Aaron Bird | 2021-2022 Financial Blakehurst Report

BLAKEHURST EDITION

2021-2022 Financial Blakehurst Report Aaron Bird

A word from Aaron Bird Again it's been a rollercoaster year in terms of property.

It may seem like a lifetime ago but the first part of the 2022 financial year we were actually in lock down. Despite the Georges River Council being categorised as high risk we were still able to market and sell homes during this period.

Reflecting on this period it was actually a wonderful time as families had far more time to consider their situation and what was important. Many came to the conclusion they would like to upgrade their current home and what transpired was a buyer frenzy with demand sky rocketing, coupled with low supply meant a sharp incline in property prices.

Blakehurst reaped the benefits of the high buyer demand and we saw the median house price increase by an incredible 34% over the financial year.

How quickly conditions changed and with the Reserve Bank raising interest rates to control inflation we have seen buyer sentiment fall significantly and the market enter into a correction phase. Just how much of a correction we will see over the coming year is still a topic of hot debate with the latest experts indicating 15% possibly 20%. Although this sounds like a lot, if you take into account the capital growth over the last few years most home owners will still be a long way ahead of where they were five years ago.

Recent ​ sales in Blakehurst No

Address

Bed Bath Car

1

16 Townson Street, Blakehurst

5

6

2

165 Stuart Street, Blakehurst

5

6

Date

Price

6

4/05/22

$8,500,000

2

2/10/21

$7,250,000

_________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________

3

209 Stuart Street, Blakehurst

4

6

4

14/05/22

$7,200,000

_________________________________________________________________________________________________________________________

4

8 Beach Street, Blakehurst

4

3

5

5/07/21

$6,650,000

_________________________________________________________________________________________________________________________

5

12 Townson Street, Blakehurst

6

4

2

2/12/21

$6,605,000

_________________________________________________________________________________________________________________________

6 ​

36 Beach Street, Blakehurst

4

3

2

26/11/21

$5,875,000

_________________________________________________________________________________________________________________________

7

128 Stuart Street, Blakehurst

5

6

3

20/06/22

$5,718,001

_________________________________________________________________________________________________________________________

8

22 Pleasant Way, Blakehurst

5

4

2

27/09/21

$5,500,000

_________________________________________________________________________________________________________________________

9

4-6 Fletcher Avenue, Blakehurst

5

3

4

27/08/21

$5,450,000

_________________________________________________________________________________________________________________________

10

30 Pleasant Way, Blakehurst

5

4

2

7/07/21

$5,301,000

_________________________________________________________________________________________________________________________

11

2/2 Townson Street, Blakehurst

3

4

8

16/07/21

$4,680,000

_________________________________________________________________________________________________________________________

12

85 Terry Street, Blakehurst

5

5

4

19/04/22

$4,331,000

_________________________________________________________________________________________________________________________

13

1/2 Townson Street, Blakehurst

4

4

2

16/07/21

$4,320,000

_________________________________________________________________________________________________________________________

14

39 Townson Street, Blakehurst

5

7

3

6/08/21

$4,300,000

_________________________________________________________________________________________________________________________

15

7 River Street, Blakehurst

5

5

3

14/12/21

$4,180,000

_________________________________________________________________________________________________________________________

16

44 Gold Street, Blakehurst

5

4

4

23/10/21

$3,760,000

_________________________________________________________________________________________________________________________

17

65 Terry Street, Blakehurst

6

2

2

26/03/22

$3,685,000

_________________________________________________________________________________________________________________________

18

14 Wentworth Street, Blakehurst

5

4

4

1/07/21

$3,675,000

_________________________________________________________________________________________________________________________

19

27 Walton Street, Blakehurst

6

4

2

22/04/22

$3,650,000

_________________________________________________________________________________________________________________________

20

23 Grenfell Street, Blakehurst

5

4

2

4/12/21

$3,600,000

_________________________________________________________________________________________________________________________

​ RP Data

Recent ​ sales in Blakehurst No

Address

Bed Bath Car

21

10 Walton Street, Blakehurst

6

4

22

7 Townson Street, Blakehurst

3

2

Date

Price

2

21/05/22

$3,560,000

2

16/11/21

$3,500,000

_________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________

23

27 Coogarah Street, Blakehurst

5

3

3

23/03/22

$3,450,000

_________________________________________________________________________________________________________________________

24

2 Aveling Street, Blakehurst

4

3

3

30/10/21

$3,350,000

_________________________________________________________________________________________________________________________

25

6 Taunton Street, Blakehurst

6

4

2

13/11/21

$3,265,000

_________________________________________________________________________________________________________________________

26

48 Hatfield Street, Blakehurst

3

1

2

6/11/21

$3,210,000

_________________________________________________________________________________________________________________________

27

5 Como Street, Blakehurst

5

2

6

21/01/22

$3,000,000

_________________________________________________________________________________________________________________________

28

26 Cheddar Street, Blakehurst

5

4

4

16/02/22

$3,000,000

_________________________________________________________________________________________________________________________

29

94 Stuart Street, Blakehurst

5

3

2

18/11/21

$3,000,000

_________________________________________________________________________________________________________________________

30

3 Read Street, Blakehurst

4

2

2

19/02/22

$2,905,000

_________________________________________________________________________________________________________________________

31

7 Torrens Street, Blakehurst

5

3

2

5/11/21

$2,850,000

_________________________________________________________________________________________________________________________

32

3 Heath Road, Blakehurst

5

3

3

20/11/21

$2,820,000

_________________________________________________________________________________________________________________________

33

20 Waratah Street, Blakehurst

4

3

2

24/11/21

$2,805,000

_________________________________________________________________________________________________________________________

34

23 Castle Street, Blakehurst

4

4

5

14/12/21

$2,800,000

_________________________________________________________________________________________________________________________

35

23a Castle Street, Blakehurst

4

4

5

17/12/21

$2,800,000

_________________________________________________________________________________________________________________________

36

16c Torrens Street, Blakehurst

4

3

4

19/07/21

$2,770,000

_________________________________________________________________________________________________________________________

37

12 Nellella Street, Blakehurst

5

4

2

16/10/21

$2,690,000

_________________________________________________________________________________________________________________________

38

5 Raleigh Street, Blakehurst

4

4

2

28/05/22

Confidential

_________________________________________________________________________________________________________________________

39

17 Pleasant Way, Blakehurst

6

2

1

20/11/21

$2,670,000

_________________________________________________________________________________________________________________________

40

15 James Street, Blakehurst

7

4

2

30/04/22

$2,650,000

_________________________________________________________________________________________________________________________

RP Data

Blakehurst statistics

$8,500,000 80

Highest sale price

Number of Houses Sold

$244,621,801

Total Value Sold

$2,400,000

Median House Price

$2,500,000

47 Homes Sold Above

34%

Growth

H B A A A H

1111

A word from John McGrath

A selection of recent sales by Aaron Bird

44 Gold St, Blakehurst Sold $3.76m

3 Read St, Blakehurst Sold $2.905m

5 Raleigh St, Blakehurst Sold

17 Pleasant Way, Blakehurst Sold $2.67m

15 James St, Blakehurst Sold $2.65m

20 Hatfield St, Blakehurst Sold $2.61m

35 East St, Blakehurst Sold $2.58m

18 James St, Blakehurst Sold $2.15m

26 Taro St, Blakehurst Sold $2.1m

201 Woniora Rd, Blakehurst Sold $1.71m

17 Orana Cres, Blakehurst Sold $1.64m

59a Terry St, Blakehurst Sold $1.61m

Aaron Bird 0402 434 818 02 8558 7215 aaronbird@mcgrath.com.au