Dee Why Market Update
Peter Mosedale +
Suburb statistics
Upstate sales within Dee Why
$4,935,052
Highest sale price and new suburb record
106
Total sales in Dee Why in the past 12 months
Upstate are the most active agency in the Dee Why area. Ask us about hosting your strata meetings and Auctions in our purpose built rooms.
Thinking of selling?
We have qualified buyers waiting. Thinking of leasing? We have quality tenants waiting to move in.
Off the plan sales
HAMPTONS BY ROSE • DEE WHY
SALES STATISTICS
$4.93 million
Highest 3 bedroom sale price
Dee Why Suburb Record
$1.1 million
Highest 1 bedroom sale price
$2.98 million
Highest 2 bedroom sale price
100%
Upstate’s market share of sales
95% SOLD
We have a large number of qualified buyers who have enquired on these developments, who may be interested in your property.
BATHERS • COLLAROY
SALES STATISTICS
$5.05 million
Highest unit price
Collaroy Suburb Record
$2.7 million
Highest 2 bedroom sale price
100%
Upstate’s market share of sales
4,485
Number of enquiries
65% SOLD
Dee Why Update
Dee Why has emerged as a stand-out market, bucking the broader trends seen across the Northern Beaches. Consider these two case studies:
We sold a 3-bedroom unit off-plan during the previous market peak for $3,100,000. This same property was transacted just last month for $3,750,000. In another case, a property on the beach-front set a new record; it was sold for $3,033,333 two years ago and exchanged last month for $3,900,000 without any improvements. These examples highlight a 30% to 35% increase in just two years, a remarkable feat considering that most markets saw stronger prices in 2021 than today, with rising interest rates.
We attribute this growth to supply and demand dynamics, particularly in downsizing properties, where buyers are now favouring Dee Why over Manly due to affordability and lifestyle – a trend
we haven’t seen before. This shift reflects the council’s ongoing efforts to enhance Dee Why, a fact that developers are increasingly recognising.
When was the last time you had an update on the value of your home?
With our recent success in setting new benchmarks in the suburb it may be worthwhile re-evaluating your real estate plans. If you would like an update on the new value of your property, please get in touch with us on the details below.
If you have an investment property, our team can help. With a 36% growth in rentals within Dee Why over the past year, you may be surprised at your investment’s value.
How Upstate performed in 2024FY
$6,500,000
SMASHED OUR EXPECTATIONS
Phil and the team behind him were outstanding from start to finish. We bought this property as a weekender off Phil 8 months ago and we did so more because of him and his abilities to sell us the lifestyle, he sold a story. Therefore we knew who to call when selling. Not only did he smash our expectations, but the follow up post sale has been phenomenal from organising cleaners to having flowers upon arrival for my wife. We will be selling through Phil again.
Review - Dee Why seller/buyer
EXCEEDED OUR EXPECTATIONS
Peter Mosedale is by far the best business. His professionalism, hard work and knowledge is nothing short of exceptional. Peter’s drive to do the very best for us far exceeded our expectations and we would use him again in a heartbeat. He was always available to talk to us, answer questions and be the ultimate Real Estate agent for us. Peter and the staff at Upstate were amazing and made selling our property such an easy experience. I recommend in a heartbeat.
Review - Dee Why seller