Blaxland Market Report
Edition Seven Jan - Jun 24
By Danny Walker
Lower Blue Mountains
A Word From Danny Walker
As the property market continues to evolve, we've noticed that buyers have become more specific about what they’re looking for and how far they can stretch their budgets. This precision is largely influenced by the current economic climate and the limited supply of homes available, which has made buyers more cautious and strategic in their negotiations.
Interestingly, a significant number of the buyers we're interacting with are coming from outside the area and are new to our local databases These buyers, often young families, are seeking more space and a better quality of life, making the Lower Blue Mountains an attractive destination for their next home. Their fresh interest and enthusiasm are contributing to the dynamic nature of our market
Investor activity in the Lower Blue Mountains has also picked up, with more investors making offers and showing heightened interest This has been reflected in our recent open homes, where we ’ ve seen strong turnouts of active and interested buyers. The competition created from these stellar turnouts has routinely resulted in fast sales, often for figures above the asking price
Property prices in our region are expected to rise slightly by the end of the year. In Blaxland alone, we've already seen a +5 0% increase in property values over the past 12 months. This trend underscores the resilience and attractiveness of our market, even amidst fluctuating economic conditions Interest rates are expected to remain steady for now, although we might see another rise towards the end of the year
If you ’ re considering selling and feel overwhelmed about where to start, McGrath offers comprehensive support to get your property market-ready. Our network of trusted local tradespeople can assist with everything from painting to property styling, and we provide complimentary project management to ensure a smooth process Leveraging McGrath’s local expertise, a vast database of qualified buyers, and a network extending from Sydney to interstate, we ensure your property receives the attention it deserves. We're here to guide you from appraisal to sale, aiming to achieve the premium result your property deserves
If you're thinking about selling, reach out to my team and I. Let's make your property journey stress-free and successful
$2.015m
Highest sale price - 9-11 Joalah Avenue
$1.050m
Median price for houses
99
22
$1,331,250
$1,103,500
$993,000
Number of houses sold
Average days on market for houses
+5.0% Annual growth for houses
$924,069
$900,000
71
$615
Number of houses leased
$845,000
46,492
Average rental price for houses
Average buyer searches each month - Blaxland
Top 20 Blaxland Sales - Financial Year 23-24
Home Ownership Family Composition
Surrounding Suburbs Growth Chart (Houses)
$2,000,000
Want to stay in the know? Contact me with your email to be added to our off-market property updates and quarterly market report, dannywalker@mcgrath com au
Blaxland Mount Riverview Glenbrook Warrimoo
A Selection of Our Recent Sales
22 Powell Street, Blaxland Sold $899k 3 Winnicoopa Road, Blaxland Sold $990k
Sharwen Place, Blaxland Sold $1 165m
1/37 Layton Avenue, Blaxland Sold $838k
GWH, Warrimoo
GWH, Blaxland Sold $885k
41 Spurwood Road, Warrimoo
Parade, Warrimoo
11 Rickard Road, Warrimoo Sold $700k
Pinecrest Street, Winmalee Sold $1.006m
Lochinvar Street, Winmalee Sold $830k
32 Ridge View Close, Winmalee Sold $1 394m 85B Olivet Street, Glenbrook Sold $940k
Explorers Road, Lapstone
$1m
Sold by Danny Walker
Client Testimonial
"We instantly felt comfortable and confident to trust Danny Walker with the sale of our property.
He had proven strong sales in the area, was personable and professional and instilled in us confidence with his knowledge and ability to achieve the highest sale price.
Danny was always respectful of our wishes and worked with us on all aspects of the sale He was extremely responsive and kept us well informed throughout the entire process.
The proof was certainly in the pudding as the sale well over our expectations, and he was diligent in the contract negotiations.
If you're looking to sell, we would highly recommend having a chat to Danny.“
Bryan & Savannah
Danny Walker
dannywalker@mcgrath.com.au mcgrathlbm.com.au
