RH Northbridge Market Report

What’s happening in the Lower North Shore The beginning of 2021 saw a sudden boom in property prices across Sydney and, more importantly, the Lower North Shore. Real estate agents were inundated with buyer enquiry, numbers through open homes hit triple digits, auctions soared through reserves by hundreds-of-thousands-of-dollars as buyers scrambled to get into the market before they...couldn’t. We are now into quarter two and prices have held strong. There has certainly been a shift in buyer sentiment this quarter - a high number of buyers purchased in the first quarter frenzy, and others who were disillusioned by missing out time and time again made the decision to sit it out and wait as they refused to pay what they believed were over-inflated prices. However, as buyers are also sellers we are now seeing the knock- on effects of less properties coming onto the market. Couple this with the traditionally quieter winter period for property transactions and what we have is a massive shortage of property and prices stable at the pre-established higher levels from quarter 1. SOLD DATE ADDRESS LAND SIZE (SQM) BED BATH CAR SOLD PRICE 19/06/2021 57 BARINGA RD 601 4 3 1 $4,500,000 15/06/2021 44 TUNKS ST 613 4 2 2 $4,310,000 10/06/2021 4 UPPER MINIMBAH RD 632 5 3 2 $4,300,000 03/06/2021 36 BARINGA RD 650 5 5 3 $4,900,000 03/06/2021 5 NAROOMA RD 650 5 3 2 $5,330,000 29/05/2021 41 NEEWORRA RD 650 5 3 2 $9,150,000 21/05/2021 16 COURALLIE RD 664 6 4 2 $4,850,000 21/05/2021 4 KAMERUKA RD 762 4 4 2 $3,900,000 12/05/2021 78 BARINGA RD 650 4 3 1 $3,930,000 10/05/2021 29 WEEMALA RD 841 5 3 2 $6,800,000 10/05/2021 312 SAILORS BAY RD 746 4 3 2 $4,950,000 05/05/2021 36 KAMERUKA RD 241 3 2 1 $2,615,000 04/05/2021 17 NARANI CRES 696 3 2 2 $4,305,000 28/04/2021 40 MINIMBAH RD 645 4 3 3 $5,850,000 16/04/2021 44 CALBINA RD 1,378 4 3 2 $4,470,000 14/04/2021 27 NEEWORRA RD 650 5 3 2 $7,225,000