Blaxland Market Report - Edition Six

BLAXLAND Market Report by Danny Walker

EDITION SIX JULY - DECEMBER 2023

A Word From Danny Walker Reflecting on the past year and looking towards 2024, the resilience of the real estate market in the lower mountains and greater Sydney region remains impressive. Despite the challenges of fluctuating rates, we've seen robust growth, with national property prices increasing by about 8% and the greater Sydney area experiencing an even more significant rise of 11.1%.

A noticeable trend in 2023 was the number of local sellers downsizing, some after 30+ years in their homes, making way for a wave of first home buyers. Are you looking to downsize this year but feeling overwhelmed about where to start? At McGrath, we provide a comprehensive support service, not just listing your property but helping you get it market-ready.

As we step into 2024, while we face the usual seasonal lull at the year's start, we are already seeing signs that interest rates might stabilize or slightly decrease by mid-year. This shift could significantly impact the market, offering fresh opportunities for those looking to buy or sell.

The potential for a dynamic market landscape in the coming months is promising. Whether you're planning to upgrade, downsize, or change your lifestyle, now is an excellent time to prepare your property for sale. Our team is committed to enhancing your property's appeal, ensuring it captivates buyers in a competitive market.

We understand the challenges of preparing a property for sale, especially after years of making a house a home. Our network of trusted local tradespeople and services can assist with everything from painting to property styling, ensuring high-quality, efficient work. Plus, we offer complimentary project management to ensure a smooth process, all included in your fee.

If you're considering selling, reach out to us.

Leveraging McGrath’s extensive local insight, a vast database of qualified buyers, and the reach of a network spanning from Sydney to various interstate locations, we ensure your property commands attention nationwide. We're here to guide you from appraisal to sale, aiming to achieve the premium result your property deserves.

Want to stay Want stay in inthe theknow? know? Contact me with your email to be added to our offmarket property updates and monthly market report, dannywalker@mcgrath.com.au dannywalker@mcgrath.com.au Source: ratemyagent.com.au

Blaxland Statistics - 2023

$2.6m

Highest sale price - 49 Coughlan Road

$955k

Median price for houses

77

Number of houses sold

28

Average days on market for houses $1,331,250

$1,103,500

-12.5%

$993,000

Annual growth for houses

$924,069

82

$900,000

Number of houses leased $845,000

$592

Average rental price for houses

45,061

Average buyer searches each month - Blaxland

Source: realestate.com.au and RP Data

Top 20 Blaxland Sales - 2023 No

Address

Bed

Bath

Car

Sale date

Land size (m2)

1

49 Coughlan Road

6

3

3

21-Apr-23

1,404

$2,600,000

2

45 Coughlan Road

4

2

3

7-Mar-23

1,017

$1,810,000

3

14 Honeyeater Crescent

4

2

2

18-Oct-23

1,048

$1,655,000

4

1 Wakeford Place

5

2

2

25-Aug-23

729

$1,550,000

5

4 Lewin Street

5

3

2

16-Nov-23

1,074

$1,510,000

6

6 Maxwell Place

5

3

3

26-Oct-23

1,918

$1,470,000

7

19 Bellbird Crescent

4

2

1

8-Nov-23

698

$1,461,000

8

20 Matthew Parade

4

2

2

24-Feb-23

1,018

$1,390,000

9

67 Wilson Way

4

2

2

29-May-23

721

$1,370,000

10

$1,088,250 103B Great Western Hwy

4

2

2

5-Sep-23

1,075

$1,350,000

11

$1,000,000 40 Wattlecliffe Drive

5

2

2

9-Aug-23

499

$1,350,000

12

49 Bridge $923,138 Road

4

2

2

1-Nov-23

923

$1,340,000

13

38 Winnicoopa Road $902,500

5

2

3

30-Nov-23

2,438

$1,310,000

14

26 Old Bathurst Road

4

2

2

19-May-23

1,041

$1,280,000

15

5 Bambil Place

4

3

2

23-Nov-23

1,272

$1,260,000

16

24 Boorea Street

4

3

2

20-Jul-23

2,007

$1,260,000

17

22 Rusden Road

4

2

1

31-Oct-23

926

$1,255,000

18

53 Wilson Way

3

2

0

8-Dec-23

1,423

$1,250,000

19

10 Winnicoopa Road

4

2

2

24-Aug-23

2,144

$1,240,000

20

3 Ravine Avenue

5

2

3

19-May-23

1,286

$1,230,000

$1,331,250

$835,000

Price ($)

Source: reported prices from realestate.com.au and RP Data

A Selection of Our Recent Sales

6 Matthew Parade, Blaxland Sold $900k

22 Grahame Street, Blaxland Sold $937k

123 Glenbrook Road, Blaxland Sold $876k

14 Honeyeater Cres, Blaxland Sold $1.655m

179 GWH, Blaxland Sold $616k

36 Western Avenue, Blaxland Sold $620k

1 Grahame Street, Blaxland Sold $786k

5 Batman Cres, Springwood Sold $1.055m

205 GWH, Warrimoo Sold $740k

15 Fairways Cres, Springwood Sold $915k

8 Ithaca Street, Emu Plains Sold $1.25m

4 Cambridge St, Valley Heights Sold $1.07m

50 Springfield Cres, Springwood Sold $1.12m

40 Russell Ave, Faulconbridge Sold $875k

44 Boland Avenue, Springwood Sold $900k

Sold by Danny Walker

5 Blue Gum Crescent, Blaxland Sold $1.13m

Client Testimonial "We recently sold our investment property in Blaxland East with Danny Walker from McGrath Lower Blue Mountains.

5 Bed 3 Bath 1 Car

House and Granny Flat

Method of Sale

Private treaty

Danny was attentive, persistent and professional.

He guided us through an extended period of property preparation due to tenant issues.

Sale Price

Danny and his team were able to create a very well presented and cleverly marketed property which, in turn, attracted multiple highly motivated prospective buyers. The marketing campaign combined with skilled negotiations precipitated in a sale price above expectations.

Prospective buyers

18

Days on Market

8

I am recommending anyone thinking of selling in the Lower Blue Mountains to utilise Danny Walker.

If you are looking to get the best possible price for your property and to reap the financial rewards of the real estate market, look no further.“

Adam

$1,130,000

Buyer origin

Western suburbs

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We love local!

Community News Last year was another vibrant year of community engagement for my family and I. We were delighted to support Gateway Family Services in Blaxland again, contributing two full trolleys of groceries to their Essentials Emergency Relief Program and their Christmas Food Appeal. Keeping with the festive spirit, we also donated a trolley of toys to their Christmas Hamper Appeal, bringing joy and relief to numerous local families.

I had the pleasure of teaming up with FIX Electrical Contractors to assist in a special delivery from Foodbank Australia, aiding hundreds of families in our community.

Additionally, I donated Trivia Night prize hampers to local clubs, supporting their fundraising efforts for essential club activities.

McGrath continues to proudly stand as Major Sponsors of Blaxland Football Club and Blaxland Rovers Hockey Club, fostering local talent and community spirit.

Don't forget to follow my social media adventures! Last Father's Day, in collaboration with the award-winning East Blaxland Butchery, we gave away three $100 vouchers. Follow @dannywalkerestateagent on Facebook or Instagram for more exciting giveaways and collaborations with local businesses.

Danny Walker SALES AGENT 0438 912 066 dannywalker@mcgrath.com.au dannywalkerestateagent dannywalkerestateagent

McGrath Lower Blue Mountains Shop 2/150 Great Western Highway, Blaxland NSW 2774 T 02 4739 9882