St Ives Market Update Courtesy of Giuseppe Princi Ray White Upper North Shore
Apartment values steady as Sydney buyers return As winter settles in, St Ives apartment market continues to show stability, with values rising 7.2% over the past 12 months. Median apartment values now sit at $1,018,750, buoyed by improved borrowing capacity, easing interest rates, and tight supply. Despite recent economic uncertainty, growing buyer confidence and improved affordability (driven by interest rate cuts in February and May) have helped sustain modest upward pressure on apartment prices. Low stock levels support price growth Advertised stock remains tight, 5.8% below the same time last year and 16.7% under the five-year average. While total housing turnover remains slightly below the decade average, this shortage continues to support values. Auction clearance rates have continued to rise, holding steady between 60% and 70% over the past two months, underscoring strong buyer demand despite persistent affordability pressures. Apartment demand fuelled by affordability & yield Apartments are offering competitive returns, with gross rental yields at 4.2%. Annual rent growth sits at 3.1%, one of the softer figures nationally, suggesting stable tenant demand and strong occupancy. Outlook: momentum building into Spring Looking ahead, the apartment market is well-positioned for further moderate gains: • Interest rates are forecast to drop further, with rates potentially hitting 2.9% by early 2026. • With inflation easing to 2.4%, consumer confidence is lifting, and more buyers are expected to re-enter the market in the coming months. • Given the seasonal uptick in listings through spring, now may be an ideal time for apartment owners to act ahead of the competition. Thinking of Selling Your Apartment? With detailed buyer insights, local knowledge, and a tailored sales strategy, we create competition to deliver strong results. Let’s discuss how we can help you get the best price for your apartment in the current market. Book your property appraisal now. INSIDE THE MARKET: WINTER EDITION I SYDNEY APARTMENTS Giuseppe Princi 0433 641 046 giuseppe.princi@raywhite.com
FAST FACTS Source: Pricefinder 2025 4.1% RENTAL YIELD 69% AUCTION CLEARANCE RATE 156 UNITS SOLD SOLD $1,016,750 MEDIAN UNIT PRICE LEASED PROPERTIES LEASED 175 MEDIAN RENTAL PRICE LEASED $800 PER WEEK
HIGHLIGHT SALES BY GIUSEPPE PRINCI OFF MARKET OFF MARKET 5/281 Mona Vale Road, St Ives 29/165-167 Rosedale Road, St Ives 9/132-138 Killeaton Street, St Ives 102/183-185 Mona Vale Road, St Ives 39/212-216 Mona Vale Road, St Ives 1109/169-177 Mona Vale Road, St Ives SOLD $1,300,000 SOLD $1,175,000 SOLD $900,000 SOLD $895,000 SOLD $688,250 SOLD $605,500 3 2 2 2 2 1 1 1 1 1 1 1 2 2 1 2 2 1 210sqm 133sqm 137sqm 131sqm 76sqm 67sqm
WHY SELL WITH RAY WHITE UPPER NORTH SHORE? WHY SELL WITH RAY WHITE UPPER NORTH SHORE? Sales Volume Ray White Competitor 1 Competitor 2 Competitor 3 Competitor 4 0 200 400 600 800 1000 Sales Value Ray White Competitor 1 Competitor 2 Competitor 3 Competitor 4 $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 Source: CoreLogic Market Scorecard FY24-25 Ray White Upper North Shore sets the standard by selling more properties than any other agency across the Upper North Shore. This extensive track record enables us to connect with more potential purchasers than anyone else, ensuring unmatched exposure for your property. Our comprehensive marketing strategies are proven to give you an advantage when selling your home. VIEWS ENGAGEMENT ENQUIRIES SAVES & SHARES 3,381 2,785 27,271 23,617 59 49 21 16 RAY WHITE UPPER NORTH SHORE MARKET AVERAGE Source: Domain published listings FY24-25
A WORD FROM MY CLIENTS Outstanding service and expertise ‘’Giuseppe has excellent market knowledge of St Ives and surrounded area. He and his team provided exceptional services to us, he gave us professional advices and kept us updated of every Open Inspection as well as followed up with every potential buyers for us. We definitely recommend him to anyone who wants to sell your property.’’ VENDOR I MILKY The best agent I’ve worked with ‘’It was a pleasure working with Giuseppe. He was the only one who gave me a realistic price and he patiently explained it with solid data points, which is why I chose to list with him. I was looking for an agent I could trust, not a pushy salesperson, and I was lucky to find him. His market research turned out to be accurate, and the way he communicated and handled everything was exceptional. His professionalism, honesty, and genuine care make him the best agent I’ve ever worked with.’’ VENDOR I ADAM Seamless selling experience ‘’Deciding to sell a property leaves the seller with many variables to consider, having had Giuseppe as our representative was a seamless process, his professional manner left us completely at ease. The weekly updates were invaluable through Ray White’s reporting system. To sum it up we would definitely recommend Giuseppe purely on his trustworthy demeanour.’’ VENDOR I JANET Giuseppe Princi Sales 0433 641 046 giuseppe.princi@raywhite.com Roseville 39 Hill Street Wahroonga 18 Railway Avenue St Ives 237 Mona Vale Road Hornsby 45-47 Hunter Street Pennant Hills 1 Hillcrest Road Ray White Upper North Shore Head Office: 2 Turramurra Avenue, Turramurra raywhiteuppernorthshore.com.au
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