Quarterly Market Report
Apartments and Townhouses | Neutral Bay
Quarter 1 - 2016
Neutral Bay Your Local
The first quarter of 2016 turned out to be very strong for Neutral Bay with growth of 10%. 3 bedroom properties were the clear winner for the quarter with a whopping 31% growth, 2 bedroom apartments had a slight decrease with a 2% decline in prices since last quarter and 1 bedroom saw a 3% decline. There were 26 fewer properties transacted compared to the last quarter. This demonstrates tight stock levels are playing a major part in strong sales results for Neutral Bay. In the first quarter (January to March), there were a total of 51 apartments/townhouses sold in Neutral Bay with an average selling price of $1,062,267. When you compare this to Q4 of 2015, which was $953,707, this indicates a marked increase of $108,560. Now is a great time to sell as stock levels remain tight and will get tighter as we move towards winter. There could possibly be some uncertainty later in the year with a pending election which generally makes buyers pause and be more cautious so now is the time to take advantage of the strong buyer demand. We would love the opportunity to confidentially discuss your next move.
NEUTRAL BAY STATISTICS Average Price
No. Sold
Difference from Q4, 2015
1 bed
$602,350
10
-$17,938
2 bed
$986,156
19
-$23,260
3 bed
$2,166,000
21
+$673,920
4 bed
$2,725,000
1
AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,100,000 $1,005,000 $910,000 $815,000 $720,000 $625,000 $530,000 $435,000 $340,000 $245,000 $150,000
Mar 15
Apr 15
May 15
Jun 15 Neutral Bay
Jul 15
Aug 15
Sep 15
Oct 15
North Sydney LGA
Nov 15
Dec 16
Jan 16
Feb 16
Neutral Bay Your Local
Street Address
Beds
Baths
Cars
Price
3/2A Darley Street
1
1
1
$765,000
109/21 Grosvenor Street
1
1
0
$558,000
30/8 Hardie Street
1
1
1
$622,000
3/11 Harriette Street
1
1
1
$715,000
2/13 Harriette Street
1
1
1
$641,000
15/107 Kurraba Road
1
1
1
$785,000
7/4 Waters Road
1
1
1
$590,000
5/369 Alfred Street North
2
2
1
$975,000
22/50 Aubin Street
2
1
1
$980,000
25/37-45 Barry Street
2
1
1
$1,135,000
4/118 Ben Boyd Road
2
1
1
$900,000
6/1-3 Darley Street
2
1
0
$765,000
4/193 Falcon Street
2
1
1
$890,000
24/62-66 Grosvenor Street
2
2
1
$1,311,000
24/2 Lindsay Street
2
1
1
$720,000
1/9 Merlin Street
2
1
1
$855,000
4/13 Montpelier Street
2
1
0
$765,000
4/39-41 Raymond Road
2
2
1
$955,000
15/17 Shellcove Road
2
1
1
$1,850,000
28/2 Spruson Street
2
2
1
$1,190,000
10/82-86 Undercliff Street
2
1
1
$800,000
5/373 Alfred Street North
3
2
1
$971,000
105/433 Alfred Street North
3
2
2
$1,250,000
6/87 Bent Street
3
2
2
$1,875,000
4/125 Kurraba Road
3
2
2
$2,560,000
39/2 Spruson Street
3
2
2
$1,540,000
401/9 Yeo Street
3
1
2
$4,800,000
1/182 Kurraba Road
4
3
3
$2,725,000
OUR RECENT SALES
3/2A Darley Street
4/13 Montpelier Street
1/6 Montpelier Street
2/32 Waters Road
5/369 Alfred Street
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 Mosman proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Passlow 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? “Right from my first conversation with Clare I knew she was the one to go with. From my early enquiries and throughout the entire marketing and sale process Clare has provided me with great advice. Along every step of the way Clare communicated clearly and often with me, and made me feel that I was in safe hands. Her knowledge of the market and intuition for the making each step is impressive. I couldn’t rate Clare any more highly. Thank you again Clare.” - Cathy Challinor “Clare and her team were such a dream to work with. They went above and beyond to ensure that the property could be prepared for sale. They had every base covered from the complimentary session with a stylist which was really helpful and added so much value to ensuring our tenant was happy and cooperative. Would definitely sell through Clare and her team again.” - Jessica Tan
CONTACT YOUR URBAN LIVING SPECIALISTS Clare Passlow D 8969 4149 M 0422 004 825 E cpasslow@ljhooker.com
Jason Passlow D 8969 4162 M 0402 182 632 E jpasslow@ljhooker.com
Daniel Campbell D 8969 4121 M 0432 736 745 E dcampbell@ljhooker.com
Michael Pembroke D 8969 4145 M 0432 226 945 E mpembroke@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.