Lower North Shore Still a Winner

There has been a lot of speculation about what this year will hold. Of all the opinions, I am believer that Lower North Shore suburbs like Mosman, Cremorne, Neutral Bay and Kirribilli will continue to rise in price. The Real Estate Buyer’s Agents Association has put a figure as high as 10% for price growth this year in key Sydney areas such as the North Shore. The Reserve Bank continues to predict rising house prices as well, with a statement this week from RBA official Philip Lowe confirming the effects of the well-publicised continuing housing shortage. Other factors such as low employment, rising migration rates and subdued inflation are also driving the continuing demand for housing.

 

The strength in the housing market is clear from the sheer numbers we are seeing at our open houses and through enquiries about our advertised properties. Auctions are also out-performing this time last year – there was an 86% clearance rate at auction in the Lower North Shore last week, up 37% from the same week in 2009. Our auction at 17 Iluka Road in Clifton Gardens last week took top dollar for the weekend, with the hammer falling on $6.15million for the stunning brand new family home.

 

So if you have been considering selling, now is a fantastic time to get your home ready for sale and on to the market. And if you have been considering buying, it’s a great time to secure a home and watch the value grow. Give me a call today to discuss how to optimise your return.

 

 

 

Some of our Recent Success:

 

17 Iluka Road, Mosman - SOLD - Top auction price for the weekend

9 Silex Road, Mosman - SOLD - Off of Century 21 Buyer Database

148 Cowles Road, Mosman - SOLD - At auction, 5 registered bidders

2/814 Military Road, Mosman - SOLD - Prior to marketing campaign

 

Latest listing:

 

4 Tivoli Road, Mosman - 5-Bedroom Balmoral Residence

2B Park Avenue, Mosman - Luxury Freestanding Townhome

21 Wudgong Street, Mosman - The Great Entertainer

 

All the best,

 

Joshua Wygoda
Century 21 Resnekov Realty
02 9968 1700 - 0414 666 190
Lower North Shore property experts