Wooloomooloo Market Report | Q1 & Q2, 2024 The Harbourside; Waverton & Wollstonecraft. Christian Percuoco 0433 588 871 christian.percuoco@belleproperty.com belleproperty.com
100% Auction Clearance Rate '24 21 Average Days On Market $2.14m Average Sale Price 9Years Experience 45 Sold in FY 2024 $111.6m Value of Listings '24 Christian Percuoco Real Estate Agent The year began under the lingering influence of interest rate rises & evergrowing concerns of rising inflation, shaping economic & social dynamics with cautious adaptation to our new postCOVID world. Rising interest rates introduced uncertainty, affecting buyer behaviours & stock levels. Media coverage exacerbated these uncertainties, contributing to fluctuating activity & careful decision-making among investors & homeowners. Despite these challenges, the Lower North Shore is demonstrating resilience, driven by the enduring appeal of the Harbourfront Region & it's prestigious properties. Also, a reflection of the demographics living within the area. In 2024, the demand for exceptional properties in Waverton & Wollstonecraft will remain robust, reflecting continued confidence in their long-term investment potential. This ongoing attractiveness underscores the area's solid footing in the real estate market, appealing to those seeking quality living & sound investment opportunities amidst a dynamic economic landscape. Quarters 1 & 2 of 2024 brought significant developments to the real estate landscapes of Waverton & Wollstonecraft, reflecting both anticipated trends and unexpected resilience amidst ongoing post-pandemic adjustments. January - June 2024 | In Review. Welcome. Christian Percuoco 0433 588 871 christian.percuoco@belleproperty.com
By Henry Lawson When Henry Lawson wrote his poem 'The Sacrifice of Balls Head' in 1916, Sydney was deeply affected by the Great War. The year in which catastrophic Australian casualties were suffered on the Somme, leaving a legacy of loss; changing the City and the Nation. It was the year Anzac Day was officially named. 1916 gave rise to the infamous 6 o'clock closing law - when a group of soldiers went on a drunken rampage, finally ending when they reached Central Station and one was shot dead. It became known as the Battle of Central Station. It was the age of rail. The Harbour Bridge would not open for another 16 years, so steam powered vessels still formed the backbone of transport and commerce around the Harbour. Thus, Coal was king. Did you Know?.... The Sacrifice of Balls Head | 1916 ~ Poem ~ " ‘They’re taking it, the shipping push, As all the rest must go - The only spot left of cliff and bush That harbour people know. The spirit of the past is dead, North Sydney has no soul - The State is cutting down Balls Head to make a wharf for coal... And strings of grimy trucks shall run In everlasting trains And on the cliff where wild trees are Shall stand the soulless cranes To dump their grimy loads below, Where the great brown rocks are grand; And the deep grass and wild flowers grow - and boating couples land. No more shall poorer families Give “Grandma” and “Grandad” A glimpse of nature’s mysteries To make their old hearts glad. No more our eyes shall be relieved In the city’s garish day - A sordid crime has been achieved! And none has aught to say. "
Apartments Sold 23 Houses Sold 4 Waverton Sold January - July 2024 Waverton Apartments Apartment Price Growth Compared to June 2023 18.6% Median Apartment Price (June 2024) $1.447m Apartments Sold Apartment Price Growth Compared to June 2023 House Price Growth Compared to June 2023 98 9.5% 35.3% Sales Statistics | Jan - June 2024. Median Apartment Price (June 2024) Houses Sold Median House Price (June 2024) 13 $1.288m $4.045m Wollstonecraft Houses *Corelogic, June 2024 Wollstonecraft Sold January - July 2024 Wollstoneraft Apartments Waverton Houses $3.623m Median House Price (June 2024) 13.6% House Price Growth Compared to June 2023
FY 23-24 Most Notable Sales... Stand Out Sales. 13/20-26 Hume Street Wollstonecraft Sold | 07 June 2024 1 a 1 b 1 v $930,000 SOLD $1,580,000 6/2 Rocklands Road, Wollstonecraft Sold | 02 March 2024 2 a 1 b 2 v SOLD $2,545,000 4 a 2 b 2 v 4/1B Hazelbank Road, Wollstonecraft Sold | 30 January 2024 SOLD 9 Milner Crescent, Wollstonecraft Sold | 06 June 2024 $6,600,000 4 a 2 b 2 v SOLD $2,400,000 2 a 1 b 79 Bay Road, Waverton Sold | 04 April 2024 SOLD $4,155,000 22 Tunks Street, Waverton Sold | 14 March 2024 4 a 3 b 2 v SOLD $4,500,000 5 a 2 b 2 v 30 Shirley Road, Wollstonecraft Sold | 24 May 2024 SOLD 29 Milner Crescent, Wollstonecraft Sold | 16 February 2024 $4,510,000 4 a 3 b 2 v SOLD 5 a 2 b 3 v 9 Shirley Road, Wollstonecraft Sold | 28 February 2024 $6,600,000 SOLD
$1,294 Av/pwk - Waverton (H) $906 Av/pwk - W/craft (A) $840 Av/pwk - Waverton (A) $1,333 Av/pwk - W/craft (H) Martha Willder | 0422 378 865 New Business Manager In Waverton, unit rents have risen by 3.9% to $840pwk, while house rents have dropped by 17.3% to $1,294pwk. Wollstonecraft has seen unit rents increase by 7.9% to $906pwk and house rents rise by 17.3% to $1,333pwk. Both suburbs show strong demand, with Wollstonecraft leasing 418 units and 21 houses in the past year, and Waverton leasing 129 units and 7 houses. Prospective tenants and landlords should navigate optimistically given these trends. The rental market in Waverton and Wollstonecraft has shown significant trends of a tight and competitive market over the past year, reflecting changes in demand and pricing dynamics. With Martha Willder. Rental Update. *Data based on Statistics from June 2023 - June 2024 | *SSQM Research (Rental Prices displayed are Suburb Median Prices)
Euro 2024 | A Fan's Perspective. It's 4am, and I have just witnessed a fellow Italian football supporter throw their Margherita pizza at the TV screen (we are emotional people). This is just after a very embarrassing Italian performance against the Swiss national team in Euro 2024. Thus, the reigning Euro Champions bow out of the tournament in the Round of 16. It’s been an interesting tournament thus far, with several of the lesser European teams causing some considerable upsets. As a matter of fact, the ‘own goal’ is the outright top goal scorer so far at Euro 2024, with seven own goals solely in the group stages. It seems even the most popular and competitive sport in the world is not as predictable as it should be in theory. As a result, I have booked my ticket to Europe for Christmas. I hope to meet with the Italian Football Federation to give some advice on how to improve their next performance in the World Cup and perhaps offer some tips on how best to invest in the Sydney property market. Life Update.
Reach out for a confidential appraisal Christian Percuoco 0433 588 871 christian.percuoco@belleproperty.com Belle Property Crows Nest Information about this report: We Belle Property 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. belleproperty.com Contact.
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