2014
Quarterly Marketplace Report
Frenchs Forest Properties Sold 1st January – 31st March 2015
How’s the market? What’s the likelihood of a housing ‘bubble’? Take a look at this graph showing the investor share of the market:
With the RBA cutting interest rates to a record low of 2.25%, the likelihood of Sydney experiencing a housing ‘bubble’ has increased. With another interest rate cut anticipated in the coming months, Sydney's housing market is predicted to increase by a possible 9-10% in 2015.
Every other state is flat at around 40%, but Sydney’s has suddenly shot up to 60%. Investors are borrowing like crazy and dominating Sydney real estate.
The efforts of the Reserve Bank to try and stimulate the Australian economy may come at the expense of the Sydney housing market overheating.
It’s caution to note that a large proportion of these investors will drop out of the market when rates do increase, leaving a very large proportion of buyers exiting the Sydney market.
Sydney's rise has been on another level when compared to the rest of Australia. It’s prices have soared 33% since mid 2012 and are rising at 13% year on year, compared to the rest of the country at 23% and 8% year on year.
Add to this the risk of surplus construction activity, and it’s no surprise that some commentators are predicting a price fall in Sydney property values when interest rates start to rise. As for now it doesn’t get any better than this if you are thinking of selling. Buyers are still highly motivated to secure a property in this market knowing that their interest repayments will be very low.
1st Quarter 2015 Statistics: Frenchs Forest
Residential properties sold
Properties for sale today
Highest Sale Price
Median Sale Price
Number of realestate.com.au Internet views for Frenchs Forest in February
44 22 $1.95m $1.32m
42,926
Number of properties sold compared to this time last year & last quarter
Number of properties sold
51
Oct-Dec 2014
50 49 48 47 46
Jan-Mar 2014 Jan-Mar 2015
45 44 43 42
What’s the most common price bracket in Frenchs Forest? $2mil+ $750,000-$1mil $1.5mil-$2mil
$1mil-$1.5mil
Properties Sold 1st Quarter 2015 1 Yanina Place - bed - bath
-
car
696m2
$930,000 556m2
$1,050,000 2
car
1
car
816m2
550m2
27 Trigalana Place 3 bed 1 bath 2 car
696m2
$1,060,000
4A Noorong Avenue 3 bed 2 bath 2 car
354m2
$1,080,000
2 Careebong Road 4 bed 2 bath 2 car
727m2
$1,105,000
25 Moonbi Crescent 3 bed 1 bath 1 car
696m2
$1,105,000
29 Bluegum Crescent 4 bed 2 bath 4 car
1,081m2
$1,125,000
41 Nandi Avenue 4 bed 2 bath 1 car
556m2
$1,135,000
16 Rangers Retreat Road 3 bed 1 bath 3 car 696m2
$1,135,000 1
car
381m2
$1,136,000 2 Orange Grove 4 bed 2 bath
26 Parni Place 3 bed 2 bath
$1,058,000
$1,060,000
49 Iris Street 3 bed 2 bath
696m2
$945,000
84 Nandi Avenue 4 bed 2 bath 2 car 1 Garie Place 4 bed 2 bath
49 The Esplanade 3 bed 2 bath 3 car
13 Warung Avenue 3 bed 2 bath 1 car
746m2
$1,150,000 2
car
727m2
$1,173,500 40 Nandi Avenue 5 bed 2 bath 3 car
4 Rangers Retreat Road 3 bed 2 bath 2 car
695m2
$1,220,000 556m2
53 John Oxley Drive 5 bed 3 bath 2 car
796m2
$1,225,000
$1,230,000
61 Fitzpatrick Avenue East 6 bed 2 bath 2 car 696m2
22 Fitzpatrick Avenue East 4 bed 2 bath 1 car 358m2
$1,250,000
$1,280,000
Properties Sold 1st Quarter 2015 5 Noorong Avenue 4 bed 3 bath 2 car
702m2
696m2
$1,305,000
52 Dareen Street 4 bed 3 bath
8 Wilima Place 4 bed 2 bath
car
556m2
49 Peacock Parade 4 bed 3 bath 2 car
696m2
car
753m2
$1,325,000 25 Akora Street 3 bed 1 bath
2
car
696m2
2
car
