2022 Year in review J U LY - D E C EMB E R 2 0 2 2 Courtesy of Domenic Maxwell Ray White Upper North Shore – Hornsby
WELCOME TO MY MARKET UPDATE 2022 represented a year of change for property markets across Australia. With some normality returning to day to day life post lockdowns, to consistent interest rate rises throughout the year, there are many and varied views on how the next 12 months will play out in the property space. Reflecting on 2022, we observed a couple of key trends: • In comparison to the broader NSW market, the Upper North Shore weathered the changing market well, with significantly less of a price adjustment than many other regions throughout the state. • Buyers still want to buy! Appetite for property in our area remains strong. Yes, buyers’ borrowing capacity has reduced to a certain degree, however there is still a solid number of qualified, serious buyers active in the marketplace. As we move into 2023, we anticipate a more transactional market. As we saw more consistency in sales and a higher volume of transactions over the last quarter of 2022, more sellers have found confidence to sell and we expect this will result in an increased number of listings as we move through the year. There is immense opportunity in the marketplace, and being armed with the right advice will put you in the best position to push forward with your property goals. If there is any aspect of the market we can assist with throughout 2023, please feel welcome to reach out at any time. My team and I look forward to being of service. Domenic Maxwell 0434 537 577 domenic.maxwell@raywhite.com Ray White Upper North Shore & Dom Maxwell sell more strata properties than any other agency in our market Here’s the proof. raywhiteuppernorthshore.com.au Source: Pricefinder Data 1 January - 31 December 2022 31 4 4 3 6 7 9 16 5 78 Competitors Ray White
DOM’S HIGHLIGHT SALES IN 2022 36/4 Bobbin Head Road, Pymble 64/1 Womerah Street, Turramurra 18/1 Munderah Street, Wahroonga 1/1026 Pacific Highway, Pymble 6/6 Finlay Road, Turramurra 22/2 Cherry Street, Warrawee 2/9 Telegraph Road, Pymble 14/24 Eastern Road, Turramurra 4/1359 Pacific Highway, Warrawee 535/2C Munderah Street, Wahroonga 5/25 Millewa Avenue, Wahroonga 3/1310 Pacific Highway, Turramurra SOLD $1,050,000 SOLD $1,175,000 SOLD $1,050,000 SOLD $1,193,000 SOLD $1,600,000 SOLD $1,205,000 SOLD $2,200,000 SOLD $630,000 SOLD $1,510,000 SOLD $875,000 SOLD $1,300,000 SOLD $770,000
DOM MAXWELL’S 2022 SALES Sale Date Property Sale Price 28/1/2022 9 Meluca Crescent HORNSBY HEIGHTS $2,050,000 28/1/2022 29/6 Clydesdale Place PYMBLE $1,447,500 4/2/2022 62/11 Woniora Avenue WAHROONGA $ 813,000 8/2/2022 401/28 Turramurra Avenue TURRAMURRA $2,095,000 9/2/2022 122 Woonona Avenue WAHROONGA $1,160,000 10/2/2022 34/1-3 Eulbertie Avenue WARRAWEE $ 810,000 15/2/2022 1/19-21 Turramurra Avenue TURRAMURRA $1,230,000 15/2/2022 102/2-10 Orara Street WAITARA $ 915,000 18/2/2022 102/2C Munderah Street WAHROONGA $ 930,000 19/2/2022 5/206 Pacific Highway LINDFIELD $ 982,000 21/2/2022 2/10-12 Carrington Street WAHROONGA $1,350,000 23/2/2022 70/5-15C Lamond Drive TURRAMURRA $ 840,000 3/3/2022 804/10 Avon Road PYMBLE $ 796,000 9/3/2022 11 The Bastion HORNSBY $1,586,000 9/3/2022 507/3-5 Clydesdale Place PYMBLE $1,000,000 10/3/2022 68/11-21 Woniora Avenue WAHROONGA $ 841,500 12/3/2022 35A Montview Parade HORNSBY HEIGHTS $1,662,000 18/3/2022 