HOME B U SH 2023 End of Year Property Report
We are pleased to present our 2023 end of year property report for Homebush. Through 2023 the property market in the area faced its share of uncertainties, however, like much of the inner west we can report a significant upswing in market activities and results in the later stages of the year. We saw some exceptional results within our Newington office, including low days on market and high auction clearance rates. Both statistics are excellent indicators of market strength, and we expect this trend to continue into the first quarter of 2024. Homebush, in the past may have been overshadowed by Strathfield, however, it has emerged as a hidden gem in the property market. Known for its strategic central location, excellent connectivity, and a harmonious blend of urban and suburban lifestyles, Homebush is not just a locality; it’s a lifestyle choice for many. 2023 has been pivotal for the Homebush area, especially for units and apartments. We recorded a total sale of 252 units at a median price of $645,250 and 17 houses at $2,680,000, reflecting the area’s growing appeal. The suburb’s accessibility to Sydney’s key locations, combined with its vibrant local amenities, positions it as a highly soughtafter destination for a diverse range of buyers, including first-time homeowners, young professionals, and young families. As a Homebush local I am deeply entrenched in the nuances of the Homebush real estate market, dedicated to delivering unparalleled service tailored to meet your specific real estate needs. Whether you’re buying, selling, or renting, we offer expert guidance to navigate the complexities of the Homebush property market, ensuring a seamless and rewarding experience. Welcome to the Morton Homebush 2023 Property Report. Akanksha Chaudhari Sales Agent 0447 201 786 akanksha.chaudhari@morton.com.au
Morton Homebush Market Wrap up. 2023 Winner Principal Advance 2023 – Property Management Excellence Homebush Market Summary Houses sold Notable sales since January 2023 91-93 Abbotsford Rd, Homebush 3-5 Bridge Rd, Homebush (development site) 10 Abbotsford Rd, Homebush 13 Badgery Avenue, Homebush 9/31-33 Mackenzie Street, Homebush 1/63 Underwood Road, Homebush 38/9 Verley Drive, Homebush 301/43-45 Loftus Crescent, Homebush 6 - 6 5 3 3 3 3 3 - 2 2 2 2 3 2 4 - 3 4 2 2 1 2 $7,425,000 $9,504,000 $5,675,000 $3,335,000 $1,200,000 $1,200,000 $850,000 $840,000 ADDRESS SALE PRICE The above data is accurate as of April 2023. Data is compiled through Morton and other third-party sources. 17 Units sold 252 Median Days on Market (house) 21 $2,680,000 $645,000 Median Sales Price (house) Median Sales Price (unit) Median Days on Market (unit) 19 DATE SOLD 13th May 14th August 1st June 11th December 8th December 5th December 18th November 25th August Finalist ARERA – Agency of the Year 2023 Finalist ARERA – Property Management Agency of the Year (over 1,000 managements)
Sold Properties. Homebush West Q206/81-86 Courallie Avenue Sold for $478,000 on 16th June Homebush 15/51-53 Loftus Crescent Sold for $650,000 on 5th May 1 1 1 Homebush 176/1-3 Beresford Road Sold for $758,000 on 12th May Sydney Olympic Park 2006/11 Australia Avenue Sold for $840,000 on 25th July (Sold for building record) Wentworth Point 147/27 Bennelong Parkway Sold for $852,500 on 11th December 2 2 1 2 2 2 2 2 2 2 2 1
On the Market. Wentworth Point 345/1E Burroway Road Sold for $853,000 on 2nd December Wentworth Point 642/30 Baywater Drive Sold for $822,000 on 20th October 2 2 1 Wentworth Point J15075/17 Amalfi Drive For Sale Wentworth Point D13065/7 Bennelong Parkway For Sale Wentworth Point 701/11 Wentworth Place For Sale 2 2 1 2 2 2 2 1 1 2 2 1
Off Market Opportunity. Wentworth Point 617/16 Marine Parade Contact agent for more information Akanksha Chaudhari | 0447 201 786 | akanksha.chaudhari@morton.com.au 2 2 2
Sold. Newington CG01/3 Avenue of Europe Sold for $845,5000 on 29th August 2 2 1
morton.com.au Akanksha Chaudhari Sales Agent 0447 201 786
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