Quarterly Market Report
Apartments and Townhouses | Neutral Bay
Quarter 4 - 2015
Neutral Bay Your Local
The last quarter of the year turned out to be very strong in the area with a continued growth of 10%. Three bedroom properties were a standout for the quarter, showing 5% growth. Two bedroom apartments stayed very steady with a 0.5% growth in prices since last quarter, and one bedrooms saw a 10% decline. As is often the case, fewer properties were sold in the last quarter, 10 less in fact than the previous quarter. The Lower North Shore still had substantial growth of 11% compared to the overall decrease of 0.3% in the greater Sydney for apartments, which is a great indication for the New Year that the Lower North Shore continues to perform. In the fourth quarter (October to December), there were a total of 67 apartments/townhouses sold in Neutral Bay, with an average selling price of $1,062,267. When you compare this to the third quarter of 2015, which was $953,707, this indicates a marked increase of $108,560. Throughout the last quarter and even now, there has been extensive reporting from the media regarding a fall in prices and a decrease in auction clearance rates across Sydney. The Lower North Shore did not encounter this and in fact had a very strong quarter leading into the New Year. There is no reason to believe that this trend is going to change as our office continues to experience 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.
NEUTRAL BAY STATISTICS Average Price
No. Sold
Difference from Q3, 2015
$620,288
16
-$67,857
2 bed
$1,009,416
30
+$5,096
3 bed
$1,492,080
21
+$69,830
1 bed
AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,050,000 $960,000 $870,000 $780,000 $690,000 $600,000 $510,000 $420,000 $330,000 $240,000 $150,000
Dec 14
Jan 15
Feb 15
Mar 15 Neutral Bay
Apr 15
May 15
Jun 15
Jul 15
North Sydney LGA
Aug 15
Sep 15
Oct 15
Nov 15
Neutral Bay Your Local
Street Address
Beds
Baths
Cars
Price
28/22 Bent Street
1
1
0
$542,000
25/88 Bent Street
1
1
1
$708,888
9/18 Byrnes Avenue
1
1
1
$520,000
16/6 Hardie Street
1
1
1
$625,000
1/174A Kurraba Road
1
1
1
$675,000
49/199-207 Military Road
1
1
1
$672,000
1/7 Premier Street
1
1
0
$575,000
2/15 Shellcove Road
1
1
1
$635,000
1/7 Bennett Street
2
1
1
$915,000
11/7 Highview Avenue
2
1
1
$1,150,000
3/4 Hayes Street
2
2
0
$1,620,000
1/88 Kurraba Road
2
1
1
$888,000
2/133 Kurraba Road
2
1
0
$1,060,000
2/10 Lindsay Street
2
1
1
$870,000
9/29 Rawson Street
2
2
1
$1,290,000
9/9 Raymond Road
2
1
1
$935,000
5/1 Spains Wharf Road
2
2
1
$1,910,000
12/3 Yeo Street
2
1
1
$810,000
304/29 Yeo Street
2
1
1
$980,000
46/19A Young Street
2
2
2
$1,175,000
10/373 Alfred Street North
3
2
1
$1,144,800
12/22 Bent Street
3
2
2
$1,460,000
502/19 Grosvenor Street
3
2
2
$2,560,000
1/1 Kurraba Road
3
1
0
$1,380,000
2/14 Kurraba Road
3
2
2
$1,405,000
2/9 Penshurst Avenue
3
2
2
$2,100,000
5/9 Thrupp Street
3
1
1
$1,055,000
OUR RECENT SALES
4/6 Westleigh Street
46/19A Young Street
12/3 Yeo Street
1/40 Ben Boyd Road
5/1 Nook Avenue
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 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? “Daniel Campbell and the team at Urban Living by LJH sold my apartment in Neutral Bay in November 2015. Daniel was the ultimate professional throughout the entire process, and not only is he very organised and efficient but most importantly he keeps in constant contact with you and updates you on all viewings, and any progress made. Daniel achieved a sale price of more than what I expected and hoped for in a very short timeframe. I wouldn’t hesitate to recommend Daniel and Urban Living by LJH to anyone planning on selling their property.” - Catherine Linton “I have dealt with LJ Hooker Mosman three times now over the past decade and have been nothing but very happy every time. Clare took the time to get to know me and what I needed. She understood the requirements and drivers of the sale and went on to sell my apartment in record time for a record price, not only for my place but the whole block! I found my interactions with Clare to be positive and personable and would not hesitate to recommend her in the future.” – Nicole Ganz
CONTACT YOUR URBAN LIVING SPECIALISTS Clare Rutledge D 8969 4149 M 0422 004 825 E crutledge@ljhooker.com
Jason Passlow D 8969 4162 M 0402 182 632 E jpasslow@ljhooker.com
LJ Hooker House 102 Glover Street Mosman NSW 2088 9969 1500 mnb.ljhooker.com.au
Daniel Campbell D 8969 4121 M 0432 736 745 E 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.