Market update APRIL – JUNE 2025 Courtesy of Nathan Leuzzi & Dion Verzeletti Ray White Upper North Shore
Strong market performance amid national momentum As winter settles in, the Australian property market continues to perform, with Sydney house prices rising 1.0% in May to a median of $1,627,858. On the Upper North Shore, confidence is high following recent interest rate cuts, and we’re seeing steady demand push values higher in response to limited supply. Tight listings creating opportunity Despite a 19.5% month-on-month rise in Sydney listings during May, overall stock remains 3.0% lower than the same time last year. This ongoing shortage continues to create favourable selling conditions, as buyers compete for limited options. Nationally, auction clearance rates lifted to 69.7%, reinforcing the strength of current market activity. Buyer intent remains high Ray White auctions are recording strong engagement, with an average of 4.1 registered bidders per property and 68% actively participating. These figures reflect serious buyer intent and a willingness to act quickly when the right property hits the market — a trend driven by tight supply and renewed confidence. Market outlook: Winter into Spring The remainder of winter is expected to remain active, with demand outpacing supply across many segments. Interest rate cuts have improved conditions for buyers, and listing activity is likely to build as we head into spring. For sellers, there’s a valuable opportunity to get ahead of the seasonal uplift and take advantage of current market strength. If you’re thinking of selling, we use detailed buyer insights to drive competition and negotiate from a position of strength, so you get the best price. Scan the QR code to book your property appraisal now. Nathan Leuzzi Dion Verzeletti 0412 975 190 0413 753 695 nathan.leuzzi@raywhite.com dion.verzeletti@raywhite.com INSIDE THE MARKET: WINTER EDITION
FAST FACTS Source: Pricefinder 2025 HOUSES UNITS APR-JUNE 25 APR-JUNE 24 APR-JUNE 25 APR-JUNE 24 NORMANHURST $2,300,000 $2,765,000 $1,688,000 $1,490,000 THORNLEIGH $2,475,000 $3,100,000 $1,740,000 $1,430,000 WESTLEIGH $2,665,000 $2,400,000 - - PENNANT HILLS $3,300,000 $3,120,000 $1,260,000 $950,000 WEST PENNANT HILLS $4,150,000 $5,650,000 $1,900,000 $1,460,000 4. HIGHEST SALE PRICE HOUSES UNITS APR-JUNE 25 APR-JUNE 24 APR-JUNE 25 APR-JUNE 24 NORMANHURST $1,846,250 $1,913,000 $1,455,000 $1,315,000 THORNLEIGH $1,832,500 $1,911,000 $1,225,000 $800,000 WESTLEIGH $2,130,000 $2,015,000 - - PENNANT HILLS $1,884,000 $2,015,000 $832,500 $620,000 WEST PENNANT HILLS $2,788,000 $2,650,000 $1,730,000 $1,205,000 2. MEDIAN SALE PRICE HOUSES UNITS APR-JUNE 25 APR-JUNE 24 APR-JUNE 25 APR-JUNE 24 NORMANHURST $1,857,792 $2,037,786 $1,410,375 $1,159,000 THORNLEIGH $1,827,063 $1,954,944 $1,124,100 $843,380 WESTLEIGH $2,097,291 $2,048,929 - - PENNANT HILLS $1,957,929 $2,104,067 $826,188 $536,400 WEST PENNANT HILLS $2,750,359 $2,777,506 $1,686,667 $1,205,000 3. AVERAGE SALE PRICE HOUSES UNITS APR-JUNE 25 APR-JUNE 24 APR-JUNE 25 APR-JUNE 24 NORMANHURST 12 14 8 5 THORNLEIGH 22 18 15 25 WESTLEIGH 11 14 - - PENNANT HILLS 14 15 8 10 WEST PENNANT HILLS 43 48 6 2 1. NUMBER OF SALES
HIGHLIGHT SALES BY NATHAN LEUZZI & DION VERZELETTI STREET RECORD STREET RECORD SOLD $2,281,500 SOLD $2,575,000 SOLD $2,188,000 SOLD $2,041,000 Contact Agent SOLD $2,015,000 SOLD $1,862,000 SOLD $2,050,000 3 Morris Avenue, Thornleigh 9 Maralinga Place, West Pennant Hills 24a Thorn Street, Pennant Hills 61 Mount Pleasant Avenue, Normanhurst 24 New Farm Road, West Pennant Hills 11 Amber Close, Thornleigh 26 Bellevue Street, Thornleigh 48 Kooringal Avenue, Thornleigh 3 2 2 5 2 3 4 3 3 4 2 2 6 5 2 5 3 3 4 2 1 4 3 4 446sqm
WHY SELL WITH RAY WHITE UPPER NORTH SHORE? WHY SELL WITH RAY WHITE UPPER NORTH SHORE? Sales Volume Ray White Competitor 1 Competitor 2 Competitor 3 Competitor 4 0 200 400 600 800 1000 Sales Value Ray White Competitor 1 Competitor 2 Competitor 3 Competitor 4 $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 Source: CoreLogic Market Scorecard FY24-25 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 3,381 2,785 27,271 23,617 59 49 21 16 RAY WHITE UPPER NORTH SHORE MARKET AVERAGE Source: Domain published listings FY24-25
