Holmes ST Clair

1 Quarterly Market Update 2020 Lower North Shore holmesstclair.com | 8964 8880 Market Update 2024 Lower North Shore

Market Update 2024 2 Sean St. Clair Principal 8964 8880 | 0410 506 661 sean@holmesstclair.com Robert Holmes Director 8964 8880 | 0400 323 828 robert@holmesstclair.com Director Market update Spring time in Sydney is traditionally the strongest selling season on the real estate calendar, and this year we expect to see plenty of activity given the very strong sales results that have been flowing through. Standout sales for our agency throughout Winter have included the sale of a premium three bedroom apartment in Waverton selling well above expectations at $3,400,000, a well appointed three bedroom north facing apartment in Wollstonecraft selling for $2,050,000, a lovely two bedroom apartment with well appointed living areas flowing to a sundrenched north facing terrace at $2,700,000, as well as a townhouse style apartment right on Brennan Park Wollstonecraft with a very impressive auction day result of $2,625,000. We have also seen great momentum building in the sub $1,500,000 price range, with really encouraging results and signs of buyer demand. Some standout sales in this range included the sale of a lovely two bedroom ground floor garden courtyard apartment in Lamont Street Wollstonecraft, as well as impressive results in Neutral Bay for a block record two bedroom apartment selling ahead of the scheduled auction at $1,165,000. Positive buyer interest also came for a one bedroom apartment in Ernest Street Crows Nest achieving $720,000, with plenty of buying activity throughout the 4 week marketing campaign. Adding to the vibrant atmosphere in the area, Holmes St Clair is thrilled to be sponsoring the Crows Nest Fest for the sixth consecutive year. This popular community event, set to draw an estimated 50,000 attendees, will feature 200 stalls, bringing the Willoughby Road precinct to life. We're especially excited to be hosting the much-loved petting zoo once again, a highlight for families and animal lovers alike. This year's expanded footprint will also include the streets around the newly opened Crows Nest metro, offering even more fun-filled activities for all to enjoy. With interest rates on hold for the month of August, and now with the next RBA movement tipped to be a reduction to the cash rate, buyers and sellers will gain much needed confidence heading into the Spring selling season. Holmes St Clair is also very pleased to announce the next phase of growth for our agency, with the recent acquisition and merger of Altium Property Management into our business. This targeted portfolio further strengthens our services and reach across the Lower North Shore of Sydney. We warmly welcome all our new clients and team members into the business and will continue to provide leading real estate services well into the future. Contact Us As always, our team is available and very happy to provide advice with any selling, purchasing and rental requirements you may have. Feel welcome to reach out if we can be of assistance. Our offices are conveniently located at 38 Willoughby Road, Crows Nest. We look forward to hearing from you.

Market Update 2024 3 HOLMES | ST.CLAIR proudly sponsoring Crows Nest Fest 2024 Holmes St. Clair is excited to announce our continued support of the 2024 Crows Nest Fest on Sunday, October 20th. As proud sponsors for the 6th year running, we're looking forward to another fantastic event. Be sure to stop by our petting zoo for a fun-filled experience perfect for families and animal lovers. We can't wait to celebrate with our community at this much-loved event! • Petting zoo • Gourmet food alley • Licensed zone • Live music stages • Circus playground • Kids' zone

Market Update 2024 4 38/300C Burns Bay Rd, Lane Cove $910,000 Thinking of selling? Selection of our recent sales L M N 2 1 1 SOLD 3 2 1 13/25-27 Belmont Ave, Wollstonecraft 2,050,000 L M N SOLD 1/8-10 Shackel Ave, Brookvale $940,000 L M N 2 1 1 SOLD 2 1 1 24/66-70 Helen St, Lane Cove $903,000 L M N SOLD 6D/2 King St, Waverton Confidential L M N 2 2 2 SOLD 6/1A Hazelbank Rd, Wollstonecraft $2,250,000 L M N 3 1.5 2 SOLD 2/48 Ben Boyd Rd, Neutral Bay $1,165,000 L M N 2 1 1 SOLD 2 1 1 30/11-17 Selwyn St, Wollstonecraft $1,455,000 L M N SOLD

Market Update 2024 5 9B/22 King St, Waverton Confidential Thinking of selling? Selection of our recent sales L M N 3 2 2 SOLD 2 1 1 7/2 Lamont St, Wollstonecraft $1,140,000 L M N SOLD 2G/22 Ross St, Waverton $2,700,000 L M N 2 2 1 SOLD 3 2 2 4A/26 Ross St, Waverton $3,250,000 L M N SOLD 8/59 King St, Wollstonecraft $2,625,000 L M N 3 2 2 SOLD 8A/2 King St, Waverton $2,800,000 L M N 3 2 2 SOLD 4/97 Shirley Rd, Wollstonecraft $725,000 L M N 1 1 1 SOLD 1 1 1 5/140 Ernest St, Crows Nest $720,000 L M N SOLD

