QMR Neutral Bay - Quarter 2

Quarterly Market Report

Apartments and Townhouses - Neutral Bay

Quarter 2 - 2015

Welcome to our market report Neutral Bay showed some mixed growth results unlike Cremorne and Mosman who both outperformed their first quarters. Neutral Bay had fantastic growth in 2 bedroom apartments with an increase of 16.3%, making the average price for a 2 bedroom over $1m. Both 3 bedroom and 1 bedroom apartments had slowed growth, however this could be explained by significant increase in stock levels for this quarter compared to last.

In the second quarter (April to June), there were a total of 57 apartments/townhouses sold in Neutral Bay, with an average selling price of $939,670. When you compare it to Q1 of 2015, which was $825,482, this indicates a marked increase of $114,188.

The government is trying to slow growth down through the media by reporting on so called “property bubbles” and abolishing negative gearing, however the ripples from this do not appear evident yet and winter still remains the best time to sell. So if you are thinking about selling, now is a great time before the influx of spring properties come onto the market. More properties on the market in Spring traditionally soften prices due to more properties for buyers to choose from. We would love the opportunity to catch up in person and discuss your real estate plans.

Neutral Bay Statistics For the 12 months prior to June 2015, the industry’s average days on market for apartments/townhouses in Neutral Bay was 36.

Urban Living by LJH’s average days on market for Neutral Bay is just 20 for the same period.

Average price

Number sold

Difference from Q4, 2014

1 bed

$563,714

17

-$34,286

2 bed

$1,028,080

29

+$168,492

3 bed

$1,278,911

11

-$35,755

Average sales prices tracked over the last 12 months $950,000 $870,000 $790,000 $710,000 $630,000 $550,000 $470,000 $390,000 $310,000 $230,000 $150,000 Jun14 Jul 14

Aug 14 Sep 14 Oct 14 Nov 14 Dec 14

Neutral Bay

Jan 15 Feb 15 Mar 15 Apr 15 May 15

North Sydney LGA

Recent Sales Street Address

Beds

Baths

Cars

Price

12/24 Barry Street

1

1

1

$655,000

1/130 Ben Boyd Road

1

1

1

$575,000

3/185 Falcon Street

1

1

1

$467,000

23/107 Kurraba Road

1

1

1

$915,000

3/15 Premier Street

1

1

0

$530,000

602/1 Watson Street

1

1

1

$720,000

203/15 Wyagdon Street

1

1

1

$475,000

207/15 Wyagdon Street

1

1

1

$485,000

1/19 Young Street

1

1

1

$550,000

9/19A Young Street

1

1

1

$525,000

7/369 Alfred Street North

2

2

2

$1,017,000

35/439 Alfred Street North

2

1

1

$885,000

6/25 Barry Street

2

2

2

$1,310,000

28/37 Barry Street

2

1

1

$1,105,000

3/133 Ben Boyd Road

2

1

0

$862,500

4/192-198 Ben Boyd Road

2

2

1

$990,000

15/44 Bent Street

2

2

1

$1,650,000

30/44-50 Bent Street

2

1

1

$910,000

7/1-5 Bydown Street

2

1

1

$1,220,000

4/44 Harriette Street

2

1

0

$975,000

13/162-162A Kurraba Road

2

1

1

$1,210,000

2/16A Lower Wycombe Road

2

1

0

$915,000

19/11 Merlin Street

2

1

1

$725,000

23/156 Military Road

2

2

1

$812,000

24/4 Rangers Road

2

2

1

$1,210,000

10/17 Shellcove Road

2

1

1

$1,200,000

2/30 Undercliff Street

2

1

0

$855,000

15/50 Winter Avenue

2

2

0

$1,650,000

13/20 Yeo Street

2

2

1

$1,150,000

24/373 Alfred Street North

3

2

2

$1,210,000

9/143-155 Ben Boyd Road

3

2

1

$1,450,000

28/58 Kurraba Road

3

2

2

$1,715,000

11/10 Lindsay Street

3

1

2

$1,035,000

4/11 Merlin Street

3

1

1

$900,000

For a digital version of this report, please visit our website whyurbanliving.com

304/20 Young Street

3

2

1

$1,450,000

6/25 Barry Street

13/162 Kurraba Road

207/15 Wyagdon St

78/143 Kurraba Road

48/199-207 Alfred Military Road,North Neutral Bay 35/439-441 Street

Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales.

Why choose us?

“Sincere admiration & endorsement. Late last year (2014) I made contact with Urban Living

by LJH for the purpose of selling my property in Neutral Bay The sale was sensitive since my actual domicile is in Perth WA and I foresaw that communication might prove an irritant to all parties. I need not have worried. My first (of many) calls to the office was received with wonderful courtesy which set a pattern for the ensuing contacts throughout the period of planning. Ms. Rutledge and I struck a comfortable rapport in which she took infinite pains to explain the entire process including the contract protocols, the most suitable publicity procedure and offered sound advice on presentation and timing. I cannot speak more highly of the actual sales experience itself which comprised frequent reports including updates of interested parties and all aspects relating to the “home open” programme up to the time of sale - which, I am happy to say, was most expeditiously accomplished. Ms Clare Rutledge enjoys my sincere admiration and warmest endorsement.”

- Dr Atlas, Wyagdon “Many Thanks! I have been dealing with Jason on behalf of a family I have known for many years on the above property. The property exchanged late this afternoon. I would just like to say that dealing with Jason Passlow was an absolute joy. He was extremely professional at all times and kept me in the loop in order to assure and assist this couple in purchasing the property. It was fantastic to see how a member of the LJ Hooker team still operates compared to other agents. Geoff, you have built a great team of professional agents, and they all should be proud to be a Hooker agent. Please Congratulate Jason on a job well done, and Clare, I believe she assisted the buyers the other morning. All the best.”

- Lucette Downey, Spit Road

Contact your Urban Living Specialists Clare Rutledge 0422 004 825 crutledge@ljhooker.com Daniel Campbell 0432 736 745

Jason Passlow 0402 182 632 jpasslow@ljhooker.com

LJ Hooker House 102 Glover Street Mosman NSW 2088 9969 1500 mnb.ljhooker.com.au

dcampbell@ljhooker.com

Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.