YOUR LOCAL PROPERTY REPORT SPRING 2023 Courtesy of Asset Realty
WELCOME TO YOUR MARKET UPDATE We’re into the Spring property selling season and it’s unlikely that many would have believed the resilience of our property markets at the beginning of the year. Property prices have kept rising despite 12 interest rate rises, high inflation and reduced borrowing capacity. Sydney prices are up 7.8% year to date, and are 2.1% higher than they were 12 months ago. We’ve now clearly passed the bottom of the market downturn, following 8 month-onmonth increases in median property prices. And now that it’s unlikely we will have further interest rate hikes buyer and seller confidence will only increase. Auction clearance trends tend to be a great “in time” indicator of market sentiment, and currently we’re averaging 10% higher than the same period last year. Moving forward, over the Spring selling season our market will be influenced by the volume of housing stock available for sale. After all, some of the city’s suburbs are so tightly held that an available property for sale comes around once in a blue moon with homeowners holding onto their houses for as long as 20 years. East Killara and East Lindfield are still in particularly strong demand as homebuyers wait to secure their dream property. If you’re like most residents, your family home is your biggest and yet you possibly don’t know how much this asset is actually worth. Call me today, I’d be delighted to provide you with an obligationfree market appraisal. Yours faithfully, Anna Chow, J.P, LREA Sales Director 0416 238 288 anna.chow@assetrealty.com.au
No.1 Agent for 9 consecutive years in same suburb With her high net-worth client base of buyers, Anna’s commitment to matching people to properties signifies her detailed approach to achieving only the best results in a transparent transaction for both buyer and seller. She has a natural affinity for property with her humble demeanor and iron fisted negotiations coupled together with her world class experience. Anna’s honest approach to appraisals and accountability to obtain the highest price and suburb record price every year, regardless of days on market to achieve it, makes Anna the Number 1 Agent for 9 consecutive years in the same suburb. No other agent can achieve this recognition. Recent reviews ANNA CHOW Go straight to Anna Chow “I researched and spoke with several agents. Save yourself the time and go straight to Anna. She gets the $$$ results for her vendors. We trusted Anna’s expertise and advice every step of the way and it paid off. She has a collaborative, patient and wise approach to marketing a home. Her attention to detail and responsiveness makes one think that their home is the only home Anna is selling. She has a time proven method in helping one achieve the market value in their home.” Vendor - 5 Warrington Avenue, East Killara Excellent No. 1 Vendor’s Agent “Anna is a very professional, enthusiastic, diligent, efficient, helpful and reliable real estate agent. Her strategy and negotiation skills are excellent. No other agent can compete with her. Despite my property needing work to update, she achieved a price that exceeded my expectation, and was a street record. I chose Anna because of her performance and track record in the area for many years, especially the recent outstanding suburb record ($8.68M) for land value on a sloped site. I highly recommend her.” Vendor - 131 Springdale Road, East Killara
TOP SALES by Anna Chow July - September 2023 STREET RECORD SOLD AT TOP PRICE PRIOR TO AUCTION STREET RECORD SINCE 2010 STREET RECORD 2023 5 Warrington Avenue, East Killara 131 Springdale Road, East Killara 65 Barrie Street, East Killara 15 Grandview Street, Pymble SOLD $3,500,000 SOLD $5,500,000 SOLD $3,650,000 SOLD $3,088,000
795 Pacific Highway, Gordon NSW 2072 02 9498 7799 assetrealty.com.au LAND VALUE STREET RECORD STREET RECORD COMPLEX RECORD 11 Larchmont Avenue, East Killara 4/1-3 Llewllyn Street Lindfield 67 Moree Street Gordon 58-60 Athena Avenue St Ives SOLD $6,100,000 SOLD $1,700,000 SOLD $5,100,000 SOLD $4,600,000
If you’re thinking about making a move but aren’t up to date with current local conditions or are curious about the market value of your property, then put us to work! Request a Market Review and we’ll provide you with an area profile, recent sales and listing activity, plus a guide for what your home is worth. Best of all, it’s free! Ask for a Market Appraisal and we’ll use real-time market data to analyse similar property sale prices in your area, as well as our own experience to assess the market appeal of your property. There’s no obligation to list if you decide that maybe the time is not quite right. It’s as simple as scanning the QR code below Or get in touch with Anna Chow today Call or SMS: 0416 238 288 Email: anna.chow@assetrealty.com.au A MARKET REVIEW AND APPRAISAL OFFER
Source: CoreLogic RP Data 1 January 2023 - 30 September 2023 FAST FACTS House sold 30 House sold 39 East Killara Compared to five years ago, the median sales price for houses in East Killara has increased 32.2% which equates to a compound annual growth rate of 5.74%. East Lindfield Compared to five years ago, the median sales price for houses in East Lindfield has increased 22% which equates to a compound annual growth rate of 4.06%. Highest sale price $8,680,000 Lowest sale price $2,400,000 Median sale price $3,550,000 Highest sale price $6,700,000 Lowest sale price $2,295,000 Median sale price $3,050,000 Top 8 Settled Sales in East Killara since January 2023 Address Sale Price Sold By 15 Larchmont Avenue, East Killara $8,680,000 ANNA CHOW 64 Wentworth Avenue, East Killara $6,300,000 Other Agent 11 Larchmont Avenue, East Killara $6,100,000 ANNA CHOW 12 Savoy Avenue, East Killara $5,850,000 Other Agent 17 Larchmont Avenue, East Killara $5,780,000 ANNA CHOW 131 Springdale Road, East Killara $5,500,000 ANNA CHOW 105 Koola Avenue, East Killara $4,700,000 ANNA CHOW 10 Saiala Road, East Killara $4,450,000 ANNA CHOW Address Sale Price 122 Middle Harbour Road $6,700,000 108 Chelmsford Avenue $6,670,000 5 Adelaide Avenue $6,415,000 6 Brisbane Avenue $5,600,000 Address Sale Price 58 Wellington Road $5,400,000 4 Woodlands Road $4,928,000 1a Ormonde Road $4,880,000 111 Tryon Road $4,380,000 Top 8 Sales in East Lindfield since January 2023
The best real estate agent in our area is often overlooked as our guesstimates come from letterbox dropping, five star reviews (everyone has these) and those who door knock/call the most consistently. What we should do is test the agent’s skill set in order to determine whether they have product knowledge to actually communicate the attributes of your property to extract as much value during any given market. Some agents promote days on market as their biggest selling point but neglect to mention if they actually added value to the price in comparison to the market. This is where Anna comes in. With over 25 years experience in East Killara, Anna works hard combining her property knowledge and experience to get a deal done. Anna does not believe in promoting her days on market as a sole point of difference. She focuses on getting the right buyer for the property she is employed to sell, creating a profitable and stressless environment for her clients. We understand that each vendor’s motivation may be different when embarking on a campaign. Some have to sell fast to meet their financial obligations and some will want a certain price in order to realise their dream property or disposition. Anna caters to both without compromise, working as hard as possible to achieve her client’s goal. Selling your home with Anna Chow is the best defense against underselling your property, that is why the most experienced residents chose her to sell their . Start creating your home into an by booking a market appraisal with Anna Chow. It’s complimentary, value add and will give you an insight into market demands. Connect with Anna and her team to list your property for sale today. YOUR LOCAL AREA EXPERT Anna Chow Sales Director J.P, LREA anna@assetrealty.com.au 0416 238 288 795 Pacific Highway, Gordon NSW 2072 02 9498 7799 | assetrealty.com.au
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