QUARTERLY market REPORT
SALES FOR APRIL, MAY AND JUNE 2016 by OUR LJ Hooker LNS
Quarterly Market Report
recent SALES
Unit 09/68-70 Chandos Street, St Leonards
2/83 Grasmere Road, Cremorne
Unit 03/68-70 Chandos Street, St Leonards
Unit 1/11 Langley Avenue, Cremorne
Unit 04/68-70 Chandos Street, St Leonards
Unit 303/21 Parraween Street, Cremorne
28 Falcon Street, Crows Nest
Unit 102/59 Parraween Street, Cremorne
101 West Street, Crows Nest
Unit 204/21 Parraween Street, Cremorne
114 Mowbray Road, Willoughby
4/116 Milson Road, Cremorne Point
4 Warung Street, McMahons Point
11 Illiliwa Street, Cremorne
Shop 2/96 Alfred Street, Milsons Point
12 Langley Avenue, Cremorne
807/15 Wyagdon Street, Neutral Bay
53 Reynolds Street, Cremorne
3/21 Lower Wycombe Road, Neutral Bay
7 Florence Street, Cremorne
3/6 Montpelier Street, Neutral Bay
19-21 Kareela Road, Cremorne
26/95a Ridge Street, North Sydney
12/15 Morden Street, Cammeray
2010/77 Berry Street, North Sydney
14/15 Morden Street, Cammeray
5/27 Moruben Road, Mosman
Unit 307/467 Miller Street, Cammeray
14/33 Moruben Road, Mosman
Unit 207/467 Miller Street, Cammeray
7/23 Warringah Road, Mosman
Unit 306/467 Miller Street, Cammeray
43 Awaba Street, Mosman
Unit 107/467 Miller Street, Cammeray
22/190 Spit Road, Mosman
Unit 206/467 Miller Street, Cammeray
603/38 Alfred Street, Mosman
Unit 203/467 Miller Street, Cammeray
55 Rosebery Street, Mosman
Unit 202/467 Miller Street, Cammeray
30 Spit Road, Mosman
Unit 302/467 Miller Street, Cammeray
Sale 2/30 Spit Road, Mosman
Unit 103/467 Miller Street, Cammeray
1/11 Royalist Road, Mosman
Unit 303/467 Miller Street, Cammeray
89 Awaba Street, Mosman
Unit 102/467 Miller Street, Cammeray
83 Spencer Road, Mosman
207/7-9 Abbott Street, Cammeray
8/2a Brady Street, Mosman
Unit 101/467 Miller Street, Cammeray
24 Gordon Street, Mosman
Unit 104/467 Miller Street, Cammeray
2/647 Military Road, Mosman
Unit 204/467 Miller Street, Cammeray
11 Wunda Road, Mosman
Unit 201/467 Miller Street, Cammeray
7 Royalist Road, Mosman
Unit 308/467 Miller Street, Cammeray
47 Spencer Road, Mosman
Unit 105/467 Miller Street, Cammeray
Unit 1/2-4 Lavoni Street, Mosman
Unit 301/467 Miller Street, Cammeray
4 Noble Street, Mosman
Unit 205/467 Miller Street, Cammeray
4/38 Parriwi Road, Mosman
Unit 208/467 Miller Street, Cammeray
3 Kahibah Road, Mosman
Unit 304/467 Miller Street, Cammeray
Penthouse 02, 28 Muston Street, Mosman
Unit 305/467 Miller Street, Cammeray
8/647 Military Road, Mosman
82a Amherst Street Street, Cammeray
28 Kardinia Road, Mosman
Unit 17/289-291 Miller Street, Cammeray
Unit 103/59 Parraween Street, Cremorne
19 Rowlison Parade, Cammeray
7/78 Spofforth Street, Cremorne
6 Lumsden Street, Cammeray
Auction Clearance Rate LJH LNS
95%
Welcome Hello and welcome to the latest LJ Hooker Quarterly Market Report. After the unprecedented growth in median prices in 2015, many were expecting softer market conditions this year - not so! For the June ¼ our area has again experienced exceptional clearance rates (eg; family homes - 92% clearance at auction), whilst the prestige market (both apartments and houses), was also very buoyant.
What’s driving this continued strength? Low stock levels and record low interest rates. Take our recent sale of 82a Amherst Cammeray. 239 buyers visited this home before it’s June 9 auction. (Sold under the hammer for $1.5m – a suburb record of $20,000 per sqm for an existing residential house). And what about the sale of 2/83 Grasmere Road Cremorne. 212 buyers visited this gorgeous art deco apartment. (Another strong under the hammer sale for a record price of $950,000!) 2 recent Mosman house sales give further evidence of this continued strength. A home we sold on Wunda Rd produced a $700k + gain in only 4 years with no structural changes, whilst a home on Medusa St realised a 24% gain with no improvements at all in only 24 months.
