property guide 2009 - Domain.com.au

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NORTHERN BEACHES Property swell ... there are great opportunities at Palm Beach and Whale Beach. KU-RING-GAI NATIONAL PARK Palm Beach Whale Beach Avalon Ingleside GARIGAL NATIONAL PARK Mona Vale TASMAN SEA Narrabeen Grab a whale of a bargain HOMES on the northern beaches are taking longer to sell this year than last year but local agents are reporting some of the best buying opportunities on offer in years. ‘‘It’s true, there is a lot on the market right now but I only have one mortgagee sale, so I wouldn’t say it’s a distressed market,’’ says Glenn Lee, principal of Raine & Horne Palm Beach. ‘‘I think there is some great buying in Palm Beach and Whale Beach – this is still a premium suburb with only 800 houses and there are some beautiful homes that are priced to sell.’’ Richard McDonagh, principal of Barrenjoey Properties, says properties priced at less than a million dollars around Avalon are selling well but there are more properties on the market than in previous years. Australian Property Monitors’ data shows median house prices in Avalon dropped 2 per cent, whereas in Palm Beach they dropped 23 per cent. ‘‘You can buy a great property here now – a house that was selling for $1.7million 12 months ago recently sold for $1.2 million,’’ says McDonagh. John Cunningham, principal of Cunninghams Property, says northern beaches sellers have been downsizing to unburden themselves of large mortgages. ‘‘Avalon and Mona Vale have been hit really hard and turnover is down by 50 per cent,’’ he says. ‘‘We definitely saw people downsize and shore up their positions.’’ Cunningham says the lower northern beaches – from Balgowlah through to Allambie and Manly – are holding up well for family homes priced between $1million and $1.5million but anything cheaper or more expensive does not have strong demand. ‘‘That family home priced between $650,000 to $950,000 is where people are most worried,’’ he says. Cromer Seaforth Dee Why Curl Curl Queenscliff Manly North Head Apartments under $500,000 are in strong demand and there isn’t enough stock to keep first home buyers happy. Stephen Doyle, of Doyle Spillane, says properties around Dee Why and Queenscliff are selling well now that owners are pricing them more realistically. ‘‘I’m not saying our market is booming but if the property is priced realistically, it will sell within three or four weeks,’’ he says. Alex Brooks www.oceannarrabeen.com.au Luxury Beachfront Apartments Uncompromised Beachfront Location Uninterrupted Beach Views Ideal North Aspect Opulent Garden & Penthouse Apartments One of the last beachfront developments on Sydneys Northern Beaches. Meticulously designed by an award winning architect and created by multi-award winning developer CABE. Selling fast – call us now for a private viewing. Open for inspection 12 – 2pm daily 48 Ocean Street, Narrabeen Beach Lachlan Yeates Mob: 0414 660 033 Ph: 02 9982 7733 Stefan Hersee Mob: 0418 247 837 Ph: 02 9972 4977 www.cabe.com.au CAB010 24 THE SUN-HERALD PROPERTY GUIDE 2009 DOMAIN.COM.AU
