LJ Hooker Lower North Shore Quarterly Market Report

QUARTERLY market REPORT

SALES FOR APRIL, MAY AND JUNE 2016

by OUR LJ Hooker LNS

Quarterly Market Report

recent SALES

Unit 09/68-70 Chandos Street, St Leonards

2/83 Grasmere Road, Cremorne

Unit 03/68-70 Chandos Street, St Leonards

Unit 1/11 Langley Avenue, Cremorne

Unit 04/68-70 Chandos Street, St Leonards

Unit 303/21 Parraween Street, Cremorne

28 Falcon Street, Crows Nest

Unit 102/59 Parraween Street, Cremorne

101 West Street, Crows Nest

Unit 204/21 Parraween Street, Cremorne

114 Mowbray Road, Willoughby

4/116 Milson Road, Cremorne Point

4 Warung Street, McMahons Point

11 Illiliwa Street, Cremorne

Shop 2/96 Alfred Street, Milsons Point

12 Langley Avenue, Cremorne

807/15 Wyagdon Street, Neutral Bay

53 Reynolds Street, Cremorne

3/21 Lower Wycombe Road, Neutral Bay

7 Florence Street, Cremorne

3/6 Montpelier Street, Neutral Bay

19-21 Kareela Road, Cremorne

26/95a Ridge Street, North Sydney

12/15 Morden Street, Cammeray

2010/77 Berry Street, North Sydney

14/15 Morden Street, Cammeray

5/27 Moruben Road, Mosman

Unit 307/467 Miller Street, Cammeray

14/33 Moruben Road, Mosman

Unit 207/467 Miller Street, Cammeray

7/23 Warringah Road, Mosman

Unit 306/467 Miller Street, Cammeray

43 Awaba Street, Mosman

Unit 107/467 Miller Street, Cammeray

22/190 Spit Road, Mosman

Unit 206/467 Miller Street, Cammeray

603/38 Alfred Street, Mosman

Unit 203/467 Miller Street, Cammeray

55 Rosebery Street, Mosman

Unit 202/467 Miller Street, Cammeray

30 Spit Road, Mosman

Unit 302/467 Miller Street, Cammeray

Sale 2/30 Spit Road, Mosman

Unit 103/467 Miller Street, Cammeray

1/11 Royalist Road, Mosman

Unit 303/467 Miller Street, Cammeray

89 Awaba Street, Mosman

Unit 102/467 Miller Street, Cammeray

83 Spencer Road, Mosman

207/7-9 Abbott Street, Cammeray

8/2a Brady Street, Mosman

Unit 101/467 Miller Street, Cammeray

24 Gordon Street, Mosman

Unit 104/467 Miller Street, Cammeray

2/647 Military Road, Mosman

Unit 204/467 Miller Street, Cammeray

11 Wunda Road, Mosman

Unit 201/467 Miller Street, Cammeray

7 Royalist Road, Mosman

Unit 308/467 Miller Street, Cammeray

47 Spencer Road, Mosman

Unit 105/467 Miller Street, Cammeray

Unit 1/2-4 Lavoni Street, Mosman

Unit 301/467 Miller Street, Cammeray

4 Noble Street, Mosman

Unit 205/467 Miller Street, Cammeray

4/38 Parriwi Road, Mosman

Unit 208/467 Miller Street, Cammeray

3 Kahibah Road, Mosman

Unit 304/467 Miller Street, Cammeray

Penthouse 02, 28 Muston Street, Mosman

Unit 305/467 Miller Street, Cammeray

8/647 Military Road, Mosman

82a Amherst Street Street, Cammeray

28 Kardinia Road, Mosman

Unit 17/289-291 Miller Street, Cammeray

Unit 103/59 Parraween Street, Cremorne

19 Rowlison Parade, Cammeray

7/78 Spofforth Street, Cremorne

6 Lumsden Street, Cammeray

Auction Clearance Rate LJH LNS

95%

Welcome Hello and welcome to the latest LJ Hooker Quarterly Market Report.

After the unprecedented growth in median prices in 2015, many were expecting softer market conditions this year - not so! For the June ¼ our area has again experienced exceptional clearance rates (eg; family homes - 92% clearance at auction), whilst the prestige market (both apartments and houses), was also very buoyant.

What’s driving this continued strength? Low stock levels and record low interest rates.

Take our recent sale of 82a Amherst Cammeray. 239 buyers visited this home before it’s June 9 auction. (Sold under the hammer for $1.5m – a suburb record of $20,000 per sqm for an existing residential house).

And what about the sale of 2/83 Grasmere Road Cremorne. 212 buyers visited this gorgeous art deco apartment. (Another strong under the hammer sale for a record price of $950,000!)

2 recent Mosman house sales give further evidence of this continued strength. A home we sold on Wunda Rd produced a $700k + gain in only 4 years with no structural changes, whilst a home on Medusa St realised a 24% gain with no improvements at all in only 24 months.

