2018 is an interesting time to be in real estate, as Sydney evolves as a city. We’re moving from a suburban to a more urban landscape, but it’s not just the cityscape - infrastructure, technology, the way we live and our property dreams have all changed too. We’re a global city on the move.
This change and all the challenges it brings is exciting - real estate as an industry has had to evolve too. And I’m excited to be a part of The Agency: a company that is connected in understanding that change, which means we can service our clients in the best possible way.
As a real estate agent it’s my job to understand where our clients are at in their lives and how we can assist them move forward by buying or selling. I’ve been helping the residents of the Lower North Shore buy and sell property for more than 15 years, and my focus is on building long-term relationships with integrity, trust and transparency.
One of the changes our team has observed is that the market has become a lot more sophisticated in recent years. And buyers are keen to invest in quality.
The Lower North Shore property market represents the very best of Sydney.
Mosman, Cremorne and Neutral Bay are close to the centre of our world-class city, with the added bonus of the harbour foreshore, amazing views, parks, shops, schools, and a community village feel.
There’s an excellent choice of blue-ribbon housing stock - from modern units, to semis and townhouses, family homes, heritage and architect designed properties and prestige estates. Our team take a customised approach to each property, and to our sellers and buyers property journey. It’s about working out what each home has to offer and matching it with the demographic that best suits the home, through a carefully tailored marketing plan and our extensive database of contacts.
While the end of 2017 saw talk of a slowing market, the Lower North Shore is an area with solid, sustained demand. As we enter 2018 Mosman’s median house price is $3.829m, Cremorne’s is $2.7m, and Neutral Bay sits at $2.275m. Apartment sales are also strong with a median unit price of $1.225m in Mosman, $1.175m in Cremorne, and $1m in Neutral Bay. Auction clearance rates across Sydney as a whole were hovering below 60%, but in the North Sydney and Hornsby area they stood at just over 72% according to preliminary Corelogic first quarter figures, showing the area is still a strong sellers market.
We’ve compiled a free market snapshot you can download, to share with you some of the market trends we’ve been seeing in the local area. If you’d like to know more about anything you read, please get in touch.