NORTHERN BEACHES ALLAMBIE HTS RANK 139 MEDIAN 2007 2008 Change Trend HOUSES 782 848 8% 8.9% UNITS 480 n/a n/a n/a TOTAL SALES: 63 Auction: 1 Private: 62 TOP THREE SALES 56a Maroa Cr $1500 52 Maroa Cr $1420 55 Churchill Cr $1400 Houses -8% Units n/a AVALON RANK 94 MEDIAN 2007 2008 Change Trend HOUSES 1050 1028 -2% 7.8% UNITS 610 490 -20% 8.4% TOTAL SALES: 165 Auction: 13 Private: 152 TOP THREE SALES 4 Paradise Av $4150 141 George St $3990 17 Ruskin Rowe $3000 Houses -1% Units -3% BALGOWLAH RANK 62 MEDIAN 2007 2008 Change Trend HOUSES 1000 1181 18% 8.7% UNITS 504 534 6% 5.6% TOTAL SALES: 186 Auction: 18 Private: 168 TOP THREE SALES 37 West St $2200 3/1 King Av $2925 1/53 West St $1100 Houses -12% Units -4% BALGOWLAH HTS RANK 20 MEDIAN 2007 2008 Change Trend HOUSES 1540 1500 -3% 9.5% UNITS n/a n/a n/a n/a TOTAL SALES: 50 Auction: 10 Private: 40 TOP THREE SALES 46 Beatty St $4400 21 Tutus St $2992 7 Tabalum Rd $2900 Houses -12% Units -3% BAYVIEW RANK 44 MEDIAN 2007 2008 Change Trend HOUSES 1090 1280 17% 7.5% UNITS n/a n/a n/a n/a TOTAL SALES: 37 Auction: 3 Private: 34 TOP THREE SALES 1782 Pittwater Rd $6000 6 Kara Cr $4150 2053 Pittwater Rd $3200 Houses -2% Units n/a BEACON HILL RANK 149 MEDIAN 2007 2008 Change Trend HOUSES 763 815 7% 7.0% UNITS n/a n/a n/a n/a TOTAL SALES: 68 Auction: 4 Private: 64 TOP THREE SALES 536 Golden Gr $2100 29 Brooker Av $1750 50 Golden Gr $1635 Houses -8% Units n/a BILGOLA RANK 104 MEDIAN 2007 2008 Change Trend HOUSES 877 938 7% 6.8% UNITS n/a n/a n/a n/a TOTAL SALES: 47 Auction: 3 Private: 44 TOP THREE SALES 2a Allen Av $5000 24 The Serpentine $3200 55 Plateau Rd $1825 Houses -1% Units n/a BROOKVALE RANK 196 MEDIAN 2007 2008 Change Trend HOUSES 626 638 2% 7.6% UNITS 450 437 -3% 5.0% TOTAL SALES: 73 Auction: 1 Private: 72 TOP THREE SALES 43 Mitchell Rd $880 7/121a Old Pittwater Rd $840 8/48a Consul Rd $785 Houses -8% Units -4% CHURCH POINT RANK 28 MEDIAN 2007 2008 Change Trend HOUSES 1720 1413 -18% 7.3% UNITS n/a n/a n/a n/a TOTAL SALES: 14 Auction: 2 Private: 12 TOP THREE SALES 3 McCarrs Creek Rd $3914 2155 Pittwater Rd $1850 25 Bakers Rd $1700 Houses -2% Units n/a CLONTARF RANK 7 MEDIAN 2007 2008 Change Trend HOUSES 2100 2090 0% 9.2% UNITS n/a n/a n/a n/a TOTAL SALES: 26 Auction: 2 Private: 24 TOP THREE SALES 77a Cutler Rd $4150 65 Cutler Rd $3775 22 Alma St $2770 Houses -12% Units n/a COLLAROY RANK 112 MEDIAN 2007 2008 Change Trend HOUSES 920 903 -2% 7.3% UNITS 463 475 3% 5.8% TOTAL SALES: 256 Auction: 6 Private: 250 TOP THREE SALES 49 Edgecliffe Bvd $5250 28 Beach Rd $3775 51 Lincoln Av $2600 Houses -8% Units -3% CROMER RANK 195 MEDIAN 2007 2008 Change Trend HOUSES 731 750 3% 5.8% UNITS 410 n/a n/a 2.9% TOTAL SALES: 71 Auction: 1 Private: 70 TOP THREE SALES 108b Toronto Av $1371 11 Wolbah Pl $1155 63 Washington Av $1015 Houses -8% Units -3% CURL CURL RANK 80 MEDIAN 2007 2008 Change Trend HOUSES 1209 1088 -10% 8.4% UNITS n/a n/a n/a n/a TOTAL SALES: 29 Auction: 3 Private: 26 TOP THREE SALES 1 Curl Curl Pde $2120 24 Bennett St $1750 7 Seaview Av $1700 Houses -8% Units n/a DEE WHY RANK 157 MEDIAN 2007 2008 Change Trend HOUSES 705 830 18% 7.4% UNITS 399 400 0% 4.6% TOTAL SALES: 571 Auction: 9 Private: 562 TOP THREE SALES 52 Monash Pde $2650 188 Pacific