Wooloomooloo Narrabeen | Elanora Heights Market Review . Joshua Perry | 0420 941 220 Daniel Hindmarsh | 0423 125 501 belleproperty.com/Dee Why
Welcome. Last year we had a very segmented market, which was caused by the 30-40% price increase in 2021. Unfortunately, whenever something increases in such a dramatic fashion, there will be an alignment back to normality. We found that entry level homes and apartments have dipped 15-25% in most instances, while properties with perfect flow and renovations were hit less with a drop of around 5-10%. The prestige market (8m+) seemed to have little impact and in some cases, there was a slight increase in property value. 2022 has come to an end, bringing a new and exciting year ahead. With an increase in building costs (circa 40%) and builder availability, we are noticing that a significant part of our buyer pool are those that have just been handed renovation or building bills. Based on this, people are leaning towards buying and selling vs renovating and building. It can be hard to predict what a new year may bring but were hoping for less rate increases and the market to level out rather than decrease. There's definitely more positivity in the air and we're looking forward to seeing what transpires in 2023.
Below you will see a snap shot of Narrabeen (top line statistics) and Elanora Heights (bottom line Statistics) to give you a better understanding of some of the key numbers that are tracked in the market. As you can see that the median house price in both suburbs has come down in the last 12 months, however we are still very much above the normal average growth over the past 10 years. Properties Sold in Elanora Heights Median House Price Average Days on Market Median House Price 48 $2.54M Average Days on Market 43 Properties Sold in Narrabeen 131 $3.0M 32 Disclaimer: Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries. Source: Rpdata/Corelogic, Realestate.com.au, Domain.com.au Area Statistics.
Date Price $2,000,000 $1,190,000 $815,000 $1,500,000 $1,100,000 Not Disclosed $820,000 $1,600,000 $750,000 $800,000 $1,850,000 $1,400,000 $1,300,000 $1,700,000 $850,000 $1,050,000 $1,450,000 $752,000 $2,675,000 $990,000 $1,250,000 $2,327,500 $745,000 $680,000 $725,000 $1,175,000 $1,980,000 $2,360,000 $1,800,000 $745,000 Type A A A A A A A A A A A A A A A A A A H A A A A A A A A H A A a b v 2 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 2 1 2 2 3 1 1 1 1 1 2 3 1 1 2 2 2 2 2 2 2 1 2 2 2 2 2 2 2 2 3 1 4 2 3 3 1 1 1 2 3 3 3 1 2 2 1 2 1 1 1 2 1 1 2 1 1 1 1 1 2 1 3 1 2 2 1 1 1 1 2 3 2 1 Information from RPData H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land Size 99 m2 - 67 m2 190 m 104 m2 124 m2 - 102 m2 - 77 m2 - - 81 m2 78 m2 53 m2 - 109 m2 45 m2 335 m2 104 m2 127 m2 121 m2 - 63 m2 79 m2 82 m2 - 152 m2 - 34 m2 6/123 Lagoon Street 69/1337 Pittawater Road 6/33 Park Street 10/3 Robertson Street 7/1283 Pittwater Road 18/18 Mactier Street 9/30 Goodwin Street 25/11 Ocean Street 28/1262 Pittwater Road 4/18 Clarke Street 7/169 Ocean Street 19/18 Mactier Street 6/66 Park Street 6/81 Ocean Street 9/15 Clarke Street 17/27-31 Goodwin Street 8/18 Goodwin Street 2/13 Lagoon Street 138 Lagoon Street 22/1283 Pittwater Road 20/1262 Pittwater Road 2/1192 Pittwater Road 13/18 Wetherill Street 5/12 Mactier Street 27/27 Goodwin Street 9/109 Ocean Street 20/122 Ocean Street 66A Mactier Street 1/35 Lagoon Street 9/45 Lagoon Street Suburb Sales | Narrabeen. 02/12/2022 30/11/2022 30/11/2022 25/11/2022 24/11/2022 17/11/2022 15/11/2022 11/11/2022 09/11/2022 31/10/2022 29/10/2022 28/10/2022 28/10/2022 25/10/2022 22/10/2022 14/10/2022 13/10/2022 12/10/2022 08/10/2022 07/10/2022 06/10/2022 05/10/2022 23/09/2022 20/09/2022 16/09/2022 15/09/2022 14/09/2022 14/09/2022 08/09/2022 06/09/2022 Address
