Beacon Hill Market Update JEFF JOHNSON YOUR LOCAL AGENT 0409 993 254
Behind the Listings
Jeff Johnson’s Perspective
Your trusted advisor, ready to guide you through the evolving market dynamics.
The Beacon Hill real estate journey has been an exhilarating ride over the last 36 months. From unprecedented growth during the COVID years to the inevitable market corrections, we’ve seen it all. As we navigate this dynamic landscape, we’re here to provide you with insights, trends, and a glimpse into what makes Team Johnson the go-to choose for your real estate needs.
Suburb sales 96 Total sales in Beacon Hill over the last 12 months 3 Brooker Ave $2,100,000 BED 4 BATH 2 CAR 2 2C Ethie Rd Undisclosed BED 5 BATH 4 CAR 2 70E Iris St $2,530,000 BED 5 BATH 4 CAR 3 19 Mary St $3,010,000 BED 4 BATH 3 CAR 2 29 Brooker Ave $6,565,000 BED 5 BATH 3 CAR 5 56 Golden Grove Undisclosed BED 6 BATH 5 CAR 3 50 Lady Penrhyn Dr $3,675,000 BED 5 BATH 3 CAR 3 13 Carolyn Ave $2,400,000 BED 5 BATH 3 CAR 3 40 Government Rd $3,150,000 BED 6 BATH 5 CAR 2 92 Beacon Hill Rd $1,950,000 BED 4 BATH 2 CAR 4 30 Oxford Falls Rd $3,000,000 BED 6 BATH 3 CAR 4 Please note that all recent sales are provided by Beacon Hill 29C Princess Mary $2,545,000 BED 4 BATH 3 CAR 2
Beacon Hill
Real Estate Snapshot
For my team and I it’s been really interesting to have worked in such a rapidly changing market, beginning with the impact of COVID-19 in February 2020
Following government stimulus measures, the median price in the area increased approx. 30% and peaked at $2.25m in October 2021.
From there, the market underwent a significant downturn, primarily driven by 13 interest rate increases, which led to a market trough in December 2022, with median prices falling to $1.78 million. Despite these challenging conditions, the market has made a strong recovery over the past 12 months, with median prices for the first quarter or 2024 back on par with the 2021 peak.
Strong employment figures have bolstered buyer confidence, while the desire to upsize into larger properties has driven demand. Additionally, the rising cost of building has made “turn-key” properties more attractive, as buyers look to avoid costly renovation projects.
In particular, finance-approved buyers are focusing on certain desirable property features. These include flat level blocks, close proximity to cafes, schools, and transport hubs, indoor-outdoor flowing floor plans, and pools. These preferences reflect a shift towards a more lifestyle-oriented approach to home buying, with buyers seeking properties that offer convenience and a high quality of life.
What’s next for 2024/2025?
Buyers are not sitting on their hands, they’re making decisions and vigorously pursuing properties that fit their needs across all price points which is creating a strong balanced market for 2024 and 2025
If you would like to know the current value of your property, get in touch with Jeff Johnson for an obligation free appraisal today on 0409 993 254
Suburb statistics
How Beacon Hill 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. 14.1%
Upstate Northern Beaches Market Share
Upstate Beacon Hill Market Share $6,100,000 Highest sale price 7,476 Current population $2,200,000 Median House price $1,340,000 Median Unit price $1,000 /week Average rental price - House $610 /week Average rental price - Unit 25 Average days on market - House 77 Number of House sales 65 Number of Unit sales
14.8%
Delving into Data: 2100 Postcode Trends Over 10 Years
Median price 10 years
Beacon Hill Allambie heights Brookvale
We foresee a consistent growth trajectory in 2024, particularly with the expected relaxation of interest rates in the late winter and spring, strategic considerations are crucial for both buyers and sellers.
Considerations in Discussion:
Buyers contemplate the timing of their purchase, weighing whether to act before potential price increases.
Sellers deliberate the optimal moment to list, evaluating whether to capitalise on surging prices.
If your considering making a change in 2024 and would like an honest understanding of your property, please give team Johnson a call.
The Northern Beaches biggest team and database in a single office.
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 900,000 1,000,000 2,000,000 3,000,000 Median price 2013 $905,000 Beacon Hill $905,000 Allambie heights $971,000 Brookvale $1,100,000 Median price December 2023 Beacon Hill $2,150,000 Allambie Heights $2,250,000 Brookvale $2,730,000 Price increase over 10 years Beacon Hill 237% Allambie heights 231% Brookvale $248%
How Upstate performed in 2023
Commercial leased Prospective buyers on our database 260,000+ 82 Commercial sales 43 Residential leased Highest sale price Northern Beaches $26,000,000 555 Residential sales 375 Auction clearance rates Auction clearance rate Sydney Auction clearance rate Northern Beaches 74% 75% Auction clearance rate Upstate 80%
“SPOT ON WITH EVERYTHING”
Jeff took us through every step of the buy and the sell/auction, including the emotional steps. He was spot on with everything. Jeff was extremely prompt with his communications and never left us waiting. And he made it FUN! The best guy to have on your side.
Vendor Review - Beacon Hill
UP FRONT, HONEST, & GENUINE ”
Dealing with Jeff was the best experience I have ever had with a real estate agent. This guy is up front, honest, and genuine. I can highly recommend dealing with Jeff, and I would not hesitate to go with him again.
Vendor Review - Beacon Hill
upstate.com.au
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Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW
$23,000,000 Annual Sales 70% Vendor Star Rating 166 Total Properties Sold Jeff Johnson Licensed Real Estate Agent 0409 993 254
2099
jeff.j@upstate.com.au