THE lifestyle LIST

Tips for the Upcoming Selling Season

Stay in touch: ensure we are aware of your buying criteria and don’t be shy about calling us regularly. Here at LJ Hooker Lower North Shore we pride ourselves on a well-managed and interactive database and we love to talk with our buying clients regularly

Research: See as many properties as you can – become an expert in your area so you can bid with confidence to your well researched limit

Call or email anytime should you need assistance or advice, we are here to help!

LJ Hooker Lower North Shore 9969 1500 mosman@ljhooker.com

Lower North Shore Auction Night 25th August 2016 With the selling season in full swing our August 25th Winter Edition Auction Night will be the perfect event for those looking to showcase their property.

Auction has never been more effective and it’s time to capitalise on this opportunity.

Act now and capitalise on record low stock levels and increased buyer competition, call one of our experienced sale professionals today. mosman@ljhooker.com 02 9969 1500

33

Cammeray Year by year % of growth HOUSES

2012

2013

- 8% - 8%

Year by year % of growth UNITS

19%

15%

16%

1%

1%

14%

13%

15%

2014

2015

2016

2012

2013

2014

2015

2016

Quarterly results Number of SALES

Lowest vs Highest SALES

33

$2,320,000

Average rent HOUSES

Average rent UNITS

$4,200,000

HOUSES $350,000

$2,525,000

$950 per week

$600 per week

UNITS

Cremorne Year by year % of growth HOUSES

2013

32%

6%

- 3%

2014

2015

2012

- 7%

Year by year % of growth UNITS

4% 2016

2%

2%

18%

7%

14%

2012

2013

2014

2015

2016

Quarterly Market Report

Quarterly results Number of SALES

52

Lowest vs Highest SALES $1,875,000

Average rent HOUSES

Average rent UNITS

$2,255,000

HOUSES $335,000

$2,280,000 UNITS

$1,075 per week

$600 per week

Cremorne Point Year by year % of growth HOUSES

2012

2013

- 7% - 3%

32%

6%

2014

2015

Year by year % of growth UNITS

4% 2016

2%

2%

18%

7%

14%

2012

2013

2014

2015

2016

Quarterly results Number of SALES

Lowest vs Highest SALES

11

$2,800,000

Average rent HOUSES

Average rent UNITS

$6,512,500

HOUSES $720,000

$1,725,000

$1,900 per week

$750 per week

UNITS

Kirribilli Year by year % of growth HOUSES

Year by year % of growth UNITS

1%

2013

19%

13%

10%

2%

2013

2012

- 11%

2014

2015

2016

2012

-6%

20%

8%

16%

2014

2015

2016

Quarterly results Number of SALES

Lowest vs Highest SALES

Average rent HOUSES

Average rent UNITS

10 $760,000

$3,120,000

$1,200 per week

$640 per week

UNITS

5

McMahons Point Year by year % of growth HOUSES

2012

2013

- 1% - 9%

Year by year % of growth UNITS

14%

17%

18%

2014

2015

2016

6% 2012

5%

2013

2014

-6%

15%

25%

2015

2016

Quarterly results Number of SALES

Lowest vs Highest SALES

10

$2,036,000

Average rent HOUSES

Average rent UNITS

$3,975,000

HOUSES $605,000

$2,250,000

$1,100 per week

$590 per week

UNITS

Milsons Point Year by year % of growth HOUSES

4%

2013

2012

- 6%

Year by year % of growth UNITS

12%

12%

18%

1%

0%

20%

2014

2015

2016

2012

2013

2014

Quarterly Market Report

Quarterly results Number of SALES

Lowest vs Highest SALES

Average rent UNITS

5 $1,215,000

$4,600,000

UNITS

$720 per week

4% 2015

16% 2016

Mosman Year by year % of growth HOUSES

2012

2013

- 12% - 13%

Year by year % of growth UNITS

28%

9%

20%

0%

1%

18%

6%

14%

2014

2015

2016

2012

2013

2014

2015

2016

Quarterly results Number of SALES

Lowest vs Highest SALES

116

$1,640,000

Average rent HOUSES

Average rent UNITS

$12,000,000

HOUSES $240,000

$2,855,000

$1,600 per week

$575 per week

UNITS

Neutral Bay Year by year % of growth HOUSES

2012

2013

- 12% - 13%

Year by year % of growth UNITS

28%

9%

20%

0%

1%

18%

6%

14%

2014

2015

2016

2012

2013

2014

2015

2016

Quarterly results Number of SALES

38

Lowest vs Highest SALES $1,311,000

Average rent HOUSES

Average rent UNITS

$3,750,000

HOUSES $485,000

$3,775,000

$950 per week

$570 per week

UNITS

7

Our Recommended Suppliers

Sydney Conveyancing Company Chris Smith and Lauren Haines are in the know when it comes to helping you through what can often be a daunting process. This combination of 20 years’ experience and a vast knowledge in Conveyancing, merged with over 10 years’ experience in the real estate industry provides a key point of difference for sellers, buyers and estate agents throughout the transaction.

