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Market Insights Report: January to June 2018

By Richard Harding

To make informed decisions in regards to the property market, you need the most relevant and up-to-date information available. This can be difficult when the media’s perception of the market is changing from week to week.

Whether you are looking to acquire a new property or sell your existing home, we know how stressful the process can be and it is our goal to make the journey as seamless as possible. We have used our extensive local knowledge, experience and raw statistics to interpret the data to give you a comprehensive view of the market across the Lower North Shore.

In comparing the median sales prices over the last ten years, the results show that although the market has eased, it remains high relative to the growth spike seen in recent years.

The trophy home market is the stand-out performer with the Mosman ultra-prestige housing market on track for its strongest year ever. From January to June 2018, there have been 13 sales of more than $10,000,000, totalling more than $169,000,000 in real estate.

Several suburbs across the Lower North Shore have proven to be remarkably resilient. Cremorne Point provides the perfect example of exceptional growth rates with increases well above 50% across both houses and apartments over the past six months. Additionally, Neutral Bay has had stable growth in both the house and unit markets, with values climbing 12.8% and 7.8% respectively.

Click here to view the full Market Insights Report for January to June 2018

Kind regards,

Ray White Lower North Shore Group

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