Team Mulvihill EOFY Report

Mona Vale Newport Financial Year Report 2025/2026

Team Mulvihill

Local Market Review

The 2025–2026 financial year has been a tale of two markets. After a strong finish to 2025, renewed inflationary pressures and three interest rate increases during 2026 significantly impacted buyer confidence across Sydney.

Combined with ongoing cost of living pressures and reduced borrowing capacity, the market has entered a period of correction, with many Sydney suburbs experiencing price declines of 5–10% from their recent peaks.

Despite these headwinds, Mona Vale and Newport have continued to outperform many parts of Sydney due to their tightly held nature, desirable coastal lifestyle and limited supply of quality homes. While buyer demand remains healthy, purchasers have become noticeably more selective. Homes that are realistically priced and well presented continue to sell, while properties launched with overly ambitious price expectations are taking longer to attract interest and, in many cases, require price adjustments before achieving a sale.

Mona Vale has demonstrated greater resilience than many surrounding suburbs. Family homes in premium streets have continued to attract strong competition, although buyers are exercising more caution and undertaking greater due diligence before committing. Auction clearance rates have softened compared with late 2025, with private treaty campaigns becoming increasingly common as vendors adjust to changing market conditions.

Overall values have eased modestly from their peak but remain well above pre-2025 levels.

Newport has experienced a more pronounced slowdown, particularly in the prestige and discretionary lifestyle segments. As borrowing costs have increased, buyers have become more pricesensitive, resulting in longer selling periods and greater negotiation. Well-located homes with exceptional views or unique lifestyle appeal continue to perform strongly, however secondary properties and homes requiring significant renovation have faced greater competition and downward pressure on pricing.

Looking ahead, the remainder of 2026 is likely to remain a buyer's market unless there is meaningful relief in interest rates or inflation. Most purchasers remain financially capable but are taking a measured approach, placing greater importance on value than urgency. For sellers, accurate pricing, high-quality presentation and a well-executed marketing campaign have never been more important. While market conditions are undoubtedly more challenging than twelve months ago, quality homes in Mona Vale and Newport continue to attract genuine buyers when aligned with current market expectations.

EOFY market review 2025 - John McGrath

Similar patterns are at play in the regional markets. The strongest markets are cooling a bit, whilst buyers are recognising new opportunities in areas where prices have been off the boil for a period.

Regional Western Australia outperformed again with a 12.5% lift in home values over the year to June 1. South Australia followed with 12.4%, then Queensland with 8%. Regional NSW was in the middle with 3.3% growth, followed by regional Tasmania 2.3% and regional Victoria 0.1%.

As FY25 comes to a close today, this is a smart time for home buyers and investors to assess their options and act. I see plenty of opportunity for buyers all over the country right now.

Meanwhile, sellers can still expect very good results if their homes are marketed and presented well. The highest quality homes in the best locations are attracting the strongest interest.

I’m optimistic for the new financial year, with change afoot across the country. The gap in price performance between the states is already narrowing, and anticipated interest rate cuts throughout FY26 are likely to enable more buyers to enter the marketplace, sparking more uniform price rises.

Prices have softened in the powerhouse markets of Brisbane, Adelaide and Perth.

Demand is still solid but competition is less fierce, giving buyers more negotiating power

The Sydney market cooled a bit in FY25 while the Canberra market found new foundations.

Home values rose by 1.1% in Sydney and fell 0.7% in Canberra over the year.

amid slower price growth.

Meanwhile, great value has inspired new activity in Melbourne and Hobart, where prices appear to have bottomed. Home values are down 1.2% in Melbourne and up 1% in Hobart over the year. Those who buy early into the new cycle will benefit most from reignited competition and price growth.

Growth rates basically halved in FY25 compared to FY24. Dwelling values rose by 7.1% in Brisbane and 8.6% in Adelaide and Perth over the 12 months to June 1, Cotality data shows. Apartment values grew faster than houses, reflecting affordability constraints following substantial price growth.

In terms of homes for sale, tight supply continues to support values. Cotality data shows that the volume of new listings has consistently trended below the five-year average since January. The count of total listings nationwide as of June 1 was the lowest it has been for this time of year since 2007.

Demand remains strong, boosted by many baby boomers downsizing and using freed-up funds to support younger relatives to buy, buoyant investor activity, and more people who may have preferred to build deciding it’s too hard and competing in the established homes market instead.

Rents rose again in every capital city and regional market in FY25. Gross yields on apartments remain above 4% in every city and region and yields on houses are above 4% in all regional markets.

Auction clearance rates in the capital cities averaged 65.3% over the four weeks ending June 1, up from 60.4% in the preceding month. A rate of 60% is the benchmark for a balanced market.

High rents are prompting more investor activity and inspiring more renters to buy their first homes. The promised expansion of the First Home Guarantee, which will allow all first home buyers, regardless of income, to purchase with a 5% deposit, no mortgage insurance and a government-guaranteed loan, will bring more young people into the market across the country.

