Suburb Sales Reports
Click on the suburb links below for area-specific sales results and real estate news from your HM Group Suburb specialist:
The 2018 Lower North Shore real estate market so far...
We are seeing an interesting marketplace develop since a general easing of the boom in late 2017 with the pendulum shifting towards buyers generally. The Lower North Shore has however defied the wider Sydney market in many ways, remaining very resilient and healthy, albeit more price sensitive.
Our Auction clearance rates remain consistently above 70%, against the wider Sydney clearance rate of around 55-60%, showing plenty of demand still in place. Investors are also still very active, even allowing for tougher lending criteria imposed by many major banks.
Supply levels remain stubbornly low, helping to ensure properties priced correctly are selling well, while those that are perceived as overpriced will prove difficult to move. Buyers are still expecting and willing to pay good prices, but will not be pushed into any uncomfortable territory without genuine competition. We have seen some great auction results this year, where buyers are seeing value and are willing to compete, with educated vendor price expectations being the key to strong results.
The Raine & Horne HM Group advantage in introducing buyers from different areas up and down the North Shore corridor has been of great benefit to our clients. These extra buyers have gone a long way to adding momentum and $$$ to our clients' sale results.
For any of your property requirements being buying, selling or leasing across the lower north shore please don’t hesitate to contact Raine & Horne HM Group.