Quarterly Market ReportApartments and Townhouses | Neutral Bay

Quarter 4 - 2015

Your LocalNeutral BayThe last quarter of the year turned out to be very strong in the area with a continued growth of 10%. Three bedroom properties were a standout for the quarter, showing 5% growth. Two bedroom apartments stayed very steady with a 0.5% growth in prices since last quarter, and one bedrooms saw a 10% decline. As is often the case, fewer properties were sold in the last quarter, 10 less in fact than the previous quarter. The Lower North Shore still had substantial growth of 11% compared to the overall decrease of 0.3% in the greater Sydney for apartments, which is a great indication for the New Year that the Lower North Shore continues to perform.

In the fourth quarter (October to December), there were a total of 67 apartments/townhouses sold in Neutral Bay, with an average selling price of $1,062,267. When you compare this to the third quarter of 2015, which was $953,707, this indicates a marked increase of $108,560.

Throughout the last quarter and even now, there has been extensive reporting from the media regarding a fall in prices and a decrease in auction clearance rates across Sydney. The Lower North Shore did not encounter this and in fact had a very strong quarter leading into the New Year. There is no reason to believe that this trend is going to change as our office continues to experience consistently good clearance rates and strong buyer demand. Now is a great time to sell and we would love to have a discussion with you regarding your next move.

Average Price No. Sold Difference from Q3, 2015

1 bed $620,288 16 -$67,857

2 bed $1,009,416 30 +$5,096

3 bed $1,492,080 21 +$69,830

NEUTRAL BAY STATISTICS

Neutral Bay North Sydney LGA

$1,050,000

$960,000

$510,000

$600,000

$690,000

$420,000

$780,000

$870,000

$240,000

$330,000

$150,000

Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS

Your LocalNeutral Bay

OUR RECENT SALES

46/19A Young Street

4/6 Westleigh Street

12/3 Yeo Street

5/1 Nook Avenue

1/40 Ben Boyd Road

Street Address Beds Baths Cars Price

28/22 Bent Street 1 1 0 $542,000

25/88 Bent Street 1 1 1 $708,888

9/18 Byrnes Avenue 1 1 1 $520,000

16/6 Hardie Street 1 1 1 $625,000

1/174A Kurraba Road 1 1 1 $675,000

49/199-207 Military Road 1 1 1 $672,000

1/7 Premier Street 1 1 0 $575,000

2/15 Shellcove Road 1 1 1 $635,000

1/7 Bennett Street 2 1 1 $915,000

11/7 Highview Avenue 2 1 1 $1,150,000

3/4 Hayes Street 2 2 0 $1,620,000

1/88 Kurraba Road 2 1 1 $888,000

2/133 Kurraba Road 2 1 0 $1,060,000

2/10 Lindsay Street 2 1 1 $870,000

9/29 Rawson Street 2 2 1 $1,290,000

9/9 Raymond Road 2 1 1 $935,000

5/1 Spains Wharf Road 2 2 1 $1,910,000

12/3 Yeo Street 2 1 1 $810,000

304/29 Yeo Street 2 1 1 $980,000

46/19A Young Street 2 2 2 $1,175,000

10/373 Alfred Street North 3 2 1 $1,144,800

12/22 Bent Street 3 2 2 $1,460,000

502/19 Grosvenor Street 3 2 2 $2,560,000

1/1 Kurraba Road 3 1 0 $1,380,000

2/14 Kurraba Road 3 2 2 $1,405,000

2/9 Penshurst Avenue 3 2 2 $2,100,000

5/9 Thrupp Street 3 1 1 $1,055,000

Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales.

Having identified a genuine lack of real estate expertise purely servicing the apartment and townhouse market on the Lower North Shore, LJ Hooker Mosman proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Rutledge and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a family home.

WHY CHOOSE US?“Daniel Campbell and the team at Urban Living by LJH sold my apartment in Neutral Bay in November 2015. Daniel was the ultimate professional throughout the entire process, and not only is he very organised and efficient but most importantly he keeps in constant contact with you and updates you on all viewings, and any progress made. Daniel achieved a sale price of more than what I expected and hoped for in a very short timeframe. I wouldn’t hesitate to recommend Daniel and Urban Living by LJH to anyone planning on selling their property.” - Catherine Linton

“I have dealt with LJ Hooker Mosman three times now over the past decade and have been nothing but very happy every time. Clare took the time to get to know me and what I needed. She understood the requirements and drivers of the sale and went on to sell my apartment in record time for a record price, not only for my place but the whole block! I found my interactions with Clare to be positive and personable and would not hesitate to recommend her in the future.” – Nicole Ganz

CONTACT YOUR URBAN LIVING SPECIALISTS

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

Clare RutledgeD 8969 4149M 0422 004 825E crutledge@ljhooker.com

Daniel CampbellD 8969 4121M 0432 736 745E dcampbell@ljhooker.com

Jason PasslowD 8969 4162M 0402 182 632E jpasslow@ljhooker.com

Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.