Telopea Market Update
2020
Quick facts. $3,000,000
$57,000,000
- 16.98%
+ 16.36%
Highest sale price 2020
Change in 2019
Increase year on year
81
72
Sold in 2020
Sold in 2019
$1,100,000
$1,280,000
Median 2019
*Source: CoreLogic
2
Total sales volume 2020*
Median 2020
2020 in review. Market summary. What a year 2020 has been. With the property market starting strong in January we started to see some early signs of a recovery from the previous two years of decline as we saw increased enquiry and buyer inspections start to happen. Activity was then halted dramatically in March when COVID-19 restrictions took effect. Australia closed its boarders to nonresidents on the 20th March and social distancing requirements became effective on the 21st March. Consumer confidence was reduced dramatically with uncertainty the driving factor as we saw the economy take a dive and a lot of business start to struggle and our daily way of life changed overnight. No longer could we sit at a cafĂŠ, work out at the gym, attend concerts or even watch a Saturday property auction. Early predictions of the property market were decreases of 30% and some even declared we would see drops of up to 50% in the value of property. Looking now from the end of 2020, we have seen a year on year increase of around 16% for Telopea with the greater Sydney market having increased around 3%. With your house being your castle, and now being more important than ever, we have seen the demand outweigh supply in the suburb which has resulted in such growth this year. Looking into 2021, we look likely to continue to see some kind of sustained growth as demand continues to outweigh supply early in 2021. Buyers who have missed out late in 2020 will continue the search for a new home very early in 2021 as restrictions on travel through the end of year period will keep people nearby and actively looking. We would like to take this opportunity to thank you for your support throughout the year, and wish you and your loved ones a safe and happy 2021.
About Justin Spencer. Having an extensive and award-winning background in Property Management and Hospitality, Justin has a very good understanding of the importance of attention to detail and customer service and the role it can play in achieving the highest of results. Offering an intimate market knowledge, client focus and unwaveringly ethical approach to real estate, Justin has ensured his longevity in the industry now for over 13 years. With a genuine, down-to-earth approach, Justin is easily relatable offering a clear focus to selling your home, or helping you buy.
If you are curious to see what your home could be worth in this fast changing market we would love to meet and provide you with some information about this.
Justin Spencer | 0436 000 991 justinspencer@stonerealestate.com.au
3
2020 sales. Address 54 Tintern Avenue 14 Felton Street 5/9-11 Marshall Road 8/2 Burke Street 14A Yurunga Street 7/28-30 Adderton Road 43A Leamington Road 59 Tintern Avenue 23/65 Adderton Road 25A Robert Street 6 Felton Street 5A/11-13 Evans Road 7/71 Adderton Road 99-101 Adderton Road 2/20-24 Fullarton Street 22 Cook Street 5/99-101 Adderton Road 8/9 Wilkinson Lane 1 Cook Street 41 Tintern Avenue 10 Adina Street 26/65 Adderton Road 9 Wylde Street 41/19-27 Adderton Road 17 Fullarton Street 6/8 Field Place 37 Evans Road 7 Wylde Street 43 Robert Street 47 Robert Street 3/9 Wilkinson Lane 10 Leamington Road 8/8-12 Wesley Street 33 Arkana Street 4/2 Burke Street 17 Wesley Street 18 Cunningham Street 5/22 Robert Street 40 Marshall Road 21/10 Field Place 25 Barrawinga Street 9/20-24 Fullarton Street 14 Barrawinga Street 23 Sophie Street 4/16-20 Wilkinson Lane 1/41 Adderton Road 13 Felton Street 7/12-14 Winter Street 30/19-27 Adderton Road 13 Barrawinga Street 3A Wesley Street 47 Evans Road 5/8 Chestnut Avenue 1/11-13 Evans Road 7/1-3 Robert Street 8/5 Garden Street
Bed
Bath
Car
Land Size
Sale Date
Sale Price
5 5 3 3 5 3 5 3 2 3 4 2 2 4 2 4 4 3 3 5 7 2 4 2 4 2 1 4 4 3 3 5 3 3 3 3 4 2 3 3 4 4 0 3 3 3 4 2 2 3 5 5 3 2 3 3
3 3 2 2 4 2 3 1 1 2 3 2 2 2 1 2 2 2 1 3 3 2 3 1 2 2 1 2 2 2 2 3 2 1 2 2 3 2 1 2 2 2 0 1 2 2 2 1 1 1 3 3 2 2 1 1
2 2 4 2 0 1 0 2 0 2 3 1 1 2 2 2 2 2 1 2 2 1 2 1 1 1 0 2 3 2 2 2 1 2 2 1 2 1 1 2 1 2 0 1 2 2 1 2 1 0 2 3 1 1 1 1
352 721
30/11/20 13/11/20 04/11/20 29/10/20 29/10/20 19/10/20 17/10/20 15/10/20 13/10/20 10/10/20 08/10/20 11/09/20 10/09/20 10/09/20 07/09/20 05/09/20 30/08/20 29/08/20 22/08/20 22/08/20 20/08/20 14/08/20 11/08/20 30/07/20 29/07/20 27/07/20 23/07/20 16/07/20 04/07/20 04/07/20 25/06/20 17/06/20 25/05/20 23/05/20 20/05/20 19/05/20 13/05/20 08/05/20 23/04/20 16/04/20 01/04/20 01/04/20 21/03/20 19/03/20 14/03/20 13/03/20 29/02/20 19/02/20 10/02/20 07/02/20 30/01/20 29/01/20 22/01/20 21/01/20 18/01/20 11/01/20
$1,253,000 $3,000,000 $900,000 $825,000 Not Disclosed $806,000 $1,569,000 $730,000 $560,000 $993,500 Not Disclosed $613,000 $620,000 $950,000 $680,000 Not Disclosed $950,000 $892,000 $1,230,000 $1,530,000 $1,620,000 $550,000 $1,275,000 $495,800 $362,500 $575,000 $670,000 $1,300,000 $1,700,000 $1,750,000 $780,000 $1,240,000 $825,000 $1,120,000 $790,000 $1,450,000 $1,160,000 $660,000 $980,000 $630,000 $1,280,000 $833,000 $1,342,000 $1,200,000 $775,000 $639,000 $1,710,000 $625,000 $533,000 $1,280,000 $1,480,000 $1,200,000 $900,000 $580,000 $700,000 $550,000
Justin Spencer | 0436 000 991 justinspencer@stonerealestate.com.au
479 460 183 522 645
324
702 487 892 325 632 687 645 968 1,050 301 809 658 328 601 305 335 658
740
291 359 343