QUARTERLY
Cremorne Apartments & Townhouses
market
REPORT CREMORNE Quarter 4, 2016
whyurbanliving.com
WHEN numbers Count Cremorne apartment and townhouse market had a strong end to 2016, with increased growth from the previous Quarter (3) across all areas. The average medium price for 1 bedroom apartments in Cremorne has tipped over $700,000 and 2 bedroom apartments has now exceeded $1 million. The big increase for this quarter came from 3 bedroom category with some big sales which blew out the average sale price to over $1.8million dollars. When we compare this to last quarter, it was sitting at around $1.6m. This clearly demonstrates the strength of demand the 2016 year finished on. In the fourth quarter (October to December), there were a total of 61 apartments/townhouses sold in Cremorne, with an average selling price of $1,126,000. Which when you compare it to quarter 3 of 2016, which was $1,045,069. This indicates a marked increase of $80,931 or a 8% growth. We are constantly asked how will 2017 fare? We believe, while we remain in a low interest rate environment, coupled with strong buyer demand and limited properties being offered we are expecting 2017 to be a another strong year with consistent growth. If you are considering selling, now is a great time to capitalise on this very active market. We would love the opportunity to confidentially discuss your next move.
CREMORNE STATISTICS Studio
Average Price
No. Sold
$291,666
3
Difference from Q3, 2016
1 bed
$709,700
7
+$21,899
2 bed
$1,099,382
29
+$98,382
3 bed
$1,841,857
13
+$235,857
AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,200,000 $1,095,000 $990,000 $885,000 $780,000 $675,000 $570,000 $465,000 $360,000 $255,000 $150,000
Dec 15
Jan16
Feb16
Mar16 Cremorne
Apr16
May 16
Jun 16
Jul16
Cremorne LGA
Aug 16
Sep16
Oct16
Nov 16
WHEN numbers Count
OUR RECENT SALES
Street Address
Beds
Baths
Cars
Price
Total SQM
403/287 Military Rd
0
1
0
$160,000
414/287 Military Rd
0
1
1
$380,000
607/287 Military Rd
0
1
0
$335,000
29/26-30 Cranbrook Ave
1
1
1
$811,000
16/10-12 Gerard St
1
1
1
Not Disclosed
37/25 Hampden Ave
1
1
1
Not Disclosed
66
28/283 Military Rd
1
1
1
$650,000
69
2/92 Parraween St
1
1
1
$781,000
88
4/8A Rangers Rd
1
1
1
$620,000
65
9/34 Rangers Rd
1
1
1
$686,500
77
15/3-7 Bariston Ave
2
1
1
Not Disclosed
409
30/3 Bariston Ave
2
1
1
$1,236,500
119
403/206 Ben Boyd Rd
2
1
1
$1,200,000
121
3/1 Cranbrook Ave
2
1
1
$954,000
101
3/43 Ellalong Rd
2
1
1
Not Disclosed
4/3 Florence St
2
1
1
$1,050,000
101
17/40 Gerard St
2
1
1
$1,028,000
114
6/85 Grasmere Rd
2
1
1
$950,000
92
2/6 Hampden Ave
2
1
0
$1,075,000
27/16 Harrison St
2
1
1
$1,235,000
202/2 Macpherson St
2
2
1
$1,110,000
14/45 Murdoch St
2
1
1
$997,000
111
2/80 Murdoch St
2
2
1
Not Disclosed
322
13/73 Parraween St
2
2
1
Not Disclosed
75
29/26-30 Cranbrook Avenue
4/3 Florence Street
103/131 Spencer Road
95
3/32 Waters Road
9/34 Rangers Road
WHEN numbers Count Street Address
Beds
Baths
Cars
Price
Total SQM
49/6-12 Prospect Avenue
2
2
1
Not Disclosed
107
31/27 Rangers Road
2
1
1
$1,015,000
1/2-4 Reed Street
2
2
1
Not Disclosed
136
4/25 Reed Street
2
1
0
$800,000
74
1/4 Richmond Avenue
2
1
1
$1,685,000
103/131 Spencer Road
2
2
2
$1,272,000
6/140-142 Spencer Road
2
1
1
Not Disclosed
4/2 Spofforth Street
2
1
1
$976,000
1/64-70 Spofforth Street
2
2
1
Not Disclosed
290
9/25 Sutherland Street
2
2
1
$1,130,000
115
26/102 Young Street
2
1
1
$976,000
5/14 Bannerman Street
3
2
1
Not Disclosed
220
3/1 Bariston Avenue
3
2
2
$1,770,000
266
2/43 Ellalong Road
3
2
2
Not Disclosed
204
14/58-62 Gerard Street
3
2
2
Not Disclosed
1/95 Gerard Street
3
2
2
$1,325,000
2/51A Grasmere Road
3
2
2
Not Disclosed
25/17 Harrison Street
3
2
2
$2,025,000
2/15 Langley Avenue
3
1
1
Not Disclosed
102/38 Parraween Street
3
2
2
$2,600,000
1/21A Reynolds Street
3
2
2
$1,960,000
3/41-45 Sutherland Street
3
2
2
Not Disclosed
6/62-64 Sutherland Street
3
2
2
$1,710,000
108
3/32 Waters Road
3
2
1
$1,503,000
221
119
410
Urban Living by LJH is a boutique agency completely devoted to apartment and townhouse sales. Lead and managed by respected agents Clare and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a house. Call them today for a conďŹ dential discussion.
Why Choose Us “Working with Clare Rutledge from urban living was a pleasure. Her professional manner and knowledge of the market were the foundations of success. Clare was very responsive and her clear and concise communication ensured all parties were kept informed. She efficiently managed all the tasks in a timely fashion and her effectiveness in sales was demonstrated when she achieved a record sale in the block. We are delighted to recommend her.� - Maree Kirkpatrick 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
whyurbanliving.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.
THE lifestyle LIST
apartments &
townhouses
AUCTION 23rd Feb 2017