The rebound in the Sydney property market continues to defy the odds, with ongoing capital growth experienced across most Lower North Shore property markets every month since January 2023. Yes, this is all whilst interest rate movements have continued to put further pressure on the family budget and cost of living.
We have observed a robust local appetite in the North Sydney region for high-quality apartments, townhouses and freestanding homes. This is, in part, a consequence of the limited property supply entering the market and the escalating demand from buyers.
Furthermore, the improvement in auction clearance rates and the positive media attention have begun to reintroduce the phenomenon of FOMO (fear of missing out) into the property market – a sentiment not seen since late 2021. Auction clearance rates have been steadily increasing since the beginning of the year, now standing at around 75% across the Lower North Shore. This clearance rate factors in both properties sold prior to the auction day and those that are sold under the hammer on the day of the auction.
In the coming months we have some incredible opportunities coming to the market, including a prime freestanding home that will be offered to the market for the first time in 70 years in the best street of Waverton. Be sure to reach out to our team so we can also help you on your property journey!
LISTINGS ON THE MARKET
Rare opportunity right on Waverton park and Harbour front reserve
42 Larkin Street, WAVERTON
Lovely light-filled top floor living in rare Art Deco block of four
4/150 Ernest Street CROWS NEST
House-like living in a leafy setting 200m to shops and cafes
33/7 Broughton Road ARTARMON
Sophisticated residence in the exclusive ‘Abode’ complex
1606W/599 Pacific Highway ST LEONARDS
Mirvac’s luxurious 3 Bedroom with expansive Harbour Bridge View
1403/486 Pacific Highway ST LEONARDS
Luxury Living in Huntleys Cove
G02/12 Karrabee Avenue HUNTLEYS COVE