Prices Will Rise As Stock Levels Fall In These Suburbs
Kanebridge News
Share Button

Prices Will Rise As Stock Levels Fall In These Suburbs

The areas to be hit hardest by falling stock levels.

By Terry Christodoulou
Wed, Mar 23, 2022Grey Clock < 1 min

House prices are set to rise higher again across a number of suburbs such as North Sydney, Stanmore and Freshwater in Sydney as levels fall below one month of stock new research from Suburb Trends.

Elsewhere, Belmont and Highton in Geelong, Victoria, Conder and Evatt in Canberra and Dapto in the Illawarra region of NSW could also post strong growth in the months ahead despite the indicated slowdown in values across the capitals.

Where owners and vendors are holding tight, and inventory levels and days on market are low, it places upwards pressure on prices.

In North Sydney and Mosman, the inventory level has dropped from 1.3 months to under one month in the past year. Only 1.1% of houses changing hands in that suburb while prices are up by 32% in the past year.

In Stanmore, Sydney’s inner west, stock levels have dropped from 2.5 months to under one month in the same period. Only 5.7% of the total housing stock was sold in the past year which has fuelled a 28% price leap.

Collaroy and Freshwater saw only 4.7% of the total housing stock listed for sale triggering house price increases of 39% and 29% respectively.

MOST POPULAR

Interior designer Thomas Hamel on where it goes wrong in so many homes.

Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.

Related Stories
By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174