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Quarterly Market Report
North Mosman | Middle Harbour | Beauty Point
Brought to you by your area specialist, Cameron Scott
Quarter 1, 2014
Welcome to my quarterly market report...
From Cameron Scott – Area Specialist
North Mosman | Middle Harbour | Beauty Point
In 2013 Sydney recorded its strongest annual house price growth in a decade, increasing by
15%. The Lower North Shore exceeded the Sydney median with house price medians increasing
21% to $1.5m, and units increasing 18% to $710,000.
2014 is continuing the strong trend, and is shaping up to be a record-breaking year for
apartment and house sales in Mosman. Auction clearance rates are an excellent reflection of
market confidence. Sydney clearance rates are tracking at 70% versus the long term average
of 62%. LJ Hooker Mosman’s clearance rate is currently around 88%.
With interest rates remaining low and buyer confidence at an all-time high, now is a great time
to capitalise on the market and make a move. Following our successful sales in Beauty Point
Rd, Bond St, Bray St, Dalton Rd, Hale Rd and Pearl Bay Ave, we have buyers ready to go. I would
love the opportunity to catch up in person and discuss your property’s potential in this market.
Cameron Scott
Area specialist
LJ Hooker Mosman
P: 02 8969 4116
M: 0488 105 110
E: [email protected]
Mosman statistics
In the first quarter of 2014 (January to March),
there were a total of 182 apartments/houses sold
in the Mosman postcode. North Mosman/Middle
Harbour/Beauty Point represented 20% of this
sales volume with 35 properties exchanged. The
cheapest house was a lovely Ourimbah Rd semi
on 288sqm fetching between $1.1m & $1.2m,
and the dearest was a luxury waterfront home
in Julian St selling for almost $14 million.
Type
Cheapest
Dearest
Average
Price
Units
$505,000
$1,110,000
$776,000
No.
Sold
9
Semis /
$1,150,000* $1,950,000
Townhouses
$1,462,000
9
Houses
$1,900,000
$2,655,000
14
Houses /
Waterfront
Reserve
$3,900,000* $13,880,000
$8,419,000
5
*Approx (undisclosed)
$3,750,000
Source: APM & RP Data
Mosman monthly sales history
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$000,000
Mar Apr May Jun
13 13 13
13
Houses
Jul Aug Sep Oct Nov Dec Jan Feb
13 13 13 13 13 13 13 14
Units
Recent sales
North Mosman | Middle Harbour | Beauty Point
Address
34 Julian Street, Mosman
Bed Bath Car
Price
4
5
5
$13,880,000
35 Carrington Avenue, Mosman 5
40A Bay Street, Mosman
5
3 Carrington Avenue, Mosman 6
28 Bay Street, Mosman
4
17 Everview Avenue, Mosman 5
19 Pearl Bay Avenue, Mosman 4
4
4
$11,060,000
4
4
3
4
3
6
2
4
2
2
$7,200,000
$6,050,000
$3,900,000
$3,750,000
$3,500,000
11 Euryalus Street, Mosman
20 Bray Street, Mosman
20 Lang Street, Mosman
51 Bay Street, Mosman
11 Bray Street, Mosman
115 Bay Street, Mosman
120 Awaba Street, Mosman
101 Bay Street, Mosman
40 Central Avenue, Mosman
5
4
4
5
4
3
3
4
4
4
2
2
3
4
2
2
2
2
3
2
1
2
2
2
2
2
0
$3,150,000
$2,750,000
$2,700,000
$2,600,000
$2,505,000
$2,350,000
$2,250,000
$2,180,000
$2,175,000
22A Bapaume Road, Mosman
3
2.5
2
$1,950,000
5 Beauty Point Road, Mosman
46 Dalton Road, Mosman
45 Hale Road, Mosman
15 Everview Avenue, Mosman
3
3
4
2
1.5
2
2
1
2
1
1
1
$1,900,000
$1,700,000
$1,600,000
$1,470,000
12 Ourimbah Road, Mosman
88 Awaba Street, Mosman
4
3
2
2
1
1
$1,455,000
$1,425,000
1/7 Lang Street, Mosman
73 Ourimbah Road, Mosman
37 Heydon Street, Mosman
100A Ourimbah Road, Mosman*
B4/112-114 Cowles Road
2/25 Bapaume Road, Mosman
4
3
2
2
2
2
2
1
1
1
2
1
1
1
1
1
1
0
$1,385,000
$1,225,000
$1,225,000
$1,150,000
$1,110,000
$1,000,000
3/11 Bapaume Road, Mosman
10/1A Bond Street, Mosman
55/6 Hale Road, Mosman
21/17 Heydon Street, Mosman
3/53 Spit Road, Mosman
11/33 Heydon Street, Mosman
2
2
2
2
2
1
1
2
1
1
1
1
1
2
1
1
1
1
$905,000
$888,000
$800,000
$635,000
$580,000
$560,000
203/450 Military Road, Mosman 1
1
1
$505,000
*approx, Undisclosed Price
46 Dalton Road, Mosman
40 Central Avenue, Mosman
2/25 Bapaume Road, Mosman
5 Beauty Point Road, Mosman
15 Everview Avenue, Mosman
LJ Hooker’s recent sales in North Mosman, Middle Harbour and Beauty Point positively
reflect the improvement of market conditions brought about by sustained low interest
rates, a significantly improved stock market and low unemployment rates. The current
market is the strongest it has been in 10 years, with increasing interest from Asian
buyers for quality homes with views and from families looking to upgrade to bigger
homes.
To support this buyer demand, LJ Hooker Mosman has engaged the services of
Cameron Scott. With the firm backing of the no.1 office in Australia’s no.1 real estate
brand, Cameron boasts invaluable expertise from a solid background in both real
estate and financial services and is currently working with clients who are specifically
looking to purchase a property in your area.
If you are considering selling in 2014, call Cameron Scott today on 0488 105 110.
With such an active and up-to-date database, chances are we have already met the buyer for your home...
Why is LJ Hooker #1?
•
•
•
•
#1 real estate brand (Newspoll Brand Track Oct 2013) – LJ Hooker is rated as the best known real
estate brand in Australia
#1 major network of the year (REB 2013 National Australian Real Estate Awards) – based on brand,
technology, support, services & value
#1 agency website (Google Analytics) – at any one time there are 50,000+ listings and over
1 million unique visitors each month
#1 Public Relations (Media Monitors) – last year LJ Hooker received an amazing $800 million
worth of free press
Why should LJ Hooker Mosman be your #1 choice?
•
•
•
•
•
Awarded the no.1 office in the worldwide network (700+ offices) for 2011, 2012 and 2013
An unrivalled digital marketing strategy including professional video productions
China’s no.1 property website, a Chinese concierge and direct access to the expat market
Sydney’s most successful private auction room – creating a wonderfully competitive atmosphere
5 specialised departments under one roof to cater to all of your real estate needs
If you would like to receive this report on a
quarterly basis, either digitally or printed, please
contact your area specialist, Cameron Scott.
P: 02 8969 4116
M: 0488 105 110
E: [email protected]
LJ Hooker House
102 Glover Street
Mosman NSW 2088
9969 1500
mnb.ljhooker.com.au
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.