Cherrybrook Market Update Q3 FY24-25 Courtesy of Sarah Sibtain Ray White Upper North Shore
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. YOUR LOCAL MARKET UPDATE Sarah Sibtain 0450 035 253 sarah.sibtain@raywhite.com #1 International Business in the Ray White Group #1 NSW Ray White Office
HIGHLIGHT SALES IN CHERRYBROOK 5 Chapel Close, Cherrybrook 17 Cannan Close, Cherrybrook SOLD $3,300,000 SOLD $2,925,000 5 3 2 5 3 2 18 Neale Avenue, Cherrybrook 48 Robert Road, Cherrybrook SOLD $2,850,000 SOLD $2,850,000 4 2 2 5 3 2 4 Brunel Close, Cherrybrook 16 Trinity Place, Cherrybrook SOLD $2,755,000 SOLD $2,670,000 4 3 2 4 2 2 10 Paxton Crescent, Cherrybrook 6 Melissa Place, Cherrybrook SOLD $2,500,000 SOLD $2,480,000 4 2 2 5 3 2 7 The Cloisters, Cherrybrook 4 Ash Street, Cherrybrook SOLD $2,560,000 SOLD $2,545,000 4 3 2 6 4 2 *not all properties shown sold by Ray White Upper North Shore
PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE Curb Appeal: Utilise the natural beauty of autumn foliage to enhance your property's curb appeal. The cooler months can be a great time to sell your home, offering unique advantages. Here are some tips for making a sale in either autumn or winter: Focusing on these aspects can help sell your home effectively in autumn or winter, leveraging the season's unique selling points. Reach out my team today to learn how to maximise your selling price. Maintain Exterior: Keep up with lawn maintenance, rake leaves regularly, and ensure pathways are clear and well-lit. Enhance Outdoor Spaces: Make your garden appealing with simple updates and demonstrate how outdoor areas can be enjoyed year-round, possibly adding features like fire pits or outdoor heaters. Warmth: Keep your home warm during opens inspections, so your home feels inviting to prospective buyers. PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE Curb Appeal: Utilise the natural beauty of autumn foliage to enhance your property's curb appeal. The cooler months can be a great time to sell your home, offering unique advantages. Here are some tips for making a sale in either autumn or winter: Focusing on these aspects can help sell your home effectively in autumn or winter, leveraging the season's unique selling points. Reach out my team today to learn how to maximise your selling price. Maintain Exterior: Keep up with lawn maintenance, rake leaves regularly, and ensure pathways are clear and well-lit. Enhance Outdoor Spaces: Make your garden appealing with simple updates and demonstrate how outdoor areas can be enjoyed year-round, possibly adding features like fire pits or outdoor heaters. Warmth: Keep your home warm during opens inspections, so your home feels inviting to prospective buyers. PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE
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