Quarterly Market ReportApartments and Townhouses - Neutral Bay

Quarter 3 - 2015

Welcome to our market reportWinter has proved to be the most buoyant growth quarter of the year to date with one and three bedroom apartments the clear winners. One bedroom apartments experienced an 18% growth in prices since last quarter, and three bedroom apartments saw a 10% growth. Interestingly, there are normally fewer properties listed for sale in winter which generally drives prices because demand outweighs stock, however there was only one less property listed for sale this quarter compared to last quarter which demonstrates strong buyer demand.

In the third quarter (July to September), there were a total of 77 apartments/townhouses sold in Neutral Bay, with an average selling price of $953,707. When you compare it to Q2 of 2015, which had an average selling price of $939,670, this indicates a marked increase of $14,037.

As we move into the spring selling quarter (October – December) the media has been reporting a decrease in auction clearance rates across Sydney and that we are at the peak of the market and there is a change coming next year. 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 sales prices tracked over the last 12 months

Neutral Bay North Sydney LGA

$1,050,000

$510,000

$600,000

$690,000

$420,000

$780,000

$870,000

$960,000

$240,000

$330,000

$150,000

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

Average Price Number Sold Difference from Q2, 2014

1 bedroom $688,145 20 +$124,431

2 bedroom $1,004,320 31 -$23,760

3 bedroom $1,422,250 18 +$143,339

4 bedroom $1,625,000 1

Neutral Bay Statistics

Recent Sales

48/199-207 Military Road, Neutral Bay

5/1 Nook Avenue

1/40 Ben Boyd Road

3/42 Harriette Street

5/43 Kurraba Road

3/20 Waters Road

Street Address Beds Baths Cars Price

503/433 Alfred Street North 1 1 1 $695,000

37/441 Alfred Street North 1 1 1 $631,000

77/441 Alfred Street North 1 1 2 $665,000

1/40 Ben Boyd Road 1 1 1 $750,000

43/154 Ben Boyd Road 1 1 1 $645,000

17/2 Colindia Avenue 1 1 0 $500,000

11/26-28 Eaton Street 1 1 1 $621,000

5/185 Falcon Street 1 1 0 $525,755

404/17 Grosvenor Street 1 1 0 $630,000

5/43 Kurraba Road 1 1 1 $800,000

116/99 Military Road 1 1 1 $540,000

5/132 Military Road 1 1 1 $695,000

3/154 Military Road 0 0 0 $890,500

3/156 Military Road 1 1 2 $889,000

78/260 Military Road 0 0 0 $546,500

150/260 Military Road 0 0 0 $546,500

5/1 Nook Avenue 1 1 0 $455,000

3/1 Spruson Street 0 1 0 $375,308

56/4 Waters Road 1 1 1 $405,500

4/7 Waters Road 0 0 0 $530,000

45/7 Waters Road 0 0 0 $320,000

205/48 Yeo Street 1 1 0 $635,000

11/19A Young Street 1 1 1 $500,000

15/19A Young Street 1 1 0 $442,500

33/37 Barry Street 2 1 1 $1,165,000

2/64 Ben Boyd Road 2 1 0 $705,000

6/111 Ben Boyd Road 2 1 1 $820,000

7/143 Ben Boyd Road 2 1 1 $1,107,000

6/44-50 Bent Street 2 1 1 $1,360,000

1/16 Eaton Street 2 1 1 $870,000

4/10 Hayes Street 2 1 0 $1,045,000

Recent SalesStreet Address Beds Baths Cars Price

2/1 Highview Avenue 2 1 2 $1,285,000

3/2 Holdsworth Street 2 1 1 $981,000

3/26 Holdsworth Street 2 1 1 $910,000

2/196 Kurraba Road 2 1 1 $1,045,000

32/2 Lindsay Street 2 1 1 $717,000

4/10 Lindsay Street 2 1 1 $915,000

6/10 Lindsay Street 2 1 1 $920,000

1/132 Military Road 2 2 1 $1,160,000

14/8-10 Montpelier Street 2 2 1 $1,180,000

2/9 Premier Street 2 1 0 $720,000

3/13 Premier Street 2 1 1 $910,000

1/52A Premier Street 2 1 1 $960,000

13/4 Rangers Road 2 2 1 $1,175,000

9/29 Rawson Street 2 2 1 $1,290,000

5/39 Raymond Road 2 2 1 $1,046,000

87/7-17 Waters Road 2 2 1 $665,000

3/20 Waters Road 2 1 1 $1,292,000

5/94-96 Wycombe Road 2 1 1 $865,000

14/373 Alfred Street North 3 2 1 $1,202,500

26/50 Aubin Street 3 2 2 $1,900,000

12/10-12 Ben Boyd Road 3 2 2 $1,900,000

8/189 Ben Boyd Road 3 2 2 $1,800,000

3/14 Kurraba Road 3 2 2 $1,334,500

3/66 Kurraba Road 3 3 2 $1,960,000

7/4 Merlin Street 3 2 1 $1,300,000

6/27 Merlin Street 3 2 2 $1,425,000

18/39-41 Raymond Road 3 2 2 $1,275,000

12/94 Wycombe Road 3 2 2 $1,070,000

9/108-110 Wycombe Road 3 1 2 $1,400,000

2/10-10A Holdsworth Street 4 2 1 $1,625,000

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 has 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?“Right from my first conversation with Clare I knew she was the one to go with. From my early enquiries and throughout the entire marketing and sale process Clare has provided me with great advice. Along every step of the way Clare communicated clearly and often with me, and made me feel that I was in safe hands. Her knowledge of the market and intuition at each step is impressive. I couldn’t rate Clare any more highly. Thank you again Clare.”

- Cathy Challinor, Nook Avenue

Contact your Urban Living Specialists

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.

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

Clare Rutledge0422 004 825crutledge@ljhooker.com

Daniel Campbell0432 736 745dcampbell@ljhooker.com

Jason Passlow0402 182 632jpasslow@ljhooker.com

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Rear 194 Military Road, Neutral Bay

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