WAVERTON AND WOLLSTONECRAFT EDITION
End of Financial Year 2018 Report Donovan Murphy
A word from Donovan Murphy The last financial year has seen the market transition, resulting in what is now a fair market. Properties which have been on the market the past financial year or are currently on the market will most likely sell in their estimated selling range. Stricter lending conditions and increased pressure from regulators on the banks means the number of buyers inspecting and bidding on properties has decreased. That said, there has been limited downward pressure in sale prices. 30 Larkin Street, Waverton sold for $6.8m being the second highest price to date. This suburb still remains tightly held with approximately 50 properties selling for the year.
Wollstonecraft had 179 properties transacting with 24 Milray Avenue holding the top spot for the financial year selling at auction for $5,68m. Auction clearance rates for Sydney have settled in the vicinity of 55%. McGrath Neutral Bay continues to outperform the market with an auction clearance rate of 77% for FY18. My personal auction clearance rate for FY18 is 85% of properties selling on or before their auction date; a result I am proud of in the current conditions. It´s been a privilege to help the residents of Sydney´s Lower North Shore buy and sell property and I´d like to thank you for such a fantastic year. If you´d like to know more, please get in touch.
Case studies 2 Beds 2 Baths 2 Cars Sale Method
For Sale
Sale Price
$2.525m
Vendor’s price expectation
$2.3m
Days on market
7
No. of contract issued
3
Buyer origin
Waverton
5G/22 Ross Street, Waverton Sold $2.525m 3 Beds 2 Baths 1 Cars Sale Method
Auction
Sale Price
$1.4m
Vendor’s price expectation
$1.2m
Days on market
24
No. of contract issued
18
Buyer origin
Wahroonga
5/49 Shirley Road, Wollstonecraft Sold $1.4m 2 Beds 1 Baths 2 Cars Sale Method
Auction
Sale Price
$1.285m
Vendor’s price expectation
$1.2m
Days on market
24
No. of contract issued
24
Buyer origin
Elderslie
3/83 Shirley Road, Wollstonecraft Sold $1.285m 3 Beds 2 Baths 1 Cars
3/9 Lithgow Street, Wollstonecraft Sold $1.7m
Sale Method
Auction
Sale Price
$1.7m
Vendor’s price expectation
$1.55m
Days on market
22
No. of contract issued
12
Buyer origin
Singapore
Why Donovan Murphy
9 years
Real estate industry experience
$81.5m
Total value of properties sold in FY18
48 21
Number of properties sold in FY18
Our average days on the market
$1.4m 85%
Our average sale price
Auction clearance rate
McGrath FY17/18 Data
Donovan Murphy 0450 590 347 9995 0050 donovanmurphy@mcgrath.com.au