Ray White Upper North Shore

In the last week of June, Sydney went into the strictest lockdown this city has seen since the pandemic began. The next thing we knewwas our kids spent the whole of their term three remote learning at home. Then spring came, vaccination rates went up (thank you everyone), restrictions started to ease. Our local parks are full of people having a picnic with fully vaccinated families and friends; kids are roaming the streets on their bikes and skateboards with their bubble buddies. What a nice feeling it will be when we finally come out of lockdown this quarter. In the July - September quarter, we saw soaring prices in real estate, especially in the north shore area. A few sales by my team are worth mentioning: 51 Wellington Road, East Lindfield went up in value by 9.2 % in two months (sold in May 2021 for $4,500,000 and then sold again in July 2021 for $4,915,000); 35 William Street, Roseville was sold in two weeks for $13,800,000, setting a Roseville record (sold by Lisa Davies and I); 12/43 Lindfield Avenue became the 1st one-bedroom apartment ever sold for over $1,000,000 in the whole upper north shore. Why have prices been going up so quickly? Throughout 2020-2021, we saw more and more buyers from other parts of Sydney purchasing real estate in our local area not only for schooling but also for large land & house sizes, which made work and study from home a lot more comfortable. Due to the lockdown measures in the 3rd quarter, there has been a shortage of properties for sale and buyers had to fight hard to secure their dream homes. When the supply increases in the coming months, I believe we will see house prices start to stabilise. Have a lovely summer! Jessica Cao 0466 877 260 |  jessica.cao@raywhite.com WELCOME TO MY Q3 MARKET UPDATE