Newport Market Update Kelly Mulvihill YOUR LOCAL AGENT
Suburb sales 276
Total sales in Newport over the last 12 months
13/6 Queens Parade
5/69 Beaconsfield Street
1/25 Bardo Road
2/1 Seaview Avenue
91 Wallumatta Road
16/40 Foamcrest Avenue
8/23 Woolcott Street
6/23 Ocean Avenue
10/12 Seaview Avenue
52 Wallumatta Road
10/8 Queens Parade
1/67 Foamcrest Avenue
Suburb statistics How Newport performed over the last 12 months
$10,000,000
$3,140,000
$1,400,000
Highest sale price
Median House price
Median Unit price
31
168
102
Average days on market - House
Number of House sales
Number of Unit sales
16
$1,150/week
$575/week
Average days on market - Unit
Average rental price - House
Average rental price - Unit
22.3%
30.8%
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 With the shift in employment patterns, Newport saw unprecedented growth over the last year. A large portion of new buyers came from the East with the desire for the Northern Beaches lifestyle. What’s not to love with spectacular views of Pittwater, a permanent holiday vibe and only 40 minutes to Sydney’s CBD. The start of 2022 saw 30% more stock hit the market within Newport, making it more competitive and a great time for homeowners to sell. Backed by low interest rates, greater choice for buyers resulted in a strong first quarter for the region. We are currently seeing strong sale prices in the area and as forecasts suggest interest rates are likely to continue to rise throughout the year, now could be the best time to sell. If you’ve thought about selling recently, now is a great time to make your move. With a team that knows Newport like the back of our hands, we are here to help you find yourself in a better place.
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
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Number 1 Northern Beaches single office, with the biggest team and database. NUMBER OF TRANSACTIONS 2021 500
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NOVAK
BELLE DEE WHY
CLARKE AND HUMEL
CUNNINGHAMS BALGOWLAH
UPSTATE
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Kelly Mulvihill Sales Consultant
0435 177 153 kelly.m@upstate.com.au
Kelly’s approach is to understand the real needs of people. He is a standout and dynamic performer in the area.
$10,000,000
60%
13
Highest sale price
Repeat clients and referrals
Years of experience
GREAT AGENT
REASSURING AND PERSISTENT
Kelly was fantastic, as a first home buyer I was very unsure of the whole process and, he was a great help along the way, with nothing ever too hard. Great communication and very accommodating. I would highly recommend him.
Kelly went above and beyond to get our sale over the line!! We couldn’t be happier with the end result. We would have no hesitations recommending Kelly for your next sale! Vendor – Queens Parade, Newport
Purchaser – Gladstone Street, Newport
upstate.com.au Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099
YearS YOUNG
1922-2022