Turramurra & North Turramurra W I N T E R 2 0 2 2 Courtesy of Matt Bolin – Ray White Upper North Shore
Headlines about the property market continue to be foreboding as many speculate about the future. Nationally, some market commentators are now predicting up to 20 per cent price falls in some markets off the back of inflationary pressures and rate rises. Interestingly, these are the same “experts” who predicted 30% falls at the start of the pandemic in 2020 - and effectively the opposite happened. There is of course no crystal ball to predict the future. Our focus whether we are selling or leasing on behalf of our clients is that we “control the controllables” and focus on achieving the best possible outcome based on known facts and conditions. That philosophy has always delivered us the best results, regardless of market conditions – and we never lose sight of this. Locally, the Upper North Shore property market has always been largely protected from significant market volatility. Yes there is price rise and price fall, but the underlying demand for buyers to live in this location is always strong and it is a family area always in demand. Our June results support this positive view of the market – across our five offices, we sold 50 properties with an average days on market of 29. For the financial year, we sold 662 with an average days on market of just 25 and a total market value of $1.7B. Personally, I’m proud to have sold 63 properties over the past financial year for my clients at a total value of $155m. If you would like any real estate advice, a market update, or a current valuation of your property, please feel free to get in touch with me anytime. I look forward to speaking with you. Matt Bolin Partner 0417 269 023 | matt.bolin@raywhite.com WHAT’S HAPPENING IN OUR MARKET?
Source: Pricefinder 1 April - 30 June 2022 *Sale made by Ray White Upper North Shore FAST FACTS APRIL – JUNE 2022 2022 2021 1. NUMBER OF SALES – APRIL - JUNE HOUSES UNITS 2022 2021 2022 2021 TURRAMURRA 42 55 24 43 NORTH TURRAMURRA 10 18 3 4 2. 3. MEDIAN SALE PRICE – APRIL - JUNE HOUSES UNITS 2022 2021 2022 2021 TURRAMURRA $2,765,000 $2,800,000 $874,000 $1,300,000 NORTH TURRAMURRA $2,552,500 $3,003,000 $792,000 $1,600,000 HIGHEST SALE PRICE – APRIL - JUNE HOUSES UNITS TURRAMURRA $6,500,000 7 Evelyn Avenue $2,300,000 Ku-ring-gai Avenue* NORTH TURRAMURRA $5,416,888 14 Jemimas Place* $1,270,000 9/406 Bobbin Head Road*
RECENT SALES BY MATT BOLIN SOLD $4,850,000 CONFIDENTIAL SOLD $3,365,000 SOLD $1,980,000 SOLD $1,584,000 SOLD $2,300,000 CONFIDENTIAL SOLD $3,000,000 20C Stonecrop Road, North Turramurra 6 Stainsby Close, Turramurra 31 Eastern Road, Turramurra 101/23-29 Gilroy Avenue, Turramurra G03/19 Turramurra Avenue, Turramurra 19 Somerset Avenue, North Turramurra 2/44 Ku-Ring-Gai Avenue, Turramurra 3 Billabong Avenue, Turramurra
RECENT SALES RAY WHITE UPPER NORTH SHORE ource: Pricefinder 1 April - 30 June 2022 SOLD $4,000,000 SOLD $3,550,000 SOLD $1,980,000 SOLD $3,000,000 SOLD $5,416,888 SOLD CONFIDENTIAL SOLD $5,000,000 SOLD CONFIDENTIAL 122 Bannockburn Road, Turramurra 10a Wambool Street, Turramurra 60 Spurwood Road, Turramurra 10 Raglan Street, Turramurra 14 Jemimas Place, North Turramurra 19 Miowera Road, North Turramurra 12 Canberra Avenue, Turramurra 1 Nambucca Street, Turramurra
TURRAMURRA & NORTH TURRAMURRA SALES 1 APRIL - 30 JUNE 2022 Sale Date Address Area m2 Beds Bath Car Sale Price 30/06/2022 60 Spurwood Road 721 4 2 1 $1,980,000 29/06/2022 5 Coila Street 809 5 3 2 $3,061,000 24/06/2022 10a Wambool Street 1,695 4 3 3 $3,550,000 23/06/2022 6 Stainsby Close 1,018 4 2 2 Confidential 22/06/2022 122 Bannockburn Road 1,524 4 2 2 $4,000,000 18/06/2022 11 Womerah Street 1,119 7 2 2 $2,400,000 18/06/2022 24 Carina Road 1,341 5 3 2 $2,175,000 18/06/2022 10 Raglan Street 886 3 1 1 $3,000,000 18/06/2022 20c Stonecrop Road 6 4 4 $4,850,000 17/06/2022 36 Catalpa Crescent 1,948 3 2 2 $2,720,000 10/06/2022 105 The Comenarra Parkway 728 3 2 2 $1,940,000 04/06/2022 31 Eastern Road 828 4 2 2 $3,365,000 03/06/2022 36 Murdoch Street 1,353 4 3 2 $3,350,000 28/05/2022 12 Billabong Avenue 1,069 5 4 2 $5,910,000 28/05/2022 165 Bobbin Head Road 1,005 4 2 2 $2,780,000 24/05/2022 4 Ku-Ring-Gai Avenue 1,378 6 3 3 $4,478,800 18/05/2022 2/44 Ku-Ring-Gai Avenue 1,272 3 2 1 Confidential 11/05/2022 8 Swindon Close 968 3 3 2 $2,250,000 09/05/2022 47 Fairlawn Avenue 932 4 3 4 $4,400,000 09/05/2022 3/19 Turramurra Avenue 121 2 2 1 $1,584,000 05/05/2022 11 Sandford Road 605 5 3 2 $2,930,000 02/05/2022 1 Nambucca Street 936 5 3 2 Confidential 24/04/2022 29 Ku-Ring-Gai Avenue 1,574 4 2 2 $4,999,500 23/04/2022 5 Taylor Avenue 1,012 4 2 1 $2,700,000 15/04/2022 12 Canberra Avenue 866 5 3 2 $5,000,000 11/04/2022 66b Eastern Road 841 5 2 3 $3,885,000 07/04/2022 41 Gilroy Road 715 4 2 1 $3,100,000 05/04/2022 41 Duff Street 495 4 2 2 $2,390,000 02/04/2022 7 Karloo Street 1,303 4 3 4 $3,776,000 02/04/2022 37 Eastern Road 750 3 1 1 $2,800,000 22/06/2022 1 Valley Park Crescent 404 5 2 2 $2,650,000 18/06/2022 20c Stonecrop Road 1635 6 4 4 $4,850,000 08/06/2022 19 Miowera Road 1,537 4 2 4 $2,455,000 04/06/2022 11 Allara Avenue 923 3 1 1 $2,250,000 26/05/2022 15/11-15 Curagul Road 15,704 3 2 2 $1,985,000 14/05/2022 10 Du Faur Street 1,169 5 3 3 $2,950,000 14/05/2022 9/406 Bobbin Head Road 2,287 3 2 2 $1,270,000 30/04/2022 14 Jemimas Place 1,167 5 4 2 $5,416,888 05/04/2022 19 Somerset Avenue 930 3 2 1 $2,300,000 04/04/2022 71/28 Curagul Road N/A 2 2 1 $792,000 01/04/2022 1 Gwydir Avenue 936 4 2 1 $2,360,000 Please note not all sales were made by Ray White Upper North Shore.
WHAT STYLE OF FIREPLACE IS RIGHT FOR YOUR HOME? As the temperature plummets, the thought of curling up in front of a fireplace becomes incredibly appealing, but what type of fireplace is right for your home? Interior Designer Becc Burgmann guides us through the options. Wood Pros: • The romance, relaxation and nostalgia • The smell of the wood • Provides great heat and can heat large areas • The natural state of calm it can create. Cons: • High maintenance. Think chopping wood (or buying it), stacking it outside (ensuring it doesn’t get wet), bringing ample amounts inside every day, the mess it can make around your fireplace as well as the need to regularly clean it. • You do need good quality wood or it can be a pain to get started and keep burning. Not all wood burns well. • Lighting and getting it roaring at the end of a busy day can take a while and get slightly tedious, especially if you’ve come home to a cold house. Gas Pros: • Low maintenance. They aren’t messy and don’t require regular cleaning • Can heat a space relatively quickly • They have a flame, not quite that of a wood fire, but can be natural-looking • Relatively low running costs. Cons: • Dependent on if you have access to natural gas • It can be more expensive than electric to buy and install • You must use a professional to install as there are legalities around the installation and placement of units. Electric Pros: • Relatively inexpensive to buy and easier to install yourself • They aren’t messy and don’t require cleaning Cons: • Practicality. They create some ambience but aren’t effective if the purpose is to heat a space, especially a larger one • The flame isn’t real, and depending on the quality, it can look unrealistic Fireplaces are a worthwhile addition to a home and can add value, warmth and a luxurious feeling, just ensure you do your research and choose the best style for you and your lifestyle.
Couldn’t be happier “We just sold and could not be happier with the result achieved by Matt and his team. We found the whole process to be easy from the outset. Their communication was great, they were professional, open and honest and kept us in the loop throughout the entire campaign. I am a licensed agent myself and these guys know what they are doing! If you’re looking for an agent to sell, then don’t waste your time looking any further. Just give Matt and his team a call. They are fantastic.” JEREMY – VENDOR, 20C STONECROP ROAD, NORTH TURRAMURRA Tireless in his work “Matt was able to sell my apartment at the suburb record for a two bedder. It was just when interest rates went up and the federal election was three weeks away. Need I say more? He’s tireless and professional.” PHILIP – VENDOR, G03/19 TURRAMURRA AVENUE, TURRAMURRA Integrity and knowledge “From our first phone call, Matt communicated regularly and thoroughly and was always available with advice, suggestions and support during the recent sale of our home. He and his lovely team worked hard to find a buyer at a difficult time with atrocious weather, interest rate rise threats, a looming election and the war in Europe. I would definitely recommend Matt for his integrity, honesty and knowledge of the local market.” CATH - VENDOR, 16 AMAROO AVENUE, WAHROONGA Outstanding “This is the second time we have engaged Matt to sell our property and again it was a pleasure to work with him. Matt is thorough and knowledgeable, he and his team worked professionally together to secure the sale. The feedback and communication from Matt and his team was outstanding. Thoroughly recommend to any prospective seller or buyer.” JULIE, 2/44 KU-RING-GAI AVENUE, TURRAMURRA Matt Bolin Partner 0417 269 023 matt.bolin@raywhite.com A WORD FROM MY CLIENTS 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
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