Quarterly Market ReportApartments and Townhouses | Neutral Bay

Quarter 1 - 2016

Your LocalNeutral BayThe first quarter of 2016 turned out to be very strong for Neutral Bay with growth of 10%. 3 bedroom properties were the clear winner for the quarter with a whopping 31% growth, 2 bedroom apartments had a slight decrease with a 2% decline in prices since last quarter and 1 bedroom saw a 3% decline. There were 26 fewer properties transacted compared to the last quarter. This demonstrates tight stock levels are playing a major part in strong sales results for Neutral Bay.

In the first quarter (January to March), there were a total of 51 apartments/townhouses sold in Neutral Bay with an average selling price of $1,062,267. When you compare this to Q4 of 2015, which was $953,707, this indicates a marked increase of $108,560.

Now is a great time to sell as stock levels remain tight and will get tighter as we move towards winter. There could possibly be some uncertainty later in the year with a pending election which generally makes buyers pause and be more cautious so now is the time to take advantage of the strong buyer demand. We would love the opportunity to confidentially discuss your next move.

Average Price No. Sold Difference from Q4, 2015

1 bed $602,350 10 -$17,938

2 bed $986,156 19 -$23,260

3 bed $2,166,000 21 +$673,920

4 bed $2,725,000 1

NEUTRAL BAY STATISTICS

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS$1,100,000

$1,005,000

Neutral Bay North Sydney LGA

$530,000

$625,000

$720,000

$435,000

$815,000

$910,000

$245,000

$340,000

$150,000

Dec 16 Jan 16 Feb 16Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

Your LocalNeutral Bay

OUR RECENT SALES

4/13 Montpelier Street

3/2A Darley Street

1/6 Montpelier Street

5/369 Alfred Street

2/32 Waters Road

Street Address Beds Baths Cars Price

3/2A Darley Street 1 1 1 $765,000

109/21 Grosvenor Street 1 1 0 $558,000

30/8 Hardie Street 1 1 1 $622,000

3/11 Harriette Street 1 1 1 $715,000

2/13 Harriette Street 1 1 1 $641,000

15/107 Kurraba Road 1 1 1 $785,000

7/4 Waters Road 1 1 1 $590,000

5/369 Alfred Street North 2 2 1 $975,000

22/50 Aubin Street 2 1 1 $980,000

25/37-45 Barry Street 2 1 1 $1,135,000

4/118 Ben Boyd Road 2 1 1 $900,000

6/1-3 Darley Street 2 1 0 $765,000

4/193 Falcon Street 2 1 1 $890,000

24/62-66 Grosvenor Street 2 2 1 $1,311,000

24/2 Lindsay Street 2 1 1 $720,000

1/9 Merlin Street 2 1 1 $855,000

4/13 Montpelier Street 2 1 0 $765,000

4/39-41 Raymond Road 2 2 1 $955,000

15/17 Shellcove Road 2 1 1 $1,850,000

28/2 Spruson Street 2 2 1 $1,190,000

10/82-86 Undercliff Street 2 1 1 $800,000

5/373 Alfred Street North 3 2 1 $971,000

105/433 Alfred Street North 3 2 2 $1,250,000

6/87 Bent Street 3 2 2 $1,875,000

4/125 Kurraba Road 3 2 2 $2,560,000

39/2 Spruson Street 3 2 2 $1,540,000

401/9 Yeo Street 3 1 2 $4,800,000

1/182 Kurraba Road 4 3 3 $2,725,000

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 Passlow 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 for the making each step is

impressive. I couldn’t rate Clare any more highly. Thank you again Clare.” - Cathy Challinor

“Clare and her team were such a dream to work with. They went above and beyond to ensure that the property could be prepared for sale. They had every base covered from the complimentary session with a stylist which was really helpful and added so much value to ensuring our tenant was happy and cooperative. Would definitely sell through Clare and her team again.” - Jessica Tan

CONTACT YOUR URBAN LIVING SPECIALISTS

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

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.

Clare PasslowD 8969 4149M 0422 004 825E cpasslow@ljhooker.com

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

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

Michael PembrokeD 8969 4145M 0432 226 945E mpembroke@ljhooker.com