Wooloomooloo McMahons P int Market Update. Mark Jackson | 0424 607 145 Dolan Reskov | 0416 457 011 belleproperty.com/NeutralBay
$8.1m Highest House Sale 2022 45 Total Apt Sales 2022 $8.3m Highest Apt Sale 2022 18 Total House Sales 2022 Mark Jackson & Dolan Reskov McMahons Point Specialists However the sharp increase in interest rates and general unpredictability have caused a correction in prices from their peak in 2021. Sales activity in the area has also decreased around 20%-30% across all price points and kept turnover of property at a minimum. And while prices have since cooled from their peak across the city, McMahons Point’s property market continues to fetch impressive prices, particularly for the reason that it’s one of Sydney’s most sought after areas. After all, McMahons Point is an area which is always in demand and is considered a premium address with all demographics including families, downsizers, professional couples and investors, all drawn to the cosmopolitan lifestyle, village atmosphere and of course its proximity to Sydney Harbour and CBD. Although for conditions to heat up again, many buyers will want to see rates leveling off, creating a very competitive and challenging market leading into 2023. Buyers are more cautious and clearly hungry to secure A grade, quality properties, with the B grade properties taking longer to sell. This means that buyer management has never been more crucial and when choosing a sales agent, it is important to select an agency with a great reputation and broad reach who will instil confidence in a purchaser’s decision. Buyers will be back with a vengeance once they see interest rates eventually stabilise and presenting your home in its best possible way will be more important than ever. This is where we can be of assistance with advice and knowledge on how to achieve the most from your property and we welcome your call for a confidential discussion. 2022 has seen the property market experience a flat patch, but property is a long term hold and the foundations are strong. The McMahons Point property market has been one of the strongest and most consistent performers over recent years, with property prices reaching record highs during the peak of Covid-19, with McMahons Point being one of the leaders in the market. McMahons Point Property Report 2022 Welcome. Mark Jackson | 0424 607 145 Dolan Reskov | 0416 457 011
$3,860,000 $1,900,000 $1,590,000 $1,700,000 $1,010,000 $1,060,000 Undisclosed $6,075,000 $960,000 $3,600,000 $917,000 $1,135,000 $945,000 $880,000 $970,000 $8,300,000 $6,350,000 $2,095,000 $1,520,000 $850,000 $850,000 $950,000 $800,040 $850,000 $1,820,000 $920,000 $1,720,000 Undisclosed $2,278,000 $782,500 Address Date Price Type a b v H - House | A - Apartment | S - Studio H A A A A A H H A H S S A A A A A H A A A S A A A A A A A A 4 2 2 2 1 1 4 5 1 4 0 0 1 1 1 4 3 3 2 1 1 0 2 1 2 1 1 1 2 1 3 1 1 1 1 1 2 2 1 2 1 1 1 1 1 3 2 2 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 1 1 1 1 5 0 0 1 1 1 1 1 3 3 1 0 0 0 1 1 1 1 1 1 0 1 0 Suburb Sales. 5 Bank Lane 26/14-28 Blues Point Road 6/82 Blues Point Road 31/90 Blues Point Road 38/90 Blues Point Road 64/90 Blues Point Road 100 Blues Point Road 115 Blues Point Road 4/120 Blues Point Road 16 Chuter Street 12/2-4 East Crescent Street 31/2-4 East Crescent Street 76/2-4 East Crescent Street 88/2-4 East Crescent Street 96/2-4 East Crescent Street 201/3 East Crescent Street 301/3 East Crescent Street 10/8-10 East Crescent Street 3/12 East Crescent Street 1/15 East Crescent Street 5/15 East Crescent Street 44/17 East Crescent Street 4/21 East Crescent Street 33/21 East Crescent Street 72/21 East Crescent Street 73/21 East Crescent Street 91/21 East Crescent Street 9/26 East Crescent Street 3/28 East Crescent Street 9/29 East Crescent Street May Oct May Apr Mar Apr Sep Jan Oct Oct Jun Jun May Jun Apr May Feb Jun May Jun Mar Jun Mar Jun Mar Apr May Sep Mar Apr Source: RP Data
$830,000 $1,390,000 $550,000 $2,300,000 $3,760,000 $3,400,000 $1,675,000 $2,050,000 $4,460,000 Undisclosed Undisclosed $2,760,000 $4,150,000 $937,500 $3,550,000 $3,750,000 $1,300,000 $3,900,000 $3,400,000 $3,380,000 $4,170,000 $2,200,000 $3,700,000 Address Date Price Type a b v H - House | A - Apartment | S - Studio A A A A H A A A H H H H H H A A A H S H H H A 1 2 0 2 3 4 2 2 3 4 3 2 3 5 3 3 2 4 0 2 2 2 3 1 1 0 1 2 2 1 1 2 3 2 1 2 2 3 3 1 2 0 1 2 2 2 0 0 1 1 0 3 1 1 1 2 0 0 1 1 2 2 0 2 0 0 1 0 2 Suburb Sales. 22/29 East Crescent Street 8/36 East Crescent Street 30/2A Henry Lawson Avenue 43/2A Henry Lawson Avenue 3 King George Street 7/33 Mitchell Street 11/8 Munro Street 17/8 Munro Street 1 Queens Avenue 2 Queens Avenue 11 Queens Avenue 15 Thomas Street 17 Thomas Street 10 Union Street 11/34-40 Union Street 13/34-40 Union Street 5/45 Union Street 49 Union Street 85 Union Street 28 Victoria Street 4 Webb Street 11 Webb Street 14/18-22 West Crescent Street Mar Aug Sep Feb Feb Jun Jul Mar Apr May Sep Aug Jul Oct May Oct Jan Jun Jul Feb Feb May Mar Source: RP Data
“ ” “ ” “ ” - Lyn & Grant, Vendors From our initial contact through to the successful sale we were most impressed by Dolan's courteous polite manner, professionalism, attention to detail, knowledge of the area and constant detailed feedback of any developments with potential buyers. Dolan has a great sense of the market and seeks only to provide achievable appraisals. His preparation, communication, regular feedbacks, resourcefulness and in particular being always approachable, allayed our fear and assisted us with decision making. Mark and his team were very responsive, had great communication skills, and stress-free selling process leading to a very good outcome and sale before the auction date. Highly recommend Mark and his Belle team. A word from our clients We are a local boutique agency with a reputation befitting the local Suburb’s prestigious appeal. Our clients trust our exceptional strategic marketing, genuine client services and superior sales skills to secure premium outcomes every time. - Eddie, Vendor Testimonials. - Jonathon, Vendor 43/2A Henry Lawson Avenue, McMahons Point $2,300,000 SOLD 4 Chuter Street, McMahons Point $3,418,000 SOLD Undisclosed 2 Queens Avenue, McMahons Point 4 a 3 b 2 e SOLD
belleproperty.com Information about this report: We (the agent/cy) have endeavoured to show all sales reported by all agents and individuals as listed on publicly available sources for the mentioned period. We believe this information to be accurate, whilst all care has been taken, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of this document. Individuals are directed to rely on their own enquiries. Please disregard this publication if your property is exclusively listed with another agent. Properties displayed are only those which have been publicly listed and sold by multiple agents/cies in the area. We advised you seek independent advice on your area statistics if you are thinking of buying or selling. Contact. Mark Jackson | 0424 607 145 mark.jackson@belleproperty.com Dolan Reskov | 0416 457 011 dolan.reskov@belleproperty.com Belle Property Neutral Bay 9036 1000 Belle Property Mosman 9036 1088 Belle Property Crows Nest 9036 1050 Belle Property Cammeray 9036 1090
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