From first glance it would seem as though the market is still continuing to move forward at full steam. In fact, after much research, it would be the same assessment.
Despite interruptions such as rain, winter, school holidays, long-weekends and the Federal Election (which could alter the market significantly) and the quiet changes to policy around foreign buyers, the market has continued at a steady pace.
Last year, in what was supposed to be the tail end of the peak market and touted as the ‘bubble’ popping has been the wind behind the markets sails, and given us momentum into 2016.
There is however, a trend of vendors not willing to disclose sale prices, as you will see below, across the four main postcodes of the Upper North Shore – my research extends into Normanhurst, Hornsby, Berowra etc.
I think this is indicative of vendors following the growth charts and forecasting their own homes growth based on where perceived value was i.e;
2014 my home was worth $100 and the market has gone up 40% so I should put $40 on top of this price, which is now $140.
When it comes time to sell, and this price isn’t achieved, there may be a sense of embarrassment or disappointment, therefor nondisclosure.
As agents, this is what we thought would topple the market, but it would seem that independent research by most vendors and buyers always reveals the truth about the market, and the level of buyers is compensating for the potential ripples we may have seen.
Below is a selection of sales both, disclosed and non-disclosed from the area:
WAHROONGA
Median sale price for the first half of 2016 has been recorded at $1,725,000 at 9.2% growth
7 Illoura Lane – $2,300,000
11/2 Woonona Avenue – Undisclosed
4A Junction Road – Undisclosed
12/16 Woonona Avenue (Sth) – $1,390,000
57 Burns Road – Undisclosed
61 Junction Road – undisclosed
7 The Broadway – $1,140,000
149 Lucinda Aveune South – undisclosed
52/31-33 Millewa Avenue – $875,000
402/37-41 Millewa Avenue – $2,250,000
15 Westbrook Avenue – $2,250,000
45/1740 Pacific Highway – $859,000
4 Everett Way – $1,380,000
16 Fisher Avenue – $1,805,000
14/1-3 Munderah Street – $1,475,000
57a Burns Road – $2,260,000
505/2C Munderah Street – $737,000
38 Ingram Road – undisclosed
TURRAMURRA / WARRAWEE
Median sale price for the first half of 2016 has been recorded at $1,560,000 at -15.4% growth
As stated previously, I would suggest this includes the recent influx of unit/townhouse sales dragging this average down and comment that the rolling Median sale price is $1,850,000 at rolling growth figure of 18.4% growth
10 Avalon Street – undisclosed
3 Bangalla Street – undisclosed
41A Miowera Road – undisclosed
15D Kissing Point Road – undisclosed
20D Stonecrop Road – undisclosed
C301/2 Eulbertie Avenue – undisclosed
12/1304 Pacific Highway – $745,000
1 Blytheswood Avenue – undisclosed
43 Duff Street – $1,301,000
78 Kedumba Crescent – $1,630,000
11/1304 Pacific Highway – $702,000
17 Saddington Street – undisclosed
6 Yeramba Street – $1,411,000
36 Buckra Street – $3,010,000
6 Antoinette Close – $1,780,000
Lot 106/412-420 Bobbin Head Road – $2,770,000 – $3,220,000
57 Fairlawn Avenue – undisclosed
9 Hastings Road – $1,740,000
5 Koombalah Avenue – undisclosed
7 Milton Road – undisclosed
230 Kissing Point Road – undisclosed
5/2A Womerah Street – $1,235,000
52 Duff Street – $1,550,000
3/26 Eastern Road – $692,000
6 Howson Avenue – $1,350,000
D202/2A Eulbertie Avenue – $1,018,000
4 Coolabah Avenue – undisclosed
35 Buckra Street – $2,880,000
155 The Comenarra Parkway – $1,235,000
28 Denman Street – $1,808,000
62B Miowera Road – undisclosed
307 Bobbin Head Road – undisclosed
9 Coolabah Avenue – $1,830,000
9/1304 Pacific Highway – $754,000
PYMBLE / WEST PYMBLE
Median sale price for the first half of 2016 has been recorded at $1,900,000 at -7.3% growth
Short comment, rolling Median Sale price is $2,050,000 with a recorded rolling 9.6% growth
23 Boolarong Road – undisclosed
22 Bromley Avenue – $3,460,000
16 Dalrymple Crescent – undisclosed
57 Wyomee Avenue – $1,960,000
1 Coleridge Street – undisclosed
84 Yarrara Road – $1,915,000
1/2 Mona Vale Road – $585,000
1/4-8 Bobbin Head Road – $1,060,000
49/4-8 Bobbin Head Road – undisclosed
1 Wyomee Avenue – $1,795,000
22 Cross Street – $1,800,080
A104/2 Bobbin Head Road – $580,000
17 Avon Road – undisclosed
8 Macquarie Road – $3,420,000
516/3 Pymble Avenue – $880,000
4 Bristol – $1,780,000
ST IVES / ST IVES CHASE
Median sale price for the first half of 2016 has been recorded at $1,795,000 at 5.6% growth with 12.8% growth over the past 12 months
8 Hillcrest Drive – $1,480,000
98 Eastern Arterial Road – $1,330,000
90 Woodbury Road – $2,280,000
468/17-19 Memorial Avenue – $1,028,000
406B Mona Vale Road – undisclosed
11 Kenthurst Road – undisclosed
287 Mona Vale Road – undisclosed
35 Memorial Avenue – undisclosed
3 Matthew Close – $1,810,000
56 Alvona Avenue – $1,645,000
33 Marlborough Place – $1,400,000
9 Wirra Close – $3,800,000
10 Caringal Place – $1,750,000
64 Alvona Avenue – $1,885,000
3 Ainslie Close – undisclosed
G01/132 Killeaton Street – $770,000
21/30 Stanley Street – $860,000
704/220 Mona Vale Road – $932,500
24/2-4 Newhaven Place – $875,000
43 Carbeen Avenue – $1,720,000
333/132 Killeaton Street – $1,075,000
52 Douglas Street – undisclosed
48 Melaleuca Drive – undisclosed
61A Kenthurst Road – undisclosed
76 Warrimoo Avenue – $2,100,000
68/2 Kitchener Street – undisclosed
2/2-4 Newhaven Place – $649,000
11 Carissa Avenue – undisclosed
427/17-19 Memorial Avenue – $780,000
144 Collins Road – undisclosed
514/17-19 Memorial Avenue – $773,000
40 Gould Avenue – undisclosed
45 Kitchener Street – $1,540,000
26 Richard Road – $3,100,000
11 Robina Street – $1,700,000
526/17-19 Memorial Avenue – $762,000
NORMANHURST
Median sale price for the first half of 2016 has been recorded at $1,115,000 at –5.7% growth with a rolling Median of $1,190,000 and rolling growth of 18.8% over the past 12 months.
PENNANT HILLS
Median sale price for the first half of 2016 has been recorded at $1,327,000 at 3.9% growth but on a positive note, the rolling average is $1,300,000 with rolling growth at 9.9%
Thomas Merriman.
Thomas Merriman 