Narrabeen/ North Narrabeen
Market Update Lachlan Yeates James Leith YOUR LOCAL AGENTS
Suburb sales 256
Total sales in Narrabeen and North Narrabeen over the last 12 months
8/88 Lagoon Street
5 Goodwin Street
159 Ocean Street
48 Lindley Avenue
165 Ocean Street
230 Ocean Street
14/144 Ocean Street
103/1-5 Narrabeen
69 Wimbledon Avenue
83 Wimbledon Avenue
143 Ocean Street
11/88 Lagoon Street
Suburb statistics How Narrabeen and North Narrabeen performed over the last 12 months
$7,400,000
$3,260,000
$1,280,000
Highest sale price
Median House price
Median Unit price
21
40
215
Average days on market - House
Number of house sales
Number of unit sales
17.5
$1,000/week
$650/week
Average days on market - Unit
Average rental price - House
Average rental price - Unit
14.3%
24%
Capital growth - houses
Capital growth - units
Sources: REA and Core Logic. Please note that property sales data is routinely updated, so may change retrospectively.
Market wrap The 2021 property market saw the sharpest capital growth in a 9-month period, averaging over 50% on the Northern Beaches. Low stock and the demand for lifestyle increased prices last year and predictions were uncertain on whether this would maintain in 2022. The first quarter of 2022 saw an 80% increase in stock compared to the previous year which caused the market to stabilise. Properties that continued to see record results were top end homes and apartments along with property campaigns that had the right strategy in place. With strong enquiry numbers and new buyers entering the market weekly, those who choose to sell now instead of holding off until Spring or Summer have the potential to reap excellent results. Overseas migrants and residents returning home will continue to flow steadily influencing both the sale and rental market throughout the year. The Northern Beaches is an attractive market for both homeowners and investors as it offers all the conveniences with the attractive beachside lifestyle. If you’re thinking of selling, speak to the team who continue to break sale records by working hard at getting the highest market price.
How Upstate performed in 2021
544
615
$10,125,000
Residential sales
Residential leased
Highest sale price Northern Beaches
108
123
118,000+
Commercial sales
Commercial leased
Prospective buyers on our database
Auction clearance rates MAY 2021 - MAY 2022 AVERAGE
78%
77%
77%
Auction clearance rate Upstate
Auction clearance rate Sydney
Auction clearance rate Northern Beaches
The latest at Upstate How we’re pioneering new real estate technology to benefit everyone.
Digital Property Valuations
Chatbot – Live on our Home page
Never be left wondering again. Our
It’s not the future without robots – or at
Upstate digital property valuation tool
least a chat-bot that is available 24/7
is now live and ready to make you a
to answer all of your questions and give
property expert in seconds. From market
you access to the information you need.
appraisals, suburb statistics, market trends,
Now, you can talk to us whenever you’re
peak selling periods, sales and growth
feeling up for a chat! Keeping in mind, the
charts to details of nearby properties –
bot has similar learning tendencies to us
you’ll have everything you need to make
humans, only much more efficient.
informed decisions at your fingertips.
At this stage it is classified as a toddler,
Real Estate moves fast. Our report makes
next month a teenager and the month
you move faster. Simply enter a property
after, a genius!
address and you’ll become a property expert in seconds. It’s super easy.
SEE FOR YOURSELF HOW UPSTATE COMPARES
Number 1 Northern Beaches single office, with the biggest team and database. NUMBER OF TRANSACTIONS 2021 500
400
300
200
100
NOVAK
BELLE DEE WHY
CLARKE AND HUMEL
CUNNINGHAMS BALGOWLAH
UPSTATE
The New Digital Seller Experience
agent directly while reviewing all of your
Discover a better way to sell, keep up to
property updates at a glance.
date and have complete peace of mind, anywhere, anytime with our innovative
Bitcoin accepted at Upstate
Upstate App. The selling process is right
We’re all about keeping up with
at your fingertips, with a live dashboard
technology, and that definitely includes
displaying current enquiries and buyer
cryptocurrency. So, as of 2021, Upstate
interest stats, trends, campaigns, offers,
accepts Bitcoin as a payment method
attendee numbers and more.
for all of your property marketing and
You can be sitting at a café or enjoying
property fees. Just ask, and we’ll arrange
the bustle of your day and message your
it for you.
Lachlan Yeates
James Leith
0414 660 033
0451 008 670
lachlan@upstate.com.au
james.l@upstate.com.au
Director in Charge
Licensed Real Estate Agent
A PLEASURE TO WORK WITH
HIGHLY RECOMMENDED
From the very beginning of the selling
James did an excellent job both in
process Lachlan was always forthright
securing our new home and selling
and gave us great confidence that
our existing property. With the help of
he recognized the potential of our
Concierge service offered by Upstate,
home in the current market. He was
which is a great point of difference,
always a pleasure to work with,
he helped present our property
took a personal interest and worked
immaculately. James’ attention to
hard to achieve the best outcome
detail was 1st rate, and he offered
for us. We would have no hesitation
a personalised service at all times.
recommending Lachlan and his team.
In the final negotiations he helped
We were delighted with the outcome.
achieve a fantastic result which we
Vendor Review - North Narrabeen
greatly appreciated. Vendor Review - Narrabeen
$10,000,000
60%
1,375
Highest sale price
Repeat clients + referrals
Total properties sold
upstate.com.au
YearS YOUNG
1922-2022