Simon’s 2021 Mosman Real Estate Market Report

  1. Domain’s House price report indicates house prices rose by roughly $6,700 a week over the past 12 months.
  2. In line with the broader Sydney Market – the medium price in Mosman lifted to $4.82m.
  3. The highest price is $21.55m for a home in Coronation Avenue Balmoral. > 30 sales above $10m.
  4. We saw the lack of quality stock pushing up prices along with record low-interest rates only further assisting with price growth.
  5. Technology has become a significant part of the sales process due to the number of buyers making decisions to buy without a physical inspection.
  6. Downsizers cashed in on the COVID boom and sought out larger homes closer to the CBD.
  7. Mosman Buyers are increasing the use of buyers’ agents which is great news for sellers as these buyers are highly motivated, qualified and ready to transact.
  8. The renovation boom in Mosman has increased building costs due to the lack of available tradespeople – servicing the boom.

Get in touch with Simon to see how this can affect your next move, 0474 773 034.