4/1 Knox Place NORMANHURST $ 980,000 19/3/2022 31/1740 Pacific Highway WAHROONGA $1,200,000 24/3/2022 11/9 Eastern Road TURRAMURRA $1,626,000 24/3/2022 1/1679 Pacific Highway WAHROONGA $ 835,000 31/3/2022 505/2C Munderah Street WAHROONGA $ 900,000 1/4/2022 225/2C Munderah Street WAHROONGA $ 830,000 2/4/2022 1/68 Coonanbarra Road WAHROONGA $2,470,000 5/4/2022 3 Lisgar Road HORNSBY $1,780,000 6/4/2022 53/181-183 St Johns Avenue GORDON $1,500,000 19/4/2022 146/8-12 Thomas Street WAITARA $ 760,000 21/4/2022 45/3-13 Bundarra Avenue WAHROONGA $1,010,000 22/4/2022 239/ 132-138 Killeaton Street ST IVES $ 806,000 22/4/2022 46/1740 Pacific Highway WAHROONGA $1,180,000 28/4/2022 11/1 Lamond Drive TURRAMURRA $ 800,000
Sale Date Property Sale Price 29/4/2022 10/22 Eastern Road TURRAMURRA $ 852,000 30/4/2022 1/4 Redleaf Avenue WAHROONGA $2,425,000 3/5/2022 19/1740 Pacific Highway WAHROONGA $1,050,000 13/5/2022 39 Nursery Street HORNSBY $1,875,000 19/5/2022 10/1292 Pacific Highway TURRAMURRA $ 660,000 20/5/2022 7/5 Lamond Drive TURRAMURRA $ 600,000 20/5/2022 502/36-40 Romsey Street WAITARA $ 680,000 31/5/2022 602/2C Munderah Street WAHROONGA $ 660,000 2/6/2022 1 Jamieson Way THORNLEIGH $1,400,000 3/6/2022 11/16-18 Boyd Street TURRAMURRA $ 870,000 7/6/2022 20/1740 Pacific Highway WAHROONGA $1,060,000 15/6/2022 66/1-3 Cherry Street WARRAWEE $ 820,000 18/6/2022 9/25-27 Millewa Avenue WAHROONGA $1,360,000 20/6/2022 30/75-79 Jersey Street North HORNSBY $ 307,000 24/6/2022 10/100 Browns Road WAHROONGA $1,400,000 27/6/2022 51/6-10 Romsey Street WAITARA $ 490,000 30/6/2022 75/1 Womerah Street TURRAMURRA $1,285,000 11/7/2022 36/4-8 Bobbin Head Road PYMBLE $1,050,000 13/7/2022 22/183 St Johns Avenue GORDON $1,800,000 13/7/2022 104/29 Lindfield Avenue LINDFIELD $1,330,000 13/7/2022 G04/1407 Pacific Highway WARRAWEE $1,195,000 15/7/2022 2/16-18 Boyd Street TURRAMURRA $ 760,000 15/7/2022 6/6 Finlay Road TURRAMURRA $1,600,000 21/7/2022 504/2c Munderah Street WAHROONGA $ 875,000 22/7/2022 402/1 Heydon Avenue WARRAWEE $1,050,000 22/7/2022 411/1454 Pacific Highway TURRAMURRA $ 630,000 26/7/2022 4/1359 Pacific Highway WARRAWEE $1,510,000 28/7/2022 21/16 Merriwa Street GORDON $1,200,000 29/7/2022 18/1-3 Munderah Street WAHROONGA $1,050,000 5/8/2022 2/9 Telegraph road PYMBLE $2,200,000 10/8/2022 15/1304-1308 Pacific Highway TURRAMURRA $ 705,000
Sale Date Property Sale Price 13/8/2022 5/25-29 Millewa Avenue WAHROONGA $1,300,000 13/8/2022 10/24 Eastern Road TURRAMURRA $ 845,000 17/8/2022 B601/3 Fitzsimons Lane GORDON $1,230,000 1/9/2022 22/2B Womerah Street TURRAMURRA $ 805,000 1/9/2022 402/29 Lindfield Avenue LINDFIELD $1,200,000 2/9/2022 64/1 Womerah Street TURRAMURRA $1,175,000 2/9/2022 609/904-914 Pacific Highway GORDON $ 950,000 10/9/2022 11/1-3 Eulbertie Avenue WARRAWEE $ 722,500 10/9/2022 8 Kingsley Close WAHROONGA $1,792,500 21/9/2022 14/2B Womerah Street TURRAMURRA $ 800,000 24/9/2022 21/2 Jersey Street TURRAMURRA $1,542,000 26/9/2022 5/1679 Pacific Highway WAHROONGA $ 630,000 28/9/2022 1/10 Ray Street TURRAMURRA $ 810,000 29/9/2022 123/21-37 Waitara Avenue WAITARA $ 712,900 15/10/2022 22/2 Cherry Street WARRAWEE $1,205,000 21/10/2022 535/2c Munderah Street WAHROONGA $ 875,000 21/10/2022 23/181-183 St Johns Avenue GORDON $1,655,000 2/11/2022 406/1454 Pacific Highway TURRAMURRA $ 735,000 4/11/2022 521/2c Munderah Street WAHROONGA $ 805,000 5/11/2022 5/165-167 Rosedale