Market update Q3 FY24-25 Courtesy of Duane Hunter Ray White Northern Beaches
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. Duane Hunter 0415 708 992 duane.hunter@raywhite.com YOUR LOCAL MARKET UPDATE
FAST FACTS Source: Pricefinder 2025 HOUSES UNITS Q3 FY24-25 Q3 FY24-24 Q3 FY24-25 Q3 FY24-24 ELANORA HEIGHTS 16 11 - - NORTH NARRABEEN 12 17 3 3 TERREY HILLS 9 9 - - NARRABEEN 8 4 36 36 1. NUMBER OF SALES HOUSES UNITS Q3 FY24-25 Q3 FY24-24 Q3 FY24-25 Q3 FY24-24 ELANORA HEIGHTS $3,175,000 $3,500,000 - - NORTH NARRABEEN $3,500,000 $5,760,000 $925,000 $1,960,000 TERREY HILLS $3,850,000 $18,250,000 - - NARRABEEN $4,550,000 $4,100,000 $5,110,000 $4,375,000 4. HIGHEST SALE PRICE HOUSES UNITS Q3 FY24-25 Q3 FY24-24 Q3 FY24-25 Q3 FY24-24 ELANORA HEIGHTS $2,427,500 $2,340,000 - - NORTH NARRABEEN $2,100,000 $2,220,000 $925,000 $1,910,000 TERREY HILLS $2,176,250 $2,550,000 - - NARRABEEN $2,800,000 $3,167,500 $1,133,000 $1,360,000 2. MEDIAN SALE PRICE HOUSES UNITS Q3 FY24-25 Q3 FY24-24 Q3 FY24-25 Q3 FY24-24 ELANORA HEIGHTS $2,492,500 $2,476,818 - - NORTH NARRABEEN $2,187,500 $2,362,706 $925,000 $1,580,000 TERREY HILLS $2,342,500 $5,647,778 - - NARRABEEN $3,120,000 $2,715,000 $1,437,840 $1,497,492 3. AVERAGE SALE PRICE
HIGHLIGHT SALES BY DUANE HUNTER 18 St Andrews Gate, Elanora Heights 41 Kalang Road, Elanora Heights SOLD $2,310,000 SOLD $2,520,000 4 1 3 2 2 4
WHY SELL WITH RAY WHITE NORTHERN BEACHES? WHY SELL WITH RAY WHITE NORTHERN BEACHES? Selling your property is more than just a transaction; it's a life changing experience. At Ray White Northern Beaches, we understand that every home is unique, and so is every seller's journey. Reasons We Achieve More For You WE ARE THE COMPETITION CREATORS Our dynamic marketing and sales strategies showcase properties at their best, attracting both passive and active buyers. WE OFFER GENUINE AND PERSONALISED SERVICE Understanding that each of our clients situations and properties are unique, our team tailors their approach. WE HAVE THE GLOBAL RAY WHITE NETWORK With access to a vast network of potential buyers and investors, both locally and internationally, we are able to tap into a larger pool of interested parties. WE ARE EXPERT NEGOTIATORS Our sales agents are equipped with advanced negotiation strategies and tactics, ensuring we can secure the best possible terms for our clients. WE ARE LED BY RAY WHITE UPPER NORTH SHORE Being owned and operated by the number 1 group in the Ray White network ensures that our marketing strategies, sales support, training and administration are optimised to deliver exceptional results.
