The lower north shore: Sydney's awakening property giant

The lower north shore: Sydney's awakening property giant
Jonathan ChancellorDecember 7, 2020

Any vendor on Sydney's lower north shore on the weekend would have been virtually guaranteed of finding a buyer.

50 of the 51 homes in the region sold, which APM's senior economist Dr Andrew Wilson noted amounted to a staggering 98% clearance rate.

It is the awakening sleeping giant, as it was quite slow in recovering from the global financial crisis slowdown.

The three reported Mosman sale were all small apartments, not the trophy homes that dominate the market. The three apartments sold for between $552,000 and $891,000.

Neutral Bay had a pricier $2.5 million apartment sale within the prestigious Residenza La Mare complex.

The two level sub penthouse with harbour views (pictured above) sold through McGrath agent Adrian Rae. The 253 square metre sold at $2,125,000 in late 2013 and $2,066,000 in 2009 off the plan with two year delayed settlement terms by Luxcon Developments.

The 43 Kurraba Road complex was initially marketed during construction as the Lower North Shore’s newest, most exclusive and privileged new address.

The next best weekend auction region in Sydney after the lower north shore was the regular engine room, the inner west with 92%, from the most sales at 102. 

This was followed by the northern beaches with 91%, the upper north shore with 89%, the city and east with 88%, the south with 87%, the north west with 86%, the west with 85%, Canterbury Bankstown with 83%, the south west with 81% and the Central Coast with 70%. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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