Road ST IVES $1,166,500 5/11/2022 1/1026-1028 Pacific Highway PYMBLE $1,193,000 5/11/2022 819/8 Avon Road PYMBLE $ 850,000 12/11/2022 14/24 Eastern Road TURRAMURRA $ 630,000 24/11/2022 3/1310 Pacific Highway TURRAMURRA $ 770,000 29/11/2022 16/2 Woonona Avenue WAHROONGA $ 805,000 2/12/2022 B301/2 Bobbin Head Road PYMBLE $ 630,000 10/12/2022 54/181-183 St Johns Avenue GORDON $1,500,000 12/12/2022 68/1 Lamond Drive TURRAMURRA $1,000,000 14/12/2022 15/1-3 Munderah Street WAHROONGA $1,020,000 21/12/2022 11/460 Pacific Highway LINDFIELD $ 866,500 23/12/2022 23/24-28 College Crescent HORNSBY $ 422,500 23/12/2022 40/2 Finlay Road TURRAMURRA $ 850,000
FAST FACTS Source: Pricefinder and realestate.com.au 1 January - 31 December 2022 TURRAMURRA WAHROONGA WARRAWEE $542,500 $450,000 $470,000 $400,000 $585,000 $601,000 2. LOWEST PRICE $3,350,000 $2,900,000 $3,555,000 $3,995,000 $3,120,000 $2,500,000 3. HIGHEST PRICE $900,000 $1,000,000 $1,050,000 $975,000 $845,000 $900,000 MEDIAN UNIT PRICE 4. 2022 2021 1. NUMBER OF APARTMENTS SOLD 141 109 107 91 42 27 Strata Agent: Domenic Maxwell NUMBER 1 Strata Agency: Ray White Upper North Shore NUMBER 1 Strata Agent: Domenic Maxwell NUMBER 1 Strata Agency: Ray White Upper North Shore NUMBER 1 Strata Agent: Domenic Maxwell NUMBER 1 Strata Agency: Ray White Upper North Shore NUMBER 1 TURRAMURRA WAHROONGA WARRAWEE
39 Hill Street Roseville NSW 2069 18 Railway Avenue Wahroonga NSW 2076 Shop 2, 237 Mona Vale Road St Ives NSW 2075 raywhiteuppernorthshore.com.au Ray White Upper North Shore | 9489 7474 | 9489 1961 Head Office: 2 Turramurra Avenue, Turramurra NSW 2074 45-47 Hunter Street Hornsby NSW 2077 A WORD FROM MY CLIENTS Domenic Maxwell 0434 537 577 domenic.maxwell@raywhite.com Highly experienced “Domenic and the Ray White team were exceptional to work with, very knowledgeable, highly experienced, especially in the local apartment market and responsive to all my questions. I would have no hesitation in recommending Domenic and his team to market and sell your property.” VENDOR - ANDREW, 1/10 RAY STREET, TURRAMURRA Hard working and thorough “Domenic Maxwell is a very hard working agent with a thorough knowledge of the area and the market. He leads an equally hard working team who were friendly, respectful and patient and for which nothing was too much trouble. I was kept fully informed at all times of the progress of my sale and had a great outcome.” VENDOR - ROSLYN, 1/1026 PACIFIC HIGHWAY, PYMBLE The greatest negotiator “Dom is an expert and a great communicator so as his client you are always informed of everything. He helped us to purchase our first property and he also sold two units for us. My experience with him has just been amazing. He delivers what he promises! By far, he is the best advisor and the greatest negotiator in the area.” VENDOR - MARTIN & SUSAN, 14/24 EASTERN ROAD, TURRAMURRA We’d choose Dom again “Cheerful and optimistic at every turn, we found Dom attentive and responsive to our needs. If not for Dom’s professional guidance we couldn’t have achieved the sale in such a short period. It was Dom’s timely strategies that found us a buyer who appreciated the property. We couldn’t have done it without Ray White, and if we had another property to sell, we’d certainly choose Dom!” VENDOR - MALLIHA, 15/1 MUNDERAH ST, WAHROONGA P E R F O R ME R 21- 22
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