Market update OCTOBER - DECEMBER 2024 Courtesy of Amy Kaslar Ray White Upper North Shore
As we step into 2025, Sydney’s real estate market finds itself navigating a dynamic period of recalibration and opportunity. The spring selling season of 2024, traditionally a peak time for selling, proved challenging, with national sales volumes sitting at 4% below the five-year average. Sydney stood out as a key underperformer, with sales volumes dropping 15.1% below historical trends, according to CoreLogic. Increased stock levels and cautious buyer sentiment extended median selling times to 32 days, up from 27 days in 2023. Yet, there were moments of resilience. The national median dwelling price reached a historic high of $800,000 in November, per Reb, underscoring the ongoing demand for housing despite affordability pressures. On the rental side, the once-rapid growth tempered to an annual increase of 5.3%, the slowest pace since April 2021, reflecting shifting household dynamics and stretched affordability. Looking ahead, 2025 is expected to bring gradual market adjustments. Analysts suggest that Sydney prices could decline by 1-5%, offering some relief to buyers, especially if anticipated interest rate cuts materialise mid-year. The easing of mortgage stress and an upswing in building approvals, which hit a 22-month high in late 2024, signaling potential stabilisation. For sellers, adapting to heightening competition and strategic pricing will be key to success in this evolving market. As the year unfolds, Sydney’s real estate market is poised for a blend of challenges and opportunities, providing a promising backdrop for buyers, sellers, and investors ready to navigate this new landscape. Amy Kaslar 0438 404 444 amy.kaslar@raywhite.com Proudly sponsored by Amy Kaslar Thornleigh Thunder FC Hornsby Ku-Ring-Gai Spiders Thornleigh West Public School REFLECTING ON 2024 AND SETTING THE STAGE FOR 2025
FAST FACTS WESTLEIGH AND THORNLEIGH Source: Pricefinder 2024 WESTLEIGH THORNLEIGH 75% 66% 5. AUCTION CLEARANCE RATE (LAST 6 MONTHS) HOUSE OCT - DEC 2024 OCT - DEC 2023 WESTLEIGH $2,532,000 $2,280,000 THORNLEIGH $2,880,000 $2,610,000 4. HIGHEST HOUSE SALE PRICE HOUSE OCT - DEC 2024 OCT - DEC 2023 WESTLEIGH $1,835,000 $1,940,000 THORNLEIGH $1,872,500 $1,920,000 2. MEDIAN HOUSE SALE PRICE HOUSE OCT - DEC 2024 OCT - DEC 2023 WESTLEIGH $1,995,125 $1,904,231 THORNLEIGH $1,861,967 $1,930,458 3. AVERAGE HOUSE SALE PRICE 1. HOUSE OCT - DEC 2024 OCT - DEC 2023 WESTLEIGH 12 13 THORNLEIGH 30 24 NUMBER OF HOUSE SALES
HIGHLIGHT SALES BY AMY KASLAR SOLD $2,500,000 SOLD $2,227,500 SOLD $2,070,000 SOLD $1,800,000 SOLD $1,850,000 SOLD $1,770,000 SOLD $1,820,000 SOLD $2,100,000 SOLD $1,817,000 SOLD $1,880,000 216C Quarter Sessions Road, Westleigh 12 The Sanctuary, Westleigh 12 Roses Run, Westleigh 29A Quarter Sessions Road, Westleigh 8 Coora Road, Westleigh 40 Quarter Sessions Road, Westleigh 239 Quarter Sessions Road, Westleigh 44 Hillmont Avenue, Thornleigh 137 Duffy Avenue, Westleigh 8/37 Sefton Road, Thornleigh 5 3 2 4 2 2 3 2 2 1 4 4 2 2 1 2 4 4 2 2 2 2 4 3 2 1 1 2 4 4
WHY SELL WITH RAY WHITE UPPER NORTH SHORE? 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 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
Address Bed Bath Car Area sqm Sale Price Sale Date 6 Akoonah Close 3 2 4 1,022 $1,665,000 10/10/24 239 Quarter Sessions Road 4 3 2 703 $1,820,000 18/10/24 29a Quarter Sessions Road 3 2 2 312 $1,800,000 20/10/24 12 The Sanctuary 4 2 2 346 $2,227,500 23/10/24 108 Duneba Drive 4 3 2 696 $1,810,000 25/10/24 48 Duneba Drive 4 2 2 696 $1,940,000 26/10/24 7 Euroka Road 4 2 2 696 $2,532,000 02/11/24 2 Howes Close 7 5 2 794 $2,225,000 21/11/24 216c Quarter Sessions Road 5 3 2 1,328 $2,500,000 22/11/24 8 Coora Road 4 2 1 712 $1,850,000 04/12/24 137 Duffy Avenue 4 2 1 696 $1,817,000 11/12/24 40 Quarter Sessions Road 4 1 2 695 $1,770,000 11/12/24 71 The Sanctuary 3 2 2 296 $1,755,000 14/12/24 A SELECTION OF RECENT SALES WESTLEIGH Address Bed Bath Car Area sqm Sale Price Sale Date 76 Dartford Road 5 3 2 861 $2,880,000 1/10/24 4B Handley Avenue 4 2 2 757 $2,050,000 5/10/24 32 Tillock Street 4 2 2 1,119 $2,000,000 5/10/24 23 Yaralla Crescent 5 2 2 1,107 $1,865,000 8/10/24 12 Goodlands Avenue 4 2 1 713 $2,050,000 12/10/24 31 Bellevue Street 4 2 3 604 $2,150,000 19/10/24 25 Yaralla Crescent 4 2 2 955 $1,650,000 19/10/24 40 The Esplanade 5 3 1 749 $2,240,000 25/10/24 14 Thorneligh Street 3 1 1 446 $1,585,000 26/10/24 4 Talpa Close 4 3 1 942 $2,200,000 29/10/24 10 Wareemba Avenue 4 2 4 740 $1,800,000 6/11/24 41 Adamson Avenue 3 1 2 746 $1,731,000 7/11/24 23 Trelawney Street 3 2 2 677 $1,733,000 9/11/24 44 Hillmont Avenue 4 2 1 746 $,2,100,000 13/11/24 127 Kooringal Avenue 5 3 2 923 $2,310,000 16/11/24 14 Tillock Street 4 2 2 1,650 $2,435,000 16/11/24 47b The Esplanade 3 1 1 354 $1,405,000 30/11/24 71 Kooringal Avenue 4 1 2 923 $1,900,000 6/12/24 38 Goodlands Avenue 3 2 1 713 $2,082,000 7/12/24 30 Janet Avenue 3 1 1 797 $1,890,000 7/12/24 THORNLEIGH