Date Price $1,070,000 $1,230,000 $925,000 $785,000 $1,150,000 $1,130,000 $1,200,000 $925,000 $1,535,000 $1,410,000 $3,440,000 $1,305,000 $1,390,000 $907,500 $1,290,000 $2,680,000 $1,295,000 $775,000 $990,000 $1,205,000 $4,300,000 $990,000 $7,310,000 $840,000 $1,620,000 $1,343,000 $1,288,888 $1,100,000 $2,650,000 $1,101,000 Type A A A A A A A A A A H A A A A H A A A A A A H A A A A A A A a b v 1 1 1 1 1 2 2 0 2 2 2 1 2 1 1 2 2 1 1 1 2 1 3 1 2 2 2 2 2 2 2 3 2 2 2 2 2 0 2 2 4 2 2 2 2 5 2 1 2 2 3 2 6 1 3 2 2 2 3 2 1 1 1 1 1 1 1 1 2 2 2 1 2 1 2 2 2 1 1 1 3 1 4 2 2 1 1 1 2 1 Information from RPData H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land Land Size 111 m2 93 m2 79 m2 56 m2 90 m2 91m2 78 m2 - - 177 m2 468 m2 99 m2 101 m2 90 m2 96 m2 697 m2 68 m2 81 m2 72 m2 100 m2 148 m2 82 m2 1227 m2 73 m2 89 m2 128 m2 - 84 m2 143 m2 77 m2 6/3 Wetherill Street 4/16 Clarke Street 30/24 Goodwin Street 9/1204 Pittwater Road 8/29-33 Mactier Street 39/18 Waterloo Street 7/66 Park Street 22/10 Goodwin Street 9/39 Lagoon Street 34/1-7 Lagoon Street 10 Tourmaline Street 11/27 Clarke Street 13/1271 Pittwater Road 6/30 Goodwin Street 16/17 Wetherill Street 130 Fuller Street 1/1 Mactier Street 15/1 Mactier Street 18/1204 Pittwater Road 5/37A Park Street 308/44 Ocean Street 14/1351 Pittwater Road 1222 Pittwater Road 19/18 Waterloo Street 1/111 Lagoon Street 8/39 Lagoon Street 14/123 Lagoon Street 5/27 Goodwin Street 59/11 Ocean Street 205/1348 Pittwater Road Suburb Sales | Narrabeen. 05/09/2022 26/08/2022 26/08/2022 24/08/2022 12/08/2022 05/08/2022 28/07/2022 28/07/2022 28/07/2022 23/07/2022 23/07/2022 21/07/2022 20/07/2022 19/07/2022 16/07/2022 16/07/2022 15/07/2022 11/07/2022 11/07/2022 08/07/2022 07/07/2022 04/07/2022 30/06/2022 24/06/2022 23/06/2022 18/06/2022 16/06/2022 15/06/2022 13/06/2022 10/06/2022 Address
Date Price Not disclosed $2,335,000 $2,300,000 Not disclosed Not disclosed $1,991,000 Not disclosed $2,730,000 Not disclosed Not disclosed $2,205,000 $1,830,000 $2,375,000 Not disclosed Not disclosed $2,250,000 $2,900,000 $2,259,000 $1,900,000 $6,300,000 $2,200,000 $1,165,000 Not disclosed $1,350,000 $3,150,000 $2,220,000 $2,220,000 $1,200,000 $3,450,000 Type A H H H H H H H H H H H H H H H H H H H H A H A H H H A H a b v 1 2 2 3 2 2 2 2 3 2 3 2 2 - - 1 2 4 2 3 2 2 1 2 2 2 3 2 3 1 4 3 4 4 4 3 3 4 4 4 3 5 - - 3 4 6 3 5 4 2 4 3 4 5 4 2 4 1 2 1 2 1 4 2 1 2 2 2 2 2 - - 2 2 2 2 6 2 2 4 2 3 0 2 2 2 Information from RPData H - House | A - Apartment | S - Studio | Th - Town House | D - Duplex | L - Land Land Size - 892 m2 969 m2 854 m2 835 m2 1,176 m2 980 m2 1,056 m2 816 m2 847 m2 1,100 m2 839 m2 753 m2 1,133 m2 749 m2 1,369 m2 1,265 m2 976 m2 423 m2 20,051 m2 550 m2 80 m2 925 m2 79 m2 746 m2 885 m2 670 m2 166 m2 743 m2 6/38 St Andrews Gate 2 Foxall Street 17 Wesley Street 1 Canungra Place 43 Wesley Street 10 Canungra Place 8 Koorangi Avenue 3 Kywong Road 172 Woorarra Avenue 52 Iluka Avenue 142 Elanora Road 40 Wesley Street 17 Iluka Avenue 4 Kalang Road 199 Powderworks Road 30 Iluka Avenue 121 Woorarra Avenue 170 Powderworks Road 55A Elanora Road 19 Caladenia Close 186 Powderworks Road 8/153 Powderworks Road 13 Merridong Road 5/153 Powderworks Road 8 Wesley Street 9 Bungoona Avenue 90 Elanora Road 11/47 Elanora Road 31 Cooleena Road Suburb Sales | Elanora Heights. 18/11/2022 15/11/2022 11/11/2022 09/11/2022 08/11/2022 05/11/2022 25/10/2022 24/10/2022 21/10/2022 12/10/2022 29/09/2022 21/09/2022 15/09/2022 14/09/2022 07/09/2022 06/09/2022 06/09/2022 03/09/2022 02/09/2022 23/08/2022 08/08/2022 06/08/2022 26/07/2022 22/07/2022 22/07/2022 20/07/2022 01/07/2022 23/06/2022 08/06/2022 Address
“ ” “ ” Vendor Elanora Heights Vendor Narabeen We found Joshua Perry a very professional agent. Josh always came back to us with feedback from potential buyers as soon as they left to keep us updated. We could also call Josh at any time and he was more than happy to not only help us when selling but gave us advice when we were purchasing. We would thoroughly recommend Josh to any of our friends. Our experience with Daniel Hindmarsh and the team at Belle Property was excellent. The team was professional from day one, and the advice and support provided went about and beyond in what turned out to be a very difficult market to sell our property. I would highly recommend you choose Daniel and the team at Belle Property to look after your Sale. Testimonials.
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. Whether you are contemplating a move, wanting to invest, looking for renovation ideas or you simply wish to keep up to date on what is happening in the area, we welcome your call. We are here for the long term and want to be your advisor in all things property – when it suits YOU. Joshua Perry 0420 941 220 Daniel Hindmarsh 0423 125 501
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