FY21 | Suburb Report
Jason Georges
Who saw the roller coaster of 2020/21 coming! Several economists predicted a downturn in the market off the back of 2020 Covid lockdowns. Prices were predicted to drop by up to 30% and the days on market to blow out, they could not have been more wrong. What I found in Willoughby is that stock levels simply could not keep up with buyer demand. Many factors may have fuelled this property boom, such as record low interest rates (cash rate of 0.1%), and international borders being closed (over 700,000 ex-pats returning to Australia) which has seen less international buyer competition. Auction clearance rates have consistently sat at around 85% in Willoughby and saw 86% of the Willoughby market selling at auction over the last 12 months. Also in the last 12 months Willoughby’s average days on market was 37 days, although
majority of houses sold over $3,000,000 took around 14 days on average to find a buyer. Average house prices in Willoughby have grown to $2,395,000 and apartments $888,500. High-end houses in Willoughby have been very popular with 3 houses in the last 6 months selling for over $6,000,000. Included in those highend sales was a highlight sale from Atlas, breaking a suburb record with a gorgeous Federation home on 1,100sqm selling for $6,500,000. My prediction for the year ahead is that stock will remain tightly held and prices will continue to grow consistently. I wish you all the best for the financial year ahead and I am here for all your real estate needs, please feel free to reach out to me.
Jason Georges 0421 958 391 jason.georges@atlas.com.au
WILLOUGHBY INSIGHTS
$2.395m 44.1%
86%
Median house sale price
5 year price growth
Properties sold at auction over 12 months
37
80
$973
Willoughby average days on market
Properties sold in Willoughby (12 months)
Median per week rent
2.2%
71%
29%
Median rental yield
of Willoughby is houses
of Willoughby is units
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WILLOUGHBY 12 MONTH SALES Address
Bed Bath Car
Sold price
Address
Bed Bath Car
Sold price
32 Remuera Street 15 Walter Street 56 Sydney Street 74 Laurel Street 64 Mowbray Place 71 High Street 30 Ward Street 18 Warners Avenue 42 Laurel Street 9 Penshurst Street 47 Chelmsford Avenue 20 Mabel Street 83 Sydney Street 23 Mabel Street 29 Garden Place 9 Tulloh Street 44 Cobar Street 69 Sydney Street 5 Sailors Bay Road 21 Ward Street 11 Windsor Road 1 Warners Avenue 3 Warners Avenue 110 Mowbray Road 18 Cobar Street 31 Mabel Street 16 Warners Avenue 5 Edward Street 35 Salisbury Road 16 Tulloh Street 8 Hector Road 55 High Street 11 High Street 34 Artarmon Road 24 Warners Avenue 12 Gorman Street 3 Julian Street 9 Alpha Road 29 Eaton Street 47 Hector Road 61 Chiltern Road 6 Armstrong Street 36 Penkivil Street
5 3 5 5 4 5 5 3 5 4 4 4 4 4 4 5 4 4 5 5 3 3 5 4 3 4 3 3 3 4 4 3 4 4 4 4 3 3 4 3 3 4 1
