Market update JANUARY - MARCH 2025 Courtesy of Scott Phillips 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. Scott Phillips 0402 272 575 scott.p@raywhite.com YOUR LOCAL MARKET UPDATE
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 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 and competition for your property.
HIGHLIGHT SALES BY TEAM PHILLIPS 22 Lennox Street, Gordon 14 Quebec Avenue, Killara 37 Carlotta Avenue, Gordon 19 McIntosh Street, Gordon 49 Stanhope Road, Killara 31 Norfolk Street, Killara SOLD $4,200,000 SOLD $3,955,000 SOLD $4,300,000 SOLD $5,200,000 SOLD $7,180,000 SOLD $4,020,000 STREET RECORD 4 2 2 5 3 2 4 2 2 5 2 2 4 3 4 5 3 1
Sale Date Address Sale Price Area sqm Bed Bath Car Killara 31/1/25 5 Illeroy Avenue $4,250,000 999 5 3 3 7/2/25 21b Wattle Street $3,400,000 549 4 3 2 13/2/25 72 Spencer Road $3,330,000 1,220 4 4 0 19/2/25 53a Stanhope Road $6,150,000 1,738 4 2 2 21/2/25 8 Grassmere Road $5,250,000 1,996 5 3 2 22/2/25 2 Ellsmore Avenue $2,850,000 759 4 2 1 22/2/25 19 Eustace Parade $3,500,000 698 4 2 2 6/3/25 65 Stanhope Road $5,020,000 1,220 4 2 2 6/3/25 1 Kylie Avenue $4,100,000 948 3 2 2 7/3/25 21a Illeroy Avenue $2,870,000 348 4 2 1 8/3/25 8 Elva Avenue $6,000,000 859 5 3 2 20/3/25 13-15 Fairlight Avenue $7,000,000 2,030 4 3 4 22/3/25 14 Quebec Avenue $3,955,000 920 5 2 2 22/3/25 5 Frederick Street $3,500,000 698 4 2 2 29/3/25 8a Wattle Street Undisclosed 1,827 5 4 4 Gordon 13/1/25 20 Highlands Avenue $7,880,000 3,871 5 3 4 22/2/25 22 Lennox Street $4,200,000 809 4 2 1 22/3/25 5 Cawarra Place $3,200,000 942 5 3 2 27/3/25 18 Lennox Street $7,800,000 1,300 6 6 2 29/3/25 75 St Johns Avenue $3,250,000 550 3 2 2 29/3/25 37 Carlotta Avenue $4,300,000 796 4 2 2 A SELECTION OF RECENT SALES KILLARA AND GORDON
Professional and patient “Scott and his team were terrific. They worked tirelessly for both Mario and I and we were delighted with the outcome. At all times they showed professionalism and patience. They listened to any concerns we had and took the time to explain the whole sale/auction process which was quite daunting. They became temporarily part of the family. Thank you Scott and the whole Ray White team.” - VENDORS OF 22 LENNOX STREET, GORDON Excellent in selling our house “Scott Phillips and his team were always charming and professional in assisting in selling our house. Scott communicated his knowledge of the market succinctly. We always felt confident with Scott at the helm.” - VENDORS OF 6 GRASSMERE ROAD, KILLARA Excellent agent “A huge shoutout to Scott Phillips for his outstanding service and dedication. His expertise, professionalism and commitment made the selling process smooth and stress-free. If you’re looking for a top-notch real estate agent in the Upper North Shore, Scott is the one to call.” - VENDORS OF 14 QUEBEC AVENUE, KILLARA A WORD FROM MY CLIENTS Scott Phillips Sales 0402 272 575 scott.p@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 I am honoured to receive Killara Sales Agent of the Year for the 6th year. Open to all agents, this award recognises the agent receiving the highest number of 5 star vendor reviews in Killara.
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