Pde $2100 74 Quirk St $1950 Houses -8% Units -4% ELANORA HEIGHTS RANK 87 MEDIAN 2007 2008 Change Trend HOUSES 834 850 2% 7.0% UNITS n/a 618 n/a n/a TOTAL SALES: 58 Auction: 5 Private: 53 TOP THREE SALES 8a Kalang Rd $1500 22 Amaroo Av $1225 24 Lumeah Av $1200 Houses -8% Units n/a ELVINA BAY RANK N/A MEDIAN 2007 2008 Change Trend HOUSES n/a n/a n/a n/a UNITS n/a n/a n/a n/a TOTAL SALES: 1 Auction: 0 Private: 1 TOP THREE SALES 5 Sturdee La $3750 - - Houses n/a Units n/a FAIRLIGHT RANK 50 MEDIAN 2007 2008 Change Trend HOUSES 1100 1130 3% 10.3% UNITS 698 618 -11% 6.5% TOTAL SALES: 133 Auction: 12 Private: 121 TOP THREE SALES 1/59 Lauderdale Av $3500 29 Fairlight Cr $3300 2/59 Lauderdale Av $2700 Houses -12% Units -4% FRENCHS FOREST RANK 183 MEDIAN 2007 2008 Change Trend HOUSES 771 765 -1% 6.1% UNITS 578 n/a n/a n/a TOTAL SALES: 141 Auction: 2 Private: 139 TOP THREE SALES 2 Farrer Pl $1790 18 Peppercorn Dr $1600 61 Corymbia Cct $1490 Houses -9% Units n/a FRESHWATER RANK 121 MEDIAN 2007 2008 Change Trend HOUSES 993 1025 3% 8.6% UNITS 415 420 1% 4.7% TOTAL SALES: 200 Auction: 14 Private: 186 TOP THREE SALES 32 The Drive $2900 36 Kooloora Av $2580 8 Coast View Pl $2500 Houses -9% Units -3% INGLESIDE RANK N/A MEDIAN 2007 2008 Change Trend HOUSES n/a n/a n/a n/a UNITS n/a n/a n/a n/a TOTAL SALES: 3 Auction: 0 Private: 3 TOP THREE SALES - - - Houses n/a Units n/a MANLY RANK 25 MEDIAN 2007 2008 Change Trend HOUSES 1430 1450 1% 11.6% UNITS 638 627 -2% 5.7% TOTAL SALES: 432 Auction: 38 Private: 394 TOP THREE SALES 78 Bower St $7000 21/7 South Steyne $4000 3/76 North Steyne $3850 Houses -12% Units -4% MANLY VALE RANK 150 MEDIAN 2007 2008 Change Trend HOUSES 790 781 -1% 7.1% UNITS 402 435 8% 6.2% TOTAL SALES: 127 Auction: 3 Private: 124 TOP THREE SALES 14 Addiscombe Rd $1500 25 Horning Pde $1410 26 Horning Pde $1205 Houses -12% Units -3% MONA VALE RANK 113 MEDIAN 2007 2008 Change Trend HOUSES 908 857 -6% 6.3% UNITS 575 507 -12% 6.5% TOTAL SALES: 189 Auction: 7 Private: 182 TOP THREE SALES 18 Rednal St $4300 9 Hallesmith Rd $3650 2/10-16 Surfview Rd $2550 Houses -2% Units -3% NARRABEEN RANK 98 MEDIAN 2007 2008 Change Trend HOUSES 848 985 16% 10.3% UNITS 482 473 -2% 5.7% TOTAL SALES: 175 Auction: 6 Private: 169 TOP THREE SALES 9 Albert St $4027 2/1172 Pittwater Rd $2050 2/1182 Pittwater Rd $1900 Houses -8% Units -3% Newport 9979 1111 Collaroy 9972 4288 DOMAIN.COM.AU THE SUN-HERALD PROPERTY GUIDE 2009 25
Page 1 and 2: PROPERTY GUIDE 2009 WHAT YOUR HOME
Page 3: An invitation to build your wealth
Page 7 and 8: Get 1.5 steps ahead. 1.5 % off p.a.
Page 9 and 10: the grants have brought to other re
Page 11 and 12: Auburn Council for a name change to
Page 13 and 14: LOWERNORTH SHORE Perfect time for u
Page 15 and 16: LOWERNORTH SHORE LANE COVE RANK 125
Page 17 and 18: UPPERNORTH SHORE High hopes riding
Page 19 and 20: UPPERNORTH SHORE Phenomenal Success
Page 21 and 22: UPPERNORTH SHORE MARSFIELD RANK 256
Page 23: UPPERNORTH SHORE The only 1 to cons
Page 27 and 28: EASTAND INNERCITY Outlook is bright
Page 29 and 30: EASTAND INNERCITY HILLSDALE RANK 30
Page 31: EASTAND INNERCITY TAMARAMA RANK 5 M

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