Market update APRIL - JUNE 2024 Courtesy of Scott Phillips Ray White Upper North Shore
The Upper North Shore property market remains strong despite varying economic conditions. As the leading real estate agency in the area, we are dedicated to keeping homeowners informed about trends affecting their properties. Market Dynamics The NAB Residential Property Index continued its growth in June, driven by a supply-demand imbalance that supports property price growth, despite high interest rates and economic pressures. Property Market Performance Sydney’s housing market has increased in value for sixteen consecutive months, with the Upper North Shore maintaining high demand due to its desirable living conditions. We continue to see exceptionally strong auction clearance rates with no signs of the market slowing throughout the traditionally quieter winter months. Council’s Legal Action Against the TOD Housing Policy Ku-ring-gai Council is taking legal action against the Minns Government over its plans to build high-density apartment blocks near train stations. The government’s policy aims to address the housing crisis by increasing the supply of well-located homes across Sydney, including dual occupancies, terraces, townhouses, and mid-rise apartments near transport hubs. Mayor Sam Ngai acknowledges the need for more housing but believes a slower, more considered approach is necessary to address character and heritage concerns and ensure existing infrastructure can cope. The council argues these changes could harm heritage conservation, environmental sustainability, and infrastructure capacity. This legal battle underscores the tension between state-driven housing initiatives and local community concerns. Our observations so far – developers are looking to mitigate their risk by focusing on existing R3 and R4 zoned blocks until clarity on planning control is passed. We will be watching this closely as it unfolds. Outlook The Upper North Shore property market is expected to remain robust. The ongoing supplydemand imbalance, strong population growth, and potential interest rate easing bode well for property values and rental income. If you’re thinking of selling, please get in touch so I can show you how my team and I can maximise the value of your property. Scott Phillips 0402 272 575 scott.p@raywhite.com WELCOME TO YOUR LOCAL MARKET UPDATE
WHY SELL WITH SCOTT PHILLIPS FROM UNS? 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
Please get in touch to have a confidential discussion about what your property could achieve and how our sales strategies can deliver you a premium result. HIGHLIGHT SALES BY TEAM PHILLIPS Thinking of selling this spring? 19-21 Ellsmore Avenue, Killara 137 Bradfield Road, Lindfield 1a Rosebery Road, Killara 20 Montreal Avenue, Killara SOLD $6,930,000 SOLD $2,950,000 SOLD $3,590,000 SOLD $3,050,000 5 4 2 4 2 2 4 2 2 3 1 1 STREET RECORD
Sale Date Address Sale Price Area sqm Bed Bath Car 5/4/2024 19-21 Ellsmore Avenue, Killara $6,930,000 1,517 5 4 2 6/4/2024 79 Springdale Road, Killara $4,800,000 1,113 5 3 2 8/4/2024 24 Elva Avenue, Killara $4,588,000 859 6 3 4 12/4/2024 1 Clarke Place, Killara $3,600,000 866 5 2 2 1/5/2024 37 Charles Street, Killara $3,015,000 977 4 1 3 3/5/2024 104 Stanhope Road, Killara $3,870,000 885 5 3 1 16/5/2024 53 McIntosh Street, Gordon $5,100,000 1,165 5 3 2 17/5/2024 5-7 Tasman Crescent, Killara $7,880,000 1,567 6 4 2 25/5/2024 24a Buckingham Road, Killara $6,150,000 1,563 5 4 2 25/5/2024 1a Rosebery Road, Killara $3,590,000 1,062 4 2 2 31/5/2024 20 Montreal Avenue, Killara $3,050,000 759 3 1 1 31/5/2024 22 Gleneagles Avenue, Killara $3,200,000 1,107 3 3 2 1/6/2024 36 Manning Road, Killara $3,852,000 1,094 6 3 4 1/6/2024 30 Beaumont Road, Killara $4,405,000 697 5 3 2 1/6/2024 17 Eustace Parade, Killara $3,850,000 715 3 2 1 6/6/2024 8 Redgum Avenue, Killara $4,200,000 828 3 1 1 18/6/2024 14 Birdwood Avenue, Killara $3,000,000 897 4 2 1 21/6/2024 10 Powell Street, Killara $6,700,000 1,391 5 3 2 21/6/2024 45 Illeroy Avenue, Killara $2,320,000 441 3 2 2 22/6/2024 23 Calvert Avenue, Killara $5,345,000 1,110 5 3 2 25/6/2024 18 Quebec Avenue, Killara $3,325,000 790 4 3 1 26/6/2024 1 Nyora Street, Killara $4,300,000 1,108 5 2 2 27/6/2024 22 Warwick Street, Killara $3,600,000 980 4 2 1 28/6/2024 3 Fitzroy Street, Killara $3,500,000 1,011 5 3 3 6/4/2024 9 Carlotta Avenue, Gordon $3,880,000 784 6 3 3 9/5/2024 9a Burgoyne Street, Gordon $5,500,000 898 5 4 2 22/5/2024 8 Baldwin Street, Gordon $5,728,000 1,783 6 5 2 27/5/2024 9 Park Avenue, Gordon $4,400,000 1,220 5 2 4 14/6/2024 20 Mount William Street, Gordon $5,000,000 892 5 2 2 15/6/2024 58 St Johns Avenue, Gordon $4,250,000 1,322 4 2 3 15/6/2024 30 Bushlands Avenue, Gordon $3,200,000 740 4 2 2 18/6/2024 4 Taylor Street, Gordon $3,380,000 1,290 5 4 4 28/6/2024 72 Elgin Street, Gordon $3,510,000 1,118 5 3 2 A SELECTION OF RECENT SALES GORDON AND KILLARA
Best team in Killara “Scott must have felt the pressure of having vendors who were both real estate agents, who had already been through long, drawn-out and unsuccessful sales campaigns with other top agents. We were sceptical that our dream price could be achieved and yet he rose above all expectations by selling the property for a record price in an extremely difficult market. We cannot recommend him highly enough. Many thanks to both Rosanna and Scott for looking after our house and ensuring it went into the hands of another lovely family who will enjoy it for generations to come.” VENDORS, ELAINE AND SAMUEL SEIT - 19-21 ELLSMORE AVENUE, KILLARA A great result “Moving from a home of over 40 years was always going to be a wrench for us both, but the challenges were met, and Scott and his team were great coaches in what turned out to be a long journey. Scott invested himself in our transition over two years before we committed to sell, and was a wise counsel on all matters property through that period as we bought elsewhere and then sold our home. Always available, and willing to offer sound advice, knowledgeable and highly professional, we have been very well served by Scott and the whole Ray White team. We highly recommend both Scott and Rosanna to anyone who needs advice and support in the daunting process of moving homes.” VENDOR, MARGARET MILLAR - 14 LENNOX STREET, GORDON Exceptional service “Scott and Rosanna recently assisted me with the sale of my family home in Killara. Throughout the entire process, they were courteous, helpful and attentive. I was impressed by Scott’s willingness to go above and beyond throughout and I particularly appreciated Rosanna’s keen eye for detail with presentation before viewings. Without hesitation, I would highly recommend Scott and Rosanna to any of my friends and acquaintances in the future.” VENDOR, HEDY ALLEN - 20 MONTREAL AVENUE, KILLARA A WORD FROM MY CLIENTS Scott Phillips Sales 0402 272 575 scott.p@raywhite.com Rosanna Morley Sales Associate to Scott Phillips 0413 053 322 rosanna.morley@raywhite.com 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