1 Quarterly Market Update 2020 Lower North Shore holmesstclair.com | 8964 8880 Market Update 2026 Lower North Shore
Market Update 2026 2 Market update Sean St.Clair Director & Sales Agent 8964 8880 | 0410 506 661 sean@holmesstclair.com Robert Holmes Director & Sales Agent 8964 8880 | 0400 323 828 robert@holmesstclair.com As we move through the middle of the year, many vendors naturally look ahead to the spring selling season. While this can be an appealing time to launch, it also brings increased competition, whereas the winter months often present a more strategic opportunity, with motivated buyers active and less stock available. First home buyers continue to play an important role in the market, with Sydney's rental market encouraging many towards ownership, while we are still seeing strong engagement from investors exploring their options. With policy changes, housing supply and affordability remaining key discussion points following the Federal Budget, well-positioned properties across the Lower North Shore continue to attract strong interest, particularly where presentation, pricing and strategy are well aligned. Buyer demand across the Lower North Shore remains consistent, with strategic timing and presentation continuing to play an important role in results. If you are considering a move, our team would be pleased to assist you. The year began with strong momentum, with an early wave of listings setting a confident tone for the months that followed. This translated into some outstanding results for our team, including a building record sale for a four-bedroom penthouse apartment in Waverton, alongside an incredible $7 million+ auction result achieved by Team Bell in Milsons Point. Despite ongoing negative media coverage, buyer engagement across our local marketplace has remained steady. We have continued to see genuine depth in the buyer pool, with strong competition translating into premium outcomes across a range of property types. Looking at statistics across the Lower North Shore, days on market have increased slightly compared to previous years. However, the broader market continues to follow familiar seasonal patterns. The Federal Budget has also generated considerable discussion around housing policy, particularly proposed changes to negative gearing, capital gains tax concessions and housing supply initiatives, prompting renewed conversations among buyers, investors and vendors alike. 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 Rd, Crows Nest and Shop 1B, 48-50 Alfred St, Milsons Point. We look forward to hearing from you.
Market Update 2026 3 Our successful client reviews Testimonials "We want to sincerely thank Sean and his team for the wonderful experience we had in purchasing our apartment in North Sydney. From the very first inspection through to the pre-settlement inspection and finally settlement day, everything went smoothly and in a highly professional manner. Emma's guidance and support throughout the process made it stress- free and we truly appreciate the effort and care she took into ensuring everything was handled seamlessly." Buyer of 504/88 Berry St, North Sydney "Chris and the team were fantastic. From the outset we were well supported to make the right decisions to ensure our property sold well. Chris was extremely professional and I had total confidence in the process which was a great feeling. Chris knew the building well and helped us achieve a great result." Vendor of 77/48 Alfred St, Milsons Point
Market Update 2026 4 8A/26 Ross St, Waverton $4,020,000 Thinking of selling? Selection of our recent sales L M N 4 2 2 SOLD 2 1 1 6/47A Shirley Rd, Wollstonecraft $1,125,000 L M N SOLD 1401/88 Alfred St, Milsons Point Sold Off-Market L M N 3 2 2 SOLD 2 2 2 4D/2 Gas Works Rd, Wollstonecraft $2,300,000 L M N SOLD 53/90 Blues Point Rd, McMahons Point $1,200,000 L M N 1 1 1 SOLD 414/150 Pacific Hwy, North Sydney $700,000 L M 1 1 SOLD 2/267 Ben Boyd Rd, Cremorne $1,640,000 L M N 2 1 1 SOLD S 1 3/2A Belmont Ave, Wollstonecraft $512,000 L M SOLD
Market Update 2026 5 2/6 Cliff St, Milsons Point $7,175,000 Thinking of selling? Selection of our recent sales L M N 3 2 2 SOLD 2 2 2 10D/22 King St, Waverton $2,070,000 L M N SOLD 30/31 Bay Rd, Waverton $1,255,000 L M N 2 1 1 SOLD 3 2 1 44/110-116 Alfred St, Milsons Point $3,250,000 L M N SOLD 3/386 Mowbray Rd, Lane Cove North $730,000 L M N 1 1 1 SOLD 705/38 Alfred St, Milsons Point $3,750,000 L M N 3 2 2 SOLD 1801/486 Pacific Hwy, St Leonards $880,000 L M 1 1 SOLD 1203A/93 Pacific Hwy, North Sydney $800,000 SOLD 1 1 L1 M1 N 1
Market Update 2026 6 Property in focus 2/6 Cliff St, Milsons Point This extraordinary residence within the tightly held 'The Cavill' has been successfully sold at auction to the highest bidder for $7,175,000. Showcasing breathtaking Lavender Bay views, house-like proportions and a world-class Milsons Point position, the campaign generated strong buyer engagement throughout and highlighted the continued demand for premium harbourfront homes. Sold at auction | $7,175,000 8,509+ listing views 173 buyer enquiries 82 open home attendees 3 bed | 2 bath | 2 car Sold X Team Bell SOLD
