Freshwater Market Update

Freshwater Market Update Mary Anne Cronin Nathan Ford YOUR LOCAL AGENTS

Suburb sales 202

Total sales in Freshwater over the last 12 months

27 Undercliff Road $6,650,000 BED 4 BATH 2 CAR 2

2/54 Waine Street $2,150,000 BED 3 BATH 2 CAR 2

27 Coles Road $3,450,000 BED 4 BATH 3 CAR 2

56 Wyndora Avenue $3,630,000 BED 3 BATH 3 CAR 3

12 Loch Street $3,500,000 BED 4 BATH 2 CAR 2

7/84-86 Wyadra Ave $1,115,700 BED 2 BATH 1 CAR 1

2/69 Undercliff Road $4,021,000 18 Soldiers Avenue $3,050,000 BED 3 BATH 2 CAR 1 BED 3 BATH 1 CAR 1

13/1 Murray Road $945,000 BED 2 BATH 1 CAR 1

64 Oliver Street $3,715,000 BED 4 BATH 2 CAR 2

5 Wyadra Avenue $3,675,000 BED 3 BATH 2 CAR 2

16/73 Evans Street $1,800,250 BED 2 BATH 1 CAR 1

Please note that all recent sales are provided by Corelogic for Freshwater

Suburb statistics How Freshwater performed over the last 12 months

$14,050,000

$3,890,000

$1,120,000

Highest sale price

Median House price

Median Unit price

31

56

146

Average days on market - House

Number of House sales

Number of Unit sales

26

$1,400/week

$630/week

Average days on market - Unit

Average rental price - House

Average rental price - Unit

9,000+

30 - 39

45

Freshwater population

Average age group

Average open home attendees

Source: Data is provided by CoreLogic and is based on statistical market data. Whilst all reasonable effort is made to ensure the information in this publication is current, Upstate does not warrant the accuracy or completeness of the data and information contained in this publication.

Market wrap Freshwater house prices saw a 16% decrease in the last 12 months reflecting a period of stabilisation we are seeing across the nation. Median house value over the last 5 years increased 38%, demonstrating the need for a correction in the market.

Freshwater boasts record sales in the last year particularly for homes within the Freshwater basin. The area continues to attract high demand due to it’s village atmosphere and close proximity to the beach. Freshwater offers a laid-back and friendly lifestyle, appealing to both local and out of area buyers.

Buyer enquiry is tipped to increase over the Christmas break as people have more leisure time to search for their next move, making it an opportune time to launch your property.

The Northern Beaches offers an exceptional choice for upsizers, downsizers, investors, and first-time buyers, resulting in continued demand for the region in any market.

Give us a call today and find yourself in a better place.

Mary Anne Cronin 0411 773 646 • Nathan Ford 0404 696 133

How Upstate performed in 2022

512

630

$26,000,000

Residential sales

Residential leased

Highest sale price Northern Beaches

108

123

162,000+

Commercial sales

Commercial leased

Prospective buyers on our database

Auction clearance rates

75%

64%

75%

Auction clearance rate Upstate

Auction clearance rate Sydney

Auction clearance rate Northern Beaches

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Upstate property listings attract significantly more enquiries than the market average.

Upstate 2021

Upstate 2022

Market average

3,000

2,250

1,500

750

0 Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Buyer enquiries Market average

Buyer enquiries UPSTATE

January

97

1,305

February

97

1,508

March

83

1,282

April

68

1,029

May

67

884

June

61

583

July

62

1,073

August

74

882

September

73

1,266

October

78

1,232

Month 2022

The Northern Beaches biggest team and database in a single office.

Mary Anne Cronin

Nathan Ford

0411 773 646

0404 696 133

maryanne.c@upstate.com.au

nathan.f@upstate.com.au

Licensed Real Estate Agent

Licensed Real Estate Agent

SUPER UBER MARY ANNE!

PROFESSIONAL AND RESPONSIVE

What to say about this fantastic person and extraordinarily awesome professional? I couldn’t recommend MAC highly enough to begin with, she’s joyous, dedicated, knowledgeable and genuinely honest!

Mary-Anne Cronin was absolutely fantastic! She kept me updated at every step along the way, sent me relevant information and resources regarding the current market, and sold my property in a challenging situation in a downturning market.

Not only that, but she managed to make the process seamless and even enjoyable at times! Mary-Anne is a lovely person and was a pleasure to speak with and I will actually miss our regular chats. Thank you Mary-Anne.

I believe that either as a seller or a buyer she’ll always place all cards on the table, no hidden agendas and no fuss, you should listen to her expertise and heed her advices. We did!

Vendor Review - S. Elliot

Vendor Review - S. Williams

$14,000,000

22

506

Highest sale price

Years of sales experience

Total properties sold

upstate.com.au

YearS YOUNG

1922-2022