QUARTERLY
Neutral Bay Apartments & Townhouses
market
REPORT NEUTRAL BAY Quarter 4, 2016
whyurbanliving.com
WHEN numbers Count Neutral Bay apartment and townhouse market had a strong end to 2016, with increased growth from the previous Quarter (3) across all areas. There was 12 more properties being offered compared to last quarter (3) and 10 less properties being offered at the same time last year (Q4, 2015). The average medium price for 1 bedroom apartments in Neutral Bay has tipped well over $700,000 and 2 bedroom apartments has now exceeded $1 million. The big increase for this quarter came from 3 bedroom categories with the same amount of properties being offered compared to the previous quarter. When we compare the average sale price last quarter it was sitting at around $1.4m and now $1.6m. In the fourth quarter (October to December), there were a total of 54 apartments/townhouses sold in Neutral Bay, with an average selling price of $1,067,972 Which when you compare it to Q3 of 2016, which was $1,186,197. This indicates a marked decrease of $118,225 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.
NEUTRAL BAY STATISTICS Average Price
No. Sold
Difference from Q3, 2016
1 bed
$727,178
25
+$27,678
2 bed
$1,020,214
16
+$58,095
3 bed
$1,631,642
12
+$140,247
AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,150,000 $1,050,000 $950,000 $850,000 $750,000 $650,000 $550,000 $450,000 $350,000 $250,000 $150,000
Dec 15
Jan16
Feb16
Mar16 Neutral Bay
Apr16
May 16
Jun 16
Jul16
Neutral Bay LGA
Aug 16
Sep16
Oct16
Nov 16
WHEN numbers Count
RECENT AREA SALES
Street Address
Beds
Baths
Cars
Price
Total SQM
6/387 Alfred St North
1
1
1
$680,000
4/389A Alfred St North
1
1
1
$650,500
23/441 Alfred St North
1
1
2
$549,000
49
33/441 Alfred St North
1
1
0
$700,000
49
6/100 Ben Boyd Rd
1
1
1
$790,000
15/192 Ben Boyd Rd
1
1
1
$900,000
310/21 Grosvenor St
1
1
0
Not Disclosed
18/8 Hardie St
1
1
1
Not Disclosed
21/112 Kurraba Rd
1
1
0
$695,000
45
401/30 May Lane
1
1
1
$801,000
77
4/132 Military Rd
1
1
1
$730,000
89/260-270 Military Rd
1
1
0
$530,000
20/4 Rangers Rd
1
1
1
$770,000
19/4-8 Waters Rd
1
1
1
$730,000
39/11 Watson St
1
1
1
$800,000
78
505/15 Wyagdon St
1
1
1
$775,000
53
7/19 Young St
1
1
0
$610,000
402/433 Alfred St North
2
1
1
$900,000
42/7 Anderson St
2
1
1
$720,000
3/131 Ben Boyd Rd
2
1
1
$1,120,000
18/89 Bent St
2
1
1
Not Disclosed
74
2/2 Eaton St
2
1
1
Not Disclosed
102
1/185A Falcon St
2
1
1
$890,000
86
114/19 Grosvenor St
2
1
0
$850,000
306/30 May Lane
2
2
1
$890,000
33/441 Alfred Street
96
18/89 Bent Street
6/132 Military Road
80
6/387 Alfred Street
5/101 Wycombe Road
WHEN numbers Count Street Address
Beds
Baths
Cars
Price
Total SQM
6/132 Military Road
2
1
1
$1,000,000
401/151 Military Road
2
1
1
$801,000
14/8-10 Montpelier Street
2
2
1
$1,800,000
5/15 Premier Street
2
1
2
$906,000
44/2 Spruson Street
2
2
1
$1,420,000
135
5/101 Wycombe Road
2
1
1
$950,000
91
3/373 Alfred Street North
3
2
1
$1,000,500
20/9 Anderson Street
3
2
2
$1,650,000
28/50 Aubin Street
3
2
2
$2,415,000
177
23/40B Barry Street
3
2
2
$1,406,000
132
1/29A Ben Boyd Road
3
1
1
$1,770,000
6/22 Bent Street
3
3
1
Not Disclosed
238/21 Grosvenor Street
3
2
3
$1,800,000
17/17 Harriette Street
3
2
1
$1,450,000
33/2 Spruson Street
3
2
1
$1,700,000
1/76 Undercliff Street
3
3
1
Not Disclosed
1/2 Rose Avenue
5
3
2
$3,100,000
317
186
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 “What can I say, the Urban Living Team led by Clare and Jason were fantastic. Their tenacity and commitment to getting the best results for us was well beyond the norm. They never gave up! and kept us well informed throughout the process. I would highly recommend them to anyone who was selling their home. You can trust them to get the job done. Many thanks Clare.� - Kate Noble 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