2022 Year in review Courtesy of David Walker Ray White Upper North Shore
FAST FACTS Source: Pricefinder 1 January 2022 – 31 December 2022 1. HOUSE UNIT 2022 2021 2022 2021 WAHROONGA 241 310 91 107 WARRAWEE 38 40 27 42 TURRAMURRA 168 223 108 141 NUMBER OF SALES WAHROONGA WARRAWEE TURRAMURRA 61.5% 66.7% 65.6% 4. AUCTION CLEARANCE RATE WAHROONGA October & November WARRAWEE February, May & November TURRAMURRA March & November 5. PEAK SELLING PERIODS WAHROONGA $14,500,000 33 Water Street, Wahroonga WARRAWEE $16,300,000 39 Cherry Street Warrawee TURRAMURRA $11,200,000 49 Ku-Ring-Gai Avenue Turramurra 6. HIGHEST HOUSE SALE 2. MEDIAN SALE PRICE HOUSE UNIT 2022 2021 2022 2021 WAHROONGA $2,480,000 $2,475,000 $1,050,000 $975,000 WARRAWEE $3,135,000 $4,010,500 $845,000 $900,000 TURRAMURRA $2,790,000 $3,000,000 $890,500 $1,000,000 3. AVERAGE SALE PRICE HOUSE UNIT 2022 2021 2022 2021 WAHROONGA $2,812,832 $2,830,469 $1,149,553 $1,186,762 WARRAWEE $3,568,263 $4,467,262 $1,008,000 $1,117,919 TURRAMURRA $3,130,909 $3,165,228 $1,096,449 $1,205,674
As pandemic conditions eased throughout the world, so too did the Sydney property market, welcoming a return to steadier conditions in 2022. Post-lockdown, a perfect combination of low interest rates, pent-up demand and limited stock caused prices to surge across the Upper North Shore at a rate not seen in decades. As the frenzy has settled, price growth has eased to a steady rhythm with buyers increasingly drawn to high quality properties, like renovated or brand-new homes and apartments. Over 2022 my team and I have sold 94 properties with a total value exceeding $329m including a number of significant sales, where new builds dominated. This commenced at the beginning of the year with 34 Flinders Avenue, St Ives selling for $5.9m which was a record at the time but was recently eclipsed by the sale of 12 Romney Road, St Ives which sold for $6.619m. This continual upward momentum in price has been strengthened by a significant increase in building costs. A highlight of the year was Ray White Upper North Shore’s success in the Ray White Network awards, receiving the title of #1 International Business. This reflects our high achieving and exceptionally hard-working team, our market leading strategies and our clients who trust us to take them through the entire journey. Highlights from this quarter: • 397 Bobbin Head Road was a landmark sale and a pleasure to bring to market. Offering an exceptionally rare 20,000sqm on two titles with a significant period home and potential, it sold for $11.025m – a North Turramurra record. • Despite the media negativity around the market, quality property is always in high demand. 16 Berilda Avenue, Warrawee demonstrated this. Selling through our office for the 2nd time, this resort-inspired property sold on the day of its first open home. • 186 Bannockburn Road, Turramurra set a new record for a luxury Homestead Homes build and for a new build in Turramurra. • With ample buyers still in the market, we are seeing a continuing lack of stock. With the area highly desirable due to its transport, lifestyle and exceptional schools, this demand is sure to remain high WHAT’S HAPPENING IN OUR MARKET?