Economists are predicting several more rate cuts in FY26 and if this occurs, the impact will be broad-based but most acute in Sydney, given affordability is so tight in Australia’s most valuable market. The mortgage wars have restarted, with many banks offering highly competitive fixed and variable rates.

Australia has one of the world’s most valuable property markets, with the prestige sector very strong in FY25. McGrath Research shows Australian waterfront residences are commanding much higher premiums than similar trophy homes in the world’s most desirable lifestyle locations.

Housing supply remains constrained for now.

We are yet to see a meaningful increase in new home building activity as a result of state and federal housing supply programs. This is not surprising, as it will take time for local councils to adapt to looser state planning regulations. Other challenges like the shortage of tradies and high prices for building materials remain, however, rate cuts may help.

But a highly valuable market means significant affordability challenges for low and middle income earners. However, people remain strongly motivated to achieve home ownership. Rising trends such as the Bank of Mum and Dad, rentvesting, city switching, coownership between friends and siblings, and multi-generational living are all examples of Australians’ creativity in finding ways to buy a home.

House Statistics For Newport & Mona Vale

Top 20 House Sales Address Suburb

Sale Date

Sale Price

7 Myola Road

Newport

$17,500,000

19-Nov-25

112 Prince Alfred Parade

Newport

$13,850,000

10-Sep-25

1 Bruce Street

Mona Vale

$13,500,000

22-Oct-25

36 Rednal Street

Mona Vale

$12,350,000

02-Oct-25

68 Rednal Street

Mona Vale

$9,700,000

16-Aug-25

116 Crescent Road

Newport

$9,500,000

16-Jan-26

9 Halesmith Road

Mona Vale

$8,600,000

28-Dec-25

89 Narrabeen Park Parade

Mona Vale

$8,200,000

17-Sep-25

91 Narrabeen Park Parade

Mona Vale

$8,050,000

168A Barrenjoey Road

Newport

$7,100,000

12-Dec-25

43 Myola Road

Newport

$6,625,000

03-Mar-26

47 Attunga Road

Newport

$6,625,000

30-Sep-25

192 Barrenjoey Road

Newport

$6,400,000

19-Sep-25

14A Nooal Street

Newport

$6,300,000

13-Feb-26

144 Prince Alfred Parade

Newport

$6,000,000

24-Dec-25

Mona Vale

$5,800,000

24-Mar-26

Newport

$5,330,000

12-Jul-25

Mona Vale

$5,200,000

30-Sep-25

1 Bushrangers Hill

Newport

$5,000,000

12-Nov-25

18A Palm Road

Newport

$4,900,000

27-Feb-26

ALL AGENCIES COMBINED

NUMBER OF HOUSES SOLD

176

HIGHEST SALE PRICE

LOWEST SALE PRICE

MEDIAN SALE PRICE

TOTAL VALUE OF ALL SALES

$17,500,000

$1,555,000

$2,937,500

$619,026,500

Sales & Growth Chart For Newport & Mona Vale

2026

2025

176 Sales

207 Sales

2024

194 Sales

2023

139 Sales

2022

2021

176

207

194

139

207 Sales

207

222 Sales

222

4 Halesmith Road 33 Bungan Head Road

2020

150 Sales

150

150 Narrabeen Park Parade

*Information provided by RP Data, CoreLogic, McGrath CRM

10-Dec-25

Apartment Statistics For Newport & Mona Vale

Top 20 Apartment Sales Address Suburb

Sale Date

Sale Price

8/9 Queens Parade

Newport

$4,300,000

19-Dec-25

3/77 Beaconsfield Street

Newport

$4,250,000

27-May-26

Mona Vale

$3,900,000

23-Aug-25

3/11 Ocean Avenue

Newport

$3,875,000

23-Jul-25

6/21 Mona Street

Mona Vale

$3,800,000

08-Aug-25

$3,700,000

19-Mar-26

Mona Vale

$3,700,000

30-Jan-26

2/11 Ocean Avenue

Newport

$3,400,000

23-Oct-25

2/2-4 Foamcrest Avenue

Newport

$3,400,000

25-Jul-25

8/24 Golf Avenue

Mona Vale

$3,350,000

14-May-26

4/34-36 Golf Avenue

Mona Vale

$3,350,000

10-Dec-25

9/377-381 Barrenjoey Road

Newport

$3,175,000

19-Dec-25

7/50 Golf Avenue

Mona Vale

$3,100,000

4-Aug-25

Newport

$3,100,000

12-Dec-25

10/13 Surfview Road

Mona Vale

$3,075,000

20-Nov-25

17 Bangalow Avenue

Mona Vale

$3,050,000

29-Aug-25

10/34-36 Golf Avenue

Mona Vale

$2,900,000

18-Jun-26

5A Heath Street

Mona Vale

$2,875,000

30-Jan-26

10/37 Surfview Road

Newport

$2,875,000

09-Oct-25

Mona Vale

$2,850,000

08-Oct-25

ALL AGENCIES COMBINED

NUMBER OF APARTMENT SOLD

179

HIGHEST SALE PRICE

LOWEST SALE PRICE

MEDIAN SALE PRICE

TOTAL VALUE OF ALL SALES

$4,300,000

$545,000

$1,505,000

$288,273,324

4/147-149 Darley Street West

Sales & Growth Chart For Newport & Mona Vale

1/147-149 Darley Street West

179 Sales

179

2026

206 Sales

2023

2022

2021

2020

Mona Vale

206

2025

2024

204/102 Darely Street West

197 Sales

197

167 Sales

167

176 Sales

207 Sales

132 Sales

8/377-383 Barrenjoey Road

176

207

132

11/41-49 Darley Street East *Information provided by RP Data, CoreLogic, McGrath CRM