$6,500,000 $6,000,000 $4,800,000 $4,320,000 $4,250,000 $4,000,000 $3,900,000 $3,825,000 $3,780,000 $3,731,000 $3,720,000 $3,710,000 $3,510,000 $3,455,000 $3,410,000 $3,400,000 $3,390,000 $3,380,000 $3,360,000 $3,310,000 $3,285,000 $3,250,000 $3,250,000 $3,120,000 $3,060,000 $3,055,000 $3,025,000 $3,000,000 $3,000,000 $3,000,000 $2,950,000 $2,910,000 $2,850,000 $2,800,000 $2,752,000 $2,750,000 $2,750,000 $2,680,000 $2,650,000 $2,605,000 $2,600,000 $2,500,000 $2,500,000
29 Chiltern Road 2A Kalgoorlie Street 7A Borlaise Street 44 Marlborough Road 3A Kalgoorlie Street 109 Mowbray Road 15 Penkivil Street 15 Armstrong Street 80 Mowbray Road 650 Willoughby Road 3B Oakville Road 71 Marlborough Road 52 Tulloh Street 15 Borlaise Street 49 Tulloh Street 54 Tulloh Street 39 Small Street 53 Sydney Street 9 Windsor Road 162A Mowbray Road 22B Borlaise Street 50A Laurel Street 12 Sailors Bay Road 58 Tulloh Street 27 Cobar Street 27 Frenchs Road 21 Armstrong Street 15 Elliott Lane 1 Julian Street 33 Penshurst Street 5 Pendey Street 27/2 Artarmon Road 6/2 Armstrong Street 4/2 Armstrong Street 2/2 Armstrong Street 101A/34 Penshurst Street 204/562 Willoughby Road 86A Mowbray Road 304/562 Willoughby Road 528 Willoughby Road 3/1A Artarmon Road 101/72 Laurel Street 303/72 Laurel Street
2 3 4 3 3 3 4 3 4 4 4 2 3 3 4 3 3 3 3 3 3 3 4 2 2 3 3 2 2 2 2 3 3 3 3 3 2 2 2 2 3 2 2
$2,450,000 $2,410,000 $2,380,000 $2,370,000 $2,351,500 $2,350,000 $2,320,000 $2,300,000 $2,300,000 $2,300,000 $2,250,000 $2,230,000 $2,200,000 $2,175,000 $2,150,000 $2,150,000 $2,143,000 $2,100,000 $2,090,000 $2,085,000 $2,080,000 $2,075,000 $2,070,000 $2,025,000 $1,900,000 $1,900,000 $1,860,000 $1,825,000 $1,785,000 $1,780,000 $1,662,000 $1,630,000 $1,595,000 $1,563,000 $1,530,000 $1,510,000 $1,495,000 $1,485,000 $1,460,000 $1,295,000 $1,280,000 $1,260,000 $1,250,000
4 1 2 4 2 4 4 1 2 2 3 4 2 2 2 3 2 2 4 3 2 2 2 3 2 2 1 2 1 4 2 2 2 3 2 2 2 1 2 1 1 2 1
2 2 2 2 2 2 1 2 1 1 2 2 2 2 3 2 2 2 2 2 2 2 2 2 3 2 1 1 2 2 2 1 2 2 2 1 1 1 2 1 2 2 1
1 2 2 2 2 2 2 2 2 2 2 1 2 2 2 1 2 2 2 2 2 1 2 1 1 1 2 2 1 1 1 2 2 2 2 2 1 1 1 1 2 2 1
1 3 1 1 2 2 1 2 2 2 1 2 1 1 1 1 3 1 1 1 1 1 2 1 1 1 1 1 1 2 1 2 1 2 1 2 1 1 1 1 1 1 1
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WILLOUGHBY 12 MONTH SALES
Address
Bed Bath Car
Sold price
Address
Bed Bath Car
Sold price
303/150 Mowbray Road 47/2 Artarmon Road 35/2 Artarmon Road 205A/34 Penshurst Street 1 Rosanna Close 88/2 Artarmon Road 11/473-477 Willoughby Road 6/2 Artarmon Road 9/560 Willoughby Road 4/481 Willoughby Road 5/481 Willoughby Road 129/2 Artarmon Road 16/473-477 Willoughby Road 10/56-58 Frenchs Road 83/2 Artarmon Road 7/108 Penshurst Street 142/2 Artarmon Road 4/166 Mowbray Road 141/2 Artarmon Road 101/2 Artarmon Road 12/654 Willoughby Road 15/2 Artarmon Road 159/2 Artarmon Road 7/636 Willoughby Road 48/2 Artarmon Road 134/2 Artarmon Road 101/562 Willoughby Road 3/608 Willoughby Road 7/39 Frenchs Road 13/2 Artarmon Road 5/636 Willoughby Road 15/680 Willoughby Road 2/39 Frenchs Road 7/2 Artarmon Road 6/1B Armstrong Street 5/17-27 Penkivil Street 205/562 Willoughby Road 305/562 Willoughby Road 4/587-589 Willoughby Road
2 3 3 2 4 3 2 3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2 2 2 1 2 2 2 1 1 1 1
