Quarterly market review Q3 FY24-25 Courtesy of David Walker 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 the year off to a strong start and buyer activity on the rise, 2025 is shaping up to be a great time to sell. If you’re thinking of making a move this year, please get in touch. David Walker 0414 184 911 david.walker@raywhite.com YOUR LOCAL MARKET UPDATE
FAST FACTS Source: Pricefinder 2025 1. HOUSES JAN – MAR 2025 JAN – MAR 2024 WAHROONGA 51 53 WARRAWEE 7 4 NUMBER OF SALES HOUSES JAN – MAR 2025 JAN – MAR 2024 WAHROONGA $7,000,000 $8,500,000 WARRAWEE $9,000,000 $7,300,000 4. HIGHEST SALE PRICE HOUSES JAN – MAR 2025 JAN – MAR 2024 WAHROONGA $2,803,500 $3,010,000 WARRAWEE $6,800,000 $5,050,000 2. MEDIAN SALE PRICE HOUSES JAN – MAR 2025 JAN – MAR 2024 WAHROONGA $3,224,071 $3,350,948 WARRAWEE $6,375,714 $5,140,000 3. AVERAGE SALE PRICE WAHROONGA 64% WARRAWEE 52% 5. AUCTION CLEARANCE RATE (LAST 6 MONTHS)
HIGHLIGHT SALES BY DAVID WALKER 15 Heydon Avenue, Warrawee 49 Turramurra Avenue, Turramurra 19 Illoura Avenue, Wahroonga 19 Warrawee Avenue, Warrawee 74 Billyard Avenue, Wahroonga 10 Merrivale Road, Pymble 18 Billyard Avenue, Wahroonga 22 Leura Crescent, North Turramurra SOLD $4,900,000 SOLD $4,800,000 SOLD $3,225,000 SOLD $8,500,000 SOLD $5,400,000 SOLD $4,051,000 SOLD $6,450,000 SOLD $2,450,000 5 3 4 4 2 2 5 2 2 6 5 2 5 2 2 6 5 2 3 2 2 3 2 2
WHY SELL WITH RAY WHITE UPPER NORTH SHORE? WHY SELL WITH RAY WHITE UPPER NORTH SHORE? Sales Volume Ray White Compeঞtor 1 Compeঞtor 2 Compeঞtor 3 Compeঞtor 4 0 200 400 600 800 Sales Value Ray White Compeঞtor 1 Compeঞtor 2 Compeঞtor 3 Compeঞtor 4 $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 Source: CoreLogic Market Scorecard FY24 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 1,348 1,016 906 675 18 13 54 36 RAY WHITE UPPER NORTH SHORE MARKET AVERAGE Source: Domain published listings FY24
★★★★★ Dave is a gun “Professional, effective and timely communicator, great negotiator and provides helpful advice to vendors on the journey of a sale. Highly recommend Dave and his team.” VENDOR – 18 BILLYARD AVENUE, WAHROONGA ★★★★★ Professional, friendly and helpful “You never know how selling your house will turn out. We really weren’t sure what the market was doing and so felt that we were in uncharted waters. We appreciated the upfront assessment of David and his team. His original price guide was very close to the final selling price. Candice moved quickly in organising all the relevant people and paper work. David’s and Belinda’s communication throughout the entire process as well as their quick response to our questions and concerns helped to allay our fears. The sale came quickly in the end and was handled with efficiency and due diligence. It was such a relief.” VENDOR – 19 ILLOURA AVENUE, WAHROONGA ★★★★★ Excellent trustworthy communicator, highly recommended “We had the pleasure of working with David, James and their team to sell our Meadowbank home. David provided us with clear and realistic market estimates. At all times we were kept informed of progress. He is an excellent communicator and knows the North Shore market very well. It was a pleasure to work with him. We appreciate the hard work that everyone put in and persistence in a tight market.” VENDOR – 49 TURRAMURRA AVENUE, TURRAMURRA David Walker Director 0414 184 911 david.walker@raywhite.com A WORD FROM MY CLIENTS 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
RkJQdWJsaXNoZXIy MTI3ODI1