WE BRING THE WHOLE TEAM connect with 80,000+ buyers every weekend RAY WHITE VS COMPETITORS LISTING SHARE 2X CLOSEST COMPETITOR We bring scale We bring exposure We bring support We bring experience Our 17,600+ staff across 1000+ offices Ray White website visitors (annual) 3.7M #1 ‘googled’ brand Real estate’s Industry leading IT + Security team to keep your transaction safe 400+ corporate members Family owned and led We’re a 4th generation real estate family. Helping families sell homes is what we do. 123+ years experience Listing and selling properties Trusted We’ve been recognised as the most trusted brand in our category. WE BRING THE WHOLE TEAM When you list with Ray White Upper North Shore & Northern Beaches, your campaign is backed by Australia’s leading real estate network, combining unmatched local expertise with national reach, innovative marketing strategies and the most trusted brand in the industry. When you list with Ray White Upper North Shore & Northern Beaches, your campaign is backed by Australia’s leading real estate network, combining unmatched local expertise with national reach, innovative marketing strategies and the most trusted brand in the industry.
★★★★★ Impeccable service “After meeting Nathan, it was clear his market knowledge made it an easy choice for me to go with. His level of professionalism proved second to none, and he is always on time for appointments and provided me with reliable advice. Nathan’s reputation in the real estate business was clearly high and he did not disappoint. His reliability and expertise ensured a smooth home selling process, and I am beyond grateful for his services.” VENDOR – WEST PENNANT HILLS ★★★★★ Professional and knowledgeable “I cannot recommend Nathan more highly. He was very professional, but friendly and always available to answer questions about the sale of my property. His extensive knowledge of the area and the state of the market at the time of the sale was invaluable. He understood what my property was worth, and he managed to get that price for me.” VENDOR – PENNANT HILLS ★★★★★ Experienced and organised “Dion is super experienced and knows the market very well. He gave us valuable advice on every step of the sales process. He is organised and pays attention to details. The marketing strategy proves to be very efficient, Communication is great and the whole team is working together. He helped us to achieve a wonderful sale result. We highly recommend him for anyone who wants to sell.” VENDOR – WEST PENNANT HILLS ★★★★★ Honest, reliable, professional “Dion assisted in selling my house recently. From the very beginning it was a stress free, seamless operation. He was very honest and gave me support through the whole process. The communication was excellent. I believe the good price I received is directly attributed to Dion and his fantastic team. I would recommend him to anyone either buying or selling a home.” VENDOR – NORMANHURST A WORD FROM NATHAN & DION’S CLIENTS Nathan Leuzzi 0412 975 190 nathan.leuzzi@raywhite.com Dion Verzeletti 0413 753 695 dion.verzeletti@raywhite.com
Nathan and Dion proudly lead the largest selling team in the local area, combining deep market knowledge with a diverse group of skilled professionals committed to delivering exceptional service. Our team includes a dedicated Mandarin-speaking agent, ensuring clear and personalised communication with a broader range of clients in our vibrant community. With more sales in the 2120 postcode than any other team or agency, we offer unmatched reach and access to a vast network of active buyers. This proven success positions us as the leading choice for anyone looking to achieve outstanding results. Reach out to our friendly, professional team today to learn how to maximise your selling price. YOUR LOCAL PROPERTY EXPERTS 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
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