Quarterly Market Report
Apartments and Townhouses - Mosman
Quarter 2 - 2015
Welcome to our market report Wow can the market get any hotter right now? Mosman has outperformed its first quarter of this year which we thought was going to be tough to beat, but it continues to break records with 2 bedroom apartments the biggest growth area with a marked increase of a massive 12.6%. 1 bedroom units were second with an increase of 4.8% and 3 bedroom apartments a close third with 4.4%. Strong buyer demand coupled with limited stock being offered appears to be a driving force along with consistent low interest rates. In the second quarter of 2015 (April to June), there were a total of 95 apartments/townhouses sold in Mosman, with an average selling price of $1,006,984. When you compare this to Q1 of 2015, which was $901,875, this indicates a marked increase of $105,109. The government is trying to slow growth down through the media by reporting on so called “property bubbles” and abolishing negative gearing, however the ripples from this do not appear evident yet and winter still remains the best time to sell. So if you are thinking about selling, now is a great time before the influx of spring properties come onto the market. More properties on the market in Spring traditionally soften prices due to more properties for buyers to choose from. We would love the opportunity to catch up in person and discuss your real estate plans.
Mosman Statistics
For the 12 months prior to June 2015, the industry’s average days on market for apartments/townhouses in Mosman was 46. Urban Living by LJH’s average days on market for Mosman is just 25 for the same period.
Average price
Number sold
Difference from Q1, 2015
1 bed
$583,166
24
+$28,158
2 bed
$1,001,583
50
+$126,308
3 bed
$1,766,666
21
+$78,333
Average sales prices tracked over the last 12 months $950,000 $870,000 $790,000 $710,000 $630,000 $550,000 $470,000 $390,000 $310,000 $230,000 $150,000 Jun 14 Jul 14
Aug 14 Sep 14 Mosman
Oct 14 Nov 14 Dec 14
Jan 15 Feb 15 Mar 15 Apr 15 May 15
North Sydney LGA
Recent Sales Street Address
Beds
Baths
Cars
Price
6/68 Bradleys Head Road
1
1
1
$650,000
15/73 Bradleys Head Road
1
1
1
$679,000
1/6 Clifford Street
1
1
0
$565,000
16/14 Clifford Street
1
1
0
$540,000
2C/112 Cowles Road
1
1
1
$760,000
46/6 Hale Road
1
1
1
$485,000
7/33 Heydon Street
1
1
0
$575,000
6/48 Middle Head Road
1
1
1
$611,500
405/450 Military Road
1
1
2
$620,000
10/464 Military Road
1
1
1
$491,000
4/938 Military Road
1
1
1
$515,000
3/15 Moruben Road
1
1
1
$615,000
8/12 Mosman Street
1
1
1
$474,000
31/22 Mosman Street
1
1
0
$655,000
22/17 Raglan Street
1
1
1
$755,000
19/180 Raglan Street
1
1
1
$600,000
17/184A Raglan Street
1
1
1
$621,000
18/20 Rawson Street
1
1
1
$685,000
1/102 Spit Road
1
1
1
$552,000
9/164 Spit Road
1
1
1
$542,000
5/27 Warringah Road
1
1
1
$446,000
14/27 Warringah Road
1
1
1
$495,000
22/93 Avenue Road
2
1
0
$660,000
Recent Sales Street Address
Beds
Baths
Cars
Price
6/68 Bradleys Head Road
1
1
1
$650,000
15/73 Bradleys Head Road
1
1
1
$679,000
1/6 Clifford Street
1
1
0
$565,000
16/14 Clifford Street
1
1
0
$540,000
2C/112 Cowles Road
1
1
1
$760,000
46/6 Hale Road
1
1
1
$485,000
7/33 Heydon Street
1
1
0
$575,000
6/48 Middle Head Road
1
1
1
$611,500
405/450 Military Road
1
1
2
$620,000
10/464 Military Road
1
1
1
$491,000
4/938 Military Road
1
1
1
$515,000
3/15 Moruben Road
1
1
1
$615,000
8/12 Mosman Street
1
1
1
$474,000
31/22 Mosman Street
1
1
0
$655,000
22/17 Raglan Street
1
1
1
$755,000
19/180 Raglan Street
1
1
1
$600,000
17/184A Raglan Street
1
1
1
$621,000
18/20 Rawson Street
1
1
1
$685,000
1/102 Spit Road
1
1
1
$552,000
9/164 Spit Road
1
1
1
$542,000
5/27 Warringah Road
1
1
1
$446,000
14/27 Warringah Road
1
1
1
$495,000
22/93 Avenue Road
2
1
0
$660,000
Recent Sales Street Address
Beds
Baths
Cars
Price
11/12 Punch Street
2
1
0
$700,000
17/122 Raglan Street
2
1
1
$795,000
1/125 Raglan Street
2
1
1
$720,000
2/238 Raglan Street
2
1
1
$1,097,000
4/36 Rangers Avenue
2
1
0
$840,000
7/50 Shadforth Street
2
1
1
$290,000
6/51 Spit Road
2
1
0
$658,000
4/55 Spit Road
2
1
1
$735,000
3/113 Spit Road
2
1
0
$700,000
37/129 Spit Road
2
2
1
$860,000
14/174 Spit Road
2
1
1
$710,000
2/191 Spit Road
2
1
0
$790,000
4/1A Superba Parade
2
1
1
$980,000
1/41 Upper Almora Street
2
0
0
$1,925,000
78/6 Wyargine Street
2
1
0
$1,800,000
6/110 Cowles Road
3
2
2
$1,450,000
9/56 Harbour Street
3
2
2
$1,270,000
4/4 Mcleod Street
3
1
1
$1,140,000
6/139-153 Middle Head Road
3
2
2
$1,480,000
2/54 Musgrave Street
3
1
2
$1,450,000
2/13B Pearl Bay Avenue
3
2
2
$2,450,000
8/17 Raglan Street
3
2
2
$1,825,000
1/76 Spit Road
3
1
1
$1,230,000
Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales. Why choose us? “Sincere admiration & endorsement. Late last year (2014) I made contact with Urban Living by LJH for the purpose of selling my property in Neutral Bay. The sale was sensitive since my actual domicile is in Perth WA and I foresaw that communication might prove an irritant to all parties. I need not have worried. My first (of many) calls to the office was received with wonderful courtesy which set a pattern for the ensuing contacts throughout the period of planning. Ms Rutledge and I struck a comfortable rapport in which she took infinite pains to explain the entire process including the contract protocols, the most suitable publicity procedure and offered sound advice on presentation and timing. I cannot speak more highly of the actual sales experience itself which comprised frequent reports including updates of interested parties and all aspects relating to the “home open” programme up to the time of sale - which, I am happy to say, was most expeditiously accomplished. Ms Clare Rutledge enjoys my sincere admiration and warmest endorsement.” - Dr Atlas, Wyagdon Street
Contact your Urban Living Specialists Clare Rutledge 0422 004 825 crutledge@ljhooker.com Daniel Campbell 0432 736 745
Jason Passlow 0402 182 632 jpasslow@ljhooker.com
LJ Hooker House 102 Glover Street Mosman NSW 2088 9969 1500 mnb.ljhooker.com.au
dcampbell@ljhooker.com 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.
At Bloom Cafe we know how important your morning coffee is. Bring this coupon into Bloom to receive a coffee off your choice free of charge. 118 Prince Albert Street, Mosman