Narrabeen and North Narrabeen property market overview with Lachlan Yeates

Narrabeen/ North Narrabeen

Market Update Lachlan Yeates YOUR LOCAL AGENT

Suburb sales 48

Total sales in Narrabeen and North Narrabeen over the last 12 months

159 Ocean Street

83 Wimbledon Avenue

5 Goodwin Street

69 Wimbledon Avenue

4/230-234 Ocean Street

205/44 Ocean Street

11/88 Lagoon Street

1/1206 Pittwater Road

7/109 Ocean Street

6/104 Ocean Street

4/3-5 Wetherill Street

13/30 Malcolm Street

Suburb statistics How Narrabeen and North Narrabeen performed over the last 12 months

$8,050,000

$3,410,000

$1,200,000

Highest sale price

House sale price average

Unit sale price average

27.5

33

194

House days on market average

Number of sales houses

Number of sales units

26

$1,100/week

$600/week

Unit days on market average

Rental price average houses

Rental price average units

54.7%

36.9%

Capital growth - houses

Capital growth - units

Source: yourinvestmentpropertymag.com.au Monthly data update for June 2021 as supplied by CoreLogic. Data is reported to the period ending March 2021. Please note that property sales data is routinely updated, so may change retrospectively.

Market wrap The Sydney property market found new strength in the midst of the pandemic. Low interest rates and increasing household wealth, together with a short supply of properties on the market and high buyer demand have all come together to produce the phenomenal sales prices we’re seeing today in our region. Although Sydney’s housing values were on the lower side toward the end of 2020, we’re now at a record high, with housing value soaring to 5.7% higher when compared to over 6 months ago.

With our focus on Sydney’s Northern Beaches, we’ve witnessed these strong results first-hand over the last few weeks, and we’re seeing no signs of this slowing any time soon. March 2021 saw a new monthly record for us at Upstate. With over 15,000 email enquiries, we sold a record of 73 properties and leased 50 properties.

How Upstate performed January to June 2021

276

294

$10,000,000

Residential sales

Residential leased

Highest sale price Northern Beaches

35

63

90,000+

Commercial sales

Commercial leased

Prospective buyers on our database

Auction clearance rates January to June 2021

88%

85%

91%

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 in 2021 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 to

is now live and ready to make you a

answer all of your questions and give you

property expert in seconds. From market

access to the information you need.

appraisals, suburb statistics, market trends,

You’ll find ‘Eora’ on our home page. Feel

peak selling periods, sales and growth

free to ask it anything you want. Now, you

charts to details of nearby properties –

can talk to us whenever you’re feeling up

you’ll have everything you need to make

for a chat! Keeping in mind, the bot has

informed decisions at your fingertips.

similar learning tendencies to us humans,

Real Estate moves fast. Our report makes

only much more efficient. At this stage it

you move faster. Go to upstate.com.au

is classified as a toddler, next month a

enter a property address and you’ll

teenager and the month after, a genius!

become a property expert in seconds.

SEE FOR YOURSELF HOW UPSTATE COMPARES

Number 1 Northern Beaches single office, with the biggest team and database.

NUMBER OF TRANSACTIONS 2020 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 this year, Upstate

interest stats, trends, campaigns, offers,

will be accepting Bitcoin as a payment

attendee numbers and more.

method for all of your property marketing

You can be sitting at a café or enjoying

and property fees. Just ask, and we’ll

the bustle of your day and message your

arrange it for you.

Lachlan Yeates Director in Charge

0414 660 033 lachlan@upstate.com.au

As one of the country’s leading agents, Real Estate is so much more than a profession - it’s his absolute passion and focus.

$810,000,000

1,200

$6,200,000

Total sales value

Total properties sold

Highest sale price

A PLEASURE TO WORK WITH

ABSOLUTELY DELIGHTED

From the very beginning of the selling

We were absolutely delighted with the

process Lachlan was always forthright

work Lachlan and his team put in to

and gave us great confidence that he

obtain the terrific result we achieved.

recognized the potential of our home

We have a new admiration for all

in the current market. He was always a

the work they carried out, keeping us

pleasure to work with, took a personal

updated and advising as the matter

interest and worked hard to achieve the

progressed. We cannot fault them. The

best outcome for us. We would have no

entire team were a delight to deal with.

hesitation recommending Lachlan and his

Vendor – Ocean Street, Narrabeen

team. We were delighted with the outcome.

Vendor – North Narrabeen

Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099