701m2
1
car
697m2
105 Blackbutts Road 4 bed 3 bath 2 car
715m2
17 Cadow Street 3 bed 2 bath
9 Cobb Street 3 bed 1 bath
$1,338,000 2
car
562m2
$1,350,000
$1,355,000
14 Garner Avenue 4 bed 2 bath 1 car
1A Sorlie Road 5 bed 4 bath
702m2
2
car
887m2
575m2
$1,405,000 50 Dundilla Road 4 bed 2 bath 4 car
$1,475,000
car
879m2
8 Federation Place 5 bed 3 bath 2 car
702m2
$- Not Disclosed
$1,400,000 13 Dixon Avenue 5 bed 2 bath 1 car
2
$1,365,000
$1,355,000 5 Stricta Place 5 bed 2 bath
-
$1,322,000
$1,316,000 2
727m2
$1,315,000
$1,310,000
58 Sorlie Road 4 bed 2 bath
car
34 Careebong Road 5 bed 2 bath 2 car
$1,300,000 3
2
$1,292,000
$- Not Disclosed 14 Warung Avenue 5 bed 2 bath 2 car
20 Naree Road 3 bed 1 bath
1 Karingal Crescent 4 bed 2 bath 2 car
651m2
$1,425,000 696m2
11 Tyalla Avenue 4 bed 2 bath 1 car
$1,485,000
658m2
Properties Sold 1st Quarter 2015 25 Grace Avenue 3 bed 1 bath 3 car
804m2
$1,505,000
$1,491,000 6 Peppercorn Drive 4 bed 3 bath 2 car
$1,685,000
4 Frenchs Forest Road East 4 bed 2 bath 2 car 1,090m2
803m2
4 Garner Avenue 6 bed 4 bath 4 car
1,157m2
$1,956,000
Information about this report: This report only shows 3 months of sold properties and data. This report is based on third party data, which is provided by RP Data. Whilst care has been taken in the preparation of this report, neither the author nor the real estate agent takes any responsibility for any incorrect, misleading or inaccurate data. Please disregard this publication if your property is exclusively listed with another agent. Houses displayed are only houses which have sold in the quarter and were publicly listed.
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Why Tony Quattroville?
Tony Quattroville is an accomplished businessman and real estate agent who offers clients a unique understanding and passion for the Northern Beaches real estate market. A first-rate negotiator with a reputation for achieving results above expectation, Tony Quattroville has more than 30 years of local real estate experience and intimate market knowledge to his name. After successfully completing his studies at St Pauls College, Manly he commenced his career in real estate in 1985, selling his first listing when he was just 18 years young. Since that time he has sold more than 1000 properties on the Northern Beaches, some up to 4 times round. Tony is highly respected for his exceptional results, honesty and professional service. Tony is now ranked in the top 3% of best performing agents in the country.
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About us ONEAGENCY is a network of the industry's top real estate professionals- individuals who have excelled in their field & have earned the respected reputation required to successfully operate their very own real estate practice. The ONEAGENCY ethos is all about ONE on ONE personal service. After 30 years of successfully selling real estate on the Northern Beaches & with over 1000 sales personally to his name, highly regarded real estate identity Tony Quattroville, has proven over the years that when it comes to selling or leasing a property most owners will choose an experienced individual over a large organisation, and personal service counts for way more than the size of your shopfront.
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Head of Marketing
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Business Development Manager
Office
02 9905 3883
Mobile 0418 479 738 Email
tonyq@oneagency.com.au
Web
tonyquattroville.com.au