Their unique point of difference adds another dimension to the service provided by Chris Smith and the team at Sydney Conveyancing Company, and makes their team the perfect choice for all of your conveyancing needs.

Christopher Smith P 02 8404 9300 E chris@sydcc.com.au License Number: 1027095

The Property Inspectors We offer a wide variety of reports to cover your specific needs. Before committing to buying a new home or paying a building contractor for works carried out you should talk to us.

Quarterly Market Report

If you are buying, Selling, Building or Renovating you should consider one of the following reports; • Pre Purchase Building & Pest + Plumbing & Electrical + Pool assessments • Strata Reports • New Construction – Defect reports / Engineering advice / Certification The Property Inspectors’ reports will ensure you’re fully aware of the condition of the property so you can make informed decisions.

Call Emilio Calandra or his team today for your quote.

P 91815989 M 0411 880 588 W admin@thepropertyinspectors.com.au

Glenco Glenco Electrical are a Sydney based company that specialise in providing a reliable, trustworthy, and affordable service to their customers. They know how important it is to provide a fast and efficient service.

For the team of trained and highly skilled electricians at Glenco there’s no job too big or too small. Glenco cover everything from lighting installations and repairs, to rewiring properties.

If you are looking for an electrician in Sydney then we are confident Glenco will be able to help you.

P 02 9700 9996 E service@glenco.com.au W glenco.com.au

CLI F F ORD RESIDENC ES MOSMAN BAY

THE PINNACLE OF WATERFRONT LIVING OVERSIZED THREE BEDROOM + STUDY APARTMENTS A sophisticated revival of Mosman Bay’s past, ‘Clifford Residences’ is the newest addition to the shoreline of Sydney Harbour with uninterrupted Harbour views towards Cremorne Point and the city skyline.

A collection of 4 residences, one per level, incorporating elegant interiors, expansive floorplans, entertaining terraces, private jetty and level lift access from private parking.

A location impossible to replicate.

- COMING SOON - REGISTER YOUR INTEREST

TIM ABBOTT | P 9969 1500

THE PINNACLE OF WATERFRONT LIVING OVERSIZED THREE BEDROOM + STUDY APARTMENTS A sophisticated revival of Mosman Bay’s past, ‘Clifford Residences’ is the newest addition to the shoreline of Sydney Harbour with uninterrupted Harbour views towards Cremorne Point and the city skyline.

A collection of 4 residences, one per level incorporating elegant interiors, expansive floorplans, entertaining terraces, private jetty and level lift access from private parking.

A location impossible to replicate.

- COMING SOON REGISTER YOUR INTEREST

TIM ABBOTT 9969 1500

Our Recommended Suppliers

Super Plumbers Super Plumbers is your local plumber for all your maintenance needs. Leaking taps and toilets, blocked sewers, broken hot water systems, blocked pipes, gas installs, drain inspections and anything in between. Super plumbers provides a friendly and efficient service and an emergency service when required.

Ian Madsen M 0413 373 314 E ian@superplumbers.net.au

Audio Visual Sound and Image Installations was founded over 20 years ago when we identified that setting up and optimising complex AV equipment was beyond the capability or desire of many people. Whether it’s wall mounting tvs, multi-room video and music streaming, wifi-networks or master remote controls we pride ourselves on neat installations, relocations and simple instruction and support.

Don’t DIY, make technology work for you – call 1300 AV4You. P 1300 284 968 W av4you.com.au

Quarterly Market Report

WHAT’S ON Mosman Youth Art Prize 2016 driven

by Audi Centre Mosman

Pets Day Out 2016

Barefoot in the park, Feat. Georgie Parker – Ensemble theatre

2016 Blackmores Sydney Running Festival

• Saturday 9 July – Sunday 7 August 2016 • 10.00am – 5.00pm • Mosman Art Gallery & Community Centre. Corner Art Gallery Way & Myahgah Road, Mosman • Free

• August 25th– October 8th • See Ensemble Theatre site for times • Ensemble Theatre, Kirribilli

• Sunday 28th August • 10am – 2pm • Mosman Square and Village green • Free

• Bradfield Park, Alfred Street South Kirribilli • Sunday 18th September • 6am – 2pm • See Sydney Running Festival site for more details

YOUR local EXPERTS

Geoff Smith

Richard Harding

Bernard Ryan

Scott Stephens

Tim Abbott

Amy Pfeiffer

Sam Cameron

Anthony Cowie

Colin Craig

Lesley Crawford

Chris Girling

Clare Passlow

Jason Passlow

Karen Roberts

Cameron Scott

Sonia Tam

Margaret Woo

Jeremy Martin

Dara Bridgewater

Jake Wilson

11

Disclaimer: The information contained in this spread is of a general nature and has been sourced by LJ Hooker Lower North Shore from Residex and APM PriceFinder.

Whilst this information has been carefully compiled, LJ Hooker provides no warranty or promise as to its correctness or reliability. Sales information is based on exchanged sales.

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more visitors to your open home

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than advertising online alone.

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