Looking Back – North Turramurra in summary

Sydney continues to lead the way in median house price growth, reflecting a level of demand that is considerably in excess of supply. The median house price was $895,000 at the end of June, rising 9.8% year on year. 

With a majority of suburbs in Sydney now recording a median house price in excess of one million dollars, first home buyers are getting priced out of the market. Tight supply levels continue to constrain the market, as shown in strong median price growth and fewer new properties being listed for sale*. 

The market in North Turramurra has continued to strengthen with the median house price rising from $1,505,458 in 2015 to $1,745,455 in 2016**. A total of 46 homes were sold in 2015 versus 38 last year, indicating a reduction of 17.4% of homes coming to the market to be sold. 

The highest sales price in the North Turramurra community was $3,100,000 on the 23rd of June for 218 Bobbin Head Road. The lowest sale price was for a single storey home at 345 Bobbin Head Road at a price of $1,325,000. A total of 49 homes sold in the North Turramurra area during 2016, with an average sale price of $1,808,000. 

Another year has gone by. I sincerely hope you look back on 2016 with fond memories and have a happy, healthy and prosperous new year. 

* = source: Jones Lang LaSalle & CoreLogic RP Data 

** = excludes December results 

Properties sold in 2016 in North Turramurra and nearby streets

19/01/16

18 Glengarry Avenue

$1,770,000

6/02/16

12 Nagle Place

$2,000,000

20/02/16

17 Valley Park Crescent

$1,800,000

24/02/16

32A Somerset Avenue

$2,070,000

27/02/16

5 Milton Road

$1,550,000

10/03/16

30 Somerset Avenue

$1,565,000

10/03/16

32 Somerset Avenue

$1,410,000

15/03/16

16 Normurra Avenue

$1,800,000

21/03/16

7A Miowera Road

$1,850,000

22/03/16

345 Bobbin Head Road

$1,325,000

23/03/16

36 Kedumba Crescent

$1,950,000

5/04/16

26A Curagul Road

$1,935,000

9/04/16

20B Browning Road

$1,528,000

14/05/16

17 Ellalong Road

$1,450,000

26/05/16

24 Browning Road

$1,580,000

26/05/16

14 Burnley Avenue

$1,425,000

28/05/16

384 Bobbin Head Road

$1,745,000

4/06/16

307 Bobbin Head Road

$2,740,000

6/06/16

62B Miowera Road

$1,620,000

15/06/16

7 Milton Road

$1,650,000

20/06/16

78 Kedumba Crescent

$1,630,000

23/06/16

218 Bobbin Head Road

$3,100,000

25/06/16

41A Miowera Road

$1,585,000

28/06/16

20D Stonecrop Road (land)

$1,650,000

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4/07/16

2/11-15 Curagul Road

$1,350,000

9/07/16

357 Bobbin Head Road

$1,755,000

5/08/16

15 Stonecrop Road

$1,630,000

6/08/16

5 Keats Road

$2,070,000

1/09/16

14/9A Curagul Road

$1,530,000

3/09/16

48 Somerset Avenue

$1,757,000

8/09/16

27 Ellalong Road

$1,510,000

8/09/16

11 Stratton Place

$1,675,000

9/09/16

420A Bobbin Head Road

$2,260,000

14/09/16

24 Gwydir Avenue

$1,375,000

16/09/16

17 Normurra Avenue

$1,700,000

19/09/16

27 Banks Avenue

$2,250,000

19/09/16

6 Curagul Road

$2,858,000

26/09/16

10 Nentoura Place

$1,850,000

5/11/16

10A Normurra Avenue

$2,150,000

9/11/16

9/11-15 Curagul Road

$1,585,000

11/11/16

250 Bobbin Head Road

$2,300,000

11/11/16

250 Bobbin Head Road

Undisclosed

12/11/16

5 McRae Place

$1,550,000

18/11/16

37 Allara Avenue

$1,585,000

26/11/16

46 Miowera Road

$1,840,000

1/12/16

5 Curagul Road

$2,090,000

2/12/16

9 Stratton Place

$1,770,000

7/12/16

3 Hopkins Place

Undisclosed

12/12/16

49 Ellalong Road

Undisclosed

Written by Annika Wood

 0424 625 255 | 9449 4444

[email protected]

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