Quarterly Market ReportApartments and Townhouses | Mosman

Quarter 4 - 2015

Your LocalMosmanMosman saw significant growth in the last quarter of 2015, with 3 bedroom apartments showing particularly strong growth with a whopping 34% increase in prices when compared to the third quarter. Interestingly, both 1 and 2 bedroom prices saw almost no variation from the previous quarter, which are good indicators that the local property market is stabilising. What is yet to be determined is whether or not this calmer, consistent trading will continue through into the summer selling quarter (January to March), which are notoriously active months.

In the fourth quarter of 2015 (October to December), there were a total of 75 apartments/townhouses sold in Mosman, with an average selling price of $1,166,446. When you compare it to the third quarter of 2015, which had an average selling price of $1,006,984, this indicates a sizable increase of $159,462.

The New Year brings new opportunities and new resolutions for many in the property market. The Lower North Shore and our office are still experiencing consistently good clearance rates and strong buyer demand. Now is a great time to sell and we would love to have a discussion with you regarding your next move.

Average Price No. Sold Difference from Q3, 2015

1 bed $642,628 14 -$2,050

2 bed $966,895 48 -$530

3 bed $2,052,291 12 +$518,363

4 bed $8,400,000 1 +$5,300,000

MOSMAN STATISTICS

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS

Mosman North Sydney LGA

$1,050,000

$960,000

$510,000

$600,000

$690,000

$420,000

$780,000

$870,000

$240,000

$330,000

$150,000

Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

Your LocalMosman

OUR RECENT SALES

2/38 Musgrave Street

3, 4 & 7/20 Musgrave Street

3/21 Mcleod Street

89/6 Hale Road

8/600 Military Road

Street Address Beds Baths Cars Price

7/3 Clifford Street 1 1 1 $573,000

102/100 Glover Street 1 1 1 $764,800

101/55 Harbour Street 1 1 1 $727,500

15/9 Mandolong Road 1 1 0 $601,000

7/10 Muston Street 1 1 0 $580,000

14/63 Prince Albert Street 1 1 0 $633,500

5/54 Raglan Street 1 1 0 $575,000

17/2 Raglan Street 1 1 1 $970,000

25/75 Spofforth Street 1 1 1 $580,000

12/3 Belmont Road 2 2 1 $1,200,000

3/8 Clifford Street 2 2 1 $1,450,000

5/1 Esther Road 2 1 0 $1,300,000

1/7 Mandolong Road 2 1 1 $710,000

4/70-72 Middle Head Road 2 2 0 $920,000

8/600 Military Road 2 2 1 $830,000

1/21 Musgrave Street 2 2 1 $1,400,000

5/86 Shadforth Street 2 1 1 $1,100,000

17/180 Spit Road 2 1 1 $850,000

6/7 The Esplanade 2 1 1 $1,800,000

5/83-87 Cabramatta Road 3 3 2 $1,695,000

11/37 Moruben Road 3 2 2 $2,800,000

3/4-6 Muston Street 3 1 1 $1,650,000

2/61 Prince Street 3 2 2 $1,985,000

10/8 Punch Street 3 1 1 $1,012,500

2/17 Raglan Street 3 2 2 $2,500,000

5/3 The Esplanade 3 2 2 $1,545,000

12/22 Bent Street 3 2 2 $1,460,000

Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales.

Having identified a genuine lack of real estate expertise purely servicing the apartment and townhouse market on the Lower North Shore, LJ Hooker Mosman proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Rutledge and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a family home.

WHY CHOOSE US?“Jason was professional, down to earth and not pushy. He was always there to listen and attune to different generation’s needs. He took the time to explain everything and we were involved with every step of the process. He made us feel comfortable the whole journey. I would highly recommend Jason and will definitely be using him again.” - Jessica Sapier

“Two units on the market for less than one week. Both sold at the top of our expectations. Handled professionally. What more do you want?” – Cliff Turner

I found Clare absolutely fantastic to deal with. Clare walked me through the whole process of the sale one step at a time, clearly explaining what I needed to do or where everything was at. I found Clare motivated and honest. Overall I am tremendously pleased with her efforts and would insist anyone who sold an apartment went through her. – Hamish McKibbin

CONTACT YOUR URBAN LIVING SPECIALISTS

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

Clare RutledgeD 8969 4149M 0422 004 825E crutledge@ljhooker.com

Daniel CampbellD 8969 4121M 0432 736 745E dcampbell@ljhooker.com

Jason PasslowD 8969 4162M 0402 182 632E jpasslow@ljhooker.com

Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.