$1,220,000 $1,200,000 $1,190,000 $1,175,000 $1,175,000 $1,170,000 $1,155,000 $1,150,000 $1,110,000 $1,075,000 $1,075,000 $1,030,000 $1,025,000 $975,000 $971,000 $955,000 $950,000 $925,000 $920,000 $918,000 $913,000 $895,000 $892,000 $885,000 $880,000 $875,000 $860,000 $860,000 $855,000 $850,000 $850,000 $850,000 $825,000 $821,500 $815,000 $800,000 $799,000 $798,000 $786,000
6/39 Frenchs Road 29/166 Mowbray Road 103/562 Willoughby Road 104/562 Willoughby Road LOT 6/46 Frenchs Road 7/46 Frenchs Road 7/520 Willoughby Road 4/1B Armstrong Street 101/481 Willoughby Road 201/481 Willoughby Road 30/17-27 Penkivil Street 14/636 Willoughby Road 37/595 Willoughby Road 50/595 Willoughby Road 27/595 Willoughby Road 6A Alpha Road 103/2 Artarmon Road 41 Cobar Street 20 Foundation Place 5 Frenchs Road 28 Frenchs Road LOT 3/46 Frenchs Road 6 Garden Place 10 Garden Place 33 Garden Place 19 Harris Street 201/72 Laurel Street 94 Laurel Street 178 Mowbray Road 6 Pendey Street 11/1-5 Penkivil Street 4 Remuera Street 3/451 Willoughby Road 9/461 Willoughby Road 1/473-477 Willoughby Road 4/473-477 Willoughby Road 104/481 Willoughby Road
2 2 1 1 1 1 2 2 1 1 1 1 1 1 1 3 2 4 4 3 5 2 3 3 4 3 2 5 3 5 3 4 1 2 3 2 2
$780,000 $770,000 $770,000 $770,000 $735,000 $735,000 $735,000 $690,000 $690,000 $685,000 $645,000 $600,000 $326,000 $325,000 $305,000 Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed Not Disclosed
2 2 2 2 2 2 1 2 1 1 2 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
2 2 1 2 2 1 2 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 2 2 1 1 1 1 1 1 1 1 1 2 2 2 3 2 3 2 2 2 2 2 2 2 2 3 2 3 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 2 2 2 2 1 2 2 3 4 1 1 5 2 2 4 1 1 1 1 1
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HEAR WHAT MY CLIENTS HAVE TO SAY
Jason is a breath of fresh air to deal with. Jason helped my wife and I secure our family home in Willoughby. His insights and help were fantastic, and he was by far the most friendly and knowledgeable I’d dealt with in the area. Buyer | Mez
It was a pleasure working with Jason. He was honest and transparent, with great communication skills. Always quick to return a call, he was understanding and validated our concerns. Jason had great selling strategies whilst maintaining professional integrity. We were pleased with the price we got and wouldn’t hesitate to engage Jason again next time. Vendor | Sophie
Jason has become our “old friend”, since 2013 he’s helped buy and sell 3 properties. We trust his profession and experience; he takes care of us from pre-sale preparation to exchanging the contract. He handled our panic during the whole process, always delivering the best result. We definitely recommend Jason!!! Vendor | Fei Wang
Jason was helpful and very responsive to us when we had questions about the property, he was a good communicator and was very accommodating. He was not pushy and was clear in his thought process, which made the buying process less stressful after months of searching. Buyers | Ada and Tommy
Jason Georges 0421 958 391 jason.georges@atlas.com.au teamjasongeorges @teamjasongeorges atlas.com.au Atlas by LJ Hooker