raywhiteuppernorthshore.com.au Source: Pricefinder 1 January 2022 - 31 December 2022 Competitors Ray White The Upper North Shore has been resilient over the last 12 months, a reflection of its aspirational lifestyle attributes. With the area so in demand, we are looking forward to a prosperous 2023. I would like to take this opportunity to thank you for your support. If you are thinking of making a move this year or would like to discuss your property goals, please call me. David Walker | 0414 184 911 | david.walker@raywhite.com David Walker and Ray White Upper North Shore sell more properties in Wahroonga than any other agency. Here’s the proof. 24 21 15 10 10 7 8 51
DAVID WALKER’S HIGHLIGHT SALES IN 2022 33 Burns Road, Wahroonga 47 Fairlawn Avenue, Turramurra 3 Coolabah Avenue, Turramurra 7 Wyeena Close, Wahroonga 84 Westbrook Avenue, Wahroonga 38 Ku-Ring-Gai Avenue, Turramurra 29 Ku-Ring-Gai Avenue, Turramurra 4 The Broadway, Wahroonga SOLD $11,100,000 SOLD $4,400,000 SOLD $4,720,000 SOLD $4,250,000 SOLD $3,405,000 SOLD $5,800,000 SOLD $4,999,500 SOLD $3,100,000 Street Record
42 Hastings Road, Warrawee 16 Berilda Avenue, Warrawee 9 Ada Avenue, Wahroonga 40 Cleveland Street, Wahroonga 397 Bobbin Head Road, Turramurra 12 Romney Road, St Ives 10 St James Lane Turramurra 3 Gladys Avenue, Wahroonga SOLD $4,121,000 SOLD $3,150,000 Sold Same Day As First Open Home SOLD $5,000,000 SOLD $4,015,000 SOLD $11,025,000 North Turramurra Record SOLD $6,619,000 St Ives Chase Record SOLD $4,500,000 SOLD $5,485,000
WAHROONGA WARRAWEE TURRAMURRA SALES & GROWTH CHARTS $2.9M $2.5M $2.1M $1.7M $1.3M $0.9M $5.0M $4.0M $3.0M $2.0M $1.0M $0.0M $3.0M $2.6M $2.2M $1.8M $1.4M $1.0M 340 300 260 220 180 140 70 60 50 40 30 20 230 200 170 140 110 80 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 10 YEARS 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 10 YEARS 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 10 YEARS MEDIAN SALE PRICE MEDIAN SALE PRICE MEDIAN SALE PRICE NUMBER OF SALES NUMBER OF SALES NUMBER OF SALES Source: Pricefinder
★★★★★ Best outcome possible “Every person in David’s team was pleasant, competent and professional. At every level from planning & scheduling, advice, photography and the sale process was excellent and we have no doubt that we received the best result possible for our property. We could not be more pleased and believe that David deserves success from building such a capable team and for exceeding our expectations.” VENDOR – 10 ST JAMES LANE TURRAMURRA ★★★★★ Clear communication at every step “We were very happy with the way the whole process was managed from the first meeting to the final post sale debrief. David’s communication was excellent at every step of the process - timely, transparent and pragmatic. He and his team gave great advice on how to best present our property for sale and then provided the support to get it ready. We were pleased with the outcome and would highly recommend David and his team.” VENDOR – 9 ADA AVENUE WAHROONGA ★★★★★ Seamless and easy “David and his team (Ada and Candice) made the whole experience of selling our house just seamless. It’s really great working with a professional who is very knowledgeable, a good communicator and is transparent with the whole process. We’re busy people and we were concerned about getting the house to market, having to organise and manage trades by ourselves. David’s team took care of all the presale arrangements which made everything stress free. The campaign was easy and we were kept up to date with everything. We had a solid sales result and couldn’t be happier.” VENDOR – 62 MIOWERA ROAD TURRAMURRA David Walker Director 0414 184 911 david.walker@raywhite.com 39 Hill Street Roseville NSW 2069 18 Railway Avenue Wahroonga NSW 2076 Shop 2, 237 Mona Vale Road St Ives NSW 2075 raywhiteuppernorthshore.com.au Ray White Upper North Shore | 9489 7474 | 9489 1961 Head Office: 2 Turramurra Avenue, Turramurra NSW 2074 45-47 Hunter Street Hornsby NSW 2077 A WORD FROM MY CLIENTS
RkJQdWJsaXNoZXIy MTI3ODI1