- Domain’s House price report indicates house prices rose by roughly $6,700 a week over the past 12 months.
- In line with the broader Sydney Market – the medium price in Mosman lifted to $4.82m.
- The highest price is $21.55m for a home in Coronation Avenue Balmoral. > 30 sales above $10m.
- We saw the lack of quality stock pushing up prices along with record low-interest rates only further assisting with price growth.
- Technology has become a significant part of the sales process due to the number of buyers making decisions to buy without a physical inspection.
- Downsizers cashed in on the COVID boom and sought out larger homes closer to the CBD.
- 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.
- 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.