Market Update 2026 7 Property in focus 4D/2 Gas Works Rd, Wollstonecraft This beautiful apartment in the 'Hoya' building was successfully sold by Holmes St.Clair, achieving a new building record result. Buyers were drawn to the home's stunning design and picturesque outlooks across the estate. While buyers remain cautious, quality properties with a targeted marketing approach continue to create competitive buying tension, with qualified purchasers still waiting for the right opportunity. Sold | $2,300,000 'Hoya' building record sale Sale negotiated prior to auction 18 days on market 2 bed | 2 bath | 2 car Contact Robert Holmes SOLD
Market Update 2026 8 76/41 Rocklands Rd, Wollstonecraft $920 per week Outstanding results for our clients Recently leased properties L M N 2 2 1 LEASED 2 1 1 18/18 Carr St, Waverton $850 per week L M N LEASED 67/54 Christie St, St Leonards $1,310 per week L M N 3 2 2 LEASED 2 1 1 603/9 William St, North Sydney $1,100 per week L M N LEASED 9/12-16 Berry St, North Sydney $800 per week L M 1 1 LEASED 207/72 Chandos St, St Leonards $875 per week L M N 1 1 1 LEASED 126/48-50 Alfred St S, Milsons Point $1,350 per week L M N 2 2 2 LEASED 3 2 2 13A/70 Alfred St, Milsons Point $2,000 per week L M N LEASED
Market Update 2026 9 9/1 Milner Cres, Wollstonecraft $875 per week Outstanding results for our clients Recently leased properties L M N 2 1 1 LEASED 3 2 2 18 Selwyn St, Wollstonecraft $1,390 per week L M N LEASED 5B Montpelier St, Neutral Bay $3,800 per week L M N 4 3 4 LEASED 1 1 1 704/31-33 Albany St, Crows Nest $900 per week L M N LEASED 80/14 Blues Point Rd, McMahons Point $800 per week L M S 1 LEASED 18 Mitchell St, Naremburn $1,650 per week L M N 3 3 2 LEASED 14/7 Northcliff St, Milsons Point $1,500 per week L M N 2 2 1 LEASED 2 1 1 20/116 Shirley Rd, Wollstonecraft $850 per week L M N LEASED
Market Update 2026 10 Property management update A note to our valued property investors Vacancy rates remain tight across our core areas, sitting at approximately 1.5% across Wollstonecraft, St Leonards, Naremburn and Crows Nest, and closer to 1.6% in Milsons Point, North Sydney and Waverton, with Mosman around 1.7%. These figures continue to highlight limited rental supply. Encouragingly, the rental market is beginning to show signs of greater stability compared to recent years. Inspection numbers remain solid, however a more balanced dynamic is emerging, allowing both tenants and landlords to take a more considered approach, with a growing focus on securing quality, long-term tenancies. With sustained demand across the Lower North Shore, it continues to be a favourable time for landlords considering leasing their property. As further details from the Federal Budget continue to unfold, we will be monitoring any changes that may affect investors, rental supply and the broader leasing market. For tenants searching for their next home, we encourage you to reach out to our Property Management team to discuss your requirements, including upcoming opportunities. The leasing market has remained active in recent months, with steady demand across the Lower North Shore, even beyond the traditionally busier first quarter of the year. The Federal Budget has also generated considerable discussion throughout the investment property sector, particularly around housing supply, affordability and proposed changes to negative gearing and capital gains tax concessions. These conversations remain front of mind for many investors, especially regarding the potential impact on future rental supply and investment confidence. What we are seeing more clearly now is a distinction between well-maintained properties and those requiring further attention. Homes that are well- presented and thoughtfully maintained are leasing quickly, often within the first week of launching, and attracting quality long-term tenants, while properties requiring updates are experiencing longer days on market. This reflects both continued rental demand and a growing focus on quality, condition and lifestyle.
Market Update 2026 11 Your market results (21 January - 18 May) Lower North Shore Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate Crows Nest $68,663,000 $4,355,000 $6,750,000 35 75% Milsons Point Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $26,655,000 N/A $7,175,000 11 67% North Sydney Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $111,938,000 $4,850,000 $3,550,000 89 78% St Leonards Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $103,943,582 $5,388,900 $2,710,000 98 77% Waverton Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $29,493,888 $3,510,000 $4,020,000 17 78% Wollstonecraft Total Sales Value Highest Price House Highest Price Apartment How many properties sold Auction Clearance Rate $92,088,370 $5,500,000 $3,000,000 67 75%
1 PROPERTY MARKETING | LEASING | AUCTION SPECIALISTS RESIDENTIAL SALES | LEASING | PROPERTY MANAGEMENT 2 Offices ~ 1 Team 38 Willoughby Rd, Crows Nest 1B, 48-50 Alfred St, Milsons Point
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