A SELECTION OF RECENT SALES Address Bed Bath Car Area sqm Sale Price Sale Date 20 Wongala Avenue 5 2 2 1334 $2,090,000 16/1/25 3 Totala Place 4 3 2 600 $3,050,000 30/1/25 158 Powderworks Road 4 3 2 1005 $2,525,000 31/1/25 17 Iluka Avenue 4 2 2 752 $2,335,000 14/3/25 41 Kalang Road 4 2 2 752 $2,520,000 14/3/25 214 Woorarra Avenue 4 3 2 645 $3,040,000 20/3/25 18 St Andrews Gate 4 1 3 835 $2,310,000 21/3/25 51 Elanora Road 3 2 2 676 $2,100,000 26/3/25 10 Weeroona Avenue 5 2 4 1182 $3,175,000 27/3/25 22 Amaroo Avenue 5 2 4 1153 $2,540,000 29/3/25 ELANORA HEIGHTS Address Bed Bath Car Area sqm Sale Price Sale Date 24 Taiyul Road 4 3 2 538 $3,500,000 15/1/25 89 Powerworks Road 4 3 3 1182 $2,230,000 4/2/25 61 Powderworks Road 4 3 2 664 $2,282,500 13/2/25 1 Warruga Place 3 1 2 746 $2,100,000 22/2/25 47 Alleyne Avenue 4 2 1 797 $2,200,000 4/3/25 153 Rickard Road 3 1 1 379 $1,727,500 7/3/25 114 Garden Street 4 3 3 613 $2,100,000 20/3/25 20 Rickard Road 2 1 2 462 $2,100,000 20/3/25 77 Powderworks Road 5 2 2 1593 $2,070,000 22/3/25 NORTH NARRABEEN Address Bed Bath Car Area sqm Sale Price Sale Date 30 Tiarri Avenue 5 2 2 696 $1,837,500 17/1/25 8 Cheyne Road 4 2 2 841 $2,375,000 23/1/25 17 Currong Circuit 5 3 5 942 $2,100,000 24/1/25 12 Jinchilla Road 3 2 3 696 $1,825,000 10/2/25 40 Tiarri Avenue 4 2 4 696 $2,137,500 12/2/25 16 Laitoki Road 4 3 2 696 $3,850,000 27/2/25 14 Tiarri Avenue 4 2 2 696 $2,215,000 6//3/25 12 Moolah Road 5 3 1 696 $2,400,000 20/3/25 TERREY HILLS Address Bed Bath Car Area sqm Sale Price Sale Date 5 Octavia Street 3 2 2 191 $2,200,000 25/1/25 74 Park Street 4 2 2 465 $2,800,000 13/2/25 9 Malcolm Street 5 2 3 462 $4,550,000 13/2/25 39 Lindley Avenue 4 4 2 487 Undisclosed 17/2/25 72 Lagoon Street 6 4 3 661 Undisclosed 20/2/25 1206 Pittwater Road 3 1 2 449 $2,450,000 21/2/25 53 Clarke Street 4 4 1 805 Undisclosed 21/3/25 1226 Pittwater Road 3 1 2 462 $3,600,000 26/3/25 NARRABEEN
LIVE LOCAL, LOVE LOCAL Q: Why did you choose Elanora Heights? A: We were growing as a caterer & needed more space to operate, so we started looking for a shop front so we could also operate as a café. When we found our shop, it was exactly what we were after & in the perfect spot to serve all our great locals here at Elanora Heights. Q: Why are we so lucky to have you in Elanora Heights? A: I am not a believer in luck but feel so fortunate to be in Elanora & able to employ great local people while supporting the Elanora Heights Village. Q: What do you sell in your café? A: We have an amazing deli, fresh cakes, the best Campos coffee, tasty breakfasts, fresh salads & gorgeous focaccia sandwiches. Q: If I were here for the first time, what would you recommend I try? A: That’s a hard one, for breakfast I’d recommend the corn fritters with avocado, chilli jam, rocket, aioli adding a poached egg. Q: We are so glad you are here & doing such great business for the area! A: Thank you for all your ongoing support, we love it here & appreciate the great opportunity we have, to be in Elanora Heights! Blatchford’s Kitchen Shop 2/55 Kalang Road, Elanora Heights NSW 2101 9487 3974 7am – 2pm, 7 days a week blatchfordskitchen.com.au Q&A with Chris Blatchford, owner of Blatchfords Kitchen
Friendly, communicative service “Duane and Mitch provided assistance with an off-market campaign first, and then the on-market campaign. The latter was done very well and smoothly. Duane and Mitch kept in very regular contact, informing us of inspections, potential buyers and their feedback. In concluding the sale Duane worked hard to get the best price and we were very satisfied with the outcome.” 18 ST ANDREWS GATE, ELANORA HEIGHTS – STEPHEN & MARIAN, VENDORS A fabulous experience “Duane has such a lovely nature and is an absolute delight to deal with. We sold our property with him because he is genuine, transparent and has very good knowledge of the area and the current market conditions. Mitch has all the same attributes and kept us up to date through the entire process. We are very happy with our sale result and would highly recommend the Ray White team to anyone selling on the Northern Beaches.” 41 KALANG ROAD, ELANORA HEIGHTS – GREG & BELINDA, VENDORS Great selling agent “Duane was an excellent selling agent. He provided information and assistance whenever we asked while we considered the purchase. We felt that he honestly and fairly dealt with us as potential purchasers.” 41 KALANG ROAD, ELANORA HEIGHTS – BRIAN & KERRIE, PURCHASERS A WORD FROM MY CLIENTS Duane Hunter Licensed Real Estate Agent 0415 708 992 duane.hunter@raywhite.com Ray White Northern Beaches (02) 9970 7220 | raywhitenorthernbeaches.com.au Shop 4/69 Kalang Road, Elanora Heights
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