Market update J U LY – S E P T EMB E R 2 0 2 2 Courtesy of Liana Power Ray White Upper North Shore
Following a record breaking few years for Sydney real estate, the property market has moved to a more moderate approach. Increasing interest rates and higher inflation has applied downward pressure, however the always in demand and resilient Upper North Shore is still performing well with some standout results. Days on the market are decreasing and there are excellent numbers of buyers at both open houses and auctions. We are now entering the traditional busy Spring season where sellers take advantage of the warmer days, gardens that are blooming in all the glory and the abundance of sunshine. Although interest rates are continuing their upward momentum, there are some signs that the pace of inflation may be declining. Fuel prices have come back, supply chains are being established post lockdowns and slowing growth in the Chinese market are all having impact plus there are signs that interest rates may peak earlier than expected. As the market reaches a more balanced state, it is evident that the auction process is still garnering the best results. On average, properties sold through the Ray White Group via the auction method are selling 11 days quicker than those by private treaty with prices being 11% higher than any offers given prior to auction. Highlights from this quarter: • Ray White Upper North Shore recently won the prestigious Ray White No.1 International Business award which is a testament to the hard work of our team and the commitment of our community. • The success of an auction program is strong with good buyer numbers providing competition at auctions and the auction clearance rate up. • The demand for luxury new build homes is still high, with these properties garnering instant attention and outstanding sales prices. Likewise, there is keen demand for good sites that suit a rebuild, with quality properties selling quickly. • Post lockdowns and with the community returning to a more ‘normal’ way of life, home offices in a property are still a requirement with many workers splitting time in the office with time at home. If you are considering selling in the near future I would love to hear from you. Ray White Upper North Shore and I have the expertise and understanding of the local area and current market fluctuations to provide an outstanding service and result. Please call me today to discuss. Liana Power 0403 691 474 liana.power@raywhite.com WHAT’S HAPPENING IN OUR MARKET?
A SELECTION OF OUR RECENT SALES Not all sales were made by Ray White Upper North Shore. Sale prices are taken from realestate.com and rounded. 21 Surrey Road, Turramurra 7 Denman Street, Turramurra 18 Forwood Avenue, Turramurra 11 Avoca Road, Turramurra 24 Carina Road, Turramurra 5 Taylor Avenue, Turramurra 171 Bobbin Head Road, Turramurra 2 Kate Street, Turramurra 10a Wambool Street, Turramurra 6 Stainsby Close, Turramurra SOLD $2,500,000 SOLD $2,855,000 SOLD $2,100,000 SOLD $2,483,000 SOLD $2,900,000 SOLD $2,550,000 SOLD $3,550,000 SOLD $2,685,000 SOLD $2,175,000 SOLD $2,700,000
With a strong background in sales and within the renovation business, plus time spent working alongside one of the area’s leading agents, Liana knows more than most what it takes to be successful and that there is no substitute for hard work and attention to detail, which is an attitude she takes with her into every sales campaign. As a focus for her drive, energy and passion, real estate is a clear winner; those clients lucky enough to enjoy Liana’s personal touch and unique brand of strategy, presentation, marketing and negotiation. Her background in buying, renovating, and selling properties has honed her ability to present a property in its best light and achieve an exceptional price – skills which she willingly shares. While results speak volumes, Liana knows that her best assets are the team and company around her and the relationships she builds in life. Born and bred in Wahroonga and now raising her family in the community she loves; she knows the area and its people through and through and is a passionate advocate of its many attractions. Liana feels the culture of Ray White Upper North Shore allows her to give her clients the absolute best. They value trust and honesty, traits she believes are vital for strong, successful relationships, and they welcome creative input. Ask her what motivates her, and she will tell you she just wants to deliver the best service possible and do things better every time. YOUR LOCAL AREA EXPERT 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 Liana Power Sales 0403 691 474 liana.power@raywhite.com
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