Market Update 2024 6 Property in focus 8/59 King Street, Wollstonecraft Auction day success was on full display with the sale of 8/59 King Street, Wollstonecraft, which achieved an impressive $2,625,000 - selling 16% above the guide price. Our structured four-week auction campaign generated strong interest, with over 85 groups attending and 13 contracts issued to prospective buyers. With four registered bidders competing on the day, the property's desirable features clearly resonated, leaving underbidders still eager to secure a home in this sought-after location. Sold at auction | $2,625,000 13 contracts issued to active buyers Purchased by owner occupier 26 days on the market Sold well above expectations 3 bed | 2 bath | 2 car SOLD

Market Update 2024 7 Our successful client reviews Testimonials "We recently leased our apartment through Holmes St.Clair, and couldn't be more impressed. From the start, Matt Brajlih and the team were exceptionally professional and prompt in their communication. They went above and beyond to ensure our property was rented out as quickly as possible. Their dedication and attention to detail made the entire process seamless and stress- free. I highly recommend them and wish I could give 10 stars! Thank you for your outstanding service!" Landlord of 24/5 Hume Street, Wollstonecraft "We asked Robert Holmes to sell our property because we've seen the excellent results he's achieved in the past. As always, his patience (!), professionalism and good old fashioned trustworthiness worked their magic. He and Emma ensured our home was presented in its best light and their gentle, good-humoured encouragement helped us keep it that way. We very much appreciated Robert's prompt feedback after each inspection and his weekly reports. We are grateful to the team for guiding us through this emotionally charged process of selling our much-loved home." Vendors of 8/59 King Street, Wollstonecraft

Market Update 2024 8 505/8 Taylors Ln, Lane Cove $870 per week Outstanding results for our clients Recently leased properties L M N 2 2 2 LEASED 4 3 2 21 Bruce St, Rozelle $2,200 per week L M N LEASED 4C/2 Gas Works Rd, Wollstonecraft $1,350 per week L M N 2 2 2 LEASED 1 1 1 6A Carter St, Cammeray $730 per week L M N LEASED 501/2 Burley St, Lane Cove $880 per week L M N 2 1 2 LEASED 306/34 Oxley St, St Leonards $890 per week L M N 2 2 1 LEASED 2/30 Elamang Ave, Kirribilli $730 per week L M 2 1 LEASED 3 2 1 24/5 Hume St, Wollstonecraft $980 per week L M N LEASED

Market Update 2024 9 8H/22 Ross St, Waverton $2,500 per week Outstanding results for our clients Recently leased properties L M N 3 2 2 LEASED 2 1 1 1/4 Gillies St, Wollstonecraft $800 per week L M N LEASED 601/8 Taylors Ln, Lane Cove $880 per week L M N 2 2 2 LEASED 2 2 2 9B/8 Gas Works Rd, Wollstonecraft $1,250 per week L M N LEASED 6/76 Milray Ave, Wollstonecraft $1,100 per week L M N 2 2 1 LEASED 20/116 Shirley Rd, Wollstonecraft $835 per week L M N 2 1 1 LEASED 45C Carr St, Wollstonecraft $1,100 per week L M N 3 2 2 LEASED 1 1 1 9/28 Moodie St, Cammeray $595 per week L M N LEASED

Market Update 2024 10 With the coldest months now behind us, we are entering one of the most active periods of the year for the rental market. As the weather warms up, there's a noticeable uptick in rental market activity. Sydney sees an influx of individuals moving for employment opportunities and lifestyle improvements, which gradually increases the demand for rental housing. This period also marks the arrival of international students preparing for the new academic year, particularly in late September and October, making the student rental market increasingly competitive. With the growth of our Property Management portfolio, we are delighted to welcome Oona Chen, Jo Sheffield, and Ashleigh Scrivener to our team. As always, please reach out to our Property Management team for your rental needs. This past Winter was busier than ever for our Property Management team, with activity levels that defied traditional seasonal trends. Typically, tenants hold tight during the colder months, preferring the stability of their current homes. However, this year saw a significant shift, with tenants moving around much more than usual. As a result, throughout Winter we had more available properties than normal. The increased movement among tenants was matched by a rise in investor purchasers, leading to more available properties for rent. This influx of rental options provided some much-needed relief for tenants, as rent rises have slowed, and vacancy rates have slightly increased for the first time in a while. Property management update A note to our valued property investors

Market Update 2024 11 Your Market Results (1 May - 27 August) Lower North Shore Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate Crows Nest $53,328,000 $3,656,000 $3,625,000 30 75% Greenwich Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $91,662,000 $7,860,000 $2,750,000 35 85% North Sydney Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $86,009,512 $4,100,000 $5,900,000 65 79% St Leonards Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $96,228,349 $2,383,065 $3,270,000 73 50% Waverton Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $26,244,000 Undisclosed $3,245,000 14 72% Wollstonecraft Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $74,984,000 $6,600,000 $2,625,000 45 86%

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