Quarterly QuarterlyMarket MarketReport Report
Apartments Apartmentsand andTownhouses Townhouses--Cremorne Cremorne
Quarter Quarter32--2015 2015
Welcome to our market report Cremorne across all apartment and townhouses saw a slight slow in growth for this quarter with three bedroom apartments taking the biggest hit with a 17% decrease in prices despite there being fewer three bedrooms offered for sale in this quarter. On the positive side, one bedroom apartments saw a whopping 12.5% growth since last quarter and two bedroom apartments experienced 5.5% growth. Interestingly, there are normally fewer properties listed for sale in winter which generally drives prices because demand outweighs stock, however there were five more properties listed for sale this quarter compared to last quarter. In the third quarter (July to September), there were a total of 70 apartments/townhouses sold in Cremorne, with an average selling price of $945,212. When you compare it to Q3 of 2015, which had an average selling price of $968,340, this indicates a marked decrease of $23,128. As we move into the spring selling quarter (October – December) the media has been reporting a decrease in auction clearance rates across Sydney and that we are at the peak of the market and there is a change coming next year. The Lower North Shore and our office are still experiencing consistently good clearance rates and strong buyer demand. Now is a great time to sell and we would love to have a discussion with you regarding your next move.
Cremorne Statistics Average Price
Number Sold
Difference from Q2, 2015
1 bedroom
$640,638
20
+$36,263
2 bedroom
$1,037,884
33
+$130,484
3 bedroom
$1,292,857
8
-$229,064
4 bedroom
$1,772,750
1
Average sales prices tracked over the last 12 months $1,000,000 $915,000 $830,000 $745,000 $660,000 $575,000 $490,000 $405,000 $320,000 $235,000 $150,000
Jun 14
Jul 14
Aug 14
Sep 14 Cremorne
Oct 14
Nov 14
Dec 14
Jan 15
North Sydney LGA
Feb 15
Mar 15
Apr 15
May 15
Recent Sales Street Address
Beds
Baths
Cars
Price
4/3-7 Bariston Avenue
1
1
1
$689,000
7/218 Ben Boyd Road
1
1
1
$610,000
14/232 Ben Boyd Road
0
1
1
$490,000
3/240 Ben Boyd Road
1
1
1
$520,000
42/120 Cabramatta Road
1
1
1
$580,000
36/10-12 Gerard Street
1
1
1
$815,000
11/87 Gerard Street
1
1
1
$665,000
8/1-7 Hampden Avenue
1
1
1
$753,000
4/138 Holt Avenue
1
1
1
$568,000
4/24 Iredale Avenue
1
1
0
$698,500
215/2 Macpherson Street
1
1
1
$635,000
306/2 Macpherson Street
1
1
1
$640,000
312/2 Macpherson Street
1
1
1
$647,000
1/14 Macpherson Street
1
1
1
$715,000
208/287 Military Road
1
1
0
$320,000
301/287 Military Road
0
1
1
$333,000
317/287 Military Road
0
1
1
$350,000
415/287 Military Road
0
1
1
$352,500
603/287 Military Road
0
1
0
$325,000
10/27 Murdoch Street
1
1
1
$635,000
206/7 Parraween Street
1
1
0
$600,000
17/65 Parraween Street
1
1
1
$641,000
14/5-7 Sutherland Street
1
1
1
$800,000
2/61 Yeo Street
2
2
2
$1,423,000
1302/206 Ben Boyd Road
2
2
1
$1,250,000
3/58 Benelong Road
2
1
0
$810,000
3/24 Bennett Street
2
1
1
$882,000
19/114-116 Cabramatta Road
2
2
2
$975,000
27/18 Cranbrook Avenue
2
1
1
$1,455,000
61/81B Gerard Street
7/218 Ben Boyd Road
73/120 Cabramatta
2/25 Harrison Street
For a full list of sales in this area, please visit our website whyurbanliving.com
4/132 Spencer Road
Recent Sales Street Address
Beds
Baths
Cars
Price
24/81A Gerard Street
2
1
1
$960,000
61/81B Gerard Street
2
1
1
$1,095,000
3/39 Grasmere Road
2
1
1
$1,100,000
6/10 Hampden Avenue
2
2
1
$1,450,000
2/25 Harrison Street
2
1
1
$830,000
1/125 Holt Avenue
2
1
1
$1,150,000
40/6-12 Prospect Avenue
2
2
1
$997,000
10/13 Rangers Road
2
1
1
$968,500
10/29 Rangers Road
2
1
1
$965,000
11/30 Rangers Road
2
1
1
$940,000
31C Rangers Road
2
1
1
$1,291,000
1/36 Rangers Road
2
1
1
$1,291,000
1/25 Reed Street
2
1
0
$815,000
4/132-134 Spencer Road
2
2
1
$1,100,000
9/136-138 Spencer Road
2
1
1
$831,500
8/140 Spencer Road
2
1
1
$940,000
9/236 Spencer Road
2
1
1
$831,500
5/72-76 Spofforth Street
2
2
1
$1,131,000
2/1 Sutherland Street
2
1
0
$815,500
6/40 Sutherland Street
2
1
1
$911,000
3/28 Waters Road
2
2
1
$1,200,000
6/4 Fifth Avenue
3
3
2
$1,550,000
7/77 Grasmere Road
3
2
2
$1,410,000
8/17 Langley Avenue
3
2
1
$1,325,000
7/20 Rangers Road
3
2
1
$1,200,000
2/17 Reynolds Street
3
2
1
$1,400,000
18/94A Spofforth Street
3
2
1
$1,180,000
7/131 Young Street
3
2
1
$985,000
3/31C Rangers Road
4
2
2
$1,772,750
Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales. Having identified a genuine lack of real estate expertise purely servicing the apartment and townhouse market on the Lower North Shore, LJ Hooker Lower North Shore has proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Rutledge and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a family home.
Why choose us? “Thats all it took, we had dealings with the agency before and my father said just call and the rest will be done, and so it was. Thats what you want in real estate; to find someone you can trust. We didn’t even discuss the fee as we knew the service was going to be great. Thanks Clare.” - Charlie Powell, Ben Boyd Road
Contact your Urban Living Specialists Clare Rutledge 0422 004 825 crutledge@ljhooker.com Daniel Campbell 0432 736 745 dcampbell@ljhooker.com
Jason Passlow 0402 182 632 jpasslow@ljhooker.com
LJ Hooker House 102 Glover Street Mosman NSW 2088 9969 1500 mnb.ljhooker.com.au
Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
“Good communication is as stimulating as black coffee and just as hard to sleep after.” Bring this coupon into Shot Cafe on Military for a free regular coffee and stay for the great conversations! 1/307 Military Road, Cremorne This voucher is for a regular size coffee only. Customers who upsize will be required to pay the difference. Vouchers are not redeemable for cash and are not transferable.