Ray White Upper North Shore

Head Office 2 Turramurra Ave Turramurra 9449 9066 39 Hill St Roseville 7227 0030 18 Railway Ave Wahroonga 9489 7474 45-47 Hunter St Hornsby 9477 3323 2/237 Mona Vale Rd St Ives 9646 2075 Welcome As housing is considered essential, we are very grateful to have been able to continue to help our clients with their property needs safely throughout the June lockdown. Although the process changed, our commitment to our customers remained the same and market sentiment has remained positive. Our agents have been busy conducting private one-on-one and virtual inspections, our auctions have moved online, and our team are working remotely. The Upper North Shore property market has remained incredibly resilient throughout the current lockdown period, and we've managed to continue to achieve secure exceptional prices and sell 45 properties during June. Buyer demand remains strong in all price categories. However, we have seen a decline in auction clearance rates from 90%+ to around 70%, which we consider is more a general easing of conditions off the back of 15 months of continued price growth. Across Sydney, since the start of the lockdown, average registered bidders have jumped 25 per cent higher, which shows that buyers have embraced online auctions despite the restrictions. Our agents are also finding that the buyers they are meeting right now are very keen and serious about buying, and the market's energy is still good. Informed sellers know that now is an excellent opportunity to sell as the competition is light with stock low, but buyers interest remains high. Conditions in the rental market have also remained positive, with 28 properties leased by our team in June. Investors are returning, and days on market for houses have reduced yet again due to heightened demand. We have also seen returns stabilise in the unit space as demand is slowly but surely catching up to long- standing oversupply volumes. Our sales and property management teams are well versed and skilled to transact any sale or leasing requirement. Whilst our offices are physically closed, our staff are hard at work remotely, and our lines of communication remain open for business. Please don't hesitate to contact us if we can assist you with any property requirements you have. Greg Windel and David Walker Mosman 102 Glover Street 9969 1500 Cammeray 514 Miller Street 9955 5511 Crows Nest 102 lexander Street 8023 6880