Longueville has returned to its top spot when it comes to the highest median house price on the upper north shore.
New data from realestate.com.au’s Market Trends report shows the sought-after suburb now has a median of $4,501,000. Second on the list is Northbridge (median of $4,302,500,) and third is Killara ($3,700,000).
Simon Harrison, of Belle Property has been selling real estate in the area for 22 years, and says he is not surprised to see Longueville back on top.
“It is such a sought-after spot, there are not a lot of houses all up, and there are no apartments to it’s a real family area,’ he says.
“It has a really nice community feel to it and I find that when people find a property here they tend to stay put because of the lifestyle it offers.”
Stock is also very tight. Mr Harrison has just sold 80 Kenneth St for more than its guide of $7.7m. The home was on the market for just two weeks and was bought by a local family who loved its views and position opposite the park.
He also recently sold a large five-bedroom home a few doors down at 72 Kenneth St for an undisclosed price believed to be in the mid-$8 millions. This sale set a new street record, and happened so quickly the property didn’t even make it to the open market.
This leaves just one house for sale in Longueville, according to realestate.com.au. No. 7 Mary St is due to go to auction on September 18, with a guide of $6.5m to $7m.
Tavis Standen, of Standen Estate Agents, said he was seeing buyers from all over Sydney, including families wanting to upsize from inner city apartments, the eastern suburbs and lower north shore.
“It’s a suburb that’s a bit of a hidden gem, and there’s just such a shortage of stock at the moment,” he says.
“People are casting the net a lot wider now from the areas they were originally looking at, and when people discover Longueville, they want to stay.”
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