Market update Courtesy of David Beveridge Ray White Upper North Shore
A Strong Opening Quarter The first quarter of 2025 has delivered a confident and energised start to the Upper North Shore property market. Buyer sentiment has noticeably lifted, fuelled by the Reserve Bank of Australia’s February rate cut and a renewed sense of optimism across the market. From January through to March, activity has remained consistently high, with healthy buyer demand and strong engagement across all segments of the market. Buyer Confidence on the Rise With affordability conditions easing slightly and borrowing capacity improving, we’ve seen an influx of motivated buyers eager to transact. Many properties are attracting competitive interest, with well-priced and well-presented homes selling quickly. Auction clearance rates have improved steadily through the quarter, reflecting growing buyer confidence and an increase in serious, finance-ready purchasers entering the market. Continued Growth in Property Values Nationally, both house and unit values rose 0.2% in February, building on a trend that began in January. Sydney continues to lead as Australia’s most expensive capital city, and the Upper North Shore remains one of its most sought-after regions. Across our local suburbs, we’re seeing consistent price growth, underpinned by strong lifestyle appeal, access to leading schools, and an enduring reputation as a high-performing market. Outlook for the Months Ahead Looking forward, the signs remain encouraging. With inflation moderating and the possibility of further rate cuts later in the year, market conditions are expected to stay positive. We anticipate steady demand throughout Autumn and into Winter, particularly from buyers hoping to get ahead of the traditionally competitive Spring season. For sellers, this means a valuable window of opportunity to take advantage of current momentum. With strong buyer confidence, steady price growth, and favourable market conditions, the Upper North Shore property market is in a strong position as we move further into 2025. Whether you’re looking to buy or sell, now is an excellent time to take action. If you’d like expert advice or assistance with your property plans, please reach out - we’re here to help. David Beveridge 0411 225 167 david.beveridge@raywhite.com YOUR LOCAL MARKET UPDATE
FAST FACTS Source: Pricefinder 2025 1. NUMBER OF SALES HOUSES JAN-MAR 2025 JAN-MAR 2024 ST IVES 49 45 ST IVES CHASE 6 7 3. AVERAGE SALE PRICE HOUSES JAN-MAR 2025 JAN-MAR 2024 ST IVES $3,622,222 $3,558,071 ST IVES CHASE $3,044,167 $2,727,143 4. HIGHEST SALE PRICE HOUSES JAN-MAR 2025 JAN-MAR 2024 ST IVES $6,680,000 $6,450,000 ST IVES CHASE $3,560,000 $3,760,000 HOUSES JAN-MAR 2025 JAN-MAR 2024 ST IVES $3,252,000 $3,010,000 ST IVES CHASE $3,050,000 $2,760,000 2. MEDIAN SALE PRICE
RECENT SALES BY DAVID BEVERIDGE 2/10 Shinfield Avenue, St Ives 78 Warrimoo Avenue, St Ives 115 Warrimoo Avenue, St Ives 45 Milburn Place, St Ives 1 Killeaton Street, St Ives 43 Lancaster Avenue, St Ives SOLD $2,050,000 SOLD $3,120,000 SOLD $3,560,000 SOLD $3,350,000 SOLD $4,100,000 SOLD $3,700,000 3 2.5 2 5 2.5 2 4 3 2 5 3 2 5 3 3 5 4 2 “I highly recommend David. Having purchased the house from him, I already knew of his professionalism and honesty. Selling seemed like a daunting task, but David made the process smooth and stress-free. His dedicated personal approach set him apart, and with his team (shoutout to Felicity and James!) I was confident of getting the best result possible, which we did.” MANDY – 78 WARRIMOO AVENUE, ST IVES “David and his team were wonderful in helping us navigate the sale of our family home. David was professional and responsive, including the difficult few weeks when we paused our campaign to reevaluate our decision. He was understanding, patient and provided sound advice. Once we were ready to proceed he managed the campaign to a very satisfactory conclusion.” CAROL – 45 MILBURN PLACE, ST IVES
PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE Curb Appeal: Utilise the natural beauty of Autumn foliage to enhance your property's curb appeal. The cooler months can be a great time to sell your home, offering unique advantages. Here are some tips for making a sale in either Autumn or Winter: Focusing on these aspects can help sell your home effectively in Autumn or Winter, leveraging the season's unique selling points. Reach out to my team today to learn how to maximise your selling price. Maintain Exterior: Keep up with lawn maintenance, rake leaves regularly, and ensure pathways are clear and well-lit. Enhance Outdoor Spaces: Make your garden appealing with simple updates and demonstrate how outdoor areas can be enjoyed year-round, possibly adding features like fire pits or outdoor heaters. Warmth: Keep your home warm during opens inspections, so your home feels inviting to prospective buyers.
David Beveridge | 0411 225 167 | david.beveridge@raywhite.com 8x St Ives Chase Agent of the Year 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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