Elanora Heights Market Update
YOUR LOCAL AGENT
David Bain
Suburb sales 47 Total sales in Elanora Heights over the last 12 months 124 Powderworks Rd $2,090,000 BED 4 BATH 2 CAR 2 74 Elanora Rd $2,760,000 BED 6 BATH 4 CAR 6 9 Wesley St $2,650,000 BED 4 BATH 3 CAR 2 78 Elanora Rd $1,720,000 BED 3 BATH 2 CAR 2 6 The Fairway Undisclosed BED 5 BATH 3 CAR 2 76A Elanora Rd $2,450,000 BED 3 BATH 2 CAR 3 55A Elanora Rd $2,100,000 BED 4 BATH 2 CAR 2 21 Wesley St $2,100,000 BED 5 BATH 2 CAR 1 172 Woorarra Ave $2,350,000 BED 4 BATH 3 CAR 2 6 Kalang Rd Undisclosed BED 5 BATH 3 CAR 3 15 St Andrews Gt Undisclosed BED 4 BATH 2 CAR 3 143A Powderworks $1,880,000 BED 3 BATH 1 CAR 2 Please note that all recent sales are provided by Corelogic for Elanora Heights.
Suburb statistics
How Elanora Heights performed over the last 12 months
Source: Data is provided by CoreLogic and is based on statistical market data. Whilst all reasonable effort is made to ensure the information in this publication is current, Upstate does not warrant the accuracy or completeness of the data and information contained in this publication. -10.5% Capital growth - houses -5.4% Capital growth - units $3,450,000 Highest sale price 45 Average days on market - Unit $2,330,000 Median House price $1,180,000 Median Unit price $1,100 /week Average rental price - House $715 /week Average rental price - Unit 41 Average days on market - House 42 Number of House sales 5 Number of Unit sales
Market wrap
The Northern Beaches saw exponential growth in 2021 with property prices across the region increasing 30% on average. Although the market softened in 2022 with drops around 10% - 20%, Elanora experienced the lesser effect of this and held property value better than neighbouring comparative markets. Driving this stability is out-of-area buyers continuing to show strong interest in the Northern Beaches lifestyle, and low stock levels, which creates ideal conditions if you’re thinking of selling.
The median house price in Elanora has seen an increase from $1.94m in January 2023 to $2.06m in March 2023, whilst rental yields rose to 3.10% in the last 12 months, likely driven by the recent interest rate rises and landlords passing their mortgage increase onto tenants.
The Northern Beaches offers an exceptional choice for upsizers, downsizers, investors, and first-time buyers, resulting in continued demand for the region in any market.
For more information on the current market in your local area, contact David Bain today on 0405 620 920.
Commercial leased Prospective buyers on our database 162,000+ 112 Commercial sales 30 Residential leased Highest sale price Northern Beaches $26,000,000 591 Residential sales 366 Auction clearance rates Auction clearance rate Sydney Auction clearance rate Northern Beaches 77.8% 79.8% Auction clearance rate Upstate 80%
How Upstate performed in 2022
The latest at Upstate
Pioneering real estate technology to benefit everyone.
The New Digital Seller Experience
Discover a better way to sell, keep up to date and have complete peace of mind, anywhere, anytime with our innovative Upstate App. The selling process is right at your fingertips, with a live dashboard displaying current enquiries and buyer interest stats, trends, campaigns, offers, attendee numbers and more. You can be sitting at a café or enjoying the bustle of your day and message your agent directly while reviewing all of your property updates at a glance. Vendors can stay connected during the campaign, throughout every step of the selling journey with our exclusive phone app. This allows vendors to have 24/7 access to all of the stats, figures and updates about the property, prospective buyers and monitor up-to-minute offers and open home information.
Digital Property Valuations
Never be left wondering again. Our Upstate digital property valuation tool is now live and ready to make you a property expert in seconds. From market appraisals, suburb statistics, market trends, peak selling periods, sales and growth charts to details of nearby properties –you’ll have everything you need to make informed decisions at your fingertips. Real Estate moves fast. Our report helps you move faster.
Simply scan the QR code or go to upstate.com.au/property-report and enter a property address and you’ll become a property expert in seconds. It’s easy and its free!
Upstate property listings attract significantly more
enquiries than the market average.
The Northern Beaches biggest team and database in a single office.
Month 2022 Buyer enquiries Market average Buyer enquiries UPSTATE January 97 1,305 February 97 1,508 March 83 1,282 April 68 1,029 May 67 884 June 61 583 July 62 1,073 August 74 882 September 73 1,266 October 78 1,232
Dec Jan Feb Mar Apr May Jun Jul Au g Sep Oc t 3,000 2,250 1, 50 0 750 0 Upstate 2021 Upstate 2022 Market average
David Bain
Licensed Real Estate Agent
0405 620 920
david.b@upstate.com.au
Honesty, integrity and determination define David’s committed approach to Real Estate and his clients.
$4,400,000 Highest sale price
384 Total properties sold
“WE HAD THE BEST EXPERIENCE”
Our property listing, with fantastic pictures and spot-on wording, attracted a lot of buyers. Our house was not the easiest to sell and the market was challenging, but up to the end David navigated the sales process with a calm assurance and impressive professionalism and got us a deal we were very happy with.
Vendor Review - Elanora Heights
70% Repeat clients
“INTEGRITY AND CONSIDERATION”
David is calm and considered, and genuinely cares about his role in one of the most stressful times of your life. His steadfast personality and control was much needed at a time where the market was shifting and emotions were at an all time high. I would not hesitate to recommend David and would use him again in a heartbeat.
Vendor Review - Elanora Heights
upstate.com.au
Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099