THE lifestyle LIST
Tips for the Upcoming Selling Season Stay in touch: ensure we are aware of your buying criteria and don’t be shy about calling us regularly. Here at LJ Hooker Lower North Shore we pride ourselves on a well-managed and interactive database and we love to talk with our buying clients regularly Research: See as many properties as you can – become an expert in your area so you can bid with confidence to your well researched limit Call or email anytime should you need assistance or advice, we are here to help! LJ Hooker Lower North Shore 9969 1500 mosman@ljhooker.com
Lower North Shore Auction Night 25th August 2016 With the selling season in full swing our August 25th Winter Edition Auction Night will be the perfect event for those looking to showcase their property. Auction has never been more effective and it’s time to capitalise on this opportunity. Act now and capitalise on record low stock levels and increased buyer competition, call one of our experienced sale professionals today. mosman@ljhooker.com 02 9969 1500
33
Cammeray Year by year % of growth HOUSES
2012
2013
- 8% - 8%
Year by year % of growth UNITS
19%
15%
16%
1%
1%
14%
13%
15%
2014
2015
2016
2012
2013
2014
2015
2016
Quarterly results Number of SALES
Lowest vs Highest SALES
33
$2,320,000
Average rent HOUSES
Average rent UNITS
$4,200,000
HOUSES $350,000
$2,525,000
$950 per week
$600 per week
UNITS
Cremorne Year by year % of growth HOUSES
2013
32%
6%
- 3%
2014
2015
2012
- 7%
Year by year % of growth UNITS
4% 2016
2%
2%
18%
7%
14%
2012
2013
2014
2015
2016
Quarterly Market Report
Quarterly results Number of SALES
52
Lowest vs Highest SALES $1,875,000
Average rent HOUSES
Average rent UNITS
$2,255,000
HOUSES $335,000
$2,280,000 UNITS
$1,075 per week
$600 per week
Cremorne Point Year by year % of growth HOUSES
2012
2013
- 7% - 3%
32%
6%
2014
2015
Year by year % of growth UNITS
4% 2016
2%
2%
18%
7%
14%
2012
2013
2014
2015
2016
Quarterly results Number of SALES
Lowest vs Highest SALES
11
$2,800,000
Average rent HOUSES
Average rent UNITS
$6,512,500
HOUSES $720,000
$1,725,000
$1,900 per week
$750 per week
UNITS
Kirribilli Year by year % of growth HOUSES
Year by year % of growth UNITS
1%
2013
19%
13%
10%
2%
2013
2012
- 11%
2014
2015
2016
2012
-6%
20%
8%
16%
2014
2015
2016
Quarterly results Number of SALES
Lowest vs Highest SALES
Average rent HOUSES
Average rent UNITS
10 $760,000
$3,120,000
$1,200 per week
$640 per week
UNITS
5
McMahons Point Year by year % of growth HOUSES
2012
2013
- 1% - 9%
Year by year % of growth UNITS
14%
17%
18%
2014
2015
2016
6% 2012
5%
2013
2014
-6%
15%
25%
2015
2016
Quarterly results Number of SALES
Lowest vs Highest SALES
10
$2,036,000
Average rent HOUSES
Average rent UNITS
$3,975,000
HOUSES $605,000
$2,250,000
$1,100 per week
$590 per week
UNITS
Milsons Point Year by year % of growth HOUSES
4%
2013
2012
- 6%
Year by year % of growth UNITS
12%
12%
18%
1%
0%
20%
2014
2015
2016
2012
2013
2014
Quarterly Market Report
Quarterly results Number of SALES
Lowest vs Highest SALES
Average rent UNITS
5 $1,215,000
$4,600,000
UNITS
$720 per week
4% 2015
16% 2016
Mosman Year by year % of growth HOUSES
2012
2013
- 12% - 13%
Year by year % of growth UNITS
28%
9%
20%
0%
1%
18%
6%
14%
2014
2015
2016
2012
2013
2014
2015
2016
Quarterly results Number of SALES
Lowest vs Highest SALES
116
$1,640,000
Average rent HOUSES
Average rent UNITS
$12,000,000
HOUSES $240,000
$2,855,000
$1,600 per week
$575 per week
UNITS
Neutral Bay Year by year % of growth HOUSES
2012
2013
- 12% - 13%
Year by year % of growth UNITS
28%
9%
20%
0%
1%
18%
6%
14%
2014
2015
2016
2012
2013
2014
2015
2016
Quarterly results Number of SALES
38
Lowest vs Highest SALES $1,311,000
Average rent HOUSES
Average rent UNITS
$3,750,000
HOUSES $485,000
$3,775,000
$950 per week
$570 per week
UNITS
7
Our Recommended Suppliers
Sydney Conveyancing Company Chris Smith and Lauren Haines are in the know when it comes to helping you through what can often be a daunting process. This combination of 20 years’ experience and a vast knowledge in Conveyancing, merged with over 10 years’ experience in the real estate industry provides a key point of difference for sellers, buyers and estate agents throughout the transaction. Their unique point of difference adds another dimension to the service provided by Chris Smith and the team at Sydney Conveyancing Company, and makes their team the perfect choice for all of your conveyancing needs. Christopher Smith P 02 8404 9300 E chris@sydcc.com.au License Number: 1027095
The Property Inspectors We offer a wide variety of reports to cover your specific needs. Before committing to buying a new home or paying a building contractor for works carried out you should talk to us.
