered by Core Logic


2020/21 SUBURB SALES CAMMERAY

Address

Bed

Bath

Car

Total Sqm

Sold Price

Address

Bed

Bath

Car

Total Sqm

Sold Price

17 Cowdroy Avenue

5

2

3

543

$5,600,000

18 Cairo Street

3

2

2

247

$2,450,000

11 Cowdroy Avenue

4

4

4

519

$5,550,000

5 Cairo Street

3

2

0

219

$2,435,000

54B Cowdroy Avenue

5

3

2

596

$5,100,000

9 Palmer Street

3

1

1

235

$2,370,000

32 Wilson Street

4

3

2

431

$4,650,000

15 Colin Street

3

1

0

259

$2,335,000

89 Colin Street

3

2

1

632

$4,500,000

9 Cammeray Avenue

4

2

1

389

$2,300,000

52 Carter Street

5

2

3

614

$4,200,000

37A Cammeray Road

3

1

2

205

$2,300,000

7 Weringa Avenue

5

3

3

462

$4,175,000

2 North Avenue

3

3

1

264

$2,300,000

10 Avon Street

4

2

2

501

$4,000,000

41 Palmer Street

3

1

0

346

$2,200,000

18 Carter Street

5

3

0

449

$4,000,000

1 Palmer Street

4

2

1

243

$2,150,000

13 Stratford Street

4

4

2

446

$4,000,000

268 West Street

3

2

1

195

$2,150,000

28 Warringa Road

4

3

1

455

$4,000,000

7 Morden Street

4

2

1

535

$2,098,000

84 Amherst Street

4

3

2

512

$3,850,000

84 Bellevue Street

2

1

1

291

$2,050,000

81 Amherst Street

4

2

1

543

$3,775,000

203 Ernest Street

3

1

1

177

$1,810,000

79 Colin Street

4

3

1

498

$3,680,000

5 Alan Street

4

3

2

502

$1,800,000

2 Vale Street

3

1

0

967

$3,600,000

326 West Street

2

1

2

228

$1,760,000

127A Bellevue Street

4

2

1

498

$3,575,000

16 Massey Street

3

1

1

257

$1,750,000

51 Carter Street

5

3

1

398

$3,515,000

1 Rowlison Parade

4

3

3

327

$1,500,000

5 Arkland Street

4

2

3

427

$3,390,000

11 Cammeray Avenue

3

2

1

162

$1,340,000

23 Lumsden Street

4

2

2

443

$3,150,000

2/49 Amherst Street

2

1

1

444

Not Disclosed

2 Lambert Street

3

1

3

506

$3,100,000

1/53 Amherst Street

3

2

2

447

Not Disclosed

98 Amherst Street

3

1

1

512

$3,000,000

129 Bellevue Street

4

2

2

498

Not Disclosed

14 Churchill Crescent

0

0

2

401

$2,950,000

4 Cairo Street

3

2

2

267

Not Disclosed

24 Cairo Street

3

2

1

225

$2,737,000

28 Cairo Street

2

1

0

249

Not Disclosed

50 Cairo Street

3

1

1

332

$2,700,000

20 Carter Street

4

2

1

388

Not Disclosed

37 Palmer Street

3

2

0

346

$2,620,000

21 Cowdroy Avenue

4

3

2

487

Not Disclosed

10 Raleigh Street

3

2

0

260

$2,620,000

6 Edwin Street

5

2

0

221

Not Disclosed

26 Cairo Street

3

1

0

250

$2,550,000

39 Palmer Street

3

1

0

342

Not Disclosed

11 Stratford Street

3

2

2

285

$2,500,000

5 Weringa Avenue

5

2

1

485

Not Disclosed

11 The Boulevarde

3

2

1

309

$2,455,000

36 Wilson Street

3

2

0

485

Not Disclosed Powered by Core Logic


TESTIMONIALS

Sean was extremely professional and determined in assisting us with the recent sale of our home. His integrity, care and constant updates throughout the campaign gave us the confidence that we were in the best hands. Selling a home is never easy but Sean was able to take away the pressure and stress from the process and through his negotiation skills and hard work, we achieved a great result. I would strongly recommend Sean to anyone who is looking to sell. Hedley | Vendor

We found Sean to be hard-working, knowledgeable, genuine and responsive. Sean is a highly professional agent who displayed great experience and integrity throughout the process. He was always willing to go the extra mile to ensure a successful outcome. We would be thrilled to buy or sell with Sean in the future. Lavinia | Buyer

Sean was genuine & honest with price guide; he had a focused strategy on how to get the best outcome for us & he delivered a Willoughby record. We were fully involved and kept updated throughout the entire campaign. Sean is trustworthy, open and ambitious to always get the best outcome for his vendors. Being multilingual & understanding what different cultures look for in a home made ALL the difference. Unreservedly recommend Sean as a honest, ambitious and genuine agent. Caroline | Vendor

We could not be happier with our choice of agent and the outcome of our sale. Sean worked with my wife and I to formulate a tailored campaign strategy to maximise our result given the prevailing market conditions. Sean’s well-reasoned and researched insights, coupled with his organised approach to implementing this strategy saw us achieve an exceptional result that was far above our expectations. Thank you Sean!! Matt | Vendor


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Sean Phuah 0402 511 088 seanphuah@atlas.com.au

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