Thinking of selling your house? A well-presented home can be the difference between a good price and a great price, but no one wants to spend money on big changes. Luckily, there are some great ways to add value to your home without breaking the bank. Here are some effective, economical tips to increase your home's appeal and value. Refresh with Paint: Painting fences and outdoor areas can dramatically improve your home's appearance. Choose neutral or dark colours for fences to make gardens seem larger. Concrete paint for driveways or under-house areas is an affordable upgrade. Greenery and Gardens: Trim hedges for privacy, especially near neighbours. Plant fastgrowing, evergreen plants like Lilly pillies for an attractive, low-maintenance hedge. Enhance the entrance with attractive pavers and garden beds. Budget Bathroom Updates: Rather than a full renovation, focus on affordable updates. In the bathroom, update floor and wall tiles, add a new shower screen, vanity, lights and taps. These changes can significantly increase your home's value for a modest investment. Outdoor Enhancements: Refresh decks by sanding or re-oiling. Adding an outdoor entertainment area, like a kitchen or BBQ space, can be a valuable addition, especially for enjoying time with family and friends. Avoiding Renovation Mistakes: When considering renovations, decide if they're for longterm enjoyment or immediate resale. Consult a real estate agent for advice on renovations that offer the best return on investment. This will help avoid overcapitalising, ensuring your renovations align with the average sale price in your area. ENHANCING YOUR HOME'S VALUE BEFORE SELLING ENHANCING YOUR HOME’S VALUE BEFORE SELLING Thinking of selling your house? A well-presented home can be the difference between a good price and a great price, but no one wants to spend money on big changes. Luckily, there are some great ways to add value to your home without breaking the bank. Here are some effective, economical tips to increase your home's appeal and value. Refresh with Paint: Painting fences and outdoor areas can dramatically improve your home's appearance. Choose neutral or dark colours for fences to make gardens seem larger. Concrete paint for driveways or under-house areas is an affordable upgrade. Greenery and Gardens: Trim hedges for privacy, especially near neighbours. Plant fastgrowing, evergreen plants like Lilly pillies for an attractive, low-maintenance hedge. Enhance the entrance with attractive pavers and garden beds. Budget Bathroom Updates: Rather than a full renovation, focus on affordable updates. In the bathroom, update floor and wall tiles, add a new shower screen, vanity, lights and taps. These changes can significantly increase your home's value for a modest investment. Outdoor Enhancements: Refresh decks by sanding or re-oiling. Adding an outdoor entertainment area, like a kitchen or BBQ space, can be a valuable addition, especially for enjoying time with family and friends. Avoiding Renovation Mistakes: When considering renovations, decide if they're for longterm enjoyment or immediate resale. Consult a real estate agent for advice on renovations that offer the best return on investment. This will help avoid overcapitalising, ensuring your renovations align with the average sale price in your area. ENHANCING YOUR HOME'S VALUE BEFORE SELLING
A truly wonderful agent “Throughout our home selling campaign Amy was incredibly communicative and with Emily, kept us informed and made the whole process easy. They promptly answered calls and emails keeping us informed about every detail. Your knowledge and expertise made the process smooth and easy to understand for us. We are very happy with the whole process.” VENDOR - 8 COORA ROAD, WESTLEIGH The Westleigh expert “Having previously sold and bought houses with Amy, we knew she was who we wanted as THE Westleigh expert. We appreciated her communication and dedication to getting the best outcomes for all parties. Thanks Amy. And thanks Emi. And thanks Clare - a great team.” VENDOR - 216C QUARTER SESSIONS ROAD, WESTLEIGH Leading suburb agent “Amy, Emily, and the team have done an amazing job with our campaign achieving an equally amazing outcome. Amy’s knowledge & network is unparalleled, being by far the recommended agent.” VENDOR - 12 ROSES RUN, WESTLEIGH Dream team “As soon as I met Amy I knew I wanted her to sell our house. She has such a vibrant and positive energy that couldn’t be matched. Working with Amy and her team was an absolute dream. They were so efficient and sold our house in ten days for a phenomenal price that was above our expectation. I found Amy to be hard working, very knowledgeable, a good communicator, authentic and trustworthy.” VENDOR - 44 HILLMONT AVENUE THORNLEIGH A WORD FROM MY CLIENTS Amy Kaslar 0438 404 444 amy.kaslar@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 Suburb Winner 2018, 2019, 2020, 2021, 2022, 2023, 2024.
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