Quarterly Market Report
If you are buying, Selling, Building or Renovating you should consider one of the following reports; • Pre Purchase Building & Pest + Plumbing & Electrical + Pool assessments • Strata Reports • New Construction – Defect reports / Engineering advice / Certification The Property Inspectors’ reports will ensure you’re fully aware of the condition of the property so you can make informed decisions. Call Emilio Calandra or his team today for your quote.
P 91815989 M 0411 880 588 W admin@thepropertyinspectors.com.au
Glenco Glenco Electrical are a Sydney based company that specialise in providing a reliable, trustworthy, and affordable service to their customers. They know how important it is to provide a fast and efficient service. For the team of trained and highly skilled electricians at Glenco there’s no job too big or too small. Glenco cover everything from lighting installations and repairs, to rewiring properties. If you are looking for an electrician in Sydney then we are confident Glenco will be able to help you.
P 02 9700 9996 E service@glenco.com.au W glenco.com.au
CLI F F ORD RESIDENC ES MOSMAN BAY
THE PINNACLE OF WATERFRONT LIVING OVERSIZED THREE BEDROOM + STUDY APARTMENTS A sophisticated revival of Mosman Bay’s past, ‘Clifford Residences’ is the newest addition to the shoreline of Sydney Harbour with uninterrupted Harbour views towards Cremorne Point and the city skyline. A collection of 4 residences, one per level, incorporating elegant interiors, expansive floorplans, entertaining terraces, private jetty and level lift access from private parking. A location impossible to replicate. - COMING SOON - REGISTER YOUR INTEREST
TIM ABBOTT | P 9969 1500
THE PINNACLE OF WATERFRONT LIVING OVERSIZED THREE BEDROOM + STUDY APARTMENTS A sophisticated revival of Mosman Bay’s past, ‘Clifford Residences’ is the newest addition to the shoreline of Sydney Harbour with uninterrupted Harbour views towards Cremorne Point and the city skyline. A collection of 4 residences, one per level incorporating elegant interiors, expansive floorplans, entertaining terraces, private jetty and level lift access from private parking.
A location impossible to replicate. - COMING SOON REGISTER YOUR INTEREST
TIM ABBOTT 9969 1500
Our Recommended Suppliers
Super Plumbers Super Plumbers is your local plumber for all your maintenance needs. Leaking taps and toilets, blocked sewers, broken hot water systems, blocked pipes, gas installs, drain inspections and anything in between. Super plumbers provides a friendly and efficient service and an emergency service when required. Ian Madsen M 0413 373 314 E ian@superplumbers.net.au
Audio Visual Sound and Image Installations was founded over 20 years ago when we identified that setting up and optimising complex AV equipment was beyond the capability or desire of many people. Whether it’s wall mounting tvs, multi-room video and music streaming, wifi-networks or master remote controls we pride ourselves on neat installations, relocations and simple instruction and support. Don’t DIY, make technology work for you – call 1300 AV4You. P 1300 284 968 W av4you.com.au
Quarterly Market Report
WHAT’S ON Mosman Youth Art Prize 2016 driven by Audi Centre Mosman
Pets Day Out 2016
Barefoot in the park, Feat. Georgie Parker – Ensemble theatre
2016 Blackmores Sydney Running Festival
• Saturday 9 July – Sunday 7 August 2016 • 10.00am – 5.00pm • Mosman Art Gallery & Community Centre. Corner Art Gallery Way & Myahgah Road, Mosman • Free
• August 25th– October 8th • See Ensemble Theatre site for times • Ensemble Theatre, Kirribilli
• Sunday 28th August • 10am – 2pm • Mosman Square and Village green • Free
• Bradfield Park, Alfred Street South Kirribilli • Sunday 18th September • 6am – 2pm • See Sydney Running Festival site for more details
YOUR local EXPERTS
Geoff Smith
Richard Harding
Bernard Ryan
Scott Stephens
Tim Abbott
Amy Pfeiffer
Sam Cameron
Anthony Cowie
Colin Craig
Lesley Crawford
Chris Girling
Clare Passlow
Jason Passlow
Karen Roberts
Cameron Scott
Sonia Tam
Margaret Woo
Jeremy Martin
Dara Bridgewater
Jake Wilson
11
Disclaimer: The information contained in this spread is of a general nature and has been sourced by LJ Hooker Lower North Shore from Residex and APM PriceFinder. Whilst this information has been carefully compiled, LJ Hooker provides no warranty or promise as to its correctness or reliability. Sales information is based on exchanged sales.
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real estate
Advertising your property in print and online brings
48%
more visitors to your open home
43%
more visitors to your online listing
than advertising online alone. ATTRACT MORE INTERESTED BUYERS TO YOUR PROPERTY