A Selection of our Prestige Sales

3/77 Beaconsfield Street, Newport Sold $4.25m

Case Studies

15 Bertana Crescent, Warriewood

18 irrubel Road, Newport

4 Beds 3 Bath 2 Car

4 Beds 2 Baths 2 Cars

Method of Sale Price

32 Crescent Road, Newport Sold $4.225m

14a Nooal Street, Newport Sold $6.3m

311/102 Darley Street West, Mona Vale Sold $3.9m

168a Barrenjoey Road, Newport

Undisclosed

No. of Attendees

Off-Market

Method of Sale

Sold at Auction

$2,770,000

Auction Guide

$1,700,000

Sale Price

$1,950,000

4

No. of Inspections

5

No. of attendees

101

Days on Market

34

Contracts Taken

15

Testimonial

Testimonial

Kelly was a complete delight to work with. We felt extremely well informed, very secure and even looked forward to seeing him on our nervewracking open days!

Kelly and his team were exceptional throughout the whole process of selling our home.

He is both friendly and professional and we always felt we were getting an honest account of the process. Lots of communication along the way. We can’t thank him enough for the incredible support.

A true gentleman. Highly, enthusiastically recommend.

Vendor

Communication was second to none, photos looked magnificent and their calm and professional manner was greatly appreciated.

Vendor

A selection of our sales in FY 25/26

1/35 Gladstone St, Newport Sold $1,225,000

4/147-149 Darley St West, Mona Vale Sold $3,900,000

15/153 Garden Street, Warriewood Sold $1,410,000

3 Howell Close, Newport Sold $2,820,000

22/30 Macpherson St, Warriewood 87 Elimatta Rd, Mona Vale Sold $2,260,000 Sold $1,845,000

40 Neptune Road, Newport Sold $2,525,000

165 Warriewood Rd, Warriewood Sold $3,000,000

2/161 Barrenjoey Rd, Newport Sold $1,600,000

4/1a Turimetta St, Mona Vale Sold $1,890,000

8/40 Foamcrest Ave, Newport Sold $1,715,000

6/34-36 Golf Ave, Mona Vale Sold $2,780,000

1/24 Gladstone St, Newport Sold $995,000

141 Wallumatta Rd, Newport Sold $1,800,000

7/26 Seaview Ave, Newport Sold $1,890,000

2/40 Foamcrest Ave, Newport Sold $1,740,000

9/377 Barrenjoey Rd, Newport Sold $3,175,000

204/102 Darley St West, Mona Vale Sold $3,700,000

2/12 Turimetta St, Mona Vale Sold $1,940,000

10 Irrubel Rd, Newport Sold $2,495,000

4/10 Kunari Pl, Mona Vale Sold $1,110,000

126 Irrubel Road. Newport Sold $3,250,000

8/77 Beaconsfield St, Newport Sold $3,100,000

7/27 Gladstone St, Newport Sold $1,620,000

Buyers search trends Did you know? In Mona Vale and Newport

Why Kelly Mulvihill and his team?

61% buyers did not go past the first page on realestate.com.au.

Buyers spend an average of

40 minutes

The most popular search time for consumers is

each session searching online.

Monday 6pm.

86% of users access the site by a mobile device.

Source: realestate.com.au

4 Highly experienced McGrath team members $443.6m Total value of properties sold in FY 25/26

Volume of each segment using realestate.com.au

BUYERS

134

Number of Properties Sold

3,150,000 SELLERS

836,000

$3.310m Average Sale Price

INVESTORS

Kelly stands out as more than just a real estate agent facilitating property transactions.

1,517,000

He is exceptional at understanding the real needs of his clients and then tailoring a solution to secure their next home or optimizing their property's market presence to achieve excellent results. This is what sets Kelly apart as an outstanding and dynamic

RENTERS

3,859,000

performer on the Northern Beaches. Drawing on his real estate expertise and years of experience with properties, he can prioritize what matters most for his clients. Whether you're a first-time homebuyer stepping into the real estate market, a family looking to

Source: realestate.com.au

sell and upgrade, or individuals downsizing into a more relaxed lifestyle.

If you’re looking to sell your home, trust the area specialists Kelly Mulvihill 0435 177 153 kellymulvihill@mcgrath.com.au Nathan Ford 0404 696 133 nathanford@mcgrath.com.au Ryan Wilson 0400 766 402 